BARAYE: 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.
BARAYE
Largest movements
- Cash +€14,582
up €14,582 (+5.9%), from €245,292 to €259,874
mainly Net result for the year (+€84,332) and Trade debts (+€2,775)
- Tangible fixed assets +€5,341
up €5,341 (+97.9%), from €5,458 to €10,800
- Receivables within one year +€3,872
up €3,872 (+26.7%), from €14,520 to €18,392
- Reserves +€84,332
up €84,332 (+52.0%), from €162,130 to €246,462
of which Distributable reserves: +€42,232
- Tax, wage and social debts -€52,421
down €52,421 (-65.0%), from €80,602 to €28,180
- Other debts -€11,369
down €11,369 (-57.1%), from €19,916 to €8,547
- Gross operating margin -€116,928
down €116,928 (-49.7%), from €235,198 to €118,270
- Taxes -€42,409
down €42,409 (-59.7%), from €71,069 to €28,660
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 | €265,586 | €289,611 | +€24,025 | +9.0% |
| Fixed assets | 21/28 | €5,458 | €10,800 | +€5,341 | +97.9% |
| Tangible fixed assets | 22/27 | €5,458 | €10,800 | +€5,341 | +97.9% |
| Furniture and vehicles | 24 | €5,458 | €10,800 | +€5,341 | +97.9% |
| Current assets | 29/58 | €260,128 | €278,812 | +€18,684 | +7.2% |
| Amounts receivable within one year | 40/41 | €14,520 | €18,392 | +€3,872 | +26.7% |
| Trade receivables | 40 | €14,520 | €18,392 | +€3,872 | +26.7% |
| Cash at bank and in hand | 54/58 | €245,292 | €259,874 | +€14,582 | +5.9% |
| Deferred charges and accrued income | 490/1 | €316 | €546 | +€230 | +72.8% |
| Total equity and liabilities | 10/49 | €265,586 | €289,611 | +€24,025 | +9.0% |
| Equity | 10/15 | €163,130 | €247,462 | +€84,332 | +51.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €162,130 | €246,462 | +€84,332 | +52.0% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €162,130 | €204,362 | +€42,232 | +26.0% |
| Amounts payable | 17/49 | €102,455 | €42,149 | -€60,307 | -58.9% |
| Amounts payable within one year | 42/48 | €102,455 | €41,440 | -€61,016 | -59.6% |
| Trade debts | 44 | €1,938 | €4,713 | +€2,775 | +143.2% |
| Suppliers | 440/4 | €1,938 | €4,713 | +€2,775 | +143.2% |
| Taxes, remuneration and social security | 45 | €80,602 | €28,180 | -€52,421 | -65.0% |
| Taxes | 450/3 | €80,602 | €28,180 | -€52,421 | -65.0% |
| Other amounts payable | 47/48 | €19,916 | €8,547 | -€11,369 | -57.1% |
| Accrued charges and deferred income | 492/3 | - | €709 | +€709 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,557 | €2,585 | +€1,028 | +66.0% |
| Other operating charges | 640/8 | €333 | €335 | +€2 | +0.6% |
| Gross operating margin | 9900 | €235,198 | €118,270 | -€116,928 | -49.7% |
| Operating profit (loss) | 9901 | €233,308 | €115,350 | -€117,958 | -50.6% |
| Financial charges | 65/66B | €108 | €2,358 | +€2,250 | +2083.1% |
| Recurring financial charges | 65 | €108 | €2,358 | +€2,250 | +2083.1% |
| Profit (loss) for the period before taxes | 9903 | €233,200 | €112,992 | -€120,208 | -51.5% |
| Income taxes | 67/77 | €71,069 | €28,660 | -€42,409 | -59.7% |
| Profit (loss) for the period | 9904 | €162,130 | €84,332 | -€77,798 | -48.0% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €162,130 | €42,232 | -€119,898 | -74.0% |
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 8 October 2026 via checked.be.