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
- Tangible fixed assets -€26,762
down €26,762 (-17.5%), from €152,696 to €125,934
of which Furniture and vehicles: -€19,100
- Receivables within one year +€22,627
new in 2025: €22,627
- Debts after one year -€17,027
down €17,027 (-77.9%), from €21,854 to €4,828
- Other debts +€11,627
up €11,627 (+8.0%), from €146,015 to €157,642
- Current portion of long-term debt -€7,636
down €7,636 (-29.0%), from €26,360 to €18,724
- Tax, wage and social debts +€5,158
up €5,158 (+38.0%), from €13,591 to €18,748
of which Taxes: +€2,966
- Trade debts +€2,321
new in 2025: €2,321
- Gross operating margin +€16,962
up €16,962 (+13.4%), from €126,795 to €143,757
- Taxes +€5,173
up €5,173 (+25.9%), from €19,966 to €25,140
- Depreciation -€3,119
down €3,119 (-11.2%), from €27,724 to €24,606
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 | €226,370 | €220,813 | -€5,557 | -2.5% |
| Fixed assets | 21/28 | €152,696 | €125,934 | -€26,762 | -17.5% |
| Tangible fixed assets | 22/27 | €152,696 | €125,934 | -€26,762 | -17.5% |
| Land and buildings | 22 | €99,546 | €95,236 | -€4,310 | -4.3% |
| Plant, machinery and equipment | 23 | €842 | €507 | -€335 | -39.8% |
| Furniture and vehicles | 24 | €39,753 | €20,652 | -€19,100 | -48.0% |
| Other tangible fixed assets | 26 | €12,555 | €9,538 | -€3,017 | -24.0% |
| Current assets | 29/58 | €73,674 | €94,879 | +€21,205 | +28.8% |
| Amounts receivable within one year | 40/41 | - | €22,627 | +€22,627 | |
| Trade receivables | 40 | - | €22,627 | +€22,627 | |
| Cash at bank and in hand | 54/58 | €71,878 | €70,815 | -€1,063 | -1.5% |
| Deferred charges and accrued income | 490/1 | €1,796 | €1,436 | -€359 | -20.0% |
| Total equity and liabilities | 10/49 | €226,370 | €220,813 | -€5,557 | -2.5% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Amounts payable | 17/49 | €207,820 | €202,263 | -€5,557 | -2.7% |
| Amounts payable after more than one year | 17 | €21,854 | €4,828 | -€17,027 | -77.9% |
| Financial debts | 170/4 | €21,854 | €4,828 | -€17,027 | -77.9% |
| Amounts payable within one year | 42/48 | €185,966 | €197,435 | +€11,469 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €26,360 | €18,724 | -€7,636 | -29.0% |
| Trade debts | 44 | - | €2,321 | +€2,321 | |
| Suppliers | 440/4 | - | €2,321 | +€2,321 | |
| Taxes, remuneration and social security | 45 | €13,591 | €18,748 | +€5,158 | +38.0% |
| Taxes | 450/3 | €13,591 | €16,557 | +€2,966 | +21.8% |
| Remuneration and social security | 454/9 | - | €2,192 | +€2,192 | |
| Other amounts payable | 47/48 | €146,015 | €157,642 | +€11,627 | +8.0% |
| Non-recurring operating income | 76A | - | €323 | +€323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,724 | €24,606 | -€3,119 | -11.2% |
| Other operating charges | 640/8 | €2,175 | €1,866 | -€309 | -14.2% |
| Gross operating margin | 9900 | €126,795 | €143,757 | +€16,962 | +13.4% |
| Operating profit (loss) | 9901 | €96,895 | €117,285 | +€20,389 | +21.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,075 | €712 | -€363 | -33.7% |
| Recurring financial charges | 65 | €1,075 | €712 | -€363 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €95,820 | €116,572 | +€20,752 | +21.7% |
| Income taxes | 67/77 | €19,966 | €25,140 | +€5,173 | +25.9% |
| Profit (loss) for the period | 9904 | €75,854 | €91,433 | +€15,579 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,854 | €91,433 | +€15,579 | +20.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.