BROVAN: 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.
BROVAN
Largest movements
- Receivables within one year -€38,865
down €38,865 (-58.4%), from €66,591 to €27,726
of which Other amounts receivable: -€52,688
- Cash -€27,382
down €27,382 (-92.4%), from €29,628 to €2,246
mainly Net result for the year (-€54,214) and Investment in fixed assets (net) (-€27,200)
- Tangible fixed assets -€20,012
down €20,012 (-6.4%), from €313,490 to €293,478
- Deferred charges and accrued income +€5,532
up €5,532 (+65.0%), from €8,510 to €14,042
- Profit (loss) carried forward -€54,214
down €54,214 (-43.2%), from -€125,408 to -€179,621
- Trade debts -€26,538
down €26,538 (-58.6%), from €45,315 to €18,777
- Gross operating margin +€12,165
up €12,165, from -€356 to €11,810
- Depreciation +€5,683
up €5,683 (+13.7%), from €41,529 to €47,212
- Financial income -€1,420
down €1,420 (-59.3%), from €2,395 to €975
- Other operating charges +€585
up €585 (+3.2%), from €18,491 to €19,076
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 | €418,234 | €337,507 | -€80,728 | -19.3% |
| Fixed assets | 21/28 | €313,505 | €293,493 | -€20,012 | -6.4% |
| Tangible fixed assets | 22/27 | €313,490 | €293,478 | -€20,012 | -6.4% |
| Land and buildings | 22 | €313,490 | €293,478 | -€20,012 | -6.4% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €104,729 | €44,014 | -€60,715 | -58.0% |
| Amounts receivable within one year | 40/41 | €66,591 | €27,726 | -€38,865 | -58.4% |
| Trade receivables | 40 | - | €13,823 | +€13,823 | |
| Other amounts receivable | 41 | €66,591 | €13,903 | -€52,688 | -79.1% |
| Cash at bank and in hand | 54/58 | €29,628 | €2,246 | -€27,382 | -92.4% |
| Deferred charges and accrued income | 490/1 | €8,510 | €14,042 | +€5,532 | +65.0% |
| Total equity and liabilities | 10/49 | €418,234 | €337,507 | -€80,728 | -19.3% |
| Equity | 10/15 | €372,382 | €318,169 | -€54,214 | -14.6% |
| Contributions | 10/11 | €442,548 | €442,548 | = | 0.0% |
| Capital | 10 | €442,548 | €442,548 | = | 0.0% |
| Issued capital | 100 | €442,548 | €442,548 | = | 0.0% |
| Reserves | 13 | €55,242 | €55,242 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,391 | €4,391 | = | 0.0% |
| Legal reserve | 130 | €4,391 | €4,391 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,851 | €50,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,408 | -€179,621 | -€54,214 | -43.2% |
| Amounts payable | 17/49 | €45,852 | €19,338 | -€26,514 | -57.8% |
| Amounts payable within one year | 42/48 | €45,852 | €19,338 | -€26,514 | -57.8% |
| Trade debts | 44 | €45,315 | €18,777 | -€26,538 | -58.6% |
| Suppliers | 440/4 | €45,315 | €18,777 | -€26,538 | -58.6% |
| Taxes, remuneration and social security | 45 | €537 | €561 | +€23 | +4.3% |
| Taxes | 450/3 | €537 | €561 | +€23 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,529 | €47,212 | +€5,683 | +13.7% |
| Other operating charges | 640/8 | €18,491 | €19,076 | +€585 | +3.2% |
| Gross operating margin | 9900 | -€356 | €11,810 | +€12,165 | |
| Operating profit (loss) | 9901 | -€60,375 | -€54,478 | +€5,897 | +9.8% |
| Financial income | 75/76B | €2,395 | €975 | -€1,420 | -59.3% |
| Recurring financial income | 75 | €2,395 | €975 | -€1,420 | -59.3% |
| Financial charges | 65/66B | €80 | €150 | +€70 | +88.2% |
| Recurring financial charges | 65 | €80 | €150 | +€70 | +88.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,060 | -€53,653 | +€4,407 | +7.6% |
| Income taxes | 67/77 | €537 | €561 | +€23 | +4.3% |
| Profit (loss) for the period | 9904 | -€58,597 | -€54,214 | +€4,384 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,597 | -€54,214 | +€4,384 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.