BRUTTI: 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.
BRUTTI
Largest movements
- Cash +€19,210
up €19,210 (+64.3%), from €29,860 to €49,071
mainly Net result for the year (+€13,373) and Depreciation (+€9,590)
- Tangible fixed assets -€9,174
down €9,174 (-21.5%), from €42,658 to €33,484
of which Furniture and vehicles: -€7,208
- Receivables within one year +€3,166
up €3,166 (+270.6%), from €1,170 to €4,336
of which Trade receivables: +€3,101
- Profit (loss) carried forward +€13,373
up €13,373 (+119.5%), from €11,187 to €24,560
- Other debts +€6,520
up €6,520 (+131.0%), from €4,979 to €11,499
- Trade debts -€4,926
down €4,926 (-64.2%), from €7,668 to €2,741
- Accrued charges and deferred income -€3,410
no longer reported in 2025 (was €3,410)
- Tax, wage and social debts +€1,170
up €1,170 (+31.7%), from €3,697 to €4,867
- Gross operating margin +€5,417
up €5,417 (+23.2%), from €23,365 to €28,782
- Depreciation +€2,495
up €2,495 (+35.2%), from €7,095 to €9,590
- Taxes +€889
up €889 (+30.2%), from €2,944 to €3,832
- Financial charges +€610
up €610 (+72.6%), from €840 to €1,450
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 | €76,941 | €89,918 | +€12,977 | +16.9% |
| Formation expenses | 20 | €1,389 | €972 | -€417 | -30.0% |
| Fixed assets | 21/28 | €42,658 | €33,484 | -€9,174 | -21.5% |
| Tangible fixed assets | 22/27 | €42,658 | €33,484 | -€9,174 | -21.5% |
| Plant, machinery and equipment | 23 | €3,348 | €2,288 | -€1,060 | -31.7% |
| Furniture and vehicles | 24 | €30,432 | €23,224 | -€7,208 | -23.7% |
| Other tangible fixed assets | 26 | €8,878 | €7,973 | -€906 | -10.2% |
| Current assets | 29/58 | €32,894 | €55,462 | +€22,568 | +68.6% |
| Stocks and contracts in progress | 3 | €1,493 | €1,582 | +€89 | +6.0% |
| Stocks | 30/36 | €1,493 | €1,582 | +€89 | +6.0% |
| Amounts receivable within one year | 40/41 | €1,170 | €4,336 | +€3,166 | +270.6% |
| Trade receivables | 40 | €1,170 | €4,271 | +€3,101 | +265.1% |
| Other amounts receivable | 41 | - | €65 | +€65 | |
| Cash at bank and in hand | 54/58 | €29,860 | €49,071 | +€19,210 | +64.3% |
| Deferred charges and accrued income | 490/1 | €371 | €472 | +€102 | +27.5% |
| Total equity and liabilities | 10/49 | €76,941 | €89,918 | +€12,977 | +16.9% |
| Equity | 10/15 | €17,187 | €30,560 | +€13,373 | +77.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,187 | €24,560 | +€13,373 | +119.5% |
| Amounts payable | 17/49 | €59,754 | €59,358 | -€396 | -0.7% |
| Amounts payable after more than one year | 17 | €40,000 | €40,250 | +€250 | +0.6% |
| Trade debts | 175 | - | €250 | +€250 | |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,344 | €19,108 | +€2,764 | +16.9% |
| Trade debts | 44 | €7,668 | €2,741 | -€4,926 | -64.2% |
| Suppliers | 440/4 | €7,668 | €2,741 | -€4,926 | -64.2% |
| Taxes, remuneration and social security | 45 | €3,697 | €4,867 | +€1,170 | +31.7% |
| Taxes | 450/3 | €3,697 | €4,867 | +€1,170 | +31.7% |
| Other amounts payable | 47/48 | €4,979 | €11,499 | +€6,520 | +131.0% |
| Accrued charges and deferred income | 492/3 | €3,410 | - | -€3,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,095 | €9,590 | +€2,495 | +35.2% |
| Other operating charges | 640/8 | €542 | €557 | +€15 | +2.8% |
| Non-recurring operating charges | 66A | €320 | - | -€320 | |
| Gross operating margin | 9900 | €23,365 | €28,782 | +€5,417 | +23.2% |
| Operating profit (loss) | 9901 | €15,408 | €18,635 | +€3,227 | +20.9% |
| Financial income | 75/76B | €127 | €21 | -€106 | -83.4% |
| Recurring financial income | 75 | €127 | €21 | -€106 | -83.4% |
| Financial charges | 65/66B | €840 | €1,450 | +€610 | +72.6% |
| Recurring financial charges | 65 | €840 | €1,450 | +€610 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €14,694 | €17,206 | +€2,512 | +17.1% |
| Income taxes | 67/77 | €2,944 | €3,832 | +€889 | +30.2% |
| Profit (loss) for the period | 9904 | €11,750 | €13,373 | +€1,623 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,750 | €13,373 | +€1,623 | +13.8% |
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.