BRUANT: 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.
BRUANT
Largest movements
- Receivables within one year +€75,417
up €75,417 (+112.3%), from €67,165 to €142,582
of which Trade receivables: +€96,561
- Tangible fixed assets -€56,869
down €56,869 (-3.2%), from €1.8m to €1.7m
- Cash +€48,019
up €48,019 (+221.1%), from €21,715 to €69,734
mainly Other debts (+€114,262) and Depreciation (+€81,714)
- Other debts +€114,262
up €114,262 (+22.4%), from €511,074 to €625,336
- Profit (loss) carried forward -€67,217
down €67,217 (-20.3%), from -€331,498 to -€398,715
- Trade debts +€56,615
up €56,615 (+509.0%), from €11,122 to €67,736
- Gross operating margin +€52,689
up €52,689 (+100.2%), from €52,575 to €105,264
- Staff costs +€5,355
up €5,355 (+8.1%), from €66,514 to €71,870
- Depreciation +€5,188
up €5,188 (+6.8%), from €76,525 to €81,714
- Other operating charges +€3,949
up €3,949 (+28.3%), from €13,961 to €17,910
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,031,047 | €2,111,830 | +€80,783 | +4.0% |
| Fixed assets | 21/28 | €1,765,761 | €1,708,892 | -€56,869 | -3.2% |
| Tangible fixed assets | 22/27 | €1,754,131 | €1,697,261 | -€56,869 | -3.2% |
| Land and buildings | 22 | €1,470,978 | €1,450,942 | -€20,036 | -1.4% |
| Plant, machinery and equipment | 23 | €247,021 | €225,333 | -€21,687 | -8.8% |
| Furniture and vehicles | 24 | €36,132 | €20,987 | -€15,146 | -41.9% |
| Financial fixed assets | 28 | €11,630 | €11,630 | = | 0.0% |
| Current assets | 29/58 | €265,286 | €402,938 | +€137,652 | +51.9% |
| Stocks and contracts in progress | 3 | €174,282 | €188,485 | +€14,204 | +8.1% |
| Stocks | 30/36 | €174,282 | €188,485 | +€14,204 | +8.1% |
| Amounts receivable within one year | 40/41 | €67,165 | €142,582 | +€75,417 | +112.3% |
| Trade receivables | 40 | €43,832 | €140,394 | +€96,561 | +220.3% |
| Other amounts receivable | 41 | €23,333 | €2,189 | -€21,144 | -90.6% |
| Cash at bank and in hand | 54/58 | €21,715 | €69,734 | +€48,019 | +221.1% |
| Deferred charges and accrued income | 490/1 | €2,124 | €2,136 | +€12 | +0.6% |
| Total equity and liabilities | 10/49 | €2,031,047 | €2,111,830 | +€80,783 | +4.0% |
| Equity | 10/15 | €1,401,852 | €1,334,635 | -€67,217 | -4.8% |
| Contributions | 10/11 | €1,731,153 | €1,731,153 | = | 0.0% |
| Reserves | 13 | €2,197 | €2,197 | = | 0.0% |
| Distributable reserves | 133 | €2,197 | €2,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€331,498 | -€398,715 | -€67,217 | -20.3% |
| Amounts payable | 17/49 | €629,196 | €777,195 | +€147,999 | +23.5% |
| Amounts payable after more than one year | 17 | €70,009 | €49,664 | -€20,345 | -29.1% |
| Financial debts | 170/4 | €70,009 | €49,664 | -€20,345 | -29.1% |
| Amounts payable within one year | 42/48 | €559,170 | €727,524 | +€168,354 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €32,525 | €20,345 | -€12,180 | -37.4% |
| Trade debts | 44 | €11,122 | €67,736 | +€56,615 | +509.0% |
| Suppliers | 440/4 | €11,122 | €67,736 | +€56,615 | +509.0% |
| Taxes, remuneration and social security | 45 | €4,449 | €14,106 | +€9,657 | +217.1% |
| Taxes | 450/3 | - | €9,407 | +€9,407 | |
| Remuneration and social security | 454/9 | €4,449 | €4,700 | +€251 | +5.6% |
| Other amounts payable | 47/48 | €511,074 | €625,336 | +€114,262 | +22.4% |
| Accrued charges and deferred income | 492/3 | €17 | €7 | -€10 | -59.7% |
| Remuneration, social security and pensions | 62 | €66,514 | €71,870 | +€5,355 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,525 | €81,714 | +€5,188 | +6.8% |
| Other operating charges | 640/8 | €13,961 | €17,910 | +€3,949 | +28.3% |
| Gross operating margin | 9900 | €52,575 | €105,264 | +€52,689 | +100.2% |
| Operating profit (loss) | 9901 | -€104,426 | -€66,229 | +€38,196 | +36.6% |
| Financial income | 75/76B | €283 | €119 | -€164 | -57.8% |
| Recurring financial income | 75 | €283 | €119 | -€164 | -57.8% |
| Financial charges | 65/66B | €1,684 | €1,107 | -€578 | -34.3% |
| Recurring financial charges | 65 | €1,684 | €1,107 | -€578 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€105,827 | -€67,217 | +€38,610 | +36.5% |
| Profit (loss) for the period | 9904 | -€105,827 | -€67,217 | +€38,610 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,827 | -€67,217 | +€38,610 | +36.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.