AG BRUX: 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.
AG BRUX
Largest movements
- Cash -€191,718
down €191,718 (-17.3%), from €1.1m to €916,404
mainly Contributions, distributions and other (-€400,000) and Trade debts (-€110,114)
- Financial fixed assets +€67,500
up €67,500 (+83.5%), from €80,856 to €148,356
- Tangible fixed assets -€48,670
down €48,670 (-12.7%), from €382,399 to €333,729
of which Other tangible fixed assets: -€42,478
- Stocks and contracts -€20,818
down €20,818 (-6.0%), from €345,132 to €324,314
- Trade debts -€110,114
down €110,114 (-8.6%), from €1.3m to €1.2m
- Profit (loss) carried forward -€105,748
down €105,748 (-57.4%), from €184,311 to €78,563
- Staff costs +€229,500
up €229,500 (+38.1%), from €602,600 to €832,100
- Gross operating margin +€175,864
up €175,864 (+15.4%), from €1.1m to €1.3m
- Taxes +€29,214
up €29,214 (+34.7%), from €84,213 to €113,427
- Depreciation +€19,166
up €19,166 (+47.3%), from €40,516 to €59,682
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 | €1,953,545 | €1,750,403 | -€203,142 | -10.4% |
| Fixed assets | 21/28 | €463,255 | €482,085 | +€18,830 | +4.1% |
| Tangible fixed assets | 22/27 | €382,399 | €333,729 | -€48,670 | -12.7% |
| Furniture and vehicles | 24 | €16,110 | €9,917 | -€6,192 | -38.4% |
| Other tangible fixed assets | 26 | €366,289 | €323,812 | -€42,478 | -11.6% |
| Financial fixed assets | 28 | €80,856 | €148,356 | +€67,500 | +83.5% |
| Current assets | 29/58 | €1,490,291 | €1,268,318 | -€221,972 | -14.9% |
| Stocks and contracts in progress | 3 | €345,132 | €324,314 | -€20,818 | -6.0% |
| Stocks | 30/36 | €345,132 | €324,314 | -€20,818 | -6.0% |
| Amounts receivable within one year | 40/41 | €10,999 | €150 | -€10,849 | -98.6% |
| Trade receivables | 40 | €10,999 | - | -€10,999 | |
| Other amounts receivable | 41 | - | €150 | +€150 | |
| Cash at bank and in hand | 54/58 | €1,108,122 | €916,404 | -€191,718 | -17.3% |
| Deferred charges and accrued income | 490/1 | €26,038 | €27,451 | +€1,413 | +5.4% |
| Total equity and liabilities | 10/49 | €1,953,545 | €1,750,403 | -€203,142 | -10.4% |
| Equity | 10/15 | €284,311 | €178,563 | -€105,748 | -37.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,311 | €78,563 | -€105,748 | -57.4% |
| Amounts payable | 17/49 | €1,669,234 | €1,571,840 | -€97,394 | -5.8% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,569,234 | €1,471,840 | -€97,394 | -6.2% |
| Trade debts | 44 | €1,273,469 | €1,163,355 | -€110,114 | -8.6% |
| Suppliers | 440/4 | €1,273,469 | €1,163,355 | -€110,114 | -8.6% |
| Taxes, remuneration and social security | 45 | €263,061 | €275,760 | +€12,699 | +4.8% |
| Taxes | 450/3 | €208,274 | €220,842 | +€12,568 | +6.0% |
| Remuneration and social security | 454/9 | €54,788 | €54,919 | +€131 | +0.2% |
| Other amounts payable | 47/48 | €32,704 | €32,725 | +€21 | +0.1% |
| Remuneration, social security and pensions | 62 | €602,600 | €832,100 | +€229,500 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,516 | €59,682 | +€19,166 | +47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,062 | - | +€9,062 | |
| Other operating charges | 640/8 | €6,517 | €9,658 | +€3,141 | +48.2% |
| Gross operating margin | 9900 | €1,139,629 | €1,315,493 | +€175,864 | +15.4% |
| Operating profit (loss) | 9901 | €499,058 | €414,054 | -€85,004 | -17.0% |
| Financial income | 75/76B | €4 | €0 | -€4 | -95.2% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -95.2% |
| Financial charges | 65/66B | €8,467 | €6,375 | -€2,092 | -24.7% |
| Recurring financial charges | 65 | €8,467 | €6,375 | -€2,092 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €490,596 | €407,680 | -€82,916 | -16.9% |
| Income taxes | 67/77 | €84,213 | €113,427 | +€29,214 | +34.7% |
| Profit (loss) for the period | 9904 | €406,383 | €294,252 | -€112,131 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €406,383 | €294,252 | -€112,131 | -27.6% |
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 15 October 2026 via checked.be.