BROVEST: 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.
BROVEST
Largest movements
- Receivables within one year -€32,408
down €32,408 (-57.7%), from €56,145 to €23,737
of which Trade receivables: -€49,800
- Other debts +€146,521
up €146,521 (+276.7%), from €52,959 to €199,479
- Debts after one year -€106,077
down €106,077 (-13.9%), from €761,602 to €655,525
- Trade debts -€36,826
down €36,826 (-45.9%), from €80,241 to €43,415
- Reserves -€23,537
down €23,537 (-14.0%), from €167,821 to €144,284
of which Distributable reserves: -€17,806
- Gross operating margin -€33,387
down €33,387 (-28.6%), from €116,883 to €83,496
- Other operating charges -€15,904
down €15,904 (-68.1%), from €23,346 to €7,442
- Depreciation +€9,054
up €9,054 (+11.8%), from €76,969 to €86,022
- Financial charges +€2,669
up €2,669 (+17.8%), from €15,002 to €17,671
- Financial income +€1,987
up €1,987 (+961.4%), from €207 to €2,194
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 | €1,275,453 | €1,240,280 | -€35,173 | -2.8% |
| Fixed assets | 21/28 | €1,209,318 | €1,212,919 | +€3,601 | +0.3% |
| Tangible fixed assets | 22/27 | €1,209,318 | €1,212,919 | +€3,601 | +0.3% |
| Land and buildings | 22 | €1,203,718 | €1,208,719 | +€5,001 | +0.4% |
| Plant, machinery and equipment | 23 | €5,600 | €4,200 | -€1,400 | -25.0% |
| Current assets | 29/58 | €66,136 | €27,361 | -€38,774 | -58.6% |
| Amounts receivable within one year | 40/41 | €56,145 | €23,737 | -€32,408 | -57.7% |
| Trade receivables | 40 | €53,593 | €3,793 | -€49,800 | -92.9% |
| Other amounts receivable | 41 | €2,552 | €19,944 | +€17,392 | +681.5% |
| Cash at bank and in hand | 54/58 | €255 | €774 | +€518 | +203.2% |
| Deferred charges and accrued income | 490/1 | €9,736 | €2,851 | -€6,885 | -70.7% |
| Total equity and liabilities | 10/49 | €1,275,453 | €1,240,280 | -€35,173 | -2.8% |
| Equity | 10/15 | €234,751 | €211,213 | -€23,537 | -10.0% |
| Contributions | 10/11 | €66,930 | €66,930 | = | 0.0% |
| Capital | 10 | €66,930 | €66,930 | = | 0.0% |
| Issued capital | 100 | €66,930 | €66,930 | = | 0.0% |
| Reserves | 13 | €167,821 | €144,284 | -€23,537 | -14.0% |
| Non-distributable reserves | 130/1 | €6,693 | €6,693 | = | 0.0% |
| Legal reserve | 130 | €6,693 | €6,693 | = | 0.0% |
| Tax-exempt reserves | 132 | €129,897 | €124,166 | -€5,731 | -4.4% |
| Distributable reserves | 133 | €31,231 | €13,425 | -€17,806 | -57.0% |
| Provisions and deferred taxes | 16 | €26,481 | €24,570 | -€1,910 | -7.2% |
| Deferred taxes | 168 | €26,481 | €24,570 | -€1,910 | -7.2% |
| Amounts payable | 17/49 | €1,014,222 | €1,004,496 | -€9,726 | -1.0% |
| Amounts payable after more than one year | 17 | €761,602 | €655,525 | -€106,077 | -13.9% |
| Financial debts | 170/4 | €761,602 | €655,525 | -€106,077 | -13.9% |
| Amounts payable within one year | 42/48 | €241,473 | €348,972 | +€107,499 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €103,710 | €106,077 | +€2,368 | +2.3% |
| Trade debts | 44 | €80,241 | €43,415 | -€36,826 | -45.9% |
| Suppliers | 440/4 | €80,241 | €43,415 | -€36,826 | -45.9% |
| Taxes, remuneration and social security | 45 | €4,564 | - | -€4,564 | |
| Taxes | 450/3 | €4,564 | - | -€4,564 | |
| Other amounts payable | 47/48 | €52,959 | €199,479 | +€146,521 | +276.7% |
| Accrued charges and deferred income | 492/3 | €11,147 | - | -€11,147 | |
| Non-recurring operating income | 76A | €13,476 | - | -€13,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,969 | €86,022 | +€9,054 | +11.8% |
| Other operating charges | 640/8 | €23,346 | €7,442 | -€15,904 | -68.1% |
| Gross operating margin | 9900 | €116,883 | €83,496 | -€33,387 | -28.6% |
| Operating profit (loss) | 9901 | €16,568 | -€9,968 | -€26,537 | |
| Financial income | 75/76B | €207 | €2,194 | +€1,987 | +961.4% |
| Recurring financial income | 75 | €207 | €2,194 | +€1,987 | +961.4% |
| Financial charges | 65/66B | €15,002 | €17,671 | +€2,669 | +17.8% |
| Recurring financial charges | 65 | €15,002 | €17,671 | +€2,669 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €1,772 | -€25,446 | -€27,218 | |
| Transfer from deferred taxes | 780 | €469 | €1,910 | +€1,442 | +307.8% |
| Income taxes | 67/77 | €969 | €2 | -€967 | -99.8% |
| Profit (loss) for the period | 9904 | €1,272 | -€23,537 | -€24,809 | |
| Transfer from tax-exempt reserves | 789 | €1,406 | €5,731 | +€4,326 | +307.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,678 | -€17,806 | -€20,484 |
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.