Brunchco 21: 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.
What changed
Brunchco 21
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.8m
2024 · €5.2m-€457,632
Equity
€23.4m
2024 · €18.6m+€4.8m
Cash
€1.6m
2024 · €5.9m-€4.2m
Balance sheet total
€27.4m
2024 · €28.7m-€1.3m
Largest movements
Assets
- Cash -€4.2m
down €4.2m (-72.2%), from €5.9m to €1.6m
mainly Debts after one year (-€5.2m) and Receivables within one year (-€2.4m)
- Receivables within one year +€2.4m
up €2.4m (+27.9%), from €8.7m to €11.1m
of which Trade receivables: +€2.6m
Equity and liabilities
- Debts after one year -€5.2m
down €5.2m (-85.6%), from €6.1m to €875,000
- Profit (loss) carried forward +€4.8m
up €4.8m, from -€2.1m to €2.7m
- Trade debts -€1.5m
down €1.5m (-44.9%), from €3.3m to €1.8m
of which Suppliers: -€1.5m
Income statement
- Turnover -€1.4m
down €1.4m (-10.7%), from €13.0m to €11.6m
- Services and other goods -€486,773
down €486,773 (-6.0%), from €8.1m to €7.6m
- Financial charges -€258,427
down €258,427 (-48.0%), from €538,674 to €280,247
of which Financial charges: -€243,374
- Other operating income +€216,480
up €216,480 (+15.7%), from €1.4m to €1.6m
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.
Result 2024
€5.2m
Turnover
-€1.4m
Other operating income
+€216,480
Services and other goods
+€486,773
Depreciation
-€107,834
Other operating charges
+€63,861
Other operating items
+€29,581
Financial income
+€32,809
Financial charges
+€258,427
Taxes
-€40,254
Result 2025
€4.8m
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.
From operations
+€1.5m
Investment
-€723,369
Financing
-€5.1m
Cash 2024
€5.9m
From operations (derived)
+€1.5m
Net result for the year
+€4.8m
Depreciation
+€354,519
Receivables within one year
-€2.4m
Deferred charges and accrued income
-€109,043
Trade debts
-€1.5m
Tax, wage and social debts
+€285,047
Accrued charges and deferred income
+€115,611
Investment (derived)
-€723,369
Investment in fixed assets (net)
-€723,369
Financing
-€5.1m
Debts after one year
-€5.2m
Current portion of long-term debt
+€145,833
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,740,714 | €27,391,702 | -€1.3m | -4.7% |
| Fixed assets | 21/28 | €13,897,980 | €14,266,830 | +€368,850 | +2.7% |
| Intangible fixed assets | 21 | €1,145,710 | €1,172,988 | +€27,278 | +2.4% |
| Tangible fixed assets | 22/27 | €20,234 | €191,020 | +€170,786 | +844.0% |
| Plant, machinery and equipment | 23 | €15,149 | €7,202 | -€7,947 | -52.5% |
| Other tangible fixed assets | 26 | €5,085 | €1,712 | -€3,373 | -66.3% |
| Assets under construction and advance payments | 27 | - | €182,107 | +€182,107 | |
| Financial fixed assets | 28 | €12,732,036 | €12,902,822 | +€170,786 | +1.3% |
| Affiliated companies | 280/1 | €12,732,036 | €12,902,822 | +€170,786 | +1.3% |
| Participating interests | 280 | €4,520,000 | €4,520,000 | = | 0.0% |
| Amounts receivable | 281 | €8,212,036 | €8,382,822 | +€170,786 | +2.1% |
| Current assets | 29/58 | €14,842,734 | €13,124,872 | -€1.7m | -11.6% |
| Amounts receivable within one year | 40/41 | €8,662,058 | €11,082,661 | +€2.4m | +27.9% |
| Trade receivables | 40 | €8,508,105 | €11,082,661 | +€2.6m | +30.3% |
| Other amounts receivable | 41 | €153,952 | - | -€153,952 | |
| Cash at bank and in hand | 54/58 | €5,886,469 | €1,638,959 | -€4.2m | -72.2% |
| Deferred charges and accrued income | 490/1 | €294,208 | €403,251 | +€109,043 | +37.1% |
