Brabo Development: 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.
Brabo Development
Largest movements
- Stocks and contracts +€138,349
up €138,349 (+6.0%), from €2.3m to €2.4m
- Other debts +€1.7m
up €1.7m (+179%), from €950,000 to €2.7m
- Debts after one year -€772,559
down €772,559 (-100%), from €772,559 to €0
- Short-term financial debts -€703,219
down €703,219 (-100%), from €703,219 to €0
- Profit (loss) carried forward -€72,087
down €72,087 (-55.2%), from -€130,532 to -€202,620
- Financial charges -€13,869
down €13,869 (-17.4%), from €79,562 to €65,694
- Financial income -€2,865
down €2,865 (-99.5%), from €2,879 to €15
- Gross operating margin +€764
up €764 (+12.6%), from -€6,054 to -€5,290
- Other operating charges +€613
up €613 (+121%), from €505 to €1,118
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 | €2,315,034 | €2,454,222 | +€139,188 | +6.0% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €2,314,834 | €2,454,022 | +€139,188 | +6.0% |
| Stocks and contracts in progress | 3 | €2,307,438 | €2,445,787 | +€138,349 | +6.0% |
| Stocks | 30/36 | €2,307,438 | €2,445,787 | +€138,349 | +6.0% |
| Amounts receivable within one year | 40/41 | €7,395 | €7,161 | -€235 | -3.2% |
| Trade receivables | 40 | €3,726 | €53 | -€3,674 | -98.6% |
| Other amounts receivable | 41 | €3,669 | €7,108 | +€3,439 | +93.7% |
| Cash at bank and in hand | 54/58 | - | €1,074 | +€1,074 | |
| Total equity and liabilities | 10/49 | €2,315,034 | €2,454,222 | +€139,188 | +6.0% |
| Equity | 10/15 | -€128,255 | -€200,343 | -€72,087 | -56.2% |
| Contributions | 10/11 | €2,277 | €2,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,532 | -€202,620 | -€72,087 | -55.2% |
| Amounts payable | 17/49 | €2,443,289 | €2,654,565 | +€211,276 | +8.6% |
| Amounts payable after more than one year | 17 | €772,559 | €0 | -€772,559 | -100% |
| Financial debts | 170/4 | €772,559 | €0 | -€772,559 | -100% |
| Amounts payable within one year | 42/48 | €1,670,730 | €2,654,565 | +€983,835 | +58.9% |
| Financial debts | 43 | €703,219 | €0 | -€703,219 | -100% |
| Credit institutions | 430/8 | €703,219 | €0 | -€703,219 | -100% |
| Trade debts | 44 | €17,511 | €1,800 | -€15,711 | -89.7% |
| Suppliers | 440/4 | €17,511 | €1,800 | -€15,711 | -89.7% |
| Taxes, remuneration and social security | 45 | €0 | €782 | +€782 | |
| Taxes | 450/3 | €0 | €782 | +€782 | |
| Other amounts payable | 47/48 | €950,000 | €2,651,983 | +€1.7m | +179% |
| Other operating charges | 640/8 | €505 | €1,118 | +€613 | +121% |
| Gross operating margin | 9900 | -€6,054 | -€5,290 | +€764 | +12.6% |
| Operating profit (loss) | 9901 | -€6,559 | -€6,408 | +€151 | +2.3% |
| Financial income | 75/76B | €2,879 | €15 | -€2,865 | -99.5% |
| Recurring financial income | 75 | €2,879 | €15 | -€2,865 | -99.5% |
| Financial charges | 65/66B | €79,562 | €65,694 | -€13,869 | -17.4% |
| Recurring financial charges | 65 | €79,562 | €65,694 | -€13,869 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€83,242 | -€72,087 | +€11,155 | +13.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€83,242 | -€72,087 | +€11,155 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,242 | -€72,087 | +€11,155 | +13.4% |
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 17 October 2026 via checked.be.