BRAVA SOLUTIONS: 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 SOLUTIONS
Largest movements
- Current investments +€600,000
up €600,000 (+600,060%), from €100 to €600,100
- Cash -€189,185
down €189,185 (-47.4%), from €399,149 to €209,963
mainly Contributions, distributions and other (-€1.2m) and Current investments (-€600,000)
- Tangible fixed assets -€159,973
down €159,973 (-41.9%), from €382,023 to €222,050
of which Other tangible fixed assets: -€133,000
- Receivables after one year +€25,000
new in 2025: €25,000
- Other debts +€276,974
up €276,974 (+39.4%), from €702,506 to €979,480
- Tax, wage and social debts +€15,841
up €15,841 (+24.3%), from €65,253 to €81,094
- Gross operating margin +€727,089
up €727,089 (+76.7%), from €948,427 to €1.7m
- Taxes +€184,185
up €184,185 (+81.0%), from €227,385 to €411,570
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 | €792,150 | €1,083,234 | +€291,084 | +36.7% |
| Fixed assets | 21/28 | €382,023 | €222,050 | -€159,973 | -41.9% |
| Tangible fixed assets | 22/27 | €382,023 | €222,050 | -€159,973 | -41.9% |
| Land and buildings | 22 | €180,396 | €174,050 | -€6,346 | -3.5% |
| Plant, machinery and equipment | 23 | €1,594 | €867 | -€727 | -45.6% |
| Furniture and vehicles | 24 | €67,034 | €47,133 | -€19,900 | -29.7% |
| Other tangible fixed assets | 26 | €133,000 | - | -€133,000 | |
| Current assets | 29/58 | €410,127 | €861,184 | +€451,057 | +110% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Trade receivables | 290 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €6,538 | €15,970 | +€9,432 | +144% |
| Trade receivables | 40 | €1,004 | €865 | -€140 | -13.9% |
| Other amounts receivable | 41 | €5,534 | €15,105 | +€9,572 | +173% |
| Current investments | 50/53 | €100 | €600,100 | +€600,000 | +600,060% |
| Cash at bank and in hand | 54/58 | €399,149 | €209,963 | -€189,185 | -47.4% |
| Deferred charges and accrued income | 490/1 | €4,340 | €10,151 | +€5,811 | +134% |
| Total equity and liabilities | 10/49 | €792,150 | €1,083,234 | +€291,084 | +36.7% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €771,690 | €1,062,774 | +€291,084 | +37.7% |
| Amounts payable after more than one year | 17 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 178/9 | €2,200 | €2,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €769,490 | €1,060,574 | +€291,084 | +37.8% |
| Trade debts | 44 | €1,732 | - | -€1,732 | |
| Suppliers | 440/4 | €1,732 | - | -€1,732 | |
| Taxes, remuneration and social security | 45 | €65,253 | €81,094 | +€15,841 | +24.3% |
| Taxes | 450/3 | €65,253 | €81,094 | +€15,841 | +24.3% |
| Other amounts payable | 47/48 | €702,506 | €979,480 | +€276,974 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,231 | €26,973 | -€258 | -0.9% |
| Other operating charges | 640/8 | €2,305 | €2,376 | +€72 | +3.1% |
| Gross operating margin | 9900 | €948,427 | €1,675,516 | +€727,089 | +76.7% |
| Operating profit (loss) | 9901 | €918,891 | €1,646,166 | +€727,275 | +79.1% |
| Financial income | 75/76B | €5,555 | €15,000 | +€9,445 | +170% |
| Recurring financial income | 75 | €5,555 | €15,000 | +€9,445 | +170% |
| Financial charges | 65/66B | €865 | €910 | +€46 | +5.3% |
| Recurring financial charges | 65 | €865 | €910 | +€46 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €923,582 | €1,660,257 | +€736,675 | +79.8% |
| Income taxes | 67/77 | €227,385 | €411,570 | +€184,185 | +81.0% |
| Profit (loss) for the period | 9904 | €696,197 | €1,248,687 | +€552,490 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €696,197 | €1,248,687 | +€552,490 | +79.4% |
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.