BRUVAN: 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.
BRUVAN
Largest movements
- Cash -€7,602
down €7,602 (-31.2%), from €24,333 to €16,730
mainly Investment in fixed assets (net) (-€38,889) and Debts after one year (-€13,574)
- Debts after one year -€13,574
down €13,574 (-39.4%), from €34,483 to €20,909
- Profit (loss) carried forward +€11,324
up €11,324 (+10.6%), from -€107,255 to -€95,931
- Gross operating margin -€2,105
down €2,105 (-2.6%), from €82,323 to €80,218
- Depreciation +€2,098
up €2,098 (+6.9%), from €30,557 to €32,655
- Financial income +€834
up €834 (+97.9%), from €852 to €1,686
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 | €746,267 | €745,266 | -€1,001 | -0.1% |
| Fixed assets | 21/28 | €653,940 | €660,175 | +€6,234 | +1.0% |
| Tangible fixed assets | 22/27 | €653,940 | €660,175 | +€6,234 | +1.0% |
| Land and buildings | 22 | €649,974 | €656,962 | +€6,988 | +1.1% |
| Plant, machinery and equipment | 23 | €2,076 | €1,637 | -€440 | -21.2% |
| Furniture and vehicles | 24 | €1,890 | €1,576 | -€314 | -16.6% |
| Current assets | 29/58 | €92,327 | €85,091 | -€7,236 | -7.8% |
| Amounts receivable within one year | 40/41 | €256 | €506 | +€250 | +97.9% |
| Other amounts receivable | 41 | €256 | €506 | +€250 | +97.9% |
| Current investments | 50/53 | €65,000 | €65,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,333 | €16,730 | -€7,602 | -31.2% |
| Deferred charges and accrued income | 490/1 | €2,738 | €2,855 | +€117 | +4.3% |
| Total equity and liabilities | 10/49 | €746,267 | €745,266 | -€1,001 | -0.1% |
| Equity | 10/15 | €369,745 | €381,069 | +€11,324 | +3.1% |
| Contributions | 10/11 | €477,000 | €477,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,255 | -€95,931 | +€11,324 | +10.6% |
| Amounts payable | 17/49 | €376,522 | €364,197 | -€12,325 | -3.3% |
| Amounts payable after more than one year | 17 | €34,483 | €20,909 | -€13,574 | -39.4% |
| Financial debts | 170/4 | €34,483 | €20,909 | -€13,574 | -39.4% |
| Amounts payable within one year | 42/48 | €325,718 | €327,243 | +€1,525 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €13,288 | €13,574 | +€286 | +2.2% |
| Trade debts | 44 | €102 | €848 | +€746 | +729.2% |
| Suppliers | 440/4 | €102 | €848 | +€746 | +729.2% |
| Taxes, remuneration and social security | 45 | €6,829 | €6,705 | -€124 | -1.8% |
| Taxes | 450/3 | €6,829 | €6,705 | -€124 | -1.8% |
| Other amounts payable | 47/48 | €305,500 | €306,117 | +€617 | +0.2% |
| Accrued charges and deferred income | 492/3 | €16,321 | €16,044 | -€277 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,557 | €32,655 | +€2,098 | +6.9% |
| Other operating charges | 640/8 | €14,211 | €14,328 | +€117 | +0.8% |
| Gross operating margin | 9900 | €82,323 | €80,218 | -€2,105 | -2.6% |
| Operating profit (loss) | 9901 | €37,555 | €33,235 | -€4,321 | -11.5% |
| Financial income | 75/76B | €852 | €1,686 | +€834 | +97.9% |
| Recurring financial income | 75 | €852 | €1,686 | +€834 | +97.9% |
| Financial charges | 65/66B | €24,135 | €23,597 | -€538 | -2.2% |
| Recurring financial charges | 65 | €24,135 | €23,597 | -€538 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €14,272 | €11,324 | -€2,948 | -20.7% |
| Profit (loss) for the period | 9904 | €14,272 | €11,324 | -€2,948 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,272 | €11,324 | -€2,948 | -20.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.