BRAVA: what changed
What changed
BRAVA
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€52,057
2024 · €49,839+€2,218
Equity
€641,667
2024 · €589,611+€52,057
Cash
€69,706
2024 · €77,378-€7,673
Balance sheet total
€1.6m
2024 · €1.5m+€150,703
Largest movements
Assets
- Tangible fixed assets +€123,679
up €123,679 (+20.6%), from €600,463 to €724,142
of which Plant, machinery and equipment: +€145,691
- Receivables within one year +€16,551
up €16,551 (+2.3%), from €717,990 to €734,541
of which Other amounts receivable: +€55,439
Equity and liabilities
- Trade debts +€132,900
up €132,900 (+71.2%), from €186,602 to €319,502
- Reserves +€52,057
up €52,057 (+8.9%), from €583,411 to €635,467
- Debts after one year -€39,861
down €39,861 (-8.4%), from €471,976 to €432,114
Income statement
- Other operating charges -€60,112
down €60,112 (-86.6%), from €69,398 to €9,286
- Gross operating margin -€48,991
down €48,991 (-8.2%), from €596,732 to €547,742
- Staff costs +€13,474
up €13,474 (+3.5%), from €390,107 to €403,581
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€49,839
Gross operating margin
-€48,991
Staff costs
-€13,474
Depreciation
-€202
Other operating charges
+€60,112
Financial income
+€427
Financial charges
+€1,731
Taxes
+€2,614
Result 2025
€52,057
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€197,966
Investment
-€180,212
Financing
-€25,426
Cash 2024
€77,378
From operations (derived)
+€197,966
Net result for the year
+€52,057
Depreciation
+€56,533
Stocks and contracts
-€10,025
Receivables within one year
-€16,551
Deferred charges and accrued income
-€8,121
Trade debts
+€132,900
Tax, wage and social debts
-€10,023
Other debts
+€1,195
Investment (derived)
-€180,212
Investment in fixed assets (net)
-€180,212
Financing
-€25,426
Debts after one year
-€39,861
Current portion of long-term debt
+€4,290
Short-term financial debts
+€10,145
Cash 2025
€69,706
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,478,881 | €1,629,584 | +€150,703 | +10.2% |
| Fixed assets | 21/28 | €600,463 | €724,142 | +€123,679 | +20.6% |
| Tangible fixed assets | 22/27 | €600,463 | €724,142 | +€123,679 | +20.6% |
| Land and buildings | 22 | €568,549 | €532,291 | -€36,258 | -6.4% |
| Plant, machinery and equipment | 23 | €22,932 | €168,623 | +€145,691 | +635% |
| Furniture and vehicles | 24 | €7,477 | €22,011 | +€14,533 | +194% |
| Other tangible fixed assets | 26 | €1,505 | €1,217 | -€288 | -19.1% |
| Current assets | 29/58 | €878,419 | €905,442 | +€27,024 | +3.1% |
| Stocks and contracts in progress | 3 | €57,307 | €67,332 | +€10,025 | +17.5% |
| Stocks | 30/36 | €57,307 | €67,332 | +€10,025 | +17.5% |
| Amounts receivable within one year | 40/41 | €717,990 | €734,541 | +€16,551 | +2.3% |
| Trade receivables | 40 | €670,119 | €631,230 | -€38,888 | -5.8% |
| Other amounts receivable | 41 | €47,871 | €103,310 | +€55,439 | +116% |
| Cash at bank and in hand | 54/58 | €77,378 | €69,706 | -€7,673 | -9.9% |
| Deferred charges and accrued income | 490/1 | €25,743 | €33,864 | +€8,121 | +31.5% |
| Total equity and liabilities | 10/49 | €1,478,881 | €1,629,584 | +€150,703 | +10.2% |
| Equity | 10/15 | €589,611 | €641,667 | +€52,057 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €583,411 | €635,467 | +€52,057 | +8.9% |
| Distributable reserves | 133 | €583,411 | €635,467 | +€52,057 | +8.9% |
| Amounts payable | 17/49 | €889,270 | €987,917 | +€98,646 | +11.1% |
| Amounts payable after more than one year | 17 | €471,976 | €432,114 | -€39,861 | -8.4% |
| Financial debts | 170/4 | €471,976 | €432,114 | -€39,861 | -8.4% |
| Amounts payable within one year | 42/48 | €417,295 | €555,802 | +€138,507 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €53,209 | €57,500 | +€4,290 | +8.1% |
| Financial debts | 43 | €36,701 | €46,846 | +€10,145 | +27.6% |
| Credit institutions | 430/8 | €36,701 | €46,846 | +€10,145 | +27.6% |
| Trade debts | 44 | €186,602 | €319,502 | +€132,900 | +71.2% |
| Suppliers | 440/4 | €186,602 | €319,502 | +€132,900 | +71.2% |
| Taxes, remuneration and social security | 45 | €85,331 | €75,308 | -€10,023 | -11.7% |
| Taxes | 450/3 | €47,366 | €19,015 | -€28,351 | -59.9% |
| Remuneration and social security | 454/9 | €37,965 | €56,294 | +€18,328 | +48.3% |
| Other amounts payable | 47/48 | €55,451 | €56,646 | +€1,195 | +2.2% |
| Remuneration, social security and pensions | 62 | €390,107 | €403,581 | +€13,474 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,332 | €56,533 | +€202 | +0.4% |
| Other operating charges | 640/8 | €69,398 | €9,286 | -€60,112 | -86.6% |
| Gross operating margin | 9900 | €596,732 | €547,742 | -€48,991 | -8.2% |
| Operating profit (loss) | 9901 | €80,896 | €78,342 | -€2,555 | -3.2% |
| Financial income | 75/76B | €1,238 | €1,665 | +€427 | +34.5% |
| Recurring financial income | 75 | €1,238 | €1,665 | +€427 | +34.5% |
| Financial charges | 65/66B | €12,657 | €10,927 | -€1,731 | -13.7% |
| Recurring financial charges | 65 | €12,657 | €10,927 | -€1,731 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €69,477 | €69,080 | -€396 | -0.6% |
| Income taxes | 67/77 | €19,638 | €17,024 | -€2,614 | -13.3% |
| Profit (loss) for the period | 9904 | €49,839 | €52,057 | +€2,218 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,839 | €52,057 | +€2,218 | +4.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.