ARNAUD BRUNINX MANAGEMENT: 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.
ARNAUD BRUNINX MANAGEMENT
Largest movements
- Cash +€42,445
up €42,445 (+28.9%), from €147,074 to €189,519
mainly Net result for the year (+€317,027) and Other debts (+€30,240)
- Tangible fixed assets -€9,430
down €9,430 (-63.7%), from €14,804 to €5,374
- Other debts +€30,240
up €30,240 (+6.5%), from €467,840 to €498,080
- Financial income +€98,000
up €98,000 (+100%), from €98,000 to €196,000
- Gross operating margin +€9,412
up €9,412 (+5.8%), from €163,283 to €172,695
- Taxes +€2,372
up €2,372 (+6.1%), from €38,699 to €41,071
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 | €520,999 | €553,925 | +€32,925 | +6.3% |
| Fixed assets | 21/28 | €371,347 | €361,917 | -€9,430 | -2.5% |
| Tangible fixed assets | 22/27 | €14,804 | €5,374 | -€9,430 | -63.7% |
| Furniture and vehicles | 24 | €14,804 | €5,374 | -€9,430 | -63.7% |
| Financial fixed assets | 28 | €356,544 | €356,544 | = | 0.0% |
| Current assets | 29/58 | €149,652 | €192,007 | +€42,355 | +28.3% |
| Amounts receivable within one year | 40/41 | €1,463 | €1,301 | -€162 | -11.1% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €1,463 | €1,301 | -€162 | -11.1% |
| Cash at bank and in hand | 54/58 | €147,074 | €189,519 | +€42,445 | +28.9% |
| Deferred charges and accrued income | 490/1 | €1,114 | €1,187 | +€73 | +6.5% |
| Total equity and liabilities | 10/49 | €520,999 | €553,925 | +€32,925 | +6.3% |
| Equity | 10/15 | €40,082 | €40,109 | +€27 | +0.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82 | €109 | +€27 | +33.7% |
| Amounts payable | 17/49 | €480,917 | €513,815 | +€32,898 | +6.8% |
| Amounts payable within one year | 42/48 | €480,917 | €513,815 | +€32,898 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €917 | €2,696 | +€1,779 | +194% |
| Suppliers | 440/4 | €917 | €2,696 | +€1,779 | +194% |
| Taxes, remuneration and social security | 45 | €12,161 | €13,039 | +€879 | +7.2% |
| Taxes | 450/3 | €12,161 | €13,039 | +€879 | +7.2% |
| Other amounts payable | 47/48 | €467,840 | €498,080 | +€30,240 | +6.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,430 | €9,430 | = | 0.0% |
| Other operating charges | 640/8 | €956 | €1,070 | +€115 | +12.0% |
| Gross operating margin | 9900 | €163,283 | €172,695 | +€9,412 | +5.8% |
| Operating profit (loss) | 9901 | €152,897 | €162,195 | +€9,297 | +6.1% |
| Financial income | 75/76B | €98,000 | €196,000 | +€98,000 | +100% |
| Recurring financial income | 75 | €98,000 | €196,000 | +€98,000 | +100% |
| Financial charges | 65/66B | €290 | €96 | -€194 | -66.9% |
| Recurring financial charges | 65 | €290 | €96 | -€194 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €250,607 | €358,099 | +€107,492 | +42.9% |
| Income taxes | 67/77 | €38,699 | €41,071 | +€2,372 | +6.1% |
| Profit (loss) for the period | 9904 | €211,908 | €317,027 | +€105,120 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €211,908 | €317,027 | +€105,120 | +49.6% |
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 20 October 2026 via checked.be.