BRUDE: 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.
BRUDE
Largest movements
- Cash +€256,197
up €256,197 (+259.8%), from €98,624 to €354,821
mainly Current investments (+€250,000) and Depreciation (+€13,908)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Tangible fixed assets -€13,078
down €13,078 (-39.1%), from €33,432 to €20,354
of which Furniture and vehicles: -€12,956
- Tax, wage and social debts -€11,693
down €11,693 (-92.2%), from €12,678 to €986
of which Taxes: -€11,701
- Gross operating margin -€119,168
down €119,168 (-88.8%), from €134,206 to €15,037
- Taxes -€25,227
down €25,227 (-95.9%), from €26,311 to €1,085
- Financial income -€2,343
down €2,343 (-61.0%), from €3,843 to €1,500
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 | €420,186 | €409,502 | -€10,684 | -2.5% |
| Fixed assets | 21/28 | €33,432 | €20,354 | -€13,078 | -39.1% |
| Tangible fixed assets | 22/27 | €33,432 | €20,354 | -€13,078 | -39.1% |
| Plant, machinery and equipment | 23 | €899 | €776 | -€122 | -13.6% |
| Furniture and vehicles | 24 | €32,533 | €19,577 | -€12,956 | -39.8% |
| Current assets | 29/58 | €386,754 | €389,148 | +€2,394 | +0.6% |
| Amounts receivable within one year | 40/41 | €38,130 | €34,327 | -€3,802 | -10.0% |
| Trade receivables | 40 | €25,590 | €6,861 | -€18,730 | -73.2% |
| Other amounts receivable | 41 | €12,539 | €27,467 | +€14,927 | +119.0% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €98,624 | €354,821 | +€256,197 | +259.8% |
| Total equity and liabilities | 10/49 | €420,186 | €409,502 | -€10,684 | -2.5% |
| Equity | 10/15 | €370,442 | €370,313 | -€129 | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €351,892 | €351,763 | -€129 | 0.0% |
| Distributable reserves | 133 | €351,892 | €351,763 | -€129 | 0.0% |
| Amounts payable | 17/49 | €49,744 | €39,189 | -€10,555 | -21.2% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,744 | €9,189 | -€10,555 | -53.5% |
| Trade debts | 44 | €7,065 | €8,203 | +€1,138 | +16.1% |
| Suppliers | 440/4 | €7,065 | €8,203 | +€1,138 | +16.1% |
| Taxes, remuneration and social security | 45 | €12,678 | €986 | -€11,693 | -92.2% |
| Taxes | 450/3 | €12,678 | €978 | -€11,701 | -92.3% |
| Remuneration and social security | 454/9 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,658 | €13,908 | +€250 | +1.8% |
| Other operating charges | 640/8 | €1,014 | €852 | -€162 | -16.0% |
| Gross operating margin | 9900 | €134,206 | €15,037 | -€119,168 | -88.8% |
| Operating profit (loss) | 9901 | €119,533 | €277 | -€119,256 | -99.8% |
| Financial income | 75/76B | €3,843 | €1,500 | -€2,343 | -61.0% |
| Recurring financial income | 75 | €3,843 | €1,500 | -€2,343 | -61.0% |
| Financial charges | 65/66B | €555 | €821 | +€266 | +48.0% |
| Recurring financial charges | 65 | €555 | €821 | +€266 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €122,821 | €956 | -€121,865 | -99.2% |
| Income taxes | 67/77 | €26,311 | €1,085 | -€25,227 | -95.9% |
| Profit (loss) for the period | 9904 | €96,510 | -€129 | -€96,639 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,510 | -€129 | -€96,639 |
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.