Brocap: what changed
What changed
Brocap
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€19,189
2024 · €23,776-€4,587
Equity
€221,701
2024 · €202,512+€19,189
Cash
€17,236
2024 · €30,231-€12,996
Balance sheet total
€724,340
2024 · €604,374+€119,966
Largest movements
Assets
- Receivables after one year +€112,580
new in 2025: €112,580
- Receivables within one year +€14,946
up €14,946 (+2.6%), from €570,568 to €585,514
of which Trade receivables: +€164,264
- Cash -€12,996
down €12,996 (-43.0%), from €30,231 to €17,236
mainly Receivables after one year (-€112,580) and Receivables within one year (-€14,946)
Equity and liabilities
- Trade debts +€58,755
up €58,755 (+19.8%), from €296,513 to €355,268
- Tax, wage and social debts +€42,094
up €42,094 (+120%), from €35,155 to €77,249
of which Taxes: +€31,074
- Reserves +€19,000
up €19,000 (+18.6%), from €102,000 to €121,000
of which Distributable reserves: +€18,041
Income statement
- Staff costs +€49,664
new in 2025: €49,664
- Gross operating margin +€44,421
up €44,421 (+134%), from €33,135 to €77,556
- Financial income -€1,436
down €1,436 (-15.9%), from €9,028 to €7,592
- Taxes -€1,394
down €1,394 (-14.7%), from €9,482 to €8,088
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€23,776
Gross operating margin
+€44,421
Staff costs
-€49,664
Depreciation
-€8
Other operating charges
-€16
Other operating items
+€34
Financial income
-€1,436
Financial charges
+€687
Taxes
+€1,394
Result 2025
€19,189
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€11,725
Investment
-€1,271
Financing
€0
Cash 2024
€30,231
From operations (derived)
-€11,725
Net result for the year
+€19,189
Depreciation
+€962
Receivables after one year
-€112,580
Smaller working-capital items
-€139
Receivables within one year
-€14,946
Deferred charges and accrued income
-€5,060
Trade debts
+€58,755
Tax, wage and social debts
+€42,094
Investment (derived)
-€1,271
Investment in fixed assets (net)
-€1,271
Cash 2025
€17,236
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,374 | €724,340 | +€119,966 | +19.8% |
| Fixed assets | 21/28 | €1,345 | €1,654 | +€309 | +22.9% |
| Tangible fixed assets | 22/27 | €1,345 | €1,524 | +€178 | +13.2% |
| Plant, machinery and equipment | 23 | €135 | €26 | -€109 | -80.7% |
| Furniture and vehicles | 24 | €661 | €948 | +€287 | +43.4% |
| Other tangible fixed assets | 26 | €550 | €550 | = | 0.0% |
| Financial fixed assets | 28 | - | €131 | +€131 | |
| Current assets | 29/58 | €603,028 | €722,685 | +€119,657 | +19.8% |
| Amounts receivable after more than one year | 29 | - | €112,580 | +€112,580 | |
| Other amounts receivable | 291 | - | €112,580 | +€112,580 | |
| Stocks and contracts in progress | 3 | - | €67 | +€67 | |
| Stocks | 30/36 | - | €67 | +€67 | |
| Amounts receivable within one year | 40/41 | €570,568 | €585,514 | +€14,946 | +2.6% |
| Trade receivables | 40 | €420,568 | €584,833 | +€164,264 | +39.1% |
| Other amounts receivable | 41 | €150,000 | €682 | -€149,318 | -99.5% |
| Cash at bank and in hand | 54/58 | €30,231 | €17,236 | -€12,996 | -43.0% |
| Deferred charges and accrued income | 490/1 | €2,228 | €7,288 | +€5,060 | +227% |
| Total equity and liabilities | 10/49 | €604,374 | €724,340 | +€119,966 | +19.8% |
| Equity | 10/15 | €202,512 | €221,701 | +€19,189 | +9.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €102,000 | €121,000 | +€19,000 | +18.6% |
| Non-distributable reserves | 130/1 | €5,126 | €6,085 | +€959 | +18.7% |
| Legal reserve | 130 | €5,126 | €6,085 | +€959 | +18.7% |
| Distributable reserves | 133 | €96,874 | €114,915 | +€18,041 | +18.6% |
| Profit (loss) carried forward | 14 | €512 | €701 | +€189 | +36.8% |
| Amounts payable | 17/49 | €401,861 | €502,639 | +€100,777 | +25.1% |
| Amounts payable within one year | 42/48 | €401,696 | €502,518 | +€100,823 | +25.1% |
| Financial debts | 43 | €70,000 | €70,000 | = | 0.0% |
| Credit institutions | 430/8 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €296,513 | €355,268 | +€58,755 | +19.8% |
| Suppliers | 440/4 | €296,513 | €355,268 | +€58,755 | +19.8% |
| Taxes, remuneration and social security | 45 | €35,155 | €77,249 | +€42,094 | +120% |
| Taxes | 450/3 | €35,155 | €66,229 | +€31,074 | +88.4% |
| Remuneration and social security | 454/9 | - | €11,021 | +€11,021 | |
| Other amounts payable | 47/48 | €28 | €1 | -€27 | -96.7% |
| Accrued charges and deferred income | 492/3 | €165 | €120 | -€45 | -27.4% |
| Remuneration, social security and pensions | 62 | - | €49,664 | +€49,664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €962 | +€8 | +0.8% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | €34 | - | -€34 | |
| Gross operating margin | 9900 | €33,135 | €77,556 | +€44,421 | +134% |
| Operating profit (loss) | 9901 | €31,620 | €26,387 | -€5,233 | -16.5% |
| Financial income | 75/76B | €9,028 | €7,592 | -€1,436 | -15.9% |
| Recurring financial income | 75 | €9,028 | €7,592 | -€1,436 | -15.9% |
| Financial charges | 65/66B | €7,390 | €6,703 | -€687 | -9.3% |
| Recurring financial charges | 65 | €7,390 | €6,703 | -€687 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €33,258 | €27,276 | -€5,982 | -18.0% |
| Income taxes | 67/77 | €9,482 | €8,088 | -€1,394 | -14.7% |
| Profit (loss) for the period | 9904 | €23,776 | €19,189 | -€4,587 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,776 | €19,189 | -€4,587 | -19.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.