Dr. BRIDTS: 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.
Dr. BRIDTS
Largest movements
- Current investments +€21,854
up €21,854 (+5.7%), from €382,665 to €404,519
- Cash -€13,503
down €13,503 (-17.6%), from €76,805 to €63,302
mainly Current investments (-€21,854) and Receivables within one year (-€5,094)
- Receivables within one year +€5,094
up €5,094 (+187.9%), from €2,711 to €7,805
- Reserves +€17,182
up €17,182 (+8.5%), from €202,825 to €220,006
of which Distributable reserves: +€17,182
- Gross operating margin -€64,288
down €64,288 (-72.2%), from €89,085 to €24,797
- Taxes -€15,638
down €15,638 (-68.5%), from €22,825 to €7,187
- Depreciation -€9,282
down €9,282 (-84.7%), from €10,956 to €1,675
- Financial income +€4,107
up €4,107 (+108.0%), from €3,801 to €7,908
- Financial charges -€3,206
down €3,206 (-34.3%), from €9,348 to €6,142
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,558 | €478,356 | +€11,797 | +2.5% |
| Fixed assets | 21/28 | €2,173 | €498 | -€1,675 | -77.1% |
| Tangible fixed assets | 22/27 | €2,173 | €498 | -€1,675 | -77.1% |
| Furniture and vehicles | 24 | €2,173 | €498 | -€1,675 | -77.1% |
| Current assets | 29/58 | €464,385 | €477,857 | +€13,472 | +2.9% |
| Amounts receivable within one year | 40/41 | €2,711 | €7,805 | +€5,094 | +187.9% |
| Other amounts receivable | 41 | €2,711 | €7,805 | +€5,094 | +187.9% |
| Current investments | 50/53 | €382,665 | €404,519 | +€21,854 | +5.7% |
| Cash at bank and in hand | 54/58 | €76,805 | €63,302 | -€13,503 | -17.6% |
| Deferred charges and accrued income | 490/1 | €2,204 | €2,231 | +€27 | +1.2% |
| Total equity and liabilities | 10/49 | €466,558 | €478,356 | +€11,797 | +2.5% |
| Equity | 10/15 | €366,202 | €383,384 | +€17,182 | +4.7% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €202,825 | €220,006 | +€17,182 | +8.5% |
| Non-distributable reserves | 130/1 | €16,860 | €16,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,860 | €16,860 | = | 0.0% |
| Distributable reserves | 133 | €185,965 | €203,146 | +€17,182 | +9.2% |
| Profit (loss) carried forward | 14 | -€5,222 | -€5,222 | = | 0.0% |
| Amounts payable | 17/49 | €100,356 | €94,972 | -€5,384 | -5.4% |
| Amounts payable within one year | 42/48 | €90,811 | €88,825 | -€1,985 | -2.2% |
| Trade debts | 44 | €1,848 | €2,015 | +€167 | +9.0% |
| Suppliers | 440/4 | €1,848 | €2,015 | +€167 | +9.0% |
| Taxes, remuneration and social security | 45 | €2,067 | €1,718 | -€348 | -16.9% |
| Taxes | 450/3 | €2,067 | €1,718 | -€348 | -16.9% |
| Other amounts payable | 47/48 | €86,896 | €85,093 | -€1,804 | -2.1% |
| Accrued charges and deferred income | 492/3 | €9,545 | €6,147 | -€3,399 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,956 | €1,675 | -€9,282 | -84.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €89,085 | €24,797 | -€64,288 | -72.2% |
| Operating profit (loss) | 9901 | €77,623 | €22,602 | -€55,021 | -70.9% |
| Financial income | 75/76B | €3,801 | €7,908 | +€4,107 | +108.0% |
| Recurring financial income | 75 | €3,801 | €7,908 | +€4,107 | +108.0% |
| Financial charges | 65/66B | €9,348 | €6,142 | -€3,206 | -34.3% |
| Recurring financial charges | 65 | €9,348 | €6,142 | -€3,206 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €72,076 | €24,369 | -€47,708 | -66.2% |
| Income taxes | 67/77 | €22,825 | €7,187 | -€15,638 | -68.5% |
| Profit (loss) for the period | 9904 | €49,251 | €17,182 | -€32,070 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,251 | €17,182 | -€32,070 | -65.1% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.