DR. de BRUYN ANOUK: 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. de BRUYN ANOUK
Largest movements
- Receivables within one year +€31,566
up €31,566 (+17.1%), from €184,524 to €216,090
of which Other amounts receivable: +€48,357
- Tangible fixed assets -€12,835
down €12,835 (-20.0%), from €64,227 to €51,392
of which Furniture and vehicles: -€11,176
- Current investments +€12,000
up €12,000 (+34.3%), from €35,000 to €47,000
- Cash +€7,720
up €7,720 (+5.0%), from €153,931 to €161,650
mainly Net result for the year (+€193,583) and Other debts (+€112,401)
- Other debts +€112,401
up €112,401 (+94.0%), from €119,602 to €232,003
- Reserves -€59,448
down €59,448 (-23.5%), from €253,030 to €193,583
- Debts after one year -€10,954
down €10,954 (-27.3%), from €40,198 to €29,244
- Tax, wage and social debts -€5,729
down €5,729 (-48.6%), from €11,799 to €6,070
- Gross operating margin -€69,092
down €69,092 (-20.1%), from €344,438 to €275,346
- Taxes -€21,011
down €21,011 (-26.3%), from €79,803 to €58,792
- Financial charges +€5,889
up €5,889 (+155%), from €3,788 to €9,676
- Depreciation +€5,618
up €5,618 (+77.9%), from €7,217 to €12,835
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 | €437,682 | €476,232 | +€38,551 | +8.8% |
| Fixed assets | 21/28 | €64,227 | €51,492 | -€12,735 | -19.8% |
| Tangible fixed assets | 22/27 | €64,227 | €51,392 | -€12,835 | -20.0% |
| Furniture and vehicles | 24 | €50,320 | €39,145 | -€11,176 | -22.2% |
| Other tangible fixed assets | 26 | €13,906 | €12,247 | -€1,659 | -11.9% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €373,455 | €424,740 | +€51,285 | +13.7% |
| Amounts receivable within one year | 40/41 | €184,524 | €216,090 | +€31,566 | +17.1% |
| Trade receivables | 40 | €100,658 | €83,867 | -€16,791 | -16.7% |
| Other amounts receivable | 41 | €83,867 | €132,223 | +€48,357 | +57.7% |
| Current investments | 50/53 | €35,000 | €47,000 | +€12,000 | +34.3% |
| Cash at bank and in hand | 54/58 | €153,931 | €161,650 | +€7,720 | +5.0% |
| Total equity and liabilities | 10/49 | €437,682 | €476,232 | +€38,551 | +8.8% |
| Equity | 10/15 | €255,530 | €196,083 | -€59,448 | -23.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €253,030 | €193,583 | -€59,448 | -23.5% |
| Distributable reserves | 133 | €253,030 | €193,583 | -€59,448 | -23.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €182,151 | €280,149 | +€97,998 | +53.8% |
| Amounts payable after more than one year | 17 | €40,198 | €29,244 | -€10,954 | -27.3% |
| Financial debts | 170/4 | €40,198 | €29,244 | -€10,954 | -27.3% |
| Amounts payable within one year | 42/48 | €141,953 | €250,906 | +€108,952 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €10,552 | €10,954 | +€402 | +3.8% |
| Trade debts | 44 | €0 | €1,879 | +€1,879 | |
| Suppliers | 440/4 | €0 | €1,879 | +€1,879 | |
| Taxes, remuneration and social security | 45 | €11,799 | €6,070 | -€5,729 | -48.6% |
| Taxes | 450/3 | €11,799 | €6,070 | -€5,729 | -48.6% |
| Other amounts payable | 47/48 | €119,602 | €232,003 | +€112,401 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,217 | €12,835 | +€5,618 | +77.9% |
| Other operating charges | 640/8 | €600 | €460 | -€140 | -23.3% |
| Gross operating margin | 9900 | €344,438 | €275,346 | -€69,092 | -20.1% |
| Operating profit (loss) | 9901 | €336,622 | €262,051 | -€74,570 | -22.2% |
| Financial charges | 65/66B | €3,788 | €9,676 | +€5,889 | +155% |
| Recurring financial charges | 65 | €3,788 | €9,676 | +€5,889 | +155% |
| Profit (loss) for the period before taxes | 9903 | €332,834 | €252,375 | -€80,459 | -24.2% |
| Income taxes | 67/77 | €79,803 | €58,792 | -€21,011 | -26.3% |
| Profit (loss) for the period | 9904 | €253,030 | €193,583 | -€59,448 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €253,030 | €193,583 | -€59,448 | -23.5% |
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 29 October 2026 via checked.be.