BROCAM: 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
BROCAM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€92,304
2024 · €79,545+€12,760
Equity
€3.7m
2024 · €3.6m+€92,304
Cash
€42,690
2024 · €162,524-€119,833
Balance sheet total
€6.4m
2024 · €6.8m-€329,342
Largest movements
Assets
- Tangible fixed assets -€208,306
down €208,306 (-3.2%), from €6.6m to €6.4m
of which Land and buildings: -€215,367
- Cash -€119,833
down €119,833 (-73.7%), from €162,524 to €42,690
mainly Debts after one year (-€420,018) and Investment in fixed assets (net) (-€50,260)
Equity and liabilities
- Debts after one year -€420,018
down €420,018 (-15.3%), from €2.8m to €2.3m
of which Other amounts payable: -€321,474
- Profit (loss) carried forward +€115,462
up €115,462 (+5.9%), from -€1.9m to -€1.8m
Income statement
- Gross operating margin +€31,579
up €31,579 (+7.7%), from €410,299 to €441,878
- Taxes +€13,331
up €13,331 (+157,761%), from €8 to €13,339
- Other operating charges +€5,604
up €5,604 (+10.5%), from €53,154 to €58,757
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
€79,545
Gross operating margin
+€31,579
Staff costs
-€203
Depreciation
-€1,317
Other operating charges
-€5,604
Financial income
-€28
Financial charges
+€1,662
Taxes
-€13,331
Result 2025
€92,304
raises the resultlowers the result
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
+€349,088
Investment
-€50,260
Financing
-€418,661
Cash 2024
€162,524
From operations (derived)
+€349,088
Net result for the year
+€92,304
Depreciation
+€258,566
Receivables within one year
+€1,959
Smaller working-capital items
-€682
Provisions
-€7,719
Trade debts
-€1,675
Tax, wage and social debts
+€6,335
Investment (derived)
-€50,260
Investment in fixed assets (net)
-€50,260
Financing
-€418,661
Debts after one year
-€420,018
Current portion of long-term debt
+€1,358
Cash 2025
€42,690
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,756,420 | €6,427,077 | -€329,342 | -4.9% |
| Fixed assets | 21/28 | €6,575,275 | €6,366,969 | -€208,306 | -3.2% |
| Tangible fixed assets | 22/27 | €6,575,275 | €6,366,969 | -€208,306 | -3.2% |
| Land and buildings | 22 | €6,569,303 | €6,353,935 | -€215,367 | -3.3% |
| Plant, machinery and equipment | 23 | €5,134 | €12,176 | +€7,042 | +137% |
| Furniture and vehicles | 24 | €839 | €858 | +€19 | +2.3% |
| Current assets | 29/58 | €181,145 | €60,108 | -€121,036 | -66.8% |
| Amounts receivable within one year | 40/41 | €10,067 | €8,109 | -€1,959 | -19.5% |
| Trade receivables | 40 | €10,067 | €8,109 | -€1,959 | -19.5% |
| Cash at bank and in hand | 54/58 | €162,524 | €42,690 | -€119,833 | -73.7% |
| Deferred charges and accrued income | 490/1 | €8,553 | €9,309 | +€756 | +8.8% |
| Total equity and liabilities | 10/49 | €6,756,420 | €6,427,077 | -€329,342 | -4.9% |
| Equity | 10/15 | €3,645,305 | €3,737,610 | +€92,304 | +2.5% |
| Contributions | 10/11 | €4,898,800 | €4,898,800 | = | 0.0% |
| Capital | 10 | €4,898,800 | €4,898,800 | = | 0.0% |
| Issued capital | 100 | €4,898,800 | €4,898,800 | = | 0.0% |
| Reserves | 13 | €691,948 | €668,790 | -€23,158 | -3.3% |
| Non-distributable reserves | 130/1 | €55,032 | €55,032 | = | 0.0% |
| Legal reserve | 130 | €55,032 | €55,032 | = | 0.0% |
| Tax-exempt reserves | 132 | €636,915 | €613,757 | -€23,158 | -3.6% |
| Profit (loss) carried forward | 14 | -€1,945,442 | -€1,829,980 | +€115,462 | +5.9% |
| Provisions and deferred taxes | 16 | €212,305 | €204,586 | -€7,719 | -3.6% |
| Deferred taxes | 168 | €212,305 | €204,586 | -€7,719 | -3.6% |
| Amounts payable | 17/49 | €2,898,809 | €2,484,882 | -€413,927 | -14.3% |
| Amounts payable after more than one year | 17 | €2,750,122 | €2,330,103 | -€420,018 | -15.3% |
| Financial debts | 170/4 | €665,664 | €567,120 | -€98,544 | -14.8% |
| Other amounts payable | 178/9 | €2,084,457 | €1,762,983 | -€321,474 | -15.4% |
| Amounts payable within one year | 42/48 | €121,671 | €127,688 | +€6,017 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €97,187 | €98,544 | +€1,358 | +1.4% |
| Trade debts | 44 | €20,614 | €18,938 | -€1,675 | -8.1% |
| Suppliers | 440/4 | €20,614 | €18,938 | -€1,675 | -8.1% |
| Taxes, remuneration and social security | 45 | €3,871 | €10,206 | +€6,335 | +164% |
| Taxes | 450/3 | - | €6,308 | +€6,308 | |
| Remuneration and social security | 454/9 | €3,871 | €3,897 | +€27 | +0.7% |
| Accrued charges and deferred income | 492/3 | €27,017 | €27,091 | +€74 | +0.3% |
| Remuneration, social security and pensions | 62 | €14,864 | €15,067 | +€203 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,249 | €258,566 | +€1,317 | +0.5% |
| Other operating charges | 640/8 | €53,154 | €58,757 | +€5,604 | +10.5% |
| Gross operating margin | 9900 | €410,299 | €441,878 | +€31,579 | +7.7% |
| Operating profit (loss) | 9901 | €85,032 | €109,488 | +€24,456 | +28.8% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €13,226 | €11,564 | -€1,662 | -12.6% |
| Recurring financial charges | 65 | €13,226 | €11,564 | -€1,662 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €71,834 | €97,924 | +€26,090 | +36.3% |
| Transfer from deferred taxes | 780 | €7,719 | €7,719 | = | 0.0% |
| Income taxes | 67/77 | €8 | €13,339 | +€13,331 | +157,761% |
| Profit (loss) for the period | 9904 | €79,545 | €92,304 | +€12,760 | +16.0% |
| Transfer from tax-exempt reserves | 789 | €23,158 | €23,158 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,703 | €115,462 | +€12,760 | +12.4% |
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 14 October 2026 via checked.be.