BRAWA: 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.
BRAWA
Largest movements
- Receivables within one year -€14,150
down €14,150 (-71.5%), from €19,776 to €5,626
of which Trade receivables: -€14,998
- Cash -€8,013
down €8,013 (-15.7%), from €51,080 to €43,068
mainly Trade debts (-€18,164) and Other debts (-€11,984)
- Trade debts -€18,164
down €18,164 (-89.5%), from €20,304 to €2,140
- Other debts -€11,984
down €11,984 (-45.9%), from €26,104 to €14,120
- Profit (loss) carried forward +€11,556
up €11,556 (+397.1%), from €2,910 to €14,466
- Tax, wage and social debts -€3,400
no longer reported in 2025 (was €3,400)
- Turnover -€25,322
down €25,322 (-40.8%), from €62,038 to €36,716
- Purchases and services -€17,370
down €17,370 (-37.5%), from €46,304 to €28,934
- Gross operating margin -€7,952
down €7,952 (-50.5%), from €15,734 to €7,782
- Financial income -€1,148
down €1,148 (-98.7%), from €1,163 to €15
of which Non-recurring financial income: -€1,139
- Depreciation -€989
down €989 (-82.7%), from €1,196 to €207
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.
Cash bridge derived
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 | €73,178 | €51,186 | -€21,992 | -30.1% |
| Fixed assets | 21/28 | €1,452 | €1,245 | -€207 | -14.2% |
| Tangible fixed assets | 22/27 | €702 | €495 | -€207 | -29.4% |
| Plant, machinery and equipment | 23 | €702 | €495 | -€207 | -29.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €71,725 | €49,940 | -€21,785 | -30.4% |
| Stocks and contracts in progress | 3 | €400 | €400 | = | 0.0% |
| Stocks | 30/36 | €400 | €400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,776 | €5,626 | -€14,150 | -71.5% |
| Trade receivables | 40 | €18,437 | €3,439 | -€14,998 | -81.3% |
| Other amounts receivable | 41 | €1,339 | €2,188 | +€849 | +63.4% |
| Cash at bank and in hand | 54/58 | €51,080 | €43,068 | -€8,013 | -15.7% |
| Deferred charges and accrued income | 490/1 | €469 | €846 | +€377 | +80.5% |
| Total equity and liabilities | 10/49 | €73,178 | €51,186 | -€21,992 | -30.1% |
| Equity | 10/15 | €23,370 | €34,926 | +€11,556 | +49.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| 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 | €2,910 | €14,466 | +€11,556 | +397.1% |
| Amounts payable | 17/49 | €49,808 | €16,260 | -€33,548 | -67.4% |
| Amounts payable within one year | 42/48 | €49,808 | €16,260 | -€33,548 | -67.4% |
| Trade debts | 44 | €20,304 | €2,140 | -€18,164 | -89.5% |
| Suppliers | 440/4 | €20,304 | €2,140 | -€18,164 | -89.5% |
| Taxes, remuneration and social security | 45 | €3,400 | - | -€3,400 | |
| Taxes | 450/3 | €3,400 | - | -€3,400 | |
| Other amounts payable | 47/48 | €26,104 | €14,120 | -€11,984 | -45.9% |
| Turnover | 70 | €62,038 | €36,716 | -€25,322 | -40.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,304 | €28,934 | -€17,370 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,196 | €207 | -€989 | -82.7% |
| Other operating charges | 640/8 | €207 | €164 | -€43 | -20.9% |
| Gross operating margin | 9900 | €15,734 | €7,782 | -€7,952 | -50.5% |
| Operating profit (loss) | 9901 | €14,331 | €7,412 | -€6,919 | -48.3% |
| Financial income | 75/76B | €1,163 | €15 | -€1,148 | -98.7% |
| Recurring financial income | 75 | €25 | €15 | -€9 | -38.5% |
| Non-recurring financial income | 76B | €1,139 | - | -€1,139 | |
| Financial charges | 65/66B | €60 | €64 | +€4 | +6.9% |
| Recurring financial charges | 65 | €60 | €64 | +€4 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €15,434 | €7,363 | -€8,071 | -52.3% |
| Profit (loss) for the period | 9904 | €15,434 | €7,363 | -€8,071 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,434 | €7,363 | -€8,071 | -52.3% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.