Brulocalis: 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
Brulocalis
NACE 73.200, Market research and public opinion polling
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€94,310
2024 · €133,766-€39,456
Equity
€6.5m
2024 · €6.4m+€94,310
Cash
€5.1m
2024 · €6.4m-€1.3m
Balance sheet total
€11.8m
2024 · €11.2m+€603,212
Largest movements
Assets
- Current investments +€1.4m
new in 2025: €1.4m
- Cash -€1.3m
down €1.3m (-20.2%), from €6.4m to €5.1m
mainly Current investments (-€1.4m) and Investment in fixed assets (net) (-€551,304)
- Tangible fixed assets +€446,036
up €446,036 (+12.9%), from €3.4m to €3.9m
of which Assets under construction and advance payments: +€544,339
- Receivables within one year +€226,480
up €226,480 (+19.9%), from €1.1m to €1.4m
of which Trade receivables: +€188,450
- Deferred charges and accrued income -€121,681
down €121,681 (-67.2%), from €180,959 to €59,278
Equity and liabilities
- Debts within one year +€378,714
up €378,714 (+10.2%), from €3.7m to €4.1m
Income statement
- Staff costs +€274,430
up €274,430 (+8.3%), from €3.3m to €3.6m
- Gross operating margin +€255,944
up €255,944 (+7.1%), from €3.6m to €3.9m
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.
Result 2024
€133,766
Gross operating margin
+€255,944
Staff costs
-€274,430
Depreciation
+€13,261
Write-downs
+€6,774
Other operating charges
-€7,341
Other operating items
-€30,770
Financial income
-€9,656
Financial charges
+€3,911
Taxes
+€2,851
Result 2025
€94,310
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.
From operations
+€517,375
Investment
-€1.9m
Financing
+€93,911
Cash 2024
€6.4m
From operations (derived)
+€517,375
Net result for the year
+€94,310
Depreciation
+€112,873
Receivables within one year
-€226,480
Deferred charges and accrued income
+€121,681
Provisions
+€23,888
Debts within one year
+€378,714
Accrued charges and deferred income
+€12,389
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€551,304
Current investments
-€1.4m
Financing
+€93,911
Debts after one year
+€93,911
Cash 2025
€5.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,181,207 | €11,784,419 | +€603,212 | +5.4% |
| Fixed assets | 21/28 | €3,476,523 | €3,914,955 | +€438,431 | +12.6% |
| Intangible fixed assets | 21 | €7,605 | - | -€7,605 | |
| Tangible fixed assets | 22/27 | €3,448,428 | €3,894,465 | +€446,036 | +12.9% |
| Land and buildings | 22 | €3,389,339 | €3,296,106 | -€93,233 | -2.8% |
| Furniture and vehicles | 24 | €20,234 | €15,164 | -€5,070 | -25.1% |
| Assets under construction and advance payments | 27 | €38,855 | €583,194 | +€544,339 | +1401.0% |
| Financial fixed assets | 28 | €20,490 | €20,490 | = | 0.0% |
| Current assets | 29/58 | €7,704,684 | €7,869,464 | +€164,780 | +2.1% |
| Amounts receivable within one year | 40/41 | €1,140,899 | €1,367,379 | +€226,480 | +19.9% |
| Trade receivables | 40 | €226,333 | €414,782 | +€188,450 | +83.3% |
| Other amounts receivable | 41 | €914,566 | €952,596 | +€38,030 | +4.2% |
| Current investments | 50/53 | - | €1,350,000 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €6,382,826 | €5,092,807 | -€1.3m | -20.2% |
| Deferred charges and accrued income | 490/1 | €180,959 | €59,278 | -€121,681 | -67.2% |
| Total equity and liabilities | 10/49 | €11,181,207 | €11,784,419 | +€603,212 | +5.4% |
| Equity | 10/15 | €6,437,193 | €6,531,502 | +€94,310 | +1.5% |
| Reserves | 13 | €6,437,193 | €6,531,502 | +€94,310 | +1.5% |
| Provisions and deferred taxes | 16 | - | €23,888 | +€23,888 | |
| Provisions for liabilities and charges | 160/5 | - | €23,888 | +€23,888 | |
| Environmental obligations | 163 | - | €23,888 | +€23,888 | |
| Amounts payable | 17/49 | €4,744,014 | €5,229,028 | +€485,014 | +10.2% |
| Amounts payable after more than one year | 17 | €845,525 | €939,436 | +€93,911 | +11.1% |
| Financial debts | 170/4 | €845,525 | €939,436 | +€93,911 | +11.1% |
| Amounts payable within one year | 42/48 | €3,723,549 | €4,102,263 | +€378,714 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €144,639 | €156,089 | +€11,450 | +7.9% |
| Trade debts | 44 | €141,517 | €150,162 | +€8,645 | +6.1% |
| Suppliers | 440/4 | €141,517 | €150,162 | +€8,645 | +6.1% |
| Advances received on contracts in progress | 46 | €260,754 | €260,754 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €561,599 | €582,620 | +€21,021 | +3.7% |
| Taxes | 450/3 | €112,570 | €119,606 | +€7,036 | +6.3% |
| Remuneration and social security | 454/9 | €449,029 | €463,014 | +€13,985 | +3.1% |
| Accrued charges and deferred income | 492/3 | €174,939 | €187,328 | +€12,389 | +7.1% |
| Remuneration, social security and pensions | 62 | €3,304,231 | €3,578,661 | +€274,430 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,134 | €112,873 | -€13,261 | -10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,774 | - | -€6,774 | |
| Other operating charges | 640/8 | €40,885 | €48,226 | +€7,341 | +18.0% |
| Non-recurring operating charges | 66A | - | €108 | +€108 | |
| Gross operating margin | 9900 | €3,619,333 | €3,875,277 | +€255,944 | +7.1% |
| Operating profit (loss) | 9901 | €148,083 | €111,521 | -€36,562 | -24.7% |
| Financial income | 75/76B | €43,758 | €34,101 | -€9,656 | -22.1% |
| Recurring financial income | 75 | €43,758 | €34,101 | -€9,656 | -22.1% |
| Financial charges | 65/66B | €44,948 | €41,037 | -€3,911 | -8.7% |
| Recurring financial charges | 65 | €44,948 | €41,037 | -€3,911 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €146,893 | €104,585 | -€42,308 | -28.8% |
| Income taxes | 67/77 | €13,126 | €10,275 | -€2,851 | -21.7% |
| Profit (loss) for the period | 9904 | €133,766 | €94,310 | -€39,456 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €133,766 | €94,310 | -€39,456 | -29.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.