BRUZLEE: 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.
BRUZLEE
Largest movements
- Tangible fixed assets +€236,863
up €236,863 (+1,428%), from €16,586 to €253,449
of which Land and buildings: +€241,959
- Stocks and contracts +€86,139
up €86,139 (+38.9%), from €221,518 to €307,657
- Receivables within one year -€22,803
down €22,803 (-22.1%), from €103,164 to €80,361
of which Trade receivables: -€24,801
- Debts after one year +€272,545
new in 2025: €272,545
- Other debts +€26,511
up €26,511 (+14.4%), from €183,987 to €210,498
- Profit (loss) carried forward +€26,463
up €26,463 (+86.3%), from €30,652 to €57,116
- Trade debts -€21,920
down €21,920 (-15.4%), from €142,582 to €120,662
- Tax, wage and social debts -€16,617
down €16,617 (-53.5%), from €31,079 to €14,462
of which Taxes: -€16,023
- Gross operating margin +€54,872
up €54,872 (+56.6%), from €96,890 to €151,762
- Write-downs +€18,872
up €18,872 (+444%), from €4,253 to €23,125
- Depreciation +€8,244
up €8,244 (+87.3%), from €9,445 to €17,689
- Financial charges +€7,612
up €7,612 (+2,127%), from €358 to €7,970
- Other operating charges +€4,092
up €4,092 (+6.3%), from €64,902 to €68,994
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 | €394,566 | €697,444 | +€302,878 | +76.8% |
| Fixed assets | 21/28 | €23,917 | €263,191 | +€239,274 | +1,000% |
| Intangible fixed assets | 21 | €4,481 | €9,742 | +€5,261 | +117% |
| Tangible fixed assets | 22/27 | €16,586 | €253,449 | +€236,863 | +1,428% |
| Land and buildings | 22 | - | €241,959 | +€241,959 | |
| Plant, machinery and equipment | 23 | €3,523 | €2,693 | -€830 | -23.6% |
| Furniture and vehicles | 24 | €13,063 | €8,797 | -€4,266 | -32.7% |
| Financial fixed assets | 28 | €2,850 | - | -€2,850 | |
| Current assets | 29/58 | €370,649 | €434,253 | +€63,604 | +17.2% |
| Stocks and contracts in progress | 3 | €221,518 | €307,657 | +€86,139 | +38.9% |
| Stocks | 30/36 | €221,518 | €307,657 | +€86,139 | +38.9% |
| Amounts receivable within one year | 40/41 | €103,164 | €80,361 | -€22,803 | -22.1% |
| Trade receivables | 40 | €99,455 | €74,655 | -€24,801 | -24.9% |
| Other amounts receivable | 41 | €3,709 | €5,706 | +€1,997 | +53.8% |
| Cash at bank and in hand | 54/58 | €45,968 | €45,661 | -€306 | -0.7% |
| Deferred charges and accrued income | 490/1 | - | €575 | +€575 | |
| Total equity and liabilities | 10/49 | €394,566 | €697,444 | +€302,878 | +76.8% |
| Equity | 10/15 | €36,852 | €63,316 | +€26,463 | +71.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,652 | €57,116 | +€26,463 | +86.3% |
| Amounts payable | 17/49 | €357,714 | €634,128 | +€276,414 | +77.3% |
| Amounts payable after more than one year | 17 | - | €272,545 | +€272,545 | |
| Financial debts | 170/4 | - | €272,545 | +€272,545 | |
| Amounts payable within one year | 42/48 | €357,648 | €361,516 | +€3,868 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | - | €15,894 | +€15,894 | |
| Trade debts | 44 | €142,582 | €120,662 | -€21,920 | -15.4% |
| Suppliers | 440/4 | €142,582 | €120,662 | -€21,920 | -15.4% |
| Taxes, remuneration and social security | 45 | €31,079 | €14,462 | -€16,617 | -53.5% |
| Taxes | 450/3 | €30,486 | €14,462 | -€16,023 | -52.6% |
| Remuneration and social security | 454/9 | €593 | - | -€593 | |
| Other amounts payable | 47/48 | €183,987 | €210,498 | +€26,511 | +14.4% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | - | €3,839 | +€3,839 | |
| Remuneration, social security and pensions | 62 | €643 | €3,064 | +€2,421 | +377% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,445 | €17,689 | +€8,244 | +87.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,253 | €23,125 | +€18,872 | +444% |
| Other operating charges | 640/8 | €64,902 | €68,994 | +€4,092 | +6.3% |
| Non-recurring operating charges | 66A | €13,849 | - | -€13,849 | |
| Gross operating margin | 9900 | €96,890 | €151,762 | +€54,872 | +56.6% |
| Operating profit (loss) | 9901 | €3,798 | €38,890 | +€35,092 | +924% |
| Financial income | 75/76B | €173 | €24 | -€149 | -86.0% |
| Recurring financial income | 75 | €173 | €24 | -€149 | -86.0% |
| Financial charges | 65/66B | €358 | €7,970 | +€7,612 | +2,127% |
| Recurring financial charges | 65 | €358 | €7,970 | +€7,612 | +2,127% |
| Profit (loss) for the period before taxes | 9903 | €3,613 | €30,944 | +€27,331 | +757% |
| Income taxes | 67/77 | €1,420 | €4,480 | +€3,061 | +216% |
| Profit (loss) for the period | 9904 | €2,193 | €26,463 | +€24,271 | +1,107% |
| Profit (loss) for the period to be appropriated | 9905 | €2,193 | €26,463 | +€24,271 | +1,107% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.