BRUUN: 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.
BRUUN
Largest movements
- Cash +€54,158
up €54,158 (+42.7%), from €126,724 to €180,882
mainly Depreciation (+€29,568) and Receivables within one year (+€15,745)
- Tangible fixed assets -€28,562
down €28,562 (-12.2%), from €234,327 to €205,765
of which Land and buildings: -€20,368
- Receivables within one year -€15,745
down €15,745 (-18.9%), from €83,363 to €67,618
of which Trade receivables: -€9,642
- Stocks and contracts -€14,278
down €14,278 (-20.8%), from €68,606 to €54,328
- Debts after one year -€15,115
down €15,115 (-9.1%), from €165,574 to €150,460
- Tax, wage and social debts +€11,622
up €11,622 (+110.3%), from €10,532 to €22,154
of which Taxes: +€7,495
- Reserves +€8,372
up €8,372 (+3.2%), from €265,144 to €273,516
- Other debts -€8,248
down €8,248 (-21.8%), from €37,819 to €29,571
- Gross operating margin -€9,558
down €9,558 (-11.0%), from €86,907 to €77,349
- Taxes -€4,493
down €4,493 (-49.8%), from €9,028 to €4,534
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 | €517,457 | €512,106 | -€5,351 | -1.0% |
| Fixed assets | 21/28 | €234,327 | €205,765 | -€28,562 | -12.2% |
| Tangible fixed assets | 22/27 | €234,327 | €205,765 | -€28,562 | -12.2% |
| Land and buildings | 22 | €208,824 | €188,456 | -€20,368 | -9.8% |
| Plant, machinery and equipment | 23 | €10,884 | €8,229 | -€2,655 | -24.4% |
| Furniture and vehicles | 24 | €14,619 | €9,080 | -€5,539 | -37.9% |
| Current assets | 29/58 | €283,130 | €306,341 | +€23,211 | +8.2% |
| Stocks and contracts in progress | 3 | €68,606 | €54,328 | -€14,278 | -20.8% |
| Stocks | 30/36 | €68,606 | €54,328 | -€14,278 | -20.8% |
| Amounts receivable within one year | 40/41 | €83,363 | €67,618 | -€15,745 | -18.9% |
| Trade receivables | 40 | €66,822 | €57,180 | -€9,642 | -14.4% |
| Other amounts receivable | 41 | €16,541 | €10,438 | -€6,103 | -36.9% |
| Cash at bank and in hand | 54/58 | €126,724 | €180,882 | +€54,158 | +42.7% |
| Deferred charges and accrued income | 490/1 | €4,438 | €3,514 | -€924 | -20.8% |
| Total equity and liabilities | 10/49 | €517,457 | €512,106 | -€5,351 | -1.0% |
| Equity | 10/15 | €283,744 | €292,116 | +€8,372 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,144 | €273,516 | +€8,372 | +3.2% |
| Distributable reserves | 133 | €265,144 | €273,516 | +€8,372 | +3.2% |
| Amounts payable | 17/49 | €233,713 | €219,990 | -€13,723 | -5.9% |
| Amounts payable after more than one year | 17 | €165,574 | €150,460 | -€15,115 | -9.1% |
| Financial debts | 170/4 | €165,574 | €150,460 | -€15,115 | -9.1% |
| Amounts payable within one year | 42/48 | €68,139 | €69,530 | +€1,391 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €14,902 | €15,115 | +€213 | +1.4% |
| Trade debts | 44 | €4,887 | €2,691 | -€2,196 | -44.9% |
| Suppliers | 440/4 | €4,887 | €2,691 | -€2,196 | -44.9% |
| Taxes, remuneration and social security | 45 | €10,532 | €22,154 | +€11,622 | +110.3% |
| Taxes | 450/3 | €7,038 | €14,533 | +€7,495 | +106.5% |
| Remuneration and social security | 454/9 | €3,494 | €7,621 | +€4,127 | +118.1% |
| Other amounts payable | 47/48 | €37,819 | €29,571 | -€8,248 | -21.8% |
| Remuneration, social security and pensions | 62 | €27,987 | €28,066 | +€80 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,583 | €29,568 | -€16 | -0.1% |
| Other operating charges | 640/8 | €1,680 | €1,677 | -€3 | -0.2% |
| Gross operating margin | 9900 | €86,907 | €77,349 | -€9,558 | -11.0% |
| Operating profit (loss) | 9901 | €27,657 | €18,038 | -€9,619 | -34.8% |
| Financial income | 75/76B | €48 | €45 | -€3 | -5.8% |
| Recurring financial income | 75 | €48 | €45 | -€3 | -5.8% |
| Financial charges | 65/66B | €4,807 | €4,343 | -€464 | -9.7% |
| Recurring financial charges | 65 | €4,807 | €4,343 | -€464 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €22,898 | €13,740 | -€9,158 | -40.0% |
| Income taxes | 67/77 | €9,028 | €4,534 | -€4,493 | -49.8% |
| Profit (loss) for the period | 9904 | €13,870 | €9,205 | -€4,665 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,870 | €9,205 | -€4,665 | -33.6% |
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 3 October 2026 via checked.be.