't Brugsch Rattekot: what changed
What changed
't Brugsch Rattekot
filed annual accounts (NBB)
Net result for the year
-€20,322
2024 · -€3,870-€16,452
Equity
€232,067
2024 · €252,389-€20,322
Cash
€1,961
2024 · €4,163-€2,202
Balance sheet total
€3.1m
2024 · €1.4m+€1.7m
Largest movements
Assets
- Receivables within one year +€1.5m
up €1.5m (+25,390%), from €6,000 to €1.5m
- Tangible fixed assets +€208,058
up €208,058 (+14.9%), from €1.4m to €1.6m
Equity and liabilities
- Debts after one year +€1.7m
up €1.7m (+913%), from €185,697 to €1.9m
- Trade debts +€45,575
new in 2025: €45,575
- Other debts +€43,535
up €43,535 (+5.1%), from €857,131 to €900,666
Income statement
- Other operating charges +€26,017
up €26,017 (+2,280%), from €1,141 to €27,158
- Depreciation -€11,222
down €11,222 (-10.8%), from €104,178 to €92,956
- Financial charges +€3,906
up €3,906 (+37.0%), from €10,547 to €14,453
- Gross operating margin +€2,249
up €2,249 (+2.0%), from €111,996 to €114,245
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.
Result 2024
-€3,870
Gross operating margin
+€2,249
Depreciation
+€11,222
Other operating charges
-€26,017
Financial charges
-€3,906
Result 2025
-€20,322
raises the resultlowers the result
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.
From operations
-€1.4m
Investment
-€301,014
Financing
+€1.7m
Cash 2024
€4,163
From operations (derived)
-€1.4m
Net result for the year
-€20,322
Depreciation
+€92,956
Receivables within one year
-€1.5m
Trade debts
+€45,575
Tax, wage and social debts
-€20,000
Other debts
+€43,535
Accrued charges and deferred income
-€11,978
Investment (derived)
-€301,014
Investment in fixed assets (net)
-€301,014
Financing
+€1.7m
Debts after one year
+€1.7m
Current portion of long-term debt
-€2,776
Contributions, distributions and other
-€0
Cash 2025
€1,961
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,407,195 | €3,136,422 | +€1.7m | +123% |
| Fixed assets | 21/28 | €1,397,032 | €1,605,090 | +€208,058 | +14.9% |
| Tangible fixed assets | 22/27 | €1,397,032 | €1,605,090 | +€208,058 | +14.9% |
| Land and buildings | 22 | €1,397,032 | €1,605,090 | +€208,058 | +14.9% |
| Current assets | 29/58 | €10,163 | €1,531,332 | +€1.5m | +14,968% |
| Amounts receivable within one year | 40/41 | €6,000 | €1,529,371 | +€1.5m | +25,390% |
| Other amounts receivable | 41 | €6,000 | €1,529,371 | +€1.5m | +25,390% |
| Cash at bank and in hand | 54/58 | €4,163 | €1,961 | -€2,202 | -52.9% |
| Total equity and liabilities | 10/49 | €1,407,195 | €3,136,422 | +€1.7m | +123% |
| Equity | 10/15 | €252,389 | €232,067 | -€20,322 | -8.1% |
| Contributions | 10/11 | €256,880 | €256,880 | -€0 | 0.0% |
| Capital | 10 | €256,880 | €256,880 | -€0 | 0.0% |
| Issued capital | 100 | €256,880 | €256,880 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€4,491 | -€24,813 | -€20,322 | -452% |
| Amounts payable | 17/49 | €1,154,806 | €2,904,355 | +€1.7m | +152% |
| Amounts payable after more than one year | 17 | €185,697 | €1,880,890 | +€1.7m | +913% |
| Financial debts | 170/4 | €185,697 | €1,880,890 | +€1.7m | +913% |
| Amounts payable within one year | 42/48 | €957,131 | €1,023,465 | +€66,334 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €77,224 | -€2,776 | -3.5% |
| Trade debts | 44 | - | €45,575 | +€45,575 | |
| Suppliers | 440/4 | - | €45,575 | +€45,575 | |
| Taxes, remuneration and social security | 45 | €20,000 | €0 | -€20,000 | -100% |
| Taxes | 450/3 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts payable | 47/48 | €857,131 | €900,666 | +€43,535 | +5.1% |
| Accrued charges and deferred income | 492/3 | €11,978 | €0 | -€11,978 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,178 | €92,956 | -€11,222 | -10.8% |
| Other operating charges | 640/8 | €1,141 | €27,158 | +€26,017 | +2,280% |
| Gross operating margin | 9900 | €111,996 | €114,245 | +€2,249 | +2.0% |
| Operating profit (loss) | 9901 | €6,677 | -€5,869 | -€12,546 | |
| Financial charges | 65/66B | €10,547 | €14,453 | +€3,906 | +37.0% |
| Recurring financial charges | 65 | €10,547 | €14,453 | +€3,906 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,870 | -€20,322 | -€16,452 | -425% |
| Profit (loss) for the period | 9904 | -€3,870 | -€20,322 | -€16,452 | -425% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,870 | -€20,322 | -€16,452 | -425% |
Next steps
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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 5 November 2026 via checked.be.