BARAK: 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.
BARAK
Largest movements
- Cash -€17,459
down €17,459 (-35.8%), from €48,766 to €31,307
mainly Debts after one year (-€25,427) and Investment in fixed assets (net) (-€18,036)
- Reserves +€27,262
up €27,262 (+33.6%), from €81,209 to €108,471
- Debts after one year -€25,427
down €25,427 (-6.0%), from €421,422 to €395,994
- Other debts -€17,508
down €17,508 (-4.2%), from €417,785 to €400,277
- Gross operating margin -€9,667
down €9,667 (-10.0%), from €96,205 to €86,539
- Financial charges -€8,786
down €8,786 (-30.9%), from €28,431 to €19,645
- Depreciation +€1,638
up €1,638 (+6.1%), from €26,696 to €28,334
- Taxes -€1,204
down €1,204 (-15.0%), from €8,019 to €6,816
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 | €1,258,424 | €1,231,189 | -€27,235 | -2.2% |
| Fixed assets | 21/28 | €890,005 | €879,707 | -€10,298 | -1.2% |
| Tangible fixed assets | 22/27 | €890,005 | €879,707 | -€10,298 | -1.2% |
| Land and buildings | 22 | €888,047 | €878,184 | -€9,863 | -1.1% |
| Furniture and vehicles | 24 | €1,958 | €1,523 | -€436 | -22.2% |
| Current assets | 29/58 | €368,419 | €351,482 | -€16,936 | -4.6% |
| Stocks and contracts in progress | 3 | €319,485 | €319,485 | = | 0.0% |
| Stocks | 30/36 | €319,485 | €319,485 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168 | €691 | +€523 | +312% |
| Trade receivables | 40 | €168 | €0 | -€168 | -100% |
| Other amounts receivable | 41 | - | €691 | +€691 | |
| Cash at bank and in hand | 54/58 | €48,766 | €31,307 | -€17,459 | -35.8% |
| Total equity and liabilities | 10/49 | €1,258,424 | €1,231,189 | -€27,235 | -2.2% |
| Equity | 10/15 | €101,209 | €128,471 | +€27,262 | +26.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €81,209 | €108,471 | +€27,262 | +33.6% |
| Distributable reserves | 133 | €81,209 | €108,471 | +€27,262 | +33.6% |
| Amounts payable | 17/49 | €1,157,215 | €1,102,718 | -€54,497 | -4.7% |
| Amounts payable after more than one year | 17 | €421,422 | €395,994 | -€25,427 | -6.0% |
| Financial debts | 170/4 | €421,422 | €395,994 | -€25,427 | -6.0% |
| Amounts payable within one year | 42/48 | €735,793 | €706,398 | -€29,396 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €25,053 | €25,427 | +€375 | +1.5% |
| Financial debts | 43 | €270,000 | €270,000 | = | 0.0% |
| Credit institutions | 430/8 | €270,000 | €270,000 | = | 0.0% |
| Trade debts | 44 | €11,105 | €2,052 | -€9,053 | -81.5% |
| Suppliers | 440/4 | €11,105 | €2,052 | -€9,053 | -81.5% |
| Taxes, remuneration and social security | 45 | €11,851 | €8,641 | -€3,210 | -27.1% |
| Taxes | 450/3 | €11,851 | €8,641 | -€3,210 | -27.1% |
| Other amounts payable | 47/48 | €417,785 | €400,277 | -€17,508 | -4.2% |
| Accrued charges and deferred income | 492/3 | - | €326 | +€326 | |
| Non-recurring operating income | 76A | €61,867 | €10,406 | -€51,461 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,696 | €28,334 | +€1,638 | +6.1% |
| Other operating charges | 640/8 | €4,356 | €4,502 | +€146 | +3.3% |
| Gross operating margin | 9900 | €96,205 | €86,539 | -€9,667 | -10.0% |
| Operating profit (loss) | 9901 | €65,153 | €53,703 | -€11,450 | -17.6% |
| Financial income | 75/76B | €27 | €21 | -€6 | -23.1% |
| Recurring financial income | 75 | €27 | €21 | -€6 | -23.1% |
| Financial charges | 65/66B | €28,431 | €19,645 | -€8,786 | -30.9% |
| Recurring financial charges | 65 | €28,431 | €19,645 | -€8,786 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €36,748 | €34,078 | -€2,670 | -7.3% |
| Income taxes | 67/77 | €8,019 | €6,816 | -€1,204 | -15.0% |
| Profit (loss) for the period | 9904 | €28,729 | €27,262 | -€1,467 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,729 | €27,262 | -€1,467 | -5.1% |
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 13 October 2026 via checked.be.