BRUSACO: 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.
BRUSACO
Largest movements
- Stocks and contracts +€38,021
up €38,021 (+25.4%), from €149,555 to €187,576
- Tangible fixed assets -€21,565
down €21,565 (-10.3%), from €210,085 to €188,519
of which Furniture and vehicles: -€12,810
- Cash +€9,515
up €9,515 (+18.2%), from €52,210 to €61,726
mainly Short-term financial debts (+€29,138) and Depreciation (+€21,565)
- Current investments +€6,000
up €6,000 (+31.6%), from €19,000 to €25,000
- Short-term financial debts +€29,138
up €29,138 (+27.3%), from €106,732 to €135,870
- Profit (loss) carried forward +€18,812
up €18,812 (+82.8%), from €22,726 to €41,538
- Reserves -€16,100
down €16,100 (-7.3%), from €220,600 to €204,500
of which Distributable reserves: -€16,100
- Debts after one year -€7,693
down €7,693 (-51.6%), from €14,909 to €7,216
- Staff costs -€12,642
down €12,642 (-38.2%), from €33,120 to €20,478
- Gross operating margin +€10,511
up €10,511 (+15.3%), from €68,878 to €79,390
- Taxes +€4,696
up €4,696 (+605%), from €777 to €5,473
- Financial charges -€3,600
down €3,600 (-26.8%), from €13,439 to €9,839
- Financial income +€1,834
up €1,834, from €0 to €1,834
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 | €478,987 | €508,124 | +€29,137 | +6.1% |
| Fixed assets | 21/28 | €210,085 | €188,519 | -€21,565 | -10.3% |
| Tangible fixed assets | 22/27 | €210,085 | €188,519 | -€21,565 | -10.3% |
| Land and buildings | 22 | €172,723 | €163,967 | -€8,756 | -5.1% |
| Furniture and vehicles | 24 | €37,362 | €24,552 | -€12,810 | -34.3% |
| Current assets | 29/58 | €268,902 | €319,604 | +€50,702 | +18.9% |
| Stocks and contracts in progress | 3 | €149,555 | €187,576 | +€38,021 | +25.4% |
| Stocks | 30/36 | €149,555 | €187,576 | +€38,021 | +25.4% |
| Amounts receivable within one year | 40/41 | €46,937 | €44,913 | -€2,024 | -4.3% |
| Trade receivables | 40 | €16,937 | €14,913 | -€2,024 | -12.0% |
| Other amounts receivable | 41 | €30,000 | €30,000 | = | 0.0% |
| Current investments | 50/53 | €19,000 | €25,000 | +€6,000 | +31.6% |
| Cash at bank and in hand | 54/58 | €52,210 | €61,726 | +€9,515 | +18.2% |
| Deferred charges and accrued income | 490/1 | €1,199 | €389 | -€809 | -67.5% |
| Total equity and liabilities | 10/49 | €478,987 | €508,124 | +€29,137 | +6.1% |
| Equity | 10/15 | €249,826 | €252,538 | +€2,712 | +1.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €220,600 | €204,500 | -€16,100 | -7.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €220,600 | €204,500 | -€16,100 | -7.3% |
| Profit (loss) carried forward | 14 | €22,726 | €41,538 | +€18,812 | +82.8% |
| Amounts payable | 17/49 | €229,161 | €255,586 | +€26,425 | +11.5% |
| Amounts payable after more than one year | 17 | €14,909 | €7,216 | -€7,693 | -51.6% |
| Financial debts | 170/4 | €14,909 | €7,216 | -€7,693 | -51.6% |
| Amounts payable within one year | 42/48 | €212,217 | €246,334 | +€34,118 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €7,511 | €7,693 | +€182 | +2.4% |
| Financial debts | 43 | €106,732 | €135,870 | +€29,138 | +27.3% |
| Credit institutions | 430/8 | €106,732 | €135,870 | +€29,138 | +27.3% |
| Trade debts | 44 | €5,381 | €2,207 | -€3,174 | -59.0% |
| Suppliers | 440/4 | €5,381 | €2,207 | -€3,174 | -59.0% |
| Taxes, remuneration and social security | 45 | €18,269 | €22,843 | +€4,574 | +25.0% |
| Taxes | 450/3 | €12,578 | €18,069 | +€5,491 | +43.7% |
| Remuneration and social security | 454/9 | €5,691 | €4,774 | -€917 | -16.1% |
| Other amounts payable | 47/48 | €74,324 | €77,722 | +€3,397 | +4.6% |
| Accrued charges and deferred income | 492/3 | €2,035 | €2,035 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €33,120 | €20,478 | -€12,642 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,565 | €21,565 | = | 0.0% |
| Other operating charges | 640/8 | €5,143 | €5,056 | -€86 | -1.7% |
| Gross operating margin | 9900 | €68,878 | €79,390 | +€10,511 | +15.3% |
| Operating profit (loss) | 9901 | €9,050 | €32,290 | +€23,240 | +257% |
| Financial income | 75/76B | €0 | €1,834 | +€1,834 | |
| Recurring financial income | 75 | €0 | €1,834 | +€1,834 | |
| Financial charges | 65/66B | €13,439 | €9,839 | -€3,600 | -26.8% |
| Recurring financial charges | 65 | €13,439 | €9,839 | -€3,600 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,389 | €24,285 | +€28,674 | |
| Income taxes | 67/77 | €777 | €5,473 | +€4,696 | +605% |
| Profit (loss) for the period | 9904 | -€5,166 | €18,812 | +€23,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,166 | €18,812 | +€23,978 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.