BRUNIC: what changed
Two fiscal 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.
BRUNIC
Largest movements
- Stocks and contracts -€48,116
down €48,116 (-4.8%), from €992,411 to €944,295
- Receivables within one year -€41,693
down €41,693 (-63.9%), from €65,244 to €23,551
of which Other amounts receivable: -€41,719
- Profit (loss) carried forward -€197,627
down €197,627 (-46.3%), from -€426,717 to -€624,344
- Other debts +€149,661
up €149,661 (+63.3%), from €236,536 to €386,197
- Current portion of long-term debt -€25,291
down €25,291 (-33.8%), from €74,876 to €49,584
- Trade debts +€15,460
up €15,460 (+15.0%), from €102,826 to €118,286
- Debts after one year -€13,164
down €13,164 (-2.7%), from €486,915 to €473,751
- Gross operating margin -€259,447
down €259,447 (-67.9%), from €382,115 to €122,668
- Write-downs -€231,557
down €231,557 (-100.0%), from €231,557 to €0
- Depreciation -€20,730
down €20,730 (-90.6%), from €22,878 to €2,148
- Staff costs -€18,365
down €18,365 (-6.3%), from €290,255 to €271,890
- Financial charges -€10,254
down €10,254 (-23.3%), from €43,991 to €33,737
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 | €1,074,652 | €982,444 | -€92,209 | -8.6% |
| Fixed assets | 21/28 | €8,479 | €9,438 | +€958 | +11.3% |
| Intangible fixed assets | 21 | €383 | €159 | -€224 | -58.4% |
| Tangible fixed assets | 22/27 | €8,096 | €9,278 | +€1,182 | +14.6% |
| Land and buildings | 22 | €3,178 | €3,178 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,024 | €5,450 | +€1,427 | +35.5% |
| Furniture and vehicles | 24 | €97 | €0 | -€97 | -100.0% |
| Other tangible fixed assets | 26 | €798 | €650 | -€148 | -18.5% |
| Current assets | 29/58 | €1,066,173 | €973,006 | -€93,167 | -8.7% |
| Stocks and contracts in progress | 3 | €992,411 | €944,295 | -€48,116 | -4.8% |
| Stocks | 30/36 | €992,411 | €944,295 | -€48,116 | -4.8% |
| Amounts receivable within one year | 40/41 | €65,244 | €23,551 | -€41,693 | -63.9% |
| Trade receivables | 40 | €22,225 | €22,250 | +€25 | +0.1% |
| Other amounts receivable | 41 | €43,019 | €1,301 | -€41,719 | -97.0% |
| Cash at bank and in hand | 54/58 | €4,243 | €1,727 | -€2,516 | -59.3% |
| Deferred charges and accrued income | 490/1 | €4,276 | €3,433 | -€842 | -19.7% |
| Total equity and liabilities | 10/49 | €1,074,652 | €982,444 | -€92,209 | -8.6% |
| Equity | 10/15 | -€147,217 | -€344,844 | -€197,627 | -134.2% |
| Contributions | 10/11 | €254,091 | €254,091 | = | 0.0% |
| Capital | 10 | €254,091 | €254,091 | = | 0.0% |
| Issued capital | 100 | €254,091 | €254,091 | = | 0.0% |
| Reserves | 13 | €25,409 | €25,409 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,409 | €25,409 | = | 0.0% |
| Legal reserve | 130 | €25,409 | €25,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€426,717 | -€624,344 | -€197,627 | -46.3% |
| Amounts payable | 17/49 | €1,221,870 | €1,327,288 | +€105,418 | +8.6% |
| Amounts payable after more than one year | 17 | €486,915 | €473,751 | -€13,164 | -2.7% |
| Financial debts | 170/4 | €486,915 | €473,751 | -€13,164 | -2.7% |
| Amounts payable within one year | 42/48 | €728,888 | €852,467 | +€123,579 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €74,876 | €49,584 | -€25,291 | -33.8% |
| Financial debts | 43 | €187,410 | €185,000 | -€2,410 | -1.3% |
| Credit institutions | 430/8 | €187,410 | €185,000 | -€2,410 | -1.3% |
| Trade debts | 44 | €102,826 | €118,286 | +€15,460 | +15.0% |
| Suppliers | 440/4 | €102,826 | €118,286 | +€15,460 | +15.0% |
| Advances received on contracts in progress | 46 | €27,097 | €17,433 | -€9,664 | -35.7% |
| Taxes, remuneration and social security | 45 | €100,143 | €95,967 | -€4,176 | -4.2% |
| Taxes | 450/3 | €30,317 | €31,136 | +€818 | +2.7% |
| Remuneration and social security | 454/9 | €69,826 | €64,831 | -€4,994 | -7.2% |
| Other amounts payable | 47/48 | €236,536 | €386,197 | +€149,661 | +63.3% |
| Accrued charges and deferred income | 492/3 | €6,067 | €1,070 | -€4,997 | -82.4% |
| Remuneration, social security and pensions | 62 | €290,255 | €271,890 | -€18,365 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,878 | €2,148 | -€20,730 | -90.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €231,557 | €0 | -€231,557 | -100.0% |
| Other operating charges | 640/8 | €10,220 | €14,460 | +€4,240 | +41.5% |
| Gross operating margin | 9900 | €382,115 | €122,668 | -€259,447 | -67.9% |
| Operating profit (loss) | 9901 | -€172,795 | -€165,830 | +€6,965 | +4.0% |
| Financial income | 75/76B | €3,246 | €1,940 | -€1,306 | -40.2% |
| Recurring financial income | 75 | €3,246 | €1,940 | -€1,306 | -40.2% |
| Financial charges | 65/66B | €43,991 | €33,737 | -€10,254 | -23.3% |
| Recurring financial charges | 65 | €43,991 | €33,737 | -€10,254 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€213,540 | -€197,627 | +€15,913 | +7.5% |
| Profit (loss) for the period | 9904 | -€213,540 | -€197,627 | +€15,913 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€213,540 | -€197,627 | +€15,913 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.