Bratavi: 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.
Bratavi
Largest movements
- Cash +€180,874
up €180,874 (+57.2%), from €316,383 to €497,257
mainly Net result for the year (+€302,580) and Tax, wage and social debts (+€35,451)
- Financial fixed assets +€128,932
up €128,932 (+109.0%), from €118,304 to €247,236
- Tangible fixed assets -€25,332
down €25,332 (-3.4%), from €752,744 to €727,412
of which Land and buildings: -€23,885
- Reserves +€202,580
up €202,580 (+17.0%), from €1.2m to €1.4m
of which Distributable reserves: +€202,580
- Tax, wage and social debts +€35,451
up €35,451 (+55.1%), from €64,370 to €99,821
- Other debts +€33,698
up €33,698 (+62.5%), from €53,949 to €87,648
- Gross operating margin +€70,482
up €70,482 (+19.5%), from €361,022 to €431,504
- Taxes +€18,398
up €18,398 (+22.9%), from €80,303 to €98,701
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 | €1,337,093 | €1,604,003 | +€266,910 | +20.0% |
| Fixed assets | 21/28 | €871,048 | €974,648 | +€103,600 | +11.9% |
| Tangible fixed assets | 22/27 | €752,744 | €727,412 | -€25,332 | -3.4% |
| Land and buildings | 22 | €745,720 | €721,835 | -€23,885 | -3.2% |
| Plant, machinery and equipment | 23 | €308 | €255 | -€52 | -17.0% |
| Furniture and vehicles | 24 | €6,716 | €5,321 | -€1,395 | -20.8% |
| Financial fixed assets | 28 | €118,304 | €247,236 | +€128,932 | +109.0% |
| Current assets | 29/58 | €466,045 | €629,355 | +€163,310 | +35.0% |
| Amounts receivable after more than one year | 29 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Other amounts receivable | 291 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €117,439 | €105,406 | -€12,034 | -10.2% |
| Trade receivables | 40 | €80,705 | €50,636 | -€30,069 | -37.3% |
| Other amounts receivable | 41 | €36,734 | €54,770 | +€18,036 | +49.1% |
| Cash at bank and in hand | 54/58 | €316,383 | €497,257 | +€180,874 | +57.2% |
| Deferred charges and accrued income | 490/1 | €7,223 | €6,693 | -€530 | -7.3% |
| Total equity and liabilities | 10/49 | €1,337,093 | €1,604,003 | +€266,910 | +20.0% |
| Equity | 10/15 | €1,210,835 | €1,413,415 | +€202,580 | +16.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,192,285 | €1,394,865 | +€202,580 | +17.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,190,430 | €1,393,010 | +€202,580 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,257 | €190,587 | +€64,330 | +51.0% |
| Amounts payable within one year | 42/48 | €126,257 | €190,587 | +€64,330 | +51.0% |
| Financial debts | 43 | €6,228 | €2,560 | -€3,668 | -58.9% |
| Credit institutions | 430/8 | €6,228 | €2,560 | -€3,668 | -58.9% |
| Trade debts | 44 | €1,710 | €559 | -€1,151 | -67.3% |
| Suppliers | 440/4 | €1,710 | €559 | -€1,151 | -67.3% |
| Taxes, remuneration and social security | 45 | €64,370 | €99,821 | +€35,451 | +55.1% |
| Taxes | 450/3 | €64,370 | €99,821 | +€35,451 | +55.1% |
| Other amounts payable | 47/48 | €53,949 | €87,648 | +€33,698 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,848 | €28,445 | -€1,403 | -4.7% |
| Other operating charges | 640/8 | €2,735 | €2,825 | +€90 | +3.3% |
| Gross operating margin | 9900 | €361,022 | €431,504 | +€70,482 | +19.5% |
| Operating profit (loss) | 9901 | €328,440 | €400,235 | +€71,795 | +21.9% |
| Financial income | 75/76B | €887 | €1,213 | +€325 | +36.6% |
| Recurring financial income | 75 | €887 | €1,213 | +€325 | +36.6% |
| Financial charges | 65/66B | €206 | €166 | -€40 | -19.3% |
| Recurring financial charges | 65 | €206 | €166 | -€40 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €329,121 | €401,281 | +€72,160 | +21.9% |
| Income taxes | 67/77 | €80,303 | €98,701 | +€18,398 | +22.9% |
| Profit (loss) for the period | 9904 | €248,818 | €302,580 | +€53,762 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €248,818 | €302,580 | +€53,762 | +21.6% |
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 1 October 2026 via checked.be.