BRUADAR: what changed
Two fiscal 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.
What changed
BRUADAR
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,442
2024 · €423+€5,019
Equity
€15,864
2024 · €10,423+€5,442
Cash
€2,553
2024 · €6,751-€4,199
Balance sheet total
€913,845
2024 · €921,994-€8,148
Largest movements
Assets
- Receivables within one year -€12,584
down €12,584 (-9.6%), from €130,617 to €118,033
of which Trade receivables: -€12,563
Equity and liabilities
- Debts after one year -€19,443
down €19,443 (-4.0%), from €491,526 to €472,083
Income statement
- Gross operating margin +€8,377
up €8,377 (+21.2%), from €39,584 to €47,961
- Depreciation +€6,786
up €6,786 (+55.4%), from €12,239 to €19,025
- Financial charges +€3,347
up €3,347 (+20.3%), from €16,483 to €19,829
- Taxes +€1,284
up €1,284 (+578.6%), from €222 to €1,506
- Other operating charges +€840
up €840 (+62.4%), from €1,346 to €2,186
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.
Result 2024
€423
Gross operating margin
+€8,377
Depreciation
-€6,786
Other operating charges
-€840
Other operating items
+€8,872
Financial income
+€27
Financial charges
-€3,347
Taxes
-€1,284
Result 2025
€5,442
Cash bridge derived
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.
From operations
+€41,134
Investment
-€26,816
Financing
-€18,517
Cash 2024
€6,751
From operations (derived)
+€41,134
Net result for the year
+€5,442
Depreciation
+€19,025
Receivables within one year
+€12,584
Deferred charges and accrued income
-€843
Trade debts
+€6,415
Tax, wage and social debts
+€2,259
Other debts
-€3,747
Investment (derived)
-€26,816
Investment in fixed assets (net)
-€26,816
Financing
-€18,517
Debts after one year
-€19,443
Current portion of long-term debt
+€927
Cash 2025
€2,553
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €921,994 | €913,845 | -€8,148 | -0.9% |
| Fixed assets | 21/28 | €783,817 | €791,609 | +€7,791 | +1.0% |
| Tangible fixed assets | 22/27 | €783,317 | €791,109 | +€7,791 | +1.0% |
| Land and buildings | 22 | €772,438 | €781,963 | +€9,525 | +1.2% |
| Plant, machinery and equipment | 23 | €10,880 | €9,146 | -€1,734 | -15.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €138,177 | €122,237 | -€15,940 | -11.5% |
| Amounts receivable within one year | 40/41 | €130,617 | €118,033 | -€12,584 | -9.6% |
| Trade receivables | 40 | €30,240 | €17,677 | -€12,563 | -41.5% |
| Other amounts receivable | 41 | €100,376 | €100,356 | -€21 | 0.0% |
| Cash at bank and in hand | 54/58 | €6,751 | €2,553 | -€4,199 | -62.2% |
| Deferred charges and accrued income | 490/1 | €809 | €1,651 | +€843 | +104.2% |
| Total equity and liabilities | 10/49 | €921,994 | €913,845 | -€8,148 | -0.9% |
| Equity | 10/15 | €10,423 | €15,864 | +€5,442 | +52.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €423 | €423 | = | 0.0% |
| Distributable reserves | 133 | €423 | €423 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,442 | +€5,442 | |
| Amounts payable | 17/49 | €911,571 | €897,981 | -€13,590 | -1.5% |
| Amounts payable after more than one year | 17 | €491,526 | €472,083 | -€19,443 | -4.0% |
| Financial debts | 170/4 | €491,526 | €472,083 | -€19,443 | -4.0% |
| Amounts payable within one year | 42/48 | €420,045 | €425,898 | +€5,853 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €28,658 | €29,585 | +€927 | +3.2% |
| Trade debts | 44 | €8,847 | €15,262 | +€6,415 | +72.5% |
| Suppliers | 440/4 | €8,847 | €15,262 | +€6,415 | +72.5% |
| Taxes, remuneration and social security | 45 | €620 | €2,879 | +€2,259 | +364.2% |
| Taxes | 450/3 | €620 | €2,879 | +€2,259 | +364.2% |
| Other amounts payable | 47/48 | €381,920 | €378,172 | -€3,747 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,239 | €19,025 | +€6,786 | +55.4% |
| Other operating charges | 640/8 | €1,346 | €2,186 | +€840 | +62.4% |
| Non-recurring operating charges | 66A | €8,872 | - | -€8,872 | |
| Gross operating margin | 9900 | €39,584 | €47,961 | +€8,377 | +21.2% |
| Operating profit (loss) | 9901 | €17,127 | €26,750 | +€9,623 | +56.2% |
| Financial income | 75/76B | €0 | €27 | +€27 | +5748.9% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +5748.9% |
| Financial charges | 65/66B | €16,483 | €19,829 | +€3,347 | +20.3% |
| Recurring financial charges | 65 | €16,483 | €19,829 | +€3,347 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €645 | €6,948 | +€6,303 | +977.7% |
| Income taxes | 67/77 | €222 | €1,506 | +€1,284 | +578.6% |
| Profit (loss) for the period | 9904 | €423 | €5,442 | +€5,019 | +1187.3% |
| Profit (loss) for the period to be appropriated | 9905 | €423 | €5,442 | +€5,019 | +1187.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.