BRUVELT: what changed
Two fiscal 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.
BRUVELT
Largest movements
- Cash +€87,138
up €87,138 (+313.6%), from €27,789 to €114,927
mainly Other debts (+€112,910) and Net result for the year (+€46,256)
- Other debts +€112,910
up €112,910 (+17.5%), from €644,533 to €757,443
- Debts after one year -€83,250
down €83,250 (-11.5%), from €720,926 to €637,677
- Reserves +€43,056
up €43,056 (+12.3%), from €349,022 to €392,079
of which Distributable reserves: +€43,056
- Accrued charges and deferred income +€26,896
up €26,896 (+148.7%), from €18,085 to €44,981
- Taxes -€8,707
down €8,707 (-25.3%), from €34,376 to €25,669
- Financial charges +€6,483
up €6,483 (+14.9%), from €43,425 to €49,908
- Gross operating margin -€2,106
down €2,106 (-1.6%), from €129,237 to €127,131
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 | €1,859,251 | €1,958,471 | +€99,219 | +5.3% |
| Fixed assets | 21/28 | €1,805,608 | €1,804,408 | -€1,200 | -0.1% |
| Tangible fixed assets | 22/27 | €5,608 | €4,408 | -€1,200 | -21.4% |
| Land and buildings | 22 | €2,315 | €2,203 | -€112 | -4.8% |
| Furniture and vehicles | 24 | €3,293 | €2,205 | -€1,088 | -33.0% |
| Financial fixed assets | 28 | €1,800,000 | €1,800,000 | = | 0.0% |
| Current assets | 29/58 | €53,644 | €154,063 | +€100,419 | +187.2% |
| Amounts receivable within one year | 40/41 | €24,296 | €38,900 | +€14,604 | +60.1% |
| Trade receivables | 40 | €2,730 | €25,410 | +€22,680 | +830.8% |
| Other amounts receivable | 41 | €21,566 | €13,490 | -€8,076 | -37.4% |
| Cash at bank and in hand | 54/58 | €27,789 | €114,927 | +€87,138 | +313.6% |
| Deferred charges and accrued income | 490/1 | €1,560 | €236 | -€1,324 | -84.9% |
| Total equity and liabilities | 10/49 | €1,859,251 | €1,958,471 | +€99,219 | +5.3% |
| Equity | 10/15 | €362,494 | €405,550 | +€43,056 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €349,022 | €392,079 | +€43,056 | +12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €347,162 | €390,219 | +€43,056 | +12.4% |
| Profit (loss) carried forward | 14 | €7,271 | €7,271 | = | 0.0% |
| Amounts payable | 17/49 | €1,496,758 | €1,552,921 | +€56,163 | +3.8% |
| Amounts payable after more than one year | 17 | €720,926 | €637,677 | -€83,250 | -11.5% |
| Financial debts | 170/4 | €720,926 | €637,677 | -€83,250 | -11.5% |
| Amounts payable within one year | 42/48 | €757,747 | €870,263 | +€112,516 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €82,141 | €83,268 | +€1,127 | +1.4% |
| Financial debts | 43 | €20,616 | €17,606 | -€3,010 | -14.6% |
| Credit institutions | 430/8 | €20,616 | €17,606 | -€3,010 | -14.6% |
| Trade debts | 44 | €2,606 | €1,663 | -€944 | -36.2% |
| Suppliers | 440/4 | €2,606 | €1,663 | -€944 | -36.2% |
| Taxes, remuneration and social security | 45 | €7,850 | €10,283 | +€2,433 | +31.0% |
| Taxes | 450/3 | €7,751 | €10,278 | +€2,527 | +32.6% |
| Remuneration and social security | 454/9 | €99 | €6 | -€94 | -94.3% |
| Other amounts payable | 47/48 | €644,533 | €757,443 | +€112,910 | +17.5% |
| Accrued charges and deferred income | 492/3 | €18,085 | €44,981 | +€26,896 | +148.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | €1,200 | = | 0.0% |
| Other operating charges | 640/8 | €4,638 | €4,098 | -€540 | -11.6% |
| Non-recurring operating charges | 66A | €1,185 | - | -€1,185 | |
| Gross operating margin | 9900 | €129,237 | €127,131 | -€2,106 | -1.6% |
| Operating profit (loss) | 9901 | €122,214 | €121,833 | -€381 | -0.3% |
| Financial charges | 65/66B | €43,425 | €49,908 | +€6,483 | +14.9% |
| Recurring financial charges | 65 | €43,425 | €49,908 | +€6,483 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €78,789 | €71,925 | -€6,864 | -8.7% |
| Income taxes | 67/77 | €34,376 | €25,669 | -€8,707 | -25.3% |
| Profit (loss) for the period | 9904 | €44,413 | €46,256 | +€1,843 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,413 | €46,256 | +€1,843 | +4.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.