BRUSTEM BSS: 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.
BRUSTEM BSS
Largest movements
- Cash +€23,490
up €23,490 (+56.8%), from €41,381 to €64,871
mainly Debts after one year (+€160,045) and Depreciation (+€3,127)
- Stocks and contracts +€19,322
up €19,322 (+26.5%), from €73,039 to €92,361
- Tangible fixed assets -€3,127
down €3,127 (-22.8%), from €13,732 to €10,604
- Receivables within one year +€2,768
up €2,768 (+20.4%), from €13,578 to €16,346
- Deferred charges and accrued income +€2,072
new in 2025: €2,072
- Debts after one year +€160,045
up €160,045 (+1457.8%), from €10,979 to €171,023
of which Other amounts payable: +€163,000
- Profit (loss) carried forward -€43,937
down €43,937 (-49.3%), from -€89,069 to -€133,006
- Other debts -€37,000
down €37,000 (-100.0%), from €37,000 to €0
- Trade debts -€25,943
down €25,943 (-19.8%), from €131,188 to €105,246
- Tax, wage and social debts -€4,982
down €4,982 (-11.9%), from €42,017 to €37,035
of which Remuneration and social security: -€2,641
- Staff costs -€77,463
down €77,463 (-17.6%), from €440,121 to €362,659
- Gross operating margin -€46,705
down €46,705 (-12.6%), from €370,017 to €323,312
- Financial charges -€11,560
down €11,560 (-96.5%), from €11,980 to €420
- Other operating charges -€4,282
down €4,282 (-75.6%), from €5,666 to €1,384
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 | €141,730 | €186,254 | +€44,524 | +31.4% |
| Fixed assets | 21/28 | €13,732 | €10,604 | -€3,127 | -22.8% |
| Tangible fixed assets | 22/27 | €13,732 | €10,604 | -€3,127 | -22.8% |
| Leasing and similar rights | 25 | €13,732 | €10,604 | -€3,127 | -22.8% |
| Current assets | 29/58 | €127,998 | €175,650 | +€47,651 | +37.2% |
| Stocks and contracts in progress | 3 | €73,039 | €92,361 | +€19,322 | +26.5% |
| Stocks | 30/36 | €73,039 | €92,361 | +€19,322 | +26.5% |
| Amounts receivable within one year | 40/41 | €13,578 | €16,346 | +€2,768 | +20.4% |
| Trade receivables | 40 | €13,578 | €16,346 | +€2,768 | +20.4% |
| Cash at bank and in hand | 54/58 | €41,381 | €64,871 | +€23,490 | +56.8% |
| Deferred charges and accrued income | 490/1 | - | €2,072 | +€2,072 | |
| Total equity and liabilities | 10/49 | €141,730 | €186,254 | +€44,524 | +31.4% |
| Equity | 10/15 | -€86,069 | -€130,006 | -€43,937 | -51.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,069 | -€133,006 | -€43,937 | -49.3% |
| Amounts payable | 17/49 | €227,799 | €316,259 | +€88,460 | +38.8% |
| Amounts payable after more than one year | 17 | €10,979 | €171,023 | +€160,045 | +1457.8% |
| Financial debts | 170/4 | €10,979 | €8,023 | -€2,955 | -26.9% |
| Other amounts payable | 178/9 | - | €163,000 | +€163,000 | |
| Amounts payable within one year | 42/48 | €213,039 | €145,236 | -€67,803 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €2,834 | €2,955 | +€121 | +4.3% |
| Trade debts | 44 | €131,188 | €105,246 | -€25,943 | -19.8% |
| Suppliers | 440/4 | €131,188 | €105,246 | -€25,943 | -19.8% |
| Taxes, remuneration and social security | 45 | €42,017 | €37,035 | -€4,982 | -11.9% |
| Taxes | 450/3 | €5,173 | €2,832 | -€2,341 | -45.3% |
| Remuneration and social security | 454/9 | €36,844 | €34,203 | -€2,641 | -7.2% |
| Other amounts payable | 47/48 | €37,000 | €0 | -€37,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,781 | €0 | -€3,781 | -100.0% |
| Remuneration, social security and pensions | 62 | €440,121 | €362,659 | -€77,463 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,906 | €3,127 | +€1,222 | +64.1% |
| Other operating charges | 640/8 | €5,666 | €1,384 | -€4,282 | -75.6% |
| Non-recurring operating charges | 66A | €20 | €0 | -€20 | -100.0% |
| Gross operating margin | 9900 | €370,017 | €323,312 | -€46,705 | -12.6% |
| Operating profit (loss) | 9901 | -€77,696 | -€43,858 | +€33,838 | +43.6% |
| Financial income | 75/76B | €607 | €341 | -€266 | -43.8% |
| Recurring financial income | 75 | €607 | €341 | -€266 | -43.8% |
| Financial charges | 65/66B | €11,980 | €420 | -€11,560 | -96.5% |
| Recurring financial charges | 65 | €11,980 | €420 | -€11,560 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | -€89,069 | -€43,937 | +€45,132 | +50.7% |
| Profit (loss) for the period | 9904 | -€89,069 | -€43,937 | +€45,132 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,069 | -€43,937 | +€45,132 | +50.7% |
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 3 October 2026 via checked.be.