BRUSTOR: 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.
What changed
BRUSTOR
NACE 13.929, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20.7m
2024 · €19.6m+€1.1m
Equity
€123.7m
2024 · €108.0m+€15.7m
Cash
€35.5m
2024 · €6.1m+€29.4m
Balance sheet total
€140.3m
2024 · €121.6m+€18.7m
Largest movements
Assets
- Cash +€29.4m
up €29.4m (+479.8%), from €6.1m to €35.5m
mainly Net result for the year (+€20.7m) and Current investments (+€10.3m)
- Current investments -€10.3m
down €10.3m (-12.1%), from €84.7m to €74.4m
Equity and liabilities
- Reserves +€15.7m
up €15.7m (+15.1%), from €104.0m to €119.7m
of which Distributable reserves: +€15.7m
- Trade debts +€3.1m
up €3.1m (+55.1%), from €5.7m to €8.8m
Income statement
- Financial income +€2.8m
up €2.8m (+121.6%), from €2.3m to €5.0m
- Financial charges +€1.2m
up €1.2m (+194.3%), from €607,097 to €1.8m
- Purchases and services +€1.2m
up €1.2m (+1.8%), from €63.7m to €64.9m
- Gross operating margin -€1.1m
down €1.1m (-2.6%), from €41.0m to €39.9m
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.
Result 2024
€19.6m
Gross operating margin
-€1.1m
Staff costs
+€126,469
Depreciation
-€32,852
Write-downs
-€195,005
Other operating charges
-€5,760
Other operating items
-€7,002
Financial income
+€2.8m
Financial charges
-€1.2m
Taxes
+€671,618
Result 2025
€20.7m
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.
From operations
+€25.4m
Investment
+€9.0m
Financing
-€5.0m
Cash 2024
€6.1m
From operations (derived)
+€25.4m
Net result for the year
+€20.7m
Depreciation
+€1.9m
Receivables after one year
-€357,278
Smaller working-capital items
+€36,336
Receivables within one year
+€156,265
Deferred charges and accrued income
-€71,569
Trade debts
+€3.1m
Tax, wage and social debts
+€68,812
Accrued charges and deferred income
-€169,820
Investment (derived)
+€9.0m
Investment in fixed assets (net)
-€1.3m
Current investments
+€10.3m
Financing
-€5.0m
Debts after one year
-€14,128
Current portion of long-term debt
-€1,648
Contributions, distributions and other
-€5.0m
Cash 2025
€35.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,600,090 | €140,285,486 | +€18.7m | +15.4% |
| Fixed assets | 21/28 | €8,193,073 | €7,539,322 | -€653,751 | -8.0% |
| Tangible fixed assets | 22/27 | €7,891,526 | €7,237,650 | -€653,876 | -8.3% |
| Land and buildings | 22 | €4,773,344 | €4,433,049 | -€340,295 | -7.1% |
| Plant, machinery and equipment | 23 | €1,503,119 | €1,154,442 | -€348,677 | -23.2% |
| Furniture and vehicles | 24 | €1,326,573 | €1,386,168 | +€59,595 | +4.5% |
| Leasing and similar rights | 25 | €288,489 | €263,992 | -€24,497 | -8.5% |
| Financial fixed assets | 28 | €301,547 | €301,671 | +€124 | 0.0% |
| Current assets | 29/58 | €113,407,017 | €132,746,164 | +€19.3m | +17.1% |
| Amounts receivable after more than one year | 29 | - | €357,278 | +€357,278 | |
| Other amounts receivable | 291 | - | €357,278 | +€357,278 | |
| Stocks and contracts in progress | 3 | €13,756,559 | €13,718,573 | -€37,986 | -0.3% |
| Stocks | 30/36 | €13,756,559 | €13,718,573 | -€37,986 | -0.3% |
| Amounts receivable within one year | 40/41 | €8,719,504 | €8,563,239 | -€156,265 | -1.8% |
| Trade receivables | 40 | €8,175,492 | €7,385,548 | -€789,944 | -9.7% |
| Other amounts receivable | 41 | €544,012 | €1,177,691 | +€633,679 | +116.5% |
