BRUFA: what changed
What changed
BRUFA
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€6,644
2024 · €37,740-€31,096
Equity
€1.7m
2024 · €2.4m-€634,079
Cash
€502,433
2024 · €471,108+€31,324
Balance sheet total
€2.4m
2024 · €2.4m-€26,336
Largest movements
Assets
- Cash +€31,324
up €31,324 (+6.6%), from €471,108 to €502,433
mainly Other debts (+€621,514) and Receivables within one year (+€25,523)
- Receivables within one year -€25,523
down €25,523 (-6.2%), from €412,059 to €386,536
of which Other amounts receivable: -€21,945
Equity and liabilities
- Reserves -€634,079
down €634,079 (-78.1%), from €812,174 to €178,095
of which Distributable reserves: -€634,079
- Other debts +€621,514
up €621,514 (+2,204%), from €28,196 to €649,710
Income statement
- Gross operating margin -€41,334
down €41,334 (-38.7%), from €106,707 to €65,372
- Taxes -€12,731
down €12,731 (-70.6%), from €18,029 to €5,298
- Other operating charges +€4,323
up €4,323 (+15.7%), from €27,602 to €31,924
- Depreciation -€1,851
down €1,851 (-7.4%), from €25,055 to €23,205
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€37,740
Gross operating margin
-€41,334
Depreciation
+€1,851
Other operating charges
-€4,323
Financial income
-€306
Financial charges
+€286
Taxes
+€12,731
Result 2025
€6,644
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€672,047
Investment
€0
Financing
-€640,723
Cash 2024
€471,108
From operations (derived)
+€672,047
Net result for the year
+€6,644
Depreciation
+€23,205
Receivables within one year
+€25,523
Deferred charges and accrued income
+€8,932
Trade debts
-€9,850
Tax, wage and social debts
-€2,809
Other debts
+€621,514
Accrued charges and deferred income
-€1,110
Financing
-€640,723
Contributions, distributions and other
-€640,723
Cash 2025
€502,433
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,419,603 | €2,393,267 | -€26,336 | -1.1% |
| Fixed assets | 21/28 | €1,524,135 | €1,500,930 | -€23,205 | -1.5% |
| Tangible fixed assets | 22/27 | €537,142 | €513,937 | -€23,205 | -4.3% |
| Land and buildings | 22 | €521,002 | €508,106 | -€12,896 | -2.5% |
| Plant, machinery and equipment | 23 | €15,947 | €5,831 | -€10,115 | -63.4% |
| Furniture and vehicles | 24 | €193 | €0 | -€193 | -100% |
| Financial fixed assets | 28 | €986,993 | €986,993 | = | 0.0% |
| Current assets | 29/58 | €895,468 | €892,337 | -€3,131 | -0.3% |
| Amounts receivable within one year | 40/41 | €412,059 | €386,536 | -€25,523 | -6.2% |
| Trade receivables | 40 | €37,663 | €34,085 | -€3,578 | -9.5% |
| Other amounts receivable | 41 | €374,396 | €352,451 | -€21,945 | -5.9% |
| Cash at bank and in hand | 54/58 | €471,108 | €502,433 | +€31,324 | +6.6% |
| Deferred charges and accrued income | 490/1 | €12,300 | €3,368 | -€8,932 | -72.6% |
| Total equity and liabilities | 10/49 | €2,419,603 | €2,393,267 | -€26,336 | -1.1% |
| Equity | 10/15 | €2,372,936 | €1,738,856 | -€634,079 | -26.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €812,174 | €178,095 | -€634,079 | -78.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €805,974 | €171,895 | -€634,079 | -78.7% |
| Profit (loss) carried forward | 14 | €1,498,761 | €1,498,761 | +€0 | 0.0% |
| Amounts payable | 17/49 | €46,667 | €654,411 | +€607,744 | +1,302% |
| Amounts payable within one year | 42/48 | €45,557 | €654,411 | +€608,854 | +1,336% |
| Trade debts | 44 | €12,294 | €2,444 | -€9,850 | -80.1% |
| Suppliers | 440/4 | €12,294 | €2,444 | -€9,850 | -80.1% |
| Taxes, remuneration and social security | 45 | €5,066 | €2,257 | -€2,809 | -55.5% |
| Taxes | 450/3 | €5,066 | €2,257 | -€2,809 | -55.5% |
| Other amounts payable | 47/48 | €28,196 | €649,710 | +€621,514 | +2,204% |
| Accrued charges and deferred income | 492/3 | €1,110 | - | -€1,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,055 | €23,205 | -€1,851 | -7.4% |
| Other operating charges | 640/8 | €27,602 | €31,924 | +€4,323 | +15.7% |
| Gross operating margin | 9900 | €106,707 | €65,372 | -€41,334 | -38.7% |
| Operating profit (loss) | 9901 | €54,050 | €10,243 | -€43,807 | -81.0% |
| Financial income | 75/76B | €2,315 | €2,009 | -€306 | -13.2% |
| Recurring financial income | 75 | €2,315 | €2,009 | -€306 | -13.2% |
| Financial charges | 65/66B | €596 | €311 | -€286 | -47.9% |
| Recurring financial charges | 65 | €596 | €311 | -€286 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €55,769 | €11,941 | -€43,827 | -78.6% |
| Income taxes | 67/77 | €18,029 | €5,298 | -€12,731 | -70.6% |
| Profit (loss) for the period | 9904 | €37,740 | €6,644 | -€31,096 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,740 | €6,644 | -€31,096 | -82.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.