BRUMAC: 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.
BRUMAC
Largest movements
- Cash +€236,546
up €236,546 (+49.5%), from €477,527 to €714,072
mainly Net result for the year (+€218,768) and Depreciation (+€151,279)
- Receivables within one year +€118,186
up €118,186 (+115.8%), from €102,094 to €220,279
of which Other amounts receivable: +€152,830
- Tangible fixed assets -€108,940
down €108,940 (-11.4%), from €951,686 to €842,746
of which Plant, machinery and equipment: -€104,741
- Profit (loss) carried forward +€218,768
up €218,768 (+427.6%), from €51,162 to €269,930
- Trade debts +€146,852
up €146,852 (+24.5%), from €599,899 to €746,751
- Other debts -€132,460
down €132,460 (-80.0%), from €165,496 to €33,036
- Debts after one year -€68,677
down €68,677 (-27.3%), from €251,467 to €182,790
- Accrued charges and deferred income +€55,476
up €55,476 (+102.7%), from €54,000 to €109,476
- Gross operating margin +€268,644
up €268,644 (+10.3%), from €2.6m to €2.9m
- Staff costs +€161,336
up €161,336 (+7.4%), from €2.2m to €2.3m
- Taxes +€38,330
up €38,330 (+60.7%), from €63,172 to €101,502
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 | €1,610,250 | €1,864,251 | +€254,002 | +15.8% |
| Fixed assets | 21/28 | €972,551 | €862,096 | -€110,455 | -11.4% |
| Intangible fixed assets | 21 | €19,694 | €18,179 | -€1,515 | -7.7% |
| Tangible fixed assets | 22/27 | €951,686 | €842,746 | -€108,940 | -11.4% |
| Plant, machinery and equipment | 23 | €846,448 | €741,708 | -€104,741 | -12.4% |
| Furniture and vehicles | 24 | €21,031 | €26,661 | +€5,630 | +26.8% |
| Other tangible fixed assets | 26 | €84,207 | €74,377 | -€9,830 | -11.7% |
| Financial fixed assets | 28 | €1,171 | €1,171 | = | 0.0% |
| Current assets | 29/58 | €637,698 | €1,002,155 | +€364,457 | +57.2% |
| Stocks and contracts in progress | 3 | €34,250 | €47,525 | +€13,275 | +38.8% |
| Stocks | 30/36 | €34,250 | €47,525 | +€13,275 | +38.8% |
| Amounts receivable within one year | 40/41 | €102,094 | €220,279 | +€118,186 | +115.8% |
| Trade receivables | 40 | €51,331 | €16,686 | -€34,644 | -67.5% |
| Other amounts receivable | 41 | €50,763 | €203,593 | +€152,830 | +301.1% |
| Cash at bank and in hand | 54/58 | €477,527 | €714,072 | +€236,546 | +49.5% |
| Deferred charges and accrued income | 490/1 | €23,828 | €20,278 | -€3,550 | -14.9% |
| Total equity and liabilities | 10/49 | €1,610,250 | €1,864,251 | +€254,002 | +15.8% |
| Equity | 10/15 | €98,728 | €317,497 | +€218,768 | +221.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €10,382 | €10,382 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,897 | €5,897 | = | 0.0% |
| Distributable reserves | 133 | €4,486 | €4,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,162 | €269,930 | +€218,768 | +427.6% |
| Amounts payable | 17/49 | €1,511,521 | €1,546,755 | +€35,233 | +2.3% |
| Amounts payable after more than one year | 17 | €251,467 | €182,790 | -€68,677 | -27.3% |
| Financial debts | 170/4 | €251,467 | €182,790 | -€68,677 | -27.3% |
| Amounts payable within one year | 42/48 | €1,206,055 | €1,254,488 | +€48,433 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €68,549 | €68,677 | +€127 | +0.2% |
| Financial debts | 43 | €113,798 | €142,594 | +€28,796 | +25.3% |
| Credit institutions | 430/8 | €113,798 | €142,594 | +€28,796 | +25.3% |
| Trade debts | 44 | €599,899 | €746,751 | +€146,852 | +24.5% |
| Suppliers | 440/4 | €599,899 | €746,751 | +€146,852 | +24.5% |
| Taxes, remuneration and social security | 45 | €258,313 | €263,431 | +€5,118 | +2.0% |
| Taxes | 450/3 | €1,201 | €6,510 | +€5,309 | +442.2% |
| Remuneration and social security | 454/9 | €257,112 | €256,921 | -€191 | -0.1% |
| Other amounts payable | 47/48 | €165,496 | €33,036 | -€132,460 | -80.0% |
| Accrued charges and deferred income | 492/3 | €54,000 | €109,476 | +€55,476 | +102.7% |
| Remuneration, social security and pensions | 62 | €2,177,402 | €2,338,738 | +€161,336 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,661 | €151,279 | +€15,618 | +11.5% |
| Other operating charges | 640/8 | €5,279 | €5,556 | +€277 | +5.2% |
| Gross operating margin | 9900 | €2,610,052 | €2,878,696 | +€268,644 | +10.3% |
| Operating profit (loss) | 9901 | €291,710 | €383,124 | +€91,413 | +31.3% |
| Financial income | 75/76B | €1,689 | €2,932 | +€1,243 | +73.6% |
| Recurring financial income | 75 | €1,689 | €2,932 | +€1,243 | +73.6% |
| Financial charges | 65/66B | €58,012 | €65,786 | +€7,774 | +13.4% |
| Recurring financial charges | 65 | €58,012 | €65,786 | +€7,774 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €235,388 | €320,270 | +€84,882 | +36.1% |
| Income taxes | 67/77 | €63,172 | €101,502 | +€38,330 | +60.7% |
| Profit (loss) for the period | 9904 | €172,216 | €218,768 | +€46,552 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €172,216 | €218,768 | +€46,552 | +27.0% |
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 10 October 2026 via checked.be.