BruNetto: 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.
BruNetto
Largest movements
- Current investments +€101,520
new in 2025: €101,520
- Cash +€29,633
up €29,633 (+6.9%), from €429,901 to €459,534
mainly Net result for the year (+€156,115) and Depreciation (+€34,456)
- Receivables within one year +€13,339
up €13,339 (+24.1%), from €55,359 to €68,698
of which Other amounts receivable: +€12,089
- Deferred charges and accrued income +€11,147
up €11,147 (+41.3%), from €27,013 to €38,160
- Reserves +€147,562
up €147,562 (+30.2%), from €488,369 to €635,931
of which Distributable reserves: +€105,462
- Trade debts +€21,105
up €21,105 (+25.7%), from €82,260 to €103,365
- Debts after one year -€15,600
down €15,600 (-5.4%), from €290,034 to €274,435
- Gross operating margin +€164,695
up €164,695 (+26.4%), from €624,414 to €789,109
- Staff costs +€162,442
up €162,442 (+44.2%), from €367,250 to €529,692
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 | €958,555 | €1,112,202 | +€153,647 | +16.0% |
| Fixed assets | 21/28 | €446,283 | €444,291 | -€1,992 | -0.4% |
| Intangible fixed assets | 21 | €3,277 | €2,081 | -€1,196 | -36.5% |
| Tangible fixed assets | 22/27 | €442,956 | €442,160 | -€796 | -0.2% |
| Land and buildings | 22 | €190,189 | €181,575 | -€8,614 | -4.5% |
| Plant, machinery and equipment | 23 | €1,184 | €719 | -€466 | -39.3% |
| Furniture and vehicles | 24 | €33,398 | €44,751 | +€11,353 | +34.0% |
| Other tangible fixed assets | 26 | €218,185 | €215,116 | -€3,069 | -1.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €512,273 | €667,911 | +€155,639 | +30.4% |
| Amounts receivable within one year | 40/41 | €55,359 | €68,698 | +€13,339 | +24.1% |
| Trade receivables | 40 | €54,946 | €56,197 | +€1,250 | +2.3% |
| Other amounts receivable | 41 | €412 | €12,501 | +€12,089 | +2,933% |
| Current investments | 50/53 | - | €101,520 | +€101,520 | |
| Cash at bank and in hand | 54/58 | €429,901 | €459,534 | +€29,633 | +6.9% |
| Deferred charges and accrued income | 490/1 | €27,013 | €38,160 | +€11,147 | +41.3% |
| Total equity and liabilities | 10/49 | €958,555 | €1,112,202 | +€153,647 | +16.0% |
| Equity | 10/15 | €493,369 | €640,931 | +€147,562 | +29.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €488,369 | €635,931 | +€147,562 | +30.2% |
| Tax-exempt reserves | 132 | €126,300 | €168,400 | +€42,100 | +33.3% |
| Distributable reserves | 133 | €362,069 | €467,531 | +€105,462 | +29.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €465,186 | €471,271 | +€6,085 | +1.3% |
| Amounts payable after more than one year | 17 | €290,034 | €274,435 | -€15,600 | -5.4% |
| Financial debts | 170/4 | €290,034 | €274,435 | -€15,600 | -5.4% |
| Amounts payable within one year | 42/48 | €173,790 | €196,752 | +€22,962 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €14,966 | €15,600 | +€634 | +4.2% |
| Trade debts | 44 | €82,260 | €103,365 | +€21,105 | +25.7% |
| Suppliers | 440/4 | €82,260 | €103,365 | +€21,105 | +25.7% |
| Taxes, remuneration and social security | 45 | €70,375 | €66,592 | -€3,783 | -5.4% |
| Taxes | 450/3 | €31,710 | €16,589 | -€15,121 | -47.7% |
| Remuneration and social security | 454/9 | €38,665 | €50,003 | +€11,338 | +29.3% |
| Other amounts payable | 47/48 | €6,190 | €11,196 | +€5,006 | +80.9% |
| Accrued charges and deferred income | 492/3 | €1,362 | €84 | -€1,278 | -93.8% |
| Remuneration, social security and pensions | 62 | €367,250 | €529,692 | +€162,442 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,786 | €34,456 | +€7,670 | +28.6% |
| Other operating charges | 640/8 | €620 | €1,870 | +€1,251 | +202% |
| Gross operating margin | 9900 | €624,414 | €789,109 | +€164,695 | +26.4% |
| Operating profit (loss) | 9901 | €229,758 | €223,090 | -€6,668 | -2.9% |
| Financial income | 75/76B | €1,377 | €2,651 | +€1,274 | +92.5% |
| Recurring financial income | 75 | €1,377 | €2,651 | +€1,274 | +92.5% |
| Financial charges | 65/66B | €15,593 | €17,613 | +€2,020 | +13.0% |
| Recurring financial charges | 65 | €15,593 | €17,613 | +€2,020 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €215,542 | €208,129 | -€7,413 | -3.4% |
| Income taxes | 67/77 | €49,948 | €52,013 | +€2,065 | +4.1% |
| Profit (loss) for the period | 9904 | €165,594 | €156,115 | -€9,478 | -5.7% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,494 | €114,015 | -€9,478 | -7.7% |
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 31 October 2026 via checked.be.