BRUXTAX: 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.
BRUXTAX
Largest movements
- Tangible fixed assets -€16,289
down €16,289 (-11.0%), from €147,996 to €131,707
of which Land and buildings: -€11,750
- Cash -€5,840
down €5,840 (-32.2%), from €18,134 to €12,294
mainly Net result for the year (-€13,036) and Other debts (-€9,093)
- Profit (loss) carried forward -€13,036
down €13,036 (-2.7%), from -€490,113 to -€503,149
- Revaluation surpluses -€11,750
down €11,750 (-8.3%), from €141,000 to €129,250
- Reserves +€11,750
up €11,750 (+12.5%), from €94,000 to €105,750
- Other debts -€9,093
down €9,093 (-4.4%), from €207,057 to €197,965
- Gross operating margin -€2,649
down €2,649 (-22.8%), from €11,607 to €8,959
- Depreciation +€250
up €250 (+1.3%), from €18,540 to €18,789
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.
Derived cash bridge
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 | €178,624 | €156,495 | -€22,129 | -12.4% |
| Fixed assets | 21/28 | €147,996 | €131,707 | -€16,289 | -11.0% |
| Tangible fixed assets | 22/27 | €147,996 | €131,707 | -€16,289 | -11.0% |
| Land and buildings | 22 | €141,000 | €129,250 | -€11,750 | -8.3% |
| Plant, machinery and equipment | 23 | €6,790 | €207 | -€6,583 | -97.0% |
| Furniture and vehicles | 24 | €206 | €2,250 | +€2,044 | +990% |
| Current assets | 29/58 | €30,628 | €24,788 | -€5,840 | -19.1% |
| Amounts receivable within one year | 40/41 | €12,494 | €12,494 | = | 0.0% |
| Other amounts receivable | 41 | €12,494 | €12,494 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,134 | €12,294 | -€5,840 | -32.2% |
| Total equity and liabilities | 10/49 | €178,624 | €156,495 | -€22,129 | -12.4% |
| Equity | 10/15 | -€29,873 | -€42,910 | -€13,036 | -43.6% |
| Contributions | 10/11 | €225,240 | €225,240 | = | 0.0% |
| Revaluation surpluses | 12 | €141,000 | €129,250 | -€11,750 | -8.3% |
| Reserves | 13 | €94,000 | €105,750 | +€11,750 | +12.5% |
| Distributable reserves | 133 | €94,000 | €105,750 | +€11,750 | +12.5% |
| Profit (loss) carried forward | 14 | -€490,113 | -€503,149 | -€13,036 | -2.7% |
| Amounts payable | 17/49 | €208,497 | €199,405 | -€9,093 | -4.4% |
| Amounts payable after more than one year | 17 | €1,440 | €1,440 | = | 0.0% |
| Other amounts payable | 178/9 | €1,440 | €1,440 | = | 0.0% |
| Amounts payable within one year | 42/48 | €207,057 | €197,965 | -€9,093 | -4.4% |
| Other amounts payable | 47/48 | €207,057 | €197,965 | -€9,093 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,540 | €18,789 | +€250 | +1.3% |
| Other operating charges | 640/8 | €3,107 | €3,205 | +€98 | +3.2% |
| Gross operating margin | 9900 | €11,607 | €8,959 | -€2,649 | -22.8% |
| Operating profit (loss) | 9901 | -€10,040 | -€13,036 | -€2,997 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,040 | -€13,036 | -€2,997 | -29.8% |
| Profit (loss) for the period | 9904 | -€10,040 | -€13,036 | -€2,997 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,040 | -€13,036 | -€2,997 | -29.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.