BROLIN: 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
BROLIN
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
€33,197
2024 · €308,700-€275,503
Equity
€1.0m
2024 · €813,021+€196,913
Cash
€39,512
2024 · €116,904-€77,393
Balance sheet total
€11.3m
2024 · €6.9m+€4.4m
Largest movements
Assets
- Tangible fixed assets +€4.3m
up €4.3m (+65.6%), from €6.6m to €10.9m
of which Land and buildings: +€4.2m
- Financial fixed assets +€300,002
new in 2025: €300,002
- Receivables within one year -€154,540
down €154,540 (-94.5%), from €163,524 to €8,984
of which Other amounts receivable: -€158,540
Equity and liabilities
- Debts after one year +€4.2m
up €4.2m (+73.9%), from €5.7m to €9.8m
of which Financial debts: +€3.4m
- Revaluation surpluses +€163,716
up €163,716 (+33.3%), from €491,148 to €654,863
Income statement
- Gross operating margin -€328,179
down €328,179 (-41.0%), from €799,684 to €471,505
- Financial charges +€92,778
up €92,778 (+61.2%), from €151,476 to €244,254
- Depreciation -€82,088
down €82,088 (-35.5%), from €231,090 to €149,002
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
€308,700
Gross operating margin
-€328,179
Depreciation
+€82,088
Other operating charges
+€63
Other operating items
-€11,452
Financial charges
-€92,778
Taxes
+€382
Deferred taxes and other
+€74,373
Result 2025
€33,197
raises the resultlowers the resultnot broken down further in the accounts
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
+€343,415
Investment
-€4.8m
Financing
+€4.3m
Cash 2024
€116,904
From operations (derived)
+€343,415
Net result for the year
+€33,197
Depreciation
+€149,002
Receivables within one year
+€154,540
Smaller working-capital items
+€6,819
Trade debts
-€72,490
Tax, wage and social debts
+€22,347
Other debts
+€50,000
Investment (derived)
-€4.8m
Investment in fixed assets (net)
-€4.8m
Financing
+€4.3m
Debts after one year
+€4.2m
Current portion of long-term debt
+€2,830
Contributions, distributions and other
+€163,716
Cash 2025
€39,512
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,865,985 | €11,252,629 | +€4.4m | +63.9% |
| Fixed assets | 21/28 | €6,585,057 | €11,203,614 | +€4.6m | +70.1% |
| Tangible fixed assets | 22/27 | €6,585,057 | €10,903,612 | +€4.3m | +65.6% |
| Land and buildings | 22 | €5,602,761 | €9,757,601 | +€4.2m | +74.2% |
| Other tangible fixed assets | 26 | €982,295 | €1,146,011 | +€163,716 | +16.7% |
| Financial fixed assets | 28 | - | €300,002 | +€300,002 | |
| Current assets | 29/58 | €280,928 | €49,016 | -€231,913 | -82.6% |
| Amounts receivable within one year | 40/41 | €163,524 | €8,984 | -€154,540 | -94.5% |
| Trade receivables | 40 | €4,984 | €8,984 | +€4,000 | +80.3% |
| Other amounts receivable | 41 | €158,540 | €0 | -€158,540 | -100% |
| Cash at bank and in hand | 54/58 | €116,904 | €39,512 | -€77,393 | -66.2% |
| Deferred charges and accrued income | 490/1 | €500 | €520 | +€20 | +4.0% |
| Total equity and liabilities | 10/49 | €6,865,985 | €11,252,629 | +€4.4m | +63.9% |
| Equity | 10/15 | €813,021 | €1,009,934 | +€196,913 | +24.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €491,148 | €654,863 | +€163,716 | +33.3% |
| Reserves | 13 | €315,674 | €348,871 | +€33,197 | +10.5% |
| Tax-exempt reserves | 132 | €307,713 | €298,364 | -€9,349 | -3.0% |
| Distributable reserves | 133 | €7,960 | €50,506 | +€42,546 | +534% |
| Provisions and deferred taxes | 16 | €72,180 | €69,987 | -€2,193 | -3.0% |
| Deferred taxes | 168 | €72,180 | €69,987 | -€2,193 | -3.0% |
| Amounts payable | 17/49 | €5,980,784 | €10,172,709 | +€4.2m | +70.1% |
| Amounts payable after more than one year | 17 | €5,659,990 | €9,840,195 | +€4.2m | +73.9% |
| Financial debts | 170/4 | €4,326,018 | €7,718,723 | +€3.4m | +78.4% |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €1,333,972 | €2,121,472 | +€787,500 | +59.0% |
| Amounts payable within one year | 42/48 | €289,838 | €292,525 | +€2,688 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €154,465 | €157,295 | +€2,830 | +1.8% |
| Trade debts | 44 | €80,597 | €8,108 | -€72,490 | -89.9% |
| Suppliers | 440/4 | €80,597 | €8,108 | -€72,490 | -89.9% |
| Taxes, remuneration and social security | 45 | €20,857 | €43,204 | +€22,347 | +107% |
| Taxes | 450/3 | €20,857 | €43,204 | +€22,347 | +107% |
| Other amounts payable | 47/48 | €33,919 | €83,919 | +€50,000 | +147% |
| Accrued charges and deferred income | 492/3 | €30,957 | €39,989 | +€9,032 | +29.2% |
| Non-recurring operating income | 76A | €458,977 | €0 | -€458,977 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,090 | €149,002 | -€82,088 | -35.5% |
| Other operating charges | 640/8 | €1,646 | €1,583 | -€63 | -3.8% |
| Non-recurring operating charges | 66A | - | €11,452 | +€11,452 | |
| Gross operating margin | 9900 | €799,684 | €471,505 | -€328,179 | -41.0% |
| Operating profit (loss) | 9901 | €566,947 | €309,468 | -€257,479 | -45.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €151,476 | €244,254 | +€92,778 | +61.2% |
| Recurring financial charges | 65 | €151,476 | €244,254 | +€92,778 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €415,472 | €65,214 | -€350,258 | -84.3% |
| Transfer from deferred taxes | 780 | €1,639 | €2,193 | +€554 | +33.8% |
| Transfer to deferred taxes | 680 | €73,818 | €0 | -€73,818 | -100% |
| Income taxes | 67/77 | €34,592 | €34,210 | -€382 | -1.1% |
| Profit (loss) for the period | 9904 | €308,700 | €33,197 | -€275,503 | -89.2% |
| Transfer from tax-exempt reserves | 789 | €6,986 | €9,349 | +€2,363 | +33.8% |
| Transfer to tax-exempt reserves | 689 | €314,699 | €0 | -€314,699 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €987 | €42,546 | +€41,559 | +4,212% |
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 17 October 2026 via checked.be.