BRULEK: what changed
BRULEK
Largest movements
- Tangible fixed assets +€29,273
up €29,273 (+43.9%), from €66,686 to €95,959
of which Furniture and vehicles: +€23,468
- Receivables within one year +€21,765
up €21,765 (+163%), from €13,393 to €35,159
of which Other amounts receivable: +€12,559
- Stocks and contracts -€21,614
down €21,614 (-61.3%), from €35,283 to €13,669
- Cash +€6,663
up €6,663 (+15.9%), from €41,850 to €48,514
mainly Net result for the year (+€29,421) and Stocks and contracts (+€21,614)
- Reserves +€29,421
up €29,421 (+34.1%), from €86,205 to €115,626
- Current portion of long-term debt +€6,601
up €6,601 (+59.6%), from €11,075 to €17,676
- Debts after one year +€6,550
up €6,550 (+14.5%), from €45,168 to €51,718
- Trade debts -€4,704
down €4,704 (-80.8%), from €5,823 to €1,119
- Depreciation +€8,179
up €8,179 (+78.5%), from €10,419 to €18,598
- Gross operating margin +€5,911
up €5,911 (+9.8%), from €60,536 to €66,447
- Financial charges -€5,439
down €5,439 (-52.8%), from €10,293 to €4,853
- Other operating charges -€893
down €893 (-42.5%), from €2,104 to €1,210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,872 | €193,984 | +€36,111 | +22.9% |
| Fixed assets | 21/28 | €67,346 | €96,619 | +€29,273 | +43.5% |
| Tangible fixed assets | 22/27 | €66,686 | €95,959 | +€29,273 | +43.9% |
| Plant, machinery and equipment | 23 | €10,669 | €16,473 | +€5,805 | +54.4% |
| Furniture and vehicles | 24 | €56,017 | €79,486 | +€23,468 | +41.9% |
| Financial fixed assets | 28 | €660 | €660 | = | 0.0% |
| Current assets | 29/58 | €90,526 | €97,365 | +€6,838 | +7.6% |
| Stocks and contracts in progress | 3 | €35,283 | €13,669 | -€21,614 | -61.3% |
| Contracts in progress | 37 | €35,283 | €13,669 | -€21,614 | -61.3% |
| Amounts receivable within one year | 40/41 | €13,393 | €35,159 | +€21,765 | +163% |
| Trade receivables | 40 | €5,158 | €14,364 | +€9,206 | +178% |
| Other amounts receivable | 41 | €8,236 | €20,794 | +€12,559 | +152% |
| Cash at bank and in hand | 54/58 | €41,850 | €48,514 | +€6,663 | +15.9% |
| Deferred charges and accrued income | 490/1 | - | €24 | +€24 | |
| Total equity and liabilities | 10/49 | €157,872 | €193,984 | +€36,111 | +22.9% |
| Equity | 10/15 | €92,405 | €121,826 | +€29,421 | +31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,205 | €115,626 | +€29,421 | +34.1% |
| Distributable reserves | 133 | €86,205 | €115,626 | +€29,421 | +34.1% |
| Amounts payable | 17/49 | €65,467 | €72,157 | +€6,690 | +10.2% |
| Amounts payable after more than one year | 17 | €45,168 | €51,718 | +€6,550 | +14.5% |
| Financial debts | 170/4 | €45,168 | €51,718 | +€6,550 | +14.5% |
| Amounts payable within one year | 42/48 | €20,155 | €20,295 | +€140 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €11,075 | €17,676 | +€6,601 | +59.6% |
| Trade debts | 44 | €5,823 | €1,119 | -€4,704 | -80.8% |
| Suppliers | 440/4 | €5,823 | €1,119 | -€4,704 | -80.8% |
| Taxes, remuneration and social security | 45 | €3,257 | €1,500 | -€1,757 | -53.9% |
| Taxes | 450/3 | €1,757 | - | -€1,757 | |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €144 | €144 | = | 0.0% |
| Non-recurring operating income | 76A | - | €14,050 | +€14,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,419 | €18,598 | +€8,179 | +78.5% |
| Other operating charges | 640/8 | €2,104 | €1,210 | -€893 | -42.5% |
| Gross operating margin | 9900 | €60,536 | €66,447 | +€5,911 | +9.8% |
| Operating profit (loss) | 9901 | €48,013 | €46,639 | -€1,374 | -2.9% |
| Financial income | 75/76B | €3,028 | €2,483 | -€545 | -18.0% |
| Recurring financial income | 75 | €3,028 | €2,483 | -€545 | -18.0% |
| Financial charges | 65/66B | €10,293 | €4,853 | -€5,439 | -52.8% |
| Recurring financial charges | 65 | €10,293 | €4,853 | -€5,439 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €40,749 | €44,269 | +€3,520 | +8.6% |
| Income taxes | 67/77 | €14,257 | €14,848 | +€590 | +4.1% |
| Profit (loss) for the period | 9904 | €26,491 | €29,421 | +€2,930 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,491 | €29,421 | +€2,930 | +11.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.