Bruno Management: 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.
Bruno Management
Largest movements
- Receivables within one year +€79,528
up €79,528 (+83.6%), from €95,154 to €174,682
of which Trade receivables: +€76,969
- Cash +€52,285
up €52,285 (+410.8%), from €12,727 to €65,012
mainly Trade debts (+€138,365) and Net result for the year (+€76,209)
- Tangible fixed assets -€4,706
down €4,706 (-100.0%), from €4,706 to €0
of which Furniture and vehicles: -€4,706
- Trade debts +€138,365
up €138,365 (+3290.6%), from €4,205 to €142,570
- Tax, wage and social debts -€79,502
down €79,502 (-77.2%), from €102,917 to €23,416
of which Taxes: -€70,987
- Profit (loss) carried forward +€50,501
up €50,501, from -€50,501 to €0
- Reserves +€25,708
new in 2025: €25,708
- Other debts -€7,977
down €7,977 (-100.0%), from €7,977 to €0
- Gross operating margin -€174,511
down €174,511 (-64.0%), from €272,829 to €98,318
- Staff costs -€167,838
down €167,838 (-99.7%), from €168,330 to €492
- Other operating charges -€24,217
down €24,217 (-96.6%), from €25,062 to €846
- Taxes +€19,959
new in 2025: €19,959
- Write-downs +€8,582
up €8,582, from -€8,582 to €0
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 | €112,598 | €239,694 | +€127,096 | +112.9% |
| Fixed assets | 21/28 | €4,706 | €0 | -€4,706 | -100.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,706 | €0 | -€4,706 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,706 | €0 | -€4,706 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €107,893 | €239,694 | +€131,801 | +122.2% |
| Amounts receivable within one year | 40/41 | €95,154 | €174,682 | +€79,528 | +83.6% |
| Trade receivables | 40 | €95,154 | €172,123 | +€76,969 | +80.9% |
| Other amounts receivable | 41 | €0 | €2,559 | +€2,559 | |
| Cash at bank and in hand | 54/58 | €12,727 | €65,012 | +€52,285 | +410.8% |
| Deferred charges and accrued income | 490/1 | €12 | €0 | -€12 | -100.0% |
| Total equity and liabilities | 10/49 | €112,598 | €239,694 | +€127,096 | +112.9% |
| Equity | 10/15 | -€2,501 | €73,708 | +€76,209 | |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Reserves | 13 | - | €25,708 | +€25,708 | |
| Distributable reserves | 133 | - | €25,708 | +€25,708 | |
| Profit (loss) carried forward | 14 | -€50,501 | €0 | +€50,501 | |
| Amounts payable | 17/49 | €115,099 | €165,986 | +€50,886 | +44.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €115,099 | €165,986 | +€50,886 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,205 | €142,570 | +€138,365 | +3290.6% |
| Suppliers | 440/4 | €4,205 | €142,570 | +€138,365 | +3290.6% |
| Taxes, remuneration and social security | 45 | €102,917 | €23,416 | -€79,502 | -77.2% |
| Taxes | 450/3 | €94,402 | €23,416 | -€70,987 | -75.2% |
| Remuneration and social security | 454/9 | €8,515 | €0 | -€8,515 | -100.0% |
| Other amounts payable | 47/48 | €7,977 | €0 | -€7,977 | -100.0% |
| Non-recurring operating income | 76A | - | €1,361 | +€1,361 | |
| Remuneration, social security and pensions | 62 | €168,330 | €492 | -€167,838 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,319 | €0 | -€3,319 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,582 | €0 | +€8,582 | |
| Other operating charges | 640/8 | €25,062 | €846 | -€24,217 | -96.6% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €272,829 | €98,318 | -€174,511 | -64.0% |
| Operating profit (loss) | 9901 | €84,700 | €96,980 | +€12,280 | +14.5% |
| Financial income | 75/76B | €547 | €76 | -€471 | -86.1% |
| Recurring financial income | 75 | €547 | €76 | -€471 | -86.1% |
| Financial charges | 65/66B | €6,629 | €888 | -€5,741 | -86.6% |
| Recurring financial charges | 65 | €6,629 | €888 | -€5,741 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €78,618 | €96,169 | +€17,551 | +22.3% |
| Income taxes | 67/77 | - | €19,959 | +€19,959 | |
| Profit (loss) for the period | 9904 | €78,618 | €76,209 | -€2,409 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,618 | €76,209 | -€2,409 | -3.1% |
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 10 October 2026 via checked.be.