BRUVACO: 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.
What changed
BRUVACO
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €1.4m+€1.7m
Equity
€25.8m
2024 · €22.7m+€3.1m
Cash
€4.6m
2024 · €880,103+€3.7m
Balance sheet total
€48.1m
2024 · €44.9m+€3.2m
Largest movements
Assets
- Cash +€3.7m
up €3.7m (+421%), from €880,103 to €4.6m
mainly Other debts (+€3.3m) and Net result for the year (+€3.1m)
- Tangible fixed assets -€635,865
down €635,865 (-4.1%), from €15.5m to €14.9m
of which Land and buildings: -€342,315
Equity and liabilities
- Other debts +€3.3m
up €3.3m, from €0 to €3.3m
- Profit (loss) carried forward +€3.1m
up €3.1m (+20.4%), from €15.4m to €18.5m
- Current portion of long-term debt -€2.2m
down €2.2m (-67.7%), from €3.2m to €1.0m
- Tax, wage and social debts +€1.1m
up €1.1m (+150%), from €713,414 to €1.8m
of which Taxes: +€1.1m
- Debts after one year -€1.0m
down €1.0m (-6.4%), from €16.3m to €15.3m
Income statement
- Gross operating margin +€2.2m
up €2.2m (+78.3%), from €2.8m to €5.1m
- Taxes +€540,417
up €540,417 (+81.9%), from €660,080 to €1.2m
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.
Result 2024
€1.4m
Gross operating margin
+€2.2m
Depreciation
-€5,388
Other operating charges
+€1,090
Financial income
+€28,129
Financial charges
+€23,071
Taxes
-€540,417
Result 2025
€3.1m
raises the resultlowers the result
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.
From operations
+€7.1m
Investment
-€200,210
Financing
-€3.2m
Cash 2024
€880,103
From operations (derived)
+€7.1m
Net result for the year
+€3.1m
Depreciation
+€813,669
Smaller working-capital items
-€10,572
Stocks and contracts
-€92,830
Receivables within one year
-€27,775
Provisions
-€30,043
Trade debts
-€1.0m
Tax, wage and social debts
+€1.1m
Advances received
+€28,038
Other debts
+€3.3m
Accrued charges and deferred income
+€13,506
Investment (derived)
-€200,210
Investment in fixed assets (net)
-€200,210
Financing
-€3.2m
Debts after one year
-€1.0m
Current portion of long-term debt
-€2.2m
Cash 2025
€4.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,874,227 | €48,101,530 | +€3.2m | +7.2% |
| Fixed assets | 21/28 | €29,334,628 | €28,721,169 | -€613,459 | -2.1% |
| Tangible fixed assets | 22/27 | €15,493,590 | €14,857,724 | -€635,865 | -4.1% |
| Land and buildings | 22 | €4,998,607 | €4,656,292 | -€342,315 | -6.8% |
| Furniture and vehicles | 24 | €1,699 | €315 | -€1,384 | -81.4% |
| Other tangible fixed assets | 26 | €10,493,283 | €10,201,117 | -€292,166 | -2.8% |
| Financial fixed assets | 28 | €13,841,038 | €13,863,445 | +€22,406 | +0.2% |
| Current assets | 29/58 | €15,539,599 | €19,380,361 | +€3.8m | +24.7% |
| Amounts receivable after more than one year | 29 | €218,750 | €225,000 | +€6,250 | +2.9% |
| Trade receivables | 290 | €218,750 | €225,000 | +€6,250 | +2.9% |
| Stocks and contracts in progress | 3 | €569,917 | €662,747 | +€92,830 | +16.3% |
| Stocks | 30/36 | €569,917 | €662,747 | +€92,830 | +16.3% |
| Amounts receivable within one year | 40/41 | €13,858,452 | €13,886,227 | +€27,775 | +0.2% |
| Trade receivables | 40 | €4,191,252 | €1,599,147 | -€2.6m | -61.8% |
| Other amounts receivable | 41 | €9,667,200 | €12,287,080 | +€2.6m | +27.1% |
| Cash at bank and in hand | 54/58 | €880,103 | €4,589,687 | +€3.7m | +421% |
| Deferred charges and accrued income | 490/1 | €12,377 | €16,700 | +€4,322 | +34.9% |
| Total equity and liabilities | 10/49 | €44,874,227 | €48,101,530 | +€3.2m | +7.2% |
| Equity | 10/15 | €22,722,389 | €25,837,546 | +€3.1m | +13.7% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Capital | 10 | €372,000 | €372,000 | = | 0.0% |
| Issued capital | 100 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €6,955,073 | €6,935,001 | -€20,072 | -0.3% |
| Non-distributable reserves | 130/1 | €37,200 | €37,200 | = | 0.0% |
| Legal reserve | 130 | €37,200 | €37,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €167,873 | €147,801 | -€20,072 | -12.0% |
| Distributable reserves | 133 | €6,750,000 | €6,750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,395,316 | €18,530,545 | +€3.1m | +20.4% |
| Provisions and deferred taxes | 16 | €99,996 | €69,953 | -€30,043 | -30.0% |
| Deferred taxes | 168 | €99,996 | €69,953 | -€30,043 | -30.0% |
| Amounts payable | 17/49 | €22,051,842 | €22,194,030 | +€142,189 | +0.6% |
| Amounts payable after more than one year | 17 | €16,308,988 | €15,268,036 | -€1.0m | -6.4% |
| Financial debts | 170/4 | €16,308,988 | €15,268,036 | -€1.0m | -6.4% |
| Amounts payable within one year | 42/48 | €5,683,134 | €6,852,769 | +€1.2m | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €3,220,952 | €1,040,952 | -€2.2m | -67.7% |
| Trade debts | 44 | €1,664,264 | €663,964 | -€1.0m | -60.1% |
| Suppliers | 440/4 | €1,664,264 | €663,964 | -€1.0m | -60.1% |
| Advances received on contracts in progress | 46 | €84,504 | €112,542 | +€28,038 | +33.2% |
| Taxes, remuneration and social security | 45 | €713,414 | €1,785,283 | +€1.1m | +150% |
| Taxes | 450/3 | €713,414 | €1,785,283 | +€1.1m | +150% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €3,250,027 | +€3.3m | |
| Accrued charges and deferred income | 492/3 | €59,720 | €73,226 | +€13,506 | +22.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €808,281 | €813,669 | +€5,388 | +0.7% |
| Other operating charges | 640/8 | €39,486 | €38,396 | -€1,090 | -2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,844,357 | €5,070,468 | +€2.2m | +78.3% |
| Operating profit (loss) | 9901 | €1,996,590 | €4,218,403 | +€2.2m | +111% |
| Financial income | 75/76B | €439,095 | €467,224 | +€28,129 | +6.4% |
| Recurring financial income | 75 | €439,095 | €460,608 | +€21,513 | +4.9% |
| Non-recurring financial income | 76B | - | €6,616 | +€6,616 | |
| Financial charges | 65/66B | €423,086 | €400,015 | -€23,071 | -5.5% |
| Recurring financial charges | 65 | €423,086 | €400,015 | -€23,071 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €2,012,599 | €4,285,612 | +€2.3m | +113% |
| Transfer from deferred taxes | 780 | €30,043 | €30,043 | = | 0.0% |
| Income taxes | 67/77 | €660,080 | €1,200,497 | +€540,417 | +81.9% |
| Profit (loss) for the period | 9904 | €1,382,561 | €3,115,157 | +€1.7m | +125% |
| Transfer from tax-exempt reserves | 789 | €20,072 | €20,072 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,402,633 | €3,135,229 | +€1.7m | +124% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.