SBrusse: 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.
SBrusse
Largest movements
- Tangible fixed assets -€40,798
down €40,798 (-12.0%), from €339,533 to €298,736
- Receivables within one year +€23,541
up €23,541 (+68.4%), from €34,424 to €57,964
of which Trade receivables: +€12,335
- Cash -€10,208
down €10,208 (-50.4%), from €20,261 to €10,053
mainly Debts after one year (-€30,880) and Receivables within one year (-€23,541)
- Debts after one year -€30,880
down €30,880 (-13.2%), from €233,788 to €202,908
of which Financial debts: -€30,930
- Profit (loss) carried forward +€18,196
up €18,196 (+33.6%), from €54,174 to €72,370
- Current portion of long-term debt -€7,932
down €7,932 (-14.6%), from €54,144 to €46,212
- Trade debts -€4,794
down €4,794 (-36.8%), from €13,028 to €8,234
- Other debts -€4,535
no longer reported in 2025 (was €4,535)
- Gross operating margin +€26,846
up €26,846 (+61.8%), from €43,425 to €70,272
- Taxes +€2,275
up €2,275 (+1159.1%), from €196 to €2,472
- Depreciation -€1,253
down €1,253 (-3.0%), from €42,051 to €40,798
- Financial charges -€755
down €755 (-7.4%), from €10,162 to €9,407
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 | €394,218 | €368,359 | -€25,859 | -6.6% |
| Fixed assets | 21/28 | €339,533 | €298,736 | -€40,798 | -12.0% |
| Tangible fixed assets | 22/27 | €339,533 | €298,736 | -€40,798 | -12.0% |
| Land and buildings | 22 | €266,473 | €253,466 | -€13,007 | -4.9% |
| Furniture and vehicles | 24 | €36,474 | €21,326 | -€15,148 | -41.5% |
| Other tangible fixed assets | 26 | €36,586 | €23,943 | -€12,643 | -34.6% |
| Current assets | 29/58 | €54,684 | €69,624 | +€14,939 | +27.3% |
| Amounts receivable within one year | 40/41 | €34,424 | €57,964 | +€23,541 | +68.4% |
| Trade receivables | 40 | €19,495 | €31,829 | +€12,335 | +63.3% |
| Other amounts receivable | 41 | €14,929 | €26,135 | +€11,206 | +75.1% |
| Cash at bank and in hand | 54/58 | €20,261 | €10,053 | -€10,208 | -50.4% |
| Deferred charges and accrued income | 490/1 | - | €1,606 | +€1,606 | |
| Total equity and liabilities | 10/49 | €394,218 | €368,359 | -€25,859 | -6.6% |
| Equity | 10/15 | €83,579 | €101,775 | +€18,196 | +21.8% |
| Contributions | 10/11 | €20,410 | €20,410 | = | 0.0% |
| Outside capital | 11 | €20,410 | €20,410 | = | 0.0% |
| Other | 1109/19 | €20,410 | €20,410 | = | 0.0% |
| Reserves | 13 | €8,995 | €8,995 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,995 | €8,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,174 | €72,370 | +€18,196 | +33.6% |
| Amounts payable | 17/49 | €310,639 | €266,585 | -€44,054 | -14.2% |
| Amounts payable after more than one year | 17 | €233,788 | €202,908 | -€30,880 | -13.2% |
| Financial debts | 170/4 | €230,148 | €199,218 | -€30,930 | -13.4% |
| Other amounts payable | 178/9 | €3,640 | €3,690 | +€50 | +1.4% |
| Amounts payable within one year | 42/48 | €76,851 | €62,445 | -€14,406 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €54,144 | €46,212 | -€7,932 | -14.6% |
| Financial debts | 43 | - | €1,022 | +€1,022 | |
| Credit institutions | 430/8 | - | €1,022 | +€1,022 | |
| Trade debts | 44 | €13,028 | €8,234 | -€4,794 | -36.8% |
| Suppliers | 440/4 | €13,028 | €8,234 | -€4,794 | -36.8% |
| Taxes, remuneration and social security | 45 | €5,144 | €6,977 | +€1,833 | +35.6% |
| Taxes | 450/3 | €5,144 | €6,977 | +€1,833 | +35.6% |
| Other amounts payable | 47/48 | €4,535 | - | -€4,535 | |
| Accrued charges and deferred income | 492/3 | - | €1,231 | +€1,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,051 | €40,798 | -€1,253 | -3.0% |
| Other operating charges | 640/8 | €1,089 | €594 | -€495 | -45.4% |
| Gross operating margin | 9900 | €43,425 | €70,272 | +€26,846 | +61.8% |
| Operating profit (loss) | 9901 | €286 | €28,880 | +€28,594 | +10009.2% |
| Financial income | 75/76B | €768 | €1,195 | +€427 | +55.6% |
| Recurring financial income | 75 | €768 | €1,195 | +€427 | +55.6% |
| Financial charges | 65/66B | €10,162 | €9,407 | -€755 | -7.4% |
| Recurring financial charges | 65 | €10,162 | €9,407 | -€755 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,108 | €20,667 | +€29,776 | |
| Income taxes | 67/77 | €196 | €2,472 | +€2,275 | +1159.1% |
| Profit (loss) for the period | 9904 | -€9,305 | €18,196 | +€27,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,305 | €18,196 | +€27,500 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.