BRUSERVICES (0459.538.488): financials and annual accounts

BRUSERVICES

Brussels ·KBO/BCE: BE 0459.538.488

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	572,990	513,984	580,967	2.9m	2.8m	2.4m	2.4m	2.6m	3.0m	3.6m	4.3m	5.3m	6.4m	7.0m	7.5m	8.1m	8.9m	9.7m	10.1m
Fixed assets`21/28`	-	-	-	1.7m	1.8m	2.0m	2.2m	2.5m	2.7m	3.1m	3.9m	4.9m	5.8m	6.6m	7.0m	7.4m	8.0m	8.6m	9.3m
Tangible fixed assets`22/27`	-	-	-	1.7m	1.8m	2.0m	2.2m	2.5m	2.7m	3.1m	3.9m	4.9m	5.8m	6.6m	7.0m	7.4m	8.0m	8.5m	9.2m
Land and buildings`22`	-	-	-	1.5m	1.7m	1.8m	1.9m	2.0m	2.2m	2.3m	2.4m	2.5m	2.7m	2.8m	2.8m	2.9m	3.0m	3.1m	3.2m
Plant, machinery and equipment`23`	-	-	-	143,704	186,280	229,581	341,037	423,118	448,670	324,005	316,052	489,925	654,147	702,534	418,136	179,338	185,275	281,393	377,431
Furniture and vehicles`24`	-	-	-	-	-	-	-	24,107	52,772	73,989	74,154	92,966	59,635	76,342	96,989	169,557	184,785	119,370	224,708
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	-	22,575	-	-	-	-	20,677	19,563	-	-	-	-
Financial fixed assets`28`	-	-	-	-	100	100	100	100	100	100	100	100	100	100	100	1,021	1,021	56,346	56,346
Other financial fixed assets`284/8`	-	-	-	-	100	100	100	100	100	100	100	100	100	100	100	1,021	1,021	56,346	56,346
Amounts receivable and cash guarantees`285/8`	-	-	-	-	100	100	100	100	100	100	100	100	100	100	100	1,021	1,021	56,346	56,346
Current assets`29/58`	572,990	513,984	580,967	1.2m	984,585	407,310	143,202	143,836	298,506	545,354	390,973	447,503	562,411	368,867	492,544	661,895	928,304	1.1m	827,871
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000
Other amounts receivable`291`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000
Amounts receivable within one year`40/41`	512,961	511,712	537,269	661,897	398,161	387,361	127,051	104,073	275,982	392,847	251,302	350,588	445,671	343,290	467,555	440,676	650,681	427,628	160,212
Trade receivables`40`	12,160	6,926	27,791	630,329	382,650	368,160	121,843	103,629	275,977	272,960	246,414	339,161	445,193	319,289	446,014	374,571	611,509	388,453	123,772
Other amounts receivable`41`	500,800	504,786	509,478	31,567	15,510	19,201	5,209	445	5	119,888	4,888	11,427	478	24,001	21,541	66,104	39,173	39,176	36,440
Cash at bank and in hand`54/58`	60,029	2,272	43,698	566,823	584,060	17,624	13,900	37,250	11,986	149,383	131,475	86,029	108,885	22,901	14,691	211,655	273,193	666,370	644,348
Deferred charges and accrued income`490/1`	-	-	-	-	2,365	2,324	2,251	2,512	10,538	3,124	8,196	10,885	7,855	2,676	10,298	9,564	4,430	9,281	8,312
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	572,990	513,984	580,967	2.9m	2.8m	2.4m	2.4m	2.6m	3.0m	3.6m	4.3m	5.3m	6.4m	7.0m	7.5m	8.1m	8.9m	9.7m	10.1m
Equity`10/15`	-1.5m	-2.2m	-1.9m	-3.7m	-3.6m	-3.4m	-2.8m	-2.2m	-1.5m	-738,511	-198,721	558,144	1.4m	2.0m	2.8m	3.2m	3.5m	3.8m	3.9m
