BRUFONGEST: 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.
BRUFONGEST
Largest movements
- Receivables within one year -€335,743
down €335,743 (-6.3%), from €5.4m to €5.0m
of which Other amounts receivable: -€335,625
- Cash +€176,665
up €176,665 (+31.3%), from €564,298 to €740,963
mainly Receivables within one year (+€335,743) and Investment in fixed assets (net) (+€61,244)
- Tangible fixed assets -€76,197
down €76,197 (-10.0%), from €758,461 to €682,264
- Profit (loss) carried forward -€207,460
down €207,460 (-4.1%), from -€5.1m to -€5.3m
- Financial income +€96,781
up €96,781 (+120%), from €80,914 to €177,695
- Gross operating margin -€89,716
down €89,716 (-33.8%), from -€265,392 to -€355,108
- Financial charges -€44,533
down €44,533 (-89.7%), from €49,639 to €5,106
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.
Derived cash bridge
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 | €7,303,689 | €7,065,415 | -€238,274 | -3.3% |
| Fixed assets | 21/28 | €1,119,024 | €1,042,827 | -€76,197 | -6.8% |
| Tangible fixed assets | 22/27 | €758,461 | €682,264 | -€76,197 | -10.0% |
| Land and buildings | 22 | €758,461 | €682,264 | -€76,197 | -10.0% |
| Financial fixed assets | 28 | €360,563 | €360,563 | = | 0.0% |
| Current assets | 29/58 | €6,184,666 | €6,022,588 | -€162,077 | -2.6% |
| Amounts receivable within one year | 40/41 | €5,358,148 | €5,022,405 | -€335,743 | -6.3% |
| Trade receivables | 40 | €117 | - | -€117 | |
| Other amounts receivable | 41 | €5,358,031 | €5,022,405 | -€335,625 | -6.3% |
| Current investments | 50/53 | €256,220 | €256,220 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €564,298 | €740,963 | +€176,665 | +31.3% |
| Deferred charges and accrued income | 490/1 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Total equity and liabilities | 10/49 | €7,303,689 | €7,065,415 | -€238,274 | -3.3% |
| Equity | 10/15 | -€2,719,261 | -€2,926,721 | -€207,460 | -7.6% |
| Contributions | 10/11 | €2,175,000 | €2,175,000 | = | 0.0% |
| Capital | 10 | €2,175,000 | €2,175,000 | = | 0.0% |
| Issued capital | 100 | €2,175,000 | €2,175,000 | = | 0.0% |
| Reserves | 13 | €217,500 | €217,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €217,500 | €217,500 | = | 0.0% |
| Legal reserve | 130 | €217,500 | €217,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,111,761 | -€5,319,221 | -€207,460 | -4.1% |
| Amounts payable | 17/49 | €10,022,951 | €9,992,137 | -€30,814 | -0.3% |
| Amounts payable within one year | 42/48 | €10,022,951 | €9,991,577 | -€31,374 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €33,336 | - | -€33,336 | |
| Trade debts | 44 | - | €1,680 | +€1,680 | |
| Suppliers | 440/4 | - | €1,680 | +€1,680 | |
| Other amounts payable | 47/48 | €9,989,614 | €9,989,896 | +€282 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €560 | +€560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,396 | €14,953 | +€557 | +3.9% |
| Other operating charges | 640/8 | €8,039 | €8,290 | +€251 | +3.1% |
| Gross operating margin | 9900 | -€265,392 | -€355,108 | -€89,716 | -33.8% |
| Operating profit (loss) | 9901 | -€287,827 | -€378,351 | -€90,525 | -31.5% |
| Financial income | 75/76B | €80,914 | €177,695 | +€96,781 | +120% |
| Recurring financial income | 75 | €80,914 | €177,695 | +€96,781 | +120% |
| Financial charges | 65/66B | €49,639 | €5,106 | -€44,533 | -89.7% |
| Recurring financial charges | 65 | €49,639 | €5,106 | -€44,533 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | -€256,552 | -€205,763 | +€50,789 | +19.8% |
| Income taxes | 67/77 | - | €1,697 | +€1,697 | |
| Profit (loss) for the period | 9904 | -€256,552 | -€207,460 | +€49,091 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€256,552 | -€207,460 | +€49,091 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.