BRUCO: 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.
BRUCO
Largest movements
- Cash -€68,417
down €68,417 (-80.5%), from €85,016 to €16,599
mainly Trade debts (-€62,697) and Receivables within one year (-€12,986)
- Receivables within one year +€12,986
up €12,986 (+13.6%), from €95,534 to €108,520
- Trade debts -€62,697
down €62,697 (-97.3%), from €64,437 to €1,739
- Reserves +€13,025
up €13,025 (+7.8%), from €167,935 to €180,960
of which Distributable reserves: +€13,025
- Debts after one year -€9,426
down €9,426 (-18.5%), from €50,926 to €41,501
- Depreciation +€2,729
up €2,729 (+1,006%), from €271 to €3,000
- Financial income +€2,725
new in 2026: €2,725
- Financial charges +€1,063
up €1,063 (+85.8%), from €1,239 to €2,302
- Gross operating margin -€967
down €967 (-3.0%), from €32,478 to €31,512
- Taxes +€904
up €904 (+26.3%), from €3,438 to €4,342
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €354,345 | €295,941 | -€58,404 | -16.5% |
| Fixed assets | 21/28 | €172,083 | €169,083 | -€3,000 | -1.7% |
| Tangible fixed assets | 22/27 | €172,083 | €169,083 | -€3,000 | -1.7% |
| Land and buildings | 22 | €172,083 | €169,083 | -€3,000 | -1.7% |
| Current assets | 29/58 | €182,263 | €126,859 | -€55,404 | -30.4% |
| Amounts receivable within one year | 40/41 | €95,534 | €108,520 | +€12,986 | +13.6% |
| Other amounts receivable | 41 | €95,534 | €108,520 | +€12,986 | +13.6% |
| Cash at bank and in hand | 54/58 | €85,016 | €16,599 | -€68,417 | -80.5% |
| Deferred charges and accrued income | 490/1 | €1,712 | €1,739 | +€27 | +1.6% |
| Total equity and liabilities | 10/49 | €354,345 | €295,941 | -€58,404 | -16.5% |
| Equity | 10/15 | €229,908 | €242,934 | +€13,025 | +5.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €167,935 | €180,960 | +€13,025 | +7.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €161,738 | €174,763 | +€13,025 | +8.1% |
| Amounts payable | 17/49 | €124,437 | €53,007 | -€71,429 | -57.4% |
| Amounts payable after more than one year | 17 | €50,926 | €41,501 | -€9,426 | -18.5% |
| Financial debts | 170/4 | €50,926 | €41,501 | -€9,426 | -18.5% |
| Amounts payable within one year | 42/48 | €73,510 | €11,507 | -€62,004 | -84.3% |
| Current portion of amounts payable after more than one year | 42 | €9,074 | €9,426 | +€352 | +3.9% |
| Trade debts | 44 | €64,437 | €1,739 | -€62,697 | -97.3% |
| Suppliers | 440/4 | €64,437 | €1,739 | -€62,697 | -97.3% |
| Taxes, remuneration and social security | 45 | €0 | €342 | +€342 | |
| Taxes | 450/3 | €0 | €342 | +€342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €3,000 | +€2,729 | +1,006% |
| Other operating charges | 640/8 | €11,217 | €11,567 | +€351 | +3.1% |
| Gross operating margin | 9900 | €32,478 | €31,512 | -€967 | -3.0% |
| Operating profit (loss) | 9901 | €20,991 | €16,945 | -€4,046 | -19.3% |
| Financial income | 75/76B | - | €2,725 | +€2,725 | |
| Recurring financial income | 75 | - | €2,725 | +€2,725 | |
| Financial charges | 65/66B | €1,239 | €2,302 | +€1,063 | +85.8% |
| Recurring financial charges | 65 | €1,239 | €2,302 | +€1,063 | +85.8% |
| Profit (loss) for the period before taxes | 9903 | €19,751 | €17,367 | -€2,384 | -12.1% |
| Income taxes | 67/77 | €3,438 | €4,342 | +€904 | +26.3% |
| Profit (loss) for the period | 9904 | €16,313 | €13,025 | -€3,288 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,313 | €13,025 | -€3,288 | -20.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.