BRUO: 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.
BRUO
Largest movements
- Cash -€19,036
down €19,036 (-36.2%), from €52,619 to €33,583
mainly Contributions, distributions and other (-€15,000) and Other debts (-€14,986)
- Receivables within one year +€6,360
up €6,360 (+68.0%), from €9,353 to €15,713
of which Trade receivables: +€4,806
- Tangible fixed assets -€3,312
down €3,312 (-25.5%), from €12,995 to €9,683
- Profit (loss) carried forward -€14,991
down €14,991 (-42.4%), from €35,380 to €20,389
- Other debts -€14,986
down €14,986 (-98.3%), from €15,250 to €264
- Tax, wage and social debts +€11,888
up €11,888 (+1,096%), from €1,084 to €12,972
- Reserves +€3,600
up €3,600 (+194%), from €1,860 to €5,460
- Current portion of long-term debt -€1,582
no longer reported in 2026 (was €1,582)
- Taxes +€12,559
up €12,559 (+235%), from €5,339 to €17,898
- Gross operating margin +€2,225
up €2,225 (+9.1%), from €24,475 to €26,700
- Depreciation +€353
up €353 (+8.2%), from €4,321 to €4,675
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,236 | €60,338 | -€15,899 | -20.9% |
| Fixed assets | 21/28 | €12,995 | €9,683 | -€3,312 | -25.5% |
| Tangible fixed assets | 22/27 | €12,995 | €9,683 | -€3,312 | -25.5% |
| Plant, machinery and equipment | 23 | €6,747 | €5,166 | -€1,581 | -23.4% |
| Furniture and vehicles | 24 | €2,656 | €2,362 | -€294 | -11.1% |
| Other tangible fixed assets | 26 | €3,592 | €2,154 | -€1,437 | -40.0% |
| Current assets | 29/58 | €63,241 | €50,655 | -€12,587 | -19.9% |
| Amounts receivable within one year | 40/41 | €9,353 | €15,713 | +€6,360 | +68.0% |
| Trade receivables | 40 | €8,693 | €13,499 | +€4,806 | +55.3% |
| Other amounts receivable | 41 | €661 | €2,214 | +€1,554 | +235% |
| Cash at bank and in hand | 54/58 | €52,619 | €33,583 | -€19,036 | -36.2% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,359 | +€90 | +7.1% |
| Total equity and liabilities | 10/49 | €76,236 | €60,338 | -€15,899 | -20.9% |
| Equity | 10/15 | €55,840 | €44,449 | -€11,391 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €5,460 | +€3,600 | +194% |
| Distributable reserves | 133 | €1,860 | €5,460 | +€3,600 | +194% |
| Profit (loss) carried forward | 14 | €35,380 | €20,389 | -€14,991 | -42.4% |
| Amounts payable | 17/49 | €20,396 | €15,889 | -€4,508 | -22.1% |
| Amounts payable within one year | 42/48 | €20,396 | €15,889 | -€4,508 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €1,582 | - | -€1,582 | |
| Trade debts | 44 | €2,481 | €2,653 | +€172 | +6.9% |
| Suppliers | 440/4 | €2,481 | €2,653 | +€172 | +6.9% |
| Taxes, remuneration and social security | 45 | €1,084 | €12,972 | +€11,888 | +1,096% |
| Taxes | 450/3 | €1,084 | €12,972 | +€11,888 | +1,096% |
| Other amounts payable | 47/48 | €15,250 | €264 | -€14,986 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,321 | €4,675 | +€353 | +8.2% |
| Other operating charges | 640/8 | €542 | €462 | -€80 | -14.7% |
| Gross operating margin | 9900 | €24,475 | €26,700 | +€2,225 | +9.1% |
| Operating profit (loss) | 9901 | €19,612 | €21,564 | +€1,952 | +10.0% |
| Financial income | 75/76B | €414 | €268 | -€146 | -35.2% |
| Recurring financial income | 75 | €414 | €268 | -€146 | -35.2% |
| Financial charges | 65/66B | €391 | €324 | -€67 | -17.0% |
| Recurring financial charges | 65 | €391 | €324 | -€67 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €19,635 | €21,507 | +€1,872 | +9.5% |
| Income taxes | 67/77 | €5,339 | €17,898 | +€12,559 | +235% |
| Profit (loss) for the period | 9904 | €14,296 | €3,609 | -€10,687 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,296 | €3,609 | -€10,687 | -74.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.