BRUCMAN: what changed
Two fiscal 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.
BRUCMAN
Largest movements
- Receivables within one year +€277,668
up €277,668 (+5690.0%), from €4,880 to €282,548
of which Trade receivables: +€272,773
- Cash +€10,376
up €10,376 (+13.3%), from €78,084 to €88,460
mainly Net result for the year (+€231,730) and Tax, wage and social debts (+€59,160)
- Profit (loss) carried forward +€231,730
up €231,730 (+391.6%), from €59,169 to €290,899
- Tax, wage and social debts +€59,160
up €59,160 (+359.6%), from €16,450 to €75,610
- Trade debts -€3,879
no longer reported in 2025 (was €3,879)
- Gross operating margin +€288,575
up €288,575 (+1785.6%), from €16,161 to €304,736
- Taxes +€67,451
up €67,451 (+1653.4%), from €4,080 to €71,531
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.
Cash bridge derived
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 | €85,246 | €372,589 | +€287,342 | +337.1% |
| Fixed assets | 21/28 | €2,282 | €1,580 | -€702 | -30.8% |
| Tangible fixed assets | 22/27 | €2,282 | €1,580 | -€702 | -30.8% |
| Plant, machinery and equipment | 23 | €2,282 | €1,580 | -€702 | -30.8% |
| Current assets | 29/58 | €82,964 | €371,008 | +€288,045 | +347.2% |
| Amounts receivable within one year | 40/41 | €4,880 | €282,548 | +€277,668 | +5690.0% |
| Trade receivables | 40 | €4,880 | €277,653 | +€272,773 | +5589.7% |
| Other amounts receivable | 41 | - | €4,895 | +€4,895 | |
| Cash at bank and in hand | 54/58 | €78,084 | €88,460 | +€10,376 | +13.3% |
| Total equity and liabilities | 10/49 | €85,246 | €372,589 | +€287,342 | +337.1% |
| Equity | 10/15 | €63,169 | €294,899 | +€231,730 | +366.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,169 | €290,899 | +€231,730 | +391.6% |
| Amounts payable | 17/49 | €22,077 | €77,690 | +€55,613 | +251.9% |
| Amounts payable within one year | 42/48 | €22,077 | €77,690 | +€55,613 | +251.9% |
| Trade debts | 44 | €3,879 | - | -€3,879 | |
| Suppliers | 440/4 | €3,879 | - | -€3,879 | |
| Taxes, remuneration and social security | 45 | €16,450 | €75,610 | +€59,160 | +359.6% |
| Taxes | 450/3 | €16,450 | €75,610 | +€59,160 | +359.6% |
| Other amounts payable | 47/48 | €1,748 | €2,079 | +€332 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €527 | €702 | +€176 | +33.3% |
| Other operating charges | 640/8 | €610 | €501 | -€109 | -17.9% |
| Gross operating margin | 9900 | €16,161 | €304,736 | +€288,575 | +1785.6% |
| Operating profit (loss) | 9901 | €15,025 | €303,533 | +€288,508 | +1920.2% |
| Financial charges | 65/66B | €226 | €272 | +€47 | +20.7% |
| Recurring financial charges | 65 | €226 | €272 | +€47 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €14,799 | €303,260 | +€288,461 | +1949.2% |
| Income taxes | 67/77 | €4,080 | €71,531 | +€67,451 | +1653.4% |
| Profit (loss) for the period | 9904 | €10,720 | €231,730 | +€221,010 | +2061.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,720 | €231,730 | +€221,010 | +2061.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.