BRUTOIT: 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.
BRUTOIT
Largest movements
- Receivables within one year +€136,581
up €136,581 (+316.2%), from €43,189 to €179,770
of which Trade receivables: +€141,028
- Tangible fixed assets -€60,741
down €60,741 (-11.3%), from €536,587 to €475,845
- Cash +€42,111
up €42,111 (+61.5%), from €68,467 to €110,578
mainly Depreciation (+€64,135) and Trade debts (+€46,644)
- Stocks and contracts -€34,261
down €34,261 (-90.6%), from €37,801 to €3,540
- Trade debts +€46,644
up €46,644 (+48.7%), from €95,830 to €142,474
- Provisions +€40,394
up €40,394 (+58.6%), from €68,906 to €109,300
of which Provisions for liabilities and charges: +€47,592
- Debts after one year -€28,268
down €28,268 (-35.9%), from €78,683 to €50,414
- Tax, wage and social debts +€21,134
up €21,134 (+650.3%), from €3,250 to €24,384
of which Remuneration and social security: +€15,769
- Advances received +€19,766
new in 2025: €19,766
- Gross operating margin +€145,274
up €145,274 (+52.7%), from €275,891 to €421,165
- Staff costs +€64,653
up €64,653 (+26.8%), from €240,849 to €305,502
- Provisions +€47,592
new in 2025: €47,592
- Taxes +€15,198
up €15,198 (+1601.1%), from €949 to €16,147
- Depreciation +€5,879
up €5,879 (+10.1%), from €58,256 to €64,135
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 | €703,441 | €783,578 | +€80,138 | +11.4% |
| Fixed assets | 21/28 | €536,761 | €475,920 | -€60,841 | -11.3% |
| Tangible fixed assets | 22/27 | €536,587 | €475,845 | -€60,741 | -11.3% |
| Land and buildings | 22 | €307,325 | €288,088 | -€19,238 | -6.3% |
| Plant, machinery and equipment | 23 | €149,670 | €127,170 | -€22,500 | -15.0% |
| Furniture and vehicles | 24 | €79,592 | €60,588 | -€19,004 | -23.9% |
| Financial fixed assets | 28 | €174 | €74 | -€100 | -57.3% |
| Current assets | 29/58 | €166,680 | €307,659 | +€140,979 | +84.6% |
| Stocks and contracts in progress | 3 | €37,801 | €3,540 | -€34,261 | -90.6% |
| Stocks | 30/36 | €37,801 | €3,540 | -€34,261 | -90.6% |
| Amounts receivable within one year | 40/41 | €43,189 | €179,770 | +€136,581 | +316.2% |
| Trade receivables | 40 | €22,943 | €163,970 | +€141,028 | +614.7% |
| Other amounts receivable | 41 | €20,247 | €15,800 | -€4,447 | -22.0% |
| Cash at bank and in hand | 54/58 | €68,467 | €110,578 | +€42,111 | +61.5% |
| Deferred charges and accrued income | 490/1 | €17,222 | €13,771 | -€3,451 | -20.0% |
| Total equity and liabilities | 10/49 | €703,441 | €783,578 | +€80,138 | +11.4% |
| Equity | 10/15 | €416,776 | €408,566 | -€8,210 | -2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €247,218 | €239,623 | -€7,595 | -3.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €206,718 | €185,123 | -€21,595 | -10.4% |
| Distributable reserves | 133 | €34,300 | €48,300 | +€14,000 | +40.8% |
| Profit (loss) carried forward | 14 | €95,150 | €95,306 | +€155 | +0.2% |
| Investment grants | 15 | €12,407 | €11,638 | -€770 | -6.2% |
| Provisions and deferred taxes | 16 | €68,906 | €109,300 | +€40,394 | +58.6% |
| Provisions for liabilities and charges | 160/5 | - | €47,592 | +€47,592 | |
| Other liabilities and charges | 164/5 | - | €47,592 | +€47,592 | |
| Deferred taxes | 168 | €68,906 | €61,708 | -€7,198 | -10.4% |
| Amounts payable | 17/49 | €217,759 | €265,712 | +€47,954 | +22.0% |
| Amounts payable after more than one year | 17 | €78,683 | €50,414 | -€28,268 | -35.9% |
| Financial debts | 170/4 | €78,683 | €50,414 | -€28,268 | -35.9% |
| Amounts payable within one year | 42/48 | €139,076 | €215,298 | +€76,222 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €27,848 | €28,268 | +€420 | +1.5% |
| Trade debts | 44 | €95,830 | €142,474 | +€46,644 | +48.7% |
| Suppliers | 440/4 | €95,830 | €142,474 | +€46,644 | +48.7% |
| Advances received on contracts in progress | 46 | - | €19,766 | +€19,766 | |
| Taxes, remuneration and social security | 45 | €3,250 | €24,384 | +€21,134 | +650.3% |
| Taxes | 450/3 | €1,326 | €6,691 | +€5,365 | +404.5% |
| Remuneration and social security | 454/9 | €1,924 | €17,693 | +€15,769 | +819.8% |
| Other amounts payable | 47/48 | €12,148 | €406 | -€11,742 | -96.7% |
| Non-recurring operating income | 76A | €10,348 | €16,500 | +€6,152 | +59.5% |
| Remuneration, social security and pensions | 62 | €240,849 | €305,502 | +€64,653 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,256 | €64,135 | +€5,879 | +10.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €47,592 | +€47,592 | |
| Other operating charges | 640/8 | €5,141 | €4,338 | -€803 | -15.6% |
| Gross operating margin | 9900 | €275,891 | €421,165 | +€145,274 | +52.7% |
| Operating profit (loss) | 9901 | -€28,355 | -€403 | +€27,952 | +98.6% |
| Financial income | 75/76B | €4,284 | €5,447 | +€1,163 | +27.1% |
| Recurring financial income | 75 | €4,284 | €5,447 | +€1,163 | +27.1% |
| Financial charges | 65/66B | €2,761 | €2,916 | +€155 | +5.6% |
| Recurring financial charges | 65 | €2,761 | €2,916 | +€155 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,831 | €2,129 | +€28,960 | |
| Transfer from deferred taxes | 780 | €8,906 | €5,502 | -€3,404 | -38.2% |
| Income taxes | 67/77 | €949 | €16,147 | +€15,198 | +1601.1% |
| Profit (loss) for the period | 9904 | -€18,874 | -€8,517 | +€10,357 | +54.9% |
| Transfer from tax-exempt reserves | 789 | €26,718 | €16,506 | -€10,213 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,844 | €7,989 | +€145 | +1.8% |
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 8 October 2026 via checked.be.