BRUNEEL WOUTER: what changed
BRUNEEL WOUTER
Largest movements
- Receivables within one year -€7,965
down €7,965 (-23.6%), from €33,682 to €25,718
of which Trade receivables: -€12,927
- Tangible fixed assets +€6,987
up €6,987 (+125%), from €5,573 to €12,560
of which Furniture and vehicles: +€8,069
- Cash -€4,786
down €4,786 (-61.4%), from €7,791 to €3,005
mainly Investment in fixed assets (net) (-€13,000) and Other debts (-€9,070)
- Stocks and contracts +€2,500
new in 2025: €2,500
- Debts after one year +€9,784
new in 2025: €9,784
- Other debts -€9,070
down €9,070 (-100%), from €9,070 to €0
- Trade debts -€6,569
down €6,569 (-63.7%), from €10,305 to €3,736
- Current portion of long-term debt +€3,796
new in 2025: €3,796
- Tax, wage and social debts -€1,588
down €1,588 (-24.6%), from €6,464 to €4,876
of which Taxes: -€1,093
- Gross operating margin -€3,741
down €3,741 (-26.9%), from €13,917 to €10,176
- Depreciation -€2,516
down €2,516 (-29.5%), from €8,529 to €6,013
- Staff costs -€728
down €728 (-100%), from €728 to €0
- Other operating charges -€615
down €615 (-36.2%), from €1,698 to €1,084
- Taxes -€578
down €578 (-24.4%), from €2,368 to €1,789
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,030 | €44,883 | -€3,147 | -6.6% |
| Fixed assets | 21/28 | €6,473 | €13,460 | +€6,987 | +108% |
| Tangible fixed assets | 22/27 | €5,573 | €12,560 | +€6,987 | +125% |
| Plant, machinery and equipment | 23 | €2,245 | €1,163 | -€1,082 | -48.2% |
| Furniture and vehicles | 24 | €3,328 | €11,397 | +€8,069 | +242% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €41,557 | €31,423 | -€10,134 | -24.4% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €33,682 | €25,718 | -€7,965 | -23.6% |
| Trade receivables | 40 | €17,323 | €4,396 | -€12,927 | -74.6% |
| Other amounts receivable | 41 | €16,359 | €21,321 | +€4,962 | +30.3% |
| Cash at bank and in hand | 54/58 | €7,791 | €3,005 | -€4,786 | -61.4% |
| Deferred charges and accrued income | 490/1 | €83 | €200 | +€117 | +141% |
| Total equity and liabilities | 10/49 | €48,030 | €44,883 | -€3,147 | -6.6% |
| Equity | 10/15 | €22,191 | €22,689 | +€498 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,991 | €16,489 | +€498 | +3.1% |
| 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 | €14,131 | €14,629 | +€498 | +3.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €25,839 | €22,194 | -€3,645 | -14.1% |
| Amounts payable after more than one year | 17 | - | €9,784 | +€9,784 | |
| Financial debts | 170/4 | - | €9,784 | +€9,784 | |
| Amounts payable within one year | 42/48 | €25,839 | €12,408 | -€13,431 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,796 | +€3,796 | |
| Trade debts | 44 | €10,305 | €3,736 | -€6,569 | -63.7% |
| Suppliers | 440/4 | €10,305 | €3,736 | -€6,569 | -63.7% |
| Taxes, remuneration and social security | 45 | €6,464 | €4,876 | -€1,588 | -24.6% |
| Taxes | 450/3 | €5,969 | €4,876 | -€1,093 | -18.3% |
| Remuneration and social security | 454/9 | €495 | €0 | -€495 | -100% |
| Other amounts payable | 47/48 | €9,070 | €0 | -€9,070 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €728 | €0 | -€728 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,529 | €6,013 | -€2,516 | -29.5% |
| Other operating charges | 640/8 | €1,698 | €1,084 | -€615 | -36.2% |
| Gross operating margin | 9900 | €13,917 | €10,176 | -€3,741 | -26.9% |
| Operating profit (loss) | 9901 | €2,962 | €3,079 | +€118 | +4.0% |
| Financial income | 75/76B | €119 | €200 | +€82 | +68.9% |
| Recurring financial income | 75 | €119 | €200 | +€82 | +68.9% |
| Financial charges | 65/66B | €490 | €992 | +€502 | +102% |
| Recurring financial charges | 65 | €490 | €992 | +€502 | +102% |
| Profit (loss) for the period before taxes | 9903 | €2,590 | €2,288 | -€302 | -11.7% |
| Income taxes | 67/77 | €2,368 | €1,789 | -€578 | -24.4% |
| Profit (loss) for the period | 9904 | €223 | €498 | +€276 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €223 | €498 | +€276 | +124% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.