IMMO BRUGVENNE: 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.
What changed
IMMO BRUGVENNE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€17,655
2024 · -€16,003-€1,651
Equity
€105,272
2024 · €122,927-€17,655
Cash
€84,176
2024 · €87,418-€3,242
Balance sheet total
€594,657
2024 · €580,218+€14,439
Largest movements
Assets
- Deferred charges and accrued income +€15,092
up €15,092 (+25.6%), from €58,872 to €73,963
Equity and liabilities
- Other debts +€43,500
up €43,500 (+12.0%), from €362,003 to €405,503
- Profit (loss) carried forward -€14,869
down €14,869 (-40.5%), from -€36,726 to -€51,595
- Current portion of long-term debt -€8,008
down €8,008 (-65.0%), from €12,326 to €4,318
Income statement
- Gross operating margin -€2,043
down €2,043 (-25.6%), from €7,977 to €5,934
- Financial charges -€315
down €315 (-19.6%), from €1,607 to €1,292
- Other operating charges +€114
up €114 (+3.6%), from €3,132 to €3,246
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.
Result 2024
-€16,003
Gross operating margin
-€2,043
Depreciation
-€27
Other operating charges
-€114
Financial income
-€6
Financial charges
+€315
Deferred taxes and other
+€225
Result 2025
-€17,655
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€32,166
Investment
-€23,081
Financing
-€12,326
Cash 2024
€87,418
From operations (derived)
+€32,166
Net result for the year
-€17,655
Depreciation
+€20,484
Receivables within one year
+€8
Deferred charges and accrued income
-€15,092
Provisions
-€1,434
Trade debts
+€2,354
Other debts
+€43,500
Investment (derived)
-€23,081
Investment in fixed assets (net)
-€23,081
Financing
-€12,326
Debts after one year
-€4,318
Current portion of long-term debt
-€8,008
Cash 2025
€84,176
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €580,218 | €594,657 | +€14,439 | +2.5% |
| Fixed assets | 21/28 | €406,940 | €409,537 | +€2,597 | +0.6% |
| Tangible fixed assets | 22/27 | €406,940 | €409,537 | +€2,597 | +0.6% |
| Land and buildings | 22 | €406,431 | €409,537 | +€3,106 | +0.8% |
| Furniture and vehicles | 24 | €509 | €0 | -€509 | -100% |
| Current assets | 29/58 | €173,278 | €185,120 | +€11,842 | +6.8% |
| Amounts receivable within one year | 40/41 | €26,989 | €26,980 | -€8 | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €26,989 | €26,980 | -€8 | 0.0% |
| Cash at bank and in hand | 54/58 | €87,418 | €84,176 | -€3,242 | -3.7% |
| Deferred charges and accrued income | 490/1 | €58,872 | €73,963 | +€15,092 | +25.6% |
| Total equity and liabilities | 10/49 | €580,218 | €594,657 | +€14,439 | +2.5% |
| Equity | 10/15 | €122,927 | €105,272 | -€17,655 | -14.4% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €111,053 | €108,268 | -€2,786 | -2.5% |
| Tax-exempt reserves | 132 | €74,077 | €71,291 | -€2,786 | -3.8% |
| Distributable reserves | 133 | €36,977 | €36,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,726 | -€51,595 | -€14,869 | -40.5% |
| Provisions and deferred taxes | 16 | €38,170 | €36,735 | -€1,434 | -3.8% |
| Deferred taxes | 168 | €38,170 | €36,735 | -€1,434 | -3.8% |
| Amounts payable | 17/49 | €419,121 | €452,649 | +€33,528 | +8.0% |
| Amounts payable after more than one year | 17 | €44,761 | €40,442 | -€4,318 | -9.6% |
| Financial debts | 170/4 | €44,761 | €40,442 | -€4,318 | -9.6% |
| Amounts payable within one year | 42/48 | €374,361 | €412,207 | +€37,846 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €12,326 | €4,318 | -€8,008 | -65.0% |
| Trade debts | 44 | €32 | €2,386 | +€2,354 | +7,393% |
| Suppliers | 440/4 | €32 | €2,386 | +€2,354 | +7,393% |
| Other amounts payable | 47/48 | €362,003 | €405,503 | +€43,500 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,457 | €20,484 | +€27 | +0.1% |
| Other operating charges | 640/8 | €3,132 | €3,246 | +€114 | +3.6% |
| Gross operating margin | 9900 | €7,977 | €5,934 | -€2,043 | -25.6% |
| Operating profit (loss) | 9901 | -€15,612 | -€17,796 | -€2,185 | -14.0% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €1,607 | €1,292 | -€315 | -19.6% |
| Recurring financial charges | 65 | €1,607 | €1,292 | -€315 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,213 | -€19,089 | -€1,876 | -10.9% |
| Transfer from deferred taxes | 780 | €1,210 | €1,434 | +€225 | +18.6% |
| Profit (loss) for the period | 9904 | -€16,003 | -€17,655 | -€1,651 | -10.3% |
| Transfer from tax-exempt reserves | 789 | €2,350 | €2,786 | +€436 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,654 | -€14,869 | -€1,215 | -8.9% |
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 25 October 2026 via checked.be.