BaR-1: 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.
BaR-1
Largest movements
- Receivables within one year -€11,968
down €11,968 (-47.4%), from €25,237 to €13,268
of which Other amounts receivable: -€12,664
- Deferred charges and accrued income +€2,287
up €2,287 (+260.0%), from €879 to €3,166
- Tangible fixed assets -€1,945
down €1,945 (-31.2%), from €6,244 to €4,299
of which Plant, machinery and equipment: -€1,090
- Cash +€857
up €857 (+4.6%), from €18,434 to €19,290
mainly Receivables within one year (+€11,968) and Tax, wage and social debts (+€5,180)
- Profit (loss) carried forward -€10,239
down €10,239 (-101.1%), from -€10,126 to -€20,365
- Tax, wage and social debts +€5,180
up €5,180 (+72.2%), from €7,176 to €12,355
of which Taxes: +€3,314
- Trade debts -€3,469
down €3,469 (-89.9%), from €3,858 to €389
- Other debts -€2,894
down €2,894 (-29.6%), from €9,776 to €6,882
- Gross operating margin -€4,520
down €4,520 (-8.1%), from €56,020 to €51,500
- Depreciation -€2,201
down €2,201 (-63.3%), from €3,479 to €1,279
- Staff costs +€1,401
up €1,401 (+2.5%), from €55,197 to €56,598
- Other operating charges -€771
down €771 (-49.9%), from €1,543 to €773
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 | €77,694 | €66,924 | -€10,770 | -13.9% |
| Fixed assets | 21/28 | €33,144 | €31,199 | -€1,945 | -5.9% |
| Tangible fixed assets | 22/27 | €6,244 | €4,299 | -€1,945 | -31.2% |
| Plant, machinery and equipment | 23 | €1,513 | €423 | -€1,090 | -72.0% |
| Other tangible fixed assets | 26 | €4,732 | €3,876 | -€856 | -18.1% |
| Financial fixed assets | 28 | €26,900 | €26,900 | = | 0.0% |
| Current assets | 29/58 | €44,550 | €35,725 | -€8,825 | -19.8% |
| Amounts receivable within one year | 40/41 | €25,237 | €13,268 | -€11,968 | -47.4% |
| Trade receivables | 40 | €7,091 | €7,786 | +€695 | +9.8% |
| Other amounts receivable | 41 | €18,146 | €5,482 | -€12,664 | -69.8% |
| Cash at bank and in hand | 54/58 | €18,434 | €19,290 | +€857 | +4.6% |
| Deferred charges and accrued income | 490/1 | €879 | €3,166 | +€2,287 | +260.0% |
| Total equity and liabilities | 10/49 | €77,694 | €66,924 | -€10,770 | -13.9% |
| Equity | 10/15 | €56,885 | €46,646 | -€10,239 | -18.0% |
| Contributions | 10/11 | €11,500 | €11,500 | = | 0.0% |
| Reserves | 13 | €55,510 | €55,510 | = | 0.0% |
| Tax-exempt reserves | 132 | €902 | €902 | = | 0.0% |
| Distributable reserves | 133 | €54,608 | €54,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,126 | -€20,365 | -€10,239 | -101.1% |
| Amounts payable | 17/49 | €20,810 | €20,278 | -€531 | -2.6% |
| Amounts payable within one year | 42/48 | €20,810 | €19,626 | -€1,184 | -5.7% |
| Trade debts | 44 | €3,858 | €389 | -€3,469 | -89.9% |
| Suppliers | 440/4 | €3,858 | €389 | -€3,469 | -89.9% |
| Taxes, remuneration and social security | 45 | €7,176 | €12,355 | +€5,180 | +72.2% |
| Taxes | 450/3 | €1,142 | €4,455 | +€3,314 | +290.2% |
| Remuneration and social security | 454/9 | €6,034 | €7,900 | +€1,866 | +30.9% |
| Other amounts payable | 47/48 | €9,776 | €6,882 | -€2,894 | -29.6% |
| Accrued charges and deferred income | 492/3 | - | €653 | +€653 | |
| Remuneration, social security and pensions | 62 | €55,197 | €56,598 | +€1,401 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,479 | €1,279 | -€2,201 | -63.3% |
| Other operating charges | 640/8 | €1,543 | €773 | -€771 | -49.9% |
| Non-recurring operating charges | 66A | - | €667 | +€667 | |
| Gross operating margin | 9900 | €56,020 | €51,500 | -€4,520 | -8.1% |
| Operating profit (loss) | 9901 | -€4,199 | -€7,816 | -€3,617 | -86.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,959 | €2,423 | -€536 | -18.1% |
| Recurring financial charges | 65 | €2,959 | €2,423 | -€536 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,157 | -€10,239 | -€3,082 | -43.1% |
| Profit (loss) for the period | 9904 | -€7,157 | -€10,239 | -€3,082 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,157 | -€10,239 | -€3,082 | -43.1% |
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.