BRUVEST 79: 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.
BRUVEST 79
Largest movements
- Receivables within one year -€98,394
down €98,394 (-77.5%), from €126,895 to €28,502
of which Trade receivables: -€86,640
- Debts after one year -€81,730
down €81,730 (-10.3%), from €796,957 to €715,227
- Gross operating margin -€70,506
down €70,506 (-68.4%), from €103,124 to €32,618
- Other operating charges -€1,059
down €1,059 (-45.6%), from €2,323 to €1,264
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 | €4,318,961 | €4,215,587 | -€103,374 | -2.4% |
| Fixed assets | 21/28 | €4,188,093 | €4,186,886 | -€1,207 | 0.0% |
| Tangible fixed assets | 22/27 | €4,584 | €3,377 | -€1,207 | -26.3% |
| Furniture and vehicles | 24 | €4,584 | €3,377 | -€1,207 | -26.3% |
| Financial fixed assets | 28 | €4,183,509 | €4,183,509 | = | 0.0% |
| Current assets | 29/58 | €130,868 | €28,701 | -€102,167 | -78.1% |
| Amounts receivable within one year | 40/41 | €126,895 | €28,502 | -€98,394 | -77.5% |
| Trade receivables | 40 | €104,255 | €17,615 | -€86,640 | -83.1% |
| Other amounts receivable | 41 | €22,640 | €10,887 | -€11,754 | -51.9% |
| Cash at bank and in hand | 54/58 | €3,077 | €199 | -€2,878 | -93.5% |
| Deferred charges and accrued income | 490/1 | €895 | - | -€895 | |
| Total equity and liabilities | 10/49 | €4,318,961 | €4,215,587 | -€103,374 | -2.4% |
| Equity | 10/15 | €2,550,081 | €2,571,031 | +€20,950 | +0.8% |
| Contributions | 10/11 | €2,606,000 | €2,606,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,919 | -€34,969 | +€20,950 | +37.5% |
| Amounts payable | 17/49 | €1,768,880 | €1,644,556 | -€124,324 | -7.0% |
| Amounts payable after more than one year | 17 | €796,957 | €715,227 | -€81,730 | -10.3% |
| Other amounts payable | 178/9 | €796,957 | €715,227 | -€81,730 | -10.3% |
| Amounts payable within one year | 42/48 | €971,903 | €929,291 | -€42,611 | -4.4% |
| Trade debts | 44 | €4,159 | €2,950 | -€1,209 | -29.1% |
| Suppliers | 440/4 | €4,159 | €2,950 | -€1,209 | -29.1% |
| Taxes, remuneration and social security | 45 | €6,720 | - | -€6,720 | |
| Taxes | 450/3 | €6,720 | - | -€6,720 | |
| Other amounts payable | 47/48 | €961,024 | €926,342 | -€34,682 | -3.6% |
| Accrued charges and deferred income | 492/3 | €20 | €37 | +€17 | +85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,207 | €1,207 | = | 0.0% |
| Other operating charges | 640/8 | €2,323 | €1,264 | -€1,059 | -45.6% |
| Gross operating margin | 9900 | €103,124 | €32,618 | -€70,506 | -68.4% |
| Operating profit (loss) | 9901 | €99,593 | €30,146 | -€69,447 | -69.7% |
| Financial income | 75/76B | €471 | €72 | -€399 | -84.8% |
| Recurring financial income | 75 | €471 | €72 | -€399 | -84.8% |
| Financial charges | 65/66B | €9,782 | €9,247 | -€536 | -5.5% |
| Recurring financial charges | 65 | €9,782 | €9,247 | -€536 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €90,282 | €20,971 | -€69,311 | -76.8% |
| Income taxes | 67/77 | €992 | €21 | -€971 | -97.9% |
| Profit (loss) for the period | 9904 | €89,290 | €20,950 | -€68,340 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,290 | €20,950 | -€68,340 | -76.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.