BRUSARI: what changed
What changed
BRUSARI
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€56,826
2024 · €61,183-€4,357
Equity
€88,889
2024 · €32,063+€56,826
Cash
€338,808
2024 · €972,912-€634,104
Balance sheet total
€1.0m
2024 · €1.7m-€698,103
Largest movements
Assets
- Cash -€634,104
down €634,104 (-65.2%), from €972,912 to €338,808
mainly Other debts (-€763,110) and Receivables within one year (-€17,061)
- Tangible fixed assets -€80,204
down €80,204 (-10.8%), from €744,411 to €664,207
of which Land and buildings: -€68,090
Equity and liabilities
- Other debts -€763,110
down €763,110 (-45.5%), from €1.7m to €913,350
- Profit (loss) carried forward +€56,826
up €56,826, from -€29,910 to €26,916
Income statement
- Gross operating margin +€28,262
up €28,262 (+16.3%), from €173,485 to €201,747
- Financial charges +€22,246
up €22,246 (+11,798%), from €189 to €22,434
- Financial income -€17,177
down €17,177 (-100%), from €17,177 to €0
- Taxes +€14,099
up €14,099 (+231%), from €6,096 to €20,195
- Staff costs -€10,218
down €10,218 (-100%), from €10,218 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€61,183
Gross operating margin
+€28,262
Staff costs
+€10,218
Depreciation
+€4,858
Other operating charges
+€5,828
Financial income
-€17,177
Financial charges
-€22,246
Taxes
-€14,099
Result 2025
€56,826
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€619,345
Investment
-€14,237
Financing
-€522
Cash 2024
€972,912
From operations (derived)
-€619,345
Net result for the year
+€56,826
Depreciation
+€94,441
Receivables within one year
-€17,061
Deferred charges and accrued income
+€857
Trade debts
+€5,314
Tax, wage and social debts
+€3,390
Other debts
-€763,110
Investment (derived)
-€14,237
Investment in fixed assets (net)
-€14,237
Financing
-€522
Short-term financial debts
-€522
Cash 2025
€338,808
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,718,830 | €1,020,727 | -€698,103 | -40.6% |
| Fixed assets | 21/28 | €744,411 | €664,207 | -€80,204 | -10.8% |
| Tangible fixed assets | 22/27 | €744,411 | €664,207 | -€80,204 | -10.8% |
| Land and buildings | 22 | €726,602 | €658,512 | -€68,090 | -9.4% |
| Furniture and vehicles | 24 | €13,185 | €739 | -€12,445 | -94.4% |
| Other tangible fixed assets | 26 | €4,624 | €4,956 | +€332 | +7.2% |
| Current assets | 29/58 | €974,419 | €356,520 | -€617,899 | -63.4% |
| Amounts receivable within one year | 40/41 | €500 | €17,561 | +€17,061 | +3,412% |
| Trade receivables | 40 | - | €16,000 | +€16,000 | |
| Other amounts receivable | 41 | €500 | €1,561 | +€1,061 | +212% |
| Cash at bank and in hand | 54/58 | €972,912 | €338,808 | -€634,104 | -65.2% |
| Deferred charges and accrued income | 490/1 | €1,007 | €150 | -€857 | -85.1% |
| Total equity and liabilities | 10/49 | €1,718,830 | €1,020,727 | -€698,103 | -40.6% |
| Equity | 10/15 | €32,063 | €88,889 | +€56,826 | +177% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,910 | €26,916 | +€56,826 | |
| Amounts payable | 17/49 | €1,686,767 | €931,838 | -€754,929 | -44.8% |
| Amounts payable within one year | 42/48 | €1,686,767 | €931,838 | -€754,929 | -44.8% |
| Financial debts | 43 | €522 | €0 | -€522 | -100% |
| Other loans | 439 | €522 | €0 | -€522 | -100% |
| Trade debts | 44 | €6,379 | €11,693 | +€5,314 | +83.3% |
| Suppliers | 440/4 | €6,379 | €11,693 | +€5,314 | +83.3% |
| Taxes, remuneration and social security | 45 | €3,405 | €6,795 | +€3,390 | +99.6% |
| Taxes | 450/3 | €1,600 | €6,795 | +€5,195 | +325% |
| Remuneration and social security | 454/9 | €1,805 | €0 | -€1,805 | -100% |
| Other amounts payable | 47/48 | €1,676,460 | €913,350 | -€763,110 | -45.5% |
| Remuneration, social security and pensions | 62 | €10,218 | €0 | -€10,218 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,298 | €94,441 | -€4,858 | -4.9% |
| Other operating charges | 640/8 | €13,679 | €7,851 | -€5,828 | -42.6% |
| Gross operating margin | 9900 | €173,485 | €201,747 | +€28,262 | +16.3% |
| Operating profit (loss) | 9901 | €50,290 | €99,455 | +€49,165 | +97.8% |
| Financial income | 75/76B | €17,177 | €0 | -€17,177 | -100% |
| Recurring financial income | 75 | €17,177 | €0 | -€17,177 | -100% |
| Financial charges | 65/66B | €189 | €22,434 | +€22,246 | +11,798% |
| Recurring financial charges | 65 | €189 | €22,434 | +€22,246 | +11,798% |
| Profit (loss) for the period before taxes | 9903 | €67,279 | €77,021 | +€9,742 | +14.5% |
| Income taxes | 67/77 | €6,096 | €20,195 | +€14,099 | +231% |
| Profit (loss) for the period | 9904 | €61,183 | €56,826 | -€4,357 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,183 | €56,826 | -€4,357 | -7.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.