GROEN BRUGGE 2: what changed
What changed
GROEN BRUGGE 2
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€42,685
2024 · -€6,694+€49,379
Equity
€178,456
2024 · €135,771+€42,685
Cash
€91,251
2024 · €75,399+€15,852
Balance sheet total
€9.6m
2024 · €10.1m-€443,234
Largest movements
Assets
- Tangible fixed assets -€617,264
down €617,264 (-6.4%), from €9.6m to €9.0m
- Receivables within one year +€105,317
up €105,317 (+29.2%), from €360,087 to €465,404
of which Trade receivables: +€81,871
Equity and liabilities
- Debts after one year -€473,356
down €473,356 (-6.3%), from €7.5m to €7.0m
- Other debts -€137,258
down €137,258 (-7.2%), from €1.9m to €1.8m
- Current portion of long-term debt +€117,982
up €117,982 (+25.4%), from €465,375 to €583,356
Income statement
- Financial charges -€24,494
down €24,494 (-12.4%), from €196,883 to €172,389
- Gross operating margin +€22,320
up €22,320 (+2.5%), from €903,923 to €926,243
- Other operating charges -€15,063
down €15,063 (-15.5%), from €97,242 to €82,179
- Taxes +€12,498
up €12,498, from -€773 to €11,725
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
-€6,694
Gross operating margin
+€22,320
Other operating charges
+€15,063
Financial charges
+€24,494
Taxes
-€12,498
Result 2025
€42,685
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
+€371,226
Investment
€0
Financing
-€355,375
Cash 2024
€75,399
From operations (derived)
+€371,226
Net result for the year
+€42,685
Depreciation
+€617,264
Receivables within one year
-€105,317
Deferred charges and accrued income
-€52,862
Trade debts
+€1,302
Other debts
-€137,258
Accrued charges and deferred income
+€5,411
Financing
-€355,375
Debts after one year
-€473,356
Current portion of long-term debt
+€117,982
Cash 2025
€91,251
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,068,091 | €9,624,857 | -€443,234 | -4.4% |
| Fixed assets | 21/28 | €9,607,023 | €8,989,759 | -€617,264 | -6.4% |
| Tangible fixed assets | 22/27 | €9,607,023 | €8,989,759 | -€617,264 | -6.4% |
| Other tangible fixed assets | 26 | €9,607,023 | €8,989,759 | -€617,264 | -6.4% |
| Current assets | 29/58 | €461,068 | €635,098 | +€174,031 | +37.7% |
| Amounts receivable within one year | 40/41 | €360,087 | €465,404 | +€105,317 | +29.2% |
| Trade receivables | 40 | €335,808 | €417,679 | +€81,871 | +24.4% |
| Other amounts receivable | 41 | €24,280 | €47,725 | +€23,445 | +96.6% |
| Cash at bank and in hand | 54/58 | €75,399 | €91,251 | +€15,852 | +21.0% |
| Deferred charges and accrued income | 490/1 | €25,581 | €78,443 | +€52,862 | +207% |
| Total equity and liabilities | 10/49 | €10,068,091 | €9,624,857 | -€443,234 | -4.4% |
| Equity | 10/15 | €135,771 | €178,456 | +€42,685 | +31.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,571 | €110,256 | +€42,685 | +63.2% |
| Amounts payable | 17/49 | €9,932,319 | €9,446,401 | -€485,919 | -4.9% |
| Amounts payable after more than one year | 17 | €7,512,317 | €7,038,961 | -€473,356 | -6.3% |
| Financial debts | 170/4 | €7,512,317 | €7,038,961 | -€473,356 | -6.3% |
| Amounts payable within one year | 42/48 | €2,389,515 | €2,371,541 | -€17,974 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €465,375 | €583,356 | +€117,982 | +25.4% |
| Trade debts | 44 | €6,869 | €8,171 | +€1,302 | +19.0% |
| Suppliers | 440/4 | €6,869 | €8,171 | +€1,302 | +19.0% |
| Other amounts payable | 47/48 | €1,917,272 | €1,780,014 | -€137,258 | -7.2% |
| Accrued charges and deferred income | 492/3 | €30,487 | €35,898 | +€5,411 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €617,264 | €617,264 | = | 0.0% |
| Other operating charges | 640/8 | €97,242 | €82,179 | -€15,063 | -15.5% |
| Gross operating margin | 9900 | €903,923 | €926,243 | +€22,320 | +2.5% |
| Operating profit (loss) | 9901 | €189,417 | €226,799 | +€37,383 | +19.7% |
| Financial charges | 65/66B | €196,883 | €172,389 | -€24,494 | -12.4% |
| Recurring financial charges | 65 | €196,883 | €172,389 | -€24,494 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,466 | €54,410 | +€61,876 | |
| Income taxes | 67/77 | -€773 | €11,725 | +€12,498 | |
| Profit (loss) for the period | 9904 | -€6,694 | €42,685 | +€49,379 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,694 | €42,685 | +€49,379 |
Next steps
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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 5 November 2026 via checked.be.