BRUSSELEK: 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.
BRUSSELEK
Largest movements
- Stocks and contracts -€73,784
down €73,784 (-8.5%), from €864,899 to €791,115
- Receivables within one year -€47,514
down €47,514 (-5.5%), from €863,349 to €815,835
of which Trade receivables: -€44,287
- Cash -€40,083
down €40,083 (-46.9%), from €85,413 to €45,330
mainly Trade debts (-€210,054) and Investment in fixed assets (net) (-€44,733)
- Tangible fixed assets +€23,855
up €23,855 (+32.6%), from €73,285 to €97,140
of which Furniture and vehicles: +€21,259
- Trade debts -€210,054
down €210,054 (-12.6%), from €1.7m to €1.5m
- Profit (loss) carried forward +€62,161
up €62,161 (+21.2%), from -€293,167 to -€231,006
- Purchases and services -€442,415
down €442,415 (-13.6%), from €3.2m to €2.8m
- Turnover -€399,622
down €399,622 (-11.0%), from €3.6m to €3.2m
- Gross operating margin +€43,543
up €43,543 (+11.5%), from €378,053 to €421,596
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 | €1,886,946 | €1,749,420 | -€137,526 | -7.3% |
| Fixed assets | 21/28 | €73,285 | €97,140 | +€23,855 | +32.6% |
| Tangible fixed assets | 22/27 | €73,285 | €97,140 | +€23,855 | +32.6% |
| Plant, machinery and equipment | 23 | €24,019 | €26,615 | +€2,596 | +10.8% |
| Furniture and vehicles | 24 | €49,266 | €70,525 | +€21,259 | +43.2% |
| Current assets | 29/58 | €1,813,661 | €1,652,280 | -€161,381 | -8.9% |
| Stocks and contracts in progress | 3 | €864,899 | €791,115 | -€73,784 | -8.5% |
| Stocks | 30/36 | €864,899 | €791,115 | -€73,784 | -8.5% |
| Amounts receivable within one year | 40/41 | €863,349 | €815,835 | -€47,514 | -5.5% |
| Trade receivables | 40 | €858,894 | €814,607 | -€44,287 | -5.2% |
| Other amounts receivable | 41 | €4,455 | €1,228 | -€3,227 | -72.4% |
| Cash at bank and in hand | 54/58 | €85,413 | €45,330 | -€40,083 | -46.9% |
| Total equity and liabilities | 10/49 | €1,886,946 | €1,749,420 | -€137,526 | -7.3% |
| Equity | 10/15 | -€40,846 | €21,315 | +€62,161 | |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,321 | €2,321 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €1,821 | €1,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,167 | -€231,006 | +€62,161 | +21.2% |
| Amounts payable | 17/49 | €1,927,792 | €1,728,105 | -€199,687 | -10.4% |
| Amounts payable after more than one year | 17 | €30,244 | €36,264 | +€6,020 | +19.9% |
| Financial debts | 170/4 | €30,244 | €36,264 | +€6,020 | +19.9% |
| Amounts payable within one year | 42/48 | €1,895,571 | €1,691,454 | -€204,117 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €12,171 | €21,488 | +€9,317 | +76.6% |
| Financial debts | 43 | €158,611 | €155,314 | -€3,297 | -2.1% |
| Credit institutions | 430/8 | €158,611 | €155,314 | -€3,297 | -2.1% |
| Trade debts | 44 | €1,673,484 | €1,463,430 | -€210,054 | -12.6% |
| Suppliers | 440/4 | €1,673,484 | €1,463,430 | -€210,054 | -12.6% |
| Taxes, remuneration and social security | 45 | €51,305 | €51,222 | -€83 | -0.2% |
| Taxes | 450/3 | €4,039 | €6,024 | +€1,985 | +49.1% |
| Remuneration and social security | 454/9 | €47,266 | €45,198 | -€2,068 | -4.4% |
| Accrued charges and deferred income | 492/3 | €1,977 | €387 | -€1,590 | -80.4% |
| Turnover | 70 | €3,622,178 | €3,222,556 | -€399,622 | -11.0% |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,244,125 | €2,801,710 | -€442,415 | -13.6% |
| Remuneration, social security and pensions | 62 | €287,060 | €313,493 | +€26,433 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,529 | €20,878 | +€6,349 | +43.7% |
| Other operating charges | 640/8 | €4,448 | €5,319 | +€871 | +19.6% |
| Gross operating margin | 9900 | €378,053 | €421,596 | +€43,543 | +11.5% |
| Operating profit (loss) | 9901 | €72,016 | €81,906 | +€9,890 | +13.7% |
| Financial charges | 65/66B | €11,269 | €19,525 | +€8,256 | +73.3% |
| Recurring financial charges | 65 | €11,269 | €19,525 | +€8,256 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €60,747 | €62,381 | +€1,634 | +2.7% |
| Income taxes | 67/77 | €503 | €220 | -€283 | -56.3% |
| Profit (loss) for the period | 9904 | €60,244 | €62,161 | +€1,917 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,244 | €62,161 | +€1,917 | +3.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.