BRIDGE IMMO: 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.
BRIDGE IMMO
Largest movements
- Cash -€2.0m
down €2.0m (-54.5%), from €3.7m to €1.7m
mainly Debts after one year (-€13.0m) and Net result for the year (-€2.9m)
- Tangible fixed assets -€644,665
down €644,665 (-3.1%), from €20.7m to €20.1m
of which Land and buildings: -€640,886
- Receivables within one year -€348,845
down €348,845 (-43.7%), from €797,850 to €449,005
of which Trade receivables: -€361,422
- Debts after one year -€13.0m
down €13.0m (-100%), from €13.0m to €0
- Current portion of long-term debt +€10.6m
up €10.6m (+134%), from €7.9m to €18.5m
- Profit (loss) carried forward -€2.9m
down €2.9m (-34.9%), from -€8.4m to -€11.3m
- Contributions +€2.0m
up €2.0m (+16.9%), from €11.8m to €13.8m
- Trade debts +€288,314
up €288,314 (+84.6%), from €340,815 to €629,129
- Gross operating margin -€1.2m
down €1.2m, from €930,098 to -€289,186
- Financial charges -€194,449
down €194,449 (-19.2%), from €1.0m to €816,769
- Write-downs +€143,057
up €143,057, from -€143,057 to €0
- Other operating charges +€139,475
up €139,475 (+22.6%), from €617,775 to €757,250
- Depreciation +€11,309
up €11,309 (+1.1%), from €1.1m to €1.1m
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 | €25,340,785 | €22,296,573 | -€3.0m | -12.0% |
| Fixed assets | 21/28 | €20,700,912 | €20,056,247 | -€644,665 | -3.1% |
| Tangible fixed assets | 22/27 | €20,700,912 | €20,056,247 | -€644,665 | -3.1% |
| Land and buildings | 22 | €20,697,091 | €20,056,206 | -€640,886 | -3.1% |
| Plant, machinery and equipment | 23 | €3,820 | €41 | -€3,779 | -98.9% |
| Current assets | 29/58 | €4,639,874 | €2,240,325 | -€2.4m | -51.7% |
| Amounts receivable within one year | 40/41 | €797,850 | €449,005 | -€348,845 | -43.7% |
| Trade receivables | 40 | €797,850 | €436,429 | -€361,422 | -45.3% |
| Other amounts receivable | 41 | - | €12,577 | +€12,577 | |
| Cash at bank and in hand | 54/58 | €3,690,050 | €1,679,916 | -€2.0m | -54.5% |
| Deferred charges and accrued income | 490/1 | €151,973 | €111,404 | -€40,569 | -26.7% |
| Total equity and liabilities | 10/49 | €25,340,785 | €22,296,573 | -€3.0m | -12.0% |
| Equity | 10/15 | €3,467,937 | €2,554,555 | -€913,382 | -26.3% |
| Contributions | 10/11 | €11,821,129 | €13,821,129 | +€2.0m | +16.9% |
| Capital | 10 | €11,821,129 | €13,821,129 | +€2.0m | +16.9% |
| Issued capital | 100 | €11,821,129 | €13,821,129 | +€2.0m | +16.9% |
| Profit (loss) carried forward | 14 | -€8,353,192 | -€11,266,574 | -€2.9m | -34.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €21,872,848 | €19,742,017 | -€2.1m | -9.7% |
| Amounts payable after more than one year | 17 | €12,976,937 | €0 | -€13.0m | -100% |
| Financial debts | 170/4 | €12,976,937 | €0 | -€13.0m | -100% |
| Amounts payable within one year | 42/48 | €8,304,178 | €19,156,006 | +€10.9m | +131% |
| Current portion of amounts payable after more than one year | 42 | €7,889,163 | €18,451,937 | +€10.6m | +134% |
| Trade debts | 44 | €340,815 | €629,129 | +€288,314 | +84.6% |
| Suppliers | 440/4 | €340,815 | €629,129 | +€288,314 | +84.6% |
| Taxes, remuneration and social security | 45 | €231 | €970 | +€739 | +320% |
| Taxes | 450/3 | €231 | €970 | +€739 | +320% |
| Other amounts payable | 47/48 | €73,970 | €73,970 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €591,733 | €586,012 | -€5,721 | -1.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,067,378 | €1,078,687 | +€11,309 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€143,057 | €0 | +€143,057 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,590 | €0 | +€1,590 | |
| Other operating charges | 640/8 | €617,775 | €757,250 | +€139,475 | +22.6% |
| Non-recurring operating charges | 66A | - | €10,497 | +€10,497 | |
| Gross operating margin | 9900 | €930,098 | -€289,186 | -€1.2m | |
| Operating profit (loss) | 9901 | -€610,408 | -€2,135,620 | -€1.5m | -250% |
| Financial income | 75/76B | €35,632 | €39,007 | +€3,374 | +9.5% |
| Recurring financial income | 75 | €35,632 | €39,007 | +€3,374 | +9.5% |
| Financial charges | 65/66B | €1,011,217 | €816,769 | -€194,449 | -19.2% |
| Recurring financial charges | 65 | €1,011,217 | €816,769 | -€194,449 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,585,993 | -€2,913,382 | -€1.3m | -83.7% |
| Profit (loss) for the period | 9904 | -€1,585,993 | -€2,913,382 | -€1.3m | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,585,993 | -€2,913,382 | -€1.3m | -83.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.