BRUTUS BRASSCHAAT: 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.
BRUTUS BRASSCHAAT
Largest movements
- Cash -€1.3m
down €1.3m (-97.2%), from €1.3m to €36,005
mainly Other debts (-€644,549) and Current investments (-€379,130)
- Current investments +€379,130
up €379,130 (+120%), from €316,072 to €695,202
- Receivables within one year +€64,782
new in 2024: €64,782
- Other debts -€644,549
down €644,549 (-21.9%), from €2.9m to €2.3m
- Tax, wage and social debts -€96,727
down €96,727 (-100%), from €96,727 to €0
- Profit (loss) carried forward -€85,147
down €85,147, from €55,837 to -€29,310
- Taxes +€82,310
up €82,310 (+418%), from €19,709 to €102,020
- Financial income -€55,771
down €55,771 (-65.4%), from €85,270 to €29,498
- Financial charges +€3,966
up €3,966 (+145%), from €2,740 to €6,705
- Other operating charges -€1,964
down €1,964 (-100%), from €1,964 to €0
- Gross operating margin -€900
down €900 (-17.9%), from -€5,020 to -€5,920
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,120,904 | €2,295,989 | -€824,915 | -26.4% |
| Fixed assets | 21/28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €1,620,904 | €795,989 | -€824,915 | -50.9% |
| Amounts receivable within one year | 40/41 | - | €64,782 | +€64,782 | |
| Other amounts receivable | 41 | - | €64,782 | +€64,782 | |
| Current investments | 50/53 | €316,072 | €695,202 | +€379,130 | +120% |
| Cash at bank and in hand | 54/58 | €1,304,832 | €36,005 | -€1.3m | -97.2% |
| Total equity and liabilities | 10/49 | €3,120,904 | €2,295,989 | -€824,915 | -26.4% |
| Equity | 10/15 | €75,837 | -€9,310 | -€85,147 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,837 | -€29,310 | -€85,147 | |
| Amounts payable | 17/49 | €3,045,067 | €2,305,299 | -€739,768 | -24.3% |
| Amounts payable within one year | 42/48 | €3,045,067 | €2,305,299 | -€739,768 | -24.3% |
| Trade debts | 44 | - | €1,509 | +€1,509 | |
| Suppliers | 440/4 | - | €1,509 | +€1,509 | |
| Taxes, remuneration and social security | 45 | €96,727 | €0 | -€96,727 | -100% |
| Taxes | 450/3 | €96,727 | €0 | -€96,727 | -100% |
| Other amounts payable | 47/48 | €2,948,339 | €2,303,790 | -€644,549 | -21.9% |
| Other operating charges | 640/8 | €1,964 | €0 | -€1,964 | -100% |
| Gross operating margin | 9900 | -€5,020 | -€5,920 | -€900 | -17.9% |
| Operating profit (loss) | 9901 | -€6,984 | -€5,920 | +€1,063 | +15.2% |
| Financial income | 75/76B | €85,270 | €29,498 | -€55,771 | -65.4% |
| Recurring financial income | 75 | €85,270 | €29,498 | -€55,771 | -65.4% |
| Financial charges | 65/66B | €2,740 | €6,705 | +€3,966 | +145% |
| Recurring financial charges | 65 | €2,740 | €6,705 | +€3,966 | +145% |
| Profit (loss) for the period before taxes | 9903 | €75,546 | €16,873 | -€58,674 | -77.7% |
| Income taxes | 67/77 | €19,709 | €102,020 | +€82,310 | +418% |
| Profit (loss) for the period | 9904 | €55,837 | -€85,147 | -€140,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,837 | -€85,147 | -€140,984 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.