| Current investments | 50/53 | €84,708,049 | €74,435,681 | -€10.3m | -12.1% |
| Cash at bank and in hand | 54/58 | €6,122,315 | €35,499,235 | +€29.4m | +479.8% |
| Deferred charges and accrued income | 490/1 | €100,590 | €172,159 | +€71,569 | +71.1% |
| Total equity and liabilities | 10/49 | €121,600,090 | €140,285,486 | +€18.7m | +15.4% |
| Equity | 10/15 | €108,034,940 | €123,701,220 | +€15.7m | +14.5% |
| Contributions | 10/11 | €4,047,604 | €4,047,604 | -€0 | 0.0% |
| Capital | 10 | €4,047,604 | €4,047,604 | -€0 | 0.0% |
| Issued capital | 100 | €4,047,604 | €4,047,604 | -€0 | 0.0% |
| Reserves | 13 | €103,987,337 | €119,653,617 | +€15.7m | +15.1% |
| Non-distributable reserves | 130/1 | €404,760 | €404,760 | +€0 | 0.0% |
| Legal reserve | 130 | €404,760 | €404,760 | +€0 | 0.0% |
| Distributable reserves | 133 | €103,582,576 | €119,248,856 | +€15.7m | +15.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €13,515,149 | €16,534,266 | +€3.0m | +22.3% |
| Amounts payable after more than one year | 17 | €155,155 | €141,027 | -€14,128 | -9.1% |
| Financial debts | 170/4 | €155,155 | €141,027 | -€14,128 | -9.1% |
| Amounts payable within one year | 42/48 | €13,190,175 | €16,393,239 | +€3.2m | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €101,547 | €99,899 | -€1,648 | -1.6% |
| Trade debts | 44 | €5,698,817 | €8,836,368 | +€3.1m | +55.1% |
| Suppliers | 440/4 | €5,698,817 | €8,836,368 | +€3.1m | +55.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,388,160 | €2,456,972 | +€68,812 | +2.9% |
| Taxes | 450/3 | €196,345 | €250,164 | +€53,819 | +27.4% |
| Remuneration and social security | 454/9 | €2,191,815 | €2,206,808 | +€14,993 | +0.7% |
| Other amounts payable | 47/48 | €5,001,650 | €5,000,000 | -€1,650 | 0.0% |
| Accrued charges and deferred income | 492/3 | €169,820 | €0 | -€169,820 | -100.0% |
| Turnover | 70 | €102,815,169 | €102,626,186 | -€188,983 | -0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €63,704,068 | €64,854,306 | +€1.2m | +1.8% |
| Remuneration, social security and pensions | 62 | €17,191,690 | €17,065,221 | -€126,469 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,873,007 | €1,905,859 | +€32,852 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €195,005 | +€195,005 | |
| Other operating charges | 640/8 | €303,556 | €309,316 | +€5,760 | +1.9% |
| Non-recurring operating charges | 66A | - | €7,001 | +€7,001 | |
| Gross operating margin | 9900 | €40,962,873 | €39,885,941 | -€1.1m | -2.6% |
| Operating profit (loss) | 9901 | €21,594,621 | €20,403,539 | -€1.2m | -5.5% |
| Financial income | 75/76B | €2,269,269 | €5,028,660 | +€2.8m | +121.6% |
| Recurring financial income | 75 | €2,269,269 | €5,028,660 | +€2.8m | +121.6% |
| Financial charges | 65/66B | €607,097 | €1,786,953 | +€1.2m | +194.3% |
| Recurring financial charges | 65 | €607,097 | €1,786,953 | +€1.2m | +194.3% |
| Profit (loss) for the period before taxes | 9903 | €23,256,793 | €23,645,246 | +€388,453 | +1.7% |
| Income taxes | 67/77 | €3,650,584 | €2,978,966 | -€671,618 | -18.4% |
| Profit (loss) for the period | 9904 | €19,606,209 | €20,666,280 | +€1.1m | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,606,209 | €20,666,280 | +€1.1m | +5.4% |
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 8 October 2026 via checked.be.