Im Brühl: 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.
What changed
Im Brühl
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,942
2024 · -€37,647+€56,588
Equity
€82,934
2024 · €63,992+€18,942
Cash
€3,730
2024 · €6,708-€2,978
Balance sheet total
€412,464
2024 · €279,870+€132,594
Largest movements
Assets
- Tangible fixed assets +€137,324
up €137,324 (+56.4%), from €243,521 to €380,844
of which Land and buildings: +€112,971
Equity and liabilities
- Other debts +€52,470
up €52,470 (+108%), from €48,802 to €101,272
- Debts after one year +€40,601
up €40,601 (+24.9%), from €163,000 to €203,601
- Profit (loss) carried forward +€18,942
up €18,942 (+44.5%), from €42,577 to €61,518
- Current portion of long-term debt +€16,035
up €16,035, from €0 to €16,035
- Trade debts +€5,699
up €5,699 (+496%), from €1,149 to €6,847
Income statement
- Gross operating margin +€65,390
up €65,390, from -€22,390 to €43,000
- Financial charges +€4,774
up €4,774 (+162%), from €2,948 to €7,722
- Depreciation +€4,109
up €4,109 (+36.9%), from €11,138 to €15,247
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.
Result 2024
-€37,647
Gross operating margin
+€65,390
Depreciation
-€4,109
Other operating charges
-€62
Other operating items
-€127
Financial income
+€230
Financial charges
-€4,774
Taxes
+€40
Result 2025
€18,942
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€92,957
Investment
-€152,571
Financing
+€56,636
Cash 2024
€6,708
From operations (derived)
+€92,957
Net result for the year
+€18,942
Depreciation
+€15,247
Receivables within one year
-€621
Deferred charges and accrued income
+€2,373
Trade debts
+€5,699
Tax, wage and social debts
-€1,153
Other debts
+€52,470
Investment (derived)
-€152,571
Investment in fixed assets (net)
-€152,571
Financing
+€56,636
Debts after one year
+€40,601
Current portion of long-term debt
+€16,035
Cash 2025
€3,730
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,870 | €412,464 | +€132,594 | +47.4% |
| Fixed assets | 21/28 | €243,521 | €380,844 | +€137,324 | +56.4% |
| Tangible fixed assets | 22/27 | €243,521 | €380,844 | +€137,324 | +56.4% |
| Land and buildings | 22 | €241,665 | €354,636 | +€112,971 | +46.7% |
| Plant, machinery and equipment | 23 | €1,855 | €26,208 | +€24,353 | +1,313% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €36,350 | €31,619 | -€4,730 | -13.0% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Contracts in progress | 37 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,994 | €4,615 | +€621 | +15.5% |
| Trade receivables | 40 | €707 | €3,822 | +€3,115 | +441% |
| Other amounts receivable | 41 | €3,288 | €793 | -€2,494 | -75.9% |
| Cash at bank and in hand | 54/58 | €6,708 | €3,730 | -€2,978 | -44.4% |
| Deferred charges and accrued income | 490/1 | €5,648 | €3,275 | -€2,373 | -42.0% |
| Total equity and liabilities | 10/49 | €279,870 | €412,464 | +€132,594 | +47.4% |
| Equity | 10/15 | €63,992 | €82,934 | +€18,942 | +29.6% |
| Contributions | 10/11 | €6,250 | €7,666 | +€1,416 | +22.7% |
| Reserves | 13 | €15,166 | €13,750 | -€1,416 | -9.3% |
| Non-distributable reserves | 130/1 | €1,416 | €0 | -€1,416 | -100% |
| Reserves not available under the articles | 1311 | €1,416 | €0 | -€1,416 | -100% |
| Tax-exempt reserves | 132 | €13,750 | €13,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,577 | €61,518 | +€18,942 | +44.5% |
| Amounts payable | 17/49 | €215,878 | €329,530 | +€113,652 | +52.6% |
| Amounts payable after more than one year | 17 | €163,000 | €203,601 | +€40,601 | +24.9% |
| Financial debts | 170/4 | €163,000 | €203,601 | +€40,601 | +24.9% |
| Amounts payable within one year | 42/48 | €52,878 | €125,929 | +€73,051 | +138% |
| Current portion of amounts payable after more than one year | 42 | €0 | €16,035 | +€16,035 | |
| Trade debts | 44 | €1,149 | €6,847 | +€5,699 | +496% |
| Suppliers | 440/4 | €1,149 | €6,847 | +€5,699 | +496% |
| Taxes, remuneration and social security | 45 | €2,927 | €1,774 | -€1,153 | -39.4% |
| Taxes | 450/3 | €2,927 | €1,774 | -€1,153 | -39.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €48,802 | €101,272 | +€52,470 | +108% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,138 | €15,247 | +€4,109 | +36.9% |
| Other operating charges | 640/8 | €1,652 | €1,714 | +€62 | +3.8% |
| Non-recurring operating charges | 66A | €63 | €190 | +€127 | +202% |
| Gross operating margin | 9900 | -€22,390 | €43,000 | +€65,390 | |
| Operating profit (loss) | 9901 | -€35,244 | €25,849 | +€61,093 | |
| Financial income | 75/76B | €685 | €914 | +€230 | +33.5% |
| Recurring financial income | 75 | €685 | €914 | +€230 | +33.5% |
| Financial charges | 65/66B | €2,948 | €7,722 | +€4,774 | +162% |
| Recurring financial charges | 65 | €2,948 | €7,722 | +€4,774 | +162% |
| Profit (loss) for the period before taxes | 9903 | -€37,507 | €19,041 | +€56,548 | |
| Income taxes | 67/77 | €140 | €99 | -€40 | -28.9% |
| Profit (loss) for the period | 9904 | -€37,647 | €18,942 | +€56,588 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,647 | €18,942 | +€56,588 |
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 29 October 2026 via checked.be.