BRAVOLT: 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.
BRAVOLT
Largest movements
- Receivables within one year +€16,243
up €16,243 (+143%), from €11,394 to €27,637
of which Trade receivables: +€14,000
- Tangible fixed assets -€4,643
down €4,643 (-97.1%), from €4,782 to €139
of which Furniture and vehicles: -€3,933
- Cash -€4,599
down €4,599 (-11.1%), from €41,534 to €36,935
mainly Receivables within one year (-€16,243) and Tax, wage and social debts (-€8,310)
- Deferred charges and accrued income +€1,039
up €1,039 (+335%), from €310 to €1,349
- Profit (loss) carried forward +€17,243
up €17,243 (+40.3%), from €42,814 to €60,057
- Tax, wage and social debts -€8,310
no longer reported in 2025 (was €8,310)
- Other debts -€1,444
down €1,444 (-93.3%), from €1,548 to €104
- Gross operating margin +€4,990
up €4,990 (+22.6%), from €22,074 to €27,064
- Taxes +€1,123
up €1,123 (+34.8%), from €3,231 to €4,354
- Staff costs -€284
no longer reported in 2025 (was €284)
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 | €58,021 | €66,060 | +€8,039 | +13.9% |
| Fixed assets | 21/28 | €4,782 | €139 | -€4,643 | -97.1% |
| Tangible fixed assets | 22/27 | €4,782 | €139 | -€4,643 | -97.1% |
| Plant, machinery and equipment | 23 | €756 | €46 | -€710 | -93.9% |
| Furniture and vehicles | 24 | €4,026 | €93 | -€3,933 | -97.7% |
| Current assets | 29/58 | €53,238 | €65,921 | +€12,683 | +23.8% |
| Amounts receivable within one year | 40/41 | €11,394 | €27,637 | +€16,243 | +143% |
| Trade receivables | 40 | €9,300 | €23,300 | +€14,000 | +151% |
| Other amounts receivable | 41 | €2,094 | €4,337 | +€2,243 | +107% |
| Cash at bank and in hand | 54/58 | €41,534 | €36,935 | -€4,599 | -11.1% |
| Deferred charges and accrued income | 490/1 | €310 | €1,349 | +€1,039 | +335% |
| Total equity and liabilities | 10/49 | €58,021 | €66,060 | +€8,039 | +13.9% |
| Equity | 10/15 | €47,814 | €65,057 | +€17,243 | +36.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,814 | €60,057 | +€17,243 | +40.3% |
| Amounts payable | 17/49 | €10,207 | €1,003 | -€9,204 | -90.2% |
| Amounts payable within one year | 42/48 | €10,207 | €1,003 | -€9,204 | -90.2% |
| Trade debts | 44 | €349 | €899 | +€550 | +158% |
| Suppliers | 440/4 | €349 | €899 | +€550 | +158% |
| Taxes, remuneration and social security | 45 | €8,310 | - | -€8,310 | |
| Taxes | 450/3 | €8,310 | - | -€8,310 | |
| Other amounts payable | 47/48 | €1,548 | €104 | -€1,444 | -93.3% |
| Remuneration, social security and pensions | 62 | €284 | - | -€284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,796 | €4,643 | -€152 | -3.2% |
| Other operating charges | 640/8 | €686 | €705 | +€20 | +2.9% |
| Gross operating margin | 9900 | €22,074 | €27,064 | +€4,990 | +22.6% |
| Operating profit (loss) | 9901 | €16,308 | €21,715 | +€5,406 | +33.2% |
| Financial income | 75/76B | €0 | €200 | +€200 | +333,183% |
| Recurring financial income | 75 | €0 | €200 | +€200 | +333,183% |
| Financial charges | 65/66B | €259 | €318 | +€58 | +22.4% |
| Recurring financial charges | 65 | €259 | €318 | +€58 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €16,049 | €21,597 | +€5,548 | +34.6% |
| Income taxes | 67/77 | €3,231 | €4,354 | +€1,123 | +34.8% |
| Profit (loss) for the period | 9904 | €12,818 | €17,243 | +€4,425 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,818 | €17,243 | +€4,425 | +34.5% |
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 28 October 2026 via checked.be.