BRUBO: 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.
BRUBO
Largest movements
- Tangible fixed assets -€63,279
down €63,279 (-6.1%), from €1.0m to €977,042
- Cash +€16,135
up €16,135 (+77.3%), from €20,871 to €37,006
mainly Depreciation (+€63,279) and Receivables after one year (+€11,020)
- Debts after one year -€45,000
down €45,000 (-5.9%), from €756,990 to €711,990
- Reserves -€25,809
down €25,809 (-4.5%), from €568,502 to €542,692
of which Tax-exempt reserves: -€25,809
- Profit (loss) carried forward +€20,829
up €20,829 (+18.0%), from -€115,641 to -€94,812
- Financial income -€6,450
down €6,450 (-44.3%), from €14,550 to €8,100
- Financial charges -€1,830
down €1,830 (-18.6%), from €9,827 to €7,997
- Gross operating margin +€653
up €653 (+1.1%), from €58,105 to €58,758
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 | €1,459,068 | €1,397,708 | -€61,360 | -4.2% |
| Fixed assets | 21/28 | €1,040,321 | €977,042 | -€63,279 | -6.1% |
| Tangible fixed assets | 22/27 | €1,040,321 | €977,042 | -€63,279 | -6.1% |
| Land and buildings | 22 | €1,040,321 | €977,042 | -€63,279 | -6.1% |
| Current assets | 29/58 | €418,747 | €420,666 | +€1,919 | +0.5% |
| Amounts receivable after more than one year | 29 | €301,020 | €290,000 | -€11,020 | -3.7% |
| Other amounts receivable | 291 | €301,020 | €290,000 | -€11,020 | -3.7% |
| Amounts receivable within one year | 40/41 | €80,068 | €80,068 | = | 0.0% |
| Other amounts receivable | 41 | €80,068 | €80,068 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,871 | €37,006 | +€16,135 | +77.3% |
| Deferred charges and accrued income | 490/1 | €16,789 | €13,592 | -€3,197 | -19.0% |
| Total equity and liabilities | 10/49 | €1,459,068 | €1,397,708 | -€61,360 | -4.2% |
| Equity | 10/15 | €514,834 | €509,853 | -€4,981 | -1.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €568,502 | €542,692 | -€25,809 | -4.5% |
| Tax-exempt reserves | 132 | €412,951 | €387,142 | -€25,809 | -6.2% |
| Distributable reserves | 133 | €155,550 | €155,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,641 | -€94,812 | +€20,829 | +18.0% |
| Provisions and deferred taxes | 16 | €137,652 | €129,049 | -€8,603 | -6.2% |
| Deferred taxes | 168 | €137,652 | €129,049 | -€8,603 | -6.2% |
| Amounts payable | 17/49 | €806,581 | €758,805 | -€47,776 | -5.9% |
| Amounts payable after more than one year | 17 | €756,990 | €711,990 | -€45,000 | -5.9% |
| Financial debts | 170/4 | €756,990 | €711,990 | -€45,000 | -5.9% |
| Amounts payable within one year | 42/48 | €49,576 | €46,815 | -€2,761 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €44,546 | €45,000 | +€454 | +1.0% |
| Trade debts | 44 | €5,030 | €1,815 | -€3,215 | -63.9% |
| Suppliers | 440/4 | €5,030 | €1,815 | -€3,215 | -63.9% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,279 | €63,279 | = | 0.0% |
| Other operating charges | 640/8 | €8,993 | €9,166 | +€174 | +1.9% |
| Gross operating margin | 9900 | €58,105 | €58,758 | +€653 | +1.1% |
| Operating profit (loss) | 9901 | -€14,166 | -€13,687 | +€479 | +3.4% |
| Financial income | 75/76B | €14,550 | €8,100 | -€6,450 | -44.3% |
| Recurring financial income | 75 | €14,550 | €8,100 | -€6,450 | -44.3% |
| Financial charges | 65/66B | €9,827 | €7,997 | -€1,830 | -18.6% |
| Recurring financial charges | 65 | €9,827 | €7,997 | -€1,830 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,443 | -€13,584 | -€4,141 | -43.9% |
| Transfer from deferred taxes | 780 | €8,603 | €8,603 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€839 | -€4,981 | -€4,141 | -493% |
| Transfer from tax-exempt reserves | 789 | €25,809 | €25,809 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,970 | €20,829 | -€4,141 | -16.6% |
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 16 October 2026 via checked.be.