Brullot: what changed
Two financial 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.
What changed
Brullot
NACE 68.110, Buying and selling of own real estate
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€49,977
2025 · €46,407+€3,570
Equity
€247,301
2025 · €197,324+€49,977
Cash
€47,309
2025 · €52,823-€5,514
Balance sheet total
€587,716
2025 · €543,099+€44,618
Largest movements
Assets
- Stocks and contracts +€58,475
up €58,475 (+15.7%), from €372,599 to €431,074
- Intangible fixed assets -€10,000
down €10,000 (-11.4%), from €87,760 to €77,760
- Tangible fixed assets -€8,293
down €8,293 (-32.5%), from €25,543 to €17,249
of which Plant, machinery and equipment: -€10,568
Equity and liabilities
- Reserves +€49,977
up €49,977 (+36.4%), from €137,324 to €187,301
- Tax, wage and social debts -€15,116
down €15,116 (-100%), from €15,116 to €0
- Short-term financial debts +€7,050
new in 2026: €7,050
Income statement
- Other operating charges -€5,247
down €5,247 (-65.3%), from €8,036 to €2,789
- Taxes +€1,430
up €1,430 (+11.5%), from €12,416 to €13,846
From the 2025 result to the 2026 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.
Result 2025
€46,407
Gross operating margin
+€318
Depreciation
-€292
Other operating charges
+€5,247
Financial income
+€0
Financial charges
-€274
Taxes
-€1,430
Result 2026
€49,977
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€4,905
Investment
-€3,307
Financing
+€2,698
Cash 2025
€52,823
From operations (derived)
-€4,905
Net result for the year
+€49,977
Depreciation
+€21,919
Stocks and contracts
-€58,475
Receivables within one year
-€5,662
Deferred charges and accrued income
-€4,607
Trade debts
+€3,385
Tax, wage and social debts
-€15,116
Other debts
+€267
Accrued charges and deferred income
+€3,406
Investment (derived)
-€3,307
Investment in fixed assets (net)
-€3,307
Financing
+€2,698
Debts after one year
-€5,344
Current portion of long-term debt
+€992
Short-term financial debts
+€7,050
Cash 2026
€47,309
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,099 | €587,716 | +€44,618 | +8.2% |
| Formation expenses | 20 | €467 | €148 | -€319 | -68.4% |
| Fixed assets | 21/28 | €113,302 | €95,009 | -€18,293 | -16.1% |
| Intangible fixed assets | 21 | €87,760 | €77,760 | -€10,000 | -11.4% |
| Tangible fixed assets | 22/27 | €25,543 | €17,249 | -€8,293 | -32.5% |
| Plant, machinery and equipment | 23 | €22,593 | €12,024 | -€10,568 | -46.8% |
| Furniture and vehicles | 24 | €2,950 | €5,225 | +€2,275 | +77.1% |
| Current assets | 29/58 | €429,330 | €492,560 | +€63,230 | +14.7% |
| Stocks and contracts in progress | 3 | €372,599 | €431,074 | +€58,475 | +15.7% |
| Stocks | 30/36 | €372,599 | €431,074 | +€58,475 | +15.7% |
| Amounts receivable within one year | 40/41 | €0 | €5,662 | +€5,662 | |
| Trade receivables | 40 | €0 | €3,508 | +€3,508 | |
| Other amounts receivable | 41 | - | €2,154 | +€2,154 | |
| Cash at bank and in hand | 54/58 | €52,823 | €47,309 | -€5,514 | -10.4% |
| Deferred charges and accrued income | 490/1 | €3,908 | €8,515 | +€4,607 | +118% |
| Total equity and liabilities | 10/49 | €543,099 | €587,716 | +€44,618 | +8.2% |
| Equity | 10/15 | €197,324 | €247,301 | +€49,977 | +25.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €137,324 | €187,301 | +€49,977 | +36.4% |
| Distributable reserves | 133 | €137,324 | €187,301 | +€49,977 | +36.4% |
| Amounts payable | 17/49 | €345,774 | €340,415 | -€5,359 | -1.5% |
| Amounts payable after more than one year | 17 | €290,402 | €285,057 | -€5,344 | -1.8% |
| Financial debts | 170/4 | €290,402 | €285,057 | -€5,344 | -1.8% |
| Amounts payable within one year | 42/48 | €54,823 | €51,402 | -€3,421 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €39,352 | €40,344 | +€992 | +2.5% |
| Financial debts | 43 | - | €7,050 | +€7,050 | |
| Credit institutions | 430/8 | - | €7,050 | +€7,050 | |
| Trade debts | 44 | €355 | €3,740 | +€3,385 | +954% |
| Suppliers | 440/4 | €355 | €3,740 | +€3,385 | +954% |
| Taxes, remuneration and social security | 45 | €15,116 | €0 | -€15,116 | -100% |
| Taxes | 450/3 | €15,116 | €0 | -€15,116 | -100% |
| Other amounts payable | 47/48 | €0 | €267 | +€267 | |
| Accrued charges and deferred income | 492/3 | €549 | €3,956 | +€3,406 | +620% |
| Non-recurring operating income | 76A | €1,250 | €0 | -€1,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,627 | €21,919 | +€292 | +1.3% |
| Other operating charges | 640/8 | €8,036 | €2,789 | -€5,247 | -65.3% |
| Gross operating margin | 9900 | €96,683 | €97,001 | +€318 | +0.3% |
| Operating profit (loss) | 9901 | €67,020 | €72,293 | +€5,273 | +7.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €8,197 | €8,470 | +€274 | +3.3% |
| Recurring financial charges | 65 | €8,197 | €8,470 | +€274 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €58,823 | €63,823 | +€5,000 | +8.5% |
| Income taxes | 67/77 | €12,416 | €13,846 | +€1,430 | +11.5% |
| Profit (loss) for the period | 9904 | €46,407 | €49,977 | +€3,570 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,407 | €49,977 | +€3,570 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.