BROVAN: 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.
BROVAN
Largest movements
- Intangible fixed assets +€28,630
new in 2025: €28,630
- Current investments +€20,991
up €20,991 (+16.7%), from €125,796 to €146,787
- Receivables within one year -€16,167
down €16,167 (-9.4%), from €171,375 to €155,208
of which Other amounts receivable: -€11,712
- Tangible fixed assets -€6,645
down €6,645 (-33.0%), from €20,163 to €13,518
of which Land and buildings: -€4,284
- Other debts +€30,048
up €30,048 (+100%), from €30,010 to €60,058
- Reserves -€20,436
down €20,436 (-5.1%), from €396,979 to €376,543
of which Distributable reserves: -€20,436
- Debts after one year +€17,346
up €17,346 (+249%), from €6,953 to €24,299
- Current portion of long-term debt +€9,956
up €9,956 (+602%), from €1,655 to €11,612
- Trade debts -€5,499
down €5,499 (-19.9%), from €27,562 to €22,063
- Gross operating margin +€22,363
up €22,363 (+192%), from €11,631 to €33,994
- Taxes +€5,069
up €5,069 (+472%), from €1,075 to €6,144
- Financial charges +€3,483
up €3,483 (+650%), from €536 to €4,018
- Other operating charges +€1,478
up €1,478 (+75.7%), from €1,952 to €3,430
- Financial income +€631
up €631 (+86.6%), from €729 to €1,360
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 | €466,501 | €502,804 | +€36,303 | +7.8% |
| Fixed assets | 21/28 | €131,056 | €153,041 | +€21,985 | +16.8% |
| Intangible fixed assets | 21 | - | €28,630 | +€28,630 | |
| Tangible fixed assets | 22/27 | €20,163 | €13,518 | -€6,645 | -33.0% |
| Land and buildings | 22 | €6,425 | €2,142 | -€4,284 | -66.7% |
| Furniture and vehicles | 24 | €3,198 | €2,008 | -€1,191 | -37.2% |
| Other tangible fixed assets | 26 | €10,540 | €9,368 | -€1,171 | -11.1% |
| Financial fixed assets | 28 | €110,893 | €110,893 | = | 0.0% |
| Current assets | 29/58 | €335,445 | €349,763 | +€14,318 | +4.3% |
| Stocks and contracts in progress | 3 | €32,712 | €37,185 | +€4,473 | +13.7% |
| Stocks | 30/36 | €32,712 | €37,185 | +€4,473 | +13.7% |
| Amounts receivable within one year | 40/41 | €171,375 | €155,208 | -€16,167 | -9.4% |
| Trade receivables | 40 | €89,965 | €85,509 | -€4,455 | -5.0% |
| Other amounts receivable | 41 | €81,411 | €69,699 | -€11,712 | -14.4% |
| Current investments | 50/53 | €125,796 | €146,787 | +€20,991 | +16.7% |
| Cash at bank and in hand | 54/58 | €5,187 | €8,970 | +€3,784 | +72.9% |
| Deferred charges and accrued income | 490/1 | €375 | €1,612 | +€1,237 | +330% |
| Total equity and liabilities | 10/49 | €466,501 | €502,804 | +€36,303 | +7.8% |
| Equity | 10/15 | €396,501 | €375,698 | -€20,803 | -5.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €396,979 | €376,543 | -€20,436 | -5.1% |
| Tax-exempt reserves | 132 | €2,188 | €2,188 | = | 0.0% |
| Distributable reserves | 133 | €394,791 | €374,355 | -€20,436 | -5.2% |
| Profit (loss) carried forward | 14 | -€7,512 | -€7,512 | = | 0.0% |
| Investment grants | 15 | €734 | €367 | -€367 | -50.0% |
| Provisions and deferred taxes | 16 | €378 | €189 | -€189 | -50.0% |
| Deferred taxes | 168 | €378 | €189 | -€189 | -50.0% |
| Amounts payable | 17/49 | €69,622 | €126,917 | +€57,294 | +82.3% |
| Amounts payable after more than one year | 17 | €6,953 | €24,299 | +€17,346 | +249% |
| Financial debts | 170/4 | €6,953 | €24,299 | +€17,346 | +249% |
| Amounts payable within one year | 42/48 | €62,669 | €102,617 | +€39,949 | +63.7% |
| Current portion of amounts payable after more than one year | 42 | €1,655 | €11,612 | +€9,956 | +602% |
| Trade debts | 44 | €27,562 | €22,063 | -€5,499 | -19.9% |
| Suppliers | 440/4 | €27,562 | €22,063 | -€5,499 | -19.9% |
| Taxes, remuneration and social security | 45 | €3,442 | €8,885 | +€5,443 | +158% |
| Taxes | 450/3 | €1,767 | €7,210 | +€5,443 | +308% |
| Remuneration and social security | 454/9 | €1,675 | €1,675 | = | 0.0% |
| Other amounts payable | 47/48 | €30,010 | €60,058 | +€30,048 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,430 | €7,787 | +€357 | +4.8% |
| Other operating charges | 640/8 | €1,952 | €3,430 | +€1,478 | +75.7% |
| Gross operating margin | 9900 | €11,631 | €33,994 | +€22,363 | +192% |
| Operating profit (loss) | 9901 | €2,250 | €22,777 | +€20,527 | +912% |
| Financial income | 75/76B | €729 | €1,360 | +€631 | +86.6% |
| Recurring financial income | 75 | €729 | €1,360 | +€631 | +86.6% |
| Financial charges | 65/66B | €536 | €4,018 | +€3,483 | +650% |
| Recurring financial charges | 65 | €536 | €4,018 | +€3,483 | +650% |
| Profit (loss) for the period before taxes | 9903 | €2,443 | €20,119 | +€17,676 | +724% |
| Transfer from deferred taxes | 780 | €189 | €189 | = | 0.0% |
| Income taxes | 67/77 | €1,075 | €6,144 | +€5,069 | +472% |
| Profit (loss) for the period | 9904 | €1,557 | €14,164 | +€12,607 | +810% |
| Profit (loss) for the period to be appropriated | 9905 | €1,557 | €14,164 | +€12,607 | +810% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.