BRUUZ: 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.
BRUUZ
Largest movements
- Cash +€103,492
up €103,492 (+106.0%), from €97,593 to €201,085
mainly Other debts (+€108,071) and Depreciation (+€74,918)
- Tangible fixed assets +€64,609
up €64,609 (+28.6%), from €226,221 to €290,831
of which Other tangible fixed assets: +€125,098
- Receivables within one year -€10,107
down €10,107 (-5.2%), from €194,849 to €184,742
of which Other amounts receivable: -€8,226
- Deferred charges and accrued income -€9,293
no longer reported in 2025 (was €9,293)
- Other debts +€108,071
new in 2025: €108,071
- Debts after one year +€50,353
up €50,353 (+39.8%), from €126,568 to €176,922
- Reserves -€41,861
down €41,861 (-19.6%), from €213,458 to €171,598
of which Distributable reserves: -€41,861
- Current portion of long-term debt +€15,801
up €15,801 (+36.3%), from €43,531 to €59,332
- Trade debts +€8,933
up €8,933 (+9.6%), from €92,826 to €101,758
- Gross operating margin +€66,135
up €66,135 (+17.0%), from €388,497 to €454,632
- Taxes +€32,955
up €32,955 (+13643.3%), from €242 to €33,197
- Depreciation +€10,212
up €10,212 (+15.8%), from €64,706 to €74,918
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 | €540,317 | €688,839 | +€148,522 | +27.5% |
| Fixed assets | 21/28 | €226,221 | €290,831 | +€64,609 | +28.6% |
| Tangible fixed assets | 22/27 | €226,221 | €290,831 | +€64,609 | +28.6% |
| Land and buildings | 22 | €50,839 | €41,694 | -€9,145 | -18.0% |
| Plant, machinery and equipment | 23 | €46,413 | €27,327 | -€19,087 | -41.1% |
| Furniture and vehicles | 24 | €113,016 | €80,758 | -€32,258 | -28.5% |
| Other tangible fixed assets | 26 | €15,953 | €141,051 | +€125,098 | +784.2% |
| Current assets | 29/58 | €314,095 | €398,008 | +€83,913 | +26.7% |
| Stocks and contracts in progress | 3 | €12,360 | €12,181 | -€179 | -1.5% |
| Stocks | 30/36 | €12,360 | €12,181 | -€179 | -1.5% |
| Amounts receivable within one year | 40/41 | €194,849 | €184,742 | -€10,107 | -5.2% |
| Trade receivables | 40 | €3,853 | €1,972 | -€1,881 | -48.8% |
| Other amounts receivable | 41 | €190,996 | €182,770 | -€8,226 | -4.3% |
| Cash at bank and in hand | 54/58 | €97,593 | €201,085 | +€103,492 | +106.0% |
| Deferred charges and accrued income | 490/1 | €9,293 | - | -€9,293 | |
| Total equity and liabilities | 10/49 | €540,317 | €688,839 | +€148,522 | +27.5% |
| Equity | 10/15 | €248,058 | €206,198 | -€41,861 | -16.9% |
| Contributions | 10/11 | €34,600 | €34,600 | = | 0.0% |
| Reserves | 13 | €213,458 | €171,598 | -€41,861 | -19.6% |
| Non-distributable reserves | 130/1 | €27,460 | €27,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,460 | €27,460 | = | 0.0% |
| Distributable reserves | 133 | €185,998 | €144,138 | -€41,861 | -22.5% |
| Amounts payable | 17/49 | €292,258 | €482,641 | +€190,383 | +65.1% |
| Amounts payable after more than one year | 17 | €126,568 | €176,922 | +€50,353 | +39.8% |
| Financial debts | 170/4 | €126,568 | €176,922 | +€50,353 | +39.8% |
| Amounts payable within one year | 42/48 | €165,647 | €302,253 | +€136,606 | +82.5% |
| Current portion of amounts payable after more than one year | 42 | €43,531 | €59,332 | +€15,801 | +36.3% |
| Financial debts | 43 | €12,567 | €12,558 | -€9 | -0.1% |
| Other loans | 439 | €12,567 | €12,558 | -€9 | -0.1% |
| Trade debts | 44 | €92,826 | €101,758 | +€8,933 | +9.6% |
| Suppliers | 440/4 | €92,826 | €101,758 | +€8,933 | +9.6% |
| Taxes, remuneration and social security | 45 | €16,723 | €20,534 | +€3,810 | +22.8% |
| Taxes | 450/3 | €4,457 | €12,050 | +€7,593 | +170.4% |
| Remuneration and social security | 454/9 | €12,266 | €8,484 | -€3,782 | -30.8% |
| Other amounts payable | 47/48 | - | €108,071 | +€108,071 | |
| Accrued charges and deferred income | 492/3 | €43 | €3,466 | +€3,423 | +7915.0% |
| Remuneration, social security and pensions | 62 | €258,271 | €260,337 | +€2,066 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,706 | €74,918 | +€10,212 | +15.8% |
| Other operating charges | 640/8 | €6,196 | €6,052 | -€144 | -2.3% |
| Non-recurring operating charges | 66A | €42,634 | - | -€42,634 | |
| Gross operating margin | 9900 | €388,497 | €454,632 | +€66,135 | +17.0% |
| Operating profit (loss) | 9901 | €16,690 | €113,325 | +€96,636 | +579.0% |
| Financial income | 75/76B | - | €2,507 | +€2,507 | |
| Recurring financial income | 75 | - | €317 | +€317 | |
| Non-recurring financial income | 76B | - | €2,190 | +€2,190 | |
| Financial charges | 65/66B | €8,424 | €12,613 | +€4,190 | +49.7% |
| Recurring financial charges | 65 | €8,424 | €12,613 | +€4,190 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €8,266 | €103,219 | +€94,953 | +1148.7% |
| Income taxes | 67/77 | €242 | €33,197 | +€32,955 | +13643.3% |
| Profit (loss) for the period | 9904 | €8,025 | €70,022 | +€61,997 | +772.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,025 | €70,022 | +€61,997 | +772.6% |
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.