Brusselaers: 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.
Brusselaers
Largest movements
- Cash +€69,746
up €69,746 (+65.5%), from €106,487 to €176,233
mainly Net result for the year (+€62,378) and Depreciation (+€13,938)
- Receivables within one year +€19,096
up €19,096 (+96.3%), from €19,837 to €38,933
of which Other amounts receivable: +€16,814
- Tangible fixed assets -€13,938
down €13,938 (-20.6%), from €67,661 to €53,723
of which Plant, machinery and equipment: -€10,627
- Reserves +€62,378
up €62,378 (+19.5%), from €320,323 to €382,701
of which Distributable reserves: +€62,378
- Trade debts +€7,068
up €7,068 (+124,004%), from €6 to €7,074
- Turnover -€404,202
no longer reported in 2025 (was €404,202)
- Purchases and services -€314,746
no longer reported in 2025 (was €314,746)
- Gross operating margin +€5,750
up €5,750 (+6.2%), from €93,371 to €99,121
- Financial charges +€4,896
up €4,896 (+6,549%), from €75 to €4,971
- Financial income +€4,537
up €4,537 (+137%), from €3,300 to €7,838
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 | €386,503 | €455,832 | +€69,329 | +17.9% |
| Fixed assets | 21/28 | €68,009 | €54,072 | -€13,938 | -20.5% |
| Tangible fixed assets | 22/27 | €67,661 | €53,723 | -€13,938 | -20.6% |
| Plant, machinery and equipment | 23 | €59,026 | €48,399 | -€10,627 | -18.0% |
| Furniture and vehicles | 24 | €3,355 | €860 | -€2,495 | -74.4% |
| Other tangible fixed assets | 26 | €5,280 | €4,465 | -€816 | -15.4% |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Current assets | 29/58 | €318,494 | €401,760 | +€83,267 | +26.1% |
| Stocks and contracts in progress | 3 | €22,939 | €19,522 | -€3,417 | -14.9% |
| Stocks | 30/36 | €22,939 | €19,522 | -€3,417 | -14.9% |
| Amounts receivable within one year | 40/41 | €19,837 | €38,933 | +€19,096 | +96.3% |
| Trade receivables | 40 | €14,296 | €16,579 | +€2,282 | +16.0% |
| Other amounts receivable | 41 | €5,540 | €22,354 | +€16,814 | +303% |
| Current investments | 50/53 | €163,334 | €164,020 | +€686 | +0.4% |
| Cash at bank and in hand | 54/58 | €106,487 | €176,233 | +€69,746 | +65.5% |
| Deferred charges and accrued income | 490/1 | €5,897 | €3,053 | -€2,845 | -48.2% |
| Total equity and liabilities | 10/49 | €386,503 | €455,832 | +€69,329 | +17.9% |
| Equity | 10/15 | €382,323 | €444,701 | +€62,378 | +16.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €320,323 | €382,701 | +€62,378 | +19.5% |
| Non-distributable reserves | 130/1 | €26,450 | €26,450 | = | 0.0% |
| Legal reserve | 130 | €26,450 | €26,450 | = | 0.0% |
| Distributable reserves | 133 | €293,873 | €356,251 | +€62,378 | +21.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,180 | €11,131 | +€6,951 | +166% |
| Amounts payable within one year | 42/48 | €4,180 | €11,131 | +€6,951 | +166% |
| Trade debts | 44 | €6 | €7,074 | +€7,068 | +124,004% |
| Suppliers | 440/4 | €6 | €7,074 | +€7,068 | +124,004% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,174 | €4,057 | -€117 | -2.8% |
| Taxes | 450/3 | €4,174 | €4,057 | -€117 | -2.8% |
| Turnover | 70 | €404,202 | - | -€404,202 | |
| Non-recurring operating income | 76A | €3,915 | €4,082 | +€167 | +4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €314,746 | - | -€314,746 | |
| Remuneration, social security and pensions | 62 | - | -€52 | -€52 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,567 | €13,938 | +€3,371 | +31.9% |
| Other operating charges | 640/8 | €1,497 | €1,598 | +€100 | +6.7% |
| Gross operating margin | 9900 | €93,371 | €99,121 | +€5,750 | +6.2% |
| Operating profit (loss) | 9901 | €81,307 | €83,638 | +€2,331 | +2.9% |
| Financial income | 75/76B | €3,300 | €7,838 | +€4,537 | +137% |
| Recurring financial income | 75 | €3,300 | €7,838 | +€4,537 | +137% |
| Financial charges | 65/66B | €75 | €4,971 | +€4,896 | +6,549% |
| Recurring financial charges | 65 | €75 | €4,971 | +€4,896 | +6,549% |
| Profit (loss) for the period before taxes | 9903 | €84,533 | €86,505 | +€1,972 | +2.3% |
| Income taxes | 67/77 | €23,105 | €24,127 | +€1,023 | +4.4% |
| Profit (loss) for the period | 9904 | €61,428 | €62,378 | +€949 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,428 | €62,378 | +€949 | +1.5% |
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.