BRUVACON: 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.
BRUVACON
Largest movements
- Cash -€87,400
down €87,400 (-39.8%), from €219,433 to €132,033
mainly Investment in fixed assets (net) (-€81,228) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets +€59,022
up €59,022 (+20.8%), from €283,117 to €342,139
of which Furniture and vehicles: +€67,427
- Debts after one year -€25,486
down €25,486 (-26.5%), from €96,119 to €70,633
- Reserves +€16,000
up €16,000 (+2.9%), from €544,049 to €560,049
of which Distributable reserves: +€16,000
- Gross operating margin -€34,446
down €34,446 (-25.7%), from €134,078 to €99,632
- Taxes -€24,950
down €24,950 (-64.0%), from €39,011 to €14,061
- Depreciation +€8,526
up €8,526 (+62.3%), from €13,680 to €22,206
- Financial income -€3,090
down €3,090 (-30.4%), from €10,163 to €7,073
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 | €782,156 | €763,866 | -€18,290 | -2.3% |
| Fixed assets | 21/28 | €283,117 | €342,139 | +€59,022 | +20.8% |
| Tangible fixed assets | 22/27 | €283,117 | €342,139 | +€59,022 | +20.8% |
| Land and buildings | 22 | €278,387 | €269,692 | -€8,695 | -3.1% |
| Plant, machinery and equipment | 23 | €3,615 | €3,905 | +€290 | +8.0% |
| Furniture and vehicles | 24 | €1,115 | €68,541 | +€67,427 | +6,050% |
| Current assets | 29/58 | €499,039 | €421,727 | -€77,312 | -15.5% |
| Amounts receivable within one year | 40/41 | €22,974 | €30,192 | +€7,218 | +31.4% |
| Trade receivables | 40 | €22,602 | €18,367 | -€4,235 | -18.7% |
| Other amounts receivable | 41 | €372 | €11,825 | +€11,454 | +3,080% |
| Current investments | 50/53 | €254,611 | €256,915 | +€2,304 | +0.9% |
| Cash at bank and in hand | 54/58 | €219,433 | €132,033 | -€87,400 | -39.8% |
| Deferred charges and accrued income | 490/1 | €2,021 | €2,587 | +€566 | +28.0% |
| Total equity and liabilities | 10/49 | €782,156 | €763,866 | -€18,290 | -2.3% |
| Equity | 10/15 | €614,064 | €630,144 | +€16,080 | +2.6% |
| Contributions | 10/11 | €68,590 | €68,590 | = | 0.0% |
| Reserves | 13 | €544,049 | €560,049 | +€16,000 | +2.9% |
| Non-distributable reserves | 130/1 | €6,859 | €6,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,859 | €6,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €190 | €190 | = | 0.0% |
| Distributable reserves | 133 | €537,000 | €553,000 | +€16,000 | +3.0% |
| Profit (loss) carried forward | 14 | €1,425 | €1,505 | +€80 | +5.6% |
| Provisions and deferred taxes | 16 | €4,074 | €4,074 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,074 | €4,074 | = | 0.0% |
| Pensions and similar obligations | 160 | €4,074 | €4,074 | = | 0.0% |
| Amounts payable | 17/49 | €164,018 | €129,648 | -€34,370 | -21.0% |
| Amounts payable after more than one year | 17 | €96,119 | €70,633 | -€25,486 | -26.5% |
| Financial debts | 170/4 | €96,119 | €70,633 | -€25,486 | -26.5% |
| Amounts payable within one year | 42/48 | €63,485 | €55,016 | -€8,469 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €25,283 | €25,486 | +€203 | +0.8% |
| Trade debts | 44 | €4,362 | €0 | -€4,362 | -100% |
| Suppliers | 440/4 | €4,362 | €0 | -€4,362 | -100% |
| Taxes, remuneration and social security | 45 | €22,998 | €20,042 | -€2,957 | -12.9% |
| Taxes | 450/3 | €20,738 | €17,782 | -€2,957 | -14.3% |
| Remuneration and social security | 454/9 | €2,260 | €2,260 | = | 0.0% |
| Other amounts payable | 47/48 | €10,841 | €9,488 | -€1,353 | -12.5% |
| Accrued charges and deferred income | 492/3 | €4,414 | €3,999 | -€415 | -9.4% |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,680 | €22,206 | +€8,526 | +62.3% |
| Other operating charges | 640/8 | €2,070 | €1,587 | -€483 | -23.3% |
| Gross operating margin | 9900 | €134,078 | €99,632 | -€34,446 | -25.7% |
| Operating profit (loss) | 9901 | €118,165 | €75,669 | -€42,496 | -36.0% |
| Financial income | 75/76B | €10,163 | €7,073 | -€3,090 | -30.4% |
| Recurring financial income | 75 | €10,163 | €7,073 | -€3,090 | -30.4% |
| Financial charges | 65/66B | €13,648 | €12,601 | -€1,047 | -7.7% |
| Recurring financial charges | 65 | €13,648 | €12,601 | -€1,047 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €114,680 | €70,141 | -€44,539 | -38.8% |
| Income taxes | 67/77 | €39,011 | €14,061 | -€24,950 | -64.0% |
| Profit (loss) for the period | 9904 | €75,669 | €56,080 | -€19,589 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,669 | €56,080 | -€19,589 | -25.9% |
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 21 October 2026 via checked.be.