BRUMAD: what changed
BRUMAD
Largest movements
- Cash +€8,960
up €8,960 (+28.5%), from €31,481 to €40,441
mainly Net result for the year (+€54,984) and Other debts (+€20,692)
- Deferred charges and accrued income +€5,488
up €5,488 (+2,202%), from €249 to €5,737
- Tangible fixed assets +€3,803
up €3,803 (+673%), from €565 to €4,368
of which Other tangible fixed assets: +€2,900
- Receivables within one year +€3,628
up €3,628 (+23.6%), from €15,385 to €19,013
of which Trade receivables: +€4,105
- Other debts +€20,692
up €20,692 (+56.6%), from €36,572 to €57,264
- Short-term financial debts -€2,705
no longer reported in 2025 (was €2,705)
- Tax, wage and social debts +€2,303
up €2,303 (+56.9%), from €4,048 to €6,351
- Trade debts +€1,604
up €1,604 (+170%), from €945 to €2,549
- Gross operating margin +€28,449
up €28,449 (+64.8%), from €43,876 to €72,325
- Other operating charges -€10,302
down €10,302 (-91.8%), from €11,217 to €915
- Taxes +€8,286
up €8,286 (+103%), from €8,065 to €16,351
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,681 | €69,559 | +€21,879 | +45.9% |
| Fixed assets | 21/28 | €565 | €4,368 | +€3,803 | +673% |
| Tangible fixed assets | 22/27 | €565 | €4,368 | +€3,803 | +673% |
| Plant, machinery and equipment | 23 | €3 | €969 | +€965 | +29,431% |
| Furniture and vehicles | 24 | €289 | €226 | -€63 | -21.7% |
| Other tangible fixed assets | 26 | €273 | €3,173 | +€2,900 | +1,062% |
| Current assets | 29/58 | €47,116 | €65,191 | +€18,076 | +38.4% |
| Amounts receivable within one year | 40/41 | €15,385 | €19,013 | +€3,628 | +23.6% |
| Trade receivables | 40 | €14,405 | €18,510 | +€4,105 | +28.5% |
| Other amounts receivable | 41 | €980 | €503 | -€477 | -48.7% |
| Cash at bank and in hand | 54/58 | €31,481 | €40,441 | +€8,960 | +28.5% |
| Deferred charges and accrued income | 490/1 | €249 | €5,737 | +€5,488 | +2,202% |
| Total equity and liabilities | 10/49 | €47,681 | €69,559 | +€21,879 | +45.9% |
| Equity | 10/15 | €3,411 | €3,395 | -€16 | -0.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €411 | €395 | -€16 | -3.8% |
| Distributable reserves | 133 | €411 | €395 | -€16 | -3.8% |
| Amounts payable | 17/49 | €44,270 | €66,164 | +€21,894 | +49.5% |
| Amounts payable within one year | 42/48 | €44,270 | €66,164 | +€21,894 | +49.5% |
| Financial debts | 43 | €2,705 | - | -€2,705 | |
| Credit institutions | 430/8 | €2,705 | - | -€2,705 | |
| Trade debts | 44 | €945 | €2,549 | +€1,604 | +170% |
| Suppliers | 440/4 | €945 | €2,549 | +€1,604 | +170% |
| Taxes, remuneration and social security | 45 | €4,048 | €6,351 | +€2,303 | +56.9% |
| Taxes | 450/3 | €4,048 | €6,351 | +€2,303 | +56.9% |
| Other amounts payable | 47/48 | €36,572 | €57,264 | +€20,692 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €253 | +€95 | +60.4% |
| Other operating charges | 640/8 | €11,217 | €915 | -€10,302 | -91.8% |
| Gross operating margin | 9900 | €43,876 | €72,325 | +€28,449 | +64.8% |
| Operating profit (loss) | 9901 | €32,502 | €71,158 | +€38,656 | +119% |
| Financial income | 75/76B | €234 | €309 | +€75 | +32.0% |
| Recurring financial income | 75 | €234 | €309 | +€75 | +32.0% |
| Financial charges | 65/66B | €260 | €132 | -€128 | -49.3% |
| Recurring financial charges | 65 | €260 | €132 | -€128 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €32,476 | €71,335 | +€38,859 | +120% |
| Income taxes | 67/77 | €8,065 | €16,351 | +€8,286 | +103% |
| Profit (loss) for the period | 9904 | €24,411 | €54,984 | +€30,573 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €24,411 | €54,984 | +€30,573 | +125% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.