BARAQUE: 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.
BARAQUE
Largest movements
- Receivables within one year +€27,831
up €27,831 (+189%), from €14,705 to €42,536
of which Trade receivables: +€27,823
- Cash -€15,951
down €15,951 (-63.8%), from €25,008 to €9,057
mainly Receivables within one year (-€27,831) and Other debts (-€27,577)
- Financial fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Profit (loss) carried forward +€52,900
up €52,900 (+20.5%), from -€257,669 to -€204,770
- Other debts -€27,577
down €27,577 (-19.3%), from €142,930 to €115,353
- Current portion of long-term debt -€11,113
no longer reported in 2025 (was €11,113)
- Tax, wage and social debts -€4,762
down €4,762 (-10.1%), from €46,948 to €42,186
of which Taxes: -€3,597
- Trade debts -€656
down €656 (-1.3%), from €49,307 to €48,651
- Gross operating margin +€19,790
up €19,790 (+8.6%), from €229,314 to €249,104
- Staff costs +€6,832
up €6,832 (+3.7%), from €184,201 to €191,033
- Depreciation -€3,920
down €3,920 (-97.8%), from €4,008 to €88
- Financial charges +€2,662
up €2,662 (+193%), from €1,380 to €4,043
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 | €43,168 | €51,960 | +€8,792 | +20.4% |
| Fixed assets | 21/28 | €3,088 | - | -€3,088 | |
| Tangible fixed assets | 22/27 | €88 | - | -€88 | |
| Furniture and vehicles | 24 | €88 | - | -€88 | |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €40,080 | €51,960 | +€11,880 | +29.6% |
| Amounts receivable within one year | 40/41 | €14,705 | €42,536 | +€27,831 | +189% |
| Trade receivables | 40 | €14,285 | €42,108 | +€27,823 | +195% |
| Other amounts receivable | 41 | €420 | €428 | +€8 | +1.8% |
| Cash at bank and in hand | 54/58 | €25,008 | €9,057 | -€15,951 | -63.8% |
| Deferred charges and accrued income | 490/1 | €367 | €367 | = | 0.0% |
| Total equity and liabilities | 10/49 | €43,168 | €51,960 | +€8,792 | +20.4% |
| Equity | 10/15 | -€207,130 | -€154,230 | +€52,900 | +25.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €539 | €539 | = | 0.0% |
| Distributable reserves | 133 | €539 | €539 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,669 | -€204,770 | +€52,900 | +20.5% |
| Amounts payable | 17/49 | €250,298 | €206,190 | -€44,108 | -17.6% |
| Amounts payable within one year | 42/48 | €250,298 | €206,190 | -€44,108 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €11,113 | - | -€11,113 | |
| Trade debts | 44 | €49,307 | €48,651 | -€656 | -1.3% |
| Suppliers | 440/4 | €49,307 | €48,651 | -€656 | -1.3% |
| Taxes, remuneration and social security | 45 | €46,948 | €42,186 | -€4,762 | -10.1% |
| Taxes | 450/3 | €16,192 | €12,595 | -€3,597 | -22.2% |
| Remuneration and social security | 454/9 | €30,756 | €29,590 | -€1,165 | -3.8% |
| Other amounts payable | 47/48 | €142,930 | €115,353 | -€27,577 | -19.3% |
| Non-recurring operating income | 76A | €768 | - | -€768 | |
| Remuneration, social security and pensions | 62 | €184,201 | €191,033 | +€6,832 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,008 | €88 | -€3,920 | -97.8% |
| Other operating charges | 640/8 | €966 | €842 | -€124 | -12.8% |
| Gross operating margin | 9900 | €229,314 | €249,104 | +€19,790 | +8.6% |
| Operating profit (loss) | 9901 | €40,139 | €57,141 | +€17,002 | +42.4% |
| Financial charges | 65/66B | €1,380 | €4,043 | +€2,662 | +193% |
| Recurring financial charges | 65 | €1,380 | €4,043 | +€2,662 | +193% |
| Profit (loss) for the period before taxes | 9903 | €38,759 | €53,099 | +€14,340 | +37.0% |
| Income taxes | 67/77 | €247 | €199 | -€48 | -19.5% |
| Profit (loss) for the period | 9904 | €38,511 | €52,900 | +€14,388 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,511 | €52,900 | +€14,388 | +37.4% |
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 15 October 2026 via checked.be.