BRUNIM: 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.
What changed
BRUNIM
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.3m
2024 · -€658,402-€623,814
Equity
€4.7m
2024 · €6.0m-€1.3m
Cash
€1.2m
2024 · €2.1m-€898,664
Balance sheet total
€28.7m
2024 · €29.8m-€1.1m
Largest movements
Assets
- Cash -€898,664
down €898,664 (-43.4%), from €2.1m to €1.2m
mainly Net result for the year (-€1.3m) and Short-term financial debts (-€589,987)
Equity and liabilities
- Profit (loss) carried forward -€1.3m
down €1.3m (-18.2%), from -€7.0m to -€8.2m
- Accrued charges and deferred income +€715,654
up €715,654 (+314.5%), from €227,551 to €943,204
- Short-term financial debts -€589,987
down €589,987 (-2.5%), from €23.2m to €22.6m
Income statement
- Gross operating margin -€368,895
down €368,895 (-46.2%), from €798,463 to €429,568
- Taxes +€117,804
up €117,804 (+7827.2%), from €1,505 to €119,309
- Write-downs -€104,693
no longer reported in 2025 (was €104,693)
- Financial charges -€102,995
down €102,995 (-12.2%), from €844,297 to €741,301
- Depreciation +€53,640
up €53,640 (+9.1%), from €589,590 to €643,230
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
-€658,402
Gross operating margin
-€368,895
Staff costs
+€168
Depreciation
-€53,640
Write-downs
+€104,693
Other operating charges
+€16,255
Financial income
+€1,493
Financial charges
+€102,995
Taxes
-€117,804
Deferred taxes and other
-€309,079
Result 2025
-€1.3m
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.
From operations
+€54,455
Investment
-€363,128
Financing
-€589,990
Cash 2024
€2.1m
From operations (derived)
+€54,455
Net result for the year
-€1.3m
Depreciation
+€643,230
Receivables within one year
-€40,182
Deferred charges and accrued income
-€4,663
Provisions
-€5,602
Trade debts
+€45,167
Tax, wage and social debts
-€7,734
Advances received
-€8,700
Other debts
-€500
Accrued charges and deferred income
+€715,654
Investment (derived)
-€363,128
Investment in fixed assets (net)
-€363,128
Financing
-€589,990
Short-term financial debts
-€589,987
Contributions, distributions and other
-€2
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,785,032 | €28,651,112 | -€1.1m | -3.8% |
| Fixed assets | 21/28 | €26,379,861 | €26,099,760 | -€280,102 | -1.1% |
| Tangible fixed assets | 22/27 | €25,966,896 | €25,684,673 | -€282,223 | -1.1% |
| Land and buildings | 22 | €25,610,439 | €25,191,144 | -€419,294 | -1.6% |
| Plant, machinery and equipment | 23 | €149,916 | €223,922 | +€74,006 | +49.4% |
| Furniture and vehicles | 24 | €206,542 | €269,607 | +€63,065 | +30.5% |
| Financial fixed assets | 28 | €412,965 | €415,087 | +€2,122 | +0.5% |
| Current assets | 29/58 | €3,405,171 | €2,551,352 | -€853,819 | -25.1% |
| Amounts receivable within one year | 40/41 | €1,273,944 | €1,314,125 | +€40,182 | +3.2% |
| Trade receivables | 40 | €65,089 | €62,845 | -€2,244 | -3.4% |
| Other amounts receivable | 41 | €1,208,855 | €1,251,281 | +€42,426 | +3.5% |
| Cash at bank and in hand | 54/58 | €2,068,982 | €1,170,319 | -€898,664 | -43.4% |
| Deferred charges and accrued income | 490/1 | €62,245 | €66,908 | +€4,663 | +7.5% |
| Total equity and liabilities | 10/49 | €29,785,032 | €28,651,112 | -€1.1m | -3.8% |
