BRAWAL: 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.
BRAWAL
Largest movements
- Receivables within one year -€18,869
down €18,869 (-66.8%), from €28,229 to €9,360
of which Trade receivables: -€14,738
- Cash -€7,190
down €7,190 (-94.0%), from €7,652 to €462
mainly Net result for the year (-€11,865) and Advances received (-€10,842)
- Tangible fixed assets -€2,225
down €2,225 (-33.7%), from €6,596 to €4,371
- Profit (loss) carried forward -€11,865
down €11,865 (-64.5%), from €18,386 to €6,520
- Advances received -€10,842
no longer reported in 2025 (was €10,842)
- Tax, wage and social debts -€4,187
down €4,187 (-72.5%), from €5,777 to €1,590
- Other debts -€3,518
no longer reported in 2025 (was €3,518)
- Trade debts +€2,119
up €2,119 (+144.7%), from €1,464 to €3,583
- Gross operating margin -€17,400
down €17,400, from €8,381 to -€9,019
- Taxes -€1,308
no longer reported in 2025 (was €1,308)
- Depreciation +€534
up €534 (+31.6%), from €1,691 to €2,225
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 | €42,487 | €14,194 | -€28,294 | -66.6% |
| Fixed assets | 21/28 | €6,596 | €4,371 | -€2,225 | -33.7% |
| Tangible fixed assets | 22/27 | €6,596 | €4,371 | -€2,225 | -33.7% |
| Furniture and vehicles | 24 | €6,596 | €4,371 | -€2,225 | -33.7% |
| Current assets | 29/58 | €35,891 | €9,823 | -€26,069 | -72.6% |
| Amounts receivable within one year | 40/41 | €28,229 | €9,360 | -€18,869 | -66.8% |
| Trade receivables | 40 | €23,750 | €9,012 | -€14,738 | -62.1% |
| Other amounts receivable | 41 | €4,479 | €348 | -€4,131 | -92.2% |
| Cash at bank and in hand | 54/58 | €7,652 | €462 | -€7,190 | -94.0% |
| Deferred charges and accrued income | 490/1 | €10 | - | -€10 | |
| Total equity and liabilities | 10/49 | €42,487 | €14,194 | -€28,294 | -66.6% |
| Equity | 10/15 | €20,886 | €9,020 | -€11,865 | -56.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,386 | €6,520 | -€11,865 | -64.5% |
| Amounts payable | 17/49 | €21,602 | €5,173 | -€16,428 | -76.1% |
| Amounts payable within one year | 42/48 | €21,602 | €5,173 | -€16,428 | -76.1% |
| Trade debts | 44 | €1,464 | €3,583 | +€2,119 | +144.7% |
| Suppliers | 440/4 | €1,464 | €3,583 | +€2,119 | +144.7% |
| Advances received on contracts in progress | 46 | €10,842 | - | -€10,842 | |
| Taxes, remuneration and social security | 45 | €5,777 | €1,590 | -€4,187 | -72.5% |
| Taxes | 450/3 | €5,777 | €1,590 | -€4,187 | -72.5% |
| Other amounts payable | 47/48 | €3,518 | - | -€3,518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,691 | €2,225 | +€534 | +31.6% |
| Other operating charges | 640/8 | €639 | €618 | -€22 | -3.4% |
| Non-recurring operating charges | 66A | €3,674 | - | -€3,674 | |
| Gross operating margin | 9900 | €8,381 | -€9,019 | -€17,400 | |
| Operating profit (loss) | 9901 | €2,378 | -€11,862 | -€14,240 | |
| Financial income | 75/76B | €224 | €143 | -€81 | -36.1% |
| Recurring financial income | 75 | €224 | €143 | -€81 | -36.1% |
| Financial charges | 65/66B | €173 | €146 | -€26 | -15.1% |
| Recurring financial charges | 65 | €173 | €146 | -€26 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €2,429 | -€11,865 | -€14,294 | |
| Income taxes | 67/77 | €1,308 | - | -€1,308 | |
| Profit (loss) for the period | 9904 | €1,121 | -€11,865 | -€12,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,121 | -€11,865 | -€12,986 |
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 5 October 2026 via checked.be.