Contributions`10/11`	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m
Capital`10`	9.9m	9.9m	9.9m	9.9m	9.9m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m	9.9m
Reserves`13`	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50
Non-distributable reserves`130/1`	50	50	50	50	50	50	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50
Profit (loss) carried forward`14`	-11.5m	-12.1m	-11.8m	-13.7m	-13.5m	-13.3m	-12.7m	-12.1m	-11.4m	-10.7m	-10.1m	-9.4m	-8.6m	-7.9m	-7.1m	-6.7m	-6.4m	-6.1m	-6.0m
Amounts payable`17/49`	2.1m	2.7m	2.5m	6.6m	6.4m	5.8m	5.2m	4.8m	4.5m	4.4m	4.5m	4.8m	5.0m	5.0m	4.6m	4.9m	5.4m	5.8m	6.2m
Amounts payable after more than one year`17`	2.1m	2.4m	2.4m	3.5m	3.5m	3.9m	3.1m	2.8m	2.8m	2.5m	2.9m	3.6m	3.9m	3.9m	3.1m	3.6m	4.1m	4.6m	5.0m
Financial debts`170/4`	2.1m	2.4m	2.4m	3.5m	3.5m	3.9m	3.1m	2.8m	2.8m	2.5m	2.9m	3.6m	3.9m	3.9m	3.1m	3.6m	4.1m	4.6m	5.0m
Leasing and similar obligations`172`	-	-	-	-	-	-	-	-	-	-	401,690	1.1m	1.8m	2.4m	3.1m	3.6m	4.1m	4.6m	5.0m
Other loans`174`	2.1m	2.4m	2.4m	3.5m	3.5m	3.9m	3.1m	2.8m	2.8m	2.5m	2.5m	2.5m	2.2m	1.5m	-	-	-	-	-
Amounts payable within one year`42/48`	3,923	240,916	88,696	3.1m	2.9m	1.9m	2.1m	1.5m	1.4m	1.7m	1.5m	1.2m	1.0m	1.1m	1.6m	1.3m	1.2m	1.2m	1.1m
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	401,689	701,193	675,887	651,272	627,331	549,593	508,952	470,608	434,442	402,338
Financial debts`43`	-	-	-	1.1m	950,473	767,090	1.1m	550,000	550,000	550,000	450,000	-	-	-	300,000	50,000	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	550,000	550,000	550,000	550,000	450,000	-	-	-	300,000	50,000	-	-	-
Other loans`439`	-	-	-	1.1m	950,473	767,090	588,675	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	3,923	11,023	19,411	1.5m	1.1m	1.1m	929,844	978,992	821,826	705,037	343,392	480,192	349,807	411,322	378,971	385,637	428,910	484,130	414,634
Suppliers`440/4`	3,923	11,023	19,411	1.5m	1.1m	1.1m	929,844	978,992	821,826	705,037	343,392	480,192	349,807	411,322	378,971	385,637	428,910	484,130	414,634
Advances received on contracts in progress`46`	-	-	-	505,000	505,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	-	-	69,285	2,429	255,142	24,799	-	3,189	37,540	22,145	26,510	26,969	44,734	34,669	32,884	24,714	29,394	19,149	9,043
Taxes`450/3`	-	-	69,285	2,429	255,142	24,799	-	3,086	12,624	5,734	2,735	2,736	17,706	6,981	6,030	2,295	5,991	-	-
Remuneration and social security`454/9`	-	-	-	-	-	-	-	102	24,917	16,411	23,775	24,233	27,028	27,687	26,854	22,419	23,403	19,149	9,043
Other amounts payable`47/48`	-	229,894	-	-	-	-	1,016	1,016	-	281	186	96	-	-	300,000	307,453	300,000	300,000	300,021
Accrued charges and deferred income`492/3`	-	120,578	-	4,306	34,445	33,407	-	445,367	309,130	183,336	66,786	-	17,888	24,136	2,724	-	65,407	828	63,840
