BARAAM: 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.
BARAAM
Largest movements
- Cash -€123,427
down €123,427 (-65.1%), from €189,563 to €66,136
mainly Other debts (-€91,053) and Contributions, distributions and other (-€65,772)
- Tangible fixed assets -€5,353
down €5,353 (-7.4%), from €71,864 to €66,511
of which Furniture and vehicles: -€18,340
- Other debts -€91,053
down €91,053 (-51.9%), from €175,498 to €84,445
- Tax, wage and social debts -€29,446
down €29,446 (-61.6%), from €47,801 to €18,355
- Debts after one year -€8,912
down €8,912 (-24.2%), from €36,773 to €27,861
of which Financial debts: -€27,512
- Gross operating margin -€116,884
down €116,884 (-50.8%), from €230,308 to €113,424
- Taxes -€32,452
down €32,452 (-58.2%), from €55,724 to €23,272
- Depreciation +€3,161
up €3,161 (+17.7%), from €17,835 to €20,996
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 | €289,779 | €160,126 | -€129,652 | -44.7% |
| Fixed assets | 21/28 | €71,864 | €66,511 | -€5,353 | -7.4% |
| Tangible fixed assets | 22/27 | €71,864 | €66,511 | -€5,353 | -7.4% |
| Plant, machinery and equipment | 23 | €503 | €13,490 | +€12,988 | +2,583% |
| Furniture and vehicles | 24 | €71,361 | €53,021 | -€18,340 | -25.7% |
| Current assets | 29/58 | €217,914 | €93,615 | -€124,300 | -57.0% |
| Amounts receivable within one year | 40/41 | €26,326 | €26,282 | -€44 | -0.2% |
| Trade receivables | 40 | €26,326 | €13,207 | -€13,118 | -49.8% |
| Other amounts receivable | 41 | - | €13,075 | +€13,075 | |
| Cash at bank and in hand | 54/58 | €189,563 | €66,136 | -€123,427 | -65.1% |
| Deferred charges and accrued income | 490/1 | €2,026 | €1,197 | -€829 | -40.9% |
| Total equity and liabilities | 10/49 | €289,779 | €160,126 | -€129,652 | -44.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €271,179 | €141,526 | -€129,652 | -47.8% |
| Amounts payable after more than one year | 17 | €36,773 | €27,861 | -€8,912 | -24.2% |
| Financial debts | 170/4 | €36,773 | €9,261 | -€27,512 | -74.8% |
| Other amounts payable | 178/9 | - | €18,600 | +€18,600 | |
| Amounts payable within one year | 42/48 | €232,914 | €112,348 | -€120,565 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €8,577 | €8,912 | +€336 | +3.9% |
| Trade debts | 44 | €1,039 | €636 | -€403 | -38.7% |
| Suppliers | 440/4 | €1,039 | €636 | -€403 | -38.7% |
| Taxes, remuneration and social security | 45 | €47,801 | €18,355 | -€29,446 | -61.6% |
| Taxes | 450/3 | €47,801 | €18,355 | -€29,446 | -61.6% |
| Other amounts payable | 47/48 | €175,498 | €84,445 | -€91,053 | -51.9% |
| Accrued charges and deferred income | 492/3 | €1,492 | €1,317 | -€175 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,835 | €20,996 | +€3,161 | +17.7% |
| Other operating charges | 640/8 | €1,105 | €1,085 | -€20 | -1.8% |
| Gross operating margin | 9900 | €230,308 | €113,424 | -€116,884 | -50.8% |
| Operating profit (loss) | 9901 | €211,369 | €91,344 | -€120,025 | -56.8% |
| Financial income | 75/76B | €0 | €62 | +€62 | +206,900% |
| Recurring financial income | 75 | €0 | €62 | +€62 | +206,900% |
| Financial charges | 65/66B | €2,858 | €2,361 | -€497 | -17.4% |
| Recurring financial charges | 65 | €2,858 | €2,361 | -€497 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €208,510 | €89,044 | -€119,466 | -57.3% |
| Income taxes | 67/77 | €55,724 | €23,272 | -€32,452 | -58.2% |
| Profit (loss) for the period | 9904 | €152,786 | €65,772 | -€87,014 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €152,786 | €65,772 | -€87,014 | -57.0% |
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 15 October 2026 via checked.be.