BROVEE: 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.
BROVEE
Largest movements
- Receivables after one year -€59,476
down €59,476 (-45.0%), from €132,064 to €72,588
- Tangible fixed assets -€34,892
down €34,892 (-36.0%), from €96,985 to €62,093
- Cash +€34,804
up €34,804 (+29.5%), from €118,111 to €152,915
mainly Receivables after one year (+€59,476) and Trade debts (+€51,202)
- Receivables within one year +€32,552
up €32,552 (+91.1%), from €35,752 to €68,304
of which Other amounts receivable: +€38,332
- Stocks and contracts +€7,839
up €7,839 (+3.7%), from €214,293 to €222,132
- Reserves -€69,558
down €69,558 (-25.0%), from €278,676 to €209,118
of which Distributable reserves: -€66,360
- Trade debts +€51,202
up €51,202 (+57.7%), from €88,790 to €139,992
- Gross operating margin -€11,531
down €11,531 (-9.9%), from €117,015 to €105,485
- Staff costs +€3,671
up €3,671 (+11.2%), from €32,736 to €36,407
- Depreciation -€3,144
down €3,144 (-5.9%), from €52,893 to €49,749
- Taxes -€2,675
down €2,675 (-34.3%), from €7,792 to €5,118
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 | €604,991 | €586,587 | -€18,405 | -3.0% |
| Fixed assets | 21/28 | €96,985 | €63,593 | -€33,392 | -34.4% |
| Tangible fixed assets | 22/27 | €96,985 | €62,093 | -€34,892 | -36.0% |
| Land and buildings | 22 | €52,023 | €44,324 | -€7,699 | -14.8% |
| Plant, machinery and equipment | 23 | €30,292 | €13,411 | -€16,881 | -55.7% |
| Furniture and vehicles | 24 | €14,671 | €4,358 | -€10,312 | -70.3% |
| Financial fixed assets | 28 | €0 | €1,500 | +€1,500 | |
| Current assets | 29/58 | €508,006 | €522,993 | +€14,987 | +3.0% |
| Amounts receivable after more than one year | 29 | €132,064 | €72,588 | -€59,476 | -45.0% |
| Other amounts receivable | 291 | €132,064 | €72,588 | -€59,476 | -45.0% |
| Stocks and contracts in progress | 3 | €214,293 | €222,132 | +€7,839 | +3.7% |
| Stocks | 30/36 | €214,293 | €222,132 | +€7,839 | +3.7% |
| Amounts receivable within one year | 40/41 | €35,752 | €68,304 | +€32,552 | +91.1% |
| Trade receivables | 40 | €16,794 | €11,014 | -€5,780 | -34.4% |
| Other amounts receivable | 41 | €18,958 | €57,289 | +€38,332 | +202.2% |
| Cash at bank and in hand | 54/58 | €118,111 | €152,915 | +€34,804 | +29.5% |
| Deferred charges and accrued income | 490/1 | €7,787 | €7,054 | -€732 | -9.4% |
| Total equity and liabilities | 10/49 | €604,991 | €586,587 | -€18,405 | -3.0% |
| Equity | 10/15 | €432,268 | €362,710 | -€69,558 | -16.1% |
| Contributions | 10/11 | €153,592 | €153,592 | = | 0.0% |
| Reserves | 13 | €278,676 | €209,118 | -€69,558 | -25.0% |
| Non-distributable reserves | 130/1 | €3,198 | €0 | -€3,198 | -100.0% |
| Reserves not available under the articles | 1311 | €3,198 | €0 | -€3,198 | -100.0% |
| Tax-exempt reserves | 132 | €45,307 | €45,307 | = | 0.0% |
| Distributable reserves | 133 | €230,171 | €163,811 | -€66,360 | -28.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,723 | €223,876 | +€51,153 | +29.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €172,723 | €223,876 | +€51,153 | +29.6% |
| Trade debts | 44 | €88,790 | €139,992 | +€51,202 | +57.7% |
| Suppliers | 440/4 | €88,790 | €139,992 | +€51,202 | +57.7% |
| Taxes, remuneration and social security | 45 | €3,683 | €3,806 | +€123 | +3.4% |
| Remuneration and social security | 454/9 | €3,683 | €3,806 | +€123 | +3.4% |
| Other amounts payable | 47/48 | €80,250 | €80,078 | -€172 | -0.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €32,736 | €36,407 | +€3,671 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,893 | €49,749 | -€3,144 | -5.9% |
| Other operating charges | 640/8 | €7,715 | €7,867 | +€152 | +2.0% |
| Gross operating margin | 9900 | €117,015 | €105,485 | -€11,531 | -9.9% |
| Operating profit (loss) | 9901 | €23,671 | €11,462 | -€12,210 | -51.6% |
| Financial income | 75/76B | €301 | €0 | -€301 | -100.0% |
| Recurring financial income | 75 | €301 | €0 | -€301 | -100.0% |
| Financial charges | 65/66B | €63 | €902 | +€839 | +1341.3% |
| Recurring financial charges | 65 | €63 | €902 | +€839 | +1341.3% |
| Profit (loss) for the period before taxes | 9903 | €23,910 | €10,560 | -€13,350 | -55.8% |
| Income taxes | 67/77 | €7,792 | €5,118 | -€2,675 | -34.3% |
| Profit (loss) for the period | 9904 | €16,117 | €5,442 | -€10,675 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,117 | €5,442 | -€10,675 | -66.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.