BRUCEL: 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.
BRUCEL
Largest movements
- Receivables within one year +€421
up €421 (+142%), from €296 to €717
- Other debts -€1,650
down €1,650 (-34.5%), from €4,778 to €3,128
- Profit (loss) carried forward +€1,648
up €1,648 (+1.1%), from -€154,397 to -€152,749
- Trade debts +€427
up €427 (+175%), from €244 to €670
- Financial charges -€149,979
down €149,979 (-99.9%), from €150,182 to €203
of which Non-recurring financial charges: -€150,000
- Gross operating margin +€3,865
up €3,865, from -€2,014 to €1,851
- Other operating charges -€416
no longer reported in 2025 (was €416)
- Depreciation -€174
no longer reported in 2025 (was €174)
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 | €625 | €1,050 | +€425 | +67.9% |
| Current assets | 29/58 | €625 | €1,050 | +€425 | +67.9% |
| Amounts receivable within one year | 40/41 | €296 | €717 | +€421 | +142% |
| Other amounts receivable | 41 | €296 | €717 | +€421 | +142% |
| Cash at bank and in hand | 54/58 | €329 | €333 | +€4 | +1.1% |
| Total equity and liabilities | 10/49 | €625 | €1,050 | +€425 | +67.9% |
| Equity | 10/15 | -€4,397 | -€2,749 | +€1,648 | +37.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,397 | -€152,749 | +€1,648 | +1.1% |
| Amounts payable | 17/49 | €5,022 | €3,799 | -€1,223 | -24.4% |
| Amounts payable within one year | 42/48 | €5,022 | €3,799 | -€1,223 | -24.4% |
| Trade debts | 44 | €244 | €670 | +€427 | +175% |
| Suppliers | 440/4 | €244 | €670 | +€427 | +175% |
| Other amounts payable | 47/48 | €4,778 | €3,128 | -€1,650 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174 | - | -€174 | |
| Other operating charges | 640/8 | €416 | - | -€416 | |
| Gross operating margin | 9900 | -€2,014 | €1,851 | +€3,865 | |
| Operating profit (loss) | 9901 | -€2,604 | €1,851 | +€4,455 | |
| Financial charges | 65/66B | €150,182 | €203 | -€149,979 | -99.9% |
| Recurring financial charges | 65 | €182 | €203 | +€21 | +11.5% |
| Non-recurring financial charges | 66B | €150,000 | - | -€150,000 | |
| Profit (loss) for the period before taxes | 9903 | -€152,786 | €1,648 | +€154,434 | |
| Profit (loss) for the period | 9904 | -€152,786 | €1,648 | +€154,434 | |
| Profit (loss) for the period to be appropriated | 9905 | -€152,786 | €1,648 | +€154,434 |
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 14 October 2026 via checked.be.