Brusselaers AB: 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 AB
Largest movements
- Tangible fixed assets -€40,166
down €40,166 (-8.2%), from €490,917 to €450,751
of which Land and buildings: -€40,414
- Cash +€16,491
up €16,491 (+93.8%), from €17,582 to €34,074
mainly Net result for the year (+€66,759) and Depreciation (+€58,687)
- Receivables within one year +€6,302
up €6,302 (+39.1%), from €16,122 to €22,425
of which Other amounts receivable: +€8,210
- Debts after one year -€88,817
down €88,817 (-35.8%), from €248,126 to €159,310
- Profit (loss) carried forward +€66,759
up €66,759 (+35.2%), from €189,602 to €256,361
- Gross operating margin +€97,747
up €97,747 (+227%), from €43,135 to €140,883
- Taxes +€6,838
new in 2025: €6,838
- Depreciation +€6,255
up €6,255 (+11.9%), from €52,432 to €58,687
- Other operating charges +€2,075
up €2,075 (+41.4%), from €5,006 to €7,081
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 | €536,121 | €519,021 | -€17,100 | -3.2% |
| Fixed assets | 21/28 | €495,917 | €455,751 | -€40,166 | -8.1% |
| Tangible fixed assets | 22/27 | €490,917 | €450,751 | -€40,166 | -8.2% |
| Land and buildings | 22 | €488,488 | €448,074 | -€40,414 | -8.3% |
| Plant, machinery and equipment | 23 | €2,429 | €2,677 | +€248 | +10.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €40,205 | €63,271 | +€23,066 | +57.4% |
| Amounts receivable after more than one year | 29 | €6,500 | €6,500 | = | 0.0% |
| Other amounts receivable | 291 | €6,500 | €6,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,122 | €22,425 | +€6,302 | +39.1% |
| Trade receivables | 40 | €16,122 | €14,214 | -€1,908 | -11.8% |
| Other amounts receivable | 41 | - | €8,210 | +€8,210 | |
| Cash at bank and in hand | 54/58 | €17,582 | €34,074 | +€16,491 | +93.8% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €536,121 | €519,021 | -€17,100 | -3.2% |
| Equity | 10/15 | €246,569 | €313,329 | +€66,759 | +27.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,967 | €36,967 | = | 0.0% |
| Distributable reserves | 133 | €36,967 | €36,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,602 | €256,361 | +€66,759 | +35.2% |
| Provisions and deferred taxes | 16 | €4,167 | €4,167 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,167 | €4,167 | = | 0.0% |
| Major repairs and maintenance | 162 | €4,167 | €4,167 | = | 0.0% |
| Amounts payable | 17/49 | €285,385 | €201,525 | -€83,860 | -29.4% |
| Amounts payable after more than one year | 17 | €248,126 | €159,310 | -€88,817 | -35.8% |
| Financial debts | 170/4 | €248,126 | €159,310 | -€88,817 | -35.8% |
| Amounts payable within one year | 42/48 | €29,809 | €34,400 | +€4,591 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €21,979 | €22,329 | +€350 | +1.6% |
| Trade debts | 44 | €2,993 | €6,665 | +€3,673 | +123% |
| Suppliers | 440/4 | €2,993 | €6,665 | +€3,673 | +123% |
| Taxes, remuneration and social security | 45 | €4,837 | €5,405 | +€569 | +11.8% |
| Taxes | 450/3 | €4,837 | €5,405 | +€569 | +11.8% |
| Accrued charges and deferred income | 492/3 | €7,450 | €7,816 | +€366 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,432 | €58,687 | +€6,255 | +11.9% |
| Other operating charges | 640/8 | €5,006 | €7,081 | +€2,075 | +41.4% |
| Gross operating margin | 9900 | €43,135 | €140,883 | +€97,747 | +227% |
| Operating profit (loss) | 9901 | -€14,303 | €75,115 | +€89,418 | |
| Financial income | 75/76B | €345 | €343 | -€2 | -0.7% |
| Recurring financial income | 75 | €345 | €343 | -€2 | -0.7% |
| Financial charges | 65/66B | €2,095 | €1,861 | -€234 | -11.2% |
| Recurring financial charges | 65 | €2,095 | €1,861 | -€234 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,052 | €73,598 | +€89,650 | |
| Income taxes | 67/77 | - | €6,838 | +€6,838 | |
| Profit (loss) for the period | 9904 | -€16,052 | €66,759 | +€82,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,052 | €66,759 | +€82,811 |
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 27 October 2026 via checked.be.