BRULINX: 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.
BRULINX
Largest movements
- Cash -€30,681
down €30,681 (-4.9%), from €626,015 to €595,334
mainly Other debts (-€100,747) and Contributions, distributions and other (-€30,240)
- Tangible fixed assets -€29,987
down €29,987 (-8.7%), from €345,536 to €315,548
- Receivables within one year +€13,770
up €13,770 (+75.3%), from €18,289 to €32,058
of which Trade receivables: +€20,947
- Other debts -€100,747
down €100,747 (-64.7%), from €155,775 to €55,028
- Reserves +€38,002
up €38,002 (+10.7%), from €355,670 to €393,672
of which Distributable reserves: +€34,590
- Gross operating margin +€20,634
up €20,634 (+15.3%), from €134,463 to €155,097
- Taxes +€5,081
up €5,081 (+22.2%), from €22,909 to €27,990
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 | €993,879 | €947,902 | -€45,978 | -4.6% |
| Fixed assets | 21/28 | €345,536 | €315,548 | -€29,987 | -8.7% |
| Tangible fixed assets | 22/27 | €345,536 | €315,548 | -€29,987 | -8.7% |
| Land and buildings | 22 | €305,468 | €292,106 | -€13,363 | -4.4% |
| Plant, machinery and equipment | 23 | €3,170 | €1,152 | -€2,018 | -63.6% |
| Furniture and vehicles | 24 | €36,898 | €22,291 | -€14,607 | -39.6% |
| Current assets | 29/58 | €648,343 | €632,353 | -€15,990 | -2.5% |
| Amounts receivable within one year | 40/41 | €18,289 | €32,058 | +€13,770 | +75.3% |
| Trade receivables | 40 | €11,111 | €32,057 | +€20,947 | +188.5% |
| Other amounts receivable | 41 | €7,178 | €1 | -€7,177 | -100.0% |
| Cash at bank and in hand | 54/58 | €626,015 | €595,334 | -€30,681 | -4.9% |
| Deferred charges and accrued income | 490/1 | €4,039 | €4,961 | +€921 | +22.8% |
| Total equity and liabilities | 10/49 | €993,879 | €947,902 | -€45,978 | -4.6% |
| Equity | 10/15 | €545,670 | €583,672 | +€38,002 | +7.0% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | €190,000 | = | 0.0% |
| Issued capital | 100 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €355,670 | €393,672 | +€38,002 | +10.7% |
| Non-distributable reserves | 130/1 | €20,991 | €24,404 | +€3,412 | +16.3% |
| Legal reserve | 130 | €20,991 | €24,404 | +€3,412 | +16.3% |
| Distributable reserves | 133 | €334,679 | €369,269 | +€34,590 | +10.3% |
| Amounts payable | 17/49 | €448,209 | €364,229 | -€83,980 | -18.7% |
| Amounts payable after more than one year | 17 | €245,000 | €245,000 | = | 0.0% |
| Financial debts | 170/4 | €245,000 | €245,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,242 | €93,141 | -€88,102 | -48.6% |
| Trade debts | 44 | €5,556 | €9,825 | +€4,269 | +76.8% |
| Suppliers | 440/4 | €5,556 | €9,825 | +€4,269 | +76.8% |
| Advances received on contracts in progress | 46 | €3,326 | €3,326 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,586 | €24,962 | +€8,376 | +50.5% |
| Taxes | 450/3 | €13,711 | €22,087 | +€8,376 | +61.1% |
| Remuneration and social security | 454/9 | €2,875 | €2,875 | = | 0.0% |
| Other amounts payable | 47/48 | €155,775 | €55,028 | -€100,747 | -64.7% |
| Accrued charges and deferred income | 492/3 | €21,967 | €26,088 | +€4,122 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,763 | €29,987 | +€224 | +0.8% |
| Other operating charges | 640/8 | €2,721 | €3,922 | +€1,201 | +44.1% |
| Gross operating margin | 9900 | €134,463 | €155,097 | +€20,634 | +15.3% |
| Operating profit (loss) | 9901 | €101,979 | €121,188 | +€19,209 | +18.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -40.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -40.0% |
| Financial charges | 65/66B | €23,744 | €24,957 | +€1,213 | +5.1% |
| Recurring financial charges | 65 | €23,744 | €24,957 | +€1,213 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €78,235 | €96,232 | +€17,996 | +23.0% |
| Income taxes | 67/77 | €22,909 | €27,990 | +€5,081 | +22.2% |
| Profit (loss) for the period | 9904 | €55,326 | €68,242 | +€12,916 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,326 | €68,242 | +€12,916 | +23.3% |
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.