{"url_path":"/sec/cik-0001681769/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 Management’s Discussion","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1681769/0001520138-26-000152-index.html","accession_number":"0001520138-26-000152","cik":"0001681769","ticker":null,"issuer_name":"BRILLIANT N.E.V. CORP.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1681769/0001520138-26-000152-index.html","primary_entity_key":"0001681769","primary_entity_name":"BRILLIANT N.E.V. CORP."},"word_count":473,"has_tables":true,"body_markdown":"Item 7. Management’s Discussion\nand Analysis of Financial Condition and Results of Operations.\n\n \n\nOverview \n\nDuring the fiscal year ended July 31, 2025, the Company had no operating\nrevenue and remained a shell company. Throughout fiscal 2025, the Company’s\nprincipal activities consisted of maintaining its corporate existence, satisfying public-company compliance obligations, and evaluating\npotential business opportunities and strategic transactions.\n\n \n\nResults of Operations \n\nThe Company did not generate revenue during fiscal 2025 or fiscal 2024.\nOperating expenses for fiscal 2025 and 2024 consisted primarily of general and administrative expenses associated with maintaining the\nCompany’s status as a public reporting company.\n\n \n\nThe Company reported a net loss for fiscal 2025 of $2,026, compared\nto a net loss for fiscal 2024 of $35,871. The change in net loss was primarily attributable to lower public-company, compliance, and administrative\nexpenses in fiscal 2025.\n\n \n\n6\n\n[Table of Contents](#toc) \n\n \n\nLiquidity and Capital Resources \n\nAs of July 31, 2025, the Company had cash of $5,748, compared to $7,972\nas of July 31, 2024. The Company had limited working capital and had not generated revenue from operations. The audited financial statements\nincluded in this report have been prepared assuming the Company will continue as a going concern.\n\n \n\nNet cash used in operating activities during fiscal 2025 and 2024 was\n$2,224 and $38,093, respectively, and was primarily attributable to the Company’s\nnet loss and changes in working capital. The Company did not have material investing activities during fiscal 2025 or 2024. Net cash provided\nby financing activities during fiscal 2025 and 2024 was $0 and $44,763, respectively. The fiscal 2024 financing activity consisted primarily\nof advances from related parties used to fund the Company’s reporting,\ncompliance, and administrative expenses.\n\n \n\nThe Company’s ability to continue as a going concern is dependent\nupon its ability to raise additional capital, obtain continued related-party support, reduce expenses, and ultimately complete a business\ncombination, acquisition, or other strategic transaction. There can be no assurance that the Company will be successful in obtaining additional\nfunding or completing such a transaction.\n\n \n\nCritical Accounting Policies and Estimates\n\n \n\nThe preparation of financial statements in conformity with U.S. GAAP\nrequires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses\nand the disclosure of contingent assets and liabilities. The Company’s significant accounting policies are described in the notes\nto the audited financial statements included in this report. Management believes the policies requiring the most significant judgments\nand estimates relate to going concern, income taxes, valuation allowances, related-party transactions, and any accruals for contingent\nliabilities.\n\n \n\nOff-Balance Sheet Arrangements\n\n \n\nAs of July 31, 2025, the Company did not have any off-balance sheet\narrangements that have had, or are reasonably likely to have, a current or future material effect on the Company’s financial condition,\nchanges in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources."}