BRUNEEL T.: 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.
BRUNEEL T.
Largest movements
- Receivables within one year -€58,882
down €58,882 (-30.8%), from €191,342 to €132,460
of which Other amounts receivable: -€68,882
- Cash +€58,829
up €58,829 (+752%), from €7,819 to €66,648
mainly Receivables within one year (+€58,882) and Net result for the year (+€31,347)
- Tangible fixed assets +€37,999
up €37,999 (+21.8%), from €174,317 to €212,316
of which Furniture and vehicles: +€49,620
- Other debts +€23,408
up €23,408 (+61.4%), from €38,139 to €61,548
- Debts after one year +€14,314
up €14,314 (+14.2%), from €100,646 to €114,960
- Current portion of long-term debt +€9,207
up €9,207 (+45.8%), from €20,088 to €29,296
- Reserves -€8,639
down €8,639 (-4.5%), from €191,627 to €182,987
- Gross operating margin -€10,760
down €10,760 (-13.7%), from €78,343 to €67,583
- Taxes -€3,651
down €3,651 (-19.9%), from €18,390 to €14,739
- Depreciation +€3,547
up €3,547 (+29.0%), from €12,213 to €15,760
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 | €374,794 | €413,301 | +€38,507 | +10.3% |
| Fixed assets | 21/28 | €174,372 | €212,371 | +€37,999 | +21.8% |
| Tangible fixed assets | 22/27 | €174,317 | €212,316 | +€37,999 | +21.8% |
| Land and buildings | 22 | €174,317 | €162,696 | -€11,621 | -6.7% |
| Furniture and vehicles | 24 | €0 | €49,620 | +€49,620 | |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €200,422 | €200,930 | +€508 | +0.3% |
| Amounts receivable within one year | 40/41 | €191,342 | €132,460 | -€58,882 | -30.8% |
| Trade receivables | 40 | €16,940 | €26,940 | +€10,000 | +59.0% |
| Other amounts receivable | 41 | €174,402 | €105,520 | -€68,882 | -39.5% |
| Cash at bank and in hand | 54/58 | €7,819 | €66,648 | +€58,829 | +752% |
| Deferred charges and accrued income | 490/1 | €1,261 | €1,822 | +€562 | +44.5% |
| Total equity and liabilities | 10/49 | €374,794 | €413,301 | +€38,507 | +10.3% |
| Equity | 10/15 | €204,027 | €195,387 | -€8,639 | -4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €191,627 | €182,987 | -€8,639 | -4.5% |
| Distributable reserves | 133 | €191,627 | €182,987 | -€8,639 | -4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,767 | €217,913 | +€47,146 | +27.6% |
| Amounts payable after more than one year | 17 | €100,646 | €114,960 | +€14,314 | +14.2% |
| Financial debts | 170/4 | €100,646 | €114,960 | +€14,314 | +14.2% |
| Amounts payable within one year | 42/48 | €70,121 | €102,954 | +€32,832 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €20,088 | €29,296 | +€9,207 | +45.8% |
| Trade debts | 44 | €5,717 | €5,035 | -€682 | -11.9% |
| Suppliers | 440/4 | €5,717 | €5,035 | -€682 | -11.9% |
| Taxes, remuneration and social security | 45 | €6,177 | €7,075 | +€899 | +14.6% |
| Taxes | 450/3 | €3,533 | €4,432 | +€899 | +25.4% |
| Remuneration and social security | 454/9 | €2,644 | €2,644 | = | 0.0% |
| Other amounts payable | 47/48 | €38,139 | €61,548 | +€23,408 | +61.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,213 | €15,760 | +€3,547 | +29.0% |
| Other operating charges | 640/8 | €2,752 | €2,118 | -€634 | -23.0% |
| Gross operating margin | 9900 | €78,343 | €67,583 | -€10,760 | -13.7% |
| Operating profit (loss) | 9901 | €63,379 | €49,705 | -€13,674 | -21.6% |
| Financial income | 75/76B | €0 | €18 | +€18 | |
| Recurring financial income | 75 | €0 | €18 | +€18 | |
| Financial charges | 65/66B | €3,465 | €3,638 | +€173 | +5.0% |
| Recurring financial charges | 65 | €3,465 | €3,638 | +€173 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €59,914 | €46,086 | -€13,828 | -23.1% |
| Income taxes | 67/77 | €18,390 | €14,739 | -€3,651 | -19.9% |
| Profit (loss) for the period | 9904 | €41,524 | €31,347 | -€10,177 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,524 | €31,347 | -€10,177 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.