BRUDEX: 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.
What changed
BRUDEX
NACE 43.110, Demolition
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€559,482
2024 · €228,523-€788,005
Equity
€376,998
2024 · €936,480-€559,482
Cash
€38,526
2024 · €121,050-€82,525
Balance sheet total
€1.8m
2024 · €2.5m-€714,290
Largest movements
Assets
- Receivables within one year -€713,146
down €713,146 (-34.6%), from €2.1m to €1.4m
of which Trade receivables: -€712,388
- Deferred charges and accrued income +€115,566
up €115,566 (+102.7%), from €112,486 to €228,052
- Cash -€82,525
down €82,525 (-68.2%), from €121,050 to €38,526
mainly Net result for the year (-€559,482) and Trade debts (-€129,783)
- Tangible fixed assets -€34,185
down €34,185 (-32.6%), from €104,703 to €70,517
of which Leasing and similar rights: -€22,407
Equity and liabilities
- Profit (loss) carried forward -€559,482
down €559,482 (-72.4%), from €772,268 to €212,786
- Trade debts -€129,783
down €129,783 (-13.3%), from €974,492 to €844,709
- Provisions -€82,170
down €82,170 (-62.4%), from €131,630 to €49,460
- Tax, wage and social debts +€74,132
up €74,132 (+46.7%), from €158,630 to €232,762
of which Remuneration and social security: +€45,406
- Debts after one year -€31,653
down €31,653 (-51.6%), from €61,362 to €29,708
Income statement
- Turnover -€1.4m
down €1.4m (-32.0%), from €4.3m to €2.9m
- Goods and materials -€571,648
down €571,648 (-18.9%), from €3.0m to €2.5m
of which Purchases: -€534,401
- Provisions -€213,800
down €213,800, from €131,630 to -€82,170
- Other operating income -€109,915
down €109,915 (-91.3%), from €120,445 to €10,530
- Services and other goods +€88,071
up €88,071 (+22.4%), from €392,843 to €480,913
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.
Result 2024
€228,523
Turnover
-€1.4m
Other operating income
-€109,915
Goods and materials
+€571,648
Services and other goods
-€88,071
Staff costs
-€56,091
Depreciation
-€8,653
Write-downs
-€27,768
Provisions
+€213,800
Other operating charges
+€14,801
Financial income
+€2,453
Financial charges
+€81,467
Taxes
-€480
Result 2025
-€559,482
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.
From operations
-€62,425
Investment
-€1,349
Financing
-€18,750
Cash 2024
€121,050
From operations (derived)
-€62,425
Net result for the year
-€559,482
Depreciation
+€35,535
Receivables within one year
+€713,146
Deferred charges and accrued income
-€115,566
Provisions
-€82,170
Trade debts
-€129,783
Tax, wage and social debts
+€74,132
Other debts
+€1,763
Investment (derived)
-€1,349
Investment in fixed assets (net)
-€1,349
Financing
-€18,750
Debts after one year
-€31,653
Current portion of long-term debt
+€12,903
Cash 2025
€38,526
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,525,437 | €1,811,146 | -€714,290 | -28.3% |
| Fixed assets | 21/28 | €227,938 | €193,753 | -€34,185 | -15.0% |
| Tangible fixed assets | 22/27 | €104,703 | €70,517 | -€34,185 | -32.6% |
| Plant, machinery and equipment | 23 | €3,150 | €3,250 | +€100 | +3.2% |
| Furniture and vehicles | 24 | €21,841 | €11,389 | -€10,452 | -47.9% |
| Leasing and similar rights | 25 | €73,638 | €51,231 | -€22,407 | -30.4% |
| Other tangible fixed assets | 26 | €6,074 | €4,648 | -€1,426 | -23.5% |
| Financial fixed assets | 28 | €123,235 | €123,235 | = | 0.0% |
| Other financial fixed assets | 284/8 | €123,235 | €123,235 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €123,235 | €123,235 | = | 0.0% |
| Current assets | 29/58 | €2,297,499 | €1,617,394 | -€680,105 | -29.6% |
| Amounts receivable within one year | 40/41 | €2,063,963 | €1,350,817 | -€713,146 | -34.6% |
| Trade receivables | 40 | €2,056,650 | €1,344,262 | -€712,388 | -34.6% |
| Other amounts receivable | 41 | €7,313 | €6,555 | -€758 | -10.4% |
| Cash at bank and in hand | 54/58 | €121,050 | €38,526 | -€82,525 | -68.2% |
| Deferred charges and accrued income | 490/1 | €112,486 | €228,052 | +€115,566 | +102.7% |
