Bruvest: 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.
Bruvest
Largest movements
- Cash +€82,949
up €82,949 (+70.7%), from €117,408 to €200,357
mainly Net result for the year (+€101,527) and Tax, wage and social debts (+€40,353)
- Reserves +€101,527
up €101,527 (+42.7%), from €237,970 to €339,497
- Tax, wage and social debts +€40,353
up €40,353 (+235%), from €17,152 to €57,505
- Debts after one year -€35,938
down €35,938 (-41.7%), from €86,269 to €50,331
- Other debts -€27,624
down €27,624 (-31.1%), from €88,957 to €61,333
- Taxes +€54,770
up €54,770 (+166%), from €32,989 to €87,759
- Gross operating margin +€43,010
up €43,010 (+27.4%), from €156,902 to €199,912
- Financial charges -€2,212
down €2,212 (-20.2%), from €10,950 to €8,738
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 | €472,568 | €553,048 | +€80,480 | +17.0% |
| Fixed assets | 21/28 | €353,860 | €352,691 | -€1,169 | -0.3% |
| Tangible fixed assets | 22/27 | €3,860 | €2,691 | -€1,169 | -30.3% |
| Furniture and vehicles | 24 | €3,860 | €2,691 | -€1,169 | -30.3% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €118,708 | €200,357 | +€81,649 | +68.8% |
| Amounts receivable within one year | 40/41 | €1,300 | - | -€1,300 | |
| Trade receivables | 40 | €1,300 | - | -€1,300 | |
| Cash at bank and in hand | 54/58 | €117,408 | €200,357 | +€82,949 | +70.7% |
| Total equity and liabilities | 10/49 | €472,568 | €553,048 | +€80,480 | +17.0% |
| Equity | 10/15 | €238,970 | €340,497 | +€101,527 | +42.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €237,970 | €339,497 | +€101,527 | +42.7% |
| Distributable reserves | 133 | €237,970 | €339,497 | +€101,527 | +42.7% |
| Amounts payable | 17/49 | €233,598 | €212,551 | -€21,047 | -9.0% |
| Amounts payable after more than one year | 17 | €86,269 | €50,331 | -€35,938 | -41.7% |
| Financial debts | 170/4 | €86,269 | €50,331 | -€35,938 | -41.7% |
| Amounts payable within one year | 42/48 | €140,907 | €154,946 | +€14,039 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €34,458 | €35,938 | +€1,480 | +4.3% |
| Trade debts | 44 | €340 | €170 | -€170 | -50.0% |
| Suppliers | 440/4 | €340 | €170 | -€170 | -50.0% |
| Taxes, remuneration and social security | 45 | €17,152 | €57,505 | +€40,353 | +235% |
| Taxes | 450/3 | €17,152 | €57,505 | +€40,353 | +235% |
| Other amounts payable | 47/48 | €88,957 | €61,333 | -€27,624 | -31.1% |
| Accrued charges and deferred income | 492/3 | €6,422 | €7,274 | +€852 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €823 | €1,169 | +€346 | +42.0% |
| Other operating charges | 640/8 | €347 | €719 | +€372 | +107% |
| Gross operating margin | 9900 | €156,902 | €199,912 | +€43,010 | +27.4% |
| Operating profit (loss) | 9901 | €155,732 | €198,024 | +€42,292 | +27.2% |
| Financial charges | 65/66B | €10,950 | €8,738 | -€2,212 | -20.2% |
| Recurring financial charges | 65 | €10,950 | €8,738 | -€2,212 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €144,782 | €189,286 | +€44,504 | +30.7% |
| Income taxes | 67/77 | €32,989 | €87,759 | +€54,770 | +166% |
| Profit (loss) for the period | 9904 | €111,793 | €101,527 | -€10,266 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,793 | €101,527 | -€10,266 | -9.2% |
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 20 October 2026 via checked.be.