BRUMAR: what changed
Two fiscal 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.
BRUMAR
Largest movements
- Cash +€9,755
up €9,755 (+6.4%), from €151,638 to €161,393
mainly Advances received (+€36,338) and Depreciation (+€474)
- Advances received +€36,338
up €36,338 (+26.2%), from €138,670 to €175,008
- Other debts -€23,000
no longer reported in 2025 (was €23,000)
- Profit (loss) carried forward -€4,057
down €4,057 (-9.2%), from -€44,097 to -€48,154
- Other operating charges -€2,008
no longer reported in 2025 (was €2,008)
- Gross operating margin -€908
down €908 (-34.9%), from -€2,602 to -€3,510
- Depreciation +€395
up €395 (+500.0%), from €79 to €474
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 | €183,074 | €192,355 | +€9,281 | +5.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €31,436 | €30,962 | -€474 | -1.5% |
| Tangible fixed assets | 22/27 | €31,436 | €30,962 | -€474 | -1.5% |
| Land and buildings | 22 | €31,436 | €30,962 | -€474 | -1.5% |
| Current assets | 29/58 | €151,638 | €161,393 | +€9,755 | +6.4% |
| Cash at bank and in hand | 54/58 | €151,638 | €161,393 | +€9,755 | +6.4% |
| Total equity and liabilities | 10/49 | €183,074 | €192,355 | +€9,281 | +5.1% |
| Equity | 10/15 | €21,404 | €17,347 | -€4,057 | -19.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Share premium | 1100/10 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,501 | €3,501 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,501 | €3,501 | = | 0.0% |
| Legal reserve | 130 | €3,501 | €3,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,097 | -€48,154 | -€4,057 | -9.2% |
| Amounts payable | 17/49 | €161,670 | €175,008 | +€13,338 | +8.3% |
| Amounts payable within one year | 42/48 | €161,670 | €175,008 | +€13,338 | +8.3% |
| Advances received on contracts in progress | 46 | €138,670 | €175,008 | +€36,338 | +26.2% |
| Other amounts payable | 47/48 | €23,000 | - | -€23,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79 | €474 | +€395 | +500.0% |
| Other operating charges | 640/8 | €2,008 | - | -€2,008 | |
| Gross operating margin | 9900 | -€2,602 | -€3,510 | -€908 | -34.9% |
| Operating profit (loss) | 9901 | -€4,689 | -€3,984 | +€705 | +15.0% |
| Financial charges | 65/66B | €90 | €73 | -€17 | -18.9% |
| Recurring financial charges | 65 | €90 | €73 | -€17 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,779 | -€4,057 | +€722 | +15.1% |
| Profit (loss) for the period | 9904 | -€4,779 | -€4,057 | +€722 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,779 | -€4,057 | +€722 | +15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.