BARAN SERHAT: 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 SERHAT
Largest movements
- Stocks and contracts +€9,985
new in 2025: €9,985
- Cash +€4,607
up €4,607 (+125.9%), from €3,660 to €8,267
mainly Trade debts (+€13,766) and Tax, wage and social debts (+€2,644)
- Receivables within one year +€1,127
up €1,127 (+11.3%), from €10,000 to €11,127
- Deferred charges and accrued income +€562
new in 2025: €562
- Trade debts +€13,766
up €13,766 (+1755.7%), from €784 to €14,550
- Tax, wage and social debts +€2,644
new in 2025: €2,644
of which Remuneration and social security: +€2,215
- Gross operating margin +€25,934
up €25,934, from -€2,114 to €23,820
- Staff costs +€18,775
new in 2025: €18,775
- Other operating charges +€4,934
new in 2025: €4,934
- Financial charges +€843
up €843 (+7990.0%), from €11 to €854
- Financial income +€614
up €614 (+93042.4%), from €1 to €615
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 | €13,660 | €29,942 | +€16,281 | +119.2% |
| Current assets | 29/58 | €13,660 | €29,942 | +€16,281 | +119.2% |
| Stocks and contracts in progress | 3 | - | €9,985 | +€9,985 | |
| Stocks | 30/36 | - | €9,985 | +€9,985 | |
| Amounts receivable within one year | 40/41 | €10,000 | €11,127 | +€1,127 | +11.3% |
| Other amounts receivable | 41 | €10,000 | €11,127 | +€1,127 | +11.3% |
| Cash at bank and in hand | 54/58 | €3,660 | €8,267 | +€4,607 | +125.9% |
| Deferred charges and accrued income | 490/1 | - | €562 | +€562 | |
| Total equity and liabilities | 10/49 | €13,660 | €29,942 | +€16,281 | +119.2% |
| Equity | 10/15 | €12,876 | €12,748 | -€128 | -1.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,124 | -€2,252 | -€128 | -6.0% |
| Amounts payable | 17/49 | €784 | €17,194 | +€16,410 | +2092.9% |
| Amounts payable within one year | 42/48 | €784 | €17,194 | +€16,410 | +2092.9% |
| Trade debts | 44 | €784 | €14,550 | +€13,766 | +1755.7% |
| Suppliers | 440/4 | €784 | €14,550 | +€13,766 | +1755.7% |
| Taxes, remuneration and social security | 45 | - | €2,644 | +€2,644 | |
| Taxes | 450/3 | - | €429 | +€429 | |
| Remuneration and social security | 454/9 | - | €2,215 | +€2,215 | |
| Remuneration, social security and pensions | 62 | - | €18,775 | +€18,775 | |
| Other operating charges | 640/8 | - | €4,934 | +€4,934 | |
| Gross operating margin | 9900 | -€2,114 | €23,820 | +€25,934 | |
| Operating profit (loss) | 9901 | -€2,114 | €111 | +€2,225 | |
| Financial income | 75/76B | €1 | €615 | +€614 | +93042.4% |
| Recurring financial income | 75 | €1 | €615 | +€614 | +93042.4% |
| Financial charges | 65/66B | €11 | €854 | +€843 | +7990.0% |
| Recurring financial charges | 65 | €11 | €854 | +€843 | +7990.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,124 | -€128 | +€1,996 | +94.0% |
| Profit (loss) for the period | 9904 | -€2,124 | -€128 | +€1,996 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,124 | -€128 | +€1,996 | +94.0% |
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 5 October 2026 via checked.be.