BRAVO WW: 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 WW
Largest movements
- Tangible fixed assets -€39,905
down €39,905 (-17.0%), from €235,024 to €195,119
- Cash -€4,475
down €4,475 (-70.1%), from €6,380 to €1,905
mainly Debts after one year (-€56,480) and Other debts (-€13,767)
- Debts after one year -€56,480
down €56,480 (-39.0%), from €144,885 to €88,405
- Other debts -€13,767
down €13,767 (-11.2%), from €122,658 to €108,891
- Current portion of long-term debt +€13,594
up €13,594 (+68.3%), from €19,895 to €33,488
- Profit (loss) carried forward +€11,128
up €11,128 (+22.5%), from -€49,567 to -€38,439
- Trade debts +€10,726
up €10,726 (+126%), from €8,504 to €19,230
- Gross operating margin +€18,671
up €18,671 (+38.3%), from €48,758 to €67,429
- Financial charges +€6,142
up €6,142 (+76.0%), from €8,086 to €14,228
of which Non-recurring financial charges: +€4,003
- Write-downs -€4,552
no longer reported in 2025 (was €4,552)
- Financial income -€1,218
down €1,218 (-99.8%), from €1,221 to €3
of which Non-recurring financial income: -€840
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 | €265,576 | €222,200 | -€43,376 | -16.3% |
| Fixed assets | 21/28 | €238,324 | €198,419 | -€39,905 | -16.7% |
| Tangible fixed assets | 22/27 | €235,024 | €195,119 | -€39,905 | -17.0% |
| Land and buildings | 22 | €235,024 | €195,119 | -€39,905 | -17.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €27,252 | €23,780 | -€3,471 | -12.7% |
| Amounts receivable within one year | 40/41 | €20,872 | €21,875 | +€1,004 | +4.8% |
| Trade receivables | 40 | €19,689 | €18,839 | -€850 | -4.3% |
| Other amounts receivable | 41 | €1,183 | €3,037 | +€1,854 | +157% |
| Cash at bank and in hand | 54/58 | €6,380 | €1,905 | -€4,475 | -70.1% |
| Total equity and liabilities | 10/49 | €265,576 | €222,200 | -€43,376 | -16.3% |
| Equity | 10/15 | -€41,442 | -€30,314 | +€11,128 | +26.9% |
| Contributions | 10/11 | €6,265 | €6,265 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,567 | -€38,439 | +€11,128 | +22.5% |
| Amounts payable | 17/49 | €307,018 | €252,514 | -€54,504 | -17.8% |
| Amounts payable after more than one year | 17 | €144,885 | €88,405 | -€56,480 | -39.0% |
| Financial debts | 170/4 | €144,885 | €88,405 | -€56,480 | -39.0% |
| Amounts payable within one year | 42/48 | €154,633 | €161,609 | +€6,976 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €19,895 | €33,488 | +€13,594 | +68.3% |
| Trade debts | 44 | €8,504 | €19,230 | +€10,726 | +126% |
| Suppliers | 440/4 | €8,504 | €19,230 | +€10,726 | +126% |
| Taxes, remuneration and social security | 45 | €3,577 | - | -€3,577 | |
| Taxes | 450/3 | €3,577 | - | -€3,577 | |
| Other amounts payable | 47/48 | €122,658 | €108,891 | -€13,767 | -11.2% |
| Accrued charges and deferred income | 492/3 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,511 | €41,660 | +€149 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,552 | - | -€4,552 | |
| Other operating charges | 640/8 | €503 | €416 | -€87 | -17.3% |
| Gross operating margin | 9900 | €48,758 | €67,429 | +€18,671 | +38.3% |
| Operating profit (loss) | 9901 | €2,192 | €25,353 | +€23,161 | +1,057% |
| Financial income | 75/76B | €1,221 | €3 | -€1,218 | -99.8% |
| Recurring financial income | 75 | €381 | €3 | -€378 | -99.3% |
| Non-recurring financial income | 76B | €840 | - | -€840 | |
| Financial charges | 65/66B | €8,086 | €14,228 | +€6,142 | +76.0% |
| Recurring financial charges | 65 | €8,086 | €10,225 | +€2,139 | +26.5% |
| Non-recurring financial charges | 66B | - | €4,003 | +€4,003 | |
| Profit (loss) for the period before taxes | 9903 | -€4,673 | €11,128 | +€15,801 | |
| Profit (loss) for the period | 9904 | -€4,673 | €11,128 | +€15,801 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,673 | €11,128 | +€15,801 |
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 13 October 2026 via checked.be.