VAN DEN BRUEL: 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 DEN BRUEL
Largest movements
- Cash +€54,858
up €54,858 (+2,339%), from €2,345 to €57,203
mainly Debts after one year (+€52,047) and Current portion of long-term debt (+€36,395)
- Debts after one year +€52,047
new in 2025: €52,047
- Current portion of long-term debt +€36,395
new in 2025: €36,395
- Other debts -€29,160
down €29,160 (-98.9%), from €29,473 to €313
- Trade debts -€10,609
down €10,609 (-67.2%), from €15,785 to €5,176
- Profit (loss) carried forward +€6,467
up €6,467 (+13.9%), from €46,403 to €52,870
- Taxes -€13,159
down €13,159 (-70.1%), from €18,776 to €5,617
- Staff costs +€10,319
up €10,319 (+9.6%), from €107,597 to €117,916
- Gross operating margin -€5,996
down €5,996 (-4.3%), from €139,833 to €133,837
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 | €489,922 | €543,117 | +€53,195 | +10.9% |
| Fixed assets | 21/28 | €337,594 | €335,051 | -€2,543 | -0.8% |
| Intangible fixed assets | 21 | €57,000 | €57,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,594 | €5,051 | -€2,543 | -33.5% |
| Plant, machinery and equipment | 23 | €1,281 | - | -€1,281 | |
| Other tangible fixed assets | 26 | €6,314 | €5,051 | -€1,263 | -20.0% |
| Financial fixed assets | 28 | €273,000 | €273,000 | = | 0.0% |
| Current assets | 29/58 | €152,327 | €208,066 | +€55,739 | +36.6% |
| Amounts receivable within one year | 40/41 | €64,982 | €65,863 | +€881 | +1.4% |
| Trade receivables | 40 | €64,982 | €65,863 | +€881 | +1.4% |
| Current investments | 50/53 | €85,000 | €85,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,345 | €57,203 | +€54,858 | +2,339% |
| Total equity and liabilities | 10/49 | €489,922 | €543,117 | +€53,195 | +10.9% |
| Equity | 10/15 | €278,071 | €284,538 | +€6,467 | +2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €213,076 | €213,076 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,860 | €86,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €85,000 | €85,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,909 | €52,909 | = | 0.0% |
| Distributable reserves | 133 | €73,307 | €73,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,403 | €52,870 | +€6,467 | +13.9% |
| Amounts payable | 17/49 | €211,850 | €258,579 | +€46,729 | +22.1% |
| Amounts payable after more than one year | 17 | - | €52,047 | +€52,047 | |
| Other amounts payable | 178/9 | - | €52,047 | +€52,047 | |
| Amounts payable within one year | 42/48 | €69,350 | €64,032 | -€5,318 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | - | €36,395 | +€36,395 | |
| Trade debts | 44 | €15,785 | €5,176 | -€10,609 | -67.2% |
| Suppliers | 440/4 | €15,785 | €5,176 | -€10,609 | -67.2% |
| Taxes, remuneration and social security | 45 | €24,093 | €22,148 | -€1,945 | -8.1% |
| Taxes | 450/3 | €9,080 | €5,617 | -€3,463 | -38.1% |
| Remuneration and social security | 454/9 | €15,012 | €16,531 | +€1,518 | +10.1% |
| Other amounts payable | 47/48 | €29,473 | €313 | -€29,160 | -98.9% |
| Accrued charges and deferred income | 492/3 | €142,500 | €142,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €107,597 | €117,916 | +€10,319 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,558 | €2,543 | -€1,014 | -28.5% |
| Other operating charges | 640/8 | €700 | €707 | +€7 | +1.0% |
| Gross operating margin | 9900 | €139,833 | €133,837 | -€5,996 | -4.3% |
| Operating profit (loss) | 9901 | €27,978 | €12,671 | -€15,308 | -54.7% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,748 | €587 | -€1,161 | -66.4% |
| Recurring financial charges | 65 | €1,748 | €587 | -€1,161 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €26,240 | €12,084 | -€14,156 | -53.9% |
| Income taxes | 67/77 | €18,776 | €5,617 | -€13,159 | -70.1% |
| Profit (loss) for the period | 9904 | €7,464 | €6,467 | -€997 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,464 | €6,467 | -€997 | -13.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.