BRUNEX: 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.
BRUNEX
Largest movements
- Tangible fixed assets +€10,602
up €10,602 (+466.7%), from €2,271 to €12,873
of which Furniture and vehicles: +€7,816
- Cash -€3,813
down €3,813 (-6.8%), from €55,882 to €52,070
mainly Contributions, distributions and other (-€49,507) and Investment in fixed assets (net) (-€15,540)
- Current investments -€2,709
down €2,709 (-4.6%), from €58,430 to €55,721
- Tax, wage and social debts +€2,521
up €2,521 (+28.4%), from €8,885 to €11,407
- Financial charges +€3,278
up €3,278 (+150.1%), from €2,184 to €5,461
- Gross operating margin +€2,784
up €2,784 (+4.3%), from €65,109 to €67,893
- Depreciation +€1,805
up €1,805 (+57.6%), from €3,134 to €4,938
- Financial income +€1,529
up €1,529 (+36.4%), from €4,205 to €5,734
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 | €185,536 | €187,188 | +€1,652 | +0.9% |
| Fixed assets | 21/28 | €2,271 | €12,873 | +€10,602 | +466.7% |
| Tangible fixed assets | 22/27 | €2,271 | €12,873 | +€10,602 | +466.7% |
| Plant, machinery and equipment | 23 | €1,579 | €4,365 | +€2,786 | +176.5% |
| Furniture and vehicles | 24 | €693 | €8,508 | +€7,816 | +1128.3% |
| Current assets | 29/58 | €183,264 | €174,315 | -€8,950 | -4.9% |
| Amounts receivable within one year | 40/41 | €62,305 | €61,316 | -€989 | -1.6% |
| Trade receivables | 40 | €28,954 | €28,026 | -€928 | -3.2% |
| Other amounts receivable | 41 | €33,351 | €33,290 | -€61 | -0.2% |
| Current investments | 50/53 | €58,430 | €55,721 | -€2,709 | -4.6% |
| Cash at bank and in hand | 54/58 | €55,882 | €52,070 | -€3,813 | -6.8% |
| Deferred charges and accrued income | 490/1 | €6,647 | €5,208 | -€1,439 | -21.7% |
| Total equity and liabilities | 10/49 | €185,536 | €187,188 | +€1,652 | +0.9% |
| Equity | 10/15 | €174,814 | €173,843 | -€971 | -0.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €173,814 | €172,843 | -€971 | -0.6% |
| Distributable reserves | 133 | €173,814 | €172,843 | -€971 | -0.6% |
| Amounts payable | 17/49 | €10,722 | €13,345 | +€2,623 | +24.5% |
| Amounts payable within one year | 42/48 | €10,722 | €13,345 | +€2,623 | +24.5% |
| Trade debts | 44 | €1,837 | €1,938 | +€101 | +5.5% |
| Suppliers | 440/4 | €1,837 | €1,938 | +€101 | +5.5% |
| Taxes, remuneration and social security | 45 | €8,885 | €11,407 | +€2,521 | +28.4% |
| Taxes | 450/3 | €8,885 | €11,407 | +€2,521 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,134 | €4,938 | +€1,805 | +57.6% |
| Other operating charges | 640/8 | €1,202 | €798 | -€404 | -33.6% |
| Gross operating margin | 9900 | €65,109 | €67,893 | +€2,784 | +4.3% |
| Operating profit (loss) | 9901 | €60,774 | €62,157 | +€1,383 | +2.3% |
| Financial income | 75/76B | €4,205 | €5,734 | +€1,529 | +36.4% |
| Recurring financial income | 75 | €4,205 | €5,734 | +€1,529 | +36.4% |
| Financial charges | 65/66B | €2,184 | €5,461 | +€3,278 | +150.1% |
| Recurring financial charges | 65 | €2,184 | €5,461 | +€3,278 | +150.1% |
| Profit (loss) for the period before taxes | 9903 | €62,795 | €62,430 | -€365 | -0.6% |
| Income taxes | 67/77 | €13,288 | €13,894 | +€606 | +4.6% |
| Profit (loss) for the period | 9904 | €49,507 | €48,536 | -€971 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,507 | €48,536 | -€971 | -2.0% |
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 10 October 2026 via checked.be.