BRUDO: 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.
What changed
BRUDO
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€483,997
2024 · €152,296+€331,701
Equity
€1.7m
2024 · €1.2m+€483,997
Cash
€82,386
2024 · €101,482-€19,096
Balance sheet total
€2.7m
2024 · €3.3m-€663,777
Largest movements
Assets
- Current investments -€650,000
down €650,000 (-100.0%), from €650,000 to €0
Equity and liabilities
- Other debts -€589,930
down €589,930 (-65.7%), from €897,829 to €307,900
- Debts after one year -€520,442
down €520,442 (-94.2%), from €552,671 to €32,229
- Profit (loss) carried forward +€433,984
up €433,984 (+84.1%), from €516,272 to €950,256
- Reserves +€50,013
up €50,013 (+141.8%), from €35,282 to €85,296
Income statement
- Financial income +€489,715
up €489,715 (+3455.0%), from €14,174 to €503,889
- Turnover -€220,000
down €220,000 (-27.0%), from €814,000 to €594,000
- Taxes -€54,642
down €54,642 (-98.2%), from €55,618 to €976
of which Taxes: -€54,452
- Financial charges -€17,094
down €17,094 (-27.9%), from €61,267 to €44,173
- Services and other goods +€14,317
up €14,317 (+8.3%), from €172,735 to €187,052
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
€152,296
Turnover
-€220,000
Other operating income
+€700
Services and other goods
-€14,317
Staff costs
+€3,793
Depreciation
+€187
Other operating charges
-€113
Financial income
+€489,715
Financial charges
+€17,094
Taxes
+€54,642
Result 2025
€483,997
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
-€149,452
Investment
+€650,000
Financing
-€519,644
Cash 2024
€101,482
From operations (derived)
-€149,452
Net result for the year
+€483,997
Receivables within one year
-€7,004
Deferred charges and accrued income
+€1,685
Trade debts
+€3,743
Tax, wage and social debts
-€24,923
Other debts
-€589,930
Accrued charges and deferred income
-€17,020
Investment (derived)
+€650,000
Current investments
+€650,000
Financing
-€519,644
Debts after one year
-€520,442
Current portion of long-term debt
+€798
Cash 2025
€82,386
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,314,476 | €2,650,700 | -€663,777 | -20.0% |
| Fixed assets | 21/28 | €2,498,000 | €2,498,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,498,000 | €2,498,000 | = | 0.0% |
| Affiliated companies | 280/1 | €2,498,000 | €2,498,000 | = | 0.0% |
| Participating interests | 280 | €2,498,000 | €2,498,000 | = | 0.0% |
| Current assets | 29/58 | €816,476 | €152,700 | -€663,777 | -81.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €62,787 | €69,791 | +€7,004 | +11.2% |
| Trade receivables | 40 | €47,000 | €52,000 | +€5,000 | +10.6% |
| Other amounts receivable | 41 | €15,787 | €17,791 | +€2,004 | +12.7% |
| Current investments | 50/53 | €650,000 | €0 | -€650,000 | -100.0% |
| Other investments | 51/53 | €650,000 | €0 | -€650,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €101,482 | €82,386 | -€19,096 | -18.8% |
| Deferred charges and accrued income | 490/1 | €2,207 | €522 | -€1,685 | -76.3% |
| Total equity and liabilities | 10/49 | €3,314,476 | €2,650,700 | -€663,777 | -20.0% |
| Equity | 10/15 | €1,181,554 | €1,665,551 | +€483,997 | +41.0% |
| Contributions | 10/11 | €630,000 | €630,000 | = | 0.0% |
| Capital | 10 | €630,000 | €630,000 | = | 0.0% |
| Issued capital | 100 | €630,000 | €630,000 | = | 0.0% |
| Reserves | 13 | €35,282 | €85,296 | +€50,013 | +141.8% |
| Non-distributable reserves | 130/1 | €35,282 | €85,296 | +€50,013 | +141.8% |
| Legal reserve | 130 | €35,282 | €85,296 | +€50,013 | +141.8% |
| Profit (loss) carried forward | 14 | €516,272 | €950,256 | +€433,984 | +84.1% |
| Amounts payable | 17/49 | €2,132,922 | €985,148 | -€1.1m | -53.8% |
| Amounts payable after more than one year | 17 | €552,671 | €32,229 | -€520,442 | -94.2% |
| Financial debts | 170/4 | €552,671 | €32,229 | -€520,442 | -94.2% |
| Subordinated loans | 170 | €500,000 | €0 | -€500,000 | -100.0% |
| Other loans | 174 | €52,671 | €32,229 | -€20,442 | -38.8% |
| Amounts payable within one year | 42/48 | €1,520,981 | €910,669 | -€610,313 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €519,644 | €520,442 | +€798 | +0.2% |
| Trade debts | 44 | €11,485 | €15,228 | +€3,743 | +32.6% |
| Suppliers | 440/4 | €11,485 | €15,228 | +€3,743 | +32.6% |
| Taxes, remuneration and social security | 45 | €92,022 | €67,099 | -€24,923 | -27.1% |
| Taxes | 450/3 | €12,865 | €11,512 | -€1,354 | -10.5% |
| Remuneration and social security | 454/9 | €79,157 | €55,587 | -€23,570 | -29.8% |
| Other amounts payable | 47/48 | €897,829 | €307,900 | -€589,930 | -65.7% |
| Accrued charges and deferred income | 492/3 | €59,270 | €42,250 | -€17,020 | -28.7% |
| Operating income | 70/76A | €825,458 | €606,158 | -€219,300 | -26.6% |
| Turnover | 70 | €814,000 | €594,000 | -€220,000 | -27.0% |
| Other operating income | 74 | €11,458 | €12,158 | +€700 | +6.1% |
| Operating charges | 60/66A | €570,451 | €580,901 | +€10,450 | +1.8% |
| Services and other goods | 61 | €172,735 | €187,052 | +€14,317 | +8.3% |
| Remuneration, social security and pensions | 62 | €396,189 | €392,396 | -€3,793 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €0 | -€187 | -100.0% |
| Other operating charges | 640/8 | €1,341 | €1,454 | +€113 | +8.4% |
| Operating profit (loss) | 9901 | €255,007 | €25,257 | -€229,750 | -90.1% |
| Financial income | 75/76B | €14,174 | €503,889 | +€489,715 | +3455.0% |
| Recurring financial income | 75 | €14,174 | €503,889 | +€489,715 | +3455.0% |
| Income from financial fixed assets | 750 | - | €500,000 | +€500,000 | |
| Income from current assets | 751 | €14,174 | €3,889 | -€10,285 | -72.6% |
| Financial charges | 65/66B | €61,267 | €44,173 | -€17,094 | -27.9% |
| Recurring financial charges | 65 | €61,267 | €44,173 | -€17,094 | -27.9% |
| Debt charges | 650 | €61,208 | €44,127 | -€17,080 | -27.9% |
| Other financial charges | 652/9 | €59 | €45 | -€14 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €207,914 | €484,973 | +€277,059 | +133.3% |
| Income taxes | 67/77 | €55,618 | €976 | -€54,642 | -98.2% |
| Taxes | 670/3 | €55,618 | €1,167 | -€54,452 | -97.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €191 | +€191 | |
| Profit (loss) for the period | 9904 | €152,296 | €483,997 | +€331,701 | +217.8% |
| Profit (loss) for the period to be appropriated | 9905 | €152,296 | €483,997 | +€331,701 | +217.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.