BAR DU MATIN: 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 DU MATIN
Largest movements
- Receivables within one year +€80,421
up €80,421 (+39.3%), from €204,616 to €285,037
of which Other amounts receivable: +€70,907
- Tangible fixed assets +€52,817
up €52,817 (+40.4%), from €130,785 to €183,601
of which Land and buildings: +€62,239
- Stocks and contracts -€14,399
down €14,399 (-90.7%), from €15,876 to €1,477
- Cash -€13,659
down €13,659 (-18.5%), from €73,795 to €60,136
mainly Investment in fixed assets (net) (-€91,325) and Contributions, distributions and other (-€84,543)
- Trade debts +€43,723
up €43,723 (+56.4%), from €77,468 to €121,191
- Profit (loss) carried forward +€39,667
up €39,667 (+27.0%), from €146,704 to €186,371
- Debts after one year +€27,326
up €27,326 (+107%), from €25,559 to €52,885
- Other debts +€26,247
up €26,247 (+110%), from €23,895 to €50,143
- Current portion of long-term debt -€18,008
down €18,008 (-29.3%), from €61,528 to €43,520
- Gross operating margin -€29,120
down €29,120 (-3.3%), from €884,412 to €855,292
- Staff costs -€27,708
down €27,708 (-4.2%), from €660,827 to €633,119
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 | €425,829 | €530,360 | +€104,531 | +24.5% |
| Fixed assets | 21/28 | €130,895 | €183,711 | +€52,817 | +40.4% |
| Tangible fixed assets | 22/27 | €130,785 | €183,601 | +€52,817 | +40.4% |
| Land and buildings | 22 | €17,077 | €79,317 | +€62,239 | +364% |
| Plant, machinery and equipment | 23 | €79,407 | €74,310 | -€5,097 | -6.4% |
| Furniture and vehicles | 24 | €27,804 | €24,384 | -€3,420 | -12.3% |
| Leasing and similar rights | 25 | €6,496 | €1,165 | -€5,331 | -82.1% |
| Other tangible fixed assets | 26 | - | €4,426 | +€4,426 | |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €294,934 | €346,649 | +€51,715 | +17.5% |
| Stocks and contracts in progress | 3 | €15,876 | €1,477 | -€14,399 | -90.7% |
| Stocks | 30/36 | €15,876 | €1,477 | -€14,399 | -90.7% |
| Amounts receivable within one year | 40/41 | €204,616 | €285,037 | +€80,421 | +39.3% |
| Trade receivables | 40 | €769 | €10,284 | +€9,514 | +1,237% |
| Other amounts receivable | 41 | €203,846 | €274,753 | +€70,907 | +34.8% |
| Cash at bank and in hand | 54/58 | €73,795 | €60,136 | -€13,659 | -18.5% |
| Deferred charges and accrued income | 490/1 | €648 | - | -€648 | |
| Total equity and liabilities | 10/49 | €425,829 | €530,360 | +€104,531 | +24.5% |
| Equity | 10/15 | €174,408 | €211,507 | +€37,099 | +21.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,704 | €186,371 | +€39,667 | +27.0% |
| Investment grants | 15 | €7,704 | €5,136 | -€2,568 | -33.3% |
| Provisions and deferred taxes | 16 | €3,147 | €2,098 | -€1,049 | -33.3% |
| Deferred taxes | 168 | €3,147 | €2,098 | -€1,049 | -33.3% |
| Amounts payable | 17/49 | €248,274 | €316,755 | +€68,481 | +27.6% |
| Amounts payable after more than one year | 17 | €25,559 | €52,885 | +€27,326 | +107% |
| Financial debts | 170/4 | €25,559 | €52,885 | +€27,326 | +107% |
| Amounts payable within one year | 42/48 | €222,716 | €263,870 | +€41,155 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €61,528 | €43,520 | -€18,008 | -29.3% |
| Trade debts | 44 | €77,468 | €121,191 | +€43,723 | +56.4% |
| Suppliers | 440/4 | €77,468 | €121,191 | +€43,723 | +56.4% |
| Taxes, remuneration and social security | 45 | €59,825 | €49,017 | -€10,808 | -18.1% |
| Taxes | 450/3 | €8,581 | €5,743 | -€2,838 | -33.1% |
| Remuneration and social security | 454/9 | €51,244 | €43,274 | -€7,969 | -15.6% |
| Other amounts payable | 47/48 | €23,895 | €50,143 | +€26,247 | +110% |
| Remuneration, social security and pensions | 62 | €660,827 | €633,119 | -€27,708 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,596 | €38,508 | +€5,912 | +18.1% |
| Other operating charges | 640/8 | €7,549 | €7,649 | +€99 | +1.3% |
| Gross operating margin | 9900 | €884,412 | €855,292 | -€29,120 | -3.3% |
| Operating profit (loss) | 9901 | €183,440 | €176,016 | -€7,424 | -4.0% |
| Financial income | 75/76B | €4,101 | €5,327 | +€1,226 | +29.9% |
| Recurring financial income | 75 | €4,101 | €5,327 | +€1,226 | +29.9% |
| Financial charges | 65/66B | €13,590 | €8,703 | -€4,888 | -36.0% |
| Recurring financial charges | 65 | €13,590 | €8,703 | -€4,888 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €173,950 | €172,640 | -€1,310 | -0.8% |
| Transfer from deferred taxes | 780 | €1,049 | €1,049 | = | 0.0% |
| Income taxes | 67/77 | €43,950 | €52,047 | +€8,096 | +18.4% |
| Profit (loss) for the period | 9904 | €131,048 | €121,642 | -€9,406 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €131,048 | €121,642 | -€9,406 | -7.2% |
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 31 October 2026 via checked.be.