BARA MECKING: 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.
BARA MECKING
Largest movements
- Tangible fixed assets +€393,695
up €393,695 (+435.5%), from €90,393 to €484,088
of which Land and buildings: +€394,052
- Receivables within one year +€30,894
up €30,894 (+59.5%), from €51,899 to €82,793
of which Trade receivables: +€33,117
- Cash -€23,051
down €23,051 (-35.0%), from €65,834 to €42,783
mainly Investment in fixed assets (net) (-€471,937) and Receivables within one year (-€30,894)
- Debts after one year +€346,798
new in 2025: €346,798
of which Financial debts: +€306,798
- Profit (loss) carried forward +€39,576
up €39,576 (+379.6%), from €10,425 to €50,001
- Trade debts +€24,409
up €24,409 (+27.2%), from €89,736 to €114,145
- Other debts -€20,946
down €20,946 (-90.8%), from €23,067 to €2,121
- Current portion of long-term debt +€20,895
up €20,895 (+108.4%), from €19,271 to €40,166
- Gross operating margin +€103,198
up €103,198 (+19.0%), from €542,156 to €645,354
- Staff costs +€32,635
up €32,635 (+7.1%), from €459,322 to €491,957
- Depreciation +€27,195
up €27,195 (+56.1%), from €48,481 to €75,675
- Financial charges +€20,898
up €20,898 (+795.0%), from €2,629 to €23,527
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 | €248,662 | €656,220 | +€407,559 | +163.9% |
| Fixed assets | 21/28 | €96,846 | €493,107 | +€396,261 | +409.2% |
| Intangible fixed assets | 21 | €3,982 | €2,649 | -€1,333 | -33.5% |
| Tangible fixed assets | 22/27 | €90,393 | €484,088 | +€393,695 | +435.5% |
| Land and buildings | 22 | - | €394,052 | +€394,052 | |
| Plant, machinery and equipment | 23 | €71,630 | €66,519 | -€5,112 | -7.1% |
| Furniture and vehicles | 24 | €5,437 | €11,441 | +€6,004 | +110.4% |
| Other tangible fixed assets | 26 | €13,325 | €12,076 | -€1,249 | -9.4% |
| Financial fixed assets | 28 | €2,471 | €6,371 | +€3,900 | +157.8% |
| Current assets | 29/58 | €151,816 | €163,113 | +€11,297 | +7.4% |
| Stocks and contracts in progress | 3 | €30,124 | €34,972 | +€4,848 | +16.1% |
| Stocks | 30/36 | €30,124 | €34,972 | +€4,848 | +16.1% |
| Amounts receivable within one year | 40/41 | €51,899 | €82,793 | +€30,894 | +59.5% |
| Trade receivables | 40 | €6,336 | €39,454 | +€33,117 | +522.7% |
| Other amounts receivable | 41 | €45,562 | €43,339 | -€2,223 | -4.9% |
| Cash at bank and in hand | 54/58 | €65,834 | €42,783 | -€23,051 | -35.0% |
| Deferred charges and accrued income | 490/1 | €3,959 | €2,565 | -€1,394 | -35.2% |
| Total equity and liabilities | 10/49 | €248,662 | €656,220 | +€407,559 | +163.9% |
| Equity | 10/15 | €30,885 | €70,461 | +€39,576 | +128.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,425 | €50,001 | +€39,576 | +379.6% |
| Amounts payable | 17/49 | €217,777 | €585,759 | +€367,982 | +169.0% |
| Amounts payable after more than one year | 17 | - | €346,798 | +€346,798 | |
| Financial debts | 170/4 | - | €306,798 | +€306,798 | |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €217,777 | €237,619 | +€19,842 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €19,271 | €40,166 | +€20,895 | +108.4% |
| Trade debts | 44 | €89,736 | €114,145 | +€24,409 | +27.2% |
| Suppliers | 440/4 | €89,736 | €114,145 | +€24,409 | +27.2% |
| Taxes, remuneration and social security | 45 | €85,703 | €81,187 | -€4,516 | -5.3% |
| Taxes | 450/3 | €12,674 | €7,925 | -€4,749 | -37.5% |
| Remuneration and social security | 454/9 | €73,029 | €73,262 | +€234 | +0.3% |
| Other amounts payable | 47/48 | €23,067 | €2,121 | -€20,946 | -90.8% |
| Accrued charges and deferred income | 492/3 | - | €1,342 | +€1,342 | |
| Non-recurring operating income | 76A | €62 | €0 | -€62 | -100.0% |
| Remuneration, social security and pensions | 62 | €459,322 | €491,957 | +€32,635 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,481 | €75,675 | +€27,195 | +56.1% |
| Other operating charges | 640/8 | €816 | €1,921 | +€1,104 | +135.3% |
| Non-recurring operating charges | 66A | - | €5,627 | +€5,627 | |
| Gross operating margin | 9900 | €542,156 | €645,354 | +€103,198 | +19.0% |
| Operating profit (loss) | 9901 | €33,537 | €70,174 | +€36,637 | +109.2% |
| Financial income | 75/76B | €1,360 | €1,241 | -€119 | -8.8% |
| Recurring financial income | 75 | €1,360 | €1,241 | -€119 | -8.8% |
| Financial charges | 65/66B | €2,629 | €23,527 | +€20,898 | +795.0% |
| Recurring financial charges | 65 | €2,629 | €23,527 | +€20,898 | +795.0% |
| Profit (loss) for the period before taxes | 9903 | €32,269 | €47,888 | +€15,619 | +48.4% |
| Income taxes | 67/77 | €4,524 | €8,312 | +€3,788 | +83.7% |
| Profit (loss) for the period | 9904 | €27,744 | €39,576 | +€11,832 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,744 | €39,576 | +€11,832 | +42.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.