BROVA: 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.
BROVA
Largest movements
- Tangible fixed assets -€423,969
down €423,969 (-29.8%), from €1.4m to €1.0m
of which Land and buildings: -€311,206
- Short-term financial debts -€285,699
down €285,699 (-96.3%), from €296,768 to €11,069
- Other debts -€141,968
down €141,968 (-98.0%), from €144,936 to €2,968
- Debts after one year -€27,044
down €27,044 (-5.0%), from €544,596 to €517,552
- Trade debts +€22,179
up €22,179 (+136.3%), from €16,277 to €38,456
- Current portion of long-term debt +€16,152
up €16,152 (+15.2%), from €106,333 to €122,485
- Other operating charges +€25,473
up €25,473 (+1020.5%), from €2,496 to €27,969
- Financial charges +€13,735
up €13,735 (+41.5%), from €33,119 to €46,855
- Taxes -€13,454
down €13,454 (-38.9%), from €34,589 to €21,135
- Depreciation +€8,368
up €8,368 (+7.3%), from €114,977 to €123,345
- Gross operating margin +€8,050
up €8,050 (+3.7%), from €217,164 to €225,214
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 | €1,447,348 | €1,018,834 | -€428,514 | -29.6% |
| Fixed assets | 21/28 | €1,430,133 | €1,006,164 | -€423,969 | -29.6% |
| Tangible fixed assets | 22/27 | €1,424,883 | €1,000,914 | -€423,969 | -29.8% |
| Land and buildings | 22 | €1,047,757 | €736,552 | -€311,206 | -29.7% |
| Plant, machinery and equipment | 23 | €41,612 | €1,226 | -€40,386 | -97.1% |
| Furniture and vehicles | 24 | €58,887 | €28,029 | -€30,858 | -52.4% |
| Leasing and similar rights | 25 | €46,334 | €18,562 | -€27,771 | -59.9% |
| Other tangible fixed assets | 26 | €230,293 | €216,546 | -€13,747 | -6.0% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €17,215 | €12,670 | -€4,545 | -26.4% |
| Amounts receivable within one year | 40/41 | €15,399 | €12,469 | -€2,931 | -19.0% |
| Trade receivables | 40 | €7,899 | €3,513 | -€4,386 | -55.5% |
| Other amounts receivable | 41 | €7,500 | €8,955 | +€1,455 | +19.4% |
| Cash at bank and in hand | 54/58 | €425 | €0 | -€425 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,391 | €201 | -€1,190 | -85.6% |
| Total equity and liabilities | 10/49 | €1,447,348 | €1,018,834 | -€428,514 | -29.6% |
| Equity | 10/15 | €284,993 | €271,838 | -€13,155 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €924 | €0 | -€924 | -100.0% |
| Reserves | 13 | €265,469 | €253,238 | -€12,231 | -4.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €265,469 | €253,238 | -€12,231 | -4.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,162,354 | €746,996 | -€415,359 | -35.7% |
| Amounts payable after more than one year | 17 | €544,596 | €517,552 | -€27,044 | -5.0% |
| Financial debts | 170/4 | €544,596 | €517,552 | -€27,044 | -5.0% |
| Amounts payable within one year | 42/48 | €617,759 | €228,598 | -€389,161 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €106,333 | €122,485 | +€16,152 | +15.2% |
| Financial debts | 43 | €296,768 | €11,069 | -€285,699 | -96.3% |
| Credit institutions | 430/8 | €296,768 | €11,069 | -€285,699 | -96.3% |
| Trade debts | 44 | €16,277 | €38,456 | +€22,179 | +136.3% |
| Suppliers | 440/4 | €16,277 | €38,456 | +€22,179 | +136.3% |
| Taxes, remuneration and social security | 45 | €53,445 | €53,620 | +€175 | +0.3% |
| Taxes | 450/3 | €53,445 | €51,281 | -€2,165 | -4.1% |
| Remuneration and social security | 454/9 | €0 | €2,340 | +€2,340 | |
| Other amounts payable | 47/48 | €144,936 | €2,968 | -€141,968 | -98.0% |
| Accrued charges and deferred income | 492/3 | - | €846 | +€846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,977 | €123,345 | +€8,368 | +7.3% |
| Other operating charges | 640/8 | €2,496 | €27,969 | +€25,473 | +1020.5% |
| Non-recurring operating charges | 66A | - | €18,142 | +€18,142 | |
| Gross operating margin | 9900 | €217,164 | €225,214 | +€8,050 | +3.7% |
| Operating profit (loss) | 9901 | €99,691 | €55,758 | -€43,932 | -44.1% |
| Financial income | 75/76B | €124 | €0 | -€124 | -100.0% |
| Recurring financial income | 75 | €124 | €0 | -€124 | -100.0% |
| Financial charges | 65/66B | €33,119 | €46,855 | +€13,735 | +41.5% |
| Recurring financial charges | 65 | €33,119 | €46,855 | +€13,735 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €66,695 | €8,903 | -€57,792 | -86.7% |
| Income taxes | 67/77 | €34,589 | €21,135 | -€13,454 | -38.9% |
| Profit (loss) for the period | 9904 | €32,107 | -€12,231 | -€44,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,107 | -€12,231 | -€44,338 |
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 12 October 2026 via checked.be.