Jochem Van Bruyssel: 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.
Jochem Van Bruyssel
Largest movements
- Stocks and contracts +€33,179
new in 2025: €33,179
- Tangible fixed assets -€16,094
down €16,094 (-21.8%), from €73,714 to €57,619
of which Plant, machinery and equipment: -€13,835
- Receivables within one year -€13,223
down €13,223 (-63.5%), from €20,808 to €7,585
- Cash -€9,951
down €9,951 (-64.7%), from €15,373 to €5,422
mainly Stocks and contracts (-€33,179) and Other debts (-€11,876)
- Other debts -€11,876
down €11,876 (-32.2%), from €36,876 to €25,000
- Debts after one year -€7,748
down €7,748 (-24.7%), from €31,314 to €23,566
- Reserves +€6,897
up €6,897 (+36.6%), from €18,859 to €25,755
- Tax, wage and social debts +€3,811
up €3,811 (+52.1%), from €7,317 to €11,128
of which Taxes: +€3,811
- Trade debts +€2,546
up €2,546 (+217%), from €1,175 to €3,721
- Depreciation +€7,802
up €7,802 (+50.7%), from €15,386 to €23,188
- Gross operating margin -€6,454
down €6,454 (-15.4%), from €42,030 to €35,576
- Taxes -€3,607
down €3,607 (-59.0%), from €6,115 to €2,508
- Financial charges +€1,086
up €1,086 (+219%), from €495 to €1,581
- Other operating charges +€513
up €513 (+43.6%), from €1,177 to €1,690
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 | €109,895 | €103,805 | -€6,089 | -5.5% |
| Fixed assets | 21/28 | €73,714 | €57,619 | -€16,094 | -21.8% |
| Tangible fixed assets | 22/27 | €73,714 | €57,619 | -€16,094 | -21.8% |
| Land and buildings | 22 | €3,563 | €3,113 | -€450 | -12.6% |
| Plant, machinery and equipment | 23 | €67,267 | €53,433 | -€13,835 | -20.6% |
| Furniture and vehicles | 24 | €2,884 | €1,074 | -€1,810 | -62.8% |
| Current assets | 29/58 | €36,181 | €46,186 | +€10,005 | +27.7% |
| Stocks and contracts in progress | 3 | - | €33,179 | +€33,179 | |
| Stocks | 30/36 | - | €33,179 | +€33,179 | |
| Amounts receivable within one year | 40/41 | €20,808 | €7,585 | -€13,223 | -63.5% |
| Trade receivables | 40 | €20,808 | €7,585 | -€13,223 | -63.5% |
| Cash at bank and in hand | 54/58 | €15,373 | €5,422 | -€9,951 | -64.7% |
| Total equity and liabilities | 10/49 | €109,895 | €103,805 | -€6,089 | -5.5% |
| Equity | 10/15 | €25,746 | €32,642 | +€6,897 | +26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,859 | €25,755 | +€6,897 | +36.6% |
| Distributable reserves | 133 | €18,859 | €25,755 | +€6,897 | +36.6% |
| Profit (loss) carried forward | 14 | €1,887 | €1,887 | = | 0.0% |
| Amounts payable | 17/49 | €84,149 | €71,163 | -€12,986 | -15.4% |
| Amounts payable after more than one year | 17 | €31,314 | €23,566 | -€7,748 | -24.7% |
| Financial debts | 170/4 | €31,314 | €23,566 | -€7,748 | -24.7% |
| Amounts payable within one year | 42/48 | €52,835 | €47,597 | -€5,238 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €7,468 | €7,748 | +€280 | +3.8% |
| Trade debts | 44 | €1,175 | €3,721 | +€2,546 | +217% |
| Suppliers | 440/4 | €1,175 | €3,721 | +€2,546 | +217% |
| Taxes, remuneration and social security | 45 | €7,317 | €11,128 | +€3,811 | +52.1% |
| Taxes | 450/3 | €7,317 | €11,128 | +€3,811 | +52.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,876 | €25,000 | -€11,876 | -32.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,386 | €23,188 | +€7,802 | +50.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,177 | €1,690 | +€513 | +43.6% |
| Gross operating margin | 9900 | €42,030 | €35,576 | -€6,454 | -15.4% |
| Operating profit (loss) | 9901 | €25,468 | €10,698 | -€14,770 | -58.0% |
| Financial income | 75/76B | €1 | €287 | +€286 | +53,000% |
| Recurring financial income | 75 | €1 | €287 | +€286 | +53,000% |
| Financial charges | 65/66B | €495 | €1,581 | +€1,086 | +219% |
| Recurring financial charges | 65 | €495 | €1,581 | +€1,086 | +219% |
| Profit (loss) for the period before taxes | 9903 | €24,973 | €9,404 | -€15,569 | -62.3% |
| Income taxes | 67/77 | €6,115 | €2,508 | -€3,607 | -59.0% |
| Profit (loss) for the period | 9904 | €18,859 | €6,897 | -€11,962 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,859 | €6,897 | -€11,962 | -63.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.