Brutus Group: 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 Group
Largest movements
- Receivables within one year +€55,519
up €55,519 (+711%), from €7,814 to €63,333
of which Other amounts receivable: +€46,537
- Cash +€7,594
up €7,594 (+31.3%), from €24,238 to €31,831
mainly Net result for the year (+€50,580) and Tax, wage and social debts (+€15,984)
- Reserves +€50,580
up €50,580 (+241%), from €20,949 to €71,528
- Tax, wage and social debts +€15,984
up €15,984 (+244%), from €6,548 to €22,532
- Other debts -€1,465
down €1,465 (-100%), from €1,465 to €0
- Gross operating margin +€40,168
up €40,168 (+123%), from €32,584 to €72,752
- Taxes +€13,235
up €13,235 (+164%), from €8,080 to €21,315
- Financial charges -€1,834
down €1,834 (-51.6%), from €3,556 to €1,722
- Financial income +€936
new in 2025: €936
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.
Derived cash bridge
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 | €35,244 | €99,366 | +€64,121 | +182% |
| Fixed assets | 21/28 | - | €792 | +€792 | |
| Tangible fixed assets | 22/27 | - | €792 | +€792 | |
| Furniture and vehicles | 24 | - | €792 | +€792 | |
| Current assets | 29/58 | €35,244 | €98,573 | +€63,329 | +180% |
| Stocks and contracts in progress | 3 | €3,193 | €2,826 | -€367 | -11.5% |
| Stocks | 30/36 | €3,193 | €2,826 | -€367 | -11.5% |
| Amounts receivable within one year | 40/41 | €7,814 | €63,333 | +€55,519 | +711% |
| Trade receivables | 40 | €7,168 | €16,150 | +€8,983 | +125% |
| Other amounts receivable | 41 | €646 | €47,183 | +€46,537 | +7,204% |
| Cash at bank and in hand | 54/58 | €24,238 | €31,831 | +€7,594 | +31.3% |
| Deferred charges and accrued income | 490/1 | - | €583 | +€583 | |
| Total equity and liabilities | 10/49 | €35,244 | €99,366 | +€64,121 | +182% |
| Equity | 10/15 | €24,949 | €75,528 | +€50,580 | +203% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €20,949 | €71,528 | +€50,580 | +241% |
| Distributable reserves | 133 | €20,949 | €71,528 | +€50,580 | +241% |
| Amounts payable | 17/49 | €10,296 | €23,837 | +€13,542 | +132% |
| Amounts payable within one year | 42/48 | €10,296 | €23,837 | +€13,542 | +132% |
| Trade debts | 44 | €2,283 | €1,306 | -€978 | -42.8% |
| Suppliers | 440/4 | €2,283 | €1,306 | -€978 | -42.8% |
| Taxes, remuneration and social security | 45 | €6,548 | €22,532 | +€15,984 | +244% |
| Taxes | 450/3 | €6,548 | €22,532 | +€15,984 | +244% |
| Other amounts payable | 47/48 | €1,465 | €0 | -€1,465 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7 | +€7 | |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €32,584 | €72,752 | +€40,168 | +123% |
| Operating profit (loss) | 9901 | €32,584 | €72,680 | +€40,095 | +123% |
| Financial income | 75/76B | - | €936 | +€936 | |
| Recurring financial income | 75 | - | €936 | +€936 | |
| Financial charges | 65/66B | €3,556 | €1,722 | -€1,834 | -51.6% |
| Recurring financial charges | 65 | €3,556 | €1,722 | -€1,834 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €29,028 | €71,894 | +€42,866 | +148% |
| Income taxes | 67/77 | €8,080 | €21,315 | +€13,235 | +164% |
| Profit (loss) for the period | 9904 | €20,949 | €50,580 | +€29,631 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €20,949 | €50,580 | +€29,631 | +141% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.