FRANCOIS BRUYNS: 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.
FRANCOIS BRUYNS
Largest movements
- Receivables within one year +€12,929
up €12,929 (+4.5%), from €285,172 to €298,101
of which Other amounts receivable: +€11,466
- Tangible fixed assets -€8,458
down €8,458 (-84.1%), from €10,063 to €1,605
of which Furniture and vehicles: -€8,060
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€3,634
down €3,634, from €1,305 to -€2,329
- Financial income +€3,205
up €3,205 (+22.2%), from €14,426 to €17,631
- Depreciation -€2,122
down €2,122 (-20.1%), from €10,580 to €8,458
- Taxes +€484
up €484 (+15.8%), from €3,060 to €3,544
- Other operating charges +€93
up €93 (+8.7%), from €1,075 to €1,168
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 | €301,500 | €305,004 | +€3,504 | +1.2% |
| Fixed assets | 21/28 | €10,063 | €1,605 | -€8,458 | -84.1% |
| Tangible fixed assets | 22/27 | €10,063 | €1,605 | -€8,458 | -84.1% |
| Plant, machinery and equipment | 23 | €894 | €496 | -€399 | -44.6% |
| Furniture and vehicles | 24 | €9,169 | €1,109 | -€8,060 | -87.9% |
| Current assets | 29/58 | €291,437 | €303,399 | +€11,962 | +4.1% |
| Amounts receivable within one year | 40/41 | €285,172 | €298,101 | +€12,929 | +4.5% |
| Trade receivables | 40 | - | €1,464 | +€1,464 | |
| Other amounts receivable | 41 | €285,172 | €296,637 | +€11,466 | +4.0% |
| Cash at bank and in hand | 54/58 | €4,709 | €3,858 | -€851 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,557 | €1,440 | -€116 | -7.5% |
| Total equity and liabilities | 10/49 | €301,500 | €305,004 | +€3,504 | +1.2% |
| Equity | 10/15 | €296,089 | €298,082 | +€1,993 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275,629 | €277,622 | +€1,993 | +0.7% |
| Amounts payable | 17/49 | €5,411 | €6,922 | +€1,511 | +27.9% |
| Amounts payable within one year | 42/48 | €5,411 | €6,922 | +€1,511 | +27.9% |
| Trade debts | 44 | €1,295 | €2,774 | +€1,479 | +114% |
| Suppliers | 440/4 | €1,295 | €2,774 | +€1,479 | +114% |
| Taxes, remuneration and social security | 45 | €4,116 | €4,148 | +€32 | +0.8% |
| Taxes | 450/3 | €4,116 | €4,148 | +€32 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,580 | €8,458 | -€2,122 | -20.1% |
| Other operating charges | 640/8 | €1,075 | €1,168 | +€93 | +8.7% |
| Gross operating margin | 9900 | €1,305 | -€2,329 | -€3,634 | |
| Operating profit (loss) | 9901 | -€10,350 | -€11,955 | -€1,605 | -15.5% |
| Financial income | 75/76B | €14,426 | €17,631 | +€3,205 | +22.2% |
| Recurring financial income | 75 | €14,426 | €17,631 | +€3,205 | +22.2% |
| Financial charges | 65/66B | €138 | €138 | = | 0.0% |
| Recurring financial charges | 65 | €138 | €138 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,938 | €5,537 | +€1,599 | +40.6% |
| Income taxes | 67/77 | €3,060 | €3,544 | +€484 | +15.8% |
| Profit (loss) for the period | 9904 | €878 | €1,993 | +€1,115 | +127% |
| Transfer from tax-exempt reserves | 789 | €56,960 | - | -€56,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,838 | €1,993 | -€55,845 | -96.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.