BRUNIN Frères: 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 Frères
Largest movements
- Current investments +€201,374
up €201,374 (+80.3%), from €250,931 to €452,305
- Receivables within one year -€78,250
down €78,250 (-35.6%), from €219,958 to €141,709
of which Trade receivables: -€74,370
- Cash +€68,900
up €68,900 (+166%), from €41,486 to €110,386
mainly Net result for the year (+€171,012) and Receivables within one year (+€78,250)
- Tangible fixed assets -€46,856
down €46,856 (-18.1%), from €258,642 to €211,786
of which Plant, machinery and equipment: -€25,445
- Reserves +€170,000
up €170,000 (+70.2%), from €242,000 to €412,000
- Tax, wage and social debts +€39,240
up €39,240 (+133%), from €29,539 to €68,778
of which Taxes: +€38,522
- Debts after one year -€36,434
down €36,434 (-37.9%), from €96,165 to €59,731
- Trade debts -€25,488
down €25,488 (-39.5%), from €64,568 to €39,079
- Gross operating margin +€101,251
up €101,251 (+13.7%), from €738,670 to €839,921
- Taxes +€23,680
up €23,680 (+47.8%), from €49,522 to €73,202
- Staff costs +€18,915
up €18,915 (+3.8%), from €499,384 to €518,299
- Depreciation +€13,201
up €13,201 (+21.5%), from €61,455 to €74,656
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 | €811,585 | €958,323 | +€146,738 | +18.1% |
| Fixed assets | 21/28 | €258,767 | €211,911 | -€46,856 | -18.1% |
| Tangible fixed assets | 22/27 | €258,642 | €211,786 | -€46,856 | -18.1% |
| Plant, machinery and equipment | 23 | €177,412 | €151,967 | -€25,445 | -14.3% |
| Furniture and vehicles | 24 | €81,230 | €59,819 | -€21,411 | -26.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €552,818 | €746,413 | +€193,594 | +35.0% |
| Stocks and contracts in progress | 3 | €31,428 | €34,713 | +€3,285 | +10.5% |
| Stocks | 30/36 | €31,428 | €34,713 | +€3,285 | +10.5% |
| Amounts receivable within one year | 40/41 | €219,958 | €141,709 | -€78,250 | -35.6% |
| Trade receivables | 40 | €191,684 | €117,314 | -€74,370 | -38.8% |
| Other amounts receivable | 41 | €28,275 | €24,395 | -€3,880 | -13.7% |
| Current investments | 50/53 | €250,931 | €452,305 | +€201,374 | +80.3% |
| Cash at bank and in hand | 54/58 | €41,486 | €110,386 | +€68,900 | +166% |
| Deferred charges and accrued income | 490/1 | €9,015 | €7,300 | -€1,715 | -19.0% |
| Total equity and liabilities | 10/49 | €811,585 | €958,323 | +€146,738 | +18.1% |
| Equity | 10/15 | €482,871 | €653,883 | +€171,012 | +35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,000 | €412,000 | +€170,000 | +70.2% |
| Distributable reserves | 133 | €242,000 | €412,000 | +€170,000 | +70.2% |
| Profit (loss) carried forward | 14 | €222,271 | €223,283 | +€1,012 | +0.5% |
| Amounts payable | 17/49 | €328,714 | €304,440 | -€24,274 | -7.4% |
| Amounts payable after more than one year | 17 | €96,165 | €59,731 | -€36,434 | -37.9% |
| Financial debts | 170/4 | €96,165 | €59,731 | -€36,434 | -37.9% |
| Amounts payable within one year | 42/48 | €232,549 | €244,709 | +€12,160 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €38,016 | €36,434 | -€1,582 | -4.2% |
| Trade debts | 44 | €64,568 | €39,079 | -€25,488 | -39.5% |
| Suppliers | 440/4 | €64,568 | €39,079 | -€25,488 | -39.5% |
| Taxes, remuneration and social security | 45 | €29,539 | €68,778 | +€39,240 | +133% |
| Taxes | 450/3 | €29,163 | €67,685 | +€38,522 | +132% |
| Remuneration and social security | 454/9 | €376 | €1,093 | +€717 | +191% |
| Other amounts payable | 47/48 | €100,427 | €100,417 | -€10 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €499,384 | €518,299 | +€18,915 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,455 | €74,656 | +€13,201 | +21.5% |
| Other operating charges | 640/8 | €2,449 | €1,402 | -€1,047 | -42.8% |
| Gross operating margin | 9900 | €738,670 | €839,921 | +€101,251 | +13.7% |
| Operating profit (loss) | 9901 | €175,383 | €245,564 | +€70,182 | +40.0% |
| Financial income | 75/76B | €1,331 | €1,964 | +€633 | +47.6% |
| Recurring financial income | 75 | €1,331 | €1,964 | +€633 | +47.6% |
| Financial charges | 65/66B | €3,768 | €3,314 | -€454 | -12.1% |
| Recurring financial charges | 65 | €3,768 | €3,314 | -€454 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €172,945 | €244,214 | +€71,269 | +41.2% |
| Income taxes | 67/77 | €49,522 | €73,202 | +€23,680 | +47.8% |
| Profit (loss) for the period | 9904 | €123,423 | €171,012 | +€47,589 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,423 | €171,012 | +€47,589 | +38.6% |
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 14 October 2026 via checked.be.