Braven Projects: 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.
Braven Projects
Largest movements
- Cash +€16,646
up €16,646 (+26.9%), from €61,892 to €78,537
mainly Net result for the year (+€30,144) and Depreciation (+€2,252)
- Receivables within one year +€7,055
up €7,055 (+52.1%), from €13,552 to €20,607
of which Trade receivables: +€7,044
- Tangible fixed assets +€3,679
up €3,679 (+156.3%), from €2,353 to €6,032
of which Furniture and vehicles: +€2,301
- Deferred charges and accrued income +€1,248
up €1,248 (+125.6%), from €994 to €2,242
- Reserves +€87,856
new in 2025: €87,856
- Profit (loss) carried forward -€57,712
no longer reported in 2025 (was €57,712)
- Other debts -€1,275
down €1,275 (-16.9%), from €7,547 to €6,272
- Gross operating margin +€9,465
up €9,465 (+25.3%), from €37,483 to €46,948
- Other operating charges +€4,249
up €4,249 (+2146.9%), from €198 to €4,447
- Depreciation +€1,152
up €1,152 (+104.8%), from €1,100 to €2,252
- Financial charges +€771
up €771 (+47.1%), from €1,635 to €2,406
- Taxes +€760
up €760 (+10.5%), from €7,221 to €7,981
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 | €78,790 | €107,419 | +€28,628 | +36.3% |
| Fixed assets | 21/28 | €2,353 | €6,032 | +€3,679 | +156.3% |
| Tangible fixed assets | 22/27 | €2,353 | €6,032 | +€3,679 | +156.3% |
| Plant, machinery and equipment | 23 | - | €1,378 | +€1,378 | |
| Furniture and vehicles | 24 | €2,353 | €4,654 | +€2,301 | +97.8% |
| Current assets | 29/58 | €76,437 | €101,387 | +€24,949 | +32.6% |
| Amounts receivable within one year | 40/41 | €13,552 | €20,607 | +€7,055 | +52.1% |
| Trade receivables | 40 | €13,552 | €20,596 | +€7,044 | +52.0% |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €61,892 | €78,537 | +€16,646 | +26.9% |
| Deferred charges and accrued income | 490/1 | €994 | €2,242 | +€1,248 | +125.6% |
| Total equity and liabilities | 10/49 | €78,790 | €107,419 | +€28,628 | +36.3% |
| Equity | 10/15 | €60,712 | €90,856 | +€30,144 | +49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €87,856 | +€87,856 | |
| Distributable reserves | 133 | - | €87,856 | +€87,856 | |
| Profit (loss) carried forward | 14 | €57,712 | - | -€57,712 | |
| Amounts payable | 17/49 | €18,079 | €16,563 | -€1,516 | -8.4% |
| Amounts payable within one year | 42/48 | €18,079 | €16,563 | -€1,516 | -8.4% |
| Trade debts | 44 | €1,484 | €1,539 | +€55 | +3.7% |
| Suppliers | 440/4 | €1,484 | €1,539 | +€55 | +3.7% |
| Taxes, remuneration and social security | 45 | €9,049 | €8,752 | -€296 | -3.3% |
| Taxes | 450/3 | €9,049 | €8,752 | -€296 | -3.3% |
| Other amounts payable | 47/48 | €7,547 | €6,272 | -€1,275 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €2,252 | +€1,152 | +104.8% |
| Other operating charges | 640/8 | €198 | €4,447 | +€4,249 | +2146.9% |
| Gross operating margin | 9900 | €37,483 | €46,948 | +€9,465 | +25.3% |
| Operating profit (loss) | 9901 | €36,185 | €40,249 | +€4,064 | +11.2% |
| Financial income | 75/76B | - | €282 | +€282 | |
| Recurring financial income | 75 | - | €282 | +€282 | |
| Financial charges | 65/66B | €1,635 | €2,406 | +€771 | +47.1% |
| Recurring financial charges | 65 | €1,635 | €2,406 | +€771 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €34,550 | €38,125 | +€3,575 | +10.3% |
| Income taxes | 67/77 | €7,221 | €7,981 | +€760 | +10.5% |
| Profit (loss) for the period | 9904 | €27,329 | €30,144 | +€2,815 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,329 | €30,144 | +€2,815 | +10.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.