Brave Minds: 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.
Brave Minds
Largest movements
- Cash -€92,844
down €92,844 (-35.7%), from €259,879 to €167,035
mainly Tax, wage and social debts (-€50,310) and Receivables within one year (-€35,721)
- Receivables within one year +€35,721
up €35,721 (+29.7%), from €120,389 to €156,110
of which Trade receivables: +€58,201
- Tax, wage and social debts -€50,310
down €50,310 (-90.5%), from €55,579 to €5,269
- Profit (loss) carried forward -€7,582
down €7,582 (-2.5%), from €303,351 to €295,770
- Gross operating margin -€181,284
down €181,284, from €177,203 to -€4,081
- Taxes -€55,579
no longer reported in 2025 (was €55,579)
- Financial income -€3,733
down €3,733 (-54.9%), from €6,796 to €3,064
- Other operating charges -€2,455
down €2,455 (-89.1%), from €2,755 to €300
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 | €391,117 | €333,826 | -€57,291 | -14.6% |
| Fixed assets | 21/28 | €4,889 | €3,311 | -€1,578 | -32.3% |
| Tangible fixed assets | 22/27 | €4,889 | €3,311 | -€1,578 | -32.3% |
| Furniture and vehicles | 24 | €4,889 | €3,311 | -€1,578 | -32.3% |
| Current assets | 29/58 | €386,228 | €330,515 | -€55,713 | -14.4% |
| Amounts receivable within one year | 40/41 | €120,389 | €156,110 | +€35,721 | +29.7% |
| Trade receivables | 40 | - | €58,201 | +€58,201 | |
| Other amounts receivable | 41 | €120,389 | €97,909 | -€22,480 | -18.7% |
| Cash at bank and in hand | 54/58 | €259,879 | €167,035 | -€92,844 | -35.7% |
| Deferred charges and accrued income | 490/1 | €5,960 | €7,370 | +€1,410 | +23.7% |
| Total equity and liabilities | 10/49 | €391,117 | €333,826 | -€57,291 | -14.6% |
| Equity | 10/15 | €323,811 | €316,230 | -€7,582 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,351 | €295,770 | -€7,582 | -2.5% |
| Amounts payable | 17/49 | €67,306 | €17,596 | -€49,710 | -73.9% |
| Amounts payable within one year | 42/48 | €55,579 | €5,269 | -€50,310 | -90.5% |
| Taxes, remuneration and social security | 45 | €55,579 | €5,269 | -€50,310 | -90.5% |
| Taxes | 450/3 | €55,579 | €5,269 | -€50,310 | -90.5% |
| Accrued charges and deferred income | 492/3 | €11,727 | €12,327 | +€600 | +5.1% |
| Remuneration, social security and pensions | 62 | €3,841 | €3,841 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,241 | €1,578 | +€337 | +27.1% |
| Other operating charges | 640/8 | €2,755 | €300 | -€2,455 | -89.1% |
| Gross operating margin | 9900 | €177,203 | -€4,081 | -€181,284 | |
| Operating profit (loss) | 9901 | €169,366 | -€9,800 | -€179,166 | |
| Financial income | 75/76B | €6,796 | €3,064 | -€3,733 | -54.9% |
| Recurring financial income | 75 | €6,796 | €3,064 | -€3,733 | -54.9% |
| Financial charges | 65/66B | €119 | €845 | +€726 | +611% |
| Recurring financial charges | 65 | €119 | €845 | +€726 | +611% |
| Profit (loss) for the period before taxes | 9903 | €176,043 | -€7,582 | -€183,625 | |
| Income taxes | 67/77 | €55,579 | - | -€55,579 | |
| Profit (loss) for the period | 9904 | €120,465 | -€7,582 | -€128,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,465 | -€7,582 | -€128,046 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.