BRUXEO: 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.
BRUXEO
Largest movements
- Receivables within one year -€116,954
down €116,954 (-23.6%), from €495,176 to €378,221
of which Other amounts receivable: -€122,924
- Cash -€89,877
down €89,877 (-7.9%), from €1.1m to €1.1m
mainly Provisions (-€334,000) and Accrued charges and deferred income (-€110,368)
- Reserves +€334,000
up €334,000 (+77.7%), from €430,000 to €764,000
- Provisions -€334,000
no longer reported in 2025 (was €334,000)
- Accrued charges and deferred income -€110,368
down €110,368 (-99.4%), from €111,077 to €709
- Debts within one year -€80,201
down €80,201 (-20.9%), from €383,734 to €303,533
- Profit (loss) carried forward -€36,607
down €36,607 (-20.0%), from €182,819 to €146,212
- Gross operating margin -€94,001
down €94,001 (-7.2%), from €1.3m to €1.2m
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 | €1,712,369 | €1,485,194 | -€227,176 | -13.3% |
| Fixed assets | 21/28 | €55,790 | €43,676 | -€12,113 | -21.7% |
| Intangible fixed assets | 21 | €5,520 | €4,402 | -€1,117 | -20.2% |
| Tangible fixed assets | 22/27 | €42,867 | €31,871 | -€10,996 | -25.7% |
| Plant, machinery and equipment | 23 | €7,648 | €5,643 | -€2,006 | -26.2% |
| Furniture and vehicles | 24 | €35,219 | €26,228 | -€8,990 | -25.5% |
| Financial fixed assets | 28 | €7,403 | €7,403 | = | 0.0% |
| Current assets | 29/58 | €1,656,580 | €1,441,518 | -€215,062 | -13.0% |
| Amounts receivable within one year | 40/41 | €495,176 | €378,221 | -€116,954 | -23.6% |
| Trade receivables | 40 | €4,368 | €10,337 | +€5,970 | +136.7% |
| Other amounts receivable | 41 | €490,808 | €367,884 | -€122,924 | -25.0% |
| Cash at bank and in hand | 54/58 | €1,140,331 | €1,050,454 | -€89,877 | -7.9% |
| Deferred charges and accrued income | 490/1 | €21,073 | €12,842 | -€8,231 | -39.1% |
| Total equity and liabilities | 10/49 | €1,712,369 | €1,485,194 | -€227,176 | -13.3% |
| Equity | 10/15 | €883,558 | €1,180,952 | +€297,393 | +33.7% |
| Contributions | 10/11 | €270,740 | €270,740 | = | 0.0% |
| Capital | 10 | €270,740 | €270,740 | = | 0.0% |
| Reserves | 13 | €430,000 | €764,000 | +€334,000 | +77.7% |
| Profit (loss) carried forward | 14 | €182,819 | €146,212 | -€36,607 | -20.0% |
| Provisions and deferred taxes | 16 | €334,000 | - | -€334,000 | |
| Provisions for liabilities and charges | 160/5 | €334,000 | - | -€334,000 | |
| Other liabilities and charges | 164/5 | €334,000 | - | -€334,000 | |
| Amounts payable | 17/49 | €494,811 | €304,242 | -€190,569 | -38.5% |
| Amounts payable within one year | 42/48 | €383,734 | €303,533 | -€80,201 | -20.9% |
| Trade debts | 44 | €32,334 | €20,852 | -€11,483 | -35.5% |
| Suppliers | 440/4 | €32,334 | €20,852 | -€11,483 | -35.5% |
| Taxes, remuneration and social security | 45 | €167,548 | €199,847 | +€32,299 | +19.3% |
| Taxes | 450/3 | €35,018 | €25,054 | -€9,964 | -28.5% |
| Remuneration and social security | 454/9 | €132,530 | €174,793 | +€42,263 | +31.9% |
| Accrued charges and deferred income | 492/3 | €111,077 | €709 | -€110,368 | -99.4% |
| Remuneration, social security and pensions | 62 | €1,236,263 | €1,244,239 | +€7,976 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,677 | €19,810 | +€4,133 | +26.4% |
| Other operating charges | 640/8 | €1,368 | €2,998 | +€1,630 | +119.2% |
| Gross operating margin | 9900 | €1,314,649 | €1,220,649 | -€94,001 | -7.2% |
| Operating profit (loss) | 9901 | €1,342 | €287,602 | +€286,260 | +21333.4% |
| Financial income | 75/76B | €4,630 | €9,947 | +€5,317 | +114.8% |
| Recurring financial income | 75 | €4,630 | €9,947 | +€5,317 | +114.8% |
| Financial charges | 65/66B | €149 | €156 | +€7 | +4.4% |
| Recurring financial charges | 65 | €149 | €156 | +€7 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €5,822 | €297,393 | +€291,571 | +5007.7% |
| Profit (loss) for the period | 9904 | €5,822 | €297,393 | +€291,571 | +5007.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,822 | €297,393 | +€291,571 | +5007.7% |
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 6 October 2026 via checked.be.