BRUNO: 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.
BRUNO
Largest movements
- Receivables within one year -€155,584
down €155,584 (-77.0%), from €201,928 to €46,343
of which Other amounts receivable: -€95,690
- Tangible fixed assets -€30,082
down €30,082 (-5.3%), from €564,748 to €534,666
of which Land and buildings: -€17,221
- Cash +€14,423
up €14,423 (+7.7%), from €187,991 to €202,413
mainly Receivables within one year (+€155,584) and Depreciation (+€18,887)
- Trade debts -€133,317
down €133,317 (-71.2%), from €187,238 to €53,921
- Profit (loss) carried forward -€48,562
down €48,562 (-71.7%), from -€67,698 to -€116,260
- Debts after one year -€17,224
down €17,224 (-2.7%), from €639,214 to €621,990
- Short-term financial debts +€17,010
up €17,010 (+92.0%), from €18,496 to €35,506
- Gross operating margin -€37,395
down €37,395 (-42.8%), from €87,474 to €50,079
- Financial charges +€11,893
up €11,893 (+43.1%), from €27,597 to €39,490
- Staff costs -€11,619
down €11,619 (-27.5%), from €42,200 to €30,581
- Other operating charges +€8,751
up €8,751 (+195.1%), from €4,484 to €13,235
- Write-downs -€7,078
down €7,078 (-94.0%), from €7,530 to €452
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €960,343 | €788,496 | -€171,847 | -17.9% |
| Fixed assets | 21/28 | €566,362 | €535,336 | -€31,026 | -5.5% |
| Intangible fixed assets | 21 | €600 | €120 | -€480 | -80.0% |
| Tangible fixed assets | 22/27 | €564,748 | €534,666 | -€30,082 | -5.3% |
| Land and buildings | 22 | €549,821 | €532,600 | -€17,221 | -3.1% |
| Plant, machinery and equipment | 23 | €12,214 | €258 | -€11,956 | -97.9% |
| Furniture and vehicles | 24 | €2,713 | €1,808 | -€904 | -33.3% |
| Financial fixed assets | 28 | €1,014 | €550 | -€464 | -45.8% |
| Current assets | 29/58 | €393,981 | €253,160 | -€140,821 | -35.7% |
| Stocks and contracts in progress | 3 | €3,865 | - | -€3,865 | |
| Stocks | 30/36 | €3,865 | - | -€3,865 | |
| Amounts receivable within one year | 40/41 | €201,928 | €46,343 | -€155,584 | -77.0% |
| Trade receivables | 40 | €88,405 | €28,510 | -€59,894 | -67.8% |
| Other amounts receivable | 41 | €113,523 | €17,833 | -€95,690 | -84.3% |
| Current investments | 50/53 | €198 | €194 | -€4 | -2.1% |
| Cash at bank and in hand | 54/58 | €187,991 | €202,413 | +€14,423 | +7.7% |
| Deferred charges and accrued income | 490/1 | - | €4,210 | +€4,210 | |
| Total equity and liabilities | 10/49 | €960,343 | €788,496 | -€171,847 | -17.9% |
| Equity | 10/15 | €64,302 | €15,740 | -€48,562 | -75.5% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Outside capital | 11 | - | €120,000 | +€120,000 | |
| Other | 1109/19 | - | €120,000 | +€120,000 | |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,698 | -€116,260 | -€48,562 | -71.7% |
| Amounts payable | 17/49 | €896,041 | €772,756 | -€123,285 | -13.8% |
| Amounts payable after more than one year | 17 | €639,214 | €621,990 | -€17,224 | -2.7% |
| Financial debts | 170/4 | €639,214 | €621,990 | -€17,224 | -2.7% |
| Amounts payable within one year | 42/48 | €256,827 | €148,642 | -€108,185 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €23,379 | €29,084 | +€5,706 | +24.4% |
| Financial debts | 43 | €18,496 | €35,506 | +€17,010 | +92.0% |
| Credit institutions | 430/8 | €18,496 | €35,506 | +€17,010 | +92.0% |
| Trade debts | 44 | €187,238 | €53,921 | -€133,317 | -71.2% |
| Suppliers | 440/4 | €187,238 | €53,921 | -€133,317 | -71.2% |
| Advances received on contracts in progress | 46 | €4,770 | - | -€4,770 | |
| Taxes, remuneration and social security | 45 | €22,944 | €30,131 | +€7,187 | +31.3% |
| Taxes | 450/3 | €11,849 | €18,991 | +€7,142 | +60.3% |
| Remuneration and social security | 454/9 | €11,095 | €11,140 | +€45 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €2,124 | +€2,124 | |
| Remuneration, social security and pensions | 62 | €42,200 | €30,581 | -€11,619 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,512 | €18,887 | -€4,626 | -19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,530 | €452 | -€7,078 | -94.0% |
| Other operating charges | 640/8 | €4,484 | €13,235 | +€8,751 | +195.1% |
| Gross operating margin | 9900 | €87,474 | €50,079 | -€37,395 | -42.8% |
| Operating profit (loss) | 9901 | €9,748 | -€13,076 | -€22,824 | |
| Financial income | 75/76B | €8,542 | €4,003 | -€4,539 | -53.1% |
| Recurring financial income | 75 | €8,542 | €4,003 | -€4,539 | -53.1% |
| Financial charges | 65/66B | €27,597 | €39,490 | +€11,893 | +43.1% |
| Recurring financial charges | 65 | €27,597 | €39,490 | +€11,893 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,307 | -€48,562 | -€39,255 | -421.8% |
| Profit (loss) for the period | 9904 | -€9,307 | -€48,562 | -€39,255 | -421.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,307 | -€48,562 | -€39,255 | -421.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.