BRUSSELMANS JAN: 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.
BRUSSELMANS JAN
Largest movements
- Current investments +€228,389
up €228,389 (+145%), from €157,482 to €385,871
- Receivables within one year +€224,179
up €224,179 (+638%), from €35,134 to €259,314
of which Trade receivables: +€254,499
- Receivables after one year -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Stocks and contracts -€78,407
down €78,407 (-100%), from €78,407 to €0
- Cash +€12,304
up €12,304 (+21.7%), from €56,757 to €69,061
mainly Receivables after one year (+€150,000) and Net result for the year (+€111,182)
- Other debts +€87,835
up €87,835 (+263%), from €33,415 to €121,250
- Trade debts +€85,835
up €85,835 (+1,643%), from €5,223 to €91,058
- Tax, wage and social debts +€54,584
up €54,584 (+4,958%), from €1,101 to €55,685
- Reserves -€10,068
down €10,068 (-1.8%), from €550,057 to €539,988
of which Non-distributable reserves: -€5,277
- Gross operating margin +€141,325
up €141,325 (+368%), from €38,428 to €179,754
- Taxes +€42,946
up €42,946 (+425%), from €10,098 to €53,044
- Other operating charges +€2,869
up €2,869 (+331%), from €868 to €3,737
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 | €658,406 | €876,592 | +€218,185 | +33.1% |
| Fixed assets | 21/28 | €18,090 | €7,292 | -€10,798 | -59.7% |
| Tangible fixed assets | 22/27 | €18,090 | €7,292 | -€10,798 | -59.7% |
| Plant, machinery and equipment | 23 | €8,058 | €5,350 | -€2,708 | -33.6% |
| Furniture and vehicles | 24 | €10,032 | €1,941 | -€8,090 | -80.6% |
| Current assets | 29/58 | €640,317 | €869,300 | +€228,983 | +35.8% |
| Amounts receivable after more than one year | 29 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Other amounts receivable | 291 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Stocks and contracts in progress | 3 | €78,407 | €0 | -€78,407 | -100% |
| Stocks | 30/36 | €78,407 | €0 | -€78,407 | -100% |
| Amounts receivable within one year | 40/41 | €35,134 | €259,314 | +€224,179 | +638% |
| Trade receivables | 40 | €0 | €254,499 | +€254,499 | |
| Other amounts receivable | 41 | €35,134 | €4,814 | -€30,320 | -86.3% |
| Current investments | 50/53 | €157,482 | €385,871 | +€228,389 | +145% |
| Cash at bank and in hand | 54/58 | €56,757 | €69,061 | +€12,304 | +21.7% |
| Deferred charges and accrued income | 490/1 | €12,538 | €5,055 | -€7,483 | -59.7% |
| Total equity and liabilities | 10/49 | €658,406 | €876,592 | +€218,185 | +33.1% |
| Equity | 10/15 | €608,657 | €598,588 | -€10,068 | -1.7% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €550,057 | €539,988 | -€10,068 | -1.8% |
| Non-distributable reserves | 130/1 | €5,860 | €583 | -€5,277 | -90.0% |
| Reserves not available under the articles | 1311 | €5,860 | €583 | -€5,277 | -90.0% |
| Distributable reserves | 133 | €544,197 | €539,405 | -€4,791 | -0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,750 | €278,003 | +€228,254 | +459% |
| Amounts payable within one year | 42/48 | €39,739 | €267,993 | +€228,254 | +574% |
| Trade debts | 44 | €5,223 | €91,058 | +€85,835 | +1,643% |
| Suppliers | 440/4 | €5,223 | €91,058 | +€85,835 | +1,643% |
| Taxes, remuneration and social security | 45 | €1,101 | €55,685 | +€54,584 | +4,958% |
| Taxes | 450/3 | €1,101 | €55,685 | +€54,584 | +4,958% |
| Other amounts payable | 47/48 | €33,415 | €121,250 | +€87,835 | +263% |
| Accrued charges and deferred income | 492/3 | €10,010 | €10,010 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,893 | €6,900 | -€993 | -12.6% |
| Other operating charges | 640/8 | €868 | €3,737 | +€2,869 | +331% |
| Non-recurring operating charges | 66A | - | €6,288 | +€6,288 | |
| Gross operating margin | 9900 | €38,428 | €179,754 | +€141,325 | +368% |
| Operating profit (loss) | 9901 | €29,668 | €162,829 | +€133,161 | +449% |
| Financial income | 75/76B | €7,024 | €6,481 | -€544 | -7.7% |
| Recurring financial income | 75 | €7,024 | €6,481 | -€544 | -7.7% |
| Financial charges | 65/66B | €5,521 | €5,085 | -€437 | -7.9% |
| Recurring financial charges | 65 | €5,521 | €5,085 | -€437 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €31,171 | €164,225 | +€133,054 | +427% |
| Income taxes | 67/77 | €10,098 | €53,044 | +€42,946 | +425% |
| Profit (loss) for the period | 9904 | €21,073 | €111,182 | +€90,108 | +428% |
| Profit (loss) for the period to be appropriated | 9905 | €21,073 | €111,182 | +€90,108 | +428% |
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 24 October 2026 via checked.be.