BRUFICO: 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.
BRUFICO
Largest movements
- Receivables after one year -€34,650
down €34,650 (-46.8%), from €74,024 to €39,373
- Cash +€22,991
up €22,991 (+16.1%), from €142,464 to €165,455
mainly Receivables after one year (+€34,650) and Tax, wage and social debts (+€18,259)
- Receivables within one year -€10,127
down €10,127 (-8.2%), from €123,379 to €113,252
of which Trade receivables: -€9,632
- Deferred charges and accrued income +€4,298
up €4,298 (+59.7%), from €7,199 to €11,497
- Reserves -€43,910
down €43,910 (-36.4%), from €120,648 to €76,738
- Tax, wage and social debts +€18,259
up €18,259 (+70.0%), from €26,091 to €44,350
of which Taxes: +€16,286
- Trade debts +€6,405
up €6,405 (+29.4%), from €21,765 to €28,170
- Staff costs +€17,338
up €17,338 (+12.2%), from €142,159 to €159,497
- Gross operating margin -€6,086
down €6,086 (-3.2%), from €188,588 to €182,502
- Taxes -€6,016
down €6,016 (-43.8%), from €13,719 to €7,703
- Write-downs -€3,474
down €3,474, from €2,956 to -€518
- Financial income -€3,265
down €3,265 (-76.9%), from €4,245 to €980
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,996 | €343,214 | -€16,782 | -4.7% |
| Fixed assets | 21/28 | €5,209 | €5,916 | +€706 | +13.6% |
| Tangible fixed assets | 22/27 | €5,059 | €5,766 | +€706 | +14.0% |
| Furniture and vehicles | 24 | €5,059 | €5,766 | +€706 | +14.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €354,786 | €337,298 | -€17,488 | -4.9% |
| Amounts receivable after more than one year | 29 | €74,024 | €39,373 | -€34,650 | -46.8% |
| Other amounts receivable | 291 | €74,024 | €39,373 | -€34,650 | -46.8% |
| Amounts receivable within one year | 40/41 | €123,379 | €113,252 | -€10,127 | -8.2% |
| Trade receivables | 40 | €111,597 | €101,965 | -€9,632 | -8.6% |
| Other amounts receivable | 41 | €11,781 | €11,287 | -€495 | -4.2% |
| Current investments | 50/53 | €7,721 | €7,721 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €142,464 | €165,455 | +€22,991 | +16.1% |
| Deferred charges and accrued income | 490/1 | €7,199 | €11,497 | +€4,298 | +59.7% |
| Total equity and liabilities | 10/49 | €359,996 | €343,214 | -€16,782 | -4.7% |
| Equity | 10/15 | €251,515 | €207,608 | -€43,906 | -17.5% |
| Contributions | 10/11 | €6,545 | €6,545 | = | 0.0% |
| Reserves | 13 | €120,648 | €76,738 | -€43,910 | -36.4% |
| Distributable reserves | 133 | €120,648 | €76,738 | -€43,910 | -36.4% |
| Profit (loss) carried forward | 14 | €124,321 | €124,325 | +€4 | 0.0% |
| Provisions and deferred taxes | 16 | €4,000 | €4,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,000 | €4,000 | = | 0.0% |
| Environmental obligations | 163 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €104,481 | €131,605 | +€27,125 | +26.0% |
| Amounts payable within one year | 42/48 | €104,481 | €131,605 | +€27,125 | +26.0% |
| Financial debts | 43 | €2,624 | €4,340 | +€1,715 | +65.4% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €2,624 | €4,340 | +€1,715 | +65.4% |
| Trade debts | 44 | €21,765 | €28,170 | +€6,405 | +29.4% |
| Suppliers | 440/4 | €21,765 | €28,170 | +€6,405 | +29.4% |
| Taxes, remuneration and social security | 45 | €26,091 | €44,350 | +€18,259 | +70.0% |
| Taxes | 450/3 | €6,739 | €23,025 | +€16,286 | +241.7% |
| Remuneration and social security | 454/9 | €19,353 | €21,326 | +€1,973 | +10.2% |
| Other amounts payable | 47/48 | €54,000 | €54,746 | +€746 | +1.4% |
| Remuneration, social security and pensions | 62 | €142,159 | €159,497 | +€17,338 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,965 | €568 | -€2,397 | -80.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,956 | -€518 | -€3,474 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €856 | €1,442 | +€585 | +68.3% |
| Gross operating margin | 9900 | €188,588 | €182,502 | -€6,086 | -3.2% |
| Operating profit (loss) | 9901 | €39,651 | €21,512 | -€18,139 | -45.7% |
| Financial income | 75/76B | €4,245 | €980 | -€3,265 | -76.9% |
| Recurring financial income | 75 | €4,245 | €980 | -€3,265 | -76.9% |
| Financial charges | 65/66B | €409 | €535 | +€126 | +30.9% |
| Recurring financial charges | 65 | €409 | €535 | +€126 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €43,487 | €21,957 | -€21,530 | -49.5% |
| Income taxes | 67/77 | €13,719 | €7,703 | -€6,016 | -43.8% |
| Profit (loss) for the period | 9904 | €29,768 | €14,254 | -€15,515 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,768 | €14,254 | -€15,515 | -52.1% |
Source: filed annual accounts (NBB), fiscal years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.