Income statement
Operating income`70/76A`	678,672	6,769	2.3m	761,233	1.0m	610,631	800,585	875,950	1.5m	2.3m	2.3m	2.3m	2.3m	2.0m	2.4m	2.4m	2.4m	2.5m	2.5m
Turnover`70`	-	6,710	111,023	624,762	889,417	608,981	792,130	869,873	1.5m	1.8m	2.3m	2.3m	2.3m	2.0m	2.4m	2.4m	2.3m	2.5m	2.5m
Other operating income`74`	5,234	-	4,837	52,514	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	673,438	59	2.1m	83,957	130,149	1,650	8,455	1,834	-	-	1,200	-	-	-	-	770	3,779	30,979	-
Operating charges`60/66A`	11,856	185,886	198,697	740,432	1.0m	1.0m	1.3m	1.4m	2.1m	2.7m	2.9m	2.9m	2.8m	2.7m	2.5m	2.5m	2.4m	2.3m	2.2m
Goods for resale, raw materials and consumables`60`	-	3,868	102,244	393,716	679,437	594,300	767,738	899,931	1.2m	1.1m	1.3m	1.4m	1.2m	1.2m	1.2m	1.3m	1.2m	1.2m	1.3m
Purchases`600/8`	-	3,868	102,244	393,716	679,437	594,300	767,738	899,931	1.2m	1.1m	1.3m	1.4m	1.2m	1.2m	1.2m	1.3m	1.2m	1.2m	1.3m
Services and other goods`61`	9,338	19,708	86,940	115,403	148,119	155,495	141,539	152,170	336,158	372,912	420,596	367,914	377,891	350,771	337,688	325,288	313,547	211,136	96,389
Remuneration, social security and pensions`62`	-	-	-	-	-	-	133,409	134,060	153,996	171,767	195,808	190,884	192,376	185,953	174,867	172,419	174,255	154,534	145,518
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	157,280	162,138	230,859	200,981	204,901	408,049	1.0m	1.0m	986,294	967,742	916,215	806,932	743,691	731,092	738,635	725,260
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	856	-	-	-	-	-	-	-	-	-	15,000	-	-	-29,774	-
Other operating charges`640/8`	2,518	2,785	9,513	74,032	28,992	25,667	868	1,154	1,290	1,542	3,216	2,340	957	957	2,850	1,013	10,647	1,031	2,188
Non-recurring operating charges`66A`	-	159,526	-	-	-	-	31,502	-	-	-	-	1,141	1,145	-	-	5,252	265	34,571	-
Operating profit (loss)`9901`	666,816	-179,117	2.1m	20,801	24	-395,690	-475,452	-516,265	-611,521	-381,906	-597,327	-658,764	-508,869	-627,248	-121,847	-82,521	-56,994	233,656	288,533
Financial income`75/76B`	0	-	-	-	-	-	-	-	17	0	41	132	86	133	328	246	2,740	16,978	31,138
Recurring financial income`75`	0	-	-	-	-	-	-	-	17	0	41	132	86	133	328	246	2,740	16,978	31,138
Income from current assets`751`	0	-	-	-	-	-	-	-	-	0	29	132	-	132	298	246	2,740	16,978	16,033
Other financial income`752/9`	-	-	-	-	-	-	-	-	17	-	12	0	86	1	30	0	1	-	15,105
Financial charges`65/66B`	239	120,664	177,501	179,564	186,072	183,567	158,466	151,128	142,800	154,447	160,507	158,689	152,483	172,222	226,398	249,903	269,749	291,246	313,086
Recurring financial charges`65`	239	120,664	177,501	179,564	186,072	183,567	158,466	151,128	142,800	154,447	160,507	158,689	152,483	172,222	226,398	249,903	269,749	291,246	313,086
