BRUBOUW: 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.
BRUBOUW
Largest movements
- Receivables within one year +€244,207
up €244,207 (+35.9%), from €680,210 to €924,417
of which Other amounts receivable: +€239,537
- Tangible fixed assets +€85,948
up €85,948 (+549%), from €15,655 to €101,603
of which Leasing and similar rights: +€83,598
- Stocks and contracts +€30,884
up €30,884 (+148%), from €20,934 to €51,818
of which Stocks: +€16,566
- Cash -€23,070
down €23,070 (-49.3%), from €46,766 to €23,695
mainly Receivables within one year (-€244,207) and Investment in fixed assets (net) (-€114,653)
- Financial fixed assets +€12,747
new in 2025: €12,747
- Short-term financial debts +€178,415
up €178,415, from €0 to €178,415
- Trade debts +€91,577
up €91,577 (+28.1%), from €326,298 to €417,875
- Reserves +€76,423
up €76,423 (+25.2%), from €303,546 to €379,969
of which Distributable reserves: +€76,423
- Debts after one year +€67,804
new in 2025: €67,804
- Tax, wage and social debts -€31,038
down €31,038 (-87.4%), from €35,527 to €4,489
of which Taxes: -€34,769
- Turnover -€2.4m
no longer reported in 2025 (was €2.4m)
- Purchases and services -€2.1m
no longer reported in 2025 (was €2.1m)
- Gross operating margin -€104,894
down €104,894 (-33.2%), from €315,752 to €210,858
- Staff costs +€49,675
up €49,675, from €0 to €49,675
- Write-downs +€49,212
new in 2025: €49,212
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 | €767,951 | €1,125,026 | +€357,075 | +46.5% |
| Fixed assets | 21/28 | €15,655 | €114,350 | +€98,695 | +630% |
| Tangible fixed assets | 22/27 | €15,655 | €101,603 | +€85,948 | +549% |
| Plant, machinery and equipment | 23 | €13,691 | €16,943 | +€3,252 | +23.8% |
| Furniture and vehicles | 24 | €1,964 | €1,062 | -€903 | -45.9% |
| Leasing and similar rights | 25 | - | €83,598 | +€83,598 | |
| Financial fixed assets | 28 | - | €12,747 | +€12,747 | |
| Current assets | 29/58 | €752,296 | €1,010,676 | +€258,380 | +34.3% |
| Stocks and contracts in progress | 3 | €20,934 | €51,818 | +€30,884 | +148% |
| Stocks | 30/36 | €8,434 | €25,000 | +€16,566 | +196% |
| Contracts in progress | 37 | €12,500 | €26,818 | +€14,318 | +115% |
| Amounts receivable within one year | 40/41 | €680,210 | €924,417 | +€244,207 | +35.9% |
| Trade receivables | 40 | €643,440 | €648,110 | +€4,670 | +0.7% |
| Other amounts receivable | 41 | €36,770 | €276,307 | +€239,537 | +651% |
| Cash at bank and in hand | 54/58 | €46,766 | €23,695 | -€23,070 | -49.3% |
| Deferred charges and accrued income | 490/1 | €4,387 | €10,747 | +€6,360 | +145% |
| Total equity and liabilities | 10/49 | €767,951 | €1,125,026 | +€357,075 | +46.5% |
| Equity | 10/15 | €328,546 | €404,969 | +€76,423 | +23.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €303,546 | €379,969 | +€76,423 | +25.2% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €301,046 | €377,469 | +€76,423 | +25.4% |
| Amounts payable | 17/49 | €439,405 | €720,057 | +€280,652 | +63.9% |
| Amounts payable after more than one year | 17 | - | €67,804 | +€67,804 | |
| Financial debts | 170/4 | - | €67,804 | +€67,804 | |
| Amounts payable within one year | 42/48 | €439,405 | €652,253 | +€212,848 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €51,474 | -€23,526 | -31.4% |
| Financial debts | 43 | €0 | €178,415 | +€178,415 | |
| Credit institutions | 430/8 | €0 | €178,415 | +€178,415 | |
| Trade debts | 44 | €326,298 | €417,875 | +€91,577 | +28.1% |
| Suppliers | 440/4 | €326,298 | €417,875 | +€91,577 | +28.1% |
| Taxes, remuneration and social security | 45 | €35,527 | €4,489 | -€31,038 | -87.4% |
| Taxes | 450/3 | €35,527 | €758 | -€34,769 | -97.9% |
| Remuneration and social security | 454/9 | - | €3,731 | +€3,731 | |
| Other amounts payable | 47/48 | €2,580 | €0 | -€2,580 | -100% |
| Turnover | 70 | €2,376,306 | - | -€2.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,054,820 | - | -€2.1m | |
| Remuneration, social security and pensions | 62 | €0 | €49,675 | +€49,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,924 | €15,958 | +€11,035 | +224% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €49,212 | +€49,212 | |
| Other operating charges | 640/8 | €7,393 | €3,882 | -€3,512 | -47.5% |
| Gross operating margin | 9900 | €315,752 | €210,858 | -€104,894 | -33.2% |
| Operating profit (loss) | 9901 | €303,435 | €92,132 | -€211,304 | -69.6% |
| Financial income | 75/76B | €6,619 | €17,339 | +€10,720 | +162% |
| Recurring financial income | 75 | €6,619 | €17,339 | +€10,720 | +162% |
| Financial charges | 65/66B | €5,874 | €8,915 | +€3,041 | +51.8% |
| Recurring financial charges | 65 | €5,874 | €8,915 | +€3,041 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €304,180 | €100,556 | -€203,624 | -66.9% |
| Income taxes | 67/77 | €62,010 | €24,133 | -€37,877 | -61.1% |
| Profit (loss) for the period | 9904 | €242,170 | €76,423 | -€165,747 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €242,170 | €76,423 | -€165,747 | -68.4% |
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 26 October 2026 via checked.be.