Brutec: 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.
Brutec
Largest movements
- Receivables within one year -€326,623
down €326,623 (-66.0%), from €494,995 to €168,372
of which Trade receivables: -€292,568
- Stocks and contracts +€97,283
up €97,283 (+415.8%), from €23,395 to €120,678
of which Contracts in progress: +€100,112
- Tangible fixed assets -€24,976
down €24,976 (-12.8%), from €194,575 to €169,600
of which Furniture and vehicles: -€16,455
- Cash +€11,580
up €11,580 (+315.9%), from €3,665 to €15,245
mainly Receivables within one year (+€326,623) and Net result for the year (+€44,508)
- Current investments +€10,000
new in 2025: €10,000
- Trade debts -€153,709
down €153,709 (-66.4%), from €231,532 to €77,823
- Other debts -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Reserves +€44,508
up €44,508 (+22.4%), from €198,292 to €242,800
- Short-term financial debts -€39,542
down €39,542 (-68.3%), from €57,875 to €18,333
- Debts after one year -€30,931
down €30,931 (-23.3%), from €132,620 to €101,689
- Write-downs +€43,937
up €43,937, from €0 to €43,937
- Gross operating margin -€35,292
down €35,292 (-19.0%), from €185,810 to €150,518
- Taxes -€11,851
down €11,851 (-36.8%), from €32,186 to €20,335
- Depreciation -€3,969
down €3,969 (-10.6%), from €37,599 to €33,630
- Financial income -€2,234
down €2,234 (-37.1%), from €6,015 to €3,781
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 | €720,461 | €496,295 | -€224,166 | -31.1% |
| Fixed assets | 21/28 | €194,575 | €169,600 | -€24,976 | -12.8% |
| Tangible fixed assets | 22/27 | €194,575 | €169,600 | -€24,976 | -12.8% |
| Land and buildings | 22 | €104,214 | €99,336 | -€4,877 | -4.7% |
| Plant, machinery and equipment | 23 | €6,334 | €4,133 | -€2,201 | -34.7% |
| Furniture and vehicles | 24 | €81,219 | €64,764 | -€16,455 | -20.3% |
| Other tangible fixed assets | 26 | €2,809 | €1,366 | -€1,443 | -51.4% |
| Current assets | 29/58 | €525,886 | €326,696 | -€199,190 | -37.9% |
| Stocks and contracts in progress | 3 | €23,395 | €120,678 | +€97,283 | +415.8% |
| Stocks | 30/36 | €23,395 | €20,566 | -€2,829 | -12.1% |
| Contracts in progress | 37 | €0 | €100,112 | +€100,112 | |
| Amounts receivable within one year | 40/41 | €494,995 | €168,372 | -€326,623 | -66.0% |
| Trade receivables | 40 | €424,403 | €131,836 | -€292,568 | -68.9% |
| Other amounts receivable | 41 | €70,592 | €36,537 | -€34,055 | -48.2% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €3,665 | €15,245 | +€11,580 | +315.9% |
| Deferred charges and accrued income | 490/1 | €3,830 | €12,400 | +€8,571 | +223.8% |
| Total equity and liabilities | 10/49 | €720,461 | €496,295 | -€224,166 | -31.1% |
| Equity | 10/15 | €216,842 | €261,350 | +€44,508 | +20.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €198,292 | €242,800 | +€44,508 | +22.4% |
| Distributable reserves | 133 | €198,292 | €242,800 | +€44,508 | +22.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €503,619 | €234,946 | -€268,674 | -53.3% |
| Amounts payable after more than one year | 17 | €132,620 | €101,689 | -€30,931 | -23.3% |
| Financial debts | 170/4 | €132,620 | €101,689 | -€30,931 | -23.3% |
| Amounts payable within one year | 42/48 | €370,889 | €132,924 | -€237,966 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €34,100 | €30,931 | -€3,169 | -9.3% |
| Financial debts | 43 | €57,875 | €18,333 | -€39,542 | -68.3% |
| Credit institutions | 430/8 | €57,875 | €18,333 | -€39,542 | -68.3% |
| Trade debts | 44 | €231,532 | €77,823 | -€153,709 | -66.4% |
| Suppliers | 440/4 | €231,532 | €77,823 | -€153,709 | -66.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,382 | €5,836 | +€3,453 | +145.0% |
| Taxes | 450/3 | €2,382 | €5,836 | +€3,453 | +145.0% |
| Other amounts payable | 47/48 | €45,000 | €0 | -€45,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €110 | €333 | +€224 | +204.3% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,599 | €33,630 | -€3,969 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €43,937 | +€43,937 | |
| Other operating charges | 640/8 | €3,644 | €3,388 | -€256 | -7.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €185,810 | €150,518 | -€35,292 | -19.0% |
| Operating profit (loss) | 9901 | €144,567 | €69,563 | -€75,004 | -51.9% |
| Financial income | 75/76B | €6,015 | €3,781 | -€2,234 | -37.1% |
| Recurring financial income | 75 | €6,015 | €3,781 | -€2,234 | -37.1% |
| Financial charges | 65/66B | €8,750 | €8,502 | -€248 | -2.8% |
| Recurring financial charges | 65 | €8,750 | €8,502 | -€248 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €141,833 | €64,843 | -€76,990 | -54.3% |
| Income taxes | 67/77 | €32,186 | €20,335 | -€11,851 | -36.8% |
| Profit (loss) for the period | 9904 | €109,646 | €44,508 | -€65,139 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,646 | €44,508 | -€65,139 | -59.4% |
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 10 October 2026 via checked.be.