BRUGMO: 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.
BRUGMO
Largest movements
- Cash +€196,530
up €196,530 (+465.3%), from €42,236 to €238,766
mainly Net result for the year (+€135,930) and Receivables within one year (+€26,575)
- Receivables within one year -€26,575
down €26,575 (-100.0%), from €26,575 to €0
- Tangible fixed assets -€18,168
down €18,168 (-32.9%), from €55,296 to €37,128
- Reserves +€135,930
up €135,930 (+5002.4%), from €2,717 to €138,647
- Tax, wage and social debts +€18,934
up €18,934, from €0 to €18,934
- Revaluation surpluses -€4,976
down €4,976 (-32.8%), from €15,150 to €10,174
- Gross operating margin +€191,852
up €191,852 (+1621.7%), from €11,830 to €203,682
- Taxes +€61,509
up €61,509 (+3194.5%), from €1,925 to €63,434
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 | €126,006 | €275,894 | +€149,888 | +119.0% |
| Fixed assets | 21/28 | €55,296 | €37,128 | -€18,168 | -32.9% |
| Tangible fixed assets | 22/27 | €55,296 | €37,128 | -€18,168 | -32.9% |
| Land and buildings | 22 | €55,296 | €37,128 | -€18,168 | -32.9% |
| Current assets | 29/58 | €70,710 | €238,766 | +€168,055 | +237.7% |
| Amounts receivable within one year | 40/41 | €26,575 | €0 | -€26,575 | -100.0% |
| Other amounts receivable | 41 | €26,575 | €0 | -€26,575 | -100.0% |
| Cash at bank and in hand | 54/58 | €42,236 | €238,766 | +€196,530 | +465.3% |
| Deferred charges and accrued income | 490/1 | €1,900 | €0 | -€1,900 | -100.0% |
| Total equity and liabilities | 10/49 | €126,006 | €275,894 | +€149,888 | +119.0% |
| Equity | 10/15 | €126,006 | €256,960 | +€130,954 | +103.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Revaluation surpluses | 12 | €15,150 | €10,174 | -€4,976 | -32.8% |
| Reserves | 13 | €2,717 | €138,647 | +€135,930 | +5002.4% |
| Distributable reserves | 133 | €2,717 | €138,647 | +€135,930 | +5002.4% |
| Profit (loss) carried forward | 14 | €77,139 | €77,139 | = | 0.0% |
| Amounts payable | 17/49 | €0 | €18,934 | +€18,934 | |
| Amounts payable within one year | 42/48 | €0 | €18,934 | +€18,934 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €18,934 | +€18,934 | |
| Taxes | 450/3 | €0 | €18,934 | +€18,934 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €7 | -€765 | -99.1% |
| Other operating charges | 640/8 | €3,313 | €4,265 | +€952 | +28.7% |
| Gross operating margin | 9900 | €11,830 | €203,682 | +€191,852 | +1621.7% |
| Operating profit (loss) | 9901 | €7,745 | €199,410 | +€191,665 | +2474.6% |
| Financial charges | 65/66B | €44 | €46 | +€2 | +5.5% |
| Recurring financial charges | 65 | €44 | €46 | +€2 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €7,702 | €199,364 | +€191,662 | +2488.6% |
| Income taxes | 67/77 | €1,925 | €63,434 | +€61,509 | +3194.5% |
| Profit (loss) for the period | 9904 | €5,776 | €135,930 | +€130,154 | +2253.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,776 | €135,930 | +€130,154 | +2253.2% |
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 9 October 2026 via checked.be.