Bravo Factory: 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 Factory
Largest movements
- Receivables within one year +€55,915
up €55,915 (+1,798%), from €3,110 to €59,025
of which Trade receivables: +€40,026
- Cash -€35,226
down €35,226 (-78.2%), from €45,067 to €9,841
mainly Receivables within one year (-€55,915) and Other debts (-€15,075)
- Tangible fixed assets -€6,604
down €6,604 (-2.8%), from €239,656 to €233,051
of which Land and buildings: -€6,611
- Stocks and contracts +€4,545
up €4,545 (+13.2%), from €34,327 to €38,872
- Short-term financial debts +€50,738
up €50,738 (+2,962%), from €1,713 to €52,452
- Other debts -€15,075
down €15,075 (-33.7%), from €44,694 to €29,619
- Profit (loss) carried forward +€14,780
up €14,780 (+25.4%), from €58,179 to €72,959
- Debts after one year -€11,381
down €11,381 (-8.1%), from €140,975 to €129,594
- Tax, wage and social debts -€9,795
down €9,795 (-19.4%), from €50,402 to €40,607
of which Taxes: -€22,251
- Gross operating margin +€17,076
up €17,076 (+18.1%), from €94,214 to €111,290
- Other operating charges +€5,148
up €5,148 (+671%), from €767 to €5,915
- Taxes +€3,310
up €3,310 (+131%), from €2,528 to €5,838
- Financial charges -€3,120
down €3,120 (-26.9%), from €11,580 to €8,459
- Staff costs +€1,850
up €1,850 (+3.1%), from €59,754 to €61,604
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 | €325,209 | €343,899 | +€18,690 | +5.7% |
| Fixed assets | 21/28 | €242,706 | €236,101 | -€6,604 | -2.7% |
| Tangible fixed assets | 22/27 | €239,656 | €233,051 | -€6,604 | -2.8% |
| Land and buildings | 22 | €237,883 | €231,272 | -€6,611 | -2.8% |
| Plant, machinery and equipment | 23 | €350 | €46 | -€304 | -86.9% |
| Furniture and vehicles | 24 | €1,423 | €1,734 | +€311 | +21.8% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €82,503 | €107,798 | +€25,294 | +30.7% |
| Stocks and contracts in progress | 3 | €34,327 | €38,872 | +€4,545 | +13.2% |
| Stocks | 30/36 | €34,327 | €38,872 | +€4,545 | +13.2% |
| Amounts receivable within one year | 40/41 | €3,110 | €59,025 | +€55,915 | +1,798% |
| Trade receivables | 40 | €3,110 | €43,136 | +€40,026 | +1,287% |
| Other amounts receivable | 41 | - | €15,889 | +€15,889 | |
| Cash at bank and in hand | 54/58 | €45,067 | €9,841 | -€35,226 | -78.2% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €325,209 | €343,899 | +€18,690 | +5.7% |
| Equity | 10/15 | €61,179 | €75,959 | +€14,780 | +24.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,179 | €72,959 | +€14,780 | +25.4% |
| Amounts payable | 17/49 | €264,030 | €267,940 | +€3,910 | +1.5% |
| Amounts payable after more than one year | 17 | €140,975 | €129,594 | -€11,381 | -8.1% |
| Financial debts | 170/4 | €140,975 | €129,594 | -€11,381 | -8.1% |
| Amounts payable within one year | 42/48 | €123,055 | €138,346 | +€15,291 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €18,218 | €13,268 | -€4,950 | -27.2% |
| Financial debts | 43 | €1,713 | €52,452 | +€50,738 | +2,962% |
| Credit institutions | 430/8 | €1,713 | €52,452 | +€50,738 | +2,962% |
| Trade debts | 44 | €8,027 | €2,400 | -€5,627 | -70.1% |
| Suppliers | 440/4 | €8,027 | €2,400 | -€5,627 | -70.1% |
| Taxes, remuneration and social security | 45 | €50,402 | €40,607 | -€9,795 | -19.4% |
| Taxes | 450/3 | €50,402 | €28,152 | -€22,251 | -44.1% |
| Remuneration and social security | 454/9 | - | €12,455 | +€12,455 | |
| Other amounts payable | 47/48 | €44,694 | €29,619 | -€15,075 | -33.7% |
| Remuneration, social security and pensions | 62 | €59,754 | €61,604 | +€1,850 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,062 | €14,694 | +€632 | +4.5% |
| Other operating charges | 640/8 | €767 | €5,915 | +€5,148 | +671% |
| Gross operating margin | 9900 | €94,214 | €111,290 | +€17,076 | +18.1% |
| Operating profit (loss) | 9901 | €19,632 | €29,077 | +€9,445 | +48.1% |
| Financial charges | 65/66B | €11,580 | €8,459 | -€3,120 | -26.9% |
| Recurring financial charges | 65 | €11,580 | €8,459 | -€3,120 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €8,052 | €20,618 | +€12,565 | +156% |
| Income taxes | 67/77 | €2,528 | €5,838 | +€3,310 | +131% |
| Profit (loss) for the period | 9904 | €5,524 | €14,780 | +€9,256 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €5,524 | €14,780 | +€9,256 | +168% |
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 22 October 2026 via checked.be.