BRULAMOR: 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.
BRULAMOR
Largest movements
- Tangible fixed assets -€84,621
down €84,621 (-3.6%), from €2.4m to €2.3m
of which Land and buildings: -€61,229
- Receivables within one year +€78,482
up €78,482 (+15.6%), from €504,574 to €583,057
of which Other amounts receivable: +€152,361
- Cash +€66,102
up €66,102 (+206.1%), from €32,065 to €98,167
mainly Depreciation (+€94,521) and Net result for the year (+€58,952)
- Profit (loss) carried forward +€58,952
up €58,952 (+7.2%), from -€814,868 to -€755,916
- Gross operating margin +€200,861
up €200,861, from -€27,746 to €173,115
- Staff costs -€24,558
down €24,558 (-89.5%), from €27,452 to €2,894
- Financial income +€5,152
up €5,152, from €0 to €5,152
- Other operating charges -€3,230
down €3,230 (-13.2%), from €24,431 to €21,200
- Depreciation +€1,950
up €1,950 (+2.1%), from €92,572 to €94,521
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 | €4,290,296 | €4,344,731 | +€54,435 | +1.3% |
| Fixed assets | 21/28 | €3,734,441 | €3,649,820 | -€84,621 | -2.3% |
| Tangible fixed assets | 22/27 | €2,363,101 | €2,278,480 | -€84,621 | -3.6% |
| Land and buildings | 22 | €2,282,590 | €2,221,361 | -€61,229 | -2.7% |
| Plant, machinery and equipment | 23 | €78,376 | €56,616 | -€21,760 | -27.8% |
| Furniture and vehicles | 24 | €2,134 | €502 | -€1,632 | -76.5% |
| Financial fixed assets | 28 | €1,371,340 | €1,371,340 | = | 0.0% |
| Current assets | 29/58 | €555,855 | €694,911 | +€139,056 | +25.0% |
| Stocks and contracts in progress | 3 | €12,765 | €8,825 | -€3,939 | -30.9% |
| Stocks | 30/36 | €12,765 | €8,825 | -€3,939 | -30.9% |
| Amounts receivable within one year | 40/41 | €504,574 | €583,057 | +€78,482 | +15.6% |
| Trade receivables | 40 | €477,981 | €404,103 | -€73,878 | -15.5% |
| Other amounts receivable | 41 | €26,593 | €178,954 | +€152,361 | +572.9% |
| Cash at bank and in hand | 54/58 | €32,065 | €98,167 | +€66,102 | +206.1% |
| Deferred charges and accrued income | 490/1 | €6,451 | €4,862 | -€1,589 | -24.6% |
| Total equity and liabilities | 10/49 | €4,290,296 | €4,344,731 | +€54,435 | +1.3% |
| Equity | 10/15 | €4,266,677 | €4,325,629 | +€58,952 | +1.4% |
| Contributions | 10/11 | €5,081,545 | €5,081,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€814,868 | -€755,916 | +€58,952 | +7.2% |
| Amounts payable | 17/49 | €23,619 | €19,102 | -€4,517 | -19.1% |
| Amounts payable within one year | 42/48 | €23,538 | €19,102 | -€4,436 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,000 | +€2,000 | |
| Trade debts | 44 | €13,092 | €14,689 | +€1,596 | +12.2% |
| Suppliers | 440/4 | €13,092 | €14,689 | +€1,596 | +12.2% |
| Taxes, remuneration and social security | 45 | €4,605 | €2,413 | -€2,193 | -47.6% |
| Taxes | 450/3 | €333 | €2,413 | +€2,080 | +625.5% |
| Remuneration and social security | 454/9 | €4,273 | €0 | -€4,273 | -100.0% |
| Other amounts payable | 47/48 | €5,840 | €0 | -€5,840 | -100.0% |
| Accrued charges and deferred income | 492/3 | €81 | €0 | -€81 | -100.0% |
| Remuneration, social security and pensions | 62 | €27,452 | €2,894 | -€24,558 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,572 | €94,521 | +€1,950 | +2.1% |
| Other operating charges | 640/8 | €24,431 | €21,200 | -€3,230 | -13.2% |
| Gross operating margin | 9900 | -€27,746 | €173,115 | +€200,861 | |
| Operating profit (loss) | 9901 | -€172,200 | €54,499 | +€226,700 | |
| Financial income | 75/76B | €0 | €5,152 | +€5,152 | |
| Recurring financial income | 75 | €0 | €5,152 | +€5,152 | |
| Financial charges | 65/66B | €675 | €700 | +€24 | +3.6% |
| Recurring financial charges | 65 | €675 | €700 | +€24 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€172,876 | €58,952 | +€231,828 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€172,876 | €58,952 | +€231,828 | |
| Profit (loss) for the period to be appropriated | 9905 | -€172,876 | €58,952 | +€231,828 |
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 4 October 2026 via checked.be.