BRUNEEL PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€56,885
down €56,885 (-16.0%), from €355,180 to €298,295
of which Other amounts receivable: -€135,036
- Tangible fixed assets -€31,965
down €31,965 (-13.3%), from €239,834 to €207,869
of which Furniture and vehicles: -€22,783
- Stocks and contracts -€25,194
down €25,194 (-45.8%), from €54,994 to €29,800
- Cash -€8,888
down €8,888 (-6.7%), from €133,020 to €124,132
mainly Other debts (-€94,460) and Short-term financial debts (-€80,000)
- Other debts -€94,460
down €94,460 (-84.8%), from €111,350 to €16,890
- Profit (loss) carried forward +€88,418
up €88,418 (+2777.6%), from €3,183 to €91,601
- Short-term financial debts -€80,000
no longer reported in 2025 (was €80,000)
- Tax, wage and social debts -€40,814
down €40,814 (-73.9%), from €55,266 to €14,452
of which Taxes: -€30,741
- Trade debts +€25,982
up €25,982 (+20.4%), from €127,347 to €153,329
- Gross operating margin +€109,733
up €109,733 (+34.4%), from €319,405 to €429,138
- Staff costs +€38,453
up €38,453 (+18.9%), from €203,952 to €242,405
- Taxes +€6,810
up €6,810 (+35.6%), from €19,148 to €25,958
- Financial income -€5,149
down €5,149 (-67.3%), from €7,653 to €2,504
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 | €808,458 | €674,309 | -€134,149 | -16.6% |
| Fixed assets | 21/28 | €257,306 | €222,082 | -€35,223 | -13.7% |
| Intangible fixed assets | 21 | €17,472 | €14,213 | -€3,258 | -18.6% |
| Tangible fixed assets | 22/27 | €239,834 | €207,869 | -€31,965 | -13.3% |
| Land and buildings | 22 | €154,874 | €147,745 | -€7,128 | -4.6% |
| Plant, machinery and equipment | 23 | €19,069 | €17,016 | -€2,053 | -10.8% |
| Furniture and vehicles | 24 | €65,891 | €43,108 | -€22,783 | -34.6% |
| Current assets | 29/58 | €551,153 | €452,227 | -€98,926 | -17.9% |
| Stocks and contracts in progress | 3 | €54,994 | €29,800 | -€25,194 | -45.8% |
| Stocks | 30/36 | €54,994 | €29,800 | -€25,194 | -45.8% |
| Amounts receivable within one year | 40/41 | €355,180 | €298,295 | -€56,885 | -16.0% |
| Trade receivables | 40 | €180,136 | €258,286 | +€78,151 | +43.4% |
| Other amounts receivable | 41 | €175,044 | €40,009 | -€135,036 | -77.1% |
| Cash at bank and in hand | 54/58 | €133,020 | €124,132 | -€8,888 | -6.7% |
| Deferred charges and accrued income | 490/1 | €7,959 | - | -€7,959 | |
| Total equity and liabilities | 10/49 | €808,458 | €674,309 | -€134,149 | -16.6% |
| Equity | 10/15 | €238,643 | €327,061 | +€88,418 | +37.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,860 | €216,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €215,000 | €215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,183 | €91,601 | +€88,418 | +2777.6% |
| Amounts payable | 17/49 | €569,815 | €347,248 | -€222,567 | -39.1% |
| Amounts payable after more than one year | 17 | €162,069 | €136,848 | -€25,221 | -15.6% |
| Financial debts | 170/4 | €162,069 | €136,848 | -€25,221 | -15.6% |
| Amounts payable within one year | 42/48 | €407,746 | €210,400 | -€197,347 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €33,784 | €25,730 | -€8,054 | -23.8% |
| Financial debts | 43 | €80,000 | - | -€80,000 | |
| Credit institutions | 430/8 | €80,000 | - | -€80,000 | |
| Trade debts | 44 | €127,347 | €153,329 | +€25,982 | +20.4% |
| Suppliers | 440/4 | €127,347 | €153,329 | +€25,982 | +20.4% |
| Taxes, remuneration and social security | 45 | €55,266 | €14,452 | -€40,814 | -73.9% |
| Taxes | 450/3 | €33,557 | €2,816 | -€30,741 | -91.6% |
| Remuneration and social security | 454/9 | €21,709 | €11,636 | -€10,074 | -46.4% |
| Other amounts payable | 47/48 | €111,350 | €16,890 | -€94,460 | -84.8% |
| Remuneration, social security and pensions | 62 | €203,952 | €242,405 | +€38,453 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,316 | €45,716 | +€1,400 | +3.2% |
| Other operating charges | 640/8 | €2,568 | €3,227 | +€659 | +25.7% |
| Gross operating margin | 9900 | €319,405 | €429,138 | +€109,733 | +34.4% |
| Operating profit (loss) | 9901 | €68,569 | €137,790 | +€69,221 | +101.0% |
| Financial income | 75/76B | €7,653 | €2,504 | -€5,149 | -67.3% |
| Recurring financial income | 75 | €7,653 | €2,504 | -€5,149 | -67.3% |
| Financial charges | 65/66B | €9,952 | €13,919 | +€3,967 | +39.9% |
| Recurring financial charges | 65 | €8,140 | €13,919 | +€5,779 | +71.0% |
| Non-recurring financial charges | 66B | €1,812 | - | -€1,812 | |
| Profit (loss) for the period before taxes | 9903 | €66,270 | €126,376 | +€60,106 | +90.7% |
| Income taxes | 67/77 | €19,148 | €25,958 | +€6,810 | +35.6% |
| Profit (loss) for the period | 9904 | €47,122 | €100,418 | +€53,296 | +113.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,122 | €100,418 | +€53,296 | +113.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.