KINE BRULARD: 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.
KINE BRULARD
Largest movements
- Receivables after one year +€22,759
new in 2025: €22,759
- Receivables within one year -€19,334
down €19,334 (-72.9%), from €26,513 to €7,179
- Cash +€8,819
up €8,819 (+28.2%), from €31,326 to €40,145
mainly Receivables within one year (+€19,334) and Net result for the year (+€7,658)
- Deferred charges and accrued income -€4,453
down €4,453 (-39.4%), from €11,305 to €6,853
- Reserves +€7,658
up €7,658 (+38.5%), from €19,897 to €27,555
of which Distributable reserves: +€7,658
- Depreciation -€2,316
down €2,316 (-93.4%), from €2,480 to €164
- Gross operating margin -€1,742
down €1,742 (-12.0%), from €14,500 to €12,758
- Taxes +€599
up €599 (+21.1%), from €2,836 to €3,436
- Other operating charges -€286
down €286 (-68.7%), from €417 to €130
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 | €69,309 | €76,935 | +€7,626 | +11.0% |
| Fixed assets | 21/28 | €164 | - | -€164 | |
| Tangible fixed assets | 22/27 | €164 | - | -€164 | |
| Furniture and vehicles | 24 | €164 | - | -€164 | |
| Current assets | 29/58 | €69,145 | €76,935 | +€7,791 | +11.3% |
| Amounts receivable after more than one year | 29 | - | €22,759 | +€22,759 | |
| Trade receivables | 290 | - | €22,759 | +€22,759 | |
| Amounts receivable within one year | 40/41 | €26,513 | €7,179 | -€19,334 | -72.9% |
| Other amounts receivable | 41 | €26,513 | €7,179 | -€19,334 | -72.9% |
| Cash at bank and in hand | 54/58 | €31,326 | €40,145 | +€8,819 | +28.2% |
| Deferred charges and accrued income | 490/1 | €11,305 | €6,853 | -€4,453 | -39.4% |
| Total equity and liabilities | 10/49 | €69,309 | €76,935 | +€7,626 | +11.0% |
| Equity | 10/15 | €64,307 | €71,965 | +€7,658 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,897 | €27,555 | +€7,658 | +38.5% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €18,397 | €26,055 | +€7,658 | +41.6% |
| Profit (loss) carried forward | 14 | €38,210 | €38,210 | = | 0.0% |
| Amounts payable | 17/49 | €5,002 | €4,970 | -€32 | -0.6% |
| Amounts payable within one year | 42/48 | €1,428 | €1,091 | -€337 | -23.6% |
| Trade debts | 44 | €1,428 | €1,091 | -€337 | -23.6% |
| Suppliers | 440/4 | €1,428 | €1,091 | -€337 | -23.6% |
| Accrued charges and deferred income | 492/3 | €3,574 | €3,880 | +€306 | +8.5% |
| Non-recurring operating income | 76A | €12,225 | €3,300 | -€8,925 | -73.0% |
| Remuneration, social security and pensions | 62 | €1,285 | €1,298 | +€12 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,480 | €164 | -€2,316 | -93.4% |
| Other operating charges | 640/8 | €417 | €130 | -€286 | -68.7% |
| Gross operating margin | 9900 | €14,500 | €12,758 | -€1,742 | -12.0% |
| Operating profit (loss) | 9901 | €10,318 | €11,166 | +€847 | +8.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €10,251 | €11,093 | +€842 | +8.2% |
| Income taxes | 67/77 | €2,836 | €3,436 | +€599 | +21.1% |
| Profit (loss) for the period | 9904 | €7,415 | €7,658 | +€243 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,415 | €7,658 | +€243 | +3.3% |
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 27 October 2026 via checked.be.