Brabo Connect: 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.
Brabo Connect
Largest movements
- Tangible fixed assets -€47,493
down €47,493 (-99.4%), from €47,777 to €283
- Receivables within one year +€8,517
up €8,517 (+10.7%), from €79,598 to €88,115
of which Other amounts receivable: +€18,835
- Cash -€3,364
no longer reported in 2025 (was €3,364)
mainly Debts after one year (-€19,213) and Tax, wage and social debts (-€10,287)
- Debts after one year -€19,213
down €19,213 (-61.5%), from €31,265 to €12,052
- Tax, wage and social debts -€10,287
no longer reported in 2025 (was €10,287)
- Trade debts -€8,779
down €8,779 (-87.1%), from €10,079 to €1,300
- Profit (loss) carried forward -€5,725
down €5,725 (-18.2%), from €31,476 to €25,751
- Current portion of long-term debt +€1,774
up €1,774 (+10.2%), from €17,439 to €19,213
- Gross operating margin +€28,376
up €28,376 (+145.0%), from €19,569 to €47,946
- Depreciation -€18,618
down €18,618 (-97.0%), from €19,184 to €567
- Staff costs -€3,695
no longer reported in 2025 (was €3,695)
- Financial income -€2,047
down €2,047 (-100.0%), from €2,047 to €0
- Financial charges -€1,090
down €1,090 (-17.3%), from €6,309 to €5,219
of which Financial charges: -€1,330
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 | €130,963 | €88,623 | -€42,340 | -32.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €48,002 | €508 | -€47,493 | -98.9% |
| Tangible fixed assets | 22/27 | €47,777 | €283 | -€47,493 | -99.4% |
| Plant, machinery and equipment | 23 | €4,562 | €283 | -€4,279 | -93.8% |
| Furniture and vehicles | 24 | €19,881 | - | -€19,881 | |
| Leasing and similar rights | 25 | €23,333 | - | -€23,333 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €82,962 | €88,115 | +€5,153 | +6.2% |
| Amounts receivable within one year | 40/41 | €79,598 | €88,115 | +€8,517 | +10.7% |
| Trade receivables | 40 | €10,318 | €0 | -€10,318 | -100.0% |
| Other amounts receivable | 41 | €69,280 | €88,115 | +€18,835 | +27.2% |
| Cash at bank and in hand | 54/58 | €3,364 | - | -€3,364 | |
| Total equity and liabilities | 10/49 | €130,963 | €88,623 | -€42,340 | -32.3% |
| Equity | 10/15 | €51,936 | €46,211 | -€5,725 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,476 | €25,751 | -€5,725 | -18.2% |
| Amounts payable | 17/49 | €79,027 | €42,413 | -€36,615 | -46.3% |
| Amounts payable after more than one year | 17 | €31,265 | €12,052 | -€19,213 | -61.5% |
| Financial debts | 170/4 | €31,265 | €12,052 | -€19,213 | -61.5% |
| Amounts payable within one year | 42/48 | €47,762 | €30,360 | -€17,402 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €17,439 | €19,213 | +€1,774 | +10.2% |
| Financial debts | 43 | €9,957 | €9,848 | -€109 | -1.1% |
| Credit institutions | 430/8 | €9,957 | €9,848 | -€109 | -1.1% |
| Trade debts | 44 | €10,079 | €1,300 | -€8,779 | -87.1% |
| Suppliers | 440/4 | €10,079 | €1,300 | -€8,779 | -87.1% |
| Taxes, remuneration and social security | 45 | €10,287 | - | -€10,287 | |
| Taxes | 450/3 | €10,287 | - | -€10,287 | |
| Remuneration, social security and pensions | 62 | €3,695 | - | -€3,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,184 | €567 | -€18,618 | -97.0% |
| Other operating charges | 640/8 | €878 | €959 | +€81 | +9.2% |
| Non-recurring operating charges | 66A | - | €46,927 | +€46,927 | |
| Gross operating margin | 9900 | €19,569 | €47,946 | +€28,376 | +145.0% |
| Operating profit (loss) | 9901 | -€4,188 | -€506 | +€3,682 | +87.9% |
| Financial income | 75/76B | €2,047 | €0 | -€2,047 | -100.0% |
| Recurring financial income | 75 | €2,047 | €0 | -€2,047 | -100.0% |
| Financial charges | 65/66B | €6,309 | €5,219 | -€1,090 | -17.3% |
| Recurring financial charges | 65 | €6,309 | €4,979 | -€1,330 | -21.1% |
| Non-recurring financial charges | 66B | - | €240 | +€240 | |
| Profit (loss) for the period before taxes | 9903 | -€8,451 | -€5,725 | +€2,725 | +32.2% |
| Profit (loss) for the period | 9904 | -€8,451 | -€5,725 | +€2,725 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,451 | -€5,725 | +€2,725 | +32.2% |
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 7 October 2026 via checked.be.