BRABO VENTURES: 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.
What changed
BRABO VENTURES
NACE 68.110, Buying and selling of own real estate
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€718,451
2023 · €549,705-€1.3m
Equity
€4.8m
2023 · €5.5m-€692,947
Cash
€33,745
2023 · €8,618+€25,128
Balance sheet total
€11.6m
2023 · €12.4m-€745,558
Largest movements
Assets
- Stocks and contracts -€1.4m
no longer reported in 2024 (was €1.4m)
- Tangible fixed assets +€684,513
up €684,513 (+7.2%), from €9.6m to €10.2m
of which Land and buildings: +€696,724
Equity and liabilities
- Profit (loss) carried forward -€703,643
down €703,643, from €97,887 to -€605,756
- Other debts -€159,748
down €159,748 (-5.6%), from €2.8m to €2.7m
Income statement
- Gross operating margin -€1.0m
down €1.0m (-85.0%), from €1.2m to €182,620
- Depreciation +€190,105
up €190,105 (+36.8%), from €516,010 to €706,115
- Financial charges +€63,789
up €63,789 (+44.3%), from €144,073 to €207,861
- Other operating charges -€19,233
down €19,233 (-75.5%), from €25,483 to €6,251
From the 2023 result to the 2024 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.
Result 2023
€549,705
Gross operating margin
-€1.0m
Depreciation
-€190,105
Other operating charges
+€19,233
Financial income
-€197
Financial charges
-€63,789
Result 2024
-€718,451
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.3m
Investment
-€1.4m
Financing
+€136,338
Cash 2023
€8,618
From operations (derived)
+€1.3m
Net result for the year
-€718,451
Depreciation
+€706,115
Stocks and contracts
+€1.4m
Receivables within one year
+€20,721
Deferred charges and accrued income
-€1,400
Provisions
-€21,147
Trade debts
+€7,428
Advances received
+€6,000
Other debts
-€159,748
Accrued charges and deferred income
+€4,022
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€136,338
Debts after one year
-€1,700
Current portion of long-term debt
+€112,533
Contributions, distributions and other
+€25,504
Cash 2024
€33,745
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,360,861 | €11,615,303 | -€745,558 | -6.0% |
| Fixed assets | 21/28 | €10,818,511 | €11,503,024 | +€684,513 | +6.3% |
| Tangible fixed assets | 22/27 | €9,552,511 | €10,237,024 | +€684,513 | +7.2% |
| Land and buildings | 22 | €9,199,280 | €9,896,004 | +€696,724 | +7.6% |
| Furniture and vehicles | 24 | €23,500 | €23,500 | = | 0.0% |
| Other tangible fixed assets | 26 | €329,731 | €317,520 | -€12,211 | -3.7% |
| Financial fixed assets | 28 | €1,266,000 | €1,266,000 | = | 0.0% |
| Current assets | 29/58 | €1,542,350 | €112,279 | -€1.4m | -92.7% |
| Stocks and contracts in progress | 3 | €1,435,877 | - | -€1.4m | |
| Stocks | 30/36 | €1,435,877 | - | -€1.4m | |
| Amounts receivable within one year | 40/41 | €97,855 | €77,134 | -€20,721 | -21.2% |
| Trade receivables | 40 | €27,855 | €6,044 | -€21,811 | -78.3% |
| Other amounts receivable | 41 | €70,000 | €71,089 | +€1,089 | +1.6% |
| Cash at bank and in hand | 54/58 | €8,618 | €33,745 | +€25,128 | +291.6% |
| Deferred charges and accrued income | 490/1 | - | €1,400 | +€1,400 | |
| Total equity and liabilities | 10/49 | €12,360,861 | €11,615,303 | -€745,558 | -6.0% |
| Equity | 10/15 | €5,509,375 | €4,816,428 | -€692,947 | -12.6% |
| Contributions | 10/11 | €276,183 | €276,183 | = | 0.0% |
| Capital | 10 | €275,500 | €275,500 | = | 0.0% |
| Issued capital | 100 | €275,500 | €275,500 | = | 0.0% |
| Contributions outside capital | 11 | €683 | €683 | = | 0.0% |
| Share premium | 1100/10 | €683 | €683 | = | 0.0% |
| Revaluation surpluses | 12 | €4,696,871 | €4,696,871 | = | 0.0% |
| Reserves | 13 | €368,680 | €353,872 | -€14,809 | -4.0% |
| Non-distributable reserves | 130/1 | €27,550 | €27,550 | = | 0.0% |
| Legal reserve | 130 | €27,550 | €27,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €341,130 | €326,322 | -€14,809 | -4.3% |
| Profit (loss) carried forward | 14 | €97,887 | -€605,756 | -€703,643 | |
| Investment grants | 15 | €69,753 | €95,258 | +€25,504 | +36.6% |
| Provisions and deferred taxes | 16 | €168,593 | €147,446 | -€21,147 | -12.5% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €34,000 | -€16,000 | -32.0% |
| Other liabilities and charges | 164/5 | €50,000 | €34,000 | -€16,000 | -32.0% |
| Deferred taxes | 168 | €118,593 | €113,446 | -€5,147 | -4.3% |
| Amounts payable | 17/49 | €6,682,893 | €6,651,429 | -€31,464 | -0.5% |
| Amounts payable after more than one year | 17 | €8,900 | €7,200 | -€1,700 | -19.1% |
| Other amounts payable | 178/9 | €8,900 | €7,200 | -€1,700 | -19.1% |
| Amounts payable within one year | 42/48 | €6,598,670 | €6,564,884 | -€33,787 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €3,763,874 | €3,876,407 | +€112,533 | +3.0% |
| Trade debts | 44 | - | €7,428 | +€7,428 | |
| Suppliers | 440/4 | - | €7,428 | +€7,428 | |
| Advances received on contracts in progress | 46 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €2,834,797 | €2,675,049 | -€159,748 | -5.6% |
| Accrued charges and deferred income | 492/3 | €75,323 | €79,345 | +€4,022 | +5.3% |
| Non-recurring operating income | 76A | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516,010 | €706,115 | +€190,105 | +36.8% |
| Other operating charges | 640/8 | €25,483 | €6,251 | -€19,233 | -75.5% |
| Gross operating margin | 9900 | €1,215,919 | €182,620 | -€1.0m | -85.0% |
| Operating profit (loss) | 9901 | €674,425 | -€529,746 | -€1.2m | |
| Financial income | 75/76B | €14,206 | €14,009 | -€197 | -1.4% |
| Recurring financial income | 75 | €14,206 | €14,009 | -€197 | -1.4% |
| Financial charges | 65/66B | €144,073 | €207,861 | +€63,789 | +44.3% |
| Recurring financial charges | 65 | €144,073 | €207,861 | +€63,789 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €544,559 | -€723,598 | -€1.3m | |
| Transfer from deferred taxes | 780 | €5,147 | €5,147 | = | 0.0% |
| Profit (loss) for the period | 9904 | €549,705 | -€718,451 | -€1.3m | |
| Transfer from tax-exempt reserves | 789 | €14,809 | €14,809 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €564,514 | -€703,643 | -€1.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.