| Total equity and liabilities | 10/49 | €2,525,437 | €1,811,146 | -€714,290 | -28.3% |
| Equity | 10/15 | €936,480 | €376,998 | -€559,482 | -59.7% |
| Contributions | 10/11 | €149,284 | €149,284 | = | 0.0% |
| Capital | 10 | €149,284 | €149,284 | = | 0.0% |
| Issued capital | 100 | €149,284 | €149,284 | = | 0.0% |
| Reserves | 13 | €14,928 | €14,928 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,928 | €14,928 | = | 0.0% |
| Legal reserve | 130 | €14,928 | €14,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | €772,268 | €212,786 | -€559,482 | -72.4% |
| Provisions and deferred taxes | 16 | €131,630 | €49,460 | -€82,170 | -62.4% |
| Provisions for liabilities and charges | 160/5 | €131,630 | €49,460 | -€82,170 | -62.4% |
| Other liabilities and charges | 164/5 | €131,630 | €49,460 | -€82,170 | -62.4% |
| Amounts payable | 17/49 | €1,457,326 | €1,384,688 | -€72,638 | -5.0% |
| Amounts payable after more than one year | 17 | €61,362 | €29,708 | -€31,653 | -51.6% |
| Financial debts | 170/4 | €61,362 | €29,708 | -€31,653 | -51.6% |
| Leasing and similar obligations | 172 | €61,362 | €29,708 | -€31,653 | -51.6% |
| Amounts payable within one year | 42/48 | €1,395,965 | €1,354,980 | -€40,985 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €12,737 | €25,640 | +€12,903 | +101.3% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €974,492 | €844,709 | -€129,783 | -13.3% |
| Suppliers | 440/4 | €974,492 | €844,709 | -€129,783 | -13.3% |
| Taxes, remuneration and social security | 45 | €158,630 | €232,762 | +€74,132 | +46.7% |
| Taxes | 450/3 | €112,552 | €141,278 | +€28,726 | +25.5% |
| Remuneration and social security | 454/9 | €46,078 | €91,484 | +€45,406 | +98.5% |
| Other amounts payable | 47/48 | €106 | €1,869 | +€1,763 | +1661.6% |
| Operating income | 70/76A | €4,435,092 | €2,943,982 | -€1.5m | -33.6% |
| Turnover | 70 | €4,314,647 | €2,933,452 | -€1.4m | -32.0% |
| Other operating income | 74 | €120,445 | €10,530 | -€109,915 | -91.3% |
| Operating charges | 60/66A | €4,079,565 | €3,459,898 | -€619,666 | -15.2% |
| Goods for resale, raw materials and consumables | 60 | €3,022,139 | €2,450,492 | -€571,648 | -18.9% |
| Purchases | 600/8 | €2,984,893 | €2,450,492 | -€534,401 | -17.9% |
| Change in stocks: decrease (increase) | 609 | €37,246 | - | -€37,246 | |
| Services and other goods | 61 | €392,843 | €480,913 | +€88,071 | +22.4% |
| Remuneration, social security and pensions | 62 | €504,816 | €560,907 | +€56,091 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,881 | €35,535 | +€8,653 | +32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,768 | - | +€27,768 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €131,630 | -€82,170 | -€213,800 | |
| Other operating charges | 640/8 | €29,023 | €14,221 | -€14,801 | -51.0% |
| Operating profit (loss) | 9901 | €355,528 | -€515,917 | -€871,444 | |
| Financial income | 75/76B | €2,053 | €4,506 | +€2,453 | +119.4% |
| Recurring financial income | 75 | €2,053 | €4,506 | +€2,453 | +119.4% |
| Income from financial fixed assets | 750 | €1,186 | €4,267 | +€3,081 | +259.7% |
| Income from current assets | 751 | €193 | - | -€193 | |
| Other financial income | 752/9 | €674 | €239 | -€435 | -64.6% |
| Financial charges | 65/66B | €127,653 | €46,187 | -€81,467 | -63.8% |
| Recurring financial charges | 65 | €127,653 | €46,187 | -€81,467 | -63.8% |
| Debt charges | 650 | €119,242 | €27,833 | -€91,409 | -76.7% |
| Other financial charges | 652/9 | €8,411 | €18,354 | +€9,943 | +118.2% |
| Profit (loss) for the period before taxes | 9903 | €229,928 | -€557,597 | -€787,525 | |
| Income taxes | 67/77 | €1,405 | €1,885 | +€480 | +34.1% |
| Taxes | 670/3 | €1,405 | €1,885 | +€480 | +34.1% |
| Profit (loss) for the period | 9904 | €228,523 | -€559,482 | -€788,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €228,523 | -€559,482 | -€788,005 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.