BRAVAN: 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.
BRAVAN
Largest movements
- Stocks and contracts -€34,171
down €34,171 (-100.0%), from €34,171 to €0
- Cash +€29,316
up €29,316 (+111.4%), from €26,305 to €55,621
mainly Stocks and contracts (+€34,171) and Other debts (+€11,152)
- Profit (loss) carried forward -€23,047
down €23,047 (-9.7%), from -€238,672 to -€261,720
- Other debts +€11,152
up €11,152 (+4.2%), from €266,474 to €277,626
- Tax, wage and social debts +€5,553
up €5,553, from €0 to €5,553
- Trade debts +€1,306
up €1,306, from €0 to €1,306
- Gross operating margin -€8,116
down €8,116, from €1,532 to -€6,584
- Other operating charges +€4,364
up €4,364 (+1653.8%), from €264 to €4,628
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 | €60,954 | €55,871 | -€5,083 | -8.3% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €60,704 | €55,621 | -€5,083 | -8.4% |
| Stocks and contracts in progress | 3 | €34,171 | €0 | -€34,171 | -100.0% |
| Stocks | 30/36 | €34,171 | €0 | -€34,171 | -100.0% |
| Amounts receivable within one year | 40/41 | €228 | €0 | -€228 | -100.0% |
| Other amounts receivable | 41 | €228 | €0 | -€228 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,305 | €55,621 | +€29,316 | +111.4% |
| Total equity and liabilities | 10/49 | €60,954 | €55,871 | -€5,083 | -8.3% |
| Equity | 10/15 | -€216,672 | -€239,720 | -€23,047 | -10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,672 | -€261,720 | -€23,047 | -9.7% |
| Amounts payable | 17/49 | €277,626 | €295,591 | +€17,964 | +6.5% |
| Amounts payable within one year | 42/48 | €266,474 | €284,485 | +€18,011 | +6.8% |
| Trade debts | 44 | €0 | €1,306 | +€1,306 | |
| Suppliers | 440/4 | €0 | €1,306 | +€1,306 | |
| Taxes, remuneration and social security | 45 | €0 | €5,553 | +€5,553 | |
| Taxes | 450/3 | €0 | €5,553 | +€5,553 | |
| Other amounts payable | 47/48 | €266,474 | €277,626 | +€11,152 | +4.2% |
| Accrued charges and deferred income | 492/3 | €11,152 | €11,105 | -€47 | -0.4% |
| Other operating charges | 640/8 | €264 | €4,628 | +€4,364 | +1653.8% |
| Non-recurring operating charges | 66A | - | €430 | +€430 | |
| Gross operating margin | 9900 | €1,532 | -€6,584 | -€8,116 | |
| Operating profit (loss) | 9901 | €1,268 | -€11,642 | -€12,910 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,414 | €11,405 | -€9 | -0.1% |
| Recurring financial charges | 65 | €11,414 | €11,405 | -€9 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,147 | -€23,047 | -€12,900 | -127.1% |
| Profit (loss) for the period | 9904 | -€10,147 | -€23,047 | -€12,900 | -127.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,147 | -€23,047 | -€12,900 | -127.1% |
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 12 October 2026 via checked.be.