BROUVAN: what changed
Two fiscal 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.
BROUVAN
Largest movements
- Tangible fixed assets +€448,054
up €448,054 (+229.6%), from €195,162 to €643,216
of which Land and buildings: +€450,824
- Receivables after one year -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Receivables within one year +€148,509
up €148,509 (+1050.0%), from €14,144 to €162,653
of which Other amounts receivable: +€145,232
- Cash -€94,585
down €94,585 (-46.9%), from €201,780 to €107,195
mainly Investment in fixed assets (net) (-€562,098) and Contributions, distributions and other (-€235,500)
- Debts after one year +€300,418
up €300,418 (+1466.1%), from €20,490 to €320,909
- Current portion of long-term debt +€30,953
up €30,953 (+506.1%), from €6,116 to €37,069
- Trade debts -€21,752
down €21,752 (-69.7%), from €31,193 to €9,441
- Tax, wage and social debts -€16,920
down €16,920 (-19.6%), from €86,326 to €69,406
of which Taxes: -€16,357
- Reserves +€9,698
up €9,698 (+2.0%), from €473,654 to €483,353
- Gross operating margin +€112,769
up €112,769 (+17.5%), from €644,156 to €756,924
- Depreciation +€63,439
up €63,439 (+122.9%), from €51,605 to €115,044
- Staff costs +€11,304
up €11,304 (+3.9%), from €291,187 to €302,491
- Taxes +€8,047
up €8,047 (+12.2%), from €65,760 to €73,806
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.
Cash bridge derived
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 | €637,083 | €935,394 | +€298,311 | +46.8% |
| Fixed assets | 21/28 | €197,579 | €644,633 | +€447,054 | +226.3% |
| Intangible fixed assets | 21 | €2,417 | €1,417 | -€1,000 | -41.4% |
| Tangible fixed assets | 22/27 | €195,162 | €643,216 | +€448,054 | +229.6% |
| Land and buildings | 22 | - | €450,824 | +€450,824 | |
| Plant, machinery and equipment | 23 | €101,260 | €102,781 | +€1,521 | +1.5% |
| Furniture and vehicles | 24 | €7,008 | €1,719 | -€5,290 | -75.5% |
| Other tangible fixed assets | 26 | €86,894 | €87,892 | +€998 | +1.1% |
| Current assets | 29/58 | €439,504 | €290,761 | -€148,743 | -33.8% |
| Amounts receivable after more than one year | 29 | €200,000 | €0 | -€200,000 | -100.0% |
| Other amounts receivable | 291 | €200,000 | €0 | -€200,000 | -100.0% |
| Stocks and contracts in progress | 3 | €20,700 | €17,762 | -€2,938 | -14.2% |
| Stocks | 30/36 | €20,700 | €17,762 | -€2,938 | -14.2% |
| Amounts receivable within one year | 40/41 | €14,144 | €162,653 | +€148,509 | +1050.0% |
| Trade receivables | 40 | €1,312 | €4,589 | +€3,278 | +249.8% |
| Other amounts receivable | 41 | €12,832 | €158,063 | +€145,232 | +1131.8% |
| Cash at bank and in hand | 54/58 | €201,780 | €107,195 | -€94,585 | -46.9% |
| Deferred charges and accrued income | 490/1 | €2,880 | €3,151 | +€271 | +9.4% |
| Total equity and liabilities | 10/49 | €637,083 | €935,394 | +€298,311 | +46.8% |
| Equity | 10/15 | €476,154 | €485,853 | +€9,698 | +2.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €473,654 | €483,353 | +€9,698 | +2.0% |
| Distributable reserves | 133 | €473,654 | €483,353 | +€9,698 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €160,929 | €449,541 | +€288,613 | +179.3% |
| Amounts payable after more than one year | 17 | €20,490 | €320,909 | +€300,418 | +1466.1% |
| Financial debts | 170/4 | €20,490 | €320,909 | +€300,418 | +1466.1% |
| Amounts payable within one year | 42/48 | €139,427 | €128,633 | -€10,795 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €6,116 | €37,069 | +€30,953 | +506.1% |
| Financial debts | 43 | €12,727 | €12,717 | -€10 | -0.1% |
| Credit institutions | 430/8 | €12,727 | €12,717 | -€10 | -0.1% |
| Trade debts | 44 | €31,193 | €9,441 | -€21,752 | -69.7% |
| Suppliers | 440/4 | €31,193 | €9,441 | -€21,752 | -69.7% |
| Taxes, remuneration and social security | 45 | €86,326 | €69,406 | -€16,920 | -19.6% |
| Taxes | 450/3 | €29,206 | €12,849 | -€16,357 | -56.0% |
| Remuneration and social security | 454/9 | €57,120 | €56,557 | -€563 | -1.0% |
| Other amounts payable | 47/48 | €3,065 | €0 | -€3,065 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,011 | €0 | -€1,011 | -100.0% |
| Remuneration, social security and pensions | 62 | €291,187 | €302,491 | +€11,304 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,605 | €115,044 | +€63,439 | +122.9% |
| Other operating charges | 640/8 | €8,821 | €13,556 | +€4,735 | +53.7% |
| Gross operating margin | 9900 | €644,156 | €756,924 | +€112,769 | +17.5% |
| Operating profit (loss) | 9901 | €292,543 | €325,833 | +€33,290 | +11.4% |
| Financial income | 75/76B | €3,114 | €6,465 | +€3,350 | +107.6% |
| Recurring financial income | 75 | €3,114 | €6,465 | +€3,350 | +107.6% |
| Financial charges | 65/66B | €12,155 | €13,293 | +€1,138 | +9.4% |
| Recurring financial charges | 65 | €12,155 | €13,293 | +€1,138 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €283,502 | €319,005 | +€35,503 | +12.5% |
| Income taxes | 67/77 | €65,760 | €73,806 | +€8,047 | +12.2% |
| Profit (loss) for the period | 9904 | €217,742 | €245,198 | +€27,456 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €217,742 | €245,198 | +€27,456 | +12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.