| Equity | 10/15 | €5,991,066 | €4,708,848 | -€1.3m | -21.4% |
| Contributions | 10/11 | €12,300,000 | €12,300,000 | = | 0.0% |
| Capital | 10 | €12,300,000 | €12,300,000 | = | 0.0% |
| Issued capital | 100 | €12,300,000 | €12,300,000 | = | 0.0% |
| Reserves | 13 | €643,119 | €626,314 | -€16,805 | -2.6% |
| Non-distributable reserves | 130/1 | €13,083 | €13,083 | = | 0.0% |
| Legal reserve | 130 | €13,083 | €13,083 | = | 0.0% |
| Tax-exempt reserves | 132 | €601,962 | €585,157 | -€16,805 | -2.8% |
| Distributable reserves | 133 | €28,073 | €28,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,952,052 | -€8,217,466 | -€1.3m | -18.2% |
| Provisions and deferred taxes | 16 | €200,654 | €195,053 | -€5,602 | -2.8% |
| Deferred taxes | 168 | €200,654 | €195,053 | -€5,602 | -2.8% |
| Amounts payable | 17/49 | €23,593,312 | €23,747,211 | +€153,899 | +0.7% |
| Amounts payable within one year | 42/48 | €23,365,761 | €22,804,007 | -€561,755 | -2.4% |
| Financial debts | 43 | €23,160,394 | €22,570,407 | -€589,987 | -2.5% |
| Other loans | 439 | €23,160,394 | €22,570,407 | -€589,987 | -2.5% |
| Trade debts | 44 | €148,465 | €193,632 | +€45,167 | +30.4% |
| Suppliers | 440/4 | €148,465 | €193,632 | +€45,167 | +30.4% |
| Advances received on contracts in progress | 46 | €8,700 | - | -€8,700 | |
| Taxes, remuneration and social security | 45 | €40,202 | €32,468 | -€7,734 | -19.2% |
| Taxes | 450/3 | €24,963 | €17,549 | -€7,414 | -29.7% |
| Remuneration and social security | 454/9 | €15,239 | €14,919 | -€320 | -2.1% |
| Other amounts payable | 47/48 | €8,000 | €7,500 | -€500 | -6.3% |
| Accrued charges and deferred income | 492/3 | €227,551 | €943,204 | +€715,654 | +314.5% |
| Remuneration, social security and pensions | 62 | €216,094 | €215,926 | -€168 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589,590 | €643,230 | +€53,640 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €104,693 | - | -€104,693 | |
| Other operating charges | 640/8 | €57,793 | €41,538 | -€16,255 | -28.1% |
| Gross operating margin | 9900 | €798,463 | €429,568 | -€368,895 | -46.2% |
| Operating profit (loss) | 9901 | -€169,707 | -€471,126 | -€301,419 | -177.6% |
| Financial income | 75/76B | €42,426 | €43,919 | +€1,493 | +3.5% |
| Recurring financial income | 75 | €42,426 | €43,919 | +€1,493 | +3.5% |
| Financial charges | 65/66B | €844,297 | €741,301 | -€102,995 | -12.2% |
| Recurring financial charges | 65 | €844,297 | €741,301 | -€102,995 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€971,578 | -€1,168,508 | -€196,930 | -20.3% |
| Transfer from deferred taxes | 780 | €326,312 | €5,602 | -€320,710 | -98.3% |
| Transfer to deferred taxes | 680 | €11,631 | - | -€11,631 | |
| Income taxes | 67/77 | €1,505 | €119,309 | +€117,804 | +7827.2% |
| Profit (loss) for the period | 9904 | -€658,402 | -€1,282,216 | -€623,814 | -94.7% |
| Transfer from tax-exempt reserves | 789 | €912,421 | €16,805 | -€895,617 | -98.2% |
| Transfer to tax-exempt reserves | 689 | €34,892 | - | -€34,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,127 | -€1,265,411 | -€1.5m |
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 5 October 2026 via checked.be.