BRUTL: 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.
BRUTL
Largest movements
- Cash -€29,692
down €29,692 (-50.7%), from €58,597 to €28,905
mainly Contributions, distributions and other (-€80,000) and Debts after one year (-€18,190)
- Tangible fixed assets -€22,184
down €22,184 (-96.1%), from €23,072 to €888
- Receivables after one year +€10,000
new in 2025: €10,000
- Receivables within one year -€2,278
down €2,278 (-11.6%), from €19,606 to €17,328
of which Other amounts receivable: -€4,496
- Reserves -€76,265
down €76,265 (-88.2%), from €86,489 to €10,224
- Other debts +€41,751
up €41,751 (+902.6%), from €4,626 to €46,376
- Debts after one year -€18,190
down €18,190 (-75.4%), from €24,139 to €5,949
- Tax, wage and social debts +€7,178
new in 2025: €7,178
- Gross operating margin +€20,148
up €20,148 (+178.8%), from €11,268 to €31,417
- Financial income -€17,500
no longer reported in 2025 (was €17,500)
- Depreciation +€2,488
up €2,488 (+81.7%), from €3,046 to €5,534
- Taxes -€865
down €865 (-37.0%), from €2,335 to €1,470
- Other operating charges +€699
up €699 (+80.6%), from €868 to €1,567
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 | €136,377 | €92,948 | -€43,429 | -31.8% |
| Fixed assets | 21/28 | €58,072 | €35,888 | -€22,184 | -38.2% |
| Tangible fixed assets | 22/27 | €23,072 | €888 | -€22,184 | -96.1% |
| Plant, machinery and equipment | 23 | €23,072 | €888 | -€22,184 | -96.1% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €78,305 | €57,059 | -€21,246 | -27.1% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Trade receivables | 290 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €19,606 | €17,328 | -€2,278 | -11.6% |
| Trade receivables | 40 | €7,580 | €9,798 | +€2,218 | +29.3% |
| Other amounts receivable | 41 | €12,026 | €7,530 | -€4,496 | -37.4% |
| Cash at bank and in hand | 54/58 | €58,597 | €28,905 | -€29,692 | -50.7% |
| Deferred charges and accrued income | 490/1 | €102 | €826 | +€725 | +713.8% |
| Total equity and liabilities | 10/49 | €136,377 | €92,948 | -€43,429 | -31.8% |
| Equity | 10/15 | €87,489 | €11,224 | -€76,265 | -87.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €86,489 | €10,224 | -€76,265 | -88.2% |
| Distributable reserves | 133 | €86,489 | €10,224 | -€76,265 | -88.2% |
| Amounts payable | 17/49 | €48,888 | €81,724 | +€32,836 | +67.2% |
| Amounts payable after more than one year | 17 | €24,139 | €5,949 | -€18,190 | -75.4% |
| Financial debts | 170/4 | €24,139 | €5,949 | -€18,190 | -75.4% |
| Amounts payable within one year | 42/48 | €24,749 | €75,775 | +€51,026 | +206.2% |
| Current portion of amounts payable after more than one year | 42 | €18,068 | €19,007 | +€939 | +5.2% |
| Trade debts | 44 | €1,555 | €2,713 | +€1,158 | +74.5% |
| Suppliers | 440/4 | €1,555 | €2,713 | +€1,158 | +74.5% |
| Advances received on contracts in progress | 46 | €500 | €500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €7,178 | +€7,178 | |
| Taxes | 450/3 | - | €7,178 | +€7,178 | |
| Other amounts payable | 47/48 | €4,626 | €46,376 | +€41,751 | +902.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,046 | €5,534 | +€2,488 | +81.7% |
| Other operating charges | 640/8 | €868 | €1,567 | +€699 | +80.6% |
| Non-recurring operating charges | 66A | - | €17,848 | +€17,848 | |
| Gross operating margin | 9900 | €11,268 | €31,417 | +€20,148 | +178.8% |
| Operating profit (loss) | 9901 | €7,355 | €6,468 | -€887 | -12.1% |
| Financial income | 75/76B | €17,500 | - | -€17,500 | |
| Recurring financial income | 75 | €17,500 | - | -€17,500 | |
| Financial charges | 65/66B | €815 | €1,263 | +€448 | +55.0% |
| Recurring financial charges | 65 | €815 | €1,263 | +€448 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €24,040 | €5,205 | -€18,835 | -78.3% |
| Income taxes | 67/77 | €2,335 | €1,470 | -€865 | -37.0% |
| Profit (loss) for the period | 9904 | €21,705 | €3,735 | -€17,970 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,705 | €3,735 | -€17,970 | -82.8% |
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 3 October 2026 via checked.be.