BRAVIS-IMMO: 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.
BRAVIS-IMMO
Largest movements
- Stocks and contracts +€707,420
up €707,420 (+67.5%), from €1.0m to €1.8m
- Receivables within one year -€44,102
down €44,102 (-66.1%), from €66,672 to €22,569
of which Trade receivables: -€51,837
- Other debts +€307,009
up €307,009 (+41.8%), from €735,292 to €1.0m
- Short-term financial debts +€162,061
up €162,061 (+17.9%), from €907,835 to €1.1m
- Trade debts +€155,553
up €155,553 (+105.2%), from €147,911 to €303,464
- Advances received +€27,897
new in 2025: €27,897
- Financial charges -€8,355
down €8,355 (-93.7%), from €8,918 to €564
- Gross operating margin -€5,620
down €5,620 (-130.9%), from -€4,294 to -€9,914
- Other operating charges +€3,319
up €3,319 (+323.9%), from €1,025 to €4,344
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 | €1,965,696 | €2,603,394 | +€637,698 | +32.4% |
| Fixed assets | 21/28 | €824,607 | €824,607 | = | 0.0% |
| Tangible fixed assets | 22/27 | €824,607 | €824,607 | = | 0.0% |
| Land and buildings | 22 | €824,607 | €824,607 | = | 0.0% |
| Current assets | 29/58 | €1,141,090 | €1,778,787 | +€637,698 | +55.9% |
| Stocks and contracts in progress | 3 | €1,048,612 | €1,756,032 | +€707,420 | +67.5% |
| Stocks | 30/36 | €1,048,612 | €1,756,032 | +€707,420 | +67.5% |
| Amounts receivable within one year | 40/41 | €66,672 | €22,569 | -€44,102 | -66.1% |
| Trade receivables | 40 | €63,981 | €12,143 | -€51,837 | -81.0% |
| Other amounts receivable | 41 | €2,691 | €10,426 | +€7,735 | +287.4% |
| Cash at bank and in hand | 54/58 | €25,806 | €186 | -€25,620 | -99.3% |
| Total equity and liabilities | 10/49 | €1,965,696 | €2,603,394 | +€637,698 | +32.4% |
| Equity | 10/15 | €174,658 | €159,837 | -€14,821 | -8.5% |
| Contributions | 10/11 | €56,400 | €56,400 | = | 0.0% |
| Revaluation surpluses | 12 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €2,058 | €2,058 | = | 0.0% |
| Distributable reserves | 133 | €2,058 | €2,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,800 | -€193,622 | -€14,821 | -8.3% |
| Amounts payable | 17/49 | €1,791,038 | €2,443,557 | +€652,519 | +36.4% |
| Amounts payable within one year | 42/48 | €1,791,038 | €2,443,557 | +€652,519 | +36.4% |
| Financial debts | 43 | €907,835 | €1,069,896 | +€162,061 | +17.9% |
| Credit institutions | 430/8 | €907,835 | €1,069,896 | +€162,061 | +17.9% |
| Trade debts | 44 | €147,911 | €303,464 | +€155,553 | +105.2% |
| Suppliers | 440/4 | €147,911 | €303,464 | +€155,553 | +105.2% |
| Advances received on contracts in progress | 46 | - | €27,897 | +€27,897 | |
| Other amounts payable | 47/48 | €735,292 | €1,042,300 | +€307,009 | +41.8% |
| Other operating charges | 640/8 | €1,025 | €4,344 | +€3,319 | +323.9% |
| Gross operating margin | 9900 | -€4,294 | -€9,914 | -€5,620 | -130.9% |
| Operating profit (loss) | 9901 | -€5,319 | -€14,258 | -€8,939 | -168.1% |
| Financial charges | 65/66B | €8,918 | €564 | -€8,355 | -93.7% |
| Recurring financial charges | 65 | €8,918 | €564 | -€8,355 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,237 | -€14,821 | -€585 | -4.1% |
| Profit (loss) for the period | 9904 | -€14,237 | -€14,821 | -€585 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,237 | -€14,821 | -€585 | -4.1% |
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 1 October 2026 via checked.be.