BRUUT: 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.
BRUUT
Largest movements
- Receivables within one year +€33,302
up €33,302 (+37.3%), from €89,270 to €122,572
of which Other amounts receivable: +€26,976
- Tangible fixed assets -€33,205
down €33,205 (-14.5%), from €228,511 to €195,306
of which Plant, machinery and equipment: -€23,694
- Cash +€16,935
up €16,935 (+316.2%), from €5,355 to €22,290
mainly Depreciation (+€34,735) and Net result for the year (+€29,583)
- Reserves +€58,435
up €58,435 (+69.5%), from €84,129 to €142,564
- Debts after one year -€29,662
down €29,662 (-38.3%), from €77,524 to €47,862
- Profit (loss) carried forward -€28,853
down €28,853 (-100.0%), from €28,853 to €0
- Current portion of long-term debt -€28,601
down €28,601 (-49.1%), from €58,262 to €29,661
- Trade debts +€28,174
up €28,174 (+84.4%), from €33,389 to €61,563
- Gross operating margin +€6,440
up €6,440 (+3.1%), from €206,094 to €212,534
- Staff costs +€4,167
up €4,167 (+3.5%), from €117,860 to €122,027
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 | €328,072 | €343,568 | +€15,496 | +4.7% |
| Fixed assets | 21/28 | €228,511 | €195,306 | -€33,205 | -14.5% |
| Tangible fixed assets | 22/27 | €228,511 | €195,306 | -€33,205 | -14.5% |
| Land and buildings | 22 | €132,368 | €122,343 | -€10,025 | -7.6% |
| Plant, machinery and equipment | 23 | €94,360 | €70,666 | -€23,694 | -25.1% |
| Furniture and vehicles | 24 | €1,783 | €2,297 | +€514 | +28.8% |
| Current assets | 29/58 | €99,561 | €148,262 | +€48,701 | +48.9% |
| Stocks and contracts in progress | 3 | €3,723 | €2,848 | -€875 | -23.5% |
| Stocks | 30/36 | €3,723 | €2,848 | -€875 | -23.5% |
| Amounts receivable within one year | 40/41 | €89,270 | €122,572 | +€33,302 | +37.3% |
| Trade receivables | 40 | €731 | €7,057 | +€6,326 | +865.4% |
| Other amounts receivable | 41 | €88,539 | €115,515 | +€26,976 | +30.5% |
| Cash at bank and in hand | 54/58 | €5,355 | €22,290 | +€16,935 | +316.2% |
| Deferred charges and accrued income | 490/1 | €1,213 | €552 | -€661 | -54.5% |
| Total equity and liabilities | 10/49 | €328,072 | €343,568 | +€15,496 | +4.7% |
| Equity | 10/15 | €132,982 | €162,564 | +€29,582 | +22.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €84,129 | €142,564 | +€58,435 | +69.5% |
| Distributable reserves | 133 | €84,129 | €142,564 | +€58,435 | +69.5% |
| Profit (loss) carried forward | 14 | €28,853 | €0 | -€28,853 | -100.0% |
| Amounts payable | 17/49 | €195,090 | €181,003 | -€14,087 | -7.2% |
| Amounts payable after more than one year | 17 | €77,524 | €47,862 | -€29,662 | -38.3% |
| Financial debts | 170/4 | €77,524 | €47,862 | -€29,662 | -38.3% |
| Amounts payable within one year | 42/48 | €113,265 | €127,348 | +€14,083 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €58,262 | €29,661 | -€28,601 | -49.1% |
| Financial debts | 43 | €15,716 | €19,615 | +€3,899 | +24.8% |
| Credit institutions | 430/8 | €15,716 | €19,615 | +€3,899 | +24.8% |
| Trade debts | 44 | €33,389 | €61,563 | +€28,174 | +84.4% |
| Suppliers | 440/4 | €33,389 | €61,563 | +€28,174 | +84.4% |
| Taxes, remuneration and social security | 45 | €5,898 | €16,509 | +€10,611 | +179.9% |
| Taxes | 450/3 | €4,064 | €14,328 | +€10,264 | +252.6% |
| Remuneration and social security | 454/9 | €1,834 | €2,181 | +€347 | +18.9% |
| Accrued charges and deferred income | 492/3 | €4,301 | €5,793 | +€1,492 | +34.7% |
| Remuneration, social security and pensions | 62 | €117,860 | €122,027 | +€4,167 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,473 | €34,735 | -€738 | -2.1% |
| Gross operating margin | 9900 | €206,094 | €212,534 | +€6,440 | +3.1% |
| Operating profit (loss) | 9901 | €52,761 | €55,772 | +€3,011 | +5.7% |
| Financial charges | 65/66B | €10,776 | €11,925 | +€1,149 | +10.7% |
| Recurring financial charges | 65 | €10,776 | €11,925 | +€1,149 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €41,985 | €43,847 | +€1,862 | +4.4% |
| Income taxes | 67/77 | €13,132 | €14,264 | +€1,132 | +8.6% |
| Profit (loss) for the period | 9904 | €28,853 | €29,583 | +€730 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,853 | €29,583 | +€730 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.