BRUNFAUT: 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.
BRUNFAUT
Largest movements
- Cash -€13,418
down €13,418 (-27.4%), from €48,930 to €35,512
mainly Trade debts (-€65,480) and Other debts (-€42,896)
- Receivables within one year -€13,144
down €13,144 (-5.1%), from €257,300 to €244,156
of which Trade receivables: -€23,144
- Tangible fixed assets -€7,883
down €7,883 (-30.1%), from €26,185 to €18,302
of which Plant, machinery and equipment: -€6,970
- Trade debts -€65,480
no longer reported in 2025 (was €65,480)
- Reserves +€44,000
up €44,000 (+37.9%), from €115,978 to €159,978
of which Distributable reserves: +€44,000
- Other debts -€42,896
down €42,896 (-90.5%), from €47,390 to €4,494
- Tax, wage and social debts +€31,423
up €31,423 (+329.0%), from €9,550 to €40,973
- Gross operating margin +€23,713
up €23,713 (+36.3%), from €65,385 to €89,098
- Taxes +€12,969
up €12,969 (+134.0%), from €9,678 to €22,647
- Financial charges +€6,104
up €6,104 (+165.8%), from €3,681 to €9,785
- Write-downs +€1,693
new in 2025: €1,693
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 | €337,415 | €304,511 | -€32,904 | -9.8% |
| Fixed assets | 21/28 | €26,185 | €18,302 | -€7,883 | -30.1% |
| Tangible fixed assets | 22/27 | €26,185 | €18,302 | -€7,883 | -30.1% |
| Plant, machinery and equipment | 23 | €22,264 | €15,294 | -€6,970 | -31.3% |
| Furniture and vehicles | 24 | €3,921 | €3,008 | -€913 | -23.3% |
| Current assets | 29/58 | €311,230 | €286,209 | -€25,021 | -8.0% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €257,300 | €244,156 | -€13,144 | -5.1% |
| Trade receivables | 40 | €257,300 | €234,156 | -€23,144 | -9.0% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €48,930 | €35,512 | -€13,418 | -27.4% |
| Deferred charges and accrued income | 490/1 | - | €1,541 | +€1,541 | |
| Total equity and liabilities | 10/49 | €337,415 | €304,511 | -€32,904 | -9.8% |
| Equity | 10/15 | €140,330 | €184,619 | +€44,289 | +31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,978 | €159,978 | +€44,000 | +37.9% |
| 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 | €114,118 | €158,118 | +€44,000 | +38.6% |
| Profit (loss) carried forward | 14 | €5,752 | €6,041 | +€289 | +5.0% |
| Amounts payable | 17/49 | €197,085 | €119,892 | -€77,193 | -39.2% |
| Amounts payable after more than one year | 17 | €25,200 | €25,000 | -€200 | -0.8% |
| Financial debts | 170/4 | €25,200 | €25,000 | -€200 | -0.8% |
| Amounts payable within one year | 42/48 | €158,085 | €80,692 | -€77,393 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €35,665 | €35,225 | -€440 | -1.2% |
| Trade debts | 44 | €65,480 | - | -€65,480 | |
| Suppliers | 440/4 | €65,480 | - | -€65,480 | |
| Taxes, remuneration and social security | 45 | €9,550 | €40,973 | +€31,423 | +329.0% |
| Taxes | 450/3 | €9,550 | €40,973 | +€31,423 | +329.0% |
| Other amounts payable | 47/48 | €47,390 | €4,494 | -€42,896 | -90.5% |
| Accrued charges and deferred income | 492/3 | €13,800 | €14,200 | +€400 | +2.9% |
| Remuneration, social security and pensions | 62 | €392 | €196 | -€196 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,244 | €7,883 | +€639 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,693 | +€1,693 | |
| Other operating charges | 640/8 | €2,457 | €2,884 | +€427 | +17.4% |
| Gross operating margin | 9900 | €65,385 | €89,098 | +€23,713 | +36.3% |
| Operating profit (loss) | 9901 | €55,292 | €76,442 | +€21,150 | +38.3% |
| Financial income | 75/76B | - | €279 | +€279 | |
| Recurring financial income | 75 | - | €279 | +€279 | |
| Financial charges | 65/66B | €3,681 | €9,785 | +€6,104 | +165.8% |
| Recurring financial charges | 65 | €3,681 | €9,785 | +€6,104 | +165.8% |
| Profit (loss) for the period before taxes | 9903 | €51,611 | €66,936 | +€15,325 | +29.7% |
| Income taxes | 67/77 | €9,678 | €22,647 | +€12,969 | +134.0% |
| Profit (loss) for the period | 9904 | €41,933 | €44,289 | +€2,356 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,933 | €44,289 | +€2,356 | +5.6% |
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 12 October 2026 via checked.be.