BRUMAGO: 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.
BRUMAGO
Largest movements
- Current investments -€67,762
down €67,762 (-100.0%), from €67,792 to €30
- Cash +€61,272
up €61,272 (+266.2%), from €23,017 to €84,289
mainly Current investments (+€67,762) and Net result for the year (+€9,104)
- Stocks and contracts +€6,594
up €6,594 (+31.2%), from €21,156 to €27,750
- Receivables within one year -€1,576
down €1,576 (-10.5%), from €15,004 to €13,428
- Debts after one year -€1,374
no longer reported in 2025 (was €1,374)
- Financial income -€747
down €747 (-59.9%), from €1,247 to €500
- Gross operating margin -€729
down €729 (-7.0%), from €10,414 to €9,685
- Taxes +€287
up €287 (+128.1%), from €224 to €511
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 | €127,056 | €125,779 | -€1,277 | -1.0% |
| Current assets | 29/58 | €127,056 | €125,779 | -€1,277 | -1.0% |
| Stocks and contracts in progress | 3 | €21,156 | €27,750 | +€6,594 | +31.2% |
| Stocks | 30/36 | €21,156 | €27,750 | +€6,594 | +31.2% |
| Amounts receivable within one year | 40/41 | €15,004 | €13,428 | -€1,576 | -10.5% |
| Other amounts receivable | 41 | €15,004 | €13,428 | -€1,576 | -10.5% |
| Current investments | 50/53 | €67,792 | €30 | -€67,762 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,017 | €84,289 | +€61,272 | +266.2% |
| Deferred charges and accrued income | 490/1 | €87 | €282 | +€195 | +224.1% |
| Total equity and liabilities | 10/49 | €127,056 | €125,779 | -€1,277 | -1.0% |
| Equity | 10/15 | €124,263 | €124,367 | +€104 | +0.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €33,141 | €33,141 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €31,241 | €31,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,122 | €72,226 | +€104 | +0.1% |
| Amounts payable | 17/49 | €2,793 | €1,412 | -€1,381 | -49.4% |
| Amounts payable after more than one year | 17 | €1,374 | - | -€1,374 | |
| Financial debts | 170/4 | €1,374 | - | -€1,374 | |
| Amounts payable within one year | 42/48 | €1,419 | €1,412 | -€7 | -0.5% |
| Trade debts | 44 | €1,419 | €1,324 | -€95 | -6.7% |
| Suppliers | 440/4 | €1,419 | €1,324 | -€95 | -6.7% |
| Taxes, remuneration and social security | 45 | - | €88 | +€88 | |
| Taxes | 450/3 | - | €88 | +€88 | |
| Other operating charges | 640/8 | €404 | €419 | +€15 | +3.7% |
| Gross operating margin | 9900 | €10,414 | €9,685 | -€729 | -7.0% |
| Operating profit (loss) | 9901 | €10,010 | €9,266 | -€744 | -7.4% |
| Financial income | 75/76B | €1,247 | €500 | -€747 | -59.9% |
| Recurring financial income | 75 | €1,247 | €500 | -€747 | -59.9% |
| Financial charges | 65/66B | €197 | €151 | -€46 | -23.4% |
| Recurring financial charges | 65 | €197 | €151 | -€46 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €11,060 | €9,615 | -€1,445 | -13.1% |
| Income taxes | 67/77 | €224 | €511 | +€287 | +128.1% |
| Profit (loss) for the period | 9904 | €10,836 | €9,104 | -€1,732 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,836 | €9,104 | -€1,732 | -16.0% |
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.