Vincent Brunin: 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.
Vincent Brunin
Largest movements
- Current investments +€72,600
up €72,600 (+344.5%), from €21,072 to €93,672
- Receivables within one year +€68,830
up €68,830 (+6679.9%), from €1,030 to €69,861
of which Other amounts receivable: +€57,028
- Deferred charges and accrued income +€6,053
up €6,053 (+123.7%), from €4,895 to €10,948
- Tangible fixed assets +€4,639
up €4,639 (+437.0%), from €1,062 to €5,701
of which Furniture and vehicles: +€4,886
- Cash -€3,916
down €3,916 (-3.7%), from €105,323 to €101,407
mainly Current investments (-€72,600) and Receivables within one year (-€68,830)
- Profit (loss) carried forward +€127,328
up €127,328 (+84.0%), from €151,587 to €278,915
- Tax, wage and social debts +€24,902
up €24,902 (+41.2%), from €60,492 to €85,395
- Gross operating margin +€20,566
up €20,566 (+14.8%), from €138,874 to €159,439
- Taxes +€5,920
up €5,920 (+19.2%), from €30,757 to €36,678
- Financial income +€3,625
up €3,625 (+95.1%), from €3,810 to €7,436
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 | €223,382 | €371,589 | +€148,207 | +66.3% |
| Fixed assets | 21/28 | €1,062 | €5,701 | +€4,639 | +437.0% |
| Tangible fixed assets | 22/27 | €1,062 | €5,701 | +€4,639 | +437.0% |
| Furniture and vehicles | 24 | - | €4,886 | +€4,886 | |
| Other tangible fixed assets | 26 | €1,062 | €815 | -€246 | -23.2% |
| Current assets | 29/58 | €222,320 | €365,887 | +€143,567 | +64.6% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,030 | €69,861 | +€68,830 | +6679.9% |
| Trade receivables | 40 | €1,030 | €12,832 | +€11,802 | +1145.4% |
| Other amounts receivable | 41 | - | €57,028 | +€57,028 | |
| Current investments | 50/53 | €21,072 | €93,672 | +€72,600 | +344.5% |
| Cash at bank and in hand | 54/58 | €105,323 | €101,407 | -€3,916 | -3.7% |
| Deferred charges and accrued income | 490/1 | €4,895 | €10,948 | +€6,053 | +123.7% |
| Total equity and liabilities | 10/49 | €223,382 | €371,589 | +€148,207 | +66.3% |
| Equity | 10/15 | €156,587 | €283,915 | +€127,328 | +81.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,587 | €278,915 | +€127,328 | +84.0% |
| Amounts payable | 17/49 | €66,795 | €87,673 | +€20,879 | +31.3% |
| Amounts payable within one year | 42/48 | €66,795 | €87,673 | +€20,879 | +31.3% |
| Trade debts | 44 | €4,579 | €2,279 | -€2,301 | -50.2% |
| Suppliers | 440/4 | €4,579 | €2,279 | -€2,301 | -50.2% |
| Taxes, remuneration and social security | 45 | €60,492 | €85,395 | +€24,902 | +41.2% |
| Taxes | 450/3 | €60,492 | €85,395 | +€24,902 | +41.2% |
| Other amounts payable | 47/48 | €1,723 | €0 | -€1,723 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €989 | +€820 | +483.3% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €138,874 | €159,439 | +€20,566 | +14.8% |
| Operating profit (loss) | 9901 | €138,641 | €158,450 | +€19,810 | +14.3% |
| Financial income | 75/76B | €3,810 | €7,436 | +€3,625 | +95.1% |
| Recurring financial income | 75 | €3,810 | €7,436 | +€3,625 | +95.1% |
| Financial charges | 65/66B | €2,505 | €1,880 | -€625 | -24.9% |
| Recurring financial charges | 65 | €2,505 | €1,880 | -€625 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €139,946 | €164,006 | +€24,060 | +17.2% |
| Income taxes | 67/77 | €30,757 | €36,678 | +€5,920 | +19.2% |
| Profit (loss) for the period | 9904 | €109,189 | €127,328 | +€18,139 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €109,189 | €127,328 | +€18,139 | +16.6% |
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.