BraveLabs: 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.
BraveLabs
Largest movements
- Cash -€36,372
down €36,372 (-53.2%), from €68,411 to €32,039
mainly Contributions, distributions and other (-€77,882) and Receivables within one year (-€28,367)
- Receivables within one year +€28,367
up €28,367 (+45.0%), from €63,051 to €91,419
of which Other amounts receivable: +€15,935
- Tangible fixed assets -€9,542
down €9,542 (-29.0%), from €32,950 to €23,408
of which Furniture and vehicles: -€11,655
- Profit (loss) carried forward -€57,098
down €57,098 (-79.2%), from €72,098 to €15,000
- Other debts +€33,469
up €33,469 (+76.5%), from €43,730 to €77,200
- Short-term financial debts +€9,314
new in 2025: €9,314
- Tax, wage and social debts -€5,895
down €5,895 (-12.4%), from €47,563 to €41,668
- Trade debts +€2,242
up €2,242 (+4,010%), from €56 to €2,298
- Gross operating margin -€53,639
down €53,639 (-45.7%), from €117,395 to €63,756
- Staff costs +€22,496
new in 2025: €22,496
- Taxes -€15,334
down €15,334 (-73.1%), from €20,982 to €5,648
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 | €164,833 | €146,866 | -€17,967 | -10.9% |
| Fixed assets | 21/28 | €33,370 | €23,408 | -€9,962 | -29.9% |
| Intangible fixed assets | 21 | €420 | - | -€420 | |
| Tangible fixed assets | 22/27 | €32,950 | €23,408 | -€9,542 | -29.0% |
| Plant, machinery and equipment | 23 | - | €2,114 | +€2,114 | |
| Furniture and vehicles | 24 | €32,950 | €21,295 | -€11,655 | -35.4% |
| Current assets | 29/58 | €131,463 | €123,458 | -€8,005 | -6.1% |
| Amounts receivable within one year | 40/41 | €63,051 | €91,419 | +€28,367 | +45.0% |
| Trade receivables | 40 | €63,051 | €75,484 | +€12,432 | +19.7% |
| Other amounts receivable | 41 | - | €15,935 | +€15,935 | |
| Cash at bank and in hand | 54/58 | €68,411 | €32,039 | -€36,372 | -53.2% |
| Total equity and liabilities | 10/49 | €164,833 | €146,866 | -€17,967 | -10.9% |
| Equity | 10/15 | €73,484 | €16,386 | -€57,098 | -77.7% |
| Contributions | 10/11 | €1,260 | €1,260 | = | 0.0% |
| Capital | 10 | €1,260 | - | -€1,260 | |
| Issued capital | 100 | €1,260 | - | -€1,260 | |
| Reserves | 13 | €126 | €126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €126 | €126 | = | 0.0% |
| Legal reserve | 130 | €126 | - | -€126 | |
| Reserves not available under the articles | 1311 | - | €126 | +€126 | |
| Profit (loss) carried forward | 14 | €72,098 | €15,000 | -€57,098 | -79.2% |
| Amounts payable | 17/49 | €91,349 | €130,480 | +€39,131 | +42.8% |
| Amounts payable within one year | 42/48 | €91,349 | €130,480 | +€39,131 | +42.8% |
| Financial debts | 43 | - | €9,314 | +€9,314 | |
| Credit institutions | 430/8 | - | €9,314 | +€9,314 | |
| Trade debts | 44 | €56 | €2,298 | +€2,242 | +4,010% |
| Suppliers | 440/4 | €56 | €2,298 | +€2,242 | +4,010% |
| Taxes, remuneration and social security | 45 | €47,563 | €41,668 | -€5,895 | -12.4% |
| Taxes | 450/3 | €47,563 | €41,668 | -€5,895 | -12.4% |
| Other amounts payable | 47/48 | €43,730 | €77,200 | +€33,469 | +76.5% |
| Remuneration, social security and pensions | 62 | - | €22,496 | +€22,496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,572 | €13,208 | +€636 | +5.1% |
| Other operating charges | 640/8 | €809 | €679 | -€130 | -16.1% |
| Gross operating margin | 9900 | €117,395 | €63,756 | -€53,639 | -45.7% |
| Operating profit (loss) | 9901 | €104,014 | €27,373 | -€76,641 | -73.7% |
| Financial income | 75/76B | €16 | €156 | +€141 | +908% |
| Recurring financial income | 75 | €16 | €156 | +€141 | +908% |
| Financial charges | 65/66B | €1,511 | €1,097 | -€414 | -27.4% |
| Recurring financial charges | 65 | €1,511 | €1,097 | -€414 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €102,518 | €26,432 | -€76,086 | -74.2% |
| Income taxes | 67/77 | €20,982 | €5,648 | -€15,334 | -73.1% |
| Profit (loss) for the period | 9904 | €81,537 | €20,784 | -€60,752 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,537 | €20,784 | -€60,752 | -74.5% |
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 16 October 2026 via checked.be.