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 +€143,695
up €143,695 (+90.4%), from €158,904 to €302,599
mainly Receivables within one year (+€109,161) and Depreciation (+€46,909)
- Receivables within one year -€109,161
down €109,161 (-32.6%), from €334,830 to €225,670
of which Trade receivables: -€118,644
- Tangible fixed assets -€33,331
down €33,331 (-5.2%), from €635,295 to €601,964
of which Plant, machinery and equipment: -€33,122
- Stocks and contracts +€19,893
up €19,893 (+6.0%), from €329,566 to €349,459
- Current portion of long-term debt +€28,025
up €28,025 (+51.6%), from €54,310 to €82,335
- Reserves +€18,466
up €18,466 (+3.1%), from €588,557 to €607,022
- Other debts -€18,259
down €18,259 (-14.0%), from €130,397 to €112,138
- Gross operating margin +€81,928
up €81,928 (+20.2%), from €406,482 to €488,410
- Staff costs +€73,845
up €73,845 (+29.9%), from €247,303 to €321,148
- Write-downs +€40,461
up €40,461 (+171.6%), from €23,578 to €64,038
- Taxes -€8,132
down €8,132 (-52.4%), from €15,526 to €7,394
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 | €1,460,814 | €1,482,065 | +€21,252 | +1.5% |
| Fixed assets | 21/28 | €636,318 | €602,987 | -€33,331 | -5.2% |
| Tangible fixed assets | 22/27 | €635,295 | €601,964 | -€33,331 | -5.2% |
| Plant, machinery and equipment | 23 | €393,852 | €360,731 | -€33,122 | -8.4% |
| Other tangible fixed assets | 26 | €241,442 | €241,233 | -€209 | -0.1% |
| Financial fixed assets | 28 | €1,023 | €1,023 | = | 0.0% |
| Current assets | 29/58 | €824,496 | €879,078 | +€54,582 | +6.6% |
| Stocks and contracts in progress | 3 | €329,566 | €349,459 | +€19,893 | +6.0% |
| Stocks | 30/36 | €329,566 | €349,459 | +€19,893 | +6.0% |
| Amounts receivable within one year | 40/41 | €334,830 | €225,670 | -€109,161 | -32.6% |
| Trade receivables | 40 | €324,859 | €206,216 | -€118,644 | -36.5% |
| Other amounts receivable | 41 | €9,971 | €19,454 | +€9,483 | +95.1% |
| Cash at bank and in hand | 54/58 | €158,904 | €302,599 | +€143,695 | +90.4% |
| Deferred charges and accrued income | 490/1 | €1,195 | €1,351 | +€155 | +13.0% |
| Total equity and liabilities | 10/49 | €1,460,814 | €1,482,065 | +€21,252 | +1.5% |
| Equity | 10/15 | €607,149 | €625,615 | +€18,466 | +3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €588,557 | €607,022 | +€18,466 | +3.1% |
| Distributable reserves | 133 | €588,557 | €607,022 | +€18,466 | +3.1% |
| Amounts payable | 17/49 | €853,665 | €856,451 | +€2,786 | +0.3% |
| Amounts payable after more than one year | 17 | €425,977 | €431,845 | +€5,868 | +1.4% |
| Financial debts | 170/4 | €425,977 | €431,845 | +€5,868 | +1.4% |
| Amounts payable within one year | 42/48 | €417,746 | €415,606 | -€2,140 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €54,310 | €82,335 | +€28,025 | +51.6% |
| Trade debts | 44 | €221,275 | €209,871 | -€11,404 | -5.2% |
| Suppliers | 440/4 | €221,275 | €209,871 | -€11,404 | -5.2% |
| Taxes, remuneration and social security | 45 | €11,764 | €11,262 | -€502 | -4.3% |
| Taxes | 450/3 | €4,145 | - | -€4,145 | |
| Remuneration and social security | 454/9 | €7,619 | €11,262 | +€3,643 | +47.8% |
| Other amounts payable | 47/48 | €130,397 | €112,138 | -€18,259 | -14.0% |
| Accrued charges and deferred income | 492/3 | €9,943 | €9,000 | -€943 | -9.5% |
| Remuneration, social security and pensions | 62 | €247,303 | €321,148 | +€73,845 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,242 | €46,909 | +€1,667 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,578 | €64,038 | +€40,461 | +171.6% |
| Other operating charges | 640/8 | €2,320 | €2,496 | +€176 | +7.6% |
| Gross operating margin | 9900 | €406,482 | €488,410 | +€81,928 | +20.2% |
| Operating profit (loss) | 9901 | €88,039 | €53,819 | -€34,220 | -38.9% |
| Financial income | 75/76B | €1,763 | €143 | -€1,620 | -91.9% |
| Recurring financial income | 75 | €1,763 | €143 | -€1,620 | -91.9% |
| Financial charges | 65/66B | €24,873 | €28,103 | +€3,229 | +13.0% |
| Recurring financial charges | 65 | €24,873 | €28,103 | +€3,229 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €64,929 | €25,860 | -€39,070 | -60.2% |
| Income taxes | 67/77 | €15,526 | €7,394 | -€8,132 | -52.4% |
| Profit (loss) for the period | 9904 | €49,404 | €18,466 | -€30,938 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,404 | €18,466 | -€30,938 | -62.6% |
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 6 October 2026 via checked.be.