BRUVANI: 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.
BRUVANI
Largest movements
- Stocks and contracts +€150,304
up €150,304 (+261%), from €57,688 to €207,992
- Cash -€95,350
down €95,350 (-43.2%), from €220,621 to €125,271
mainly Stocks and contracts (-€150,304) and Tax, wage and social debts (-€29,757)
- Receivables within one year -€46,304
down €46,304 (-60.9%), from €76,056 to €29,752
of which Trade receivables: -€46,297
- Tax, wage and social debts -€29,757
down €29,757 (-58.3%), from €50,999 to €21,242
of which Taxes: -€29,757
- Trade debts +€28,780
up €28,780 (+33.8%), from €85,069 to €113,849
- Reserves +€10,000
up €10,000 (+20.0%), from €50,000 to €60,000
- Gross operating margin -€16,301
down €16,301 (-40.8%), from €39,924 to €23,624
- Write-downs +€12,505
no longer reported in 2025 (was -€12,505)
- Taxes +€3,756
new in 2025: €3,756
- Financial charges -€1,486
down €1,486 (-17.3%), from €8,604 to €7,117
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 | €361,711 | €369,519 | +€7,809 | +2.2% |
| Fixed assets | 21/28 | €1,132 | €1,602 | +€470 | +41.5% |
| Tangible fixed assets | 22/27 | €1,092 | €1,562 | +€470 | +43.0% |
| Furniture and vehicles | 24 | €120 | €933 | +€813 | +677% |
| Other tangible fixed assets | 26 | €972 | €629 | -€343 | -35.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €360,578 | €367,917 | +€7,339 | +2.0% |
| Stocks and contracts in progress | 3 | €57,688 | €207,992 | +€150,304 | +261% |
| Stocks | 30/36 | €57,688 | €207,992 | +€150,304 | +261% |
| Amounts receivable within one year | 40/41 | €76,056 | €29,752 | -€46,304 | -60.9% |
| Trade receivables | 40 | €75,954 | €29,657 | -€46,297 | -61.0% |
| Other amounts receivable | 41 | €102 | €95 | -€6 | -6.2% |
| Cash at bank and in hand | 54/58 | €220,621 | €125,271 | -€95,350 | -43.2% |
| Deferred charges and accrued income | 490/1 | €6,213 | €4,902 | -€1,311 | -21.1% |
| Total equity and liabilities | 10/49 | €361,711 | €369,519 | +€7,809 | +2.2% |
| Equity | 10/15 | €69,942 | €80,885 | +€10,943 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Distributable reserves | 133 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Profit (loss) carried forward | 14 | €1,342 | €2,285 | +€943 | +70.2% |
| Amounts payable | 17/49 | €291,768 | €288,634 | -€3,134 | -1.1% |
| Amounts payable within one year | 42/48 | €289,623 | €288,634 | -€989 | -0.3% |
| Financial debts | 43 | €150,212 | €150,623 | +€411 | +0.3% |
| Credit institutions | 430/8 | €150,212 | €150,623 | +€411 | +0.3% |
| Trade debts | 44 | €85,069 | €113,849 | +€28,780 | +33.8% |
| Suppliers | 440/4 | €85,069 | €113,849 | +€28,780 | +33.8% |
| Taxes, remuneration and social security | 45 | €50,999 | €21,242 | -€29,757 | -58.3% |
| Taxes | 450/3 | €49,499 | €19,742 | -€29,757 | -60.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €3,344 | €2,921 | -€423 | -12.7% |
| Accrued charges and deferred income | 492/3 | €2,145 | - | -€2,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715 | €546 | -€169 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,505 | - | +€12,505 | |
| Other operating charges | 640/8 | €1,219 | €1,451 | +€232 | +19.0% |
| Gross operating margin | 9900 | €39,924 | €23,624 | -€16,301 | -40.8% |
| Operating profit (loss) | 9901 | €50,496 | €21,627 | -€28,869 | -57.2% |
| Financial income | 75/76B | €216 | €190 | -€26 | -12.1% |
| Recurring financial income | 75 | €216 | €190 | -€26 | -12.1% |
| Financial charges | 65/66B | €8,604 | €7,117 | -€1,486 | -17.3% |
| Recurring financial charges | 65 | €8,604 | €7,117 | -€1,486 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €42,108 | €14,699 | -€27,409 | -65.1% |
| Income taxes | 67/77 | - | €3,756 | +€3,756 | |
| Profit (loss) for the period | 9904 | €42,108 | €10,943 | -€31,165 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,108 | €10,943 | -€31,165 | -74.0% |
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 17 October 2026 via checked.be.