BARANOWSKI: 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.
BARANOWSKI
Largest movements
- Receivables within one year +€19,267
up €19,267 (+35.3%), from €54,584 to €73,851
of which Trade receivables: +€15,123
- Tangible fixed assets -€8,414
down €8,414 (-5.2%), from €160,631 to €152,218
of which Land and buildings: -€9,250
- Receivables after one year -€3,443
down €3,443 (-43.8%), from €7,852 to €4,410
- Cash -€3,112
down €3,112 (-35.2%), from €8,850 to €5,738
mainly Receivables within one year (-€19,267) and Debts after one year (-€18,504)
- Debts after one year -€18,504
down €18,504 (-17.9%), from €103,157 to €84,653
- Tax, wage and social debts +€8,276
up €8,276 (+389.7%), from €2,124 to €10,400
of which Remuneration and social security: +€7,710
- Reserves +€6,603
up €6,603 (+11.7%), from €56,421 to €63,024
- Trade debts +€6,452
up €6,452 (+24.1%), from €26,768 to €33,221
- Other operating charges +€6,753
up €6,753 (+422.1%), from €1,600 to €8,353
- Gross operating margin +€2,176
up €2,176 (+5.9%), from €36,710 to €38,886
- Depreciation -€1,819
down €1,819 (-9.2%), from €19,728 to €17,909
- Taxes -€726
down €726 (-21.5%), from €3,374 to €2,648
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,156 | €239,857 | +€3,701 | +1.6% |
| Fixed assets | 21/28 | €160,991 | €152,578 | -€8,414 | -5.2% |
| Tangible fixed assets | 22/27 | €160,631 | €152,218 | -€8,414 | -5.2% |
| Land and buildings | 22 | €111,000 | €101,750 | -€9,250 | -8.3% |
| Plant, machinery and equipment | 23 | €45 | €1,523 | +€1,478 | +3280.7% |
| Furniture and vehicles | 24 | €49,586 | €48,945 | -€641 | -1.3% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €75,165 | €87,280 | +€12,115 | +16.1% |
| Amounts receivable after more than one year | 29 | €7,852 | €4,410 | -€3,443 | -43.8% |
| Other amounts receivable | 291 | €7,852 | €4,410 | -€3,443 | -43.8% |
| Stocks and contracts in progress | 3 | €594 | €526 | -€68 | -11.4% |
| Stocks | 30/36 | €594 | €526 | -€68 | -11.4% |
| Amounts receivable within one year | 40/41 | €54,584 | €73,851 | +€19,267 | +35.3% |
| Trade receivables | 40 | €47,288 | €62,411 | +€15,123 | +32.0% |
| Other amounts receivable | 41 | €7,296 | €11,440 | +€4,144 | +56.8% |
| Cash at bank and in hand | 54/58 | €8,850 | €5,738 | -€3,112 | -35.2% |
| Deferred charges and accrued income | 490/1 | €3,284 | €2,755 | -€530 | -16.1% |
| Total equity and liabilities | 10/49 | €236,156 | €239,857 | +€3,701 | +1.6% |
| Equity | 10/15 | €75,021 | €81,624 | +€6,603 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,421 | €63,024 | +€6,603 | +11.7% |
| Distributable reserves | 133 | €56,421 | €63,024 | +€6,603 | +11.7% |
| Amounts payable | 17/49 | €161,135 | €158,233 | -€2,901 | -1.8% |
| Amounts payable after more than one year | 17 | €103,157 | €84,653 | -€18,504 | -17.9% |
| Financial debts | 170/4 | €103,157 | €84,653 | -€18,504 | -17.9% |
| Amounts payable within one year | 42/48 | €57,977 | €73,580 | +€15,603 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €17,804 | €18,504 | +€700 | +3.9% |
| Trade debts | 44 | €26,768 | €33,221 | +€6,452 | +24.1% |
| Suppliers | 440/4 | €26,768 | €33,221 | +€6,452 | +24.1% |
| Taxes, remuneration and social security | 45 | €2,124 | €10,400 | +€8,276 | +389.7% |
| Taxes | 450/3 | - | €566 | +€566 | |
| Remuneration and social security | 454/9 | €2,124 | €9,834 | +€7,710 | +363.0% |
| Other amounts payable | 47/48 | €11,281 | €11,455 | +€174 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,728 | €17,909 | -€1,819 | -9.2% |
| Other operating charges | 640/8 | €1,600 | €8,353 | +€6,753 | +422.1% |
| Gross operating margin | 9900 | €36,710 | €38,886 | +€2,176 | +5.9% |
| Operating profit (loss) | 9901 | €15,382 | €12,625 | -€2,757 | -17.9% |
| Financial income | 75/76B | €338 | €196 | -€141 | -41.9% |
| Recurring financial income | 75 | €338 | €196 | -€141 | -41.9% |
| Financial charges | 65/66B | €3,401 | €3,570 | +€169 | +5.0% |
| Recurring financial charges | 65 | €3,401 | €3,570 | +€169 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €12,319 | €9,250 | -€3,068 | -24.9% |
| Income taxes | 67/77 | €3,374 | €2,648 | -€726 | -21.5% |
| Profit (loss) for the period | 9904 | €8,945 | €6,603 | -€2,342 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,945 | €6,603 | -€2,342 | -26.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.