Brawo: 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.
Brawo
Largest movements
- Receivables within one year +€89,671
up €89,671 (+23.1%), from €388,626 to €478,297
of which Other amounts receivable: +€45,811
- Reserves +€93,324
up €93,324 (+5.8%), from €1.6m to €1.7m
of which Distributable reserves: +€93,324
- Financial income -€4,373
down €4,373 (-31.3%), from €13,953 to €9,580
- Gross operating margin +€3,895
up €3,895 (+3.1%), from €124,876 to €128,770
- Taxes -€3,776
down €3,776 (-9.5%), from €39,887 to €36,111
- Financial charges -€1,845
down €1,845 (-19.2%), from €9,619 to €7,774
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 | €2,020,438 | €2,111,209 | +€90,771 | +4.5% |
| Fixed assets | 21/28 | €1,625,000 | €1,625,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,625,000 | €1,625,000 | = | 0.0% |
| Current assets | 29/58 | €395,438 | €486,209 | +€90,771 | +23.0% |
| Amounts receivable within one year | 40/41 | €388,626 | €478,297 | +€89,671 | +23.1% |
| Trade receivables | 40 | €58,337 | €102,197 | +€43,860 | +75.2% |
| Other amounts receivable | 41 | €330,288 | €376,099 | +€45,811 | +13.9% |
| Cash at bank and in hand | 54/58 | €1,999 | €2,876 | +€878 | +43.9% |
| Deferred charges and accrued income | 490/1 | €4,813 | €5,036 | +€223 | +4.6% |
| Total equity and liabilities | 10/49 | €2,020,438 | €2,111,209 | +€90,771 | +4.5% |
| Equity | 10/15 | €1,799,879 | €1,893,203 | +€93,324 | +5.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,599,879 | €1,693,203 | +€93,324 | +5.8% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €1,579,879 | €1,673,203 | +€93,324 | +5.9% |
| Amounts payable | 17/49 | €220,559 | €218,006 | -€2,553 | -1.2% |
| Amounts payable within one year | 42/48 | €215,558 | €214,532 | -€1,026 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,950 | €6,519 | +€1,569 | +31.7% |
| Suppliers | 440/4 | €4,950 | €6,519 | +€1,569 | +31.7% |
| Taxes, remuneration and social security | 45 | €22,786 | €35,561 | +€12,775 | +56.1% |
| Taxes | 450/3 | €22,786 | €35,561 | +€12,775 | +56.1% |
| Other amounts payable | 47/48 | €187,822 | €172,452 | -€15,370 | -8.2% |
| Accrued charges and deferred income | 492/3 | €5,000 | €3,474 | -€1,526 | -30.5% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €124,876 | €128,770 | +€3,895 | +3.1% |
| Operating profit (loss) | 9901 | €123,768 | €127,628 | +€3,860 | +3.1% |
| Financial income | 75/76B | €13,953 | €9,580 | -€4,373 | -31.3% |
| Recurring financial income | 75 | €13,953 | €9,580 | -€4,373 | -31.3% |
| Financial charges | 65/66B | €9,619 | €7,774 | -€1,845 | -19.2% |
| Recurring financial charges | 65 | €9,619 | €7,774 | -€1,845 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €128,102 | €129,435 | +€1,333 | +1.0% |
| Income taxes | 67/77 | €39,887 | €36,111 | -€3,776 | -9.5% |
| Profit (loss) for the period | 9904 | €88,215 | €93,324 | +€5,108 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,215 | €93,324 | +€5,108 | +5.8% |
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 6 October 2026 via checked.be.