Dune Brugmann: 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.
Dune Brugmann
Largest movements
- Stocks and contracts +€53,038
up €53,038 (+596%), from €8,892 to €61,930
- Cash +€45,544
up €45,544 (+38.4%), from €118,652 to €164,197
mainly Net result for the year (+€63,638) and Trade debts (+€15,962)
- Receivables within one year -€3,152
down €3,152 (-39.4%), from €8,007 to €4,855
of which Other amounts receivable: -€3,648
- Profit (loss) carried forward +€63,638
up €63,638 (+206%), from €30,889 to €94,527
- Trade debts +€15,962
up €15,962 (+329%), from €4,854 to €20,817
- Tax, wage and social debts +€14,510
up €14,510 (+39.9%), from €36,331 to €50,841
of which Taxes: +€13,773
- Gross operating margin +€49,353
up €49,353 (+99.1%), from €49,779 to €99,132
- Taxes +€15,387
up €15,387 (+173%), from €8,908 to €24,295
- Write-downs -€5,849
no longer reported in 2025 (was €5,849)
- Other operating charges -€2,204
down €2,204 (-98.3%), from €2,241 to €38
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 | €164,025 | €259,987 | +€95,962 | +58.5% |
| Fixed assets | 21/28 | €27,995 | €28,305 | +€310 | +1.1% |
| Intangible fixed assets | 21 | €6,231 | €4,260 | -€1,971 | -31.6% |
| Tangible fixed assets | 22/27 | €21,684 | €23,775 | +€2,091 | +9.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €11,812 | €11,165 | -€647 | -5.5% |
| Other tangible fixed assets | 26 | €9,872 | €12,610 | +€2,738 | +27.7% |
| Financial fixed assets | 28 | €80 | €270 | +€190 | +236% |
| Current assets | 29/58 | €136,030 | €231,682 | +€95,652 | +70.3% |
| Stocks and contracts in progress | 3 | €8,892 | €61,930 | +€53,038 | +596% |
| Stocks | 30/36 | €8,892 | €61,930 | +€53,038 | +596% |
| Amounts receivable within one year | 40/41 | €8,007 | €4,855 | -€3,152 | -39.4% |
| Trade receivables | 40 | €4,359 | €4,855 | +€496 | +11.4% |
| Other amounts receivable | 41 | €3,648 | - | -€3,648 | |
| Cash at bank and in hand | 54/58 | €118,652 | €164,197 | +€45,544 | +38.4% |
| Deferred charges and accrued income | 490/1 | €480 | €701 | +€222 | +46.2% |
| Total equity and liabilities | 10/49 | €164,025 | €259,987 | +€95,962 | +58.5% |
| Equity | 10/15 | €60,889 | €124,527 | +€63,638 | +105% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | - | -€30,000 | |
| Other | 1109/19 | €30,000 | - | -€30,000 | |
| Profit (loss) carried forward | 14 | €30,889 | €94,527 | +€63,638 | +206% |
| Amounts payable | 17/49 | €103,136 | €135,460 | +€32,324 | +31.3% |
| Amounts payable within one year | 42/48 | €103,136 | €135,460 | +€32,324 | +31.3% |
| Trade debts | 44 | €4,854 | €20,817 | +€15,962 | +329% |
| Suppliers | 440/4 | €4,854 | €20,817 | +€15,962 | +329% |
| Taxes, remuneration and social security | 45 | €36,331 | €50,841 | +€14,510 | +39.9% |
| Taxes | 450/3 | €36,331 | €50,104 | +€13,773 | +37.9% |
| Remuneration and social security | 454/9 | - | €737 | +€737 | |
| Other amounts payable | 47/48 | €61,950 | €63,802 | +€1,852 | +3.0% |
| Remuneration, social security and pensions | 62 | - | €909 | +€909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,039 | €7,754 | -€285 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,849 | - | -€5,849 | |
| Other operating charges | 640/8 | €2,241 | €38 | -€2,204 | -98.3% |
| Gross operating margin | 9900 | €49,779 | €99,132 | +€49,353 | +99.1% |
| Operating profit (loss) | 9901 | €33,650 | €90,431 | +€56,781 | +169% |
| Financial income | 75/76B | €67 | €80 | +€13 | +19.3% |
| Recurring financial income | 75 | €67 | €80 | +€13 | +19.3% |
| Financial charges | 65/66B | €1,879 | €2,578 | +€698 | +37.2% |
| Recurring financial charges | 65 | €1,879 | €2,578 | +€698 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €31,838 | €87,933 | +€56,095 | +176% |
| Income taxes | 67/77 | €8,908 | €24,295 | +€15,387 | +173% |
| Profit (loss) for the period | 9904 | €22,930 | €63,638 | +€40,708 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €22,930 | €63,638 | +€40,708 | +178% |
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 15 October 2026 via checked.be.