BRUWESKO: 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.
BRUWESKO
Largest movements
- Receivables within one year +€114,551
up €114,551 (+796.3%), from €14,386 to €128,936
of which Trade receivables: +€70,678
- Tangible fixed assets -€45,700
down €45,700 (-94.3%), from €48,445 to €2,744
of which Plant, machinery and equipment: -€34,111
- Cash -€16,113
down €16,113 (-13.1%), from €122,947 to €106,835
mainly Receivables within one year (-€114,551) and Trade debts (-€13,465)
- Deferred charges and accrued income -€8,458
down €8,458 (-77.8%), from €10,872 to €2,414
- Stocks and contracts -€4,545
down €4,545 (-100.0%), from €4,545 to €0
- Reserves +€27,000
up €27,000 (+65.9%), from €41,000 to €68,000
- Tax, wage and social debts +€16,525
up €16,525 (+43.4%), from €38,078 to €54,603
of which Remuneration and social security: +€16,710
- Trade debts -€13,465
down €13,465 (-17.8%), from €75,849 to €62,385
- Current portion of long-term debt +€6,846
new in 2026: €6,846
- Short-term financial debts +€6,539
new in 2026: €6,539
of which Credit institutions: +€5,714
- Gross operating margin +€48,877
up €48,877 (+16.9%), from €288,931 to €337,808
- Staff costs +€44,607
up €44,607 (+19.8%), from €224,897 to €269,504
- Other operating charges +€17,447
up €17,447 (+1397.2%), from €1,249 to €18,696
- Depreciation -€16,411
down €16,411 (-94.1%), from €17,435 to €1,024
- Taxes +€13,591
up €13,591 (+407.2%), from €3,338 to €16,928
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,194 | €240,929 | +€39,736 | +19.7% |
| Fixed assets | 21/28 | €48,445 | €2,744 | -€45,700 | -94.3% |
| Tangible fixed assets | 22/27 | €48,445 | €2,744 | -€45,700 | -94.3% |
| Plant, machinery and equipment | 23 | €36,855 | €2,744 | -€34,111 | -92.6% |
| Furniture and vehicles | 24 | €3,658 | €0 | -€3,658 | -100.0% |
| Other tangible fixed assets | 26 | €7,932 | €0 | -€7,932 | -100.0% |
| Current assets | 29/58 | €152,749 | €238,185 | +€85,436 | +55.9% |
| Stocks and contracts in progress | 3 | €4,545 | €0 | -€4,545 | -100.0% |
| Stocks | 30/36 | €4,545 | €0 | -€4,545 | -100.0% |
| Amounts receivable within one year | 40/41 | €14,386 | €128,936 | +€114,551 | +796.3% |
| Trade receivables | 40 | €10,577 | €81,254 | +€70,678 | +668.3% |
| Other amounts receivable | 41 | €3,809 | €47,682 | +€43,873 | +1151.8% |
| Cash at bank and in hand | 54/58 | €122,947 | €106,835 | -€16,113 | -13.1% |
| Deferred charges and accrued income | 490/1 | €10,872 | €2,414 | -€8,458 | -77.8% |
| Total equity and liabilities | 10/49 | €201,194 | €240,929 | +€39,736 | +19.7% |
| Equity | 10/15 | €56,932 | €83,364 | +€26,432 | +46.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €41,000 | €68,000 | +€27,000 | +65.9% |
| Distributable reserves | 133 | €41,000 | €68,000 | +€27,000 | +65.9% |
| Profit (loss) carried forward | 14 | €932 | €364 | -€568 | -61.0% |
| Amounts payable | 17/49 | €144,262 | €157,566 | +€13,304 | +9.2% |
| Amounts payable after more than one year | 17 | €30,335 | €27,194 | -€3,140 | -10.4% |
| Other amounts payable | 178/9 | €30,335 | €27,194 | -€3,140 | -10.4% |
| Amounts payable within one year | 42/48 | €113,927 | €130,372 | +€16,444 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,846 | +€6,846 | |
| Financial debts | 43 | - | €6,539 | +€6,539 | |
| Credit institutions | 430/8 | - | €5,714 | +€5,714 | |
| Other loans | 439 | - | €825 | +€825 | |
| Trade debts | 44 | €75,849 | €62,385 | -€13,465 | -17.8% |
| Suppliers | 440/4 | €75,849 | €62,385 | -€13,465 | -17.8% |
| Taxes, remuneration and social security | 45 | €38,078 | €54,603 | +€16,525 | +43.4% |
| Taxes | 450/3 | €16,710 | €16,524 | -€186 | -1.1% |
| Remuneration and social security | 454/9 | €21,368 | €38,079 | +€16,710 | +78.2% |
| Remuneration, social security and pensions | 62 | €224,897 | €269,504 | +€44,607 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,435 | €1,024 | -€16,411 | -94.1% |
| Other operating charges | 640/8 | €1,249 | €18,696 | +€17,447 | +1397.2% |
| Gross operating margin | 9900 | €288,931 | €337,808 | +€48,877 | +16.9% |
| Operating profit (loss) | 9901 | €45,350 | €48,585 | +€3,234 | +7.1% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €5,471 | €5,224 | -€247 | -4.5% |
| Recurring financial charges | 65 | €5,471 | €5,224 | -€247 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €39,885 | €43,360 | +€3,475 | +8.7% |
| Income taxes | 67/77 | €3,338 | €16,928 | +€13,591 | +407.2% |
| Profit (loss) for the period | 9904 | €36,548 | €26,432 | -€10,116 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,548 | €26,432 | -€10,116 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.