BRUNART: 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.
BRUNART
Largest movements
- Receivables within one year +€15,785
up €15,785 (+14,221%), from €111 to €15,896
- Cash -€4,839
down €4,839 (-47.0%), from €10,304 to €5,465
mainly Receivables within one year (-€15,785) and Investment in fixed assets (net) (-€5,390)
- Tangible fixed assets +€4,828
up €4,828 (+1,189%), from €406 to €5,234
of which Furniture and vehicles: +€4,980
- Stocks and contracts +€4,736
up €4,736 (+94.3%), from €5,022 to €9,758
- Deferred charges and accrued income -€913
down €913 (-74.3%), from €1,229 to €316
- Trade debts +€15,233
up €15,233 (+452%), from €3,369 to €18,602
- Profit (loss) carried forward +€6,157
up €6,157 (+16.9%), from -€36,531 to -€30,374
- Other debts -€4,102
down €4,102 (-53.3%), from €7,702 to €3,600
- Tax, wage and social debts +€1,976
up €1,976 (+161%), from €1,224 to €3,200
of which Remuneration and social security: +€1,060
- Gross operating margin +€10,837
up €10,837 (+28.4%), from €38,206 to €49,043
- Staff costs +€9,566
up €9,566 (+31.9%), from €30,001 to €39,567
- Depreciation -€3,221
down €3,221 (-85.1%), from €3,783 to €562
- Financial charges -€1,079
down €1,079 (-30.1%), from €3,582 to €2,503
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.
Derived cash bridge
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 | €17,162 | €36,759 | +€19,597 | +114% |
| Fixed assets | 21/28 | €496 | €5,324 | +€4,828 | +973% |
| Tangible fixed assets | 22/27 | €406 | €5,234 | +€4,828 | +1,189% |
| Plant, machinery and equipment | 23 | €303 | €151 | -€152 | -50.2% |
| Furniture and vehicles | 24 | €103 | €5,083 | +€4,980 | +4,835% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €16,666 | €31,435 | +€14,769 | +88.6% |
| Stocks and contracts in progress | 3 | €5,022 | €9,758 | +€4,736 | +94.3% |
| Stocks | 30/36 | €5,022 | €9,758 | +€4,736 | +94.3% |
| Amounts receivable within one year | 40/41 | €111 | €15,896 | +€15,785 | +14,221% |
| Trade receivables | 40 | €111 | €15,896 | +€15,785 | +14,221% |
| Cash at bank and in hand | 54/58 | €10,304 | €5,465 | -€4,839 | -47.0% |
| Deferred charges and accrued income | 490/1 | €1,229 | €316 | -€913 | -74.3% |
| Total equity and liabilities | 10/49 | €17,162 | €36,759 | +€19,597 | +114% |
| Equity | 10/15 | €3,469 | €9,626 | +€6,157 | +177% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,531 | -€30,374 | +€6,157 | +16.9% |
| Amounts payable | 17/49 | €13,693 | €27,133 | +€13,440 | +98.2% |
| Amounts payable within one year | 42/48 | €12,295 | €25,402 | +€13,107 | +107% |
| Trade debts | 44 | €3,369 | €18,602 | +€15,233 | +452% |
| Suppliers | 440/4 | €3,369 | €18,602 | +€15,233 | +452% |
| Taxes, remuneration and social security | 45 | €1,224 | €3,200 | +€1,976 | +161% |
| Taxes | 450/3 | €193 | €1,109 | +€916 | +475% |
| Remuneration and social security | 454/9 | €1,031 | €2,091 | +€1,060 | +103% |
| Other amounts payable | 47/48 | €7,702 | €3,600 | -€4,102 | -53.3% |
| Accrued charges and deferred income | 492/3 | €1,398 | €1,731 | +€333 | +23.8% |
| Remuneration, social security and pensions | 62 | €30,001 | €39,567 | +€9,566 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,783 | €562 | -€3,221 | -85.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €38,206 | €49,043 | +€10,837 | +28.4% |
| Operating profit (loss) | 9901 | €4,038 | €8,527 | +€4,489 | +111% |
| Financial income | 75/76B | €8 | €133 | +€125 | +1,563% |
| Recurring financial income | 75 | €8 | €133 | +€125 | +1,563% |
| Financial charges | 65/66B | €3,582 | €2,503 | -€1,079 | -30.1% |
| Recurring financial charges | 65 | €3,582 | €2,503 | -€1,079 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €464 | €6,157 | +€5,693 | +1,227% |
| Profit (loss) for the period | 9904 | €464 | €6,157 | +€5,693 | +1,227% |
| Profit (loss) for the period to be appropriated | 9905 | €464 | €6,157 | +€5,693 | +1,227% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.