BRUTA 74: what changed
What changed
BRUTA 74
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€26,479
2024 · €53,495-€27,016
Equity
€880,027
2024 · €853,548+€26,479
Cash
€42,304
2024 · €17,686+€24,618
Balance sheet total
€1.4m
2024 · €1.5m-€27,823
Largest movements
Assets
- Tangible fixed assets -€54,958
down €54,958 (-7.7%), from €717,356 to €662,398
- Cash +€24,618
up €24,618 (+139%), from €17,686 to €42,304
mainly Depreciation (+€54,958) and Net result for the year (+€26,479)
Equity and liabilities
- Debts after one year -€55,369
down €55,369 (-10.3%), from €537,298 to €481,929
of which Financial debts: -€55,369
- Profit (loss) carried forward +€26,479
up €26,479 (+3.2%), from €833,088 to €859,567
Income statement
- Gross operating margin -€21,748
down €21,748 (-16.1%), from €134,988 to €113,240
- Depreciation +€11,328
up €11,328 (+26.0%), from €43,630 to €54,958
- Taxes -€6,712
down €6,712 (-45.1%), from €14,881 to €8,169
- Financial charges +€1,616
up €1,616 (+10.1%), from €16,078 to €17,694
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€53,495
Gross operating margin
-€21,748
Depreciation
-€11,328
Other operating charges
+€990
Financial income
-€26
Financial charges
-€1,616
Taxes
+€6,712
Result 2025
€26,479
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€84,473
Investment
€0
Financing
-€59,855
Cash 2024
€17,686
From operations (derived)
+€84,473
Net result for the year
+€26,479
Depreciation
+€54,958
Receivables within one year
-€2,273
Deferred charges and accrued income
-€243
Trade debts
+€4,121
Tax, wage and social debts
-€4,405
Other debts
+€5,838
Financing
-€59,855
Debts after one year
-€55,369
Current portion of long-term debt
-€4,486
Cash 2025
€42,304
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,476,121 | €1,448,298 | -€27,823 | -1.9% |
| Fixed assets | 21/28 | €1,372,309 | €1,317,352 | -€54,958 | -4.0% |
| Tangible fixed assets | 22/27 | €717,356 | €662,398 | -€54,958 | -7.7% |
| Land and buildings | 22 | €578,619 | €563,484 | -€15,135 | -2.6% |
| Plant, machinery and equipment | 23 | €1,608 | €804 | -€804 | -50.0% |
| Furniture and vehicles | 24 | €112,453 | €87,164 | -€25,289 | -22.5% |
| Leasing and similar rights | 25 | €24,676 | €10,946 | -€13,730 | -55.6% |
| Financial fixed assets | 28 | €654,954 | €654,954 | = | 0.0% |
| Current assets | 29/58 | €103,812 | €130,946 | +€27,134 | +26.1% |
| Amounts receivable within one year | 40/41 | €82,772 | €85,045 | +€2,273 | +2.7% |
| Trade receivables | 40 | €82,170 | €82,570 | +€400 | +0.5% |
| Other amounts receivable | 41 | €602 | €2,475 | +€1,873 | +311% |
| Cash at bank and in hand | 54/58 | €17,686 | €42,304 | +€24,618 | +139% |
| Deferred charges and accrued income | 490/1 | €3,354 | €3,597 | +€243 | +7.3% |
| Total equity and liabilities | 10/49 | €1,476,121 | €1,448,298 | -€27,823 | -1.9% |
| Equity | 10/15 | €853,548 | €880,027 | +€26,479 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €833,088 | €859,567 | +€26,479 | +3.2% |
| Amounts payable | 17/49 | €622,573 | €568,271 | -€54,302 | -8.7% |
| Amounts payable after more than one year | 17 | €537,298 | €481,929 | -€55,369 | -10.3% |
| Financial debts | 170/4 | €433,798 | €378,429 | -€55,369 | -12.8% |
| Other amounts payable | 178/9 | €103,500 | €103,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €85,274 | €86,342 | +€1,067 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €59,855 | €55,369 | -€4,486 | -7.5% |
| Trade debts | 44 | €3,687 | €7,807 | +€4,121 | +112% |
| Suppliers | 440/4 | €3,687 | €7,807 | +€4,121 | +112% |
| Taxes, remuneration and social security | 45 | €12,656 | €8,250 | -€4,405 | -34.8% |
| Taxes | 450/3 | €12,656 | €8,250 | -€4,405 | -34.8% |
| Other amounts payable | 47/48 | €9,077 | €14,915 | +€5,838 | +64.3% |
| Non-recurring operating income | 76A | €16,053 | - | -€16,053 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,630 | €54,958 | +€11,328 | +26.0% |
| Other operating charges | 640/8 | €6,931 | €5,941 | -€990 | -14.3% |
| Gross operating margin | 9900 | €134,988 | €113,240 | -€21,748 | -16.1% |
| Operating profit (loss) | 9901 | €84,427 | €52,341 | -€32,086 | -38.0% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €16,078 | €17,694 | +€1,616 | +10.1% |
| Recurring financial charges | 65 | €16,078 | €17,694 | +€1,616 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €68,376 | €34,648 | -€33,728 | -49.3% |
| Income taxes | 67/77 | €14,881 | €8,169 | -€6,712 | -45.1% |
| Profit (loss) for the period | 9904 | €53,495 | €26,479 | -€27,016 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,495 | €26,479 | -€27,016 | -50.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.