| Total equity and liabilities | 10/49 | €28,740,714 | €27,391,702 | -€1.3m | -4.7% |
| Equity | 10/15 | €18,584,363 | €23,354,336 | +€4.8m | +25.7% |
| Contributions | 10/11 | €20,664,000 | €20,664,000 | = | 0.0% |
| Capital | 10 | €20,664,000 | €20,664,000 | = | 0.0% |
| Issued capital | 100 | €20,709,300 | €20,709,300 | = | 0.0% |
| Uncalled capital | 101 | €45,300 | €45,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,079,637 | €2,690,336 | +€4.8m | |
| Amounts payable | 17/49 | €10,156,351 | €4,037,366 | -€6.1m | -60.2% |
| Amounts payable after more than one year | 17 | €6,076,684 | €875,000 | -€5.2m | -85.6% |
| Financial debts | 170/4 | €6,076,684 | €875,000 | -€5.2m | -85.6% |
| Subordinated loans | 170 | €4,472,517 | - | -€4.5m | |
| Credit institutions | 173 | €1,604,167 | €875,000 | -€729,167 | -45.5% |
| Amounts payable within one year | 42/48 | €4,050,206 | €3,017,294 | -€1.0m | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €437,500 | €583,333 | +€145,833 | +33.3% |
| Trade debts | 44 | €3,262,706 | €1,798,913 | -€1.5m | -44.9% |
| Suppliers | 440/4 | €3,262,706 | €1,723,913 | -€1.5m | -47.2% |
| Bills of exchange payable | 441 | - | €75,000 | +€75,000 | |
| Taxes, remuneration and social security | 45 | €350,000 | €635,047 | +€285,047 | +81.4% |
| Taxes | 450/3 | €350,000 | €635,047 | +€285,047 | +81.4% |
| Accrued charges and deferred income | 492/3 | €29,461 | €145,072 | +€115,611 | +392.4% |
| Operating income | 70/76A | €14,402,363 | €13,221,369 | -€1.2m | -8.2% |
| Turnover | 70 | €13,023,922 | €11,626,448 | -€1.4m | -10.7% |
| Other operating income | 74 | €1,378,441 | €1,594,921 | +€216,480 | +15.7% |
| Operating charges | 60/66A | €8,449,917 | €7,977,536 | -€472,381 | -5.6% |
| Services and other goods | 61 | €8,109,790 | €7,623,017 | -€486,773 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,685 | €354,519 | +€107,834 | +43.7% |
| Other operating charges | 640/8 | €63,861 | - | -€63,861 | |
| Non-recurring operating charges | 66A | €29,581 | - | -€29,581 | |
| Operating profit (loss) | 9901 | €5,952,446 | €5,243,833 | -€708,614 | -11.9% |
| Financial income | 75/76B | €259,263 | €292,072 | +€32,809 | +12.7% |
| Recurring financial income | 75 | €259,263 | €292,072 | +€32,809 | +12.7% |
| Income from financial fixed assets | 750 | €224,752 | €260,329 | +€35,577 | +15.8% |
| Other financial income | 752/9 | €34,511 | €31,743 | -€2,768 | -8.0% |
| Financial charges | 65/66B | €538,674 | €280,247 | -€258,427 | -48.0% |
| Recurring financial charges | 65 | €523,621 | €280,247 | -€243,374 | -46.5% |
| Debt charges | 650 | €489,068 | €203,115 | -€285,953 | -58.5% |
| Other financial charges | 652/9 | €34,553 | €77,133 | +€42,579 | +123.2% |
| Non-recurring financial charges | 66B | €15,053 | - | -€15,053 | |
| Profit (loss) for the period before taxes | 9903 | €5,673,035 | €5,255,657 | -€417,378 | -7.4% |
| Income taxes | 67/77 | €445,430 | €485,684 | +€40,254 | +9.0% |
| Taxes | 670/3 | €445,430 | €617,137 | +€171,707 | +38.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €131,453 | +€131,453 | |
| Profit (loss) for the period | 9904 | €5,227,605 | €4,769,973 | -€457,632 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,227,605 | €4,769,973 | -€457,632 | -8.8% |
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.