BRIDLED: 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.
BRIDLED
Largest movements
- Cash -€26,834
down €26,834 (-42.5%), from €63,172 to €36,338
- Tangible fixed assets +€18,368
up €18,368 (+7.5%), from €244,605 to €262,973
of which Assets under construction and advance payments: +€25,002
- Reserves -€25,298
down €25,298 (-10.6%), from €239,109 to €213,811
of which Distributable reserves: -€25,298
- Other debts +€9,936
up €9,936 (+73.6%), from €13,501 to €23,437
- Trade debts +€4,701
up €4,701 (+183%), from €2,573 to €7,273
- Gross operating margin -€1,909
down €1,909 (-28.0%), from -€6,819 to -€8,728
- Other operating charges +€768
up €768 (+83.7%), from €918 to €1,686
- Depreciation +€366
up €366 (+1,207%), from €30 to €397
- Financial income +€324
up €324 (+98.3%), from €330 to €654
- Financial charges -€295
down €295 (-80.9%), from €364 to €70
From the 2024 result to the 2026 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,863 | €306,156 | -€10,707 | -3.4% |
| Fixed assets | 21/28 | €245,299 | €263,667 | +€18,368 | +7.5% |
| Tangible fixed assets | 22/27 | €244,605 | €262,973 | +€18,368 | +7.5% |
| Land and buildings | 22 | €239,673 | €234,108 | -€5,565 | -2.3% |
| Plant, machinery and equipment | 23 | €4,932 | €3,864 | -€1,068 | -21.6% |
| Assets under construction and advance payments | 27 | - | €25,002 | +€25,002 | |
| Financial fixed assets | 28 | €694 | €694 | = | 0.0% |
| Current assets | 29/58 | €71,565 | €42,489 | -€29,076 | -40.6% |
| Amounts receivable within one year | 40/41 | €6,271 | €3,504 | -€2,767 | -44.1% |
| Trade receivables | 40 | €3,978 | - | -€3,978 | |
| Other amounts receivable | 41 | €2,293 | €3,504 | +€1,211 | +52.8% |
| Cash at bank and in hand | 54/58 | €63,172 | €36,338 | -€26,834 | -42.5% |
| Deferred charges and accrued income | 490/1 | €2,121 | €2,646 | +€525 | +24.7% |
| Total equity and liabilities | 10/49 | €316,863 | €306,156 | -€10,707 | -3.4% |
| Equity | 10/15 | €300,609 | €275,311 | -€25,298 | -8.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €239,109 | €213,811 | -€25,298 | -10.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €232,959 | €207,661 | -€25,298 | -10.9% |
| Amounts payable | 17/49 | €16,254 | €30,845 | +€14,591 | +89.8% |
| Amounts payable within one year | 42/48 | €16,254 | €30,845 | +€14,591 | +89.8% |
| Trade debts | 44 | €2,573 | €7,273 | +€4,701 | +183% |
| Suppliers | 440/4 | €2,573 | €7,273 | +€4,701 | +183% |
| Taxes, remuneration and social security | 45 | €181 | €135 | -€46 | -25.3% |
| Taxes | 450/3 | €181 | €135 | -€46 | -25.3% |
| Other amounts payable | 47/48 | €13,501 | €23,437 | +€9,936 | +73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | €397 | +€366 | +1,207% |
| Other operating charges | 640/8 | €918 | €1,686 | +€768 | +83.7% |
| Gross operating margin | 9900 | -€6,819 | -€8,728 | -€1,909 | -28.0% |
| Operating profit (loss) | 9901 | -€7,767 | -€10,811 | -€3,044 | -39.2% |
| Financial income | 75/76B | €330 | €654 | +€324 | +98.3% |
| Recurring financial income | 75 | €330 | €654 | +€324 | +98.3% |
| Financial charges | 65/66B | €364 | €70 | -€295 | -80.9% |
| Recurring financial charges | 65 | €364 | €70 | -€295 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,802 | -€10,226 | -€2,424 | -31.1% |
| Income taxes | 67/77 | €163 | €233 | +€70 | +43.2% |
| Profit (loss) for the period | 9904 | -€7,964 | -€10,459 | -€2,495 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,964 | -€10,459 | -€2,495 | -31.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.