BRUERE: 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.
BRUERE
Largest movements
- Tangible fixed assets -€200,256
down €200,256 (-14.1%), from €1.4m to €1.2m
of which Plant, machinery and equipment: -€138,746
- Stocks and contracts +€35,213
up €35,213 (+13.7%), from €256,141 to €291,355
- Receivables within one year +€34,070
up €34,070 (+47.8%), from €71,347 to €105,417
of which Other amounts receivable: +€29,126
- Debts after one year -€187,001
down €187,001 (-20.8%), from €901,008 to €714,007
- Trade debts -€176,767
down €176,767 (-19.9%), from €890,148 to €713,382
- Profit (loss) carried forward +€119,726
up €119,726 (+55.4%), from -€216,033 to -€96,308
- Other debts +€62,000
new in 2025: €62,000
- Current portion of long-term debt +€26,664
up €26,664 (+18.0%), from €147,837 to €174,501
- Gross operating margin +€318,605
up €318,605 (+32.4%), from €983,132 to €1.3m
- Staff costs +€39,978
up €39,978 (+4.9%), from €809,266 to €849,244
- Depreciation -€25,189
down €25,189 (-10.6%), from €238,348 to €213,158
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 | €1,864,554 | €1,727,039 | -€137,515 | -7.4% |
| Fixed assets | 21/28 | €1,441,490 | €1,241,234 | -€200,256 | -13.9% |
| Tangible fixed assets | 22/27 | €1,419,239 | €1,218,983 | -€200,256 | -14.1% |
| Land and buildings | 22 | €237,968 | €195,821 | -€42,147 | -17.7% |
| Plant, machinery and equipment | 23 | €1,108,005 | €969,259 | -€138,746 | -12.5% |
| Furniture and vehicles | 24 | €68,429 | €49,801 | -€18,628 | -27.2% |
| Other tangible fixed assets | 26 | €4,837 | €4,102 | -€735 | -15.2% |
| Financial fixed assets | 28 | €22,251 | €22,251 | = | 0.0% |
| Current assets | 29/58 | €423,063 | €485,805 | +€62,741 | +14.8% |
| Stocks and contracts in progress | 3 | €256,141 | €291,355 | +€35,213 | +13.7% |
| Stocks | 30/36 | €256,141 | €291,355 | +€35,213 | +13.7% |
| Amounts receivable within one year | 40/41 | €71,347 | €105,417 | +€34,070 | +47.8% |
| Trade receivables | 40 | - | €4,943 | +€4,943 | |
| Other amounts receivable | 41 | €71,347 | €100,474 | +€29,126 | +40.8% |
| Cash at bank and in hand | 54/58 | €87,783 | €85,924 | -€1,859 | -2.1% |
| Deferred charges and accrued income | 490/1 | €7,792 | €3,109 | -€4,683 | -60.1% |
| Total equity and liabilities | 10/49 | €1,864,554 | €1,727,039 | -€137,515 | -7.4% |
| Equity | 10/15 | -€136,033 | -€16,308 | +€119,726 | +88.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,033 | -€96,308 | +€119,726 | +55.4% |
| Amounts payable | 17/49 | €2,000,587 | €1,743,347 | -€257,240 | -12.9% |
| Amounts payable after more than one year | 17 | €901,008 | €714,007 | -€187,001 | -20.8% |
| Financial debts | 170/4 | €901,008 | €714,007 | -€187,001 | -20.8% |
| Amounts payable within one year | 42/48 | €1,099,579 | €1,029,340 | -€70,240 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €147,837 | €174,501 | +€26,664 | +18.0% |
| Financial debts | 43 | €42 | €19,343 | +€19,301 | +45986.9% |
| Credit institutions | 430/8 | €42 | €19,343 | +€19,301 | +45986.9% |
| Trade debts | 44 | €890,148 | €713,382 | -€176,767 | -19.9% |
| Suppliers | 440/4 | €890,148 | €713,382 | -€176,767 | -19.9% |
| Taxes, remuneration and social security | 45 | €61,552 | €60,115 | -€1,437 | -2.3% |
| Taxes | 450/3 | €2,340 | €764 | -€1,576 | -67.3% |
| Remuneration and social security | 454/9 | €59,213 | €59,351 | +€138 | +0.2% |
| Other amounts payable | 47/48 | - | €62,000 | +€62,000 | |
| Non-recurring operating income | 76A | €2,667 | €3,045 | +€378 | +14.2% |
| Remuneration, social security and pensions | 62 | €809,266 | €849,244 | +€39,978 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,348 | €213,158 | -€25,189 | -10.6% |
| Other operating charges | 640/8 | €4,166 | €8,173 | +€4,007 | +96.2% |
| Gross operating margin | 9900 | €983,132 | €1,301,737 | +€318,605 | +32.4% |
| Operating profit (loss) | 9901 | -€68,647 | €231,162 | +€299,809 | |
| Financial income | 75/76B | €1,166 | €1,235 | +€69 | +5.9% |
| Recurring financial income | 75 | €1,166 | €1,235 | +€69 | +5.9% |
| Financial charges | 65/66B | €55,669 | €50,437 | -€5,233 | -9.4% |
| Recurring financial charges | 65 | €55,669 | €50,437 | -€5,233 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€123,151 | €181,960 | +€305,111 | |
| Income taxes | 67/77 | €234 | €234 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€123,385 | €181,726 | +€305,111 | |
| Profit (loss) for the period to be appropriated | 9905 | -€123,385 | €181,726 | +€305,111 |
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 5 October 2026 via checked.be.