BARANDAT: 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.
BARANDAT
Largest movements
- Cash -€43,677
down €43,677 (-44.4%), from €98,313 to €54,636
mainly Investment in fixed assets (net) (-€68,421) and Contributions, distributions and other (-€24,652)
- Tangible fixed assets +€30,648
up €30,648 (+1,611%), from €1,902 to €32,550
- Financial fixed assets +€29,268
up €29,268 (+42.9%), from €68,294 to €97,561
- Other debts +€28,107
up €28,107 (+92.9%), from €30,261 to €58,368
- Reserves +€19,712
up €19,712 (+20.4%), from €96,617 to €116,329
- Trade debts -€13,232
down €13,232 (-66.3%), from €19,951 to €6,719
of which Suppliers: -€13,251
- Accrued charges and deferred income -€8,768
down €8,768 (-87.0%), from €10,082 to €1,314
- Tax, wage and social debts -€7,298
no longer reported in 2025 (was €7,298)
- Gross operating margin +€40,367
up €40,367 (+170%), from €23,796 to €64,163
- Depreciation +€7,638
up €7,638 (+880%), from €868 to €8,506
- Taxes +€5,545
up €5,545 (+120%), from €4,622 to €10,166
- Financial income +€3,855
up €3,855 (+589%), from €654 to €4,510
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 | €171,209 | €189,731 | +€18,522 | +10.8% |
| Fixed assets | 21/28 | €70,196 | €130,111 | +€59,916 | +85.4% |
| Tangible fixed assets | 22/27 | €1,902 | €32,550 | +€30,648 | +1,611% |
| Furniture and vehicles | 24 | €1,902 | €32,550 | +€30,648 | +1,611% |
| Financial fixed assets | 28 | €68,294 | €97,561 | +€29,268 | +42.9% |
| Current assets | 29/58 | €101,014 | €59,620 | -€41,394 | -41.0% |
| Amounts receivable within one year | 40/41 | €170 | €1,540 | +€1,370 | +804% |
| Trade receivables | 40 | €170 | €355 | +€184 | +108% |
| Other amounts receivable | 41 | - | €1,186 | +€1,186 | |
| Cash at bank and in hand | 54/58 | €98,313 | €54,636 | -€43,677 | -44.4% |
| Deferred charges and accrued income | 490/1 | €2,530 | €3,443 | +€913 | +36.1% |
| Total equity and liabilities | 10/49 | €171,209 | €189,731 | +€18,522 | +10.8% |
| Equity | 10/15 | €103,617 | €123,329 | +€19,712 | +19.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €96,617 | €116,329 | +€19,712 | +20.4% |
| Distributable reserves | 133 | €96,617 | €116,329 | +€19,712 | +20.4% |
| Amounts payable | 17/49 | €67,592 | €66,402 | -€1,191 | -1.8% |
| Amounts payable within one year | 42/48 | €57,511 | €65,088 | +€7,577 | +13.2% |
| Trade debts | 44 | €19,951 | €6,719 | -€13,232 | -66.3% |
| Suppliers | 440/4 | €17,872 | €4,621 | -€13,251 | -74.1% |
| Bills of exchange payable | 441 | €2,079 | €2,098 | +€19 | +0.9% |
| Taxes, remuneration and social security | 45 | €7,298 | - | -€7,298 | |
| Taxes | 450/3 | €7,298 | - | -€7,298 | |
| Other amounts payable | 47/48 | €30,261 | €58,368 | +€28,107 | +92.9% |
| Accrued charges and deferred income | 492/3 | €10,082 | €1,314 | -€8,768 | -87.0% |
| Remuneration, social security and pensions | 62 | €2,352 | €2,384 | +€32 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €868 | €8,506 | +€7,638 | +880% |
| Other operating charges | 640/8 | €269 | €276 | +€7 | +2.5% |
| Gross operating margin | 9900 | €23,796 | €64,163 | +€40,367 | +170% |
| Operating profit (loss) | 9901 | €20,307 | €52,998 | +€32,691 | +161% |
| Financial income | 75/76B | €654 | €4,510 | +€3,855 | +589% |
| Recurring financial income | 75 | €654 | €4,510 | +€3,855 | +589% |
| Financial charges | 65/66B | €2,559 | €2,977 | +€418 | +16.3% |
| Recurring financial charges | 65 | €2,559 | €2,977 | +€418 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €18,401 | €54,530 | +€36,129 | +196% |
| Income taxes | 67/77 | €4,622 | €10,166 | +€5,545 | +120% |
| Profit (loss) for the period | 9904 | €13,780 | €44,364 | +€30,584 | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €13,780 | €44,364 | +€30,584 | +222% |
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 16 October 2026 via checked.be.