BAR BOEUF: 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.
BAR BOEUF
Largest movements
- Cash +€61,582
up €61,582 (+172%), from €35,799 to €97,380
mainly Depreciation (+€37,446) and Net result for the year (+€16,504)
- Tangible fixed assets -€12,448
down €12,448 (-3.4%), from €363,197 to €350,749
of which Land and buildings: -€11,200
- Intangible fixed assets -€9,800
down €9,800 (-30.0%), from €32,667 to €22,867
- Receivables after one year -€6,000
down €6,000 (-50.0%), from €12,000 to €6,000
- Reserves +€16,504
up €16,504 (+34.6%), from €47,766 to €64,271
of which Distributable reserves: +€16,504
- Trade debts +€13,036
up €13,036 (+717%), from €1,819 to €14,855
- Debts after one year -€11,504
down €11,504 (-3.4%), from €337,494 to €325,989
- Tax, wage and social debts +€9,681
up €9,681 (+90.5%), from €10,702 to €20,383
of which Taxes: +€8,213
- Current portion of long-term debt +€6,569
up €6,569 (+18.3%), from €35,913 to €42,483
- Gross operating margin +€28,140
up €28,140 (+27.4%), from €102,708 to €130,848
- Staff costs +€5,604
up €5,604 (+12.2%), from €45,922 to €51,527
- Taxes +€4,893
up €4,893 (+759%), from €645 to €5,538
- Other operating charges +€2,551
up €2,551 (+152%), from €1,679 to €4,230
- Financial charges +€2,256
up €2,256 (+16.5%), from €13,655 to €15,912
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 | €457,820 | €488,280 | +€30,460 | +6.7% |
| Fixed assets | 21/28 | €395,864 | €373,616 | -€22,248 | -5.6% |
| Intangible fixed assets | 21 | €32,667 | €22,867 | -€9,800 | -30.0% |
| Tangible fixed assets | 22/27 | €363,197 | €350,749 | -€12,448 | -3.4% |
| Land and buildings | 22 | €254,286 | €243,086 | -€11,200 | -4.4% |
| Plant, machinery and equipment | 23 | €32,921 | €27,932 | -€4,989 | -15.2% |
| Furniture and vehicles | 24 | €54,552 | €46,389 | -€8,163 | -15.0% |
| Other tangible fixed assets | 26 | €21,438 | €33,342 | +€11,904 | +55.5% |
| Current assets | 29/58 | €61,956 | €114,665 | +€52,708 | +85.1% |
| Amounts receivable after more than one year | 29 | €12,000 | €6,000 | -€6,000 | -50.0% |
| Other amounts receivable | 291 | €12,000 | €6,000 | -€6,000 | -50.0% |
| Stocks and contracts in progress | 3 | €7,233 | €7,985 | +€752 | +10.4% |
| Stocks | 30/36 | €7,233 | €7,985 | +€752 | +10.4% |
| Amounts receivable within one year | 40/41 | €4,619 | €0 | -€4,619 | -100% |
| Other amounts receivable | 41 | €4,619 | €0 | -€4,619 | -100% |
| Cash at bank and in hand | 54/58 | €35,799 | €97,380 | +€61,582 | +172% |
| Deferred charges and accrued income | 490/1 | €2,306 | €3,299 | +€993 | +43.1% |
| Total equity and liabilities | 10/49 | €457,820 | €488,280 | +€30,460 | +6.7% |
| Equity | 10/15 | €67,766 | €84,271 | +€16,504 | +24.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €47,766 | €64,271 | +€16,504 | +34.6% |
| Non-distributable reserves | 130/1 | €818 | €818 | = | 0.0% |
| Reserves not available under the articles | 1311 | €818 | €818 | = | 0.0% |
| Distributable reserves | 133 | €46,948 | €63,453 | +€16,504 | +35.2% |
| Amounts payable | 17/49 | €390,053 | €404,010 | +€13,956 | +3.6% |
| Amounts payable after more than one year | 17 | €337,494 | €325,989 | -€11,504 | -3.4% |
| Financial debts | 170/4 | €337,494 | €325,989 | -€11,504 | -3.4% |
| Amounts payable within one year | 42/48 | €52,560 | €78,020 | +€25,460 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €35,913 | €42,483 | +€6,569 | +18.3% |
| Trade debts | 44 | €1,819 | €14,855 | +€13,036 | +717% |
| Suppliers | 440/4 | €1,819 | €14,855 | +€13,036 | +717% |
| Taxes, remuneration and social security | 45 | €10,702 | €20,383 | +€9,681 | +90.5% |
| Taxes | 450/3 | €5,814 | €14,027 | +€8,213 | +141% |
| Remuneration and social security | 454/9 | €4,888 | €6,356 | +€1,468 | +30.0% |
| Other amounts payable | 47/48 | €4,125 | €299 | -€3,826 | -92.7% |
| Remuneration, social security and pensions | 62 | €45,922 | €51,527 | +€5,604 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,703 | €37,446 | +€1,742 | +4.9% |
| Other operating charges | 640/8 | €1,679 | €4,230 | +€2,551 | +152% |
| Gross operating margin | 9900 | €102,708 | €130,848 | +€28,140 | +27.4% |
| Operating profit (loss) | 9901 | €19,403 | €37,646 | +€18,242 | +94.0% |
| Financial income | 75/76B | €9 | €308 | +€300 | +3,479% |
| Recurring financial income | 75 | €9 | €308 | +€300 | +3,479% |
| Financial charges | 65/66B | €13,655 | €15,912 | +€2,256 | +16.5% |
| Recurring financial charges | 65 | €13,655 | €15,912 | +€2,256 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €5,757 | €22,042 | +€16,285 | +283% |
| Income taxes | 67/77 | €645 | €5,538 | +€4,893 | +759% |
| Profit (loss) for the period | 9904 | €5,112 | €16,504 | +€11,393 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €5,112 | €16,504 | +€11,393 | +223% |
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 31 October 2026 via checked.be.