de BRY: 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.
de BRY
Largest movements
- Stocks and contracts +€476,539
up €476,539 (+40.5%), from €1.2m to €1.7m
- Cash -€260,654
down €260,654 (-40.4%), from €645,974 to €385,320
mainly Stocks and contracts (-€476,539) and Investment in fixed assets (net) (-€335,938)
- Tangible fixed assets +€146,454
up €146,454 (+20.9%), from €701,365 to €847,819
- Receivables within one year -€61,058
down €61,058 (-12.2%), from €499,220 to €438,162
of which Trade receivables: -€127,763
- Current portion of long-term debt +€176,135
up €176,135 (+227%), from €77,627 to €253,762
- Debts after one year +€96,397
up €96,397 (+28.3%), from €340,200 to €436,597
- Trade debts +€94,967
up €94,967 (+13.2%), from €721,038 to €816,005
- Tax, wage and social debts -€58,249
down €58,249 (-40.2%), from €144,854 to €86,605
of which Taxes: -€65,096
- Staff costs +€177,973
up €177,973 (+35.1%), from €507,360 to €685,333
- Taxes -€53,423
down €53,423 (-76.4%), from €69,937 to €16,514
- Depreciation +€44,856
up €44,856 (+34.0%), from €132,015 to €176,871
- Gross operating margin +€24,044
up €24,044 (+2.7%), from €906,642 to €930,686
- Other operating charges -€17,007
down €17,007 (-43.8%), from €38,804 to €21,797
From the 2025 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
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,034,824 | €3,360,724 | +€325,900 | +10.7% |
| Fixed assets | 21/28 | €705,494 | €864,561 | +€159,067 | +22.5% |
| Intangible fixed assets | 21 | - | €12,613 | +€12,613 | |
| Tangible fixed assets | 22/27 | €701,365 | €847,819 | +€146,454 | +20.9% |
| Land and buildings | 22 | €483,170 | €499,462 | +€16,292 | +3.4% |
| Plant, machinery and equipment | 23 | €91,097 | €111,211 | +€20,114 | +22.1% |
| Furniture and vehicles | 24 | €70,937 | €142,153 | +€71,216 | +100% |
| Leasing and similar rights | 25 | €56,161 | €94,993 | +€38,832 | +69.1% |
| Financial fixed assets | 28 | €4,129 | €4,129 | -€0 | 0.0% |
| Current assets | 29/58 | €2,329,330 | €2,496,163 | +€166,833 | +7.2% |
| Stocks and contracts in progress | 3 | €1,176,549 | €1,653,088 | +€476,539 | +40.5% |
| Stocks | 30/36 | €1,176,549 | €1,653,088 | +€476,539 | +40.5% |
| Amounts receivable within one year | 40/41 | €499,220 | €438,162 | -€61,058 | -12.2% |
| Trade receivables | 40 | €439,489 | €311,726 | -€127,763 | -29.1% |
| Other amounts receivable | 41 | €59,731 | €126,436 | +€66,705 | +112% |
| Current investments | 50/53 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €645,974 | €385,320 | -€260,654 | -40.4% |
| Deferred charges and accrued income | 490/1 | €7,587 | €11,593 | +€4,006 | +52.8% |
| Total equity and liabilities | 10/49 | €3,034,824 | €3,360,724 | +€325,900 | +10.7% |
| Equity | 10/15 | €1,663,777 | €1,700,694 | +€36,917 | +2.2% |
| Contributions | 10/11 | €198,947 | €198,947 | +€0 | 0.0% |
| Capital | 10 | €198,947 | €198,947 | +€0 | 0.0% |
| Issued capital | 100 | €198,947 | €198,947 | +€0 | 0.0% |
| Reserves | 13 | €544,900 | €574,900 | +€30,000 | +5.5% |
| Non-distributable reserves | 130/1 | €19,900 | €19,900 | = | 0.0% |
| Legal reserve | 130 | €19,900 | €19,900 | = | 0.0% |
| Distributable reserves | 133 | €525,000 | €555,000 | +€30,000 | +5.7% |
| Profit (loss) carried forward | 14 | €897,027 | €908,560 | +€11,533 | +1.3% |
| Investment grants | 15 | €22,903 | €18,287 | -€4,616 | -20.2% |
| Provisions and deferred taxes | 16 | €1,876 | €1,333 | -€543 | -29.0% |
| Deferred taxes | 168 | €1,876 | €1,333 | -€543 | -29.0% |
| Amounts payable | 17/49 | €1,369,171 | €1,658,697 | +€289,526 | +21.1% |
| Amounts payable after more than one year | 17 | €340,200 | €436,597 | +€96,397 | +28.3% |
| Financial debts | 170/4 | €340,200 | €436,597 | +€96,397 | +28.3% |
| Amounts payable within one year | 42/48 | €1,028,971 | €1,222,100 | +€193,129 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €77,627 | €253,762 | +€176,135 | +227% |
| Trade debts | 44 | €721,038 | €816,005 | +€94,967 | +13.2% |
| Suppliers | 440/4 | €721,038 | €816,005 | +€94,967 | +13.2% |
| Taxes, remuneration and social security | 45 | €144,854 | €86,605 | -€58,249 | -40.2% |
| Taxes | 450/3 | €65,096 | €0 | -€65,096 | -100% |
| Remuneration and social security | 454/9 | €79,758 | €86,605 | +€6,847 | +8.6% |
| Other amounts payable | 47/48 | €85,452 | €65,728 | -€19,724 | -23.1% |
| Remuneration, social security and pensions | 62 | €507,360 | €685,333 | +€177,973 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,015 | €176,871 | +€44,856 | +34.0% |
| Other operating charges | 640/8 | €38,804 | €21,797 | -€17,007 | -43.8% |
| Gross operating margin | 9900 | €906,642 | €930,686 | +€24,044 | +2.7% |
| Operating profit (loss) | 9901 | €228,462 | €46,685 | -€181,777 | -79.6% |
| Financial income | 75/76B | €51,378 | €53,775 | +€2,397 | +4.7% |
| Recurring financial income | 75 | €51,378 | €53,775 | +€2,397 | +4.7% |
| Financial charges | 65/66B | €27,479 | €42,956 | +€15,477 | +56.3% |
| Recurring financial charges | 65 | €27,479 | €42,956 | +€15,477 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €252,361 | €57,504 | -€194,857 | -77.2% |
| Transfer from deferred taxes | 780 | €544 | €543 | -€1 | -0.1% |
| Income taxes | 67/77 | €69,937 | €16,514 | -€53,423 | -76.4% |
| Profit (loss) for the period | 9904 | €182,969 | €41,533 | -€141,436 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €182,969 | €41,533 | -€141,436 | -77.3% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.