BRUBUILD: 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.
BRUBUILD
Largest movements
- Receivables within one year +€293,154
up €293,154 (+253%), from €115,782 to €408,936
of which Trade receivables: +€294,704
- Cash -€78,882
down €78,882 (-69.4%), from €113,713 to €34,831
mainly Receivables within one year (-€293,154) and Contributions, distributions and other (-€10,750)
- Other debts +€143,810
up €143,810 (+319%), from €45,145 to €188,955
- Tax, wage and social debts +€27,228
up €27,228 (+74.6%), from €36,503 to €63,730
of which Taxes: +€23,628
- Trade debts +€24,395
up €24,395 (+72.8%), from €33,488 to €57,883
- Reserves +€16,823
up €16,823 (+4.7%), from €361,072 to €377,895
of which Non-distributable reserves: +€135,000
- Financial income -€52,496
down €52,496 (-99.1%), from €52,996 to €500
- Gross operating margin -€44,382
down €44,382 (-41.7%), from €106,365 to €61,983
- Taxes -€8,962
down €8,962 (-30.7%), from €29,233 to €20,271
- Depreciation +€3,434
up €3,434 (+41.1%), from €8,360 to €11,794
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 | €498,372 | €708,463 | +€210,091 | +42.2% |
| Fixed assets | 21/28 | €259,619 | €257,303 | -€2,316 | -0.9% |
| Tangible fixed assets | 22/27 | €34,619 | €32,303 | -€2,316 | -6.7% |
| Plant, machinery and equipment | 23 | €1,874 | €3,442 | +€1,568 | +83.7% |
| Furniture and vehicles | 24 | €30,961 | €27,077 | -€3,884 | -12.5% |
| Other tangible fixed assets | 26 | €1,784 | €1,784 | = | 0.0% |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €238,753 | €451,160 | +€212,407 | +89.0% |
| Amounts receivable within one year | 40/41 | €115,782 | €408,936 | +€293,154 | +253% |
| Trade receivables | 40 | €104,955 | €399,659 | +€294,704 | +281% |
| Other amounts receivable | 41 | €10,827 | €9,277 | -€1,550 | -14.3% |
| Cash at bank and in hand | 54/58 | €113,713 | €34,831 | -€78,882 | -69.4% |
| Deferred charges and accrued income | 490/1 | €9,257 | €7,393 | -€1,865 | -20.1% |
| Total equity and liabilities | 10/49 | €498,372 | €708,463 | +€210,091 | +42.2% |
| Equity | 10/15 | €381,072 | €397,895 | +€16,823 | +4.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €361,072 | €377,895 | +€16,823 | +4.7% |
| Non-distributable reserves | 130/1 | €163,900 | €298,900 | +€135,000 | +82.4% |
| Other | 1319 | €163,900 | €298,900 | +€135,000 | +82.4% |
| Distributable reserves | 133 | €197,172 | €78,995 | -€118,177 | -59.9% |
| Amounts payable | 17/49 | €117,300 | €310,568 | +€193,268 | +165% |
| Amounts payable within one year | 42/48 | €117,300 | €310,568 | +€193,268 | +165% |
| Current portion of amounts payable after more than one year | 42 | €2,165 | - | -€2,165 | |
| Trade debts | 44 | €33,488 | €57,883 | +€24,395 | +72.8% |
| Suppliers | 440/4 | €33,488 | €57,883 | +€24,395 | +72.8% |
| Taxes, remuneration and social security | 45 | €36,503 | €63,730 | +€27,228 | +74.6% |
| Taxes | 450/3 | €32,503 | €56,130 | +€23,628 | +72.7% |
| Remuneration and social security | 454/9 | €4,000 | €7,600 | +€3,600 | +90.0% |
| Other amounts payable | 47/48 | €45,145 | €188,955 | +€143,810 | +319% |
| Non-recurring operating income | 76A | - | €4,959 | +€4,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,360 | €11,794 | +€3,434 | +41.1% |
| Other operating charges | 640/8 | €3,060 | €2,429 | -€631 | -20.6% |
| Gross operating margin | 9900 | €106,365 | €61,983 | -€44,382 | -41.7% |
| Operating profit (loss) | 9901 | €94,945 | €47,760 | -€47,185 | -49.7% |
| Financial income | 75/76B | €52,996 | €500 | -€52,496 | -99.1% |
| Recurring financial income | 75 | €52,996 | €500 | -€52,496 | -99.1% |
| Financial charges | 65/66B | €445 | €416 | -€30 | -6.7% |
| Recurring financial charges | 65 | €445 | €416 | -€30 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €147,495 | €47,844 | -€99,651 | -67.6% |
| Income taxes | 67/77 | €29,233 | €20,271 | -€8,962 | -30.7% |
| Profit (loss) for the period | 9904 | €118,262 | €27,573 | -€90,690 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,262 | €27,573 | -€90,690 | -76.7% |
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 22 October 2026 via checked.be.