KANTOOR DE BRUYN: 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.
KANTOOR DE BRUYN
Largest movements
- Cash +€146,667
up €146,667 (+109%), from €134,624 to €281,291
mainly Net result for the year (+€155,975) and Depreciation (+€95,020)
- Intangible fixed assets -€73,707
down €73,707 (-17.7%), from €415,817 to €342,110
- Tangible fixed assets -€19,914
down €19,914 (-38.1%), from €52,282 to €32,368
of which Furniture and vehicles: -€15,017
- Receivables within one year -€11,245
no longer reported in 2025 (was €11,245)
- Debts after one year -€83,936
down €83,936 (-22.2%), from €377,766 to €293,830
- Reserves +€50,975
up €50,975 (+22.0%), from €231,782 to €282,757
- Tax, wage and social debts +€40,912
up €40,912 (+158%), from €25,926 to €66,839
of which Taxes: +€40,130
- Other debts +€33,908
up €33,908 (+305%), from €11,100 to €45,008
- Gross operating margin +€72,442
up €72,442 (+24.4%), from €296,937 to €369,380
- Taxes +€18,248
up €18,248 (+45.3%), from €40,245 to €58,493
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 | €795,705 | €844,438 | +€48,733 | +6.1% |
| Fixed assets | 21/28 | €468,099 | €374,478 | -€93,621 | -20.0% |
| Intangible fixed assets | 21 | €415,817 | €342,110 | -€73,707 | -17.7% |
| Tangible fixed assets | 22/27 | €52,282 | €32,368 | -€19,914 | -38.1% |
| Plant, machinery and equipment | 23 | €1,395 | €807 | -€588 | -42.2% |
| Furniture and vehicles | 24 | €37,903 | €22,886 | -€15,017 | -39.6% |
| Other tangible fixed assets | 26 | €12,984 | €8,675 | -€4,309 | -33.2% |
| Current assets | 29/58 | €327,606 | €469,961 | +€142,355 | +43.5% |
| Amounts receivable within one year | 40/41 | €11,245 | - | -€11,245 | |
| Other amounts receivable | 41 | €11,245 | - | -€11,245 | |
| Current investments | 50/53 | €125,006 | €125,006 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €134,624 | €281,291 | +€146,667 | +109% |
| Deferred charges and accrued income | 490/1 | €56,731 | €63,663 | +€6,933 | +12.2% |
| Total equity and liabilities | 10/49 | €795,705 | €844,438 | +€48,733 | +6.1% |
| Equity | 10/15 | €291,782 | €342,757 | +€50,975 | +17.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €231,782 | €282,757 | +€50,975 | +22.0% |
| Distributable reserves | 133 | €231,782 | €282,757 | +€50,975 | +22.0% |
| Amounts payable | 17/49 | €503,923 | €501,681 | -€2,242 | -0.4% |
| Amounts payable after more than one year | 17 | €377,766 | €293,830 | -€83,936 | -22.2% |
| Financial debts | 170/4 | €377,766 | €293,830 | -€83,936 | -22.2% |
| Amounts payable within one year | 42/48 | €126,157 | €200,396 | +€74,239 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €76,422 | €80,234 | +€3,812 | +5.0% |
| Trade debts | 44 | €12,709 | €8,316 | -€4,393 | -34.6% |
| Suppliers | 440/4 | €12,709 | €8,316 | -€4,393 | -34.6% |
| Taxes, remuneration and social security | 45 | €25,926 | €66,839 | +€40,912 | +158% |
| Taxes | 450/3 | €19,492 | €59,622 | +€40,130 | +206% |
| Remuneration and social security | 454/9 | €6,434 | €7,216 | +€782 | +12.2% |
| Other amounts payable | 47/48 | €11,100 | €45,008 | +€33,908 | +305% |
| Accrued charges and deferred income | 492/3 | - | €7,455 | +€7,455 | |
| Remuneration, social security and pensions | 62 | €53,932 | €54,673 | +€741 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,683 | €95,020 | -€662 | -0.7% |
| Other operating charges | 640/8 | €963 | €997 | +€34 | +3.5% |
| Gross operating margin | 9900 | €296,937 | €369,380 | +€72,442 | +24.4% |
| Operating profit (loss) | 9901 | €146,360 | €218,689 | +€72,329 | +49.4% |
| Financial income | 75/76B | €843 | €1,245 | +€403 | +47.8% |
| Recurring financial income | 75 | €843 | €1,245 | +€403 | +47.8% |
| Financial charges | 65/66B | €6,527 | €5,466 | -€1,061 | -16.2% |
| Recurring financial charges | 65 | €6,527 | €5,466 | -€1,061 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €140,675 | €214,468 | +€73,793 | +52.5% |
| Income taxes | 67/77 | €40,245 | €58,493 | +€18,248 | +45.3% |
| Profit (loss) for the period | 9904 | €100,431 | €155,975 | +€55,544 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,431 | €155,975 | +€55,544 | +55.3% |
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 31 October 2026 via checked.be.