BRUTE: 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.
BRUTE
Largest movements
- Receivables within one year -€77,147
down €77,147 (-96.6%), from €79,864 to €2,716
of which Other amounts receivable: -€73,106
- Cash -€72,072
down €72,072 (-56.8%), from €126,963 to €54,891
mainly Contributions, distributions and other (-€157,705) and Debts after one year (-€33,445)
- Tangible fixed assets -€24,872
down €24,872 (-20.9%), from €118,826 to €93,954
of which Furniture and vehicles: -€22,556
- Reserves -€104,915
no longer reported in 2025 (was €104,915)
- Debts after one year -€33,445
down €33,445 (-32.9%), from €101,718 to €68,272
- Other debts -€20,822
down €20,822 (-28.3%), from €73,612 to €52,790
- Tax, wage and social debts -€19,614
down €19,614 (-70.9%), from €27,675 to €8,061
- Current portion of long-term debt +€17,001
new in 2025: €17,001
- Depreciation +€19,338
up €19,338 (+349.5%), from €5,534 to €24,872
- Gross operating margin -€8,068
down €8,068 (-7.6%), from €105,924 to €97,855
- Taxes -€4,705
down €4,705 (-24.1%), from €19,505 to €14,800
- Other operating charges -€1,247
down €1,247 (-32.7%), from €3,807 to €2,560
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 | €325,851 | €151,760 | -€174,091 | -53.4% |
| Fixed assets | 21/28 | €118,826 | €93,954 | -€24,872 | -20.9% |
| Tangible fixed assets | 22/27 | €118,826 | €93,954 | -€24,872 | -20.9% |
| Plant, machinery and equipment | 23 | €10,485 | €8,169 | -€2,316 | -22.1% |
| Furniture and vehicles | 24 | €108,341 | €85,785 | -€22,556 | -20.8% |
| Current assets | 29/58 | €207,025 | €57,806 | -€149,219 | -72.1% |
| Amounts receivable within one year | 40/41 | €79,864 | €2,716 | -€77,147 | -96.6% |
| Trade receivables | 40 | €4,041 | - | -€4,041 | |
| Other amounts receivable | 41 | €75,822 | €2,716 | -€73,106 | -96.4% |
| Cash at bank and in hand | 54/58 | €126,963 | €54,891 | -€72,072 | -56.8% |
| Deferred charges and accrued income | 490/1 | €198 | €198 | = | 0.0% |
| Total equity and liabilities | 10/49 | €325,851 | €151,760 | -€174,091 | -53.4% |
| Equity | 10/15 | €106,915 | €2,000 | -€104,915 | -98.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €104,915 | - | -€104,915 | |
| Distributable reserves | 133 | €104,915 | - | -€104,915 | |
| Amounts payable | 17/49 | €218,937 | €149,760 | -€69,176 | -31.6% |
| Amounts payable after more than one year | 17 | €101,718 | €68,272 | -€33,445 | -32.9% |
| Financial debts | 170/4 | €101,718 | €68,272 | -€33,445 | -32.9% |
| Amounts payable within one year | 42/48 | €117,219 | €81,488 | -€35,731 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | - | €17,001 | +€17,001 | |
| Trade debts | 44 | €15,931 | €3,636 | -€12,295 | -77.2% |
| Suppliers | 440/4 | €15,931 | €3,636 | -€12,295 | -77.2% |
| Taxes, remuneration and social security | 45 | €27,675 | €8,061 | -€19,614 | -70.9% |
| Taxes | 450/3 | €27,675 | €8,061 | -€19,614 | -70.9% |
| Other amounts payable | 47/48 | €73,612 | €52,790 | -€20,822 | -28.3% |
| Remuneration, social security and pensions | 62 | €2,440 | €2,489 | +€49 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,534 | €24,872 | +€19,338 | +349.5% |
| Other operating charges | 640/8 | €3,807 | €2,560 | -€1,247 | -32.7% |
| Gross operating margin | 9900 | €105,924 | €97,855 | -€8,068 | -7.6% |
| Operating profit (loss) | 9901 | €94,143 | €67,934 | -€26,209 | -27.8% |
| Financial income | 75/76B | €2,578 | €3,134 | +€557 | +21.6% |
| Recurring financial income | 75 | €2,578 | €3,134 | +€557 | +21.6% |
| Financial charges | 65/66B | €3,603 | €3,478 | -€125 | -3.5% |
| Recurring financial charges | 65 | €3,603 | €3,478 | -€125 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €93,117 | €67,590 | -€25,527 | -27.4% |
| Income taxes | 67/77 | €19,505 | €14,800 | -€4,705 | -24.1% |
| Profit (loss) for the period | 9904 | €73,612 | €52,790 | -€20,822 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,612 | €52,790 | -€20,822 | -28.3% |
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 2 October 2026 via checked.be.