brupower: what changed
Two fiscal 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.
brupower
Largest movements
- Cash -€126,504
down €126,504 (-55.8%), from €226,909 to €100,405
mainly Investment in fixed assets (net) (-€147,731) and Accrued charges and deferred income (-€107,493)
- Tangible fixed assets +€85,982
up €85,982 (+30.9%), from €278,141 to €364,123
of which Plant, machinery and equipment: +€172,125
- Financial fixed assets +€50,000
up €50,000 (+21.3%), from €235,150 to €285,150
- Receivables within one year -€16,560
down €16,560 (-8.5%), from €195,204 to €178,643
of which Other amounts receivable: -€65,805
- Accrued charges and deferred income -€107,493
down €107,493 (-73.1%), from €147,115 to €39,622
- Debts after one year +€92,772
up €92,772 (+61.8%), from €150,000 to €242,772
- Trade debts -€26,201
down €26,201 (-81.6%), from €32,090 to €5,890
- Contributions +€23,650
up €23,650 (+3.9%), from €613,500 to €637,150
- Profit (loss) carried forward -€12,876
down €12,876 (-56.0%), from -€22,995 to -€35,871
- Gross operating margin +€15,896
up €15,896 (+21.9%), from €72,438 to €88,333
- Staff costs +€14,523
up €14,523 (+20.5%), from €70,934 to €85,456
- Depreciation +€5,380
up €5,380 (+84.5%), from €6,369 to €11,749
- Financial charges +€3,522
up €3,522 (+317.3%), from €1,110 to €4,632
- Financial income +€2,178
up €2,178 (+144.3%), from €1,509 to €3,687
From the 31-03-2025 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.
Cash bridge derived
Derived from the 31-03-2025 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.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €959,864 | €946,844 | -€13,019 | -1.4% |
| Fixed assets | 21/28 | €513,291 | €649,273 | +€135,982 | +26.5% |
| Tangible fixed assets | 22/27 | €278,141 | €364,123 | +€85,982 | +30.9% |
| Plant, machinery and equipment | 23 | €144,379 | €316,504 | +€172,125 | +119.2% |
| Furniture and vehicles | 24 | €835 | €463 | -€372 | -44.5% |
| Assets under construction and advance payments | 27 | €132,927 | €47,156 | -€85,772 | -64.5% |
| Financial fixed assets | 28 | €235,150 | €285,150 | +€50,000 | +21.3% |
| Current assets | 29/58 | €446,572 | €297,571 | -€149,001 | -33.4% |
| Amounts receivable after more than one year | 29 | €24,000 | €18,000 | -€6,000 | -25.0% |
| Other amounts receivable | 291 | €24,000 | €18,000 | -€6,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €195,204 | €178,643 | -€16,560 | -8.5% |
| Trade receivables | 40 | €1,080 | €50,325 | +€49,245 | +4558.9% |
| Other amounts receivable | 41 | €194,124 | €128,318 | -€65,805 | -33.9% |
| Cash at bank and in hand | 54/58 | €226,909 | €100,405 | -€126,504 | -55.8% |
| Deferred charges and accrued income | 490/1 | €459 | €522 | +€63 | +13.7% |
| Total equity and liabilities | 10/49 | €959,864 | €946,844 | -€13,019 | -1.4% |
| Equity | 10/15 | €619,040 | €628,678 | +€9,638 | +1.6% |
| Contributions | 10/11 | €613,500 | €637,150 | +€23,650 | +3.9% |
| Profit (loss) carried forward | 14 | -€22,995 | -€35,871 | -€12,876 | -56.0% |
| Investment grants | 15 | €28,535 | €27,398 | -€1,137 | -4.0% |
| Amounts payable | 17/49 | €340,824 | €318,167 | -€22,657 | -6.6% |
| Amounts payable after more than one year | 17 | €150,000 | €242,772 | +€92,772 | +61.8% |
| Financial debts | 170/4 | €150,000 | €242,772 | +€92,772 | +61.8% |
| Amounts payable within one year | 42/48 | €43,709 | €35,773 | -€7,936 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,228 | +€7,228 | |
| Trade debts | 44 | €32,090 | €5,890 | -€26,201 | -81.6% |
| Suppliers | 440/4 | €32,090 | €5,890 | -€26,201 | -81.6% |
| Taxes, remuneration and social security | 45 | €11,612 | €14,512 | +€2,900 | +25.0% |
| Taxes | 450/3 | - | €157 | +€157 | |
| Remuneration and social security | 454/9 | €11,612 | €14,355 | +€2,743 | +23.6% |
| Other amounts payable | 47/48 | €6 | €8,143 | +€8,137 | +126539.8% |
| Accrued charges and deferred income | 492/3 | €147,115 | €39,622 | -€107,493 | -73.1% |
| Remuneration, social security and pensions | 62 | €70,934 | €85,456 | +€14,523 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,369 | €11,749 | +€5,380 | +84.5% |
| Other operating charges | 640/8 | €376 | €1,409 | +€1,032 | +274.3% |
| Non-recurring operating charges | 66A | - | €1,650 | +€1,650 | |
| Gross operating margin | 9900 | €72,438 | €88,333 | +€15,896 | +21.9% |
| Operating profit (loss) | 9901 | -€5,242 | -€11,931 | -€6,689 | -127.6% |
| Financial income | 75/76B | €1,509 | €3,687 | +€2,178 | +144.3% |
| Recurring financial income | 75 | €1,509 | €3,687 | +€2,178 | +144.3% |
| Financial charges | 65/66B | €1,110 | €4,632 | +€3,522 | +317.3% |
| Recurring financial charges | 65 | €1,110 | €4,632 | +€3,522 | +317.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,843 | -€12,876 | -€8,033 | -165.9% |
| Profit (loss) for the period | 9904 | -€4,843 | -€12,876 | -€8,033 | -165.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,843 | -€12,876 | -€8,033 | -165.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.