BRUSWA: 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.
BRUSWA
Largest movements
- Cash +€52,991
up €52,991 (+45.1%), from €117,446 to €170,438
mainly Net result for the year (+€122,574) and Depreciation (+€19,808)
- Receivables within one year +€33,901
up €33,901 (+91.0%), from €37,243 to €71,144
- Tangible fixed assets -€17,479
down €17,479 (-40.6%), from €43,071 to €25,592
of which Furniture and vehicles: -€18,024
- Reserves +€84,518
up €84,518 (+24.5%), from €345,357 to €429,875
of which Distributable reserves: +€84,518
- Tax, wage and social debts -€23,317
down €23,317 (-100%), from €23,317 to €0
- Other debts +€18,185
up €18,185 (+90.8%), from €20,024 to €38,208
- Current portion of long-term debt -€6,937
down €6,937 (-56.7%), from €12,224 to €5,288
- Debts after one year -€5,288
down €5,288 (-100%), from €5,288 to €0
- Gross operating margin -€13,586
down €13,586 (-6.7%), from €204,273 to €190,687
- Taxes -€3,316
down €3,316 (-6.0%), from €54,855 to €51,539
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 | €415,409 | €485,405 | +€69,997 | +16.9% |
| Fixed assets | 21/28 | €43,071 | €25,592 | -€17,479 | -40.6% |
| Tangible fixed assets | 22/27 | €43,071 | €25,592 | -€17,479 | -40.6% |
| Plant, machinery and equipment | 23 | €3,978 | €4,523 | +€546 | +13.7% |
| Furniture and vehicles | 24 | €39,093 | €21,069 | -€18,024 | -46.1% |
| Current assets | 29/58 | €372,338 | €459,814 | +€87,476 | +23.5% |
| Amounts receivable within one year | 40/41 | €37,243 | €71,144 | +€33,901 | +91.0% |
| Other amounts receivable | 41 | €37,243 | €71,144 | +€33,901 | +91.0% |
| Current investments | 50/53 | €90,000 | €89,000 | -€1,000 | -1.1% |
| Cash at bank and in hand | 54/58 | €117,446 | €170,438 | +€52,991 | +45.1% |
| Deferred charges and accrued income | 490/1 | €127,649 | €129,232 | +€1,583 | +1.2% |
| Total equity and liabilities | 10/49 | €415,409 | €485,405 | +€69,997 | +16.9% |
| Equity | 10/15 | €351,710 | €436,075 | +€84,366 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €345,357 | €429,875 | +€84,518 | +24.5% |
| Tax-exempt reserves | 132 | €12,150 | €12,150 | = | 0.0% |
| Distributable reserves | 133 | €333,207 | €417,725 | +€84,518 | +25.4% |
| Profit (loss) carried forward | 14 | €153 | €0 | -€153 | -100% |
| Amounts payable | 17/49 | €63,699 | €49,330 | -€14,369 | -22.6% |
| Amounts payable after more than one year | 17 | €5,288 | €0 | -€5,288 | -100% |
| Financial debts | 170/4 | €5,288 | €0 | -€5,288 | -100% |
| Amounts payable within one year | 42/48 | €56,411 | €47,330 | -€9,081 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €12,224 | €5,288 | -€6,937 | -56.7% |
| Trade debts | 44 | €846 | €3,834 | +€2,988 | +353% |
| Suppliers | 440/4 | €846 | €3,834 | +€2,988 | +353% |
| Taxes, remuneration and social security | 45 | €23,317 | €0 | -€23,317 | -100% |
| Taxes | 450/3 | €23,317 | €0 | -€23,317 | -100% |
| Other amounts payable | 47/48 | €20,024 | €38,208 | +€18,185 | +90.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,236 | €19,808 | -€1,428 | -6.7% |
| Other operating charges | 640/8 | €810 | €913 | +€103 | +12.7% |
| Gross operating margin | 9900 | €204,273 | €190,687 | -€13,586 | -6.7% |
| Operating profit (loss) | 9901 | €182,227 | €169,966 | -€12,261 | -6.7% |
| Financial income | 75/76B | €4,072 | €5,434 | +€1,362 | +33.5% |
| Recurring financial income | 75 | €4,072 | €5,434 | +€1,362 | +33.5% |
| Financial charges | 65/66B | €1,662 | €1,287 | -€375 | -22.5% |
| Recurring financial charges | 65 | €1,662 | €1,287 | -€375 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €184,637 | €174,113 | -€10,524 | -5.7% |
| Income taxes | 67/77 | €54,855 | €51,539 | -€3,316 | -6.0% |
| Profit (loss) for the period | 9904 | €129,782 | €122,574 | -€7,208 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €129,782 | €122,574 | -€7,208 | -5.6% |
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 14 October 2026 via checked.be.