BRUVANCO: 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
BRUVANCO
NACE 23.610, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€71,960
2024 · €365,825-€437,785
Equity
€4.6m
2024 · €4.7m-€71,960
Cash
€1,245
2024 · €1,263-€19
Balance sheet total
€9.5m
2024 · €9.8m-€320,764
Largest movements
Assets
- Financial fixed assets +€713,730
up €713,730 (+162%), from €441,502 to €1.2m
- Receivables after one year -€555,364
down €555,364 (-12.1%), from €4.6m to €4.0m
- Tangible fixed assets -€398,201
down €398,201 (-9.7%), from €4.1m to €3.7m
of which Land and buildings: -€287,738
Equity and liabilities
- Other debts +€379,744
up €379,744 (+215%), from €176,543 to €556,287
- Debts after one year -€256,377
down €256,377 (-6.7%), from €3.8m to €3.6m
- Short-term financial debts -€193,046
down €193,046 (-100%), from €193,046 to €0
- Provisions -€114,758
down €114,758 (-18.0%), from €637,269 to €522,510
of which Deferred taxes: -€114,758
Income statement
- Provisions +€543,491
up €543,491, from -€543,491 to €0
- Other operating charges -€128,975
down €128,975 (-74.2%), from €173,752 to €44,776
- Gross operating margin -€117,825
down €117,825 (-38.4%), from €306,834 to €189,009
- Depreciation -€77,910
down €77,910 (-29.9%), from €260,827 to €182,917
- Staff costs -€38,209
down €38,209 (-38.6%), from €98,964 to €60,755
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
€365,825
Gross operating margin
-€117,825
Staff costs
+€38,209
Depreciation
+€77,910
Write-downs
+€933
Provisions
-€543,491
Other operating charges
+€128,975
Financial income
-€34,878
Financial charges
+€29,522
Taxes
+€32,237
Deferred taxes and other
-€49,378
Result 2025
-€71,960
raises the resultlowers the resultnot broken down further in the accounts
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
+€956,365
Investment
-€498,447
Financing
-€457,936
Cash 2024
€1,263
From operations (derived)
+€956,365
Net result for the year
-€71,960
Depreciation
+€182,917
Receivables after one year
+€555,364
Receivables within one year
+€84,131
Deferred charges and accrued income
-€3,220
Provisions
-€114,758
Trade debts
-€16,337
Tax, wage and social debts
-€10,862
Other debts
+€379,744
Accrued charges and deferred income
-€28,654
Investment (derived)
-€498,447
Investment in fixed assets (net)
-€498,447
Financing
-€457,936
Debts after one year
-€256,377
Current portion of long-term debt
-€8,514
Short-term financial debts
-€193,046
Cash 2025
€1,245
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,840,340 | €9,519,576 | -€320,764 | -3.3% |
| Fixed assets | 21/28 | €4,556,363 | €4,871,893 | +€315,530 | +6.9% |
| Tangible fixed assets | 22/27 | €4,114,861 | €3,716,660 | -€398,201 | -9.7% |
| Land and buildings | 22 | €2,571,629 | €2,283,890 | -€287,738 | -11.2% |
| Plant, machinery and equipment | 23 | €127,894 | €91,962 | -€35,932 | -28.1% |
| Furniture and vehicles | 24 | €82,240 | €57,462 | -€24,778 | -30.1% |
| Leasing and similar rights | 25 | €1,333,098 | €1,283,346 | -€49,752 | -3.7% |
| Financial fixed assets | 28 | €441,502 | €1,155,232 | +€713,730 | +162% |
| Current assets | 29/58 | €5,283,977 | €4,647,683 | -€636,294 | -12.0% |
| Amounts receivable after more than one year | 29 | €4,584,393 | €4,029,030 | -€555,364 | -12.1% |
| Other amounts receivable | 291 | €4,584,393 | €4,029,030 | -€555,364 | -12.1% |
| Amounts receivable within one year | 40/41 | €692,806 | €608,674 | -€84,131 | -12.1% |
| Trade receivables | 40 | €112,836 | €49,118 | -€63,718 | -56.5% |
