Brocsa: 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.
Brocsa
Largest movements
- Current investments +€758,050
up €758,050 (+14.9%), from €5.1m to €5.8m
- Cash +€412,489
up €412,489 (+234%), from €176,597 to €589,087
mainly Net result for the year (+€1.2m) and Depreciation (+€12,453)
- Reserves +€1.2m
up €1.2m (+79.5%), from €1.5m to €2.6m
of which Distributable reserves: +€1.2m
- Financial income +€933,115
up €933,115 (+213%), from €438,052 to €1.4m
- Financial charges +€87,507
up €87,507, from -€46,240 to €41,267
- Taxes +€73,965
up €73,965 (+177%), from €41,789 to €115,754
- Gross operating margin -€28,614
down €28,614, from €16,262 to -€12,352
- Depreciation -€2,854
down €2,854 (-18.6%), from €15,307 to €12,453
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 | €8,868,672 | €10,032,429 | +€1.2m | +13.1% |
| Fixed assets | 21/28 | €3,444,586 | €3,442,127 | -€2,459 | -0.1% |
| Tangible fixed assets | 22/27 | €491,805 | €489,346 | -€2,459 | -0.5% |
| Land and buildings | 22 | €486,343 | €485,480 | -€863 | -0.2% |
| Plant, machinery and equipment | 23 | €5,462 | €3,866 | -€1,596 | -29.2% |
| Financial fixed assets | 28 | €2,952,781 | €2,952,781 | = | 0.0% |
| Current assets | 29/58 | €5,424,086 | €6,590,302 | +€1.2m | +21.5% |
| Amounts receivable within one year | 40/41 | €159,772 | €152,754 | -€7,018 | -4.4% |
| Other amounts receivable | 41 | €159,772 | €152,754 | -€7,018 | -4.4% |
| Current investments | 50/53 | €5,082,795 | €5,840,845 | +€758,050 | +14.9% |
| Cash at bank and in hand | 54/58 | €176,597 | €589,087 | +€412,489 | +234% |
| Deferred charges and accrued income | 490/1 | €4,922 | €7,616 | +€2,694 | +54.7% |
| Total equity and liabilities | 10/49 | €8,868,672 | €10,032,429 | +€1.2m | +13.1% |
| Equity | 10/15 | €8,865,698 | €10,023,411 | +€1.2m | +13.1% |
| Contributions | 10/11 | €1,227,000 | €1,227,000 | = | 0.0% |
| Capital | 10 | €1,227,000 | €1,227,000 | = | 0.0% |
| Issued capital | 100 | €1,227,000 | €1,227,000 | = | 0.0% |
| Reserves | 13 | €1,456,330 | €2,614,044 | +€1.2m | +79.5% |
| Non-distributable reserves | 130/1 | €122,700 | €122,700 | = | 0.0% |
| Legal reserve | 130 | €122,700 | €122,700 | = | 0.0% |
| Distributable reserves | 133 | €1,333,630 | €2,491,344 | +€1.2m | +86.8% |
| Profit (loss) carried forward | 14 | €6,182,368 | €6,182,368 | = | 0.0% |
| Amounts payable | 17/49 | €2,975 | €9,017 | +€6,043 | +203% |
| Amounts payable within one year | 42/48 | €2,975 | €9,017 | +€6,043 | +203% |
| Trade debts | 44 | €454 | €5,248 | +€4,794 | +1,057% |
| Suppliers | 440/4 | €454 | €5,248 | +€4,794 | +1,057% |
| Other amounts payable | 47/48 | €2,521 | €3,770 | +€1,249 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,307 | €12,453 | -€2,854 | -18.6% |
| Other operating charges | 640/8 | €32,631 | €31,628 | -€1,004 | -3.1% |
| Gross operating margin | 9900 | €16,262 | -€12,352 | -€28,614 | |
| Operating profit (loss) | 9901 | -€31,676 | -€56,433 | -€24,757 | -78.2% |
| Financial income | 75/76B | €438,052 | €1,371,168 | +€933,115 | +213% |
| Recurring financial income | 75 | €438,052 | €1,371,168 | +€933,115 | +213% |
| Financial charges | 65/66B | -€46,240 | €41,267 | +€87,507 | |
| Recurring financial charges | 65 | -€46,240 | €41,267 | +€87,507 | |
| Profit (loss) for the period before taxes | 9903 | €452,617 | €1,273,468 | +€820,851 | +181% |
| Income taxes | 67/77 | €41,789 | €115,754 | +€73,965 | +177% |
| Profit (loss) for the period | 9904 | €410,827 | €1,157,714 | +€746,886 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €410,827 | €1,157,714 | +€746,886 | +182% |
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 18 October 2026 via checked.be.