BRUCOFI: 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.
BRUCOFI
Largest movements
- Current investments -€69,994
down €69,994 (-84.8%), from €82,500 to €12,506
- Tangible fixed assets -€11,267
down €11,267 (-21.8%), from €51,710 to €40,443
of which Furniture and vehicles: -€10,984
- Reserves -€112,865
down €112,865 (-56.7%), from €198,903 to €86,038
- Other debts +€30,000
new in 2025: €30,000
- Gross operating margin +€5,470
up €5,470 (+10.4%), from €52,805 to €58,275
- Taxes +€2,081
up €2,081 (+28.0%), from €7,423 to €9,504
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 | €223,373 | €138,029 | -€85,343 | -38.2% |
| Fixed assets | 21/28 | €51,710 | €40,443 | -€11,267 | -21.8% |
| Tangible fixed assets | 22/27 | €51,710 | €40,443 | -€11,267 | -21.8% |
| Land and buildings | 22 | €2,411 | €2,127 | -€284 | -11.8% |
| Furniture and vehicles | 24 | €49,300 | €38,316 | -€10,984 | -22.3% |
| Current assets | 29/58 | €171,663 | €97,587 | -€74,076 | -43.2% |
| Amounts receivable within one year | 40/41 | €21,532 | €19,319 | -€2,213 | -10.3% |
| Trade receivables | 40 | €14,236 | €15,216 | +€979 | +6.9% |
| Other amounts receivable | 41 | €7,296 | €4,103 | -€3,192 | -43.8% |
| Current investments | 50/53 | €82,500 | €12,506 | -€69,994 | -84.8% |
| Cash at bank and in hand | 54/58 | €67,631 | €65,494 | -€2,136 | -3.2% |
| Deferred charges and accrued income | 490/1 | - | €267 | +€267 | |
| Total equity and liabilities | 10/49 | €223,373 | €138,029 | -€85,343 | -38.2% |
| Equity | 10/15 | €208,903 | €96,038 | -€112,865 | -54.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €198,903 | €86,038 | -€112,865 | -56.7% |
| Distributable reserves | 133 | €198,903 | €86,038 | -€112,865 | -56.7% |
| Amounts payable | 17/49 | €14,469 | €41,991 | +€27,522 | +190.2% |
| Amounts payable within one year | 42/48 | €14,469 | €41,991 | +€27,522 | +190.2% |
| Trade debts | 44 | €3,562 | €2,556 | -€1,006 | -28.3% |
| Suppliers | 440/4 | €3,562 | €2,556 | -€1,006 | -28.3% |
| Taxes, remuneration and social security | 45 | €10,908 | €9,436 | -€1,472 | -13.5% |
| Taxes | 450/3 | €10,908 | €9,436 | -€1,472 | -13.5% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,861 | €12,930 | +€69 | +0.5% |
| Other operating charges | 640/8 | €843 | €788 | -€55 | -6.5% |
| Gross operating margin | 9900 | €52,805 | €58,275 | +€5,470 | +10.4% |
| Operating profit (loss) | 9901 | €39,100 | €44,556 | +€5,456 | +14.0% |
| Financial income | 75/76B | - | €280 | +€280 | |
| Recurring financial income | 75 | - | €280 | +€280 | |
| Financial charges | 65/66B | €200 | €198 | -€2 | -1.2% |
| Recurring financial charges | 65 | €200 | €198 | -€2 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €38,900 | €44,639 | +€5,739 | +14.8% |
| Income taxes | 67/77 | €7,423 | €9,504 | +€2,081 | +28.0% |
| Profit (loss) for the period | 9904 | €31,477 | €35,135 | +€3,658 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,477 | €35,135 | +€3,658 | +11.6% |
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 4 October 2026 via checked.be.