BRUCARO: 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.
BRUCARO
Largest movements
- Cash -€69,085
down €69,085 (-89.1%), from €77,573 to €8,487
mainly Debts after one year (-€142,904) and Stocks and contracts (-€46,051)
- Tangible fixed assets -€55,622
down €55,622 (-18.4%), from €302,914 to €247,293
of which Furniture and vehicles: -€40,045
- Stocks and contracts +€46,051
up €46,051 (+3.4%), from €1.4m to €1.4m
- Receivables within one year +€24,623
up €24,623 (+46.0%), from €53,571 to €78,194
of which Trade receivables: +€24,693
- Debts after one year -€142,904
down €142,904 (-32.7%), from €437,388 to €294,483
- Trade debts +€128,045
up €128,045 (+63.9%), from €200,351 to €328,396
- Other debts -€44,684
down €44,684 (-22.5%), from €198,226 to €153,542
- Current portion of long-term debt -€37,625
down €37,625 (-37.1%), from €101,368 to €63,743
- Reserves +€33,125
up €33,125 (+7.2%), from €460,492 to €493,617
of which Distributable reserves: +€33,125
- Depreciation -€13,103
down €13,103 (-29.7%), from €44,159 to €31,057
- Gross operating margin -€10,951
down €10,951 (-7.6%), from €143,880 to €132,929
- Taxes +€3,230
up €3,230 (+20.4%), from €15,800 to €19,030
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 | €1,798,964 | €1,750,615 | -€48,349 | -2.7% |
| Fixed assets | 21/28 | €302,914 | €247,293 | -€55,622 | -18.4% |
| Tangible fixed assets | 22/27 | €302,914 | €247,293 | -€55,622 | -18.4% |
| Land and buildings | 22 | €227,525 | €214,226 | -€13,299 | -5.8% |
| Plant, machinery and equipment | 23 | €28,762 | €26,485 | -€2,277 | -7.9% |
| Furniture and vehicles | 24 | €46,628 | €6,582 | -€40,045 | -85.9% |
| Current assets | 29/58 | €1,496,050 | €1,503,322 | +€7,272 | +0.5% |
| Stocks and contracts in progress | 3 | €1,355,179 | €1,401,230 | +€46,051 | +3.4% |
| Stocks | 30/36 | €1,355,179 | €1,401,230 | +€46,051 | +3.4% |
| Amounts receivable within one year | 40/41 | €53,571 | €78,194 | +€24,623 | +46.0% |
| Trade receivables | 40 | €53,501 | €78,194 | +€24,693 | +46.2% |
| Other amounts receivable | 41 | €70 | €0 | -€70 | -100% |
| Cash at bank and in hand | 54/58 | €77,573 | €8,487 | -€69,085 | -89.1% |
| Deferred charges and accrued income | 490/1 | €9,728 | €15,411 | +€5,684 | +58.4% |
| Total equity and liabilities | 10/49 | €1,798,964 | €1,750,615 | -€48,349 | -2.7% |
| Equity | 10/15 | €530,092 | €563,217 | +€33,125 | +6.2% |
| Contributions | 10/11 | €69,600 | €69,600 | = | 0.0% |
| Reserves | 13 | €460,492 | €493,617 | +€33,125 | +7.2% |
| Tax-exempt reserves | 132 | €1,425 | €1,425 | = | 0.0% |
| Distributable reserves | 133 | €459,067 | €492,192 | +€33,125 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,268,872 | €1,187,398 | -€81,474 | -6.4% |
| Amounts payable after more than one year | 17 | €437,388 | €294,483 | -€142,904 | -32.7% |
| Financial debts | 170/4 | €437,388 | €294,483 | -€142,904 | -32.7% |
| Amounts payable within one year | 42/48 | €830,203 | €891,937 | +€61,734 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €101,368 | €63,743 | -€37,625 | -37.1% |
| Financial debts | 43 | €290,306 | €290,283 | -€22 | 0.0% |
| Credit institutions | 430/8 | €290,306 | €290,283 | -€22 | 0.0% |
| Trade debts | 44 | €200,351 | €328,396 | +€128,045 | +63.9% |
| Suppliers | 440/4 | €200,351 | €328,396 | +€128,045 | +63.9% |
| Advances received on contracts in progress | 46 | €13,385 | €9,300 | -€4,085 | -30.5% |
| Taxes, remuneration and social security | 45 | €26,568 | €46,674 | +€20,106 | +75.7% |
| Taxes | 450/3 | €26,479 | €46,552 | +€20,074 | +75.8% |
| Remuneration and social security | 454/9 | €89 | €121 | +€32 | +36.4% |
| Other amounts payable | 47/48 | €198,226 | €153,542 | -€44,684 | -22.5% |
| Accrued charges and deferred income | 492/3 | €1,281 | €977 | -€304 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,159 | €31,057 | -€13,103 | -29.7% |
| Other operating charges | 640/8 | €6,908 | €7,296 | +€387 | +5.6% |
| Non-recurring operating charges | 66A | - | €4,435 | +€4,435 | |
| Gross operating margin | 9900 | €143,880 | €132,929 | -€10,951 | -7.6% |
| Operating profit (loss) | 9901 | €92,812 | €90,142 | -€2,671 | -2.9% |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €38,366 | €36,996 | -€1,370 | -3.6% |
| Recurring financial charges | 65 | €38,366 | €36,996 | -€1,370 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €54,447 | €53,155 | -€1,292 | -2.4% |
| Income taxes | 67/77 | €15,800 | €19,030 | +€3,230 | +20.4% |
| Profit (loss) for the period | 9904 | €38,647 | €34,125 | -€4,522 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,647 | €34,125 | -€4,522 | -11.7% |
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 28 October 2026 via checked.be.