VAN BRUSSELEN: what changed
Two fiscal 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 BRUSSELEN
Largest movements
- Cash -€277,892
down €277,892 (-13.1%), from €2.1m to €1.8m
mainly Other debts (-€313,417) and Investment in fixed assets (net) (-€100,303)
- Receivables within one year +€33,755
up €33,755 (+272.2%), from €12,399 to €46,154
of which Other amounts receivable: +€29,908
- Other debts -€313,417
down €313,417 (-81.1%), from €386,417 to €73,000
- Reserves +€100,121
up €100,121 (+7.8%), from €1.3m to €1.4m
of which Distributable reserves: +€100,121
- Tax, wage and social debts -€38,530
down €38,530 (-52.5%), from €73,426 to €34,896
of which Taxes: -€40,838
- Gross operating margin -€134,158
down €134,158 (-16.2%), from €829,051 to €694,893
- Taxes -€55,935
down €55,935 (-40.9%), from €136,714 to €80,779
- Staff costs +€30,220
up €30,220 (+10.5%), from €288,290 to €318,509
- Depreciation +€9,290
up €9,290 (+12.7%), from €73,404 to €82,694
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 | €2,538,057 | €2,292,355 | -€245,702 | -9.7% |
| Fixed assets | 21/28 | €348,542 | €366,151 | +€17,609 | +5.1% |
| Tangible fixed assets | 22/27 | €348,542 | €366,151 | +€17,609 | +5.1% |
| Land and buildings | 22 | €78,108 | €78,108 | = | 0.0% |
| Plant, machinery and equipment | 23 | €266,792 | €286,157 | +€19,364 | +7.3% |
| Furniture and vehicles | 24 | €3,642 | €1,886 | -€1,755 | -48.2% |
| Current assets | 29/58 | €2,189,515 | €1,926,204 | -€263,311 | -12.0% |
| Stocks and contracts in progress | 3 | €36,375 | €28,942 | -€7,433 | -20.4% |
| Stocks | 30/36 | €36,375 | €28,942 | -€7,433 | -20.4% |
| Amounts receivable within one year | 40/41 | €12,399 | €46,154 | +€33,755 | +272.2% |
| Trade receivables | 40 | €2,549 | €6,396 | +€3,847 | +150.9% |
| Other amounts receivable | 41 | €9,850 | €39,758 | +€29,908 | +303.6% |
| Cash at bank and in hand | 54/58 | €2,119,353 | €1,841,460 | -€277,892 | -13.1% |
| Deferred charges and accrued income | 490/1 | €21,388 | €9,647 | -€11,741 | -54.9% |
| Total equity and liabilities | 10/49 | €2,538,057 | €2,292,355 | -€245,702 | -9.7% |
| Equity | 10/15 | €1,903,662 | €2,003,783 | +€100,121 | +5.3% |
| Contributions | 10/11 | €620,745 | €620,745 | = | 0.0% |
| Capital | 10 | €620,745 | €620,745 | = | 0.0% |
| Issued capital | 100 | €620,745 | €620,745 | = | 0.0% |
| Reserves | 13 | €1,282,917 | €1,383,038 | +€100,121 | +7.8% |
| Non-distributable reserves | 130/1 | €59,809 | €59,809 | = | 0.0% |
| Legal reserve | 130 | €59,809 | €59,809 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,166,858 | €1,266,979 | +€100,121 | +8.6% |
| Amounts payable | 17/49 | €634,395 | €288,572 | -€345,823 | -54.5% |
| Amounts payable within one year | 42/48 | €516,935 | €169,089 | -€347,846 | -67.3% |
| Trade debts | 44 | €57,093 | €61,193 | +€4,100 | +7.2% |
| Suppliers | 440/4 | €57,093 | €61,193 | +€4,100 | +7.2% |
| Taxes, remuneration and social security | 45 | €73,426 | €34,896 | -€38,530 | -52.5% |
| Taxes | 450/3 | €44,223 | €3,385 | -€40,838 | -92.3% |
| Remuneration and social security | 454/9 | €29,203 | €31,511 | +€2,308 | +7.9% |
| Other amounts payable | 47/48 | €386,417 | €73,000 | -€313,417 | -81.1% |
| Accrued charges and deferred income | 492/3 | €117,460 | €119,483 | +€2,024 | +1.7% |
| Remuneration, social security and pensions | 62 | €288,290 | €318,509 | +€30,220 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,404 | €82,694 | +€9,290 | +12.7% |
| Other operating charges | 640/8 | €38,262 | €39,307 | +€1,044 | +2.7% |
| Gross operating margin | 9900 | €829,051 | €694,893 | -€134,158 | -16.2% |
| Operating profit (loss) | 9901 | €429,095 | €254,383 | -€174,712 | -40.7% |
| Financial income | 75/76B | €1,378 | €1,831 | +€453 | +32.9% |
| Recurring financial income | 75 | €1,378 | €1,756 | +€378 | +27.4% |
| Non-recurring financial income | 76B | - | €75 | +€75 | |
| Financial charges | 65/66B | €2,330 | €2,314 | -€17 | -0.7% |
| Recurring financial charges | 65 | €2,330 | €2,314 | -€17 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €428,143 | €253,900 | -€174,243 | -40.7% |
| Income taxes | 67/77 | €136,714 | €80,779 | -€55,935 | -40.9% |
| Profit (loss) for the period | 9904 | €291,428 | €173,121 | -€118,308 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €291,428 | €173,121 | -€118,308 | -40.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.