Den Bruel: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Den Bruel
Largest movements
- Tangible fixed assets -€7,047
down €7,047 (-6.9%), from €102,277 to €95,230
of which Other tangible fixed assets: -€14,546
- Cash +€4,746
up €4,746 (+29.0%), from €16,353 to €21,100
mainly Depreciation (+€21,834) and Net result for the year (+€8,948)
- Deferred charges and accrued income +€3,233
up €3,233 (+188%), from €1,723 to €4,956
- Stocks and contracts +€1,953
up €1,953 (+28.6%), from €6,835 to €8,788
- Profit (loss) carried forward +€8,948
up €8,948 (+13.8%), from -€64,835 to -€55,887
- Debts after one year -€5,258
down €5,258 (-10.6%), from €49,525 to €44,267
- Other debts -€3,000
down €3,000 (-60.6%), from €4,950 to €1,950
- Gross operating margin -€15,115
down €15,115 (-11.8%), from €127,682 to €112,567
- Staff costs +€5,463
up €5,463 (+7.8%), from €70,444 to €75,907
- Depreciation +€2,934
up €2,934 (+15.5%), from €18,900 to €21,834
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,737 | €133,021 | +€2,283 | +1.7% |
| Fixed assets | 21/28 | €104,776 | €97,729 | -€7,047 | -6.7% |
| Tangible fixed assets | 22/27 | €102,277 | €95,230 | -€7,047 | -6.9% |
| Plant, machinery and equipment | 23 | €13,531 | €12,403 | -€1,128 | -8.3% |
| Furniture and vehicles | 24 | €4,893 | €13,521 | +€8,628 | +176% |
| Other tangible fixed assets | 26 | €83,853 | €69,307 | -€14,546 | -17.3% |
| Financial fixed assets | 28 | €2,499 | €2,499 | = | 0.0% |
| Current assets | 29/58 | €25,961 | €35,291 | +€9,330 | +35.9% |
| Stocks and contracts in progress | 3 | €6,835 | €8,788 | +€1,953 | +28.6% |
| Stocks | 30/36 | €6,835 | €8,788 | +€1,953 | +28.6% |
| Amounts receivable within one year | 40/41 | €1,049 | €447 | -€602 | -57.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,049 | €447 | -€602 | -57.4% |
| Cash at bank and in hand | 54/58 | €16,353 | €21,100 | +€4,746 | +29.0% |
| Deferred charges and accrued income | 490/1 | €1,723 | €4,956 | +€3,233 | +188% |
| Total equity and liabilities | 10/49 | €130,737 | €133,021 | +€2,283 | +1.7% |
| Equity | 10/15 | €64,070 | €73,018 | +€8,948 | +14.0% |
| Contributions | 10/11 | €128,905 | €128,905 | = | 0.0% |
| Capital | 10 | €128,905 | €128,905 | = | 0.0% |
| Issued capital | 100 | €128,905 | €128,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,835 | -€55,887 | +€8,948 | +13.8% |
| Amounts payable | 17/49 | €66,668 | €60,003 | -€6,665 | -10.0% |
| Amounts payable after more than one year | 17 | €49,525 | €44,267 | -€5,258 | -10.6% |
| Financial debts | 170/4 | €49,525 | €44,267 | -€5,258 | -10.6% |
| Amounts payable within one year | 42/48 | €17,142 | €15,736 | -€1,406 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €4,974 | €5,223 | +€249 | +5.0% |
| Trade debts | 44 | €5,399 | €6,572 | +€1,173 | +21.7% |
| Suppliers | 440/4 | €5,399 | €6,572 | +€1,173 | +21.7% |
| Taxes, remuneration and social security | 45 | €1,819 | €1,991 | +€172 | +9.4% |
| Taxes | 450/3 | €853 | €917 | +€65 | +7.6% |
| Remuneration and social security | 454/9 | €966 | €1,073 | +€107 | +11.1% |
| Other amounts payable | 47/48 | €4,950 | €1,950 | -€3,000 | -60.6% |
| Non-recurring operating income | 76A | - | €34,711 | +€34,711 | |
| Remuneration, social security and pensions | 62 | €70,444 | €75,907 | +€5,463 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,900 | €21,834 | +€2,934 | +15.5% |
| Other operating charges | 640/8 | €613 | €1,210 | +€597 | +97.4% |
| Non-recurring operating charges | 66A | €107 | €50 | -€57 | -53.4% |
| Gross operating margin | 9900 | €127,682 | €112,567 | -€15,115 | -11.8% |
| Operating profit (loss) | 9901 | €37,619 | €13,567 | -€24,052 | -63.9% |
| Financial income | 75/76B | €42 | €111 | +€68 | +162% |
| Recurring financial income | 75 | €42 | €111 | +€68 | +162% |
| Financial charges | 65/66B | €3,980 | €4,505 | +€525 | +13.2% |
| Recurring financial charges | 65 | €3,980 | €4,505 | +€525 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €33,681 | €9,173 | -€24,509 | -72.8% |
| Income taxes | 67/77 | - | €225 | +€225 | |
| Profit (loss) for the period | 9904 | €33,681 | €8,948 | -€24,734 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,681 | €8,948 | -€24,734 | -73.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.