BRAVLI: 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.
BRAVLI
Largest movements
- Receivables within one year -€449,842
down €449,842 (-99.7%), from €451,372 to €1,530
of which Trade receivables: -€449,779
- Tangible fixed assets -€180,371
down €180,371 (-23.1%), from €780,841 to €600,470
of which Plant, machinery and equipment: -€106,532
- Intangible fixed assets -€110,959
no longer reported in 2025 (was €110,959)
- Stocks and contracts -€40,737
down €40,737 (-56.0%), from €72,739 to €32,002
- Trade debts -€393,947
down €393,947 (-67.8%), from €581,344 to €187,397
- Other debts -€252,726
down €252,726 (-47.9%), from €527,839 to €275,113
- Tax, wage and social debts -€149,591
down €149,591 (-73.1%), from €204,530 to €54,939
of which Remuneration and social security: -€118,852
- Profit (loss) carried forward +€19,199
up €19,199 (+37.8%), from €50,829 to €70,028
- Staff costs -€509,121
down €509,121 (-64.5%), from €789,422 to €280,301
- Gross operating margin -€491,381
down €491,381 (-50.1%), from €981,494 to €490,114
- Depreciation -€31,977
down €31,977 (-16.5%), from €193,342 to €161,365
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 | €1,432,742 | €655,678 | -€777,064 | -54.2% |
| Fixed assets | 21/28 | €891,800 | €600,470 | -€291,330 | -32.7% |
| Intangible fixed assets | 21 | €110,959 | - | -€110,959 | |
| Tangible fixed assets | 22/27 | €780,841 | €600,470 | -€180,371 | -23.1% |
| Plant, machinery and equipment | 23 | €406,236 | €299,704 | -€106,532 | -26.2% |
| Furniture and vehicles | 24 | €4,164 | €3,473 | -€691 | -16.6% |
| Other tangible fixed assets | 26 | €370,441 | €297,293 | -€73,148 | -19.7% |
| Current assets | 29/58 | €540,942 | €55,207 | -€485,735 | -89.8% |
| Stocks and contracts in progress | 3 | €72,739 | €32,002 | -€40,737 | -56.0% |
| Stocks | 30/36 | €72,739 | €32,002 | -€40,737 | -56.0% |
| Amounts receivable within one year | 40/41 | €451,372 | €1,530 | -€449,842 | -99.7% |
| Trade receivables | 40 | €451,309 | €1,530 | -€449,779 | -99.7% |
| Other amounts receivable | 41 | €63 | - | -€63 | |
| Cash at bank and in hand | 54/58 | €16,832 | €21,675 | +€4,844 | +28.8% |
| Total equity and liabilities | 10/49 | €1,432,742 | €655,678 | -€777,064 | -54.2% |
| Equity | 10/15 | €119,029 | €138,228 | +€19,199 | +16.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,829 | €70,028 | +€19,199 | +37.8% |
| Amounts payable | 17/49 | €1,313,713 | €517,450 | -€796,264 | -60.6% |
| Amounts payable within one year | 42/48 | €1,313,713 | €517,450 | -€796,264 | -60.6% |
| Trade debts | 44 | €581,344 | €187,397 | -€393,947 | -67.8% |
| Suppliers | 440/4 | €581,344 | €187,397 | -€393,947 | -67.8% |
| Taxes, remuneration and social security | 45 | €204,530 | €54,939 | -€149,591 | -73.1% |
| Taxes | 450/3 | €63,052 | €32,313 | -€30,739 | -48.8% |
| Remuneration and social security | 454/9 | €141,478 | €22,626 | -€118,852 | -84.0% |
| Other amounts payable | 47/48 | €527,839 | €275,113 | -€252,726 | -47.9% |
| Non-recurring operating income | 76A | - | €2,250 | +€2,250 | |
| Remuneration, social security and pensions | 62 | €789,422 | €280,301 | -€509,121 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,342 | €161,365 | -€31,977 | -16.5% |
| Other operating charges | 640/8 | €10,029 | €12,056 | +€2,027 | +20.2% |
| Gross operating margin | 9900 | €981,494 | €490,114 | -€491,381 | -50.1% |
| Operating profit (loss) | 9901 | -€11,299 | €36,392 | +€47,691 | |
| Financial income | 75/76B | €8 | €8,053 | +€8,046 | +104759.1% |
| Recurring financial income | 75 | €8 | €8,053 | +€8,046 | +104759.1% |
| Financial charges | 65/66B | €23,004 | €17,853 | -€5,151 | -22.4% |
| Recurring financial charges | 65 | €23,004 | €17,853 | -€5,151 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,296 | €26,592 | +€60,888 | |
| Income taxes | 67/77 | €437 | €7,393 | +€6,955 | +1589.8% |
| Profit (loss) for the period | 9904 | -€34,733 | €19,199 | +€53,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,733 | €19,199 | +€53,933 |
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 10 October 2026 via checked.be.