BRULEX: 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.
BRULEX
Largest movements
- Receivables after one year +€58,000
up €58,000 (+56.6%), from €102,500 to €160,500
- Receivables within one year -€11,358
down €11,358 (-59.2%), from €19,190 to €7,832
of which Trade receivables: -€11,358
- Tangible fixed assets +€7,198
up €7,198 (+39.9%), from €18,051 to €25,249
of which Other tangible fixed assets: +€8,398
- Reserves +€48,782
up €48,782 (+289.5%), from €16,853 to €65,635
- Tax, wage and social debts +€23,858
up €23,858 (+84.0%), from €28,412 to €52,270
- Short-term financial debts -€9,753
down €9,753 (-70.4%), from €13,860 to €4,107
- Trade debts -€7,959
down €7,959 (-39.3%), from €20,258 to €12,299
- Gross operating margin -€4,973
down €4,973 (-5.7%), from €86,882 to €81,909
- Other operating charges -€3,870
down €3,870 (-61.8%), from €6,261 to €2,390
- Depreciation +€2,575
up €2,575 (+47.0%), from €5,475 to €8,050
- Taxes +€2,109
up €2,109 (+10.9%), from €19,267 to €21,377
- Financial income +€1,160
up €1,160 (+56.6%), from €2,050 to €3,210
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 | €139,771 | €194,814 | +€55,043 | +39.4% |
| Fixed assets | 21/28 | €18,051 | €25,249 | +€7,198 | +39.9% |
| Tangible fixed assets | 22/27 | €18,051 | €25,249 | +€7,198 | +39.9% |
| Furniture and vehicles | 24 | €2,099 | €899 | -€1,200 | -57.2% |
| Other tangible fixed assets | 26 | €15,952 | €24,350 | +€8,398 | +52.6% |
| Current assets | 29/58 | €121,720 | €169,565 | +€47,845 | +39.3% |
| Amounts receivable after more than one year | 29 | €102,500 | €160,500 | +€58,000 | +56.6% |
| Other amounts receivable | 291 | €102,500 | €160,500 | +€58,000 | +56.6% |
| Amounts receivable within one year | 40/41 | €19,190 | €7,832 | -€11,358 | -59.2% |
| Trade receivables | 40 | €16,940 | €5,582 | -€11,358 | -67.0% |
| Other amounts receivable | 41 | €2,250 | €2,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30 | €20 | -€10 | -32.0% |
| Deferred charges and accrued income | 490/1 | - | €1,213 | +€1,213 | |
| Total equity and liabilities | 10/49 | €139,771 | €194,814 | +€55,043 | +39.4% |
| Equity | 10/15 | €76,853 | €125,635 | +€48,782 | +63.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €16,853 | €65,635 | +€48,782 | +289.5% |
| Distributable reserves | 133 | €16,853 | €65,635 | +€48,782 | +289.5% |
| Amounts payable | 17/49 | €62,918 | €69,179 | +€6,261 | +10.0% |
| Amounts payable within one year | 42/48 | €62,918 | €69,179 | +€6,261 | +10.0% |
| Financial debts | 43 | €13,860 | €4,107 | -€9,753 | -70.4% |
| Credit institutions | 430/8 | €13,860 | €4,107 | -€9,753 | -70.4% |
| Trade debts | 44 | €20,258 | €12,299 | -€7,959 | -39.3% |
| Suppliers | 440/4 | €20,258 | €12,299 | -€7,959 | -39.3% |
| Taxes, remuneration and social security | 45 | €28,412 | €52,270 | +€23,858 | +84.0% |
| Taxes | 450/3 | €28,412 | €52,270 | +€23,858 | +84.0% |
| Other amounts payable | 47/48 | €388 | €502 | +€114 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,475 | €8,050 | +€2,575 | +47.0% |
| Other operating charges | 640/8 | €6,261 | €2,390 | -€3,870 | -61.8% |
| Gross operating margin | 9900 | €86,882 | €81,909 | -€4,973 | -5.7% |
| Operating profit (loss) | 9901 | €75,146 | €71,469 | -€3,677 | -4.9% |
| Financial income | 75/76B | €2,050 | €3,210 | +€1,160 | +56.6% |
| Recurring financial income | 75 | €2,050 | €3,210 | +€1,160 | +56.6% |
| Financial charges | 65/66B | €3,834 | €4,520 | +€686 | +17.9% |
| Recurring financial charges | 65 | €3,834 | €4,520 | +€686 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €73,362 | €70,159 | -€3,203 | -4.4% |
| Income taxes | 67/77 | €19,267 | €21,377 | +€2,109 | +10.9% |
| Profit (loss) for the period | 9904 | €54,095 | €48,782 | -€5,313 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,095 | €48,782 | -€5,313 | -9.8% |
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.