BRUNODEP': 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.
BRUNODEP'
Largest movements
- Receivables within one year -€222,236
down €222,236 (-49.9%), from €444,959 to €222,723
of which Trade receivables: -€134,407
- Cash +€95,361
up €95,361 (+75.8%), from €125,822 to €221,183
mainly Net result for the year (+€300,784) and Receivables within one year (+€222,236)
- Tangible fixed assets -€53,878
down €53,878 (-13.5%), from €399,938 to €346,060
of which Furniture and vehicles: -€39,820
- Stocks and contracts -€51,413
down €51,413 (-23.8%), from €215,944 to €164,532
- Intangible fixed assets -€35,000
down €35,000 (-25.0%), from €140,000 to €105,000
- Other debts -€354,251
down €354,251 (-78.0%), from €454,251 to €100,000
- Reserves +€200,784
up €200,784 (+42.6%), from €471,725 to €672,508
- Debts after one year -€41,227
down €41,227 (-24.2%), from €170,460 to €129,232
- Current portion of long-term debt -€24,521
down €24,521 (-17.4%), from €140,748 to €116,227
- Tax, wage and social debts -€18,654
down €18,654 (-26.8%), from €69,684 to €51,030
of which Taxes: -€15,290
- Gross operating margin -€245,246
down €245,246 (-28.3%), from €865,731 to €620,485
- Taxes -€44,287
down €44,287 (-28.4%), from €155,729 to €111,442
- Staff costs -€22,813
down €22,813 (-20.7%), from €110,229 to €87,416
- Financial charges -€8,766
down €8,766 (-49.2%), from €17,817 to €9,051
of which Financial charges: -€9,309
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 | €1,358,251 | €1,103,348 | -€254,904 | -18.8% |
| Fixed assets | 21/28 | €541,733 | €452,855 | -€88,878 | -16.4% |
| Intangible fixed assets | 21 | €140,000 | €105,000 | -€35,000 | -25.0% |
| Tangible fixed assets | 22/27 | €399,938 | €346,060 | -€53,878 | -13.5% |
| Land and buildings | 22 | €140,797 | €137,432 | -€3,365 | -2.4% |
| Plant, machinery and equipment | 23 | €34,661 | €33,383 | -€1,278 | -3.7% |
| Furniture and vehicles | 24 | €125,304 | €85,485 | -€39,820 | -31.8% |
| Other tangible fixed assets | 26 | €99,175 | €89,761 | -€9,415 | -9.5% |
| Financial fixed assets | 28 | €1,795 | €1,795 | = | 0.0% |
| Current assets | 29/58 | €816,519 | €650,493 | -€166,026 | -20.3% |
| Stocks and contracts in progress | 3 | €215,944 | €164,532 | -€51,413 | -23.8% |
| Stocks | 30/36 | €215,944 | €164,532 | -€51,413 | -23.8% |
| Amounts receivable within one year | 40/41 | €444,959 | €222,723 | -€222,236 | -49.9% |
| Trade receivables | 40 | €316,090 | €181,683 | -€134,407 | -42.5% |
| Other amounts receivable | 41 | €128,869 | €41,040 | -€87,829 | -68.2% |
| Current investments | 50/53 | €24,000 | €36,179 | +€12,179 | +50.7% |
| Cash at bank and in hand | 54/58 | €125,822 | €221,183 | +€95,361 | +75.8% |
| Deferred charges and accrued income | 490/1 | €5,794 | €5,876 | +€82 | +1.4% |
| Total equity and liabilities | 10/49 | €1,358,251 | €1,103,348 | -€254,904 | -18.8% |
| Equity | 10/15 | €473,641 | €674,425 | +€200,784 | +42.4% |
| Contributions | 10/11 | €1,916 | €1,916 | = | 0.0% |
| Reserves | 13 | €471,725 | €672,508 | +€200,784 | +42.6% |
| Distributable reserves | 133 | €471,725 | €672,508 | +€200,784 | +42.6% |
| Amounts payable | 17/49 | €884,610 | €428,923 | -€455,687 | -51.5% |
| Amounts payable after more than one year | 17 | €170,460 | €129,232 | -€41,227 | -24.2% |
| Financial debts | 170/4 | €170,460 | €129,232 | -€41,227 | -24.2% |
| Amounts payable within one year | 42/48 | €714,151 | €299,691 | -€414,460 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €140,748 | €116,227 | -€24,521 | -17.4% |
| Trade debts | 44 | €49,468 | €32,433 | -€17,034 | -34.4% |
| Suppliers | 440/4 | €49,468 | €32,433 | -€17,034 | -34.4% |
| Taxes, remuneration and social security | 45 | €69,684 | €51,030 | -€18,654 | -26.8% |
| Taxes | 450/3 | €56,143 | €40,853 | -€15,290 | -27.2% |
| Remuneration and social security | 454/9 | €13,541 | €10,177 | -€3,363 | -24.8% |
| Other amounts payable | 47/48 | €454,251 | €100,000 | -€354,251 | -78.0% |
| Non-recurring operating income | 76A | €7,667 | - | -€7,667 | |
| Remuneration, social security and pensions | 62 | €110,229 | €87,416 | -€22,813 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,630 | €111,947 | +€5,317 | +5.0% |
| Other operating charges | 640/8 | €3,121 | €1,660 | -€1,461 | -46.8% |
| Gross operating margin | 9900 | €865,731 | €620,485 | -€245,246 | -28.3% |
| Operating profit (loss) | 9901 | €645,750 | €419,461 | -€226,289 | -35.0% |
| Financial income | 75/76B | €2,512 | €1,815 | -€697 | -27.8% |
| Recurring financial income | 75 | €2,512 | €1,815 | -€697 | -27.8% |
| Financial charges | 65/66B | €17,817 | €9,051 | -€8,766 | -49.2% |
| Recurring financial charges | 65 | €17,817 | €8,508 | -€9,309 | -52.2% |
| Non-recurring financial charges | 66B | - | €543 | +€543 | |
| Profit (loss) for the period before taxes | 9903 | €630,446 | €412,225 | -€218,221 | -34.6% |
| Income taxes | 67/77 | €155,729 | €111,442 | -€44,287 | -28.4% |
| Profit (loss) for the period | 9904 | €474,717 | €300,784 | -€173,934 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €474,717 | €300,784 | -€173,934 | -36.6% |
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 16 October 2026 via checked.be.