BRUTUS: 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.
BRUTUS
Largest movements
- Cash +€32,887
up €32,887 (+77.0%), from €42,699 to €75,586
mainly Other debts (+€45,359) and Accrued charges and deferred income (+€24,534)
- Tangible fixed assets -€4,769
down €4,769 (-15.9%), from €29,971 to €25,202
of which Furniture and vehicles: -€7,232
- Receivables within one year +€2,032
up €2,032 (+28.8%), from €7,064 to €9,096
of which Trade receivables: +€4,864
- Other debts +€45,359
up €45,359 (+1811.1%), from €2,504 to €47,863
- Profit (loss) carried forward -€42,960
no longer reported in 2025 (was €42,960)
- Accrued charges and deferred income +€24,534
new in 2025: €24,534
- Tax, wage and social debts +€13,803
up €13,803 (+613.5%), from €2,250 to €16,053
- Debts after one year -€11,074
down €11,074 (-62.6%), from €17,697 to €6,623
- Gross operating margin +€295,038
up €295,038 (+178.6%), from €165,206 to €460,245
- Other operating charges +€279,480
up €279,480 (+191.8%), from €145,732 to €425,213
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 | €79,734 | €109,985 | +€30,251 | +37.9% |
| Fixed assets | 21/28 | €29,971 | €25,202 | -€4,769 | -15.9% |
| Tangible fixed assets | 22/27 | €29,971 | €25,202 | -€4,769 | -15.9% |
| Plant, machinery and equipment | 23 | - | €2,463 | +€2,463 | |
| Furniture and vehicles | 24 | €29,971 | €22,738 | -€7,232 | -24.1% |
| Current assets | 29/58 | €49,764 | €84,783 | +€35,020 | +70.4% |
| Amounts receivable within one year | 40/41 | €7,064 | €9,096 | +€2,032 | +28.8% |
| Trade receivables | 40 | €787 | €5,651 | +€4,864 | +618.5% |
| Other amounts receivable | 41 | €6,278 | €3,446 | -€2,832 | -45.1% |
| Cash at bank and in hand | 54/58 | €42,699 | €75,586 | +€32,887 | +77.0% |
| Deferred charges and accrued income | 490/1 | - | €101 | +€101 | |
| Total equity and liabilities | 10/49 | €79,734 | €109,985 | +€30,251 | +37.9% |
| Equity | 10/15 | €43,960 | €1,000 | -€42,960 | -97.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,960 | - | -€42,960 | |
| Amounts payable | 17/49 | €35,774 | €108,985 | +€73,211 | +204.6% |
| Amounts payable after more than one year | 17 | €17,697 | €6,623 | -€11,074 | -62.6% |
| Financial debts | 170/4 | €17,697 | €6,623 | -€11,074 | -62.6% |
| Amounts payable within one year | 42/48 | €18,077 | €77,828 | +€59,751 | +330.5% |
| Current portion of amounts payable after more than one year | 42 | €10,730 | €11,074 | +€344 | +3.2% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €2,587 | €2,838 | +€251 | +9.7% |
| Suppliers | 440/4 | €2,587 | €2,838 | +€251 | +9.7% |
| Taxes, remuneration and social security | 45 | €2,250 | €16,053 | +€13,803 | +613.5% |
| Taxes | 450/3 | €2,250 | €16,053 | +€13,803 | +613.5% |
| Other amounts payable | 47/48 | €2,504 | €47,863 | +€45,359 | +1811.1% |
| Accrued charges and deferred income | 492/3 | - | €24,534 | +€24,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,832 | €13,610 | +€1,778 | +15.0% |
| Other operating charges | 640/8 | €145,732 | €425,213 | +€279,480 | +191.8% |
| Gross operating margin | 9900 | €165,206 | €460,245 | +€295,038 | +178.6% |
| Operating profit (loss) | 9901 | €7,642 | €21,422 | +€13,780 | +180.3% |
| Financial income | 75/76B | €10 | €5 | -€5 | -49.3% |
| Recurring financial income | 75 | €10 | €5 | -€5 | -49.3% |
| Financial charges | 65/66B | €1,436 | €1,151 | -€285 | -19.9% |
| Recurring financial charges | 65 | €1,436 | €1,151 | -€285 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €6,216 | €20,276 | +€14,060 | +226.2% |
| Income taxes | 67/77 | €901 | €5,207 | +€4,306 | +477.8% |
| Profit (loss) for the period | 9904 | €5,315 | €15,069 | +€9,754 | +183.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,315 | €15,069 | +€9,754 | +183.5% |
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 5 October 2026 via checked.be.