BRUNICO: 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.
What changed
BRUNICO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€276,109
2024 · -€417,293+€141,183
Equity
€1.4m
2024 · €1.7m-€276,109
Cash
€190,970
2024 · €61,417+€129,553
Balance sheet total
€6.8m
2024 · €7.3m-€532,139
Largest movements
Assets
- Tangible fixed assets -€783,725
down €783,725 (-11.5%), from €6.8m to €6.0m
of which Land and buildings: -€772,713
- Cash +€129,553
up €129,553 (+210.9%), from €61,417 to €190,970
mainly Depreciation (+€808,320) and Trade debts (+€64,905)
- Receivables within one year +€112,754
up €112,754 (+28.1%), from €401,479 to €514,233
of which Other amounts receivable: +€73,615
Equity and liabilities
- Revaluation surpluses -€590,000
down €590,000 (-27.2%), from €2.2m to €1.6m
- Reserves +€587,503
up €587,503 (+14.2%), from €4.1m to €4.7m
of which Non-distributable reserves: +€590,000
- Debts after one year -€304,226
down €304,226 (-6.2%), from €4.9m to €4.6m
- Profit (loss) carried forward -€273,612
down €273,612 (-5.9%), from -€4.7m to -€4.9m
Income statement
- Financial income +€84,940
up €84,940 (+11220.0%), from €757 to €85,697
of which Non-recurring financial income: +€79,914
- Depreciation -€71,296
down €71,296 (-8.1%), from €879,616 to €808,320
- Provisions +€24,229
new in 2025: €24,229
- Gross operating margin +€12,184
up €12,184 (+1.9%), from €647,727 to €659,911
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.
Result 2024
-€417,293
Gross operating margin
+€12,184
Depreciation
+€71,296
Provisions
-€24,229
Other operating charges
+€555
Other operating items
-€3,489
Financial income
+€84,940
Financial charges
+€2,500
Taxes
-€2,574
Result 2025
-€276,109
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.
From operations
+€424,652
Investment
-€24,595
Financing
-€270,504
Cash 2024
€61,417
From operations (derived)
+€424,652
Net result for the year
-€276,109
Depreciation
+€808,320
Receivables within one year
-€112,754
Deferred charges and accrued income
-€9,280
Provisions
+€23,397
Trade debts
+€64,905
Tax, wage and social debts
-€7,490
Other debts
-€63,467
Accrued charges and deferred income
-€2,869
Investment (derived)
-€24,595
Investment in fixed assets (net)
-€24,595
Financing
-€270,504
Debts after one year
-€304,226
Current portion of long-term debt
+€35,455
Short-term financial debts
-€1,733
Cash 2025
€190,970
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,300,682 | €6,768,543 | -€532,139 | -7.3% |
| Fixed assets | 21/28 | €6,826,472 | €6,042,746 | -€783,725 | -11.5% |
| Tangible fixed assets | 22/27 | €6,826,472 | €6,042,746 | -€783,725 | -11.5% |
| Land and buildings | 22 | €6,791,762 | €6,019,049 | -€772,713 | -11.4% |
| Plant, machinery and equipment | 23 | €1,556 | €2,166 | +€610 | +39.2% |
| Furniture and vehicles | 24 | €33,154 | €21,531 | -€11,622 | -35.1% |
| Current assets | 29/58 | €474,211 | €725,797 | +€251,586 | +53.1% |
| Amounts receivable within one year | 40/41 | €401,479 | €514,233 | +€112,754 | +28.1% |
| Trade receivables | 40 | €111,348 | €150,486 | +€39,138 | +35.1% |
| Other amounts receivable | 41 | €290,131 | €363,747 | +€73,615 | +25.4% |
| Cash at bank and in hand | 54/58 | €61,417 | €190,970 | +€129,553 | +210.9% |
| Deferred charges and accrued income | 490/1 | €11,315 | €20,594 | +€9,280 | +82.0% |
