BRUPHI: 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.
BRUPHI
Largest movements
- Tangible fixed assets -€181,450
down €181,450 (-26.7%), from €678,448 to €496,998
of which Land and buildings: -€188,047
- Current investments +€49,984
new in 2025: €49,984
- Cash +€27,561
up €27,561 (+41.6%), from €66,202 to €93,762
mainly Net result for the year (+€197,350) and Investment in fixed assets (net) (+€161,331)
- Receivables within one year -€20,672
down €20,672 (-55.0%), from €37,558 to €16,887
of which Other amounts receivable: -€12,796
- Debts after one year -€200,875
down €200,875 (-40.3%), from €498,935 to €298,059
- Reserves +€160,140
up €160,140 (+53.0%), from €302,000 to €462,140
of which Tax-exempt reserves: +€125,140
- Other debts -€135,963
down €135,963 (-79.7%), from €170,558 to €34,595
- Provisions +€41,713
new in 2025: €41,713
- Gross operating margin +€198,151
up €198,151 (+715%), from €27,718 to €225,869
- Financial income -€142,496
down €142,496 (-65.5%), from €217,500 to €75,004
- Taxes -€13,004
down €13,004 (-63.4%), from €20,500 to €7,496
- Financial charges +€8,767
up €8,767 (+58.7%), from €14,944 to €23,711
- Depreciation -€7,170
down €7,170 (-26.3%), from €27,289 to €20,119
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 | €1,085,242 | €958,948 | -€126,294 | -11.6% |
| Fixed assets | 21/28 | €975,198 | €793,748 | -€181,450 | -18.6% |
| Tangible fixed assets | 22/27 | €678,448 | €496,998 | -€181,450 | -26.7% |
| Land and buildings | 22 | €658,157 | €470,110 | -€188,047 | -28.6% |
| Plant, machinery and equipment | 23 | €3,963 | €2,675 | -€1,288 | -32.5% |
| Furniture and vehicles | 24 | €16,328 | €24,213 | +€7,885 | +48.3% |
| Financial fixed assets | 28 | €296,750 | €296,750 | = | 0.0% |
| Current assets | 29/58 | €110,044 | €165,200 | +€55,156 | +50.1% |
| Amounts receivable within one year | 40/41 | €37,558 | €16,887 | -€20,672 | -55.0% |
| Trade receivables | 40 | €7,875 | - | -€7,875 | |
| Other amounts receivable | 41 | €29,683 | €16,887 | -€12,796 | -43.1% |
| Current investments | 50/53 | - | €49,984 | +€49,984 | |
| Cash at bank and in hand | 54/58 | €66,202 | €93,762 | +€27,561 | +41.6% |
| Deferred charges and accrued income | 490/1 | €6,284 | €4,567 | -€1,717 | -27.3% |
| Total equity and liabilities | 10/49 | €1,085,242 | €958,948 | -€126,294 | -11.6% |
| Equity | 10/15 | €353,667 | €514,018 | +€160,350 | +45.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €302,000 | €462,140 | +€160,140 | +53.0% |
| Tax-exempt reserves | 132 | - | €125,140 | +€125,140 | |
| Distributable reserves | 133 | €302,000 | €337,000 | +€35,000 | +11.6% |
| Profit (loss) carried forward | 14 | €31,667 | €31,877 | +€210 | +0.7% |
| Provisions and deferred taxes | 16 | - | €41,713 | +€41,713 | |
| Deferred taxes | 168 | - | €41,713 | +€41,713 | |
| Amounts payable | 17/49 | €731,575 | €403,217 | -€328,358 | -44.9% |
| Amounts payable after more than one year | 17 | €498,935 | €298,059 | -€200,875 | -40.3% |
| Financial debts | 170/4 | €498,935 | €298,059 | -€200,875 | -40.3% |
| Amounts payable within one year | 42/48 | €231,075 | €102,894 | -€128,182 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €22,776 | €33,353 | +€10,577 | +46.4% |
| Trade debts | 44 | €6,659 | €6,741 | +€82 | +1.2% |
| Suppliers | 440/4 | €6,659 | €6,741 | +€82 | +1.2% |
| Taxes, remuneration and social security | 45 | €31,082 | €28,205 | -€2,877 | -9.3% |
| Taxes | 450/3 | €31,082 | €28,205 | -€2,877 | -9.3% |
| Other amounts payable | 47/48 | €170,558 | €34,595 | -€135,963 | -79.7% |
| Accrued charges and deferred income | 492/3 | €1,565 | €2,264 | +€699 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,289 | €20,119 | -€7,170 | -26.3% |
| Other operating charges | 640/8 | €13,367 | €10,483 | -€2,884 | -21.6% |
| Gross operating margin | 9900 | €27,718 | €225,869 | +€198,151 | +715% |
| Operating profit (loss) | 9901 | -€12,937 | €195,267 | +€208,205 | |
| Financial income | 75/76B | €217,500 | €75,004 | -€142,496 | -65.5% |
| Recurring financial income | 75 | €217,500 | €75,004 | -€142,496 | -65.5% |
| Financial charges | 65/66B | €14,944 | €23,711 | +€8,767 | +58.7% |
| Recurring financial charges | 65 | €14,944 | €23,711 | +€8,767 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €189,618 | €246,560 | +€56,942 | +30.0% |
| Transfer from deferred taxes | 780 | - | €2,633 | +€2,633 | |
| Transfer to deferred taxes | 680 | - | €44,347 | +€44,347 | |
| Income taxes | 67/77 | €20,500 | €7,496 | -€13,004 | -63.4% |
| Profit (loss) for the period | 9904 | €169,118 | €197,350 | +€28,232 | +16.7% |
| Transfer from tax-exempt reserves | 789 | - | €7,900 | +€7,900 | |
| Transfer to tax-exempt reserves | 689 | - | €133,040 | +€133,040 | |
| Profit (loss) for the period to be appropriated | 9905 | €169,118 | €72,210 | -€96,908 | -57.3% |
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 31 October 2026 via checked.be.