Brukatem: 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.
Brukatem
Largest movements
- Current investments +€250,000
up €250,000 (+500%), from €50,000 to €300,000
- Cash -€153,718
down €153,718 (-77.0%), from €199,761 to €46,042
mainly Current investments (-€250,000) and Contributions, distributions and other (-€169,000)
- Receivables within one year +€113,779
up €113,779 (+78.6%), from €144,834 to €258,612
of which Other amounts receivable: +€220,886
- Intangible fixed assets -€71,624
no longer reported in 2025 (was €71,624)
- Tangible fixed assets +€21,926
up €21,926 (+5.0%), from €439,868 to €461,794
of which Furniture and vehicles: +€37,021
- Profit (loss) carried forward +€145,124
up €145,124 (+95.2%), from €152,446 to €297,570
- Other debts +€71,227
up €71,227 (+48.2%), from €147,773 to €219,000
- Tax, wage and social debts -€66,916
down €66,916 (-89.9%), from €74,449 to €7,532
of which Taxes: -€54,889
- Current portion of long-term debt +€19,052
up €19,052 (+66.2%), from €28,766 to €47,818
- Reserves -€16,000
down €16,000 (-8.0%), from €198,860 to €182,860
of which Distributable reserves: -€14,140
- Staff costs -€67,083
down €67,083 (-67.4%), from €99,524 to €32,440
- Gross operating margin -€56,144
down €56,144 (-10.8%), from €517,795 to €461,651
- Depreciation -€54,278
down €54,278 (-66.5%), from €81,622 to €27,344
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 | €910,942 | €1,069,002 | +€158,060 | +17.4% |
| Fixed assets | 21/28 | €512,117 | €462,419 | -€49,698 | -9.7% |
| Intangible fixed assets | 21 | €71,624 | - | -€71,624 | |
| Tangible fixed assets | 22/27 | €439,868 | €461,794 | +€21,926 | +5.0% |
| Land and buildings | 22 | €379,072 | €364,791 | -€14,281 | -3.8% |
| Plant, machinery and equipment | 23 | €4,568 | €3,754 | -€814 | -17.8% |
| Furniture and vehicles | 24 | €56,228 | €93,249 | +€37,021 | +65.8% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €398,825 | €606,583 | +€207,758 | +52.1% |
| Amounts receivable within one year | 40/41 | €144,834 | €258,612 | +€113,779 | +78.6% |
| Trade receivables | 40 | €113,333 | €6,226 | -€107,107 | -94.5% |
| Other amounts receivable | 41 | €31,501 | €252,387 | +€220,886 | +701% |
| Current investments | 50/53 | €50,000 | €300,000 | +€250,000 | +500% |
| Cash at bank and in hand | 54/58 | €199,761 | €46,042 | -€153,718 | -77.0% |
| Deferred charges and accrued income | 490/1 | €4,230 | €1,928 | -€2,302 | -54.4% |
| Total equity and liabilities | 10/49 | €910,942 | €1,069,002 | +€158,060 | +17.4% |
| Equity | 10/15 | €369,906 | €499,030 | +€129,124 | +34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,860 | €182,860 | -€16,000 | -8.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €197,000 | €182,860 | -€14,140 | -7.2% |
| Profit (loss) carried forward | 14 | €152,446 | €297,570 | +€145,124 | +95.2% |
| Amounts payable | 17/49 | €541,035 | €569,971 | +€28,936 | +5.3% |
| Amounts payable after more than one year | 17 | €283,220 | €283,049 | -€170 | -0.1% |
| Financial debts | 170/4 | €283,220 | €283,049 | -€170 | -0.1% |
| Amounts payable within one year | 42/48 | €257,816 | €286,922 | +€29,107 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €28,766 | €47,818 | +€19,052 | +66.2% |
| Trade debts | 44 | €6,828 | €12,571 | +€5,743 | +84.1% |
| Suppliers | 440/4 | €6,828 | €12,571 | +€5,743 | +84.1% |
| Taxes, remuneration and social security | 45 | €74,449 | €7,532 | -€66,916 | -89.9% |
| Taxes | 450/3 | €57,189 | €2,299 | -€54,889 | -96.0% |
| Remuneration and social security | 454/9 | €17,260 | €5,233 | -€12,027 | -69.7% |
| Other amounts payable | 47/48 | €147,773 | €219,000 | +€71,227 | +48.2% |
| Non-recurring operating income | 76A | €206,632 | €339,376 | +€132,743 | +64.2% |
| Remuneration, social security and pensions | 62 | €99,524 | €32,440 | -€67,083 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,622 | €27,344 | -€54,278 | -66.5% |
| Other operating charges | 640/8 | €1,431 | €829 | -€602 | -42.0% |
| Gross operating margin | 9900 | €517,795 | €461,651 | -€56,144 | -10.8% |
| Operating profit (loss) | 9901 | €335,219 | €401,038 | +€65,819 | +19.6% |
| Financial income | 75/76B | €3,012 | €2,424 | -€588 | -19.5% |
| Recurring financial income | 75 | €3,012 | €2,424 | -€588 | -19.5% |
| Financial charges | 65/66B | €11,454 | €8,515 | -€2,939 | -25.7% |
| Recurring financial charges | 65 | €11,454 | €8,515 | -€2,939 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €326,777 | €394,947 | +€68,170 | +20.9% |
| Income taxes | 67/77 | €91,978 | €96,823 | +€4,845 | +5.3% |
| Profit (loss) for the period | 9904 | €234,799 | €298,124 | +€63,325 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €234,799 | €298,124 | +€63,325 | +27.0% |
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 14 October 2026 via checked.be.