| Other amounts receivable | 41 | €579,970 | €559,557 | -€20,413 | -3.5% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,263 | €1,245 | -€19 | -1.5% |
| Deferred charges and accrued income | 490/1 | €4,515 | €7,734 | +€3,220 | +71.3% |
| Total equity and liabilities | 10/49 | €9,840,340 | €9,519,576 | -€320,764 | -3.3% |
| Equity | 10/15 | €4,654,351 | €4,582,391 | -€71,960 | -1.5% |
| Contributions | 10/11 | €1,240,000 | €1,240,000 | = | 0.0% |
| Capital | 10 | €1,240,000 | €1,240,000 | = | 0.0% |
| Issued capital | 100 | €1,240,000 | €1,240,000 | = | 0.0% |
| Reserves | 13 | €3,414,351 | €3,342,391 | -€71,960 | -2.1% |
| Non-distributable reserves | 130/1 | €129,684 | €129,684 | = | 0.0% |
| Legal reserve | 130 | €124,000 | €124,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,684 | €5,684 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,410,253 | €1,737,598 | -€672,655 | -27.9% |
| Distributable reserves | 133 | €874,414 | €1,475,109 | +€600,695 | +68.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €637,269 | €522,510 | -€114,758 | -18.0% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €637,269 | €522,510 | -€114,758 | -18.0% |
| Amounts payable | 17/49 | €4,548,720 | €4,414,674 | -€134,046 | -2.9% |
| Amounts payable after more than one year | 17 | €3,817,965 | €3,561,588 | -€256,377 | -6.7% |
| Financial debts | 170/4 | €3,817,965 | €3,561,588 | -€256,377 | -6.7% |
| Amounts payable within one year | 42/48 | €668,727 | €819,713 | +€150,986 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €164,891 | €156,377 | -€8,514 | -5.2% |
| Financial debts | 43 | €193,046 | €0 | -€193,046 | -100% |
| Credit institutions | 430/8 | €193,046 | €0 | -€193,046 | -100% |
| Trade debts | 44 | €74,265 | €57,928 | -€16,337 | -22.0% |
| Suppliers | 440/4 | €74,265 | €57,928 | -€16,337 | -22.0% |
| Taxes, remuneration and social security | 45 | €59,983 | €49,121 | -€10,862 | -18.1% |
| Taxes | 450/3 | €23,333 | €38,317 | +€14,984 | +64.2% |
| Remuneration and social security | 454/9 | €36,649 | €10,804 | -€25,846 | -70.5% |
| Other amounts payable | 47/48 | €176,543 | €556,287 | +€379,744 | +215% |
| Accrued charges and deferred income | 492/3 | €62,027 | €33,373 | -€28,654 | -46.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €98,964 | €60,755 | -€38,209 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,827 | €182,917 | -€77,910 | -29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €933 | €0 | -€933 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€543,491 | €0 | +€543,491 | |
| Other operating charges | 640/8 | €173,752 | €44,776 | -€128,975 | -74.2% |
| Gross operating margin | 9900 | €306,834 | €189,009 | -€117,825 | -38.4% |
| Operating profit (loss) | 9901 | €315,849 | -€99,440 | -€415,288 | |
| Financial income | 75/76B | €50,348 | €15,470 | -€34,878 | -69.3% |
| Recurring financial income | 75 | €50,348 | €15,470 | -€34,878 | -69.3% |
| Financial charges | 65/66B | €99,112 | €69,590 | -€29,522 | -29.8% |
| Recurring financial charges | 65 | €99,112 | €69,590 | -€29,522 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €267,085 | -€153,559 | -€420,644 | |
| Transfer from deferred taxes | 780 | €164,136 | €114,758 | -€49,378 | -30.1% |
| Income taxes | 67/77 | €65,396 | €33,159 | -€32,237 | -49.3% |
| Profit (loss) for the period | 9904 | €365,825 | -€71,960 | -€437,785 | |
| Transfer from tax-exempt reserves | 789 | €492,409 | €735,805 | +€243,396 | +49.4% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €858,234 | €600,695 | -€257,539 | -30.0% |
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 13 October 2026 via checked.be.