BRUNET: 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.
BRUNET
Largest movements
- Receivables within one year -€4,654
no longer reported in 2025 (was €4,654)
of which Trade receivables: -€2,733
- Tangible fixed assets -€3,108
down €3,108 (-10.5%), from €29,620 to €26,512
of which Plant, machinery and equipment: -€4,549
- Cash +€1,774
up €1,774 (+8.1%), from €22,015 to €23,789
mainly Depreciation (+€10,363) and Receivables within one year (+€4,654)
- Profit (loss) carried forward -€9,285
down €9,285 (-1402.3%), from -€662 to -€9,947
- Other debts +€2,997
up €2,997 (+17.6%), from €17,000 to €19,997
- Gross operating margin -€6,946
down €6,946 (-77.1%), from €9,014 to €2,068
- Depreciation +€2,189
up €2,189 (+26.8%), from €8,174 to €10,363
- Other operating charges +€677
up €677 (+216.8%), from €312 to €990
- Taxes -€634
no longer reported in 2025 (was €634)
- Staff costs -€387
no longer reported in 2025 (was €387)
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 | €56,789 | €50,501 | -€6,288 | -11.1% |
| Fixed assets | 21/28 | €30,120 | €26,712 | -€3,408 | -11.3% |
| Tangible fixed assets | 22/27 | €29,620 | €26,512 | -€3,108 | -10.5% |
| Plant, machinery and equipment | 23 | €23,065 | €18,516 | -€4,549 | -19.7% |
| Furniture and vehicles | 24 | €6,555 | €7,997 | +€1,441 | +22.0% |
| Financial fixed assets | 28 | €500 | €200 | -€300 | -60.0% |
| Current assets | 29/58 | €26,669 | €23,789 | -€2,880 | -10.8% |
| Amounts receivable within one year | 40/41 | €4,654 | - | -€4,654 | |
| Trade receivables | 40 | €2,733 | - | -€2,733 | |
| Other amounts receivable | 41 | €1,920 | - | -€1,920 | |
| Cash at bank and in hand | 54/58 | €22,015 | €23,789 | +€1,774 | +8.1% |
| Total equity and liabilities | 10/49 | €56,789 | €50,501 | -€6,288 | -11.1% |
| Equity | 10/15 | €39,789 | €30,504 | -€9,285 | -23.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,859 | €21,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€662 | -€9,947 | -€9,285 | -1402.3% |
| Amounts payable | 17/49 | €17,000 | €19,997 | +€2,997 | +17.6% |
| Amounts payable within one year | 42/48 | €17,000 | €19,997 | +€2,997 | +17.6% |
| Other amounts payable | 47/48 | €17,000 | €19,997 | +€2,997 | +17.6% |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,174 | €10,363 | +€2,189 | +26.8% |
| Other operating charges | 640/8 | €312 | €990 | +€677 | +216.8% |
| Gross operating margin | 9900 | €9,014 | €2,068 | -€6,946 | -77.1% |
| Operating profit (loss) | 9901 | €140 | -€9,285 | -€9,425 | |
| Financial charges | 65/66B | €64 | - | -€64 | |
| Recurring financial charges | 65 | €64 | - | -€64 | |
| Profit (loss) for the period before taxes | 9903 | €76 | -€9,285 | -€9,361 | |
| Income taxes | 67/77 | €634 | - | -€634 | |
| Profit (loss) for the period | 9904 | -€558 | -€9,285 | -€8,727 | -1564.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€558 | -€9,285 | -€8,727 | -1564.6% |
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 11 October 2026 via checked.be.