Brubeck: 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.
Brubeck
Largest movements
- Cash -€143,623
down €143,623 (-52.0%), from €276,080 to €132,457
mainly Receivables within one year (-€92,912) and Investment in fixed assets (net) (-€35,250)
- Receivables within one year +€92,912
up €92,912 (+105.0%), from €88,464 to €181,376
of which Trade receivables: +€58,261
- Stocks and contracts +€33,592
up €33,592 (+214.6%), from €15,650 to €49,242
- Tangible fixed assets +€10,045
up €10,045 (+20.4%), from €49,133 to €59,178
of which Other tangible fixed assets: +€21,532
- Reserves -€26,429
down €26,429 (-8.2%), from €320,644 to €294,216
of which Distributable reserves: -€26,429
- Other debts +€16,438
up €16,438 (+104.6%), from €15,717 to €32,155
- Trade debts +€10,083
up €10,083 (+23.8%), from €42,397 to €52,480
- Debts after one year -€8,908
down €8,908 (-51.0%), from €17,458 to €8,550
- Gross operating margin -€27,838
down €27,838 (-26.7%), from €104,150 to €76,312
- Taxes -€8,956
down €8,956 (-81.1%), from €11,038 to €2,082
- Depreciation +€8,425
up €8,425 (+50.2%), from €16,780 to €25,205
- Staff costs -€2,625
down €2,625 (-5.9%), from €44,542 to €41,916
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 | €434,571 | €428,167 | -€6,404 | -1.5% |
| Fixed assets | 21/28 | €49,133 | €59,178 | +€10,045 | +20.4% |
| Tangible fixed assets | 22/27 | €49,133 | €59,178 | +€10,045 | +20.4% |
| Plant, machinery and equipment | 23 | €330 | €0 | -€330 | -100.0% |
| Furniture and vehicles | 24 | €30,964 | €19,807 | -€11,156 | -36.0% |
| Other tangible fixed assets | 26 | €17,839 | €39,371 | +€21,532 | +120.7% |
| Current assets | 29/58 | €385,438 | €368,989 | -€16,449 | -4.3% |
| Stocks and contracts in progress | 3 | €15,650 | €49,242 | +€33,592 | +214.6% |
| Stocks | 30/36 | €15,650 | €49,242 | +€33,592 | +214.6% |
| Amounts receivable within one year | 40/41 | €88,464 | €181,376 | +€92,912 | +105.0% |
| Trade receivables | 40 | €65,351 | €123,612 | +€58,261 | +89.2% |
| Other amounts receivable | 41 | €23,113 | €57,764 | +€34,651 | +149.9% |
| Cash at bank and in hand | 54/58 | €276,080 | €132,457 | -€143,623 | -52.0% |
| Deferred charges and accrued income | 490/1 | €5,243 | €5,914 | +€671 | +12.8% |
| Total equity and liabilities | 10/49 | €434,571 | €428,167 | -€6,404 | -1.5% |
| Equity | 10/15 | €339,244 | €312,816 | -€26,429 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320,644 | €294,216 | -€26,429 | -8.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €320,644 | €294,216 | -€26,429 | -8.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,327 | €115,351 | +€20,025 | +21.0% |
| Amounts payable after more than one year | 17 | €17,458 | €8,550 | -€8,908 | -51.0% |
| Financial debts | 170/4 | €17,458 | €8,550 | -€8,908 | -51.0% |
| Amounts payable within one year | 42/48 | €77,868 | €106,801 | +€28,933 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €8,491 | €8,908 | +€417 | +4.9% |
| Financial debts | 43 | €3,384 | €3,370 | -€14 | -0.4% |
| Credit institutions | 430/8 | €3,384 | €3,370 | -€14 | -0.4% |
| Trade debts | 44 | €42,397 | €52,480 | +€10,083 | +23.8% |
| Suppliers | 440/4 | €42,397 | €52,480 | +€10,083 | +23.8% |
| Taxes, remuneration and social security | 45 | €7,879 | €9,888 | +€2,009 | +25.5% |
| Remuneration and social security | 454/9 | €7,879 | €9,888 | +€2,009 | +25.5% |
| Other amounts payable | 47/48 | €15,717 | €32,155 | +€16,438 | +104.6% |
| Remuneration, social security and pensions | 62 | €44,542 | €41,916 | -€2,625 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,780 | €25,205 | +€8,425 | +50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €841 | €737 | -€104 | -12.4% |
| Gross operating margin | 9900 | €104,150 | €76,312 | -€27,838 | -26.7% |
| Operating profit (loss) | 9901 | €41,987 | €8,454 | -€33,533 | -79.9% |
| Financial income | 75/76B | €19 | €850 | +€830 | +4260.9% |
| Recurring financial income | 75 | €19 | €850 | +€830 | +4260.9% |
| Financial charges | 65/66B | €1,902 | €1,496 | -€406 | -21.4% |
| Recurring financial charges | 65 | €1,902 | €1,496 | -€406 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €40,105 | €7,808 | -€32,297 | -80.5% |
| Income taxes | 67/77 | €11,038 | €2,082 | -€8,956 | -81.1% |
| Profit (loss) for the period | 9904 | €29,066 | €5,726 | -€23,340 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,066 | €5,726 | -€23,340 | -80.3% |
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 6 October 2026 via checked.be.