Bar Vela: 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 Vela
Largest movements
- Tangible fixed assets -€16,240
down €16,240 (-4.6%), from €356,636 to €340,396
of which Land and buildings: -€8,912
- Cash -€4,602
down €4,602 (-28.4%), from €16,184 to €11,582
mainly Debts after one year (-€17,419) and Trade debts (-€8,555)
- Debts after one year -€17,419
down €17,419 (-5.3%), from €328,421 to €311,002
- Trade debts -€8,555
down €8,555 (-41.2%), from €20,781 to €12,226
- Tax, wage and social debts +€6,504
up €6,504 (+101.4%), from €6,414 to €12,918
of which Taxes: +€4,240
- Gross operating margin +€6,293
up €6,293 (+8.4%), from €75,270 to €81,563
- Staff costs +€5,145
up €5,145 (+11.5%), from €44,774 to €49,919
- Other operating charges +€2,732
up €2,732 (+480.0%), from €569 to €3,301
- Financial charges -€1,759
down €1,759 (-12.6%), from €13,985 to €12,226
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 | €375,059 | €355,253 | -€19,807 | -5.3% |
| Fixed assets | 21/28 | €356,636 | €340,396 | -€16,240 | -4.6% |
| Tangible fixed assets | 22/27 | €356,636 | €340,396 | -€16,240 | -4.6% |
| Land and buildings | 22 | €311,838 | €302,925 | -€8,912 | -2.9% |
| Plant, machinery and equipment | 23 | €37,624 | €31,188 | -€6,435 | -17.1% |
| Furniture and vehicles | 24 | €7,174 | €6,282 | -€893 | -12.4% |
| Current assets | 29/58 | €18,424 | €14,857 | -€3,567 | -19.4% |
| Stocks and contracts in progress | 3 | €2,240 | €2,699 | +€458 | +20.5% |
| Stocks | 30/36 | €2,240 | €2,699 | +€458 | +20.5% |
| Amounts receivable within one year | 40/41 | - | €577 | +€577 | |
| Trade receivables | 40 | - | €577 | +€577 | |
| Cash at bank and in hand | 54/58 | €16,184 | €11,582 | -€4,602 | -28.4% |
| Total equity and liabilities | 10/49 | €375,059 | €355,253 | -€19,807 | -5.3% |
| Equity | 10/15 | -€28,126 | -€29,666 | -€1,541 | -5.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,126 | -€39,666 | -€1,541 | -4.0% |
| Amounts payable | 17/49 | €403,185 | €384,919 | -€18,266 | -4.5% |
| Amounts payable after more than one year | 17 | €328,421 | €311,002 | -€17,419 | -5.3% |
| Financial debts | 170/4 | €328,421 | €311,002 | -€17,419 | -5.3% |
| Amounts payable within one year | 42/48 | €74,764 | €73,917 | -€847 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €18,223 | €18,997 | +€774 | +4.2% |
| Trade debts | 44 | €20,781 | €12,226 | -€8,555 | -41.2% |
| Suppliers | 440/4 | €20,781 | €12,226 | -€8,555 | -41.2% |
| Taxes, remuneration and social security | 45 | €6,414 | €12,918 | +€6,504 | +101.4% |
| Taxes | 450/3 | €2,907 | €7,146 | +€4,240 | +145.9% |
| Remuneration and social security | 454/9 | €3,508 | €5,772 | +€2,264 | +64.5% |
| Other amounts payable | 47/48 | €29,346 | €29,777 | +€431 | +1.5% |
| Remuneration, social security and pensions | 62 | €44,774 | €49,919 | +€5,145 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,841 | €17,907 | +€66 | +0.4% |
| Other operating charges | 640/8 | €569 | €3,301 | +€2,732 | +480.0% |
| Gross operating margin | 9900 | €75,270 | €81,563 | +€6,293 | +8.4% |
| Operating profit (loss) | 9901 | €12,086 | €10,437 | -€1,649 | -13.6% |
| Financial income | 75/76B | €2 | €249 | +€247 | +10554.3% |
| Recurring financial income | 75 | €2 | €249 | +€247 | +10554.3% |
| Financial charges | 65/66B | €13,985 | €12,226 | -€1,759 | -12.6% |
| Recurring financial charges | 65 | €13,985 | €12,226 | -€1,759 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,897 | -€1,541 | +€357 | +18.8% |
| Profit (loss) for the period | 9904 | -€1,897 | -€1,541 | +€357 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,897 | -€1,541 | +€357 | +18.8% |
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 8 October 2026 via checked.be.