BRUSIL: 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.
BRUSIL
Largest movements
- Stocks and contracts -€6,551
down €6,551 (-17.8%), from €36,794 to €30,243
- Tangible fixed assets -€2,225
down €2,225 (-50.0%), from €4,450 to €2,225
- Cash -€1,714
down €1,714 (-100.0%), from €1,714 to €0
mainly Net result for the year (-€5,763) and Short-term financial debts (-€4,198)
- Receivables within one year -€1,633
down €1,633 (-16.1%), from €10,140 to €8,507
- Profit (loss) carried forward -€5,763
down €5,763 (-5.3%), from -€108,735 to -€114,498
- Short-term financial debts -€4,198
down €4,198 (-16.8%), from €25,000 to €20,802
- Other debts -€3,834
down €3,834 (-16.2%), from €23,598 to €19,765
- Trade debts +€3,138
up €3,138 (+31.3%), from €10,023 to €13,161
- Advances received -€1,154
down €1,154 (-100.0%), from €1,154 to €0
- Gross operating margin +€5,364
up €5,364 (+94.1%), from -€5,698 to -€334
- Other operating charges +€386
up €386 (+51.5%), from €749 to €1,136
- Financial charges -€257
down €257 (-11.1%), from €2,325 to €2,068
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.
Cash bridge derived
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 | €53,509 | €41,181 | -€12,328 | -23.0% |
| Fixed assets | 21/28 | €4,656 | €2,431 | -€2,225 | -47.8% |
| Tangible fixed assets | 22/27 | €4,450 | €2,225 | -€2,225 | -50.0% |
| Furniture and vehicles | 24 | €4,450 | €2,225 | -€2,225 | -50.0% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €48,853 | €38,750 | -€10,102 | -20.7% |
| Stocks and contracts in progress | 3 | €36,794 | €30,243 | -€6,551 | -17.8% |
| Stocks | 30/36 | €36,794 | €30,243 | -€6,551 | -17.8% |
| Amounts receivable within one year | 40/41 | €10,140 | €8,507 | -€1,633 | -16.1% |
| Trade receivables | 40 | €10,140 | €8,507 | -€1,633 | -16.1% |
| Cash at bank and in hand | 54/58 | €1,714 | €0 | -€1,714 | -100.0% |
| Deferred charges and accrued income | 490/1 | €204 | €0 | -€204 | -100.0% |
| Total equity and liabilities | 10/49 | €53,509 | €41,181 | -€12,328 | -23.0% |
| Equity | 10/15 | -€8,735 | -€14,498 | -€5,763 | -66.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,735 | -€114,498 | -€5,763 | -5.3% |
| Amounts payable | 17/49 | €62,244 | €55,679 | -€6,565 | -10.5% |
| Amounts payable within one year | 42/48 | €62,244 | €55,679 | -€6,565 | -10.5% |
| Financial debts | 43 | €25,000 | €20,802 | -€4,198 | -16.8% |
| Credit institutions | 430/8 | €25,000 | €20,802 | -€4,198 | -16.8% |
| Trade debts | 44 | €10,023 | €13,161 | +€3,138 | +31.3% |
| Suppliers | 440/4 | €10,023 | €13,161 | +€3,138 | +31.3% |
| Advances received on contracts in progress | 46 | €1,154 | €0 | -€1,154 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,469 | €1,951 | -€518 | -21.0% |
| Taxes | 450/3 | €2,469 | €1,951 | -€518 | -21.0% |
| Other amounts payable | 47/48 | €23,598 | €19,765 | -€3,834 | -16.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,225 | €2,225 | = | 0.0% |
| Other operating charges | 640/8 | €749 | €1,136 | +€386 | +51.5% |
| Gross operating margin | 9900 | -€5,698 | -€334 | +€5,364 | +94.1% |
| Operating profit (loss) | 9901 | -€8,672 | -€3,695 | +€4,978 | +57.4% |
| Financial income | 75/76B | €23 | €0 | -€23 | -100.0% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100.0% |
| Financial charges | 65/66B | €2,325 | €2,068 | -€257 | -11.1% |
| Recurring financial charges | 65 | €2,325 | €2,068 | -€257 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,974 | -€5,763 | +€5,211 | +47.5% |
| Profit (loss) for the period | 9904 | -€10,974 | -€5,763 | +€5,211 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,974 | -€5,763 | +€5,211 | +47.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 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.