IMMO BRUYERE: 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.
IMMO BRUYERE
Largest movements
- Cash +€932,181
up €932,181 (+780%), from €119,470 to €1.1m
mainly Net result for the year (+€593,544) and Investment in fixed assets (net) (+€436,541)
- Tangible fixed assets -€511,738
down €511,738 (-27.9%), from €1.8m to €1.3m
of which Plant, machinery and equipment: -€392,766
- Deferred charges and accrued income +€234,249
new in 2025: €234,249
- Stocks and contracts +€208,153
new in 2025: €208,153
- Receivables within one year +€63,647
up €63,647 (+192%), from €33,094 to €96,741
of which Trade receivables: +€81,888
- Reserves +€593,544
up €593,544 (+80.4%), from €738,272 to €1.3m
of which Tax-exempt reserves: +€552,914
- Other debts +€207,330
up €207,330 (+17.8%), from €1.2m to €1.4m
- Provisions +€182,557
up €182,557 (+341%), from €53,575 to €236,132
- Debts after one year -€67,814
down €67,814 (-15.0%), from €451,757 to €383,943
of which Financial debts: -€69,714
- Gross operating margin +€1.0m
up €1.0m (+458%), from €228,435 to €1.3m
- Depreciation -€49,030
down €49,030 (-39.5%), from €124,227 to €75,197
- Taxes +€20,608
up €20,608 (+1,268%), from €1,626 to €22,234
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 | €2,787,943 | €3,714,436 | +€926,492 | +33.2% |
| Fixed assets | 21/28 | €2,635,380 | €2,123,642 | -€511,738 | -19.4% |
| Tangible fixed assets | 22/27 | €1,836,980 | €1,325,242 | -€511,738 | -27.9% |
| Land and buildings | 22 | €1,381,195 | €1,275,039 | -€106,157 | -7.7% |
| Plant, machinery and equipment | 23 | €413,687 | €20,922 | -€392,766 | -94.9% |
| Furniture and vehicles | 24 | €42,097 | €29,282 | -€12,815 | -30.4% |
| Financial fixed assets | 28 | €798,400 | €798,400 | = | 0.0% |
| Current assets | 29/58 | €152,563 | €1,590,793 | +€1.4m | +943% |
| Stocks and contracts in progress | 3 | - | €208,153 | +€208,153 | |
| Stocks | 30/36 | - | €208,153 | +€208,153 | |
| Amounts receivable within one year | 40/41 | €33,094 | €96,741 | +€63,647 | +192% |
| Trade receivables | 40 | €7,018 | €88,906 | +€81,888 | +1,167% |
| Other amounts receivable | 41 | €26,076 | €7,835 | -€18,241 | -70.0% |
| Cash at bank and in hand | 54/58 | €119,470 | €1,051,650 | +€932,181 | +780% |
| Deferred charges and accrued income | 490/1 | - | €234,249 | +€234,249 | |
| Total equity and liabilities | 10/49 | €2,787,943 | €3,714,436 | +€926,492 | +33.2% |
| Equity | 10/15 | €1,035,830 | €1,629,374 | +€593,544 | +57.3% |
| Contributions | 10/11 | €297,557 | €297,557 | = | 0.0% |
| Capital | 10 | €297,557 | €297,557 | = | 0.0% |
| Issued capital | 100 | €297,557 | €297,557 | = | 0.0% |
| Reserves | 13 | €738,272 | €1,331,817 | +€593,544 | +80.4% |
| Non-distributable reserves | 130/1 | €29,756 | €29,756 | = | 0.0% |
| Legal reserve | 130 | €29,756 | €29,756 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,950 | €678,864 | +€552,914 | +439% |
| Distributable reserves | 133 | €582,567 | €623,197 | +€40,631 | +7.0% |
| Provisions and deferred taxes | 16 | €53,575 | €236,132 | +€182,557 | +341% |
| Deferred taxes | 168 | €53,575 | €236,132 | +€182,557 | +341% |
| Amounts payable | 17/49 | €1,698,539 | €1,848,930 | +€150,391 | +8.9% |
| Amounts payable after more than one year | 17 | €451,757 | €383,943 | -€67,814 | -15.0% |
| Financial debts | 170/4 | €451,757 | €382,043 | -€69,714 | -15.4% |
| Other amounts payable | 178/9 | - | €1,900 | +€1,900 | |
| Amounts payable within one year | 42/48 | €1,246,782 | €1,455,299 | +€208,517 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €66,740 | €69,714 | +€2,975 | +4.5% |
| Trade debts | 44 | €11,727 | €15,265 | +€3,538 | +30.2% |
| Suppliers | 440/4 | €11,727 | €15,265 | +€3,538 | +30.2% |
| Taxes, remuneration and social security | 45 | €5,448 | €123 | -€5,325 | -97.7% |
| Taxes | 450/3 | €5,448 | €123 | -€5,325 | -97.7% |
| Other amounts payable | 47/48 | €1,162,867 | €1,370,196 | +€207,330 | +17.8% |
| Accrued charges and deferred income | 492/3 | €0 | €9,688 | +€9,688 | |
| Non-recurring operating income | 76A | - | €759,663 | +€759,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,227 | €75,197 | -€49,030 | -39.5% |
| Other operating charges | 640/8 | €14,946 | €19,866 | +€4,920 | +32.9% |
| Non-recurring operating charges | 66A | - | €296,436 | +€296,436 | |
| Gross operating margin | 9900 | €228,435 | €1,274,507 | +€1.0m | +458% |
| Operating profit (loss) | 9901 | €89,262 | €883,008 | +€793,746 | +889% |
| Financial income | 75/76B | - | €3,114 | +€3,114 | |
| Recurring financial income | 75 | - | €3,114 | +€3,114 | |
| Financial charges | 65/66B | €95,177 | €87,787 | -€7,390 | -7.8% |
| Recurring financial charges | 65 | €95,177 | €87,787 | -€7,390 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,914 | €798,335 | +€804,250 | |
| Transfer from deferred taxes | 780 | €3,382 | €7,359 | +€3,976 | +118% |
| Transfer to deferred taxes | 680 | - | €189,916 | +€189,916 | |
| Income taxes | 67/77 | €1,626 | €22,234 | +€20,608 | +1,268% |
| Profit (loss) for the period | 9904 | -€4,158 | €593,544 | +€597,702 | |
| Transfer from tax-exempt reserves | 789 | €7,562 | €16,834 | +€9,271 | +123% |
| Transfer to tax-exempt reserves | 689 | - | €569,747 | +€569,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,404 | €40,631 | +€37,227 | +1,094% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.