Brucova: 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.
Brucova
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+62.4%), from €1.7m to €2.8m
of which Land and buildings: +€1.1m
- Receivables within one year +€70,609
up €70,609 (+69.6%), from €101,488 to €172,097
of which Trade receivables: +€116,395
- Debts after one year +€1.0m
up €1.0m (+67.7%), from €1.5m to €2.5m
of which Financial debts: +€685,547
- Reserves +€79,198
up €79,198 (+36.3%), from €218,238 to €297,436
- Other debts +€51,737
up €51,737 (+1239.0%), from €4,176 to €55,913
- Financial charges +€33,934
up €33,934 (+148.0%), from €22,930 to €56,865
- Depreciation +€27,144
up €27,144 (+39.9%), from €67,948 to €95,092
- Taxes -€26,077
down €26,077 (-69.0%), from €37,799 to €11,722
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 | €1,857,945 | €3,007,119 | +€1.1m | +61.9% |
| Fixed assets | 21/28 | €1,714,719 | €2,785,195 | +€1.1m | +62.4% |
| Tangible fixed assets | 22/27 | €1,714,719 | €2,785,195 | +€1.1m | +62.4% |
| Land and buildings | 22 | €1,714,519 | €2,785,147 | +€1.1m | +62.4% |
| Plant, machinery and equipment | 23 | €201 | €48 | -€153 | -76.2% |
| Current assets | 29/58 | €143,226 | €221,923 | +€78,698 | +54.9% |
| Amounts receivable within one year | 40/41 | €101,488 | €172,097 | +€70,609 | +69.6% |
| Trade receivables | 40 | €10,720 | €127,116 | +€116,395 | +1085.7% |
| Other amounts receivable | 41 | €90,768 | €44,982 | -€45,786 | -50.4% |
| Cash at bank and in hand | 54/58 | €41,738 | €49,551 | +€7,813 | +18.7% |
| Deferred charges and accrued income | 490/1 | - | €275 | +€275 | |
| Total equity and liabilities | 10/49 | €1,857,945 | €3,007,119 | +€1.1m | +61.9% |
| Equity | 10/15 | €230,838 | €310,036 | +€79,198 | +34.3% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €218,238 | €297,436 | +€79,198 | +36.3% |
| Distributable reserves | 133 | €218,238 | €297,436 | +€79,198 | +36.3% |
| Amounts payable | 17/49 | €1,627,107 | €2,697,083 | +€1.1m | +65.8% |
| Amounts payable after more than one year | 17 | €1,478,769 | €2,480,315 | +€1.0m | +67.7% |
| Financial debts | 170/4 | €1,311,169 | €1,996,715 | +€685,547 | +52.3% |
| Other amounts payable | 178/9 | €167,600 | €483,600 | +€316,000 | +188.5% |
| Amounts payable within one year | 42/48 | €135,215 | €215,254 | +€80,039 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €105,548 | €132,335 | +€26,788 | +25.4% |
| Trade debts | 44 | €872 | €7,576 | +€6,704 | +769.3% |
| Suppliers | 440/4 | €872 | €7,576 | +€6,704 | +769.3% |
| Taxes, remuneration and social security | 45 | €24,620 | €19,430 | -€5,190 | -21.1% |
| Taxes | 450/3 | €14,283 | €11,722 | -€2,561 | -17.9% |
| Remuneration and social security | 454/9 | €10,337 | €7,708 | -€2,628 | -25.4% |
| Other amounts payable | 47/48 | €4,176 | €55,913 | +€51,737 | +1239.0% |
| Accrued charges and deferred income | 492/3 | €13,124 | €1,513 | -€11,611 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,948 | €95,092 | +€27,144 | +39.9% |
| Other operating charges | 640/8 | €9,916 | €10,189 | +€274 | +2.8% |
| Gross operating margin | 9900 | €253,089 | €253,809 | +€720 | +0.3% |
| Operating profit (loss) | 9901 | €175,225 | €148,528 | -€26,697 | -15.2% |
| Financial income | 75/76B | €0 | €90 | +€90 | +99788.9% |
| Recurring financial income | 75 | €0 | €90 | +€90 | +99788.9% |
| Financial charges | 65/66B | €22,930 | €56,865 | +€33,934 | +148.0% |
| Recurring financial charges | 65 | €22,930 | €56,865 | +€33,934 | +148.0% |
| Profit (loss) for the period before taxes | 9903 | €152,295 | €91,753 | -€60,542 | -39.8% |
| Income taxes | 67/77 | €37,799 | €11,722 | -€26,077 | -69.0% |
| Profit (loss) for the period | 9904 | €114,496 | €80,031 | -€34,465 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,496 | €80,031 | -€34,465 | -30.1% |
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 6 October 2026 via checked.be.