LE BRUN-AMIEL: 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.
LE BRUN-AMIEL
Largest movements
- Tangible fixed assets +€285,071
up €285,071 (+50.6%), from €563,500 to €848,571
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Receivables within one year +€25,951
up €25,951 (+3.3%), from €796,207 to €822,157
of which Other amounts receivable: +€30,121
- Cash -€22,051
down €22,051 (-75.6%), from €29,178 to €7,128
mainly Investment in fixed assets (net) (-€333,575) and Net result for the year (-€41,104)
- Debts after one year +€151,719
up €151,719 (+66.1%), from €229,492 to €381,212
- Trade debts +€109,337
up €109,337 (+5,283%), from €2,070 to €111,406
- Profit (loss) carried forward -€25,927
down €25,927 (-34.3%), from €75,489 to €49,562
- Depreciation +€30,950
up €30,950 (+176%), from €17,554 to €48,504
- Other operating charges -€12,758
down €12,758 (-70.4%), from €18,113 to €5,355
- Financial charges +€10,425
up €10,425 (+81.6%), from €12,771 to €23,196
- Gross operating margin -€5,236
down €5,236 (-40.3%), from €12,992 to €7,757
- Taxes -€805
no longer reported in 2025 (was €805)
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 | €1,492,217 | €1,710,822 | +€218,605 | +14.6% |
| Fixed assets | 21/28 | €576,000 | €861,071 | +€285,071 | +49.5% |
| Tangible fixed assets | 22/27 | €563,500 | €848,571 | +€285,071 | +50.6% |
| Land and buildings | 22 | €563,500 | €848,571 | +€285,071 | +50.6% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €916,218 | €849,752 | -€66,466 | -7.3% |
| Amounts receivable within one year | 40/41 | €796,207 | €822,157 | +€25,951 | +3.3% |
| Trade receivables | 40 | €4,170 | - | -€4,170 | |
| Other amounts receivable | 41 | €792,036 | €822,157 | +€30,121 | +3.8% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €29,178 | €7,128 | -€22,051 | -75.6% |
| Deferred charges and accrued income | 490/1 | €20,833 | €20,467 | -€366 | -1.8% |
| Total equity and liabilities | 10/49 | €1,492,217 | €1,710,822 | +€218,605 | +14.6% |
| Equity | 10/15 | €925,945 | €884,841 | -€41,104 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €844,257 | €829,079 | -€15,178 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €392,397 | €377,219 | -€15,178 | -3.9% |
| Distributable reserves | 133 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,489 | €49,562 | -€25,927 | -34.3% |
| Provisions and deferred taxes | 16 | €163,423 | €157,157 | -€6,266 | -3.8% |
| Deferred taxes | 168 | €163,423 | €157,157 | -€6,266 | -3.8% |
| Amounts payable | 17/49 | €402,849 | €668,824 | +€265,975 | +66.0% |
| Amounts payable after more than one year | 17 | €229,492 | €381,212 | +€151,719 | +66.1% |
| Financial debts | 170/4 | €229,492 | €381,212 | +€151,719 | +66.1% |
| Amounts payable within one year | 42/48 | €173,356 | €287,177 | +€113,821 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | €15,468 | €24,771 | +€9,302 | +60.1% |
| Financial debts | 43 | €151,000 | €151,000 | = | 0.0% |
| Credit institutions | 430/8 | €151,000 | €151,000 | = | 0.0% |
| Trade debts | 44 | €2,070 | €111,406 | +€109,337 | +5,283% |
| Suppliers | 440/4 | €2,070 | €111,406 | +€109,337 | +5,283% |
| Taxes, remuneration and social security | 45 | €2,818 | - | -€2,818 | |
| Taxes | 450/3 | €2,818 | - | -€2,818 | |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | - | €435 | +€435 | |
| Non-recurring operating income | 76A | - | €5,312 | +€5,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,554 | €48,504 | +€30,950 | +176% |
| Other operating charges | 640/8 | €18,113 | €5,355 | -€12,758 | -70.4% |
| Gross operating margin | 9900 | €12,992 | €7,757 | -€5,236 | -40.3% |
| Operating profit (loss) | 9901 | -€22,674 | -€46,102 | -€23,428 | -103% |
| Financial income | 75/76B | €22,291 | €21,928 | -€363 | -1.6% |
| Recurring financial income | 75 | €22,291 | €21,928 | -€363 | -1.6% |
| Financial charges | 65/66B | €12,771 | €23,196 | +€10,425 | +81.6% |
| Recurring financial charges | 65 | €12,771 | €23,196 | +€10,425 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,154 | -€47,371 | -€34,216 | -260% |
| Transfer from deferred taxes | 780 | €4,448 | €6,266 | +€1,819 | +40.9% |
| Income taxes | 67/77 | €805 | - | -€805 | |
| Profit (loss) for the period | 9904 | -€9,512 | -€41,104 | -€31,593 | -332% |
| Transfer from tax-exempt reserves | 789 | €9,573 | €15,178 | +€5,604 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61 | -€25,927 | -€25,988 |
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 29 October 2026 via checked.be.