Brufranco: 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.
Brufranco
Largest movements
- Financial fixed assets -€48,500
down €48,500 (-58.1%), from €83,500 to €35,000
- Receivables within one year +€17,440
up €17,440 (+2285.7%), from €763 to €18,203
of which Trade receivables: +€18,203
- Cash -€870
down €870 (-94.2%), from €924 to €54
mainly Net result for the year (-€52,783) and Receivables within one year (-€17,440)
- Reserves -€41,470
no longer reported in 2025 (was €41,470)
- Other debts +€27,645
up €27,645 (+43331.4%), from €64 to €27,709
- Profit (loss) carried forward -€11,313
new in 2025: -€11,313
- Current portion of long-term debt -€9,432
no longer reported in 2025 (was €9,432)
- Trade debts +€2,573
up €2,573 (+16.4%), from €15,696 to €18,269
- Financial charges +€42,499
up €42,499 (+679.3%), from €6,256 to €48,755
of which Non-recurring financial charges: +€48,500
- Gross operating margin -€8,425
down €8,425, from €4,617 to -€3,808
- Depreciation -€3,785
no longer reported in 2025 (was €3,785)
- Taxes -€1,390
no longer reported in 2025 (was €1,390)
- Other operating charges -€181
down €181 (-45.2%), from €401 to €220
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 | €85,253 | €53,257 | -€31,997 | -37.5% |
| Fixed assets | 21/28 | €83,500 | €35,000 | -€48,500 | -58.1% |
| Financial fixed assets | 28 | €83,500 | €35,000 | -€48,500 | -58.1% |
| Current assets | 29/58 | €1,753 | €18,257 | +€16,503 | +941.2% |
| Amounts receivable within one year | 40/41 | €763 | €18,203 | +€17,440 | +2285.7% |
| Trade receivables | 40 | - | €18,203 | +€18,203 | |
| Other amounts receivable | 41 | €763 | - | -€763 | |
| Cash at bank and in hand | 54/58 | €924 | €54 | -€870 | -94.2% |
| Deferred charges and accrued income | 490/1 | €67 | - | -€67 | |
| Total equity and liabilities | 10/49 | €85,253 | €53,257 | -€31,997 | -37.5% |
| Equity | 10/15 | €60,062 | €7,279 | -€52,783 | -87.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €41,470 | - | -€41,470 | |
| Distributable reserves | 133 | €41,470 | - | -€41,470 | |
| Profit (loss) carried forward | 14 | - | -€11,313 | -€11,313 | |
| Amounts payable | 17/49 | €25,192 | €45,978 | +€20,786 | +82.5% |
| Amounts payable within one year | 42/48 | €25,192 | €45,978 | +€20,786 | +82.5% |
| Current portion of amounts payable after more than one year | 42 | €9,432 | - | -€9,432 | |
| Trade debts | 44 | €15,696 | €18,269 | +€2,573 | +16.4% |
| Suppliers | 440/4 | €15,696 | €18,269 | +€2,573 | +16.4% |
| Other amounts payable | 47/48 | €64 | €27,709 | +€27,645 | +43331.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,785 | - | -€3,785 | |
| Other operating charges | 640/8 | €401 | €220 | -€181 | -45.2% |
| Non-recurring operating charges | 66A | €38,206 | - | -€38,206 | |
| Gross operating margin | 9900 | €4,617 | -€3,808 | -€8,425 | |
| Operating profit (loss) | 9901 | -€37,775 | -€4,028 | +€33,747 | +89.3% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €6,256 | €48,755 | +€42,499 | +679.3% |
| Recurring financial charges | 65 | €6,256 | €255 | -€6,001 | -95.9% |
| Non-recurring financial charges | 66B | - | €48,500 | +€48,500 | |
| Profit (loss) for the period before taxes | 9903 | -€44,017 | -€52,783 | -€8,766 | -19.9% |
| Income taxes | 67/77 | €1,390 | - | -€1,390 | |
| Profit (loss) for the period | 9904 | -€45,406 | -€52,783 | -€7,377 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,406 | -€52,783 | -€7,377 | -16.2% |
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 7 October 2026 via checked.be.