BAR MODULAR: 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 MODULAR
Largest movements
- Current investments +€145,640
new in 2025: €145,640
- Receivables within one year -€42,284
down €42,284 (-60.0%), from €70,420 to €28,136
of which Trade receivables: -€34,947
- Cash -€34,724
down €34,724 (-57.0%), from €60,880 to €26,156
mainly Current investments (-€145,640) and Contributions, distributions and other (-€139,000)
- Deferred charges and accrued income -€16,349
no longer reported in 2025 (was €16,349)
- Tangible fixed assets -€3,434
down €3,434 (-3.0%), from €115,436 to €112,002
of which Land and buildings: -€2,896
- Other debts +€114,438
up €114,438 (+5818.2%), from €1,967 to €116,405
- Accrued charges and deferred income -€28,224
no longer reported in 2025 (was €28,224)
- Reserves -€16,335
down €16,335 (-10.2%), from €160,389 to €144,054
of which Distributable reserves: -€16,335
- Trade debts -€10,413
down €10,413 (-35.8%), from €29,125 to €18,712
- Tax, wage and social debts -€6,813
down €6,813 (-34.2%), from €19,929 to €13,116
of which Remuneration and social security: -€6,050
- Gross operating margin -€21,788
down €21,788 (-11.9%), from €183,584 to €161,795
- Taxes -€5,310
down €5,310 (-12.9%), from €41,054 to €35,743
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 | €263,084 | €311,934 | +€48,849 | +18.6% |
| Fixed assets | 21/28 | €115,436 | €112,002 | -€3,434 | -3.0% |
| Tangible fixed assets | 22/27 | €115,436 | €112,002 | -€3,434 | -3.0% |
| Land and buildings | 22 | €113,121 | €110,225 | -€2,896 | -2.6% |
| Furniture and vehicles | 24 | €2,315 | €1,778 | -€537 | -23.2% |
| Current assets | 29/58 | €147,648 | €199,931 | +€52,283 | +35.4% |
| Amounts receivable within one year | 40/41 | €70,420 | €28,136 | -€42,284 | -60.0% |
| Trade receivables | 40 | €53,447 | €18,499 | -€34,947 | -65.4% |
| Other amounts receivable | 41 | €16,973 | €9,636 | -€7,336 | -43.2% |
| Current investments | 50/53 | - | €145,640 | +€145,640 | |
| Cash at bank and in hand | 54/58 | €60,880 | €26,156 | -€34,724 | -57.0% |
| Deferred charges and accrued income | 490/1 | €16,349 | - | -€16,349 | |
| Total equity and liabilities | 10/49 | €263,084 | €311,934 | +€48,849 | +18.6% |
| Equity | 10/15 | €179,139 | €162,804 | -€16,335 | -9.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €160,389 | €144,054 | -€16,335 | -10.2% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €139,764 | €123,429 | -€16,335 | -11.7% |
| Amounts payable | 17/49 | €83,945 | €149,130 | +€65,185 | +77.7% |
| Amounts payable within one year | 42/48 | €55,721 | €149,130 | +€93,409 | +167.6% |
| Trade debts | 44 | €29,125 | €18,712 | -€10,413 | -35.8% |
| Suppliers | 440/4 | €29,125 | €18,712 | -€10,413 | -35.8% |
| Advances received on contracts in progress | 46 | €4,700 | €897 | -€3,803 | -80.9% |
| Taxes, remuneration and social security | 45 | €19,929 | €13,116 | -€6,813 | -34.2% |
| Taxes | 450/3 | €11,369 | €10,607 | -€763 | -6.7% |
| Remuneration and social security | 454/9 | €8,560 | €2,510 | -€6,050 | -70.7% |
| Other amounts payable | 47/48 | €1,967 | €116,405 | +€114,438 | +5818.2% |
| Accrued charges and deferred income | 492/3 | €28,224 | - | -€28,224 | |
| Remuneration, social security and pensions | 62 | €273 | - | -€273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,493 | €3,434 | -€59 | -1.7% |
| Other operating charges | 640/8 | €1,044 | €771 | -€273 | -26.1% |
| Gross operating margin | 9900 | €183,584 | €161,795 | -€21,788 | -11.9% |
| Operating profit (loss) | 9901 | €178,774 | €157,590 | -€21,184 | -11.8% |
| Financial income | 75/76B | €1,553 | €818 | -€735 | -47.3% |
| Recurring financial income | 75 | €1,553 | €818 | -€735 | -47.3% |
| Financial charges | 65/66B | €58 | - | -€58 | |
| Recurring financial charges | 65 | €58 | - | -€58 | |
| Profit (loss) for the period before taxes | 9903 | €180,269 | €158,408 | -€21,861 | -12.1% |
| Income taxes | 67/77 | €41,054 | €35,743 | -€5,310 | -12.9% |
| Profit (loss) for the period | 9904 | €139,215 | €122,665 | -€16,551 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €139,215 | €122,665 | -€16,551 | -11.9% |
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 11 October 2026 via checked.be.