BRUPHIL'S: 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.
What changed
BRUPHIL'S
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€41,213
31-12-2024 · -€15,389-€25,823
Equity
€1.7m
31-12-2024 · €1.8m-€41,213
Cash
€109,636
31-12-2024 · €93,525+€16,111
Balance sheet total
€2.6m
31-12-2024 · €2.7m-€49,432
Largest movements
Assets
- Receivables after one year -€1.2m
no longer reported in 2025 (was €1.2m)
- Receivables within one year +€1.1m
new in 2025: €1.1m
Equity and liabilities
- Short-term financial debts +€125,000
up €125,000 (+100%), from €125,000 to €250,000
- Debts after one year -€98,565
down €98,565 (-16.8%), from €587,771 to €489,206
- Profit (loss) carried forward -€41,213
down €41,213 (-8.4%), from €489,192 to €447,979
Income statement
- Write-downs +€119,992
new in 2025: €119,992
- Gross operating margin +€62,471
up €62,471 (+48.1%), from €129,749 to €192,221
- Financial charges -€39,413
down €39,413 (-68.3%), from €57,712 to €18,299
- Depreciation -€13,501
down €13,501 (-14.5%), from €92,917 to €79,416
- Financial income -€11,476
down €11,476 (-34.2%), from €33,557 to €22,081
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€15,389
Gross operating margin
+€62,471
Depreciation
+€13,501
Write-downs
-€119,992
Other operating charges
-€7,558
Financial income
-€11,476
Financial charges
+€39,413
Taxes
-€2,184
Result 31-12-2025
-€41,213
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€51,900
Investment
-€64,792
Financing
+€29,004
Cash 31-12-2024
€93,525
From operations (derived)
+€51,900
Net result for the year
-€41,213
Depreciation
+€79,416
Receivables after one year
+€1.2m
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€2,633
Trade debts
-€13,223
Tax, wage and social debts
-€17,619
Other debts
-€6,381
Investment (derived)
-€64,792
Investment in fixed assets (net)
-€64,792
Financing
+€29,004
Debts after one year
-€98,565
Current portion of long-term debt
+€2,569
Short-term financial debts
+€125,000
Cash 31-12-2025
€109,636
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,678,804 | €2,629,371 | -€49,432 | -1.8% |
| Fixed assets | 21/28 | €1,389,463 | €1,374,840 | -€14,623 | -1.1% |
| Tangible fixed assets | 22/27 | €1,389,463 | €1,374,840 | -€14,623 | -1.1% |
| Land and buildings | 22 | €1,017,586 | €1,078,632 | +€61,046 | +6.0% |
| Plant, machinery and equipment | 23 | €369,134 | €295,377 | -€73,757 | -20.0% |
| Furniture and vehicles | 24 | €2,743 | €831 | -€1,912 | -69.7% |
| Current assets | 29/58 | €1,289,341 | €1,254,531 | -€34,809 | -2.7% |
| Amounts receivable after more than one year | 29 | €1,195,214 | - | -€1.2m | |
| Other amounts receivable | 291 | €1,195,214 | - | -€1.2m | |
| Amounts receivable within one year | 40/41 | - | €1,141,661 | +€1.1m | |
| Other amounts receivable | 41 | - | €1,141,661 | +€1.1m | |
| Cash at bank and in hand | 54/58 | €93,525 | €109,636 | +€16,111 | +17.2% |
| Deferred charges and accrued income | 490/1 | €602 | €3,234 | +€2,633 | +438% |
| Total equity and liabilities | 10/49 | €2,678,804 | €2,629,371 | -€49,432 | -1.8% |
| Equity | 10/15 | €1,786,205 | €1,744,992 | -€41,213 | -2.3% |
| Contributions | 10/11 | €154,258 | €154,258 | = | 0.0% |
| Capital | 10 | €154,258 | €154,258 | = | 0.0% |
| Issued capital | 100 | €154,258 | €154,258 | = | 0.0% |
| Revaluation surpluses | 12 | €970,000 | €970,000 | = | 0.0% |
| Reserves | 13 | €172,755 | €172,755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,019 | €24,019 | = | 0.0% |
| Legal reserve | 130 | €21,071 | €21,071 | = | 0.0% |
| Other | 1319 | €2,948 | €2,948 | = | 0.0% |
| Distributable reserves | 133 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | €489,192 | €447,979 | -€41,213 | -8.4% |
| Amounts payable | 17/49 | €892,599 | €884,379 | -€8,220 | -0.9% |
| Amounts payable after more than one year | 17 | €587,771 | €489,206 | -€98,565 | -16.8% |
| Financial debts | 170/4 | €587,771 | €489,206 | -€98,565 | -16.8% |
| Amounts payable within one year | 42/48 | €304,828 | €395,173 | +€90,346 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €95,996 | €98,565 | +€2,569 | +2.7% |
| Financial debts | 43 | €125,000 | €250,000 | +€125,000 | +100% |
| Credit institutions | 430/8 | €125,000 | €250,000 | +€125,000 | +100% |
| Trade debts | 44 | €51,869 | €38,645 | -€13,223 | -25.5% |
| Suppliers | 440/4 | €51,869 | €38,645 | -€13,223 | -25.5% |
| Taxes, remuneration and social security | 45 | €25,458 | €7,839 | -€17,619 | -69.2% |
| Taxes | 450/3 | €25,458 | €7,839 | -€17,619 | -69.2% |
| Other amounts payable | 47/48 | €6,504 | €123 | -€6,381 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,917 | €79,416 | -€13,501 | -14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €119,992 | +€119,992 | |
| Other operating charges | 640/8 | €27,617 | €35,175 | +€7,558 | +27.4% |
| Gross operating margin | 9900 | €129,749 | €192,221 | +€62,471 | +48.1% |
| Operating profit (loss) | 9901 | €9,216 | -€42,361 | -€51,577 | |
| Financial income | 75/76B | €33,557 | €22,081 | -€11,476 | -34.2% |
| Recurring financial income | 75 | €33,557 | €22,081 | -€11,476 | -34.2% |
| Financial charges | 65/66B | €57,712 | €18,299 | -€39,413 | -68.3% |
| Recurring financial charges | 65 | €57,712 | €18,299 | -€39,413 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,939 | -€38,579 | -€23,640 | -158% |
| Income taxes | 67/77 | €450 | €2,634 | +€2,184 | +485% |
| Profit (loss) for the period | 9904 | -€15,389 | -€41,213 | -€25,823 | -168% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,389 | -€41,213 | -€25,823 | -168% |
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 15 October 2026 via checked.be.