BRUNEEL: 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.
BRUNEEL
Largest movements
- Tangible fixed assets +€40,549
up €40,549 (+833.5%), from €4,865 to €45,414
of which Furniture and vehicles: +€41,348
- Cash -€2,615
down €2,615 (-3.5%), from €75,097 to €72,481
mainly Investment in fixed assets (net) (-€46,832) and Tax, wage and social debts (-€5,296)
- Profit (loss) carried forward +€45,325
up €45,325 (+55.8%), from €81,224 to €126,549
- Tax, wage and social debts -€5,296
no longer reported in 2025 (was €5,296)
- Gross operating margin +€5,067
up €5,067 (+8.4%), from €60,665 to €65,732
- Depreciation +€4,553
up €4,553 (+263.0%), from €1,731 to €6,284
- Taxes -€2,039
down €2,039 (-13.0%), from €15,627 to €13,588
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 | €93,413 | €132,606 | +€39,193 | +42.0% |
| Fixed assets | 21/28 | €4,865 | €45,414 | +€40,549 | +833.5% |
| Tangible fixed assets | 22/27 | €4,865 | €45,414 | +€40,549 | +833.5% |
| Plant, machinery and equipment | 23 | €1,361 | €562 | -€800 | -58.7% |
| Furniture and vehicles | 24 | €3,504 | €44,852 | +€41,348 | +1180.1% |
| Current assets | 29/58 | €88,548 | €87,193 | -€1,355 | -1.5% |
| Stocks and contracts in progress | 3 | €5,139 | €5,139 | = | 0.0% |
| Stocks | 30/36 | €5,139 | €5,139 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,313 | €9,573 | +€1,260 | +15.2% |
| Trade receivables | 40 | €8,313 | €7,173 | -€1,140 | -13.7% |
| Other amounts receivable | 41 | - | €2,400 | +€2,400 | |
| Cash at bank and in hand | 54/58 | €75,097 | €72,481 | -€2,615 | -3.5% |
| Total equity and liabilities | 10/49 | €93,413 | €132,606 | +€39,193 | +42.0% |
| Equity | 10/15 | €84,224 | €129,549 | +€45,325 | +53.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,224 | €126,549 | +€45,325 | +55.8% |
| Amounts payable | 17/49 | €9,189 | €3,058 | -€6,132 | -66.7% |
| Amounts payable within one year | 42/48 | €8,989 | €3,058 | -€5,932 | -66.0% |
| Trade debts | 44 | €721 | €381 | -€340 | -47.2% |
| Suppliers | 440/4 | €721 | €381 | -€340 | -47.2% |
| Taxes, remuneration and social security | 45 | €5,296 | - | -€5,296 | |
| Taxes | 450/3 | €5,296 | - | -€5,296 | |
| Other amounts payable | 47/48 | €2,972 | €2,677 | -€296 | -9.9% |
| Accrued charges and deferred income | 492/3 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,731 | €6,284 | +€4,553 | +263.0% |
| Other operating charges | 640/8 | €437 | €317 | -€119 | -27.3% |
| Non-recurring operating charges | 66A | - | €127 | +€127 | |
| Gross operating margin | 9900 | €60,665 | €65,732 | +€5,067 | +8.4% |
| Operating profit (loss) | 9901 | €58,498 | €59,004 | +€506 | +0.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €82 | €91 | +€9 | +11.0% |
| Recurring financial charges | 65 | €82 | €91 | +€9 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €58,416 | €58,913 | +€497 | +0.9% |
| Income taxes | 67/77 | €15,627 | €13,588 | -€2,039 | -13.0% |
| Profit (loss) for the period | 9904 | €42,788 | €45,325 | +€2,537 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,788 | €45,325 | +€2,537 | +5.9% |
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.