H Brux Distribution: 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.
H Brux Distribution
Largest movements
- Receivables within one year +€775,526
up €775,526 (+85.0%), from €912,833 to €1.7m
of which Trade receivables: +€762,386
- Tangible fixed assets +€187,041
up €187,041 (+34.4%), from €543,491 to €730,532
of which Other tangible fixed assets: +€157,744
- Deferred charges and accrued income +€42,042
up €42,042 (+553%), from €7,605 to €49,648
- Other debts +€2.2m
up €2.2m (+105%), from €2.1m to €4.2m
- Profit (loss) carried forward -€886,791
down €886,791 (-59.6%), from -€1.5m to -€2.4m
- Trade debts -€403,420
down €403,420 (-48.3%), from €834,736 to €431,316
- Accrued charges and deferred income +€86,033
up €86,033 (+75,236%), from €114 to €86,147
- Investment grants +€39,326
up €39,326 (+117%), from €33,662 to €72,989
- Gross operating margin -€390,707
down €390,707 (-42.8%), from €912,457 to €521,750
- Staff costs +€117,575
up €117,575 (+10.7%), from €1.1m to €1.2m
- Financial charges -€64,953
down €64,953 (-98.4%), from €65,982 to €1,029
- Other operating charges -€25,267
down €25,267 (-33.6%), from €75,207 to €49,939
- Depreciation +€22,718
up €22,718 (+18.9%), from €120,139 to €142,857
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 | €1,867,921 | €2,875,242 | +€1.0m | +53.9% |
| Fixed assets | 21/28 | €543,491 | €732,015 | +€188,524 | +34.7% |
| Tangible fixed assets | 22/27 | €543,491 | €730,532 | +€187,041 | +34.4% |
| Plant, machinery and equipment | 23 | €211,626 | €250,857 | +€39,231 | +18.5% |
| Furniture and vehicles | 24 | €18,822 | €8,889 | -€9,934 | -52.8% |
| Other tangible fixed assets | 26 | €313,042 | €470,786 | +€157,744 | +50.4% |
| Financial fixed assets | 28 | - | €1,483 | +€1,483 | |
| Current assets | 29/58 | €1,324,430 | €2,143,227 | +€818,797 | +61.8% |
| Stocks and contracts in progress | 3 | €160,406 | €137,395 | -€23,011 | -14.3% |
| Stocks | 30/36 | €160,406 | €137,395 | -€23,011 | -14.3% |
| Amounts receivable within one year | 40/41 | €912,833 | €1,688,359 | +€775,526 | +85.0% |
| Trade receivables | 40 | €722,535 | €1,484,921 | +€762,386 | +106% |
| Other amounts receivable | 41 | €190,298 | €203,437 | +€13,139 | +6.9% |
| Cash at bank and in hand | 54/58 | €243,586 | €267,825 | +€24,240 | +10.0% |
| Deferred charges and accrued income | 490/1 | €7,605 | €49,648 | +€42,042 | +553% |
| Total equity and liabilities | 10/49 | €1,867,921 | €2,875,242 | +€1.0m | +53.9% |
| Equity | 10/15 | -€1,303,240 | -€2,150,705 | -€847,465 | -65.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,486,903 | -€2,373,694 | -€886,791 | -59.6% |
| Investment grants | 15 | €33,662 | €72,989 | +€39,326 | +117% |
| Provisions and deferred taxes | 16 | €11,221 | €7,780 | -€3,440 | -30.7% |
| Deferred taxes | 168 | €11,221 | €7,780 | -€3,440 | -30.7% |
| Amounts payable | 17/49 | €3,159,940 | €5,018,166 | +€1.9m | +58.8% |
| Amounts payable within one year | 42/48 | €3,159,826 | €4,932,019 | +€1.8m | +56.1% |
| Trade debts | 44 | €834,736 | €431,316 | -€403,420 | -48.3% |
| Suppliers | 440/4 | €834,736 | €431,316 | -€403,420 | -48.3% |
| Taxes, remuneration and social security | 45 | €275,078 | €295,616 | +€20,538 | +7.5% |
| Taxes | 450/3 | €64,848 | €77,188 | +€12,340 | +19.0% |
| Remuneration and social security | 454/9 | €210,230 | €218,427 | +€8,198 | +3.9% |
| Other amounts payable | 47/48 | €2,050,012 | €4,205,087 | +€2.2m | +105% |
| Accrued charges and deferred income | 492/3 | €114 | €86,147 | +€86,033 | +75,236% |
| Remuneration, social security and pensions | 62 | €1,100,640 | €1,218,215 | +€117,575 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,139 | €142,857 | +€22,718 | +18.9% |
| Other operating charges | 640/8 | €75,207 | €49,939 | -€25,267 | -33.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €912,457 | €521,750 | -€390,707 | -42.8% |
| Operating profit (loss) | 9901 | -€383,529 | -€889,261 | -€505,733 | -132% |
| Financial income | 75/76B | €10,321 | €59 | -€10,262 | -99.4% |
| Recurring financial income | 75 | €10,321 | €59 | -€10,262 | -99.4% |
| Financial charges | 65/66B | €65,982 | €1,029 | -€64,953 | -98.4% |
| Recurring financial charges | 65 | €65,982 | €1,029 | -€64,953 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | -€439,190 | -€890,231 | -€451,042 | -103% |
| Transfer from deferred taxes | 780 | €3,440 | €3,440 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€435,749 | -€886,791 | -€451,042 | -104% |
| Profit (loss) for the period to be appropriated | 9905 | -€435,749 | -€886,791 | -€451,042 | -104% |
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 17 October 2026 via checked.be.