BRULABO: 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.
BRULABO
Largest movements
- Current investments +€356,800
up €356,800 (+78.2%), from €456,231 to €813,031
- Cash -€84,126
down €84,126 (-40.9%), from €205,514 to €121,388
mainly Current investments (-€356,800) and Receivables within one year (-€51,803)
- Tangible fixed assets -€72,158
down €72,158 (-5.0%), from €1.4m to €1.4m
of which Land and buildings: -€56,403
- Receivables within one year +€51,803
up €51,803 (+38.5%), from €134,714 to €186,516
of which Other amounts receivable: +€50,479
- Reserves +€244,781
up €244,781 (+19.3%), from €1.3m to €1.5m
of which Distributable reserves: +€244,781
- Depreciation +€47,592
up €47,592 (+169.6%), from €28,057 to €75,650
- Gross operating margin +€43,319
up €43,319 (+1.9%), from €2.2m to €2.3m
- Staff costs -€23,343
down €23,343 (-1.2%), from €1.9m to €1.9m
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 | €2,326,703 | €2,565,001 | +€238,298 | +10.2% |
| Fixed assets | 21/28 | €1,456,592 | €1,384,060 | -€72,532 | -5.0% |
| Intangible fixed assets | 21 | €2,600 | €2,226 | -€374 | -14.4% |
| Tangible fixed assets | 22/27 | €1,445,384 | €1,373,225 | -€72,158 | -5.0% |
| Land and buildings | 22 | €1,410,072 | €1,353,669 | -€56,403 | -4.0% |
| Plant, machinery and equipment | 23 | €19,741 | €8,122 | -€11,619 | -58.9% |
| Furniture and vehicles | 24 | €15,571 | €11,434 | -€4,137 | -26.6% |
| Financial fixed assets | 28 | €8,609 | €8,609 | = | 0.0% |
| Current assets | 29/58 | €870,111 | €1,180,941 | +€310,830 | +35.7% |
| Amounts receivable within one year | 40/41 | €134,714 | €186,516 | +€51,803 | +38.5% |
| Trade receivables | 40 | €30,860 | €32,183 | +€1,323 | +4.3% |
| Other amounts receivable | 41 | €103,854 | €154,333 | +€50,479 | +48.6% |
| Current investments | 50/53 | €456,231 | €813,031 | +€356,800 | +78.2% |
| Cash at bank and in hand | 54/58 | €205,514 | €121,388 | -€84,126 | -40.9% |
| Deferred charges and accrued income | 490/1 | €73,653 | €60,006 | -€13,647 | -18.5% |
| Total equity and liabilities | 10/49 | €2,326,703 | €2,565,001 | +€238,298 | +10.2% |
| Equity | 10/15 | €1,382,643 | €1,627,425 | +€244,781 | +17.7% |
| Contributions | 10/11 | €111,250 | €111,250 | = | 0.0% |
| Reserves | 13 | €1,271,393 | €1,516,175 | +€244,781 | +19.3% |
| Non-distributable reserves | 130/1 | €174,592 | €174,592 | = | 0.0% |
| Reserves not available under the articles | 1311 | €174,592 | €174,592 | = | 0.0% |
| Distributable reserves | 133 | €1,096,801 | €1,341,582 | +€244,781 | +22.3% |
| Amounts payable | 17/49 | €944,060 | €937,576 | -€6,484 | -0.7% |
| Amounts payable after more than one year | 17 | €700,000 | €700,000 | = | 0.0% |
| Financial debts | 170/4 | €700,000 | €700,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €244,060 | €233,349 | -€10,711 | -4.4% |
| Trade debts | 44 | €45,766 | €40,991 | -€4,775 | -10.4% |
| Suppliers | 440/4 | €45,766 | €40,991 | -€4,775 | -10.4% |
| Taxes, remuneration and social security | 45 | €198,294 | €192,358 | -€5,936 | -3.0% |
| Taxes | 450/3 | €55,988 | €53,270 | -€2,718 | -4.9% |
| Remuneration and social security | 454/9 | €142,307 | €139,088 | -€3,218 | -2.3% |
| Accrued charges and deferred income | 492/3 | - | €4,228 | +€4,228 | |
| Remuneration, social security and pensions | 62 | €1,934,681 | €1,911,337 | -€23,343 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,057 | €75,650 | +€47,592 | +169.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€60 | -€1,715 | -€1,654 | -2734.5% |
| Other operating charges | 640/8 | €19,578 | €40,307 | +€20,729 | +105.9% |
| Gross operating margin | 9900 | €2,236,706 | €2,280,025 | +€43,319 | +1.9% |
| Operating profit (loss) | 9901 | €254,451 | €254,446 | -€5 | 0.0% |
| Financial income | 75/76B | €200 | €13,646 | +€13,445 | +6716.0% |
| Recurring financial income | 75 | €200 | €13,646 | +€13,445 | +6716.0% |
| Financial charges | 65/66B | €2,742 | €23,310 | +€20,569 | +750.2% |
| Recurring financial charges | 65 | €2,742 | €23,310 | +€20,569 | +750.2% |
| Profit (loss) for the period before taxes | 9903 | €251,910 | €244,781 | -€7,128 | -2.8% |
| Profit (loss) for the period | 9904 | €251,910 | €244,781 | -€7,128 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €251,910 | €244,781 | -€7,128 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.