BRAVA: 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.
BRAVA
Largest movements
- Cash +€14,034
up €14,034 (+128%), from €10,977 to €25,010
mainly Net result for the year (+€12,273) and Depreciation (+€10,680)
- Tangible fixed assets -€10,680
down €10,680 (-26.7%), from €39,962 to €29,282
of which Furniture and vehicles: -€10,226
- Receivables within one year +€923
up €923 (+15.7%), from €5,884 to €6,806
of which Other amounts receivable: +€5,125
- Reserves +€11,414
up €11,414 (+46.3%), from €24,669 to €36,084
- Debts after one year -€5,033
down €5,033 (-30.4%), from €16,558 to €11,525
- Trade debts -€1,177
down €1,177 (-66.8%), from €1,762 to €585
- Accrued charges and deferred income +€1,107
new in 2025: €1,107
- Tax, wage and social debts -€1,099
down €1,099 (-25.1%), from €4,379 to €3,281
- Gross operating margin -€18,518
down €18,518 (-40.5%), from €45,683 to €27,165
- Taxes -€3,333
down €3,333 (-48.4%), from €6,887 to €3,554
- Depreciation -€1,851
down €1,851 (-14.8%), from €12,531 to €10,680
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 | €59,243 | €63,607 | +€4,364 | +7.4% |
| Fixed assets | 21/28 | €39,962 | €29,282 | -€10,680 | -26.7% |
| Tangible fixed assets | 22/27 | €39,962 | €29,282 | -€10,680 | -26.7% |
| Plant, machinery and equipment | 23 | €1,097 | €643 | -€454 | -41.4% |
| Furniture and vehicles | 24 | €38,865 | €28,639 | -€10,226 | -26.3% |
| Current assets | 29/58 | €19,281 | €34,325 | +€15,044 | +78.0% |
| Amounts receivable within one year | 40/41 | €5,884 | €6,806 | +€923 | +15.7% |
| Trade receivables | 40 | €5,884 | €1,681 | -€4,202 | -71.4% |
| Other amounts receivable | 41 | - | €5,125 | +€5,125 | |
| Cash at bank and in hand | 54/58 | €10,977 | €25,010 | +€14,034 | +128% |
| Deferred charges and accrued income | 490/1 | €2,421 | €2,509 | +€88 | +3.6% |
| Total equity and liabilities | 10/49 | €59,243 | €63,607 | +€4,364 | +7.4% |
| Equity | 10/15 | €29,669 | €41,084 | +€11,414 | +38.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,669 | €36,084 | +€11,414 | +46.3% |
| Distributable reserves | 133 | €24,669 | €36,084 | +€11,414 | +46.3% |
| Amounts payable | 17/49 | €29,573 | €22,523 | -€7,050 | -23.8% |
| Amounts payable after more than one year | 17 | €16,558 | €11,525 | -€5,033 | -30.4% |
| Financial debts | 170/4 | €16,558 | €11,525 | -€5,033 | -30.4% |
| Amounts payable within one year | 42/48 | €13,015 | €9,890 | -€3,125 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €6,838 | €6,025 | -€814 | -11.9% |
| Trade debts | 44 | €1,762 | €585 | -€1,177 | -66.8% |
| Suppliers | 440/4 | €1,762 | €585 | -€1,177 | -66.8% |
| Taxes, remuneration and social security | 45 | €4,379 | €3,281 | -€1,099 | -25.1% |
| Taxes | 450/3 | €4,379 | €3,281 | -€1,099 | -25.1% |
| Other amounts payable | 47/48 | €36 | - | -€36 | |
| Accrued charges and deferred income | 492/3 | - | €1,107 | +€1,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,531 | €10,680 | -€1,851 | -14.8% |
| Other operating charges | 640/8 | €503 | €66 | -€437 | -86.9% |
| Gross operating margin | 9900 | €45,683 | €27,165 | -€18,518 | -40.5% |
| Operating profit (loss) | 9901 | €32,649 | €16,419 | -€16,230 | -49.7% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | €1,092 | €692 | -€399 | -36.6% |
| Recurring financial charges | 65 | €1,092 | €692 | -€399 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €31,557 | €15,827 | -€15,729 | -49.8% |
| Income taxes | 67/77 | €6,887 | €3,554 | -€3,333 | -48.4% |
| Profit (loss) for the period | 9904 | €24,669 | €12,273 | -€12,396 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,669 | €12,273 | -€12,396 | -50.2% |
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 19 October 2026 via checked.be.