Brocap: 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.
Brocap
Largest movements
- Receivables after one year +€112,580
new in 2025: €112,580
- Receivables within one year +€14,946
up €14,946 (+2.6%), from €570,568 to €585,514
of which Trade receivables: +€164,264
- Cash -€12,996
down €12,996 (-43.0%), from €30,231 to €17,236
mainly Receivables after one year (-€112,580) and Receivables within one year (-€14,946)
- Trade debts +€58,755
up €58,755 (+19.8%), from €296,513 to €355,268
- Tax, wage and social debts +€42,094
up €42,094 (+120%), from €35,155 to €77,249
of which Taxes: +€31,074
- Reserves +€19,000
up €19,000 (+18.6%), from €102,000 to €121,000
of which Distributable reserves: +€18,041
- Staff costs +€49,664
new in 2025: €49,664
- Gross operating margin +€44,421
up €44,421 (+134%), from €33,135 to €77,556
- Financial income -€1,436
down €1,436 (-15.9%), from €9,028 to €7,592
- Taxes -€1,394
down €1,394 (-14.7%), from €9,482 to €8,088
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 | €604,374 | €724,340 | +€119,966 | +19.8% |
| Fixed assets | 21/28 | €1,345 | €1,654 | +€309 | +22.9% |
| Tangible fixed assets | 22/27 | €1,345 | €1,524 | +€178 | +13.2% |
| Plant, machinery and equipment | 23 | €135 | €26 | -€109 | -80.7% |
| Furniture and vehicles | 24 | €661 | €948 | +€287 | +43.4% |
| Other tangible fixed assets | 26 | €550 | €550 | = | 0.0% |
| Financial fixed assets | 28 | - | €131 | +€131 | |
| Current assets | 29/58 | €603,028 | €722,685 | +€119,657 | +19.8% |
| Amounts receivable after more than one year | 29 | - | €112,580 | +€112,580 | |
| Other amounts receivable | 291 | - | €112,580 | +€112,580 | |
| Stocks and contracts in progress | 3 | - | €67 | +€67 | |
| Stocks | 30/36 | - | €67 | +€67 | |
| Amounts receivable within one year | 40/41 | €570,568 | €585,514 | +€14,946 | +2.6% |
| Trade receivables | 40 | €420,568 | €584,833 | +€164,264 | +39.1% |
| Other amounts receivable | 41 | €150,000 | €682 | -€149,318 | -99.5% |
| Cash at bank and in hand | 54/58 | €30,231 | €17,236 | -€12,996 | -43.0% |
| Deferred charges and accrued income | 490/1 | €2,228 | €7,288 | +€5,060 | +227% |
| Total equity and liabilities | 10/49 | €604,374 | €724,340 | +€119,966 | +19.8% |
| Equity | 10/15 | €202,512 | €221,701 | +€19,189 | +9.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €102,000 | €121,000 | +€19,000 | +18.6% |
| Non-distributable reserves | 130/1 | €5,126 | €6,085 | +€959 | +18.7% |
| Legal reserve | 130 | €5,126 | €6,085 | +€959 | +18.7% |
| Distributable reserves | 133 | €96,874 | €114,915 | +€18,041 | +18.6% |
| Profit (loss) carried forward | 14 | €512 | €701 | +€189 | +36.8% |
| Amounts payable | 17/49 | €401,861 | €502,639 | +€100,777 | +25.1% |
| Amounts payable within one year | 42/48 | €401,696 | €502,518 | +€100,823 | +25.1% |
| Financial debts | 43 | €70,000 | €70,000 | = | 0.0% |
| Credit institutions | 430/8 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €296,513 | €355,268 | +€58,755 | +19.8% |
| Suppliers | 440/4 | €296,513 | €355,268 | +€58,755 | +19.8% |
| Taxes, remuneration and social security | 45 | €35,155 | €77,249 | +€42,094 | +120% |
| Taxes | 450/3 | €35,155 | €66,229 | +€31,074 | +88.4% |
| Remuneration and social security | 454/9 | - | €11,021 | +€11,021 | |
| Other amounts payable | 47/48 | €28 | €1 | -€27 | -96.7% |
| Accrued charges and deferred income | 492/3 | €165 | €120 | -€45 | -27.4% |
| Remuneration, social security and pensions | 62 | - | €49,664 | +€49,664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €962 | +€8 | +0.8% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | €34 | - | -€34 | |
| Gross operating margin | 9900 | €33,135 | €77,556 | +€44,421 | +134% |
| Operating profit (loss) | 9901 | €31,620 | €26,387 | -€5,233 | -16.5% |
| Financial income | 75/76B | €9,028 | €7,592 | -€1,436 | -15.9% |
| Recurring financial income | 75 | €9,028 | €7,592 | -€1,436 | -15.9% |
| Financial charges | 65/66B | €7,390 | €6,703 | -€687 | -9.3% |
| Recurring financial charges | 65 | €7,390 | €6,703 | -€687 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €33,258 | €27,276 | -€5,982 | -18.0% |
| Income taxes | 67/77 | €9,482 | €8,088 | -€1,394 | -14.7% |
| Profit (loss) for the period | 9904 | €23,776 | €19,189 | -€4,587 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,776 | €19,189 | -€4,587 | -19.3% |
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 15 October 2026 via checked.be.