Debt charges`650`	-	120,563	176,587	178,943	185,168	181,417	155,773	149,565	138,124	151,607	156,908	156,418	150,550	169,543	224,961	248,846	268,924	290,804	311,951
Other financial charges`652/9`	239	102	914	621	905	2,150	2,693	1,563	4,676	2,839	3,599	2,272	1,933	2,680	1,437	1,057	825	442	1,135
Profit (loss) for the period before taxes`9903`	666,578	-299,782	1.9m	-158,763	-186,048	-579,256	-633,918	-667,393	-754,304	-536,353	-756,593	-818,463	-662,412	-799,337	-347,918	-336,660	-320,489	-44,204	6,584
Income taxes`67/77`	-	-	68,368	-	-	-	-31	2,029	2,252	3,437	272	199	153	164	-	-	-	-	-
Taxes`670/3`	-	-	68,368	-	-	-	-	2,076	2,252	3,437	272	199	153	164	-	-	-	-	-
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	-	-	31	47	-	-	0	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	666,578	-299,782	1.8m	-158,763	-186,048	-579,256	-633,887	-669,422	-756,556	-539,790	-756,865	-818,661	-662,564	-799,501	-347,918	-336,660	-320,489	-44,204	6,584
Profit (loss) for the period to be appropriated`9905`	666,578	-299,782	1.8m	-158,763	-186,048	-579,256	-633,887	-669,422	-756,556	-539,790	-756,865	-818,661	-662,564	-799,501	-347,918	-336,660	-320,489	-44,204	6,584
Appropriation of the result
Profit (loss) to be appropriated`9906`	-11.5m	-12.1m	-11.8m	-13.7m	-13.5m	-13.3m	-12.7m	-12.1m	-11.4m	-10.7m	-10.1m	-9.4m	-8.6m	-7.9m	-7.1m	-6.7m	-6.4m	-6.1m	-6.0m
Profit (loss) brought forward from the previous period`14P`	-12.1m	-11.8m	-13.7m	-13.5m	-13.3m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	0.8	1.8	2	2.6	3	3	3	3	2.9	2.9	2.9	2.9	2.9
Men (FTE)`1003`	-	-	-	-	-	-	-	0.8	-	1.6	2	2	2	-	-	-	-	-	-
Women (FTE)`1003`	-	-	-	-	-	-	-	1	-	1	1	1	1	-	-	-	-	-	-
Hours worked`1013`	-	-	-	-	-	-	1,406	2,850	3,458	4,271	4,986	4,651	4,788	5,105	5,088	5,160	4,849	5,112	5,011
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	30-06-2026	2026-00258867	PDF
31-12-2024	full format	30-06-2025	2025-00232312	PDF
31-12-2023	full format	04-06-2024	2024-00115925	PDF
31-12-2022	full format	26-06-2023	2023-00168716	PDF
31-12-2021	full format	01-07-2022	2022-20156292	PDF
31-12-2020	full format	08-07-2021	2021-33800343	PDF
31-12-2019	full format	02-07-2020	2020-26100326	PDF
31-12-2018	full format	17-06-2019	2019-20500394	PDF
31-12-2017	full format	29-06-2018	2018-27800473	PDF
31-12-2016	full format	27-07-2017	2017-38800284	PDF
31-12-2015	full format	31-08-2016	2016-56500093	PDF
31-12-2014	full format	30-11-2015	2015-67800510	PDF
31-12-2013	full format	30-06-2014	2014-26900357	PDF
31-12-2012	full format	28-06-2013	2013-25400368	PDF
31-12-2011	full format	31-05-2012	2012-15200116	PDF
31-12-2010	full format	28-07-2011	2011-35600282	PDF
31-12-2009	full format	15-06-2010	2010-18800556	PDF
31-12-2008	full format	29-04-2009	2009-13600171	PDF
