BF3 BRAVO: 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.
BF3 BRAVO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€6.2m
up €6.2m (+1428.9%), from €431,374 to €6.6m
- Debts after one year -€5.7m
down €5.7m (-65.0%), from €8.7m to €3.1m
- Profit (loss) carried forward -€494,676
down €494,676 (-66.3%), from -€745,657 to -€1.2m
- Financial charges -€220,524
down €220,524 (-31.1%), from €709,205 to €488,681
- Gross operating margin +€16,873
up €16,873 (+75.1%), from -€22,480 to -€5,607
- Other operating charges -€13,585
down €13,585 (-97.2%), from €13,973 to €388
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 | €8,503,531 | €8,497,244 | -€6,286 | -0.1% |
| Current assets | 29/58 | €8,503,531 | €8,497,244 | -€6,286 | -0.1% |
| Stocks and contracts in progress | 3 | €8,472,408 | €8,472,408 | = | 0.0% |
| Stocks | 30/36 | €8,472,408 | €8,472,408 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,122 | €24,836 | -€6,286 | -20.2% |
| Total equity and liabilities | 10/49 | €8,503,531 | €8,497,244 | -€6,286 | -0.1% |
| Equity | 10/15 | -€676,657 | -€1,171,334 | -€494,676 | -73.1% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Capital | 10 | €69,000 | €69,000 | = | 0.0% |
| Issued capital | 100 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€745,657 | -€1,240,334 | -€494,676 | -66.3% |
| Amounts payable | 17/49 | €9,180,188 | €9,668,578 | +€488,390 | +5.3% |
| Amounts payable after more than one year | 17 | €8,723,911 | €3,054,480 | -€5.7m | -65.0% |
| Financial debts | 170/4 | €8,723,911 | €3,054,480 | -€5.7m | -65.0% |
| Amounts payable within one year | 42/48 | €434,011 | €6,598,747 | +€6.2m | +1420.4% |
| Trade debts | 44 | €2,636 | €3,467 | +€831 | +31.5% |
| Suppliers | 440/4 | €2,636 | €3,467 | +€831 | +31.5% |
| Other amounts payable | 47/48 | €431,374 | €6,595,280 | +€6.2m | +1428.9% |
| Accrued charges and deferred income | 492/3 | €22,266 | €15,351 | -€6,915 | -31.1% |
| Other operating charges | 640/8 | €13,973 | €388 | -€13,585 | -97.2% |
| Gross operating margin | 9900 | -€22,480 | -€5,607 | +€16,873 | +75.1% |
| Operating profit (loss) | 9901 | -€36,452 | -€5,995 | +€30,458 | +83.6% |
| Financial charges | 65/66B | €709,205 | €488,681 | -€220,524 | -31.1% |
| Recurring financial charges | 65 | €709,205 | €488,681 | -€220,524 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€745,657 | -€494,676 | +€250,981 | +33.7% |
| Profit (loss) for the period | 9904 | -€745,657 | -€494,676 | +€250,981 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€745,657 | -€494,676 | +€250,981 | +33.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.