BARADVO: 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.
BARADVO
Largest movements
- Tangible fixed assets -€14,453
down €14,453 (-40.9%), from €35,373 to €20,920
of which Furniture and vehicles: -€13,711
- Cash -€7,589
down €7,589 (-5.0%), from €151,643 to €144,054
mainly Contributions, distributions and other (-€80,933) and Investment in fixed assets (net) (-€5,048)
- Reserves -€43,877
down €43,877 (-39.6%), from €110,810 to €66,933
- Other debts +€21,190
up €21,190 (+21.5%), from €98,346 to €119,536
- Tax, wage and social debts +€4,917
up €4,917 (+52.0%), from €9,462 to €14,378
- Current portion of long-term debt -€3,047
down €3,047 (-74.8%), from €4,071 to €1,024
- Gross operating margin -€1,261
down €1,261 (-1.9%), from €67,820 to €66,560
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 | €229,980 | €209,336 | -€20,643 | -9.0% |
| Fixed assets | 21/28 | €35,373 | €20,920 | -€14,453 | -40.9% |
| Tangible fixed assets | 22/27 | €35,373 | €20,920 | -€14,453 | -40.9% |
| Plant, machinery and equipment | 23 | €1,723 | €1,321 | -€402 | -23.4% |
| Furniture and vehicles | 24 | €30,522 | €16,811 | -€13,711 | -44.9% |
| Other tangible fixed assets | 26 | €3,128 | €2,788 | -€340 | -10.9% |
| Current assets | 29/58 | €194,607 | €188,417 | -€6,190 | -3.2% |
| Amounts receivable within one year | 40/41 | - | €359 | +€359 | |
| Other amounts receivable | 41 | - | €359 | +€359 | |
| Current investments | 50/53 | €41,043 | €41,862 | +€819 | +2.0% |
| Cash at bank and in hand | 54/58 | €151,643 | €144,054 | -€7,589 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,921 | €2,142 | +€221 | +11.5% |
| Total equity and liabilities | 10/49 | €229,980 | €209,336 | -€20,643 | -9.0% |
| Equity | 10/15 | €115,810 | €71,933 | -€43,877 | -37.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €110,810 | €66,933 | -€43,877 | -39.6% |
| Distributable reserves | 133 | €110,810 | €66,933 | -€43,877 | -39.6% |
| Amounts payable | 17/49 | €114,169 | €137,404 | +€23,234 | +20.4% |
| Amounts payable after more than one year | 17 | €1,024 | - | -€1,024 | |
| Financial debts | 170/4 | €1,024 | - | -€1,024 | |
| Amounts payable within one year | 42/48 | €113,145 | €137,404 | +€24,258 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €4,071 | €1,024 | -€3,047 | -74.8% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €1,267 | €2,443 | +€1,176 | +92.8% |
| Suppliers | 440/4 | €1,267 | €2,443 | +€1,176 | +92.8% |
| Taxes, remuneration and social security | 45 | €9,462 | €14,378 | +€4,917 | +52.0% |
| Taxes | 450/3 | €9,462 | €14,378 | +€4,917 | +52.0% |
| Other amounts payable | 47/48 | €98,346 | €119,536 | +€21,190 | +21.5% |
| Non-recurring operating income | 76A | - | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,891 | €19,501 | -€390 | -2.0% |
| Other operating charges | 640/8 | €685 | €766 | +€81 | +11.8% |
| Non-recurring operating charges | 66A | - | €42 | +€42 | |
| Gross operating margin | 9900 | €67,820 | €66,560 | -€1,261 | -1.9% |
| Operating profit (loss) | 9901 | €47,244 | €46,251 | -€993 | -2.1% |
| Financial income | 75/76B | €1,001 | €977 | -€24 | -2.4% |
| Recurring financial income | 75 | €1,001 | €977 | -€24 | -2.4% |
| Financial charges | 65/66B | €655 | €566 | -€89 | -13.6% |
| Recurring financial charges | 65 | €655 | €566 | -€89 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €47,590 | €46,662 | -€928 | -1.9% |
| Income taxes | 67/77 | €9,541 | €9,607 | +€66 | +0.7% |
| Profit (loss) for the period | 9904 | €38,049 | €37,055 | -€994 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,049 | €37,055 | -€994 | -2.6% |
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 17 October 2026 via checked.be.