BRUDENTIA: 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.
BRUDENTIA
Largest movements
- Cash +€115,513
up €115,513 (+189.6%), from €60,929 to €176,443
- Tangible fixed assets -€71,467
down €71,467 (-7.9%), from €904,616 to €833,149
- Other debts +€330,619
up €330,619 (+205.5%), from €160,887 to €491,507
- Reserves -€188,554
no longer reported in 2025 (was €188,554)
- Debts after one year -€54,182
down €54,182 (-11.6%), from €465,274 to €411,092
- Advances received -€34,833
no longer reported in 2025 (was €34,833)
- Accrued charges and deferred income -€24,565
down €24,565 (-34.1%), from €72,130 to €47,564
- Staff costs -€5,641
down €5,641 (-12.1%), from €46,623 to €40,982
- Taxes +€5,000
new in 2025: €5,000
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,000,520 | €1,038,875 | +€38,355 | +3.8% |
| Fixed assets | 21/28 | €936,037 | €859,539 | -€76,498 | -8.2% |
| Intangible fixed assets | 21 | €31,421 | €26,391 | -€5,030 | -16.0% |
| Tangible fixed assets | 22/27 | €904,616 | €833,149 | -€71,467 | -7.9% |
| Land and buildings | 22 | €757,846 | €722,338 | -€35,508 | -4.7% |
| Plant, machinery and equipment | 23 | €143,386 | €107,874 | -€35,512 | -24.8% |
| Furniture and vehicles | 24 | €3,384 | €2,936 | -€448 | -13.2% |
| Current assets | 29/58 | €64,483 | €179,336 | +€114,853 | +178.1% |
| Amounts receivable within one year | 40/41 | €835 | - | -€835 | |
| Trade receivables | 40 | €835 | - | -€835 | |
| Cash at bank and in hand | 54/58 | €60,929 | €176,443 | +€115,513 | +189.6% |
| Deferred charges and accrued income | 490/1 | €2,719 | €2,893 | +€174 | +6.4% |
| Total equity and liabilities | 10/49 | €1,000,520 | €1,038,875 | +€38,355 | +3.8% |
| Equity | 10/15 | €198,554 | €10,000 | -€188,554 | -95.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €188,554 | - | -€188,554 | |
| Distributable reserves | 133 | €188,554 | - | -€188,554 | |
| Amounts payable | 17/49 | €801,966 | €1,028,875 | +€226,909 | +28.3% |
| Amounts payable after more than one year | 17 | €465,274 | €411,092 | -€54,182 | -11.6% |
| Financial debts | 170/4 | €465,274 | €411,092 | -€54,182 | -11.6% |
| Amounts payable within one year | 42/48 | €264,562 | €570,219 | +€305,656 | +115.5% |
| Current portion of amounts payable after more than one year | 42 | €53,940 | €54,182 | +€242 | +0.4% |
| Trade debts | 44 | €6,514 | €18,486 | +€11,972 | +183.8% |
| Suppliers | 440/4 | €6,514 | €18,486 | +€11,972 | +183.8% |
| Advances received on contracts in progress | 46 | €34,833 | - | -€34,833 | |
| Taxes, remuneration and social security | 45 | €8,387 | €6,044 | -€2,343 | -27.9% |
| Taxes | 450/3 | €595 | - | -€595 | |
| Remuneration and social security | 454/9 | €7,792 | €6,044 | -€1,748 | -22.4% |
| Other amounts payable | 47/48 | €160,887 | €491,507 | +€330,619 | +205.5% |
| Accrued charges and deferred income | 492/3 | €72,130 | €47,564 | -€24,565 | -34.1% |
| Remuneration, social security and pensions | 62 | €46,623 | €40,982 | -€5,641 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,495 | €76,498 | +€3 | 0.0% |
| Other operating charges | 640/8 | €1,723 | €1,744 | +€21 | +1.2% |
| Gross operating margin | 9900 | €127,620 | €126,633 | -€987 | -0.8% |
| Operating profit (loss) | 9901 | €2,780 | €7,410 | +€4,630 | +166.6% |
| Financial income | 75/76B | €69 | €213 | +€144 | +209.1% |
| Recurring financial income | 75 | €69 | €213 | +€144 | +209.1% |
| Financial charges | 65/66B | €2,849 | €2,623 | -€225 | -7.9% |
| Recurring financial charges | 65 | €2,849 | €2,623 | -€225 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | - | €5,000 | +€5,000 | |
| Income taxes | 67/77 | - | €5,000 | +€5,000 |
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 12 October 2026 via checked.be.