FMI BRUUL: 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.
FMI BRUUL
Largest movements
- Receivables within one year -€231,611
down €231,611 (-66.0%), from €350,716 to €119,106
of which Other amounts receivable: -€151,698
- Tangible fixed assets -€134,993
down €134,993 (-21.5%), from €627,956 to €492,963
of which Plant, machinery and equipment: -€104,177
- Cash +€71,891
up €71,891 (+60.6%), from €118,705 to €190,596
mainly Receivables within one year (+€231,611) and Depreciation (+€123,855)
- Stocks and contracts -€35,254
down €35,254 (-12.2%), from €288,343 to €253,089
- Deferred charges and accrued income -€16,575
down €16,575 (-71.5%), from €23,175 to €6,599
- Debts after one year -€206,303
down €206,303 (-36.1%), from €571,627 to €365,325
of which Trade debts: -€151,480
- Other debts -€111,250
down €111,250 (-31.7%), from €350,519 to €239,269
- Trade debts -€52,997
down €52,997 (-42.2%), from €125,438 to €72,441
- Tax, wage and social debts +€33,152
up €33,152 (+34.6%), from €95,722 to €128,874
of which Taxes: +€38,124
- Advances received -€29,643
down €29,643 (-100.0%), from €29,643 to €0
- Gross operating margin -€41,491
down €41,491 (-5.8%), from €711,277 to €669,786
- Other operating charges +€19,796
up €19,796 (+246.8%), from €8,022 to €27,817
- Taxes -€14,418
down €14,418 (-33.5%), from €43,014 to €28,597
- Financial income -€13,590
down €13,590 (-97.2%), from €13,976 to €386
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 | €1,410,400 | €1,062,844 | -€347,556 | -24.6% |
| Formation expenses | 20 | €1,402 | €490 | -€912 | -65.0% |
| Fixed assets | 21/28 | €628,059 | €492,963 | -€135,096 | -21.5% |
| Tangible fixed assets | 22/27 | €627,956 | €492,963 | -€134,993 | -21.5% |
| Plant, machinery and equipment | 23 | €393,693 | €289,516 | -€104,177 | -26.5% |
| Furniture and vehicles | 24 | €1,180 | €1,899 | +€719 | +60.9% |
| Other tangible fixed assets | 26 | €233,083 | €201,547 | -€31,535 | -13.5% |
| Financial fixed assets | 28 | €103 | €0 | -€103 | -100.0% |
| Current assets | 29/58 | €780,939 | €569,390 | -€211,549 | -27.1% |
| Stocks and contracts in progress | 3 | €288,343 | €253,089 | -€35,254 | -12.2% |
| Stocks | 30/36 | €288,343 | €253,089 | -€35,254 | -12.2% |
| Amounts receivable within one year | 40/41 | €350,716 | €119,106 | -€231,611 | -66.0% |
| Trade receivables | 40 | €175,610 | €95,697 | -€79,913 | -45.5% |
| Other amounts receivable | 41 | €175,106 | €23,409 | -€151,698 | -86.6% |
| Cash at bank and in hand | 54/58 | €118,705 | €190,596 | +€71,891 | +60.6% |
| Deferred charges and accrued income | 490/1 | €23,175 | €6,599 | -€16,575 | -71.5% |
| Total equity and liabilities | 10/49 | €1,410,400 | €1,062,844 | -€347,556 | -24.6% |
| Equity | 10/15 | €147,780 | €148,830 | +€1,050 | +0.7% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €17,780 | €18,830 | +€1,050 | +5.9% |
| Distributable reserves | 133 | €17,780 | €18,830 | +€1,050 | +5.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,262,620 | €914,013 | -€348,606 | -27.6% |
| Amounts payable after more than one year | 17 | €571,627 | €365,325 | -€206,303 | -36.1% |
| Financial debts | 170/4 | €261,627 | €206,805 | -€54,822 | -21.0% |
| Trade debts | 175 | €310,000 | €158,520 | -€151,480 | -48.9% |
| Amounts payable within one year | 42/48 | €690,316 | €541,240 | -€149,077 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €88,995 | €100,656 | +€11,661 | +13.1% |
| Trade debts | 44 | €125,438 | €72,441 | -€52,997 | -42.2% |
| Suppliers | 440/4 | €125,438 | €72,441 | -€52,997 | -42.2% |
| Advances received on contracts in progress | 46 | €29,643 | €0 | -€29,643 | -100.0% |
| Taxes, remuneration and social security | 45 | €95,722 | €128,874 | +€33,152 | +34.6% |
| Taxes | 450/3 | €43,014 | €81,138 | +€38,124 | +88.6% |
| Remuneration and social security | 454/9 | €52,708 | €47,736 | -€4,972 | -9.4% |
| Other amounts payable | 47/48 | €350,519 | €239,269 | -€111,250 | -31.7% |
| Accrued charges and deferred income | 492/3 | €676 | €7,449 | +€6,773 | +1002.4% |
| Remuneration, social security and pensions | 62 | €371,781 | €377,200 | +€5,419 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,351 | €123,855 | +€5,504 | +4.7% |
| Other operating charges | 640/8 | €8,022 | €27,817 | +€19,796 | +246.8% |
| Gross operating margin | 9900 | €711,277 | €669,786 | -€41,491 | -5.8% |
| Operating profit (loss) | 9901 | €213,123 | €140,914 | -€72,209 | -33.9% |
| Financial income | 75/76B | €13,976 | €386 | -€13,590 | -97.2% |
| Recurring financial income | 75 | €13,976 | €386 | -€13,590 | -97.2% |
| Financial charges | 65/66B | €23,824 | €21,654 | -€2,170 | -9.1% |
| Recurring financial charges | 65 | €23,824 | €21,654 | -€2,170 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €203,275 | €119,647 | -€83,629 | -41.1% |
| Income taxes | 67/77 | €43,014 | €28,597 | -€14,418 | -33.5% |
| Profit (loss) for the period | 9904 | €160,261 | €91,050 | -€69,211 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €160,261 | €91,050 | -€69,211 | -43.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.