BAR ONE-15: 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 ONE-15
Largest movements
- Receivables within one year +€64,764
up €64,764 (+112%), from €57,730 to €122,494
of which Trade receivables: +€73,135
- Cash -€38,113
down €38,113 (-84.2%), from €45,262 to €7,149
mainly Receivables within one year (-€64,764) and Net result for the year (-€56,122)
- Deferred charges and accrued income -€11,066
down €11,066 (-84.6%), from €13,084 to €2,017
- Tangible fixed assets -€5,989
down €5,989 (-13.4%), from €44,836 to €38,847
of which Furniture and vehicles: -€6,675
- Profit (loss) carried forward -€56,122
down €56,122 (-2,392%), from -€2,346 to -€58,469
- Tax, wage and social debts +€34,143
up €34,143 (+36.2%), from €94,203 to €128,345
of which Remuneration and social security: +€23,780
- Trade debts +€30,267
up €30,267 (+50.8%), from €59,554 to €89,821
- Other debts +€10,969
new in 2025: €10,969
- Current portion of long-term debt -€5,493
down €5,493 (-66.2%), from €8,303 to €2,809
- Gross operating margin -€95,251
down €95,251 (-50.8%), from €187,363 to €92,112
- Staff costs -€42,271
down €42,271 (-23.9%), from €177,173 to €134,901
- Financial charges -€2,530
down €2,530 (-52.2%), from €4,842 to €2,312
- Other operating charges +€2,136
up €2,136 (+954%), from €224 to €2,360
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 | €194,119 | €204,202 | +€10,083 | +5.2% |
| Fixed assets | 21/28 | €44,836 | €38,847 | -€5,989 | -13.4% |
| Tangible fixed assets | 22/27 | €44,836 | €38,847 | -€5,989 | -13.4% |
| Land and buildings | 22 | - | €1,007 | +€1,007 | |
| Plant, machinery and equipment | 23 | €2,461 | €2,140 | -€322 | -13.1% |
| Furniture and vehicles | 24 | €42,375 | €35,700 | -€6,675 | -15.8% |
| Current assets | 29/58 | €149,283 | €165,355 | +€16,072 | +10.8% |
| Stocks and contracts in progress | 3 | €33,207 | €33,695 | +€488 | +1.5% |
| Stocks | 30/36 | €33,207 | €33,695 | +€488 | +1.5% |
| Amounts receivable within one year | 40/41 | €57,730 | €122,494 | +€64,764 | +112% |
| Trade receivables | 40 | €49,170 | €122,305 | +€73,135 | +149% |
| Other amounts receivable | 41 | €8,560 | €189 | -€8,372 | -97.8% |
| Cash at bank and in hand | 54/58 | €45,262 | €7,149 | -€38,113 | -84.2% |
| Deferred charges and accrued income | 490/1 | €13,084 | €2,017 | -€11,066 | -84.6% |
| Total equity and liabilities | 10/49 | €194,119 | €204,202 | +€10,083 | +5.2% |
| Equity | 10/15 | €7,654 | -€48,469 | -€56,122 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,346 | -€58,469 | -€56,122 | -2,392% |
| Amounts payable | 17/49 | €186,465 | €252,671 | +€66,206 | +35.5% |
| Amounts payable after more than one year | 17 | €22,809 | €20,000 | -€2,809 | -12.3% |
| Financial debts | 170/4 | €22,809 | €20,000 | -€2,809 | -12.3% |
| Amounts payable within one year | 42/48 | €162,950 | €231,944 | +€68,994 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €8,303 | €2,809 | -€5,493 | -66.2% |
| Trade debts | 44 | €59,554 | €89,821 | +€30,267 | +50.8% |
| Suppliers | 440/4 | €59,554 | €89,821 | +€30,267 | +50.8% |
| Advances received on contracts in progress | 46 | €891 | - | -€891 | |
| Taxes, remuneration and social security | 45 | €94,203 | €128,345 | +€34,143 | +36.2% |
| Taxes | 450/3 | €16,427 | €26,790 | +€10,363 | +63.1% |
| Remuneration and social security | 454/9 | €77,775 | €101,555 | +€23,780 | +30.6% |
| Other amounts payable | 47/48 | - | €10,969 | +€10,969 | |
| Accrued charges and deferred income | 492/3 | €706 | €727 | +€21 | +3.0% |
| Remuneration, social security and pensions | 62 | €177,173 | €134,901 | -€42,271 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,583 | €8,527 | -€56 | -0.7% |
| Other operating charges | 640/8 | €224 | €2,360 | +€2,136 | +954% |
| Gross operating margin | 9900 | €187,363 | €92,112 | -€95,251 | -50.8% |
| Operating profit (loss) | 9901 | €1,383 | -€53,676 | -€55,059 | |
| Financial income | 75/76B | €715 | €9 | -€706 | -98.8% |
| Recurring financial income | 75 | €715 | €9 | -€706 | -98.8% |
| Financial charges | 65/66B | €4,842 | €2,312 | -€2,530 | -52.2% |
| Recurring financial charges | 65 | €4,842 | €2,312 | -€2,530 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,744 | -€55,979 | -€53,235 | -1,940% |
| Income taxes | 67/77 | €532 | €143 | -€389 | -73.1% |
| Profit (loss) for the period | 9904 | -€3,276 | -€56,122 | -€52,847 | -1,613% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,276 | -€56,122 | -€52,847 | -1,613% |
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 14 October 2026 via checked.be.