BRUHO: 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.
BRUHO
Largest movements
- Stocks and contracts -€83,920
down €83,920 (-32.6%), from €257,700 to €173,780
- Tangible fixed assets -€43,415
down €43,415 (-31.2%), from €139,108 to €95,693
of which Land and buildings: -€61,651
- Cash -€32,705
down €32,705 (-38.1%), from €85,762 to €53,057
mainly Debts after one year (-€106,111) and Other debts (-€81,298)
- Receivables within one year +€22,038
up €22,038 (+71.0%), from €31,028 to €53,066
of which Trade receivables: +€22,545
- Debts after one year -€106,111
down €106,111 (-100.0%), from €106,111 to €0
- Current portion of long-term debt +€87,778
up €87,778 (+478.8%), from €18,333 to €106,111
- Other debts -€81,298
down €81,298 (-22.0%), from €368,921 to €287,622
- Profit (loss) carried forward -€21,922
down €21,922 (-17.9%), from -€122,148 to -€144,070
- Trade debts -€17,421
down €17,421 (-59.0%), from €29,504 to €12,083
- Gross operating margin -€11,983
down €11,983 (-17.4%), from €68,742 to €56,758
- Depreciation +€3,029
up €3,029 (+4.8%), from €63,728 to €66,757
- Other operating charges +€2,328
up €2,328 (+47.0%), from €4,957 to €7,285
- Financial charges -€882
down €882 (-15.8%), from €5,573 to €4,692
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 | €513,597 | €375,596 | -€138,002 | -26.9% |
| Fixed assets | 21/28 | €139,108 | €95,693 | -€43,415 | -31.2% |
| Tangible fixed assets | 22/27 | €139,108 | €95,693 | -€43,415 | -31.2% |
| Land and buildings | 22 | €138,039 | €76,388 | -€61,651 | -44.7% |
| Plant, machinery and equipment | 23 | €1,069 | €4,407 | +€3,338 | +312.2% |
| Furniture and vehicles | 24 | - | €14,898 | +€14,898 | |
| Current assets | 29/58 | €374,489 | €279,903 | -€94,587 | -25.3% |
| Stocks and contracts in progress | 3 | €257,700 | €173,780 | -€83,920 | -32.6% |
| Stocks | 30/36 | €257,700 | €173,780 | -€83,920 | -32.6% |
| Amounts receivable within one year | 40/41 | €31,028 | €53,066 | +€22,038 | +71.0% |
| Trade receivables | 40 | €29,961 | €52,506 | +€22,545 | +75.2% |
| Other amounts receivable | 41 | €1,066 | €559 | -€507 | -47.5% |
| Cash at bank and in hand | 54/58 | €85,762 | €53,057 | -€32,705 | -38.1% |
| Total equity and liabilities | 10/49 | €513,597 | €375,596 | -€138,002 | -26.9% |
| Equity | 10/15 | -€9,798 | -€31,720 | -€21,922 | -223.7% |
| Contributions | 10/11 | €112,350 | €112,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,148 | -€144,070 | -€21,922 | -17.9% |
| Amounts payable | 17/49 | €523,395 | €407,315 | -€116,080 | -22.2% |
| Amounts payable after more than one year | 17 | €106,111 | €0 | -€106,111 | -100.0% |
| Financial debts | 170/4 | €106,111 | €0 | -€106,111 | -100.0% |
| Amounts payable within one year | 42/48 | €416,848 | €405,880 | -€10,967 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €18,333 | €106,111 | +€87,778 | +478.8% |
| Trade debts | 44 | €29,504 | €12,083 | -€17,421 | -59.0% |
| Suppliers | 440/4 | €29,504 | €12,083 | -€17,421 | -59.0% |
| Taxes, remuneration and social security | 45 | €89 | €63 | -€26 | -28.8% |
| Taxes | 450/3 | €89 | €63 | -€26 | -28.8% |
| Other amounts payable | 47/48 | €368,921 | €287,622 | -€81,298 | -22.0% |
| Accrued charges and deferred income | 492/3 | €437 | €1,435 | +€998 | +228.7% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,728 | €66,757 | +€3,029 | +4.8% |
| Other operating charges | 640/8 | €4,957 | €7,285 | +€2,328 | +47.0% |
| Gross operating margin | 9900 | €68,742 | €56,758 | -€11,983 | -17.4% |
| Operating profit (loss) | 9901 | €57 | -€17,283 | -€17,340 | |
| Financial income | 75/76B | €39 | €139 | +€100 | +257.0% |
| Recurring financial income | 75 | €39 | €139 | +€100 | +257.0% |
| Financial charges | 65/66B | €5,573 | €4,692 | -€882 | -15.8% |
| Recurring financial charges | 65 | €5,573 | €4,692 | -€882 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,477 | -€21,836 | -€16,358 | -298.6% |
| Income taxes | 67/77 | €100 | €86 | -€14 | -14.1% |
| Profit (loss) for the period | 9904 | -€5,577 | -€21,922 | -€16,344 | -293.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,577 | -€21,922 | -€16,344 | -293.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.