BRUVIN: 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.
BRUVIN
Largest movements
- Cash +€129,126
up €129,126 (+176.6%), from €73,135 to €202,261
mainly Net result for the year (+€209,240) and Other debts (+€168,566)
- Deferred charges and accrued income +€48,395
up €48,395 (+660.8%), from €7,324 to €55,720
- Receivables within one year +€13,907
up €13,907 (+37.5%), from €37,042 to €50,949
of which Trade receivables: +€16,145
- Reserves +€209,240
up €209,240 (+27.0%), from €774,919 to €984,159
- Other debts +€168,566
up €168,566 (+6679.1%), from €2,524 to €171,090
- Trade debts -€145,191
down €145,191 (-85.5%), from €169,754 to €24,563
- Tax, wage and social debts -€47,431
down €47,431 (-46.7%), from €101,507 to €54,076
- Gross operating margin +€76,435
up €76,435 (+23.6%), from €324,377 to €400,812
- Depreciation +€38,291
up €38,291 (+75.2%), from €50,925 to €89,216
- Financial charges +€9,799
up €9,799 (+2867.5%), from €342 to €10,141
- Taxes +€9,022
up €9,022 (+10.8%), from €83,261 to €92,283
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 | €1,050,704 | €1,235,888 | +€185,184 | +17.6% |
| Fixed assets | 21/28 | €933,203 | €926,958 | -€6,245 | -0.7% |
| Tangible fixed assets | 22/27 | €933,203 | €926,958 | -€6,245 | -0.7% |
| Plant, machinery and equipment | 23 | €86,396 | €99,381 | +€12,985 | +15.0% |
| Furniture and vehicles | 24 | €5,516 | €3,516 | -€2,000 | -36.2% |
| Other tangible fixed assets | 26 | €841,291 | €824,061 | -€17,230 | -2.0% |
| Current assets | 29/58 | €117,501 | €308,930 | +€191,429 | +162.9% |
| Amounts receivable within one year | 40/41 | €37,042 | €50,949 | +€13,907 | +37.5% |
| Trade receivables | 40 | €34,365 | €50,510 | +€16,145 | +47.0% |
| Other amounts receivable | 41 | €2,677 | €439 | -€2,238 | -83.6% |
| Cash at bank and in hand | 54/58 | €73,135 | €202,261 | +€129,126 | +176.6% |
| Deferred charges and accrued income | 490/1 | €7,324 | €55,720 | +€48,395 | +660.8% |
| Total equity and liabilities | 10/49 | €1,050,704 | €1,235,888 | +€185,184 | +17.6% |
| Equity | 10/15 | €776,919 | €986,159 | +€209,240 | +26.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €774,919 | €984,159 | +€209,240 | +27.0% |
| Distributable reserves | 133 | €774,919 | €984,159 | +€209,240 | +27.0% |
| Amounts payable | 17/49 | €273,785 | €249,729 | -€24,056 | -8.8% |
| Amounts payable within one year | 42/48 | €273,785 | €249,729 | -€24,056 | -8.8% |
| Trade debts | 44 | €169,754 | €24,563 | -€145,191 | -85.5% |
| Suppliers | 440/4 | €169,754 | €24,563 | -€145,191 | -85.5% |
| Taxes, remuneration and social security | 45 | €101,507 | €54,076 | -€47,431 | -46.7% |
| Taxes | 450/3 | €101,507 | €54,076 | -€47,431 | -46.7% |
| Other amounts payable | 47/48 | €2,524 | €171,090 | +€168,566 | +6679.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,925 | €89,216 | +€38,291 | +75.2% |
| Other operating charges | 640/8 | €235 | €327 | +€93 | +39.5% |
| Gross operating margin | 9900 | €324,377 | €400,812 | +€76,435 | +23.6% |
| Operating profit (loss) | 9901 | €273,218 | €311,269 | +€38,051 | +13.9% |
| Financial income | 75/76B | €412 | €396 | -€16 | -3.9% |
| Recurring financial income | 75 | €412 | €396 | -€16 | -3.9% |
| Financial charges | 65/66B | €342 | €10,141 | +€9,799 | +2867.5% |
| Recurring financial charges | 65 | €342 | €10,141 | +€9,799 | +2867.5% |
| Profit (loss) for the period before taxes | 9903 | €273,288 | €301,523 | +€28,235 | +10.3% |
| Income taxes | 67/77 | €83,261 | €92,283 | +€9,022 | +10.8% |
| Profit (loss) for the period | 9904 | €190,027 | €209,240 | +€19,213 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €190,027 | €209,240 | +€19,213 | +10.1% |
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 5 October 2026 via checked.be.