BRAVO CONSTRUCT: 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.
BRAVO CONSTRUCT
Largest movements
- Receivables within one year +€28,025
up €28,025 (+206%), from €13,629 to €41,654
of which Other amounts receivable: +€20,465
- Tangible fixed assets -€6,573
down €6,573 (-42.9%), from €15,322 to €8,749
- Profit (loss) carried forward +€19,631
up €19,631, from -€829 to €18,802
- Current portion of long-term debt +€15,000
new in 2025: €15,000
- Trade debts -€12,482
down €12,482 (-54.4%), from €22,931 to €10,450
- Tax, wage and social debts +€1,435
up €1,435 (+37.5%), from €3,831 to €5,266
- Other debts -€1,072
down €1,072 (-72.7%), from €1,474 to €402
- Purchases and services -€63,914
down €63,914 (-55.5%), from €115,069 to €51,155
- Gross operating margin +€35,332
up €35,332, from -€4,374 to €30,959
- Turnover -€18,894
down €18,894 (-18.7%), from €101,008 to €82,114
- Taxes +€2,294
new in 2025: €2,294
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 | €28,965 | €50,420 | +€21,455 | +74.1% |
| Fixed assets | 21/28 | €15,322 | €8,749 | -€6,573 | -42.9% |
| Tangible fixed assets | 22/27 | €15,322 | €8,749 | -€6,573 | -42.9% |
| Furniture and vehicles | 24 | €15,322 | €8,749 | -€6,573 | -42.9% |
| Current assets | 29/58 | €13,643 | €41,671 | +€28,028 | +205% |
| Amounts receivable within one year | 40/41 | €13,629 | €41,654 | +€28,025 | +206% |
| Trade receivables | 40 | €11,223 | €18,783 | +€7,561 | +67.4% |
| Other amounts receivable | 41 | €2,406 | €22,871 | +€20,465 | +851% |
| Cash at bank and in hand | 54/58 | €14 | €17 | +€3 | +20.6% |
| Total equity and liabilities | 10/49 | €28,965 | €50,420 | +€21,455 | +74.1% |
| Equity | 10/15 | -€329 | €19,302 | +€19,631 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€829 | €18,802 | +€19,631 | |
| Amounts payable | 17/49 | €29,294 | €31,118 | +€1,824 | +6.2% |
| Amounts payable within one year | 42/48 | €28,237 | €31,118 | +€2,881 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €22,931 | €10,450 | -€12,482 | -54.4% |
| Suppliers | 440/4 | €22,931 | €10,450 | -€12,482 | -54.4% |
| Taxes, remuneration and social security | 45 | €3,831 | €5,266 | +€1,435 | +37.5% |
| Taxes | 450/3 | €3,831 | €5,266 | +€1,435 | +37.5% |
| Other amounts payable | 47/48 | €1,474 | €402 | -€1,072 | -72.7% |
| Accrued charges and deferred income | 492/3 | €1,057 | - | -€1,057 | |
| Turnover | 70 | €101,008 | €82,114 | -€18,894 | -18.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,069 | €51,155 | -€63,914 | -55.5% |
| Remuneration, social security and pensions | 62 | - | €954 | +€954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,366 | €6,573 | +€207 | +3.2% |
| Other operating charges | 640/8 | €17 | €320 | +€303 | +1,749% |
| Gross operating margin | 9900 | -€4,374 | €30,959 | +€35,332 | |
| Operating profit (loss) | 9901 | -€10,757 | €23,112 | +€33,869 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,129 | €1,187 | -€942 | -44.2% |
| Recurring financial charges | 65 | €2,129 | €1,187 | -€942 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,885 | €21,925 | +€34,810 | |
| Income taxes | 67/77 | - | €2,294 | +€2,294 | |
| Profit (loss) for the period | 9904 | -€12,885 | €19,631 | +€32,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,885 | €19,631 | +€32,516 |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.