31-12-2007	full format	14-07-2008	2008-41100043	PDF
31-12-2006	full format	31-07-2007	2007-50400362	PDF
31-12-2005	full format	26-04-2006	2006-12102802	PDF
31-12-2004	unclassified schema	01-06-2005	2005-18500255	PDF
31-12-2003	unclassified schema	07-06-2004	2004-19800276	PDF
31-12-2002	unclassified schema	25-04-2003	2003-11700036	PDF
31-12-2001	full format	27-05-2002	2002-13700281	PDF
31-12-2000	full format	12-06-2001	2001-18500186	PDF
31-12-1999	full format	25-05-2000	2000-14900141	PDF
31-12-1998	full format	04-05-1999	1999-08901708	PDF
31-12-1997	full format	08-07-1998	1998-31800296	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	-	-	-	178,082	162,162	-164,831	-274,471	-311,364	-203,472	640,197	417,928	327,530	458,873	288,967	685,085	661,170	674,098	972,291	1.0m
Cash flow	-	-	-	-1,482	-23,910	-348,398	-432,906	-464,521	-348,507	482,314	258,390	167,633	305,178	116,714	459,014	407,031	410,603	694,431	731,845
Investment in fixed assets (approximation)	-	-	-	-100	0	0	-31,301	14,573	227,956	200,665	17,448	76,097	147,283	585,254	367,109	156,030	238,036	33,254	107,326
Change in cash	57,757	-41,426	-523,125	-17,236	566,435	3,725	-23,350	25,264	-137,397	17,908	45,446	-22,856	85,985	8,210	-196,964	-61,537	-393,177	22,022	-
Working capital	569,067	273,067	492,271	-1.9m	-1.9m	-1.5m	-1.9m	-1.4m	-1.1m	-1.1m	-1.1m	-735,642	-483,402	-704,454	-1.1m	-614,861	-300,609	-134,441	-298,164
EBIT margin	-	-	-	3.3%	0.0%	-65.0%	-60.0%	-59.3%	-42.1%	-21.2%	-25.9%	-29.2%	-22.4%	-31.1%	-5.0%	-3.4%	-2.5%	9.3%	11.6%
Solvency	-268.9%	-429.5%	-328.4%	-127.6%	-125.9%	-139.9%	-117.5%	-82.8%	-50.3%	-20.4%	-4.6%	10.4%	21.6%	29.1%	38.0%	39.4%	39.4%	39.7%	38.5%
Current ratio	-	2.13	6.55	0.39	0.34	0.21	0.07	0.09	0.21	0.32	0.26	0.38	0.54	0.34	0.32	0.52	0.76	0.89	0.74
Debt to equity	-	-	-	-	-	-	-	-	-	-	-	8.57	3.63	2.44	1.63	1.54	1.54	1.52	1.60
ROE	-	-	-	-	-	-	-	-	-	-	-	-146.7%	-48.1%	-39.2%	-12.3%	-10.6%	-9.1%	-1.1%	0.2%
ROA	116.3%	-58.3%	312.4%	-5.4%	-6.6%	-24.0%	-26.6%	-25.6%	-25.4%	-14.9%	-17.6%	-15.3%	-10.4%	-11.4%	-4.7%	-4.2%	-3.6%	-0.5%	0.1%
Interest coverage	-	-	-	1.00	0.88	-0.91	-1.76	-2.08	-1.47	4.22	2.66	2.09	3.05	1.70	3.05	2.66	2.51	3.34	3.25
Customer credit	-	377 days	91 days	368 days	157 days	221 days	56 days	43 days	69 days	55 days	39 days	55 days	72 days	58 days	67 days	57 days	96 days	57 days	18 days
Supplier credit	153 days	171 days	37 days	1075 days	506 days	544 days	373 days	340 days	199 days	169 days	74 days	101 days	79 days	97 days	90 days	89 days	104 days	125 days	111 days

BRUSERVICES

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency-268.9%

Current ratio-

Return on assets116.3%

Staff

Men and women

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Auditor

Insights on BRUSERVICES

Next steps