BRAVAN: 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.
BRAVAN
Largest movements
- Cash -€238,979
down €238,979 (-85.9%), from €278,289 to €39,310
mainly Other debts (-€241,441) and Receivables within one year (-€21,471)
- Receivables within one year +€21,471
new in 2025: €21,471
- Tangible fixed assets -€17,751
down €17,751 (-5.2%), from €343,478 to €325,727
- Other debts -€241,441
down €241,441 (-99.5%), from €242,608 to €1,166
- Gross operating margin +€2,428
up €2,428 (+10.9%), from €22,301 to €24,729
- Taxes -€347
down €347 (-42.9%), from €809 to €462
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 | €621,767 | €386,508 | -€235,260 | -37.8% |
| Fixed assets | 21/28 | €343,478 | €325,727 | -€17,751 | -5.2% |
| Tangible fixed assets | 22/27 | €343,478 | €325,727 | -€17,751 | -5.2% |
| Land and buildings | 22 | €343,478 | €325,727 | -€17,751 | -5.2% |
| Current assets | 29/58 | €278,289 | €60,781 | -€217,509 | -78.2% |
| Amounts receivable within one year | 40/41 | - | €21,471 | +€21,471 | |
| Other amounts receivable | 41 | - | €21,471 | +€21,471 | |
| Cash at bank and in hand | 54/58 | €278,289 | €39,310 | -€238,979 | -85.9% |
| Total equity and liabilities | 10/49 | €621,767 | €386,508 | -€235,260 | -37.8% |
| Equity | 10/15 | €378,644 | €384,533 | +€5,888 | +1.6% |
| Contributions | 10/11 | €414,600 | €414,600 | = | 0.0% |
| Reserves | 13 | €3,112 | €3,112 | = | 0.0% |
| Distributable reserves | 133 | €3,112 | €3,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,067 | -€33,179 | +€5,888 | +15.1% |
| Amounts payable | 17/49 | €243,123 | €1,975 | -€241,148 | -99.2% |
| Amounts payable within one year | 42/48 | €243,123 | €1,975 | -€241,148 | -99.2% |
| Trade debts | 44 | - | €309 | +€309 | |
| Suppliers | 440/4 | - | €309 | +€309 | |
| Taxes, remuneration and social security | 45 | €515 | €500 | -€16 | -3.0% |
| Taxes | 450/3 | €515 | €500 | -€16 | -3.0% |
| Other amounts payable | 47/48 | €242,608 | €1,166 | -€241,441 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,751 | €17,751 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €188 | +€70 | +59.7% |
| Gross operating margin | 9900 | €22,301 | €24,729 | +€2,428 | +10.9% |
| Operating profit (loss) | 9901 | €4,432 | €6,790 | +€2,358 | +53.2% |
| Financial income | 75/76B | €1,455 | €1,481 | +€26 | +1.8% |
| Recurring financial income | 75 | €1,455 | €1,481 | +€26 | +1.8% |
| Financial charges | 65/66B | €254 | €254 | = | 0.0% |
| Recurring financial charges | 65 | €254 | €254 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,633 | €8,017 | +€2,384 | +42.3% |
| Income taxes | 67/77 | €809 | €462 | -€347 | -42.9% |
| Profit (loss) for the period | 9904 | €4,824 | €7,554 | +€2,731 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,824 | €7,554 | +€2,731 | +56.6% |
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 4 October 2026 via checked.be.