BRUNIN: 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.
BRUNIN
Largest movements
- Tangible fixed assets -€12,991
down €12,991 (-22.2%), from €58,422 to €45,430
of which Other tangible fixed assets: -€12,322
- Receivables within one year -€9,854
down €9,854 (-47.3%), from €20,850 to €10,996
of which Trade receivables: -€14,926
- Cash +€7,798
up €7,798 (+6.0%), from €130,685 to €138,483
mainly Depreciation (+€13,396) and Receivables within one year (+€9,854)
- Stocks and contracts +€6,265
up €6,265 (+3.0%), from €207,056 to €213,321
- Debts after one year -€10,238
down €10,238 (-26.8%), from €38,208 to €27,970
- Trade debts +€8,057
up €8,057 (+27.8%), from €28,943 to €37,000
- Tax, wage and social debts -€7,175
down €7,175 (-35.4%), from €20,254 to €13,079
of which Taxes: -€10,588
- Gross operating margin -€27,882
down €27,882 (-23.2%), from €120,140 to €92,257
- Staff costs +€8,853
up €8,853 (+13.2%), from €67,093 to €75,947
- Taxes -€6,840
down €6,840 (-68.0%), from €10,058 to €3,218
- Other operating charges -€1,249
down €1,249 (-53.5%), from €2,334 to €1,085
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 | €418,966 | €409,827 | -€9,139 | -2.2% |
| Fixed assets | 21/28 | €58,471 | €45,480 | -€12,991 | -22.2% |
| Tangible fixed assets | 22/27 | €58,422 | €45,430 | -€12,991 | -22.2% |
| Furniture and vehicles | 24 | €1,647 | €978 | -€669 | -40.6% |
| Other tangible fixed assets | 26 | €56,775 | €44,452 | -€12,322 | -21.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €360,495 | €364,347 | +€3,852 | +1.1% |
| Stocks and contracts in progress | 3 | €207,056 | €213,321 | +€6,265 | +3.0% |
| Stocks | 30/36 | €207,056 | €213,321 | +€6,265 | +3.0% |
| Amounts receivable within one year | 40/41 | €20,850 | €10,996 | -€9,854 | -47.3% |
| Trade receivables | 40 | €20,706 | €5,780 | -€14,926 | -72.1% |
| Other amounts receivable | 41 | €144 | €5,216 | +€5,072 | +3,511% |
| Cash at bank and in hand | 54/58 | €130,685 | €138,483 | +€7,798 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,904 | €1,547 | -€357 | -18.8% |
| Total equity and liabilities | 10/49 | €418,966 | €409,827 | -€9,139 | -2.2% |
| Equity | 10/15 | €288,978 | €289,822 | +€843 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €243,813 | €243,813 | = | 0.0% |
| 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 | €241,953 | €241,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,965 | €39,808 | +€843 | +2.2% |
| Amounts payable | 17/49 | €129,988 | €120,005 | -€9,982 | -7.7% |
| Amounts payable after more than one year | 17 | €38,208 | €27,970 | -€10,238 | -26.8% |
| Financial debts | 170/4 | €38,208 | €27,970 | -€10,238 | -26.8% |
| Amounts payable within one year | 42/48 | €90,124 | €90,424 | +€300 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €34,892 | €35,027 | +€136 | +0.4% |
| Trade debts | 44 | €28,943 | €37,000 | +€8,057 | +27.8% |
| Suppliers | 440/4 | €28,943 | €37,000 | +€8,057 | +27.8% |
| Taxes, remuneration and social security | 45 | €20,254 | €13,079 | -€7,175 | -35.4% |
| Taxes | 450/3 | €12,115 | €1,527 | -€10,588 | -87.4% |
| Remuneration and social security | 454/9 | €8,139 | €11,552 | +€3,413 | +41.9% |
| Other amounts payable | 47/48 | €6,035 | €5,317 | -€718 | -11.9% |
| Accrued charges and deferred income | 492/3 | €1,655 | €1,611 | -€44 | -2.7% |
| Remuneration, social security and pensions | 62 | €67,093 | €75,947 | +€8,853 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,934 | €13,396 | -€538 | -3.9% |
| Other operating charges | 640/8 | €2,334 | €1,085 | -€1,249 | -53.5% |
| Non-recurring operating charges | 66A | €579 | €316 | -€264 | -45.5% |
| Gross operating margin | 9900 | €120,140 | €92,257 | -€27,882 | -23.2% |
| Operating profit (loss) | 9901 | €36,200 | €1,514 | -€34,686 | -95.8% |
| Financial income | 75/76B | €7,082 | €5,988 | -€1,094 | -15.4% |
| Recurring financial income | 75 | €7,082 | €5,988 | -€1,094 | -15.4% |
| Financial charges | 65/66B | €4,157 | €3,440 | -€716 | -17.2% |
| Recurring financial charges | 65 | €4,157 | €3,440 | -€716 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €39,125 | €4,061 | -€35,063 | -89.6% |
| Income taxes | 67/77 | €10,058 | €3,218 | -€6,840 | -68.0% |
| Profit (loss) for the period | 9904 | €29,067 | €843 | -€28,223 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,067 | €843 | -€28,223 | -97.1% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.