| Total equity and liabilities | 10/49 | €7,300,682 | €6,768,543 | -€532,139 | -7.3% |
| Equity | 10/15 | €1,723,163 | €1,447,054 | -€276,109 | -16.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €2,170,000 | €1,580,000 | -€590,000 | -27.2% |
| Reserves | 13 | €4,146,689 | €4,734,192 | +€587,503 | +14.2% |
| Non-distributable reserves | 130/1 | €4,136,200 | €4,726,200 | +€590,000 | +14.3% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,130,000 | €4,720,000 | +€590,000 | +14.3% |
| Tax-exempt reserves | 132 | €9,989 | €7,492 | -€2,497 | -25.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,655,026 | -€4,928,638 | -€273,612 | -5.9% |
| Provisions and deferred taxes | 16 | €3,330 | €26,726 | +€23,397 | +702.6% |
| Provisions for liabilities and charges | 160/5 | - | €24,229 | +€24,229 | |
| Other liabilities and charges | 164/5 | - | €24,229 | +€24,229 | |
| Deferred taxes | 168 | €3,330 | €2,497 | -€832 | -25.0% |
| Amounts payable | 17/49 | €5,574,190 | €5,294,763 | -€279,426 | -5.0% |
| Amounts payable after more than one year | 17 | €4,894,021 | €4,589,796 | -€304,226 | -6.2% |
| Financial debts | 170/4 | €4,894,021 | €4,589,796 | -€304,226 | -6.2% |
| Amounts payable within one year | 42/48 | €597,645 | €625,314 | +€27,669 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €336,477 | €371,932 | +€35,455 | +10.5% |
| Financial debts | 43 | €1,733 | €0 | -€1,733 | -100.0% |
| Credit institutions | 430/8 | €1,733 | €0 | -€1,733 | -100.0% |
| Trade debts | 44 | €13,180 | €78,085 | +€64,905 | +492.4% |
| Suppliers | 440/4 | €13,180 | €78,085 | +€64,905 | +492.4% |
| Taxes, remuneration and social security | 45 | €20,632 | €13,142 | -€7,490 | -36.3% |
| Taxes | 450/3 | €18,366 | €9,642 | -€8,725 | -47.5% |
| Remuneration and social security | 454/9 | €2,266 | €3,500 | +€1,234 | +54.5% |
| Other amounts payable | 47/48 | €225,622 | €162,155 | -€63,467 | -28.1% |
| Accrued charges and deferred income | 492/3 | €82,523 | €79,654 | -€2,869 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879,616 | €808,320 | -€71,296 | -8.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €24,229 | +€24,229 | |
| Other operating charges | 640/8 | €46,326 | €45,771 | -€555 | -1.2% |
| Non-recurring operating charges | 66A | - | €3,489 | +€3,489 | |
| Gross operating margin | 9900 | €647,727 | €659,911 | +€12,184 | +1.9% |
| Operating profit (loss) | 9901 | -€278,215 | -€221,898 | +€56,318 | +20.2% |
| Financial income | 75/76B | €757 | €85,697 | +€84,940 | +11220.0% |
| Recurring financial income | 75 | €757 | €5,783 | +€5,026 | +663.9% |
| Non-recurring financial income | 76B | - | €79,914 | +€79,914 | |
| Financial charges | 65/66B | €139,871 | €137,371 | -€2,500 | -1.8% |
| Recurring financial charges | 65 | €139,871 | €137,371 | -€2,500 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€417,329 | -€273,571 | +€143,758 | +34.4% |
| Transfer from deferred taxes | 780 | €832 | €832 | = | 0.0% |
| Income taxes | 67/77 | €796 | €3,370 | +€2,574 | +323.4% |
| Profit (loss) for the period | 9904 | -€417,293 | -€276,109 | +€141,183 | +33.8% |
| Transfer from tax-exempt reserves | 789 | €2,497 | €2,497 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€414,795 | -€273,612 | +€141,183 | +34.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.