BRAVAC: 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.
BRAVAC
Largest movements
- Deferred charges and accrued income +€8,645
up €8,645 (+386.8%), from €2,235 to €10,880
- Tangible fixed assets -€5,194
down €5,194 (-1.7%), from €303,184 to €297,990
of which Land and buildings: -€5,194
- Profit (loss) carried forward +€6,576
up €6,576 (+6.7%), from €98,692 to €105,268
- Trade debts -€3,707
no longer reported in 2025 (was €3,707)
- Turnover +€3,162
up €3,162 (+11.5%), from €27,437 to €30,599
- Financial charges -€2,618
down €2,618 (-58.4%), from €4,482 to €1,865
- Taxes +€2,497
up €2,497 (+79.9%), from €3,126 to €5,623
- Gross operating margin +€1,597
up €1,597 (+6.0%), from €26,531 to €28,128
- Purchases and services -€965
down €965 (-28.1%), from €3,436 to €2,472
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 | €325,269 | €325,529 | +€260 | +0.1% |
| Fixed assets | 21/28 | €303,184 | €297,990 | -€5,194 | -1.7% |
| Tangible fixed assets | 22/27 | €303,184 | €297,990 | -€5,194 | -1.7% |
| Land and buildings | 22 | €303,183 | €297,989 | -€5,194 | -1.7% |
| Plant, machinery and equipment | 23 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €22,085 | €27,539 | +€5,454 | +24.7% |
| Cash at bank and in hand | 54/58 | €19,850 | €16,659 | -€3,191 | -16.1% |
| Deferred charges and accrued income | 490/1 | €2,235 | €10,880 | +€8,645 | +386.8% |
| Total equity and liabilities | 10/49 | €325,269 | €325,529 | +€260 | +0.1% |
| Equity | 10/15 | €286,698 | €293,274 | +€6,576 | +2.3% |
| Contributions | 10/11 | €179,053 | €179,053 | = | 0.0% |
| Outside capital | 11 | €179,053 | €179,053 | = | 0.0% |
| Other | 1109/19 | €179,053 | €179,053 | = | 0.0% |
| Reserves | 13 | €8,953 | €8,953 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,953 | €8,953 | = | 0.0% |
| Legal reserve | 130 | €8,953 | €8,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,692 | €105,268 | +€6,576 | +6.7% |
| Amounts payable | 17/49 | €38,571 | €32,255 | -€6,316 | -16.4% |
| Amounts payable within one year | 42/48 | €34,137 | €30,429 | -€3,707 | -10.9% |
| Trade debts | 44 | €3,707 | - | -€3,707 | |
| Suppliers | 440/4 | €3,707 | - | -€3,707 | |
| Other amounts payable | 47/48 | €30,429 | €30,429 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,434 | €1,826 | -€2,609 | -58.8% |
| Turnover | 70 | €27,437 | €30,599 | +€3,162 | +11.5% |
| Non-recurring operating income | 76A | €2,530 | - | -€2,530 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,436 | €2,472 | -€965 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,782 | €9,404 | +€623 | +7.1% |
| Other operating charges | 640/8 | €4,523 | €4,660 | +€137 | +3.0% |
| Gross operating margin | 9900 | €26,531 | €28,128 | +€1,597 | +6.0% |
| Operating profit (loss) | 9901 | €13,226 | €14,063 | +€838 | +6.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,482 | €1,865 | -€2,618 | -58.4% |
| Recurring financial charges | 65 | €4,482 | €1,865 | -€2,618 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €8,743 | €12,199 | +€3,455 | +39.5% |
| Income taxes | 67/77 | €3,126 | €5,623 | +€2,497 | +79.9% |
| Profit (loss) for the period | 9904 | €5,617 | €6,576 | +€958 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,617 | €6,576 | +€958 | +17.1% |
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 28 September 2026 via checked.be.