Glenn Bruyninckx: what changed
What changed
Glenn Bruyninckx
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€25,760
2024 · €22,513+€3,247
Equity
€63,519
2024 · €37,760+€25,760
Cash
€67,727
2024 · €62,710+€5,017
Balance sheet total
€286,733
2024 · €72,349+€214,384
Largest movements
Assets
- Financial fixed assets +€215,891
new in 2025: €215,891
- Tangible fixed assets -€6,530
down €6,530 (-68.4%), from €9,540 to €3,010
of which Furniture and vehicles: -€6,333
- Cash +€5,017
up €5,017 (+8.0%), from €62,710 to €67,727
mainly Debts after one year (+€165,405) and Net result for the year (+€25,760)
Equity and liabilities
- Debts after one year +€165,405
new in 2025: €165,405
- Reserves +€25,760
up €25,760 (+78.6%), from €32,760 to €58,519
- Current portion of long-term debt +€24,595
new in 2025: €24,595
- Tax, wage and social debts -€3,103
down €3,103 (-29.7%), from €10,460 to €7,357
Income statement
- Gross operating margin +€9,782
up €9,782 (+25.1%), from €38,948 to €48,731
- Taxes +€4,464
up €4,464 (+44.8%), from €9,964 to €14,428
- Financial charges +€1,662
up €1,662 (+3,822%), from €44 to €1,706
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€22,513
Gross operating margin
+€9,782
Depreciation
-€173
Other operating charges
-€405
Financial income
+€168
Financial charges
-€1,662
Taxes
-€4,464
Result 2025
€25,760
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,907
Investment
-€215,891
Financing
+€190,000
Cash 2024
€62,710
From operations (derived)
+€30,907
Net result for the year
+€25,760
Depreciation
+€6,530
Smaller working-capital items
+€103
Trade debts
+€894
Tax, wage and social debts
-€3,103
Accrued charges and deferred income
+€724
Investment (derived)
-€215,891
Investment in fixed assets (net)
-€215,891
Financing
+€190,000
Debts after one year
+€165,405
Current portion of long-term debt
+€24,595
Cash 2025
€67,727
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,349 | €286,733 | +€214,384 | +296% |
| Fixed assets | 21/28 | €9,540 | €218,901 | +€209,361 | +2,195% |
| Tangible fixed assets | 22/27 | €9,540 | €3,010 | -€6,530 | -68.4% |
| Furniture and vehicles | 24 | €7,600 | €1,267 | -€6,333 | -83.3% |
| Other tangible fixed assets | 26 | €1,940 | €1,744 | -€196 | -10.1% |
| Financial fixed assets | 28 | - | €215,891 | +€215,891 | |
| Current assets | 29/58 | €62,809 | €67,832 | +€5,023 | +8.0% |
| Cash at bank and in hand | 54/58 | €62,710 | €67,727 | +€5,017 | +8.0% |
| Deferred charges and accrued income | 490/1 | €99 | €105 | +€6 | +6.5% |
| Total equity and liabilities | 10/49 | €72,349 | €286,733 | +€214,384 | +296% |
| Equity | 10/15 | €37,760 | €63,519 | +€25,760 | +68.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,760 | €58,519 | +€25,760 | +78.6% |
| Distributable reserves | 133 | €32,760 | €58,519 | +€25,760 | +78.6% |
| Amounts payable | 17/49 | €34,589 | €223,214 | +€188,625 | +545% |
| Amounts payable after more than one year | 17 | - | €165,405 | +€165,405 | |
| Financial debts | 170/4 | - | €165,405 | +€165,405 | |
| Amounts payable within one year | 42/48 | €30,571 | €53,065 | +€22,495 | +73.6% |
| Current portion of amounts payable after more than one year | 42 | - | €24,595 | +€24,595 | |
| Trade debts | 44 | €237 | €1,131 | +€894 | +377% |
| Suppliers | 440/4 | €237 | €1,131 | +€894 | +377% |
| Taxes, remuneration and social security | 45 | €10,460 | €7,357 | -€3,103 | -29.7% |
| Taxes | 450/3 | €10,460 | €7,357 | -€3,103 | -29.7% |
| Other amounts payable | 47/48 | €19,874 | €19,983 | +€110 | +0.6% |
| Accrued charges and deferred income | 492/3 | €4,019 | €4,743 | +€724 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,356 | €6,530 | +€173 | +2.7% |
| Other operating charges | 640/8 | €143 | €548 | +€405 | +282% |
| Gross operating margin | 9900 | €38,948 | €48,731 | +€9,782 | +25.1% |
| Operating profit (loss) | 9901 | €32,448 | €41,653 | +€9,204 | +28.4% |
| Financial income | 75/76B | €72 | €240 | +€168 | +232% |
| Recurring financial income | 75 | €72 | €240 | +€168 | +232% |
| Financial charges | 65/66B | €44 | €1,706 | +€1,662 | +3,822% |
| Recurring financial charges | 65 | €44 | €1,706 | +€1,662 | +3,822% |
| Profit (loss) for the period before taxes | 9903 | €32,477 | €40,187 | +€7,710 | +23.7% |
| Income taxes | 67/77 | €9,964 | €14,428 | +€4,464 | +44.8% |
| Profit (loss) for the period | 9904 | €22,513 | €25,760 | +€3,247 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,513 | €25,760 | +€3,247 | +14.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.