BARAN: 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.
BARAN
Largest movements
- Tangible fixed assets +€479,259
up €479,259 (+64.0%), from €748,698 to €1.2m
of which Land and buildings: +€416,119
- Cash -€195,878
down €195,878 (-94.5%), from €207,372 to €11,494
mainly Investment in fixed assets (net) (-€550,455) and Other debts (-€77,259)
- Current investments -€135,598
down €135,598 (-84.8%), from €159,852 to €24,254
- Receivables within one year +€41,196
up €41,196 (+83.3%), from €49,434 to €90,630
of which Other amounts receivable: +€35,566
- Debts after one year +€214,654
up €214,654 (+716.5%), from €29,957 to €244,611
- Other debts -€77,259
down €77,259 (-7.7%), from €1.0m to €926,870
- Profit (loss) carried forward +€35,685
up €35,685 (+23.7%), from -€150,275 to -€114,589
- Reserves -€33,969
down €33,969 (-9.2%), from €369,897 to €335,929
of which Tax-exempt reserves: -€33,969
- Current portion of long-term debt +€31,000
up €31,000 (+260.0%), from €11,921 to €42,922
- Financial income -€251,603
down €251,603 (-88.3%), from €284,918 to €33,316
- Gross operating margin -€111,151
down €111,151 (-71.0%), from €156,520 to €45,369
- Depreciation +€13,731
up €13,731 (+23.9%), from €57,464 to €71,196
- Taxes -€6,272
down €6,272 (-47.6%), from €13,174 to €6,902
- Financial charges +€1,654
up €1,654 (+33.8%), from €4,889 to €6,543
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,183,324 | €2,372,318 | +€188,993 | +8.7% |
| Fixed assets | 21/28 | €1,758,698 | €2,237,957 | +€479,259 | +27.3% |
| Tangible fixed assets | 22/27 | €748,698 | €1,227,957 | +€479,259 | +64.0% |
| Land and buildings | 22 | €676,330 | €1,092,449 | +€416,119 | +61.5% |
| Plant, machinery and equipment | 23 | - | €49,180 | +€49,180 | |
| Furniture and vehicles | 24 | €72,368 | €86,328 | +€13,960 | +19.3% |
| Financial fixed assets | 28 | €1,010,000 | €1,010,000 | = | 0.0% |
| Current assets | 29/58 | €424,626 | €134,361 | -€290,266 | -68.4% |
| Amounts receivable within one year | 40/41 | €49,434 | €90,630 | +€41,196 | +83.3% |
| Trade receivables | 40 | - | €5,630 | +€5,630 | |
| Other amounts receivable | 41 | €49,434 | €85,000 | +€35,566 | +71.9% |
| Current investments | 50/53 | €159,852 | €24,254 | -€135,598 | -84.8% |
| Cash at bank and in hand | 54/58 | €207,372 | €11,494 | -€195,878 | -94.5% |
| Deferred charges and accrued income | 490/1 | €7,968 | €7,983 | +€15 | +0.2% |
| Total equity and liabilities | 10/49 | €2,183,324 | €2,372,318 | +€188,993 | +8.7% |
| Equity | 10/15 | €968,214 | €969,931 | +€1,717 | +0.2% |
| Contributions | 10/11 | €748,592 | €748,592 | = | 0.0% |
| Reserves | 13 | €369,897 | €335,929 | -€33,969 | -9.2% |
| Tax-exempt reserves | 132 | €368,038 | €334,069 | -€33,969 | -9.2% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,275 | -€114,589 | +€35,685 | +23.7% |
| Provisions and deferred taxes | 16 | €146,783 | €134,109 | -€12,674 | -8.6% |
| Deferred taxes | 168 | €146,783 | €134,109 | -€12,674 | -8.6% |
| Amounts payable | 17/49 | €1,068,327 | €1,268,277 | +€199,950 | +18.7% |
| Amounts payable after more than one year | 17 | €29,957 | €244,611 | +€214,654 | +716.5% |
| Financial debts | 170/4 | €29,957 | €244,611 | +€214,654 | +716.5% |
| Amounts payable within one year | 42/48 | €1,038,370 | €1,023,666 | -€14,703 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €11,921 | €42,922 | +€31,000 | +260.0% |
| Trade debts | 44 | €5,482 | €16,736 | +€11,255 | +205.3% |
| Suppliers | 440/4 | €5,482 | €16,736 | +€11,255 | +205.3% |
| Taxes, remuneration and social security | 45 | €16,838 | €37,138 | +€20,300 | +120.6% |
| Taxes | 450/3 | €16,838 | €37,138 | +€20,300 | +120.6% |
| Other amounts payable | 47/48 | €1,004,129 | €926,870 | -€77,259 | -7.7% |
| Non-recurring operating income | 76A | - | €30,081 | +€30,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,464 | €71,196 | +€13,731 | +23.9% |
| Other operating charges | 640/8 | €5,045 | €5,001 | -€44 | -0.9% |
| Gross operating margin | 9900 | €156,520 | €45,369 | -€111,151 | -71.0% |
| Operating profit (loss) | 9901 | €94,011 | -€30,827 | -€124,838 | |
| Financial income | 75/76B | €284,918 | €33,316 | -€251,603 | -88.3% |
| Recurring financial income | 75 | €284,918 | €33,316 | -€251,603 | -88.3% |
| Financial charges | 65/66B | €4,889 | €6,543 | +€1,654 | +33.8% |
| Recurring financial charges | 65 | €4,889 | €6,543 | +€1,654 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €374,040 | -€4,055 | -€378,095 | |
| Transfer from deferred taxes | 780 | €7,055 | €12,674 | +€5,618 | +79.6% |
| Income taxes | 67/77 | €13,174 | €6,902 | -€6,272 | -47.6% |
| Profit (loss) for the period | 9904 | €367,921 | €1,717 | -€366,204 | -99.5% |
| Transfer from tax-exempt reserves | 789 | €17,113 | €33,969 | +€16,855 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €385,034 | €35,685 | -€349,349 | -90.7% |
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 4 October 2026 via checked.be.