ARNAUD BARBIER: 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.
ARNAUD BARBIER
Largest movements
- Receivables within one year +€39,552
up €39,552 (+94.1%), from €42,013 to €81,564
of which Other amounts receivable: +€58,793
- Cash -€25,479
down €25,479 (-71.6%), from €35,575 to €10,096
mainly Receivables within one year (-€39,552) and Contributions, distributions and other (-€20,354)
- Deferred charges and accrued income +€11,893
up €11,893 (+601%), from €1,978 to €13,871
- Tangible fixed assets -€4,650
down €4,650 (-41.8%), from €11,136 to €6,487
- Other debts +€9,095
up €9,095 (+71.7%), from €12,688 to €21,783
- Trade debts +€8,626
up €8,626 (+698%), from €1,236 to €9,862
- Tax, wage and social debts +€3,595
up €3,595 (+36.1%), from €9,947 to €13,542
- Gross operating margin -€5,799
down €5,799 (-15.7%), from €36,922 to €31,123
- Taxes -€3,705
down €3,705 (-40.1%), from €9,247 to €5,542
- Depreciation +€469
up €469 (+11.2%), from €4,180 to €4,650
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 | €110,952 | €132,268 | +€21,316 | +19.2% |
| Fixed assets | 21/28 | €11,136 | €6,487 | -€4,650 | -41.8% |
| Tangible fixed assets | 22/27 | €11,136 | €6,487 | -€4,650 | -41.8% |
| Furniture and vehicles | 24 | €11,136 | €6,487 | -€4,650 | -41.8% |
| Current assets | 29/58 | €99,816 | €125,782 | +€25,966 | +26.0% |
| Stocks and contracts in progress | 3 | €20,250 | €20,250 | = | 0.0% |
| Stocks | 30/36 | €20,250 | €20,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,013 | €81,564 | +€39,552 | +94.1% |
| Trade receivables | 40 | €42,013 | €22,772 | -€19,241 | -45.8% |
| Other amounts receivable | 41 | - | €58,793 | +€58,793 | |
| Cash at bank and in hand | 54/58 | €35,575 | €10,096 | -€25,479 | -71.6% |
| Deferred charges and accrued income | 490/1 | €1,978 | €13,871 | +€11,893 | +601% |
| Total equity and liabilities | 10/49 | €110,952 | €132,268 | +€21,316 | +19.2% |
| Equity | 10/15 | €87,081 | €87,081 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,081 | €84,081 | = | 0.0% |
| Distributable reserves | 133 | €84,081 | €84,081 | = | 0.0% |
| Amounts payable | 17/49 | €23,871 | €45,187 | +€21,316 | +89.3% |
| Amounts payable within one year | 42/48 | €23,871 | €45,187 | +€21,316 | +89.3% |
| Trade debts | 44 | €1,236 | €9,862 | +€8,626 | +698% |
| Suppliers | 440/4 | €1,236 | €9,862 | +€8,626 | +698% |
| Taxes, remuneration and social security | 45 | €9,947 | €13,542 | +€3,595 | +36.1% |
| Taxes | 450/3 | €9,947 | €13,542 | +€3,595 | +36.1% |
| Other amounts payable | 47/48 | €12,688 | €21,783 | +€9,095 | +71.7% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,180 | €4,650 | +€469 | +11.2% |
| Other operating charges | 640/8 | €536 | €437 | -€99 | -18.4% |
| Gross operating margin | 9900 | €36,922 | €31,123 | -€5,799 | -15.7% |
| Operating profit (loss) | 9901 | €32,206 | €26,036 | -€6,170 | -19.2% |
| Financial income | 75/76B | €93 | €56 | -€37 | -39.4% |
| Recurring financial income | 75 | €93 | €56 | -€37 | -39.4% |
| Financial charges | 65/66B | €131 | €196 | +€66 | +50.1% |
| Recurring financial charges | 65 | €131 | €196 | +€66 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €32,168 | €25,896 | -€6,272 | -19.5% |
| Income taxes | 67/77 | €9,247 | €5,542 | -€3,705 | -40.1% |
| Profit (loss) for the period | 9904 | €22,921 | €20,354 | -€2,567 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,921 | €20,354 | -€2,567 | -11.2% |
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 19 October 2026 via checked.be.