2BraVo: 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.
2BraVo
Largest movements
- Cash +€32,406
up €32,406 (+51.5%), from €62,894 to €95,301
mainly Net result for the year (+€21,514) and Depreciation (+€16,291)
- Tangible fixed assets -€16,291
down €16,291 (-30.6%), from €53,274 to €36,982
of which Furniture and vehicles: -€13,341
- Receivables within one year -€1,946
down €1,946 (-9.9%), from €19,699 to €17,753
of which Trade receivables: -€4,733
- Reserves +€21,514
up €21,514 (+38.4%), from €56,085 to €77,599
- Other debts -€7,187
down €7,187 (-60.9%), from €11,804 to €4,618
- Gross operating margin -€5,886
down €5,886 (-10.9%), from €53,935 to €48,049
- Taxes -€1,822
down €1,822 (-20.6%), from €8,865 to €7,043
- Financial income -€1,106
down €1,106 (-100.0%), from €1,106 to €0
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 | €138,379 | €152,598 | +€14,219 | +10.3% |
| Fixed assets | 21/28 | €53,274 | €36,982 | -€16,291 | -30.6% |
| Tangible fixed assets | 22/27 | €53,274 | €36,982 | -€16,291 | -30.6% |
| Land and buildings | 22 | €5,796 | €2,845 | -€2,951 | -50.9% |
| Furniture and vehicles | 24 | €47,478 | €34,137 | -€13,341 | -28.1% |
| Current assets | 29/58 | €85,106 | €115,616 | +€30,510 | +35.8% |
| Amounts receivable within one year | 40/41 | €19,699 | €17,753 | -€1,946 | -9.9% |
| Trade receivables | 40 | €17,589 | €12,856 | -€4,733 | -26.9% |
| Other amounts receivable | 41 | €2,110 | €4,896 | +€2,786 | +132.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €62,894 | €95,301 | +€32,406 | +51.5% |
| Deferred charges and accrued income | 490/1 | €2,512 | €2,562 | +€50 | +2.0% |
| Total equity and liabilities | 10/49 | €138,379 | €152,598 | +€14,219 | +10.3% |
| Equity | 10/15 | €74,685 | €96,199 | +€21,514 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,085 | €77,599 | +€21,514 | +38.4% |
| Distributable reserves | 133 | €56,085 | €77,599 | +€21,514 | +38.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,695 | €56,399 | -€7,296 | -11.5% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,415 | €14,119 | -€7,296 | -34.1% |
| Trade debts | 44 | €1,617 | €2,234 | +€617 | +38.2% |
| Suppliers | 440/4 | €1,617 | €2,234 | +€617 | +38.2% |
| Taxes, remuneration and social security | 45 | €7,994 | €7,268 | -€726 | -9.1% |
| Taxes | 450/3 | €7,994 | €7,268 | -€726 | -9.1% |
| Other amounts payable | 47/48 | €11,804 | €4,618 | -€7,187 | -60.9% |
| Accrued charges and deferred income | 492/3 | €2,280 | €2,280 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,312 | €16,291 | -€21 | -0.1% |
| Other operating charges | 640/8 | €1,144 | €848 | -€295 | -25.8% |
| Gross operating margin | 9900 | €53,935 | €48,049 | -€5,886 | -10.9% |
| Operating profit (loss) | 9901 | €36,480 | €30,909 | -€5,571 | -15.3% |
| Financial income | 75/76B | €1,106 | €0 | -€1,106 | -100.0% |
| Recurring financial income | 75 | €1,106 | €0 | -€1,106 | -100.0% |
| Financial charges | 65/66B | €2,343 | €2,352 | +€9 | +0.4% |
| Recurring financial charges | 65 | €2,343 | €2,352 | +€9 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €35,243 | €28,557 | -€6,686 | -19.0% |
| Income taxes | 67/77 | €8,865 | €7,043 | -€1,822 | -20.6% |
| Profit (loss) for the period | 9904 | €26,378 | €21,514 | -€4,864 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,378 | €21,514 | -€4,864 | -18.4% |
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 4 October 2026 via checked.be.