HERMAN BRUYNDONCKX: what changed
HERMAN BRUYNDONCKX
Largest movements
- Tangible fixed assets +€31,615
up €31,615 (+1,768%), from €1,788 to €33,403
of which Furniture and vehicles: +€32,958
- Cash -€20,585
down €20,585 (-13.0%), from €158,707 to €138,122
mainly Contributions, distributions and other (-€37,259) and Investment in fixed assets (net) (-€36,417)
- Receivables within one year +€13,813
up €13,813 (+77.8%), from €17,743 to €31,556
of which Trade receivables: +€13,836
- Other debts +€34,727
up €34,727 (+9,132%), from €380 to €35,107
- Reserves -€12,724
down €12,724 (-16.1%), from €79,115 to €66,390
- Tax, wage and social debts +€5,474
up €5,474 (+181%), from €3,019 to €8,492
- Current portion of long-term debt -€4,148
down €4,148 (-100%), from €4,148 to €0
- Depreciation -€17,504
down €17,504 (-78.5%), from €22,306 to €4,802
- Financial charges +€5,297
up €5,297 (+914%), from €579 to €5,877
of which Non-recurring financial charges: +€5,650
- Taxes +€3,545
up €3,545 (+51.5%), from €6,881 to €10,426
- Gross operating margin -€3,224
down €3,224 (-6.4%), from €50,148 to €46,923
- Other operating charges -€2,072
down €2,072 (-61.7%), from €3,356 to €1,285
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,925 | €203,240 | +€24,315 | +13.6% |
| Fixed assets | 21/28 | €1,788 | €33,403 | +€31,615 | +1,768% |
| Tangible fixed assets | 22/27 | €1,788 | €33,403 | +€31,615 | +1,768% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,788 | €444 | -€1,343 | -75.1% |
| Furniture and vehicles | 24 | - | €32,958 | +€32,958 | |
| Current assets | 29/58 | €177,137 | €169,837 | -€7,301 | -4.1% |
| Amounts receivable within one year | 40/41 | €17,743 | €31,556 | +€13,813 | +77.8% |
| Trade receivables | 40 | €17,624 | €31,460 | +€13,836 | +78.5% |
| Other amounts receivable | 41 | €119 | €96 | -€23 | -19.3% |
| Cash at bank and in hand | 54/58 | €158,707 | €138,122 | -€20,585 | -13.0% |
| Deferred charges and accrued income | 490/1 | €687 | €159 | -€528 | -76.9% |
| Total equity and liabilities | 10/49 | €178,925 | €203,240 | +€24,315 | +13.6% |
| Equity | 10/15 | €170,396 | €157,671 | -€12,724 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,115 | €66,390 | -€12,724 | -16.1% |
| Distributable reserves | 133 | €79,115 | €66,390 | -€12,724 | -16.1% |
| Profit (loss) carried forward | 14 | €72,681 | €72,681 | = | 0.0% |
| Amounts payable | 17/49 | €8,529 | €45,568 | +€37,039 | +434% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €8,529 | €45,568 | +€37,039 | +434% |
| Current portion of amounts payable after more than one year | 42 | €4,148 | €0 | -€4,148 | -100% |
| Trade debts | 44 | €983 | €1,969 | +€986 | +100% |
| Suppliers | 440/4 | €983 | €1,969 | +€986 | +100% |
| Taxes, remuneration and social security | 45 | €3,019 | €8,492 | +€5,474 | +181% |
| Taxes | 450/3 | €3,019 | €8,492 | +€5,474 | +181% |
| Other amounts payable | 47/48 | €380 | €35,107 | +€34,727 | +9,132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,306 | €4,802 | -€17,504 | -78.5% |
| Other operating charges | 640/8 | €3,356 | €1,285 | -€2,072 | -61.7% |
| Gross operating margin | 9900 | €50,148 | €46,923 | -€3,224 | -6.4% |
| Operating profit (loss) | 9901 | €24,486 | €40,837 | +€16,351 | +66.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €579 | €5,877 | +€5,297 | +914% |
| Recurring financial charges | 65 | €579 | €227 | -€353 | -60.9% |
| Non-recurring financial charges | 66B | - | €5,650 | +€5,650 | |
| Profit (loss) for the period before taxes | 9903 | €23,907 | €34,960 | +€11,054 | +46.2% |
| Income taxes | 67/77 | €6,881 | €10,426 | +€3,545 | +51.5% |
| Profit (loss) for the period | 9904 | €17,025 | €24,534 | +€7,509 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,025 | €24,534 | +€7,509 | +44.1% |
Next steps
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 8 November 2026 via checked.be.