BRAVO: 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.
BRAVO
Largest movements
- Stocks and contracts +€7,127
up €7,127 (+72.6%), from €9,820 to €16,948
- Tangible fixed assets +€5,562
up €5,562 (+85.0%), from €6,543 to €12,106
- Receivables within one year -€2,832
down €2,832 (-28.8%), from €9,832 to €7,000
- Cash +€547
up €547 (+11.8%), from €4,650 to €5,197
mainly Debts within one year (+€6,198) and Net result for the year (+€4,212)
- Debts within one year +€6,198
up €6,198 (+19.3%), from €32,048 to €38,245
- Profit (loss) carried forward +€4,212
up €4,212, from -€3,203 to €1,010
- Gross operating margin +€10,362
up €10,362, from -€2,740 to €7,621
- Depreciation +€2,856
up €2,856 (+1255.3%), from €228 to €3,083
From the 2018 result to the 2019 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 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,845 | €41,255 | +€10,410 | +33.7% |
| Fixed assets | 21/28 | €6,543 | €12,111 | +€5,567 | +85.1% |
| Tangible fixed assets | 22/27 | €6,543 | €12,106 | +€5,562 | +85.0% |
| Financial fixed assets | 28 | - | €5 | +€5 | |
| Current assets | 29/58 | €24,302 | €29,144 | +€4,842 | +19.9% |
| Stocks and contracts in progress | 3 | €9,820 | €16,948 | +€7,127 | +72.6% |
| Amounts receivable within one year | 40/41 | €9,832 | €7,000 | -€2,832 | -28.8% |
| Cash at bank and in hand | 54/58 | €4,650 | €5,197 | +€547 | +11.8% |
| Total equity and liabilities | 10/49 | €30,845 | €41,255 | +€10,410 | +33.7% |
| Equity | 10/15 | -€1,203 | €3,010 | +€4,212 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,203 | €1,010 | +€4,212 | |
| Amounts payable | 17/49 | €32,048 | €38,245 | +€6,198 | +19.3% |
| Amounts payable within one year | 42/48 | €32,048 | €38,245 | +€6,198 | +19.3% |
| Trade debts | 44 | €48 | €1,506 | +€1,458 | +3066.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €3,083 | +€2,856 | +1255.3% |
| Gross operating margin | 9900 | -€2,740 | €7,621 | +€10,362 | |
| Operating profit (loss) | 9901 | -€3,315 | €4,116 | +€7,431 | |
| Recurring financial income | 75 | €117 | €105 | -€12 | -9.9% |
| Recurring financial charges | 65 | €4 | €9 | +€5 | +106.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,203 | €4,212 | +€7,415 | |
| Profit (loss) for the period | 9904 | -€3,203 | €4,212 | +€7,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,203 | €4,212 | +€7,415 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.