VAN DE BRUL: 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 DE BRUL
Largest movements
- Tangible fixed assets -€15,736
down €15,736 (-50.8%), from €30,974 to €15,238
of which Furniture and vehicles: -€15,189
- Cash +€13,797
up €13,797 (+5.1%), from €268,260 to €282,057
mainly Depreciation (+€15,736) and Receivables within one year (+€4,362)
- Receivables within one year -€4,362
down €4,362 (-12.9%), from €33,778 to €29,416
of which Other amounts receivable: -€13,893
- Reserves -€5,759
down €5,759 (-1.9%), from €297,971 to €292,212
- Trade debts +€4,360
up €4,360 (+425.4%), from €1,025 to €5,385
- Financial income -€6,841
down €6,841 (-99.7%), from €6,859 to €18
of which Non-recurring financial income: -€6,840
- Taxes -€2,826
no longer reported in 2025 (was €2,826)
- Gross operating margin +€1,551
up €1,551 (+16.4%), from €9,466 to €11,017
- Depreciation -€208
down €208 (-1.3%), from €15,944 to €15,736
- Financial charges -€126
down €126 (-13.3%), from €948 to €822
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 | €333,248 | €327,879 | -€5,369 | -1.6% |
| Fixed assets | 21/28 | €30,974 | €15,238 | -€15,736 | -50.8% |
| Tangible fixed assets | 22/27 | €30,974 | €15,238 | -€15,736 | -50.8% |
| Plant, machinery and equipment | 23 | €643 | €96 | -€547 | -85.1% |
| Furniture and vehicles | 24 | €30,331 | €15,142 | -€15,189 | -50.1% |
| Current assets | 29/58 | €302,274 | €312,641 | +€10,367 | +3.4% |
| Stocks and contracts in progress | 3 | €236 | €1,168 | +€932 | +394.9% |
| Stocks | 30/36 | €236 | €1,168 | +€932 | +394.9% |
| Amounts receivable within one year | 40/41 | €33,778 | €29,416 | -€4,362 | -12.9% |
| Trade receivables | 40 | €3,912 | €13,443 | +€9,531 | +243.6% |
| Other amounts receivable | 41 | €29,866 | €15,973 | -€13,893 | -46.5% |
| Cash at bank and in hand | 54/58 | €268,260 | €282,057 | +€13,797 | +5.1% |
| Total equity and liabilities | 10/49 | €333,248 | €327,879 | -€5,369 | -1.6% |
| Equity | 10/15 | €316,571 | €310,812 | -€5,759 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €297,971 | €292,212 | -€5,759 | -1.9% |
| Distributable reserves | 133 | €297,971 | €292,212 | -€5,759 | -1.9% |
| Amounts payable | 17/49 | €16,677 | €17,067 | +€390 | +2.3% |
| Amounts payable within one year | 42/48 | €15,967 | €17,067 | +€1,100 | +6.9% |
| Financial debts | 43 | €636 | €547 | -€89 | -14.0% |
| Credit institutions | 430/8 | €636 | €547 | -€89 | -14.0% |
| Trade debts | 44 | €1,025 | €5,385 | +€4,360 | +425.4% |
| Suppliers | 440/4 | €1,025 | €5,385 | +€4,360 | +425.4% |
| Taxes, remuneration and social security | 45 | €3,115 | €235 | -€2,880 | -92.5% |
| Taxes | 450/3 | €273 | €235 | -€38 | -13.9% |
| Remuneration and social security | 454/9 | €2,842 | - | -€2,842 | |
| Other amounts payable | 47/48 | €11,191 | €10,900 | -€291 | -2.6% |
| Accrued charges and deferred income | 492/3 | €710 | - | -€710 | |
| Remuneration, social security and pensions | 62 | €6 | - | -€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,944 | €15,736 | -€208 | -1.3% |
| Other operating charges | 640/8 | €346 | €236 | -€110 | -31.8% |
| Gross operating margin | 9900 | €9,466 | €11,017 | +€1,551 | +16.4% |
| Operating profit (loss) | 9901 | -€6,830 | -€4,955 | +€1,875 | +27.5% |
| Financial income | 75/76B | €6,859 | €18 | -€6,841 | -99.7% |
| Recurring financial income | 75 | €19 | €18 | -€1 | -5.3% |
| Non-recurring financial income | 76B | €6,840 | - | -€6,840 | |
| Financial charges | 65/66B | €948 | €822 | -€126 | -13.3% |
| Recurring financial charges | 65 | €948 | €822 | -€126 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€919 | -€5,759 | -€4,840 | -526.7% |
| Income taxes | 67/77 | €2,826 | - | -€2,826 | |
| Profit (loss) for the period | 9904 | -€3,745 | -€5,759 | -€2,014 | -53.8% |
| Transfer from tax-exempt reserves | 789 | €10,667 | - | -€10,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | -€5,759 | -€12,681 |
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 8 October 2026 via checked.be.