BROCAL: 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.
BROCAL
Largest movements
- Receivables within one year -€68,310
down €68,310 (-57.5%), from €118,881 to €50,570
of which Trade receivables: -€61,535
- Cash -€21,554
down €21,554 (-2.4%), from €891,263 to €869,709
mainly Contributions, distributions and other (-€425,000) and Trade debts (-€75,909)
- Profit (loss) carried forward -€464,100
down €464,100 (-79.3%), from €585,142 to €121,041
- Other debts +€450,404
up €450,404 (+125%), from €360,682 to €811,086
- Trade debts -€75,909
down €75,909 (-94.8%), from €80,063 to €4,153
- Gross operating margin +€49,626
up €49,626 (+506%), from €9,803 to €59,429
- Staff costs +€4,665
up €4,665 (+6.4%), from €72,439 to €77,104
- Financial charges +€3,734
up €3,734 (+35.4%), from €10,551 to €14,285
- Other operating charges +€1,994
up €1,994 (+19.5%), from €10,229 to €12,223
- Financial income +€1,710
up €1,710 (+42.9%), from €3,991 to €5,701
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 | €1,119,699 | €1,029,945 | -€89,754 | -8.0% |
| Fixed assets | 21/28 | €850 | €828 | -€22 | -2.6% |
| Tangible fixed assets | 22/27 | €668 | €668 | = | 0.0% |
| Furniture and vehicles | 24 | €668 | €668 | = | 0.0% |
| Financial fixed assets | 28 | €182 | €160 | -€22 | -12.2% |
| Current assets | 29/58 | €1,118,848 | €1,029,117 | -€89,732 | -8.0% |
| Stocks and contracts in progress | 3 | €108,705 | €108,838 | +€133 | +0.1% |
| Stocks | 30/36 | €108,705 | €108,838 | +€133 | +0.1% |
| Amounts receivable within one year | 40/41 | €118,881 | €50,570 | -€68,310 | -57.5% |
| Trade receivables | 40 | €112,106 | €50,570 | -€61,535 | -54.9% |
| Other amounts receivable | 41 | €6,775 | - | -€6,775 | |
| Cash at bank and in hand | 54/58 | €891,263 | €869,709 | -€21,554 | -2.4% |
| Total equity and liabilities | 10/49 | €1,119,699 | €1,029,945 | -€89,754 | -8.0% |
| Equity | 10/15 | €666,946 | €202,846 | -€464,100 | -69.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €585,142 | €121,041 | -€464,100 | -79.3% |
| Amounts payable | 17/49 | €452,752 | €827,099 | +€374,346 | +82.7% |
| Amounts payable within one year | 42/48 | €452,752 | €827,099 | +€374,346 | +82.7% |
| Trade debts | 44 | €80,063 | €4,153 | -€75,909 | -94.8% |
| Suppliers | 440/4 | €80,063 | €4,153 | -€75,909 | -94.8% |
| Taxes, remuneration and social security | 45 | €12,008 | €11,859 | -€148 | -1.2% |
| Taxes | 450/3 | €420 | €4,028 | +€3,608 | +859% |
| Remuneration and social security | 454/9 | €11,588 | €7,831 | -€3,757 | -32.4% |
| Other amounts payable | 47/48 | €360,682 | €811,086 | +€450,404 | +125% |
| Remuneration, social security and pensions | 62 | €72,439 | €77,104 | +€4,665 | +6.4% |
| Other operating charges | 640/8 | €10,229 | €12,223 | +€1,994 | +19.5% |
| Gross operating margin | 9900 | €9,803 | €59,429 | +€49,626 | +506% |
| Operating profit (loss) | 9901 | -€72,865 | -€29,899 | +€42,966 | +59.0% |
| Financial income | 75/76B | €3,991 | €5,701 | +€1,710 | +42.9% |
| Recurring financial income | 75 | €3,991 | €5,701 | +€1,710 | +42.9% |
| Financial charges | 65/66B | €10,551 | €14,285 | +€3,734 | +35.4% |
| Recurring financial charges | 65 | €10,551 | €14,285 | +€3,734 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | -€79,424 | -€38,482 | +€40,942 | +51.5% |
| Income taxes | 67/77 | €612 | €618 | +€6 | +1.0% |
| Profit (loss) for the period | 9904 | -€80,036 | -€39,100 | +€40,936 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,036 | -€39,100 | +€40,936 | +51.1% |
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 26 October 2026 via checked.be.