VAN BREUGEL: 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.
VAN BREUGEL
Largest movements
- Cash -€20,733
down €20,733 (-11.9%), from €173,656 to €152,923
mainly Contributions, distributions and other (-€70,212) and Deferred charges and accrued income (-€1,313)
- Reserves -€30,082
down €30,082 (-14.1%), from €213,269 to €183,187
- Other debts +€4,939
up €4,939 (+7.0%), from €70,296 to €75,235
- Tax, wage and social debts +€3,103
up €3,103 (+184.0%), from €1,686 to €4,790
- Financial charges -€3,400
down €3,400 (-55.3%), from €6,143 to €2,744
- Depreciation -€2,728
down €2,728 (-89.9%), from €3,035 to €307
- Taxes +€2,159
up €2,159 (+13.2%), from €16,388 to €18,547
- Gross operating margin +€645
up €645 (+1.1%), from €59,891 to €60,536
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.
Cash bridge derived
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 | €301,432 | €281,410 | -€20,022 | -6.6% |
| Fixed assets | 21/28 | €1,433 | €1,127 | -€307 | -21.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,433 | €1,127 | -€307 | -21.4% |
| Plant, machinery and equipment | 23 | €1,433 | €1,127 | -€307 | -21.4% |
| Current assets | 29/58 | €299,998 | €280,283 | -€19,715 | -6.6% |
| Amounts receivable within one year | 40/41 | €9,269 | €8,975 | -€294 | -3.2% |
| Trade receivables | 40 | €6,050 | €8,246 | +€2,196 | +36.3% |
| Other amounts receivable | 41 | €3,219 | €729 | -€2,490 | -77.3% |
| Current investments | 50/53 | €117,073 | €117,073 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €173,656 | €152,923 | -€20,733 | -11.9% |
| Deferred charges and accrued income | 490/1 | - | €1,313 | +€1,313 | |
| Total equity and liabilities | 10/49 | €301,432 | €281,410 | -€20,022 | -6.6% |
| Equity | 10/15 | €229,449 | €199,367 | -€30,082 | -13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,269 | €183,187 | -€30,082 | -14.1% |
| Distributable reserves | 133 | €213,269 | €183,187 | -€30,082 | -14.1% |
| Profit (loss) carried forward | 14 | €9,980 | €9,980 | = | 0.0% |
| Amounts payable | 17/49 | €71,983 | €82,043 | +€10,060 | +14.0% |
| Amounts payable within one year | 42/48 | €71,983 | €82,043 | +€10,060 | +14.0% |
| Trade debts | 44 | €0 | €2,017 | +€2,017 | |
| Suppliers | 440/4 | €0 | €2,017 | +€2,017 | |
| Taxes, remuneration and social security | 45 | €1,686 | €4,790 | +€3,103 | +184.0% |
| Taxes | 450/3 | €1,686 | €4,790 | +€3,103 | +184.0% |
| Other amounts payable | 47/48 | €70,296 | €75,235 | +€4,939 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,035 | €307 | -€2,728 | -89.9% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €59,891 | €60,536 | +€645 | +1.1% |
| Operating profit (loss) | 9901 | €56,715 | €60,085 | +€3,370 | +5.9% |
| Financial income | 75/76B | €881 | €1,337 | +€456 | +51.8% |
| Recurring financial income | 75 | €881 | €1,337 | +€456 | +51.8% |
| Financial charges | 65/66B | €6,143 | €2,744 | -€3,400 | -55.3% |
| Recurring financial charges | 65 | €6,143 | €2,744 | -€3,400 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €51,453 | €58,678 | +€7,226 | +14.0% |
| Income taxes | 67/77 | €16,388 | €18,547 | +€2,159 | +13.2% |
| Profit (loss) for the period | 9904 | €35,064 | €40,131 | +€5,067 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,064 | €40,131 | +€5,067 | +14.4% |
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 11 October 2026 via checked.be.