BRICO MASUI: 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.
BRICO MASUI
Largest movements
- Stocks and contracts -€165,254
down €165,254 (-35.8%), from €461,131 to €295,877
- Cash +€59,640
up €59,640 (+164%), from €36,389 to €96,029
mainly Stocks and contracts (+€165,254) and Net result for the year (+€68,345)
- Receivables within one year +€21,869
up €21,869 (+13.3%), from €164,502 to €186,371
of which Trade receivables: +€37,552
- Tangible fixed assets -€20,095
down €20,095 (-20.4%), from €98,511 to €78,416
of which Furniture and vehicles: -€29,594
- Trade debts -€111,388
down €111,388 (-50.9%), from €219,024 to €107,636
- Profit (loss) carried forward +€68,345
up €68,345 (+20.8%), from €328,484 to €396,828
- Other debts -€56,769
down €56,769 (-42.9%), from €132,311 to €75,542
- Debts after one year -€17,945
down €17,945 (-35.4%), from €50,730 to €32,785
- Tax, wage and social debts +€17,896
new in 2025: €17,896
- Gross operating margin +€112,165
up €112,165 (+52.0%), from €215,643 to €327,808
- Staff costs +€52,394
up €52,394 (+45.8%), from €114,281 to €166,675
- Taxes +€30,734
new in 2025: €30,734
- Depreciation +€5,820
up €5,820 (+18.4%), from €31,623 to €37,443
- Other operating charges +€3,589
up €3,589 (+22.7%), from €15,836 to €19,425
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 | €760,533 | €656,692 | -€103,841 | -13.7% |
| Fixed assets | 21/28 | €98,511 | €78,416 | -€20,095 | -20.4% |
| Tangible fixed assets | 22/27 | €98,511 | €78,416 | -€20,095 | -20.4% |
| Plant, machinery and equipment | 23 | - | €9,498 | +€9,498 | |
| Furniture and vehicles | 24 | €98,511 | €68,917 | -€29,594 | -30.0% |
| Current assets | 29/58 | €662,022 | €578,276 | -€83,746 | -12.7% |
| Stocks and contracts in progress | 3 | €461,131 | €295,877 | -€165,254 | -35.8% |
| Stocks | 30/36 | €461,131 | €295,877 | -€165,254 | -35.8% |
| Amounts receivable within one year | 40/41 | €164,502 | €186,371 | +€21,869 | +13.3% |
| Trade receivables | 40 | €148,819 | €186,371 | +€37,552 | +25.2% |
| Other amounts receivable | 41 | €15,683 | - | -€15,683 | |
| Cash at bank and in hand | 54/58 | €36,389 | €96,029 | +€59,640 | +164% |
| Total equity and liabilities | 10/49 | €760,533 | €656,692 | -€103,841 | -13.7% |
| Equity | 10/15 | €336,544 | €404,888 | +€68,345 | +20.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Other | 1109/19 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,484 | €396,828 | +€68,345 | +20.8% |
| Amounts payable | 17/49 | €423,989 | €251,803 | -€172,186 | -40.6% |
| Amounts payable after more than one year | 17 | €50,730 | €32,785 | -€17,945 | -35.4% |
| Financial debts | 170/4 | €50,730 | €32,785 | -€17,945 | -35.4% |
| Amounts payable within one year | 42/48 | €373,259 | €219,018 | -€154,241 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €21,925 | €17,945 | -€3,980 | -18.2% |
| Trade debts | 44 | €219,024 | €107,636 | -€111,388 | -50.9% |
| Suppliers | 440/4 | €219,024 | €107,636 | -€111,388 | -50.9% |
| Taxes, remuneration and social security | 45 | - | €17,896 | +€17,896 | |
| Taxes | 450/3 | - | €17,896 | +€17,896 | |
| Other amounts payable | 47/48 | €132,311 | €75,542 | -€56,769 | -42.9% |
| Remuneration, social security and pensions | 62 | €114,281 | €166,675 | +€52,394 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,623 | €37,443 | +€5,820 | +18.4% |
| Other operating charges | 640/8 | €15,836 | €19,425 | +€3,589 | +22.7% |
| Gross operating margin | 9900 | €215,643 | €327,808 | +€112,165 | +52.0% |
| Operating profit (loss) | 9901 | €53,903 | €104,265 | +€50,362 | +93.4% |
| Financial charges | 65/66B | €4,596 | €5,186 | +€590 | +12.8% |
| Recurring financial charges | 65 | €4,596 | €5,186 | +€590 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €49,307 | €99,078 | +€49,771 | +101% |
| Income taxes | 67/77 | - | €30,734 | +€30,734 | |
| Profit (loss) for the period | 9904 | €49,307 | €68,345 | +€19,038 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,307 | €68,345 | +€19,038 | +38.6% |
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 14 October 2026 via checked.be.