BRULIGHT: 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.
BRULIGHT
Largest movements
- Tangible fixed assets -€209,823
down €209,823 (-45.2%), from €463,947 to €254,124
of which Land and buildings: -€276,785
- Cash +€184,509
up €184,509 (+68.5%), from €269,364 to €453,873
mainly Investment in fixed assets (net) (+€284,993) and Receivables within one year (+€70,883)
- Financial fixed assets -€130,000
down €130,000 (-100.0%), from €130,000 to €0
- Stocks and contracts +€85,485
up €85,485 (+76.5%), from €111,808 to €197,293
- Receivables within one year -€70,883
down €70,883 (-10.5%), from €675,736 to €604,853
of which Trade receivables: -€55,537
- Debts after one year -€111,110
down €111,110 (-40.5%), from €274,150 to €163,041
- Trade debts -€47,889
down €47,889 (-13.6%), from €353,220 to €305,330
- Write-downs -€123,630
down €123,630 (-100.0%), from €123,630 to €0
- Staff costs +€67,609
up €67,609 (+22.0%), from €306,658 to €374,267
- Gross operating margin +€10,542
up €10,542 (+2.4%), from €446,291 to €456,834
- Depreciation +€8,404
up €8,404 (+20.4%), from €41,149 to €49,554
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 | €1,666,207 | €1,537,509 | -€128,698 | -7.7% |
| Fixed assets | 21/28 | €596,718 | €262,171 | -€334,547 | -56.1% |
| Intangible fixed assets | 21 | €2,771 | €8,048 | +€5,277 | +190.4% |
| Tangible fixed assets | 22/27 | €463,947 | €254,124 | -€209,823 | -45.2% |
| Land and buildings | 22 | €436,566 | €159,781 | -€276,785 | -63.4% |
| Plant, machinery and equipment | 23 | €820 | €630 | -€191 | -23.2% |
| Furniture and vehicles | 24 | €26,561 | €90,871 | +€64,310 | +242.1% |
| Other tangible fixed assets | 26 | - | €2,842 | +€2,842 | |
| Financial fixed assets | 28 | €130,000 | €0 | -€130,000 | -100.0% |
| Current assets | 29/58 | €1,069,488 | €1,275,337 | +€205,849 | +19.2% |
| Stocks and contracts in progress | 3 | €111,808 | €197,293 | +€85,485 | +76.5% |
| Stocks | 30/36 | €111,808 | €197,293 | +€85,485 | +76.5% |
| Amounts receivable within one year | 40/41 | €675,736 | €604,853 | -€70,883 | -10.5% |
| Trade receivables | 40 | €229,014 | €173,477 | -€55,537 | -24.3% |
| Other amounts receivable | 41 | €446,722 | €431,376 | -€15,346 | -3.4% |
| Cash at bank and in hand | 54/58 | €269,364 | €453,873 | +€184,509 | +68.5% |
| Deferred charges and accrued income | 490/1 | €12,580 | €19,318 | +€6,738 | +53.6% |
| Total equity and liabilities | 10/49 | €1,666,207 | €1,537,509 | -€128,698 | -7.7% |
| Equity | 10/15 | €945,628 | €951,853 | +€6,224 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €402,000 | €402,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €402,000 | €402,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Financial assistance | 1313 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €520,188 | €529,853 | +€9,664 | +1.9% |
| Investment grants | 15 | €3,440 | €0 | -€3,440 | -100.0% |
| Amounts payable | 17/49 | €720,578 | €585,656 | -€134,923 | -18.7% |
| Amounts payable after more than one year | 17 | €274,150 | €163,041 | -€111,110 | -40.5% |
| Financial debts | 170/4 | €274,150 | €163,041 | -€111,110 | -40.5% |
| Amounts payable within one year | 42/48 | €446,428 | €421,043 | -€25,385 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €43,438 | €59,275 | +€15,837 | +36.5% |
| Trade debts | 44 | €353,220 | €305,330 | -€47,889 | -13.6% |
| Suppliers | 440/4 | €353,220 | €305,330 | -€47,889 | -13.6% |
| Taxes, remuneration and social security | 45 | €49,771 | €56,438 | +€6,668 | +13.4% |
| Taxes | 450/3 | €19,846 | €18,146 | -€1,700 | -8.6% |
| Remuneration and social security | 454/9 | €29,924 | €38,292 | +€8,368 | +28.0% |
| Accrued charges and deferred income | 492/3 | - | €1,572 | +€1,572 | |
| Non-recurring operating income | 76A | €10,799 | €0 | -€10,799 | -100.0% |
| Remuneration, social security and pensions | 62 | €306,658 | €374,267 | +€67,609 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,149 | €49,554 | +€8,404 | +20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €123,630 | €0 | -€123,630 | -100.0% |
| Other operating charges | 640/8 | €3,971 | €4,145 | +€174 | +4.4% |
| Non-recurring operating charges | 66A | €4,137 | €18,453 | +€14,315 | +346.0% |
| Gross operating margin | 9900 | €446,291 | €456,834 | +€10,542 | +2.4% |
| Operating profit (loss) | 9901 | -€33,255 | €10,415 | +€43,670 | |
| Financial income | 75/76B | €11,713 | €15,167 | +€3,454 | +29.5% |
| Recurring financial income | 75 | €11,713 | €15,167 | +€3,454 | +29.5% |
| Financial charges | 65/66B | €14,402 | €15,149 | +€747 | +5.2% |
| Recurring financial charges | 65 | €14,402 | €15,149 | +€747 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,944 | €10,433 | +€46,377 | |
| Income taxes | 67/77 | €2,510 | €769 | -€1,742 | -69.4% |
| Profit (loss) for the period | 9904 | -€38,454 | €9,664 | +€48,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,454 | €9,664 | +€48,119 |
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 6 October 2026 via checked.be.