Barbarossa: 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.
Barbarossa
Largest movements
- Tangible fixed assets -€13,444
down €13,444 (-5.5%), from €246,428 to €232,984
- Other debts -€23,500
down €23,500 (-45.5%), from €51,660 to €28,160
- Reserves +€18,971
up €18,971 (+22.1%), from €85,655 to €104,626
of which Distributable reserves: +€18,971
- Debts after one year -€7,600
down €7,600 (-22.2%), from €34,200 to €26,600
- Gross operating margin +€4,435
up €4,435 (+10.6%), from €42,030 to €46,464
- Taxes +€1,463
up €1,463 (+19.8%), from €7,390 to €8,853
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 | €250,078 | €239,411 | -€10,667 | -4.3% |
| Fixed assets | 21/28 | €246,428 | €232,984 | -€13,444 | -5.5% |
| Tangible fixed assets | 22/27 | €246,428 | €232,984 | -€13,444 | -5.5% |
| Land and buildings | 22 | €246,428 | €232,984 | -€13,444 | -5.5% |
| Current assets | 29/58 | €3,650 | €6,427 | +€2,777 | +76.1% |
| Cash at bank and in hand | 54/58 | €3,650 | €5,910 | +€2,260 | +61.9% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €250,078 | €239,411 | -€10,667 | -4.3% |
| Equity | 10/15 | €155,228 | €174,198 | +€18,971 | +12.2% |
| Contributions | 10/11 | €34,705 | €34,705 | = | 0.0% |
| Reserves | 13 | €85,655 | €104,626 | +€18,971 | +22.1% |
| Non-distributable reserves | 130/1 | €3,521 | €3,521 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,521 | €3,521 | = | 0.0% |
| Distributable reserves | 133 | €82,135 | €101,105 | +€18,971 | +23.1% |
| Profit (loss) carried forward | 14 | €34,867 | €34,867 | = | 0.0% |
| Amounts payable | 17/49 | €94,850 | €65,213 | -€29,637 | -31.2% |
| Amounts payable after more than one year | 17 | €34,200 | €26,600 | -€7,600 | -22.2% |
| Financial debts | 170/4 | €34,200 | €26,600 | -€7,600 | -22.2% |
| Amounts payable within one year | 42/48 | €60,650 | €38,613 | -€22,037 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €7,600 | €7,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,390 | €2,853 | +€1,463 | +105.2% |
| Taxes | 450/3 | €1,390 | €2,853 | +€1,463 | +105.2% |
| Other amounts payable | 47/48 | €51,660 | €28,160 | -€23,500 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,444 | €13,444 | = | 0.0% |
| Other operating charges | 640/8 | €2,303 | €2,389 | +€86 | +3.7% |
| Gross operating margin | 9900 | €42,030 | €46,464 | +€4,435 | +10.6% |
| Operating profit (loss) | 9901 | €26,283 | €30,632 | +€4,349 | +16.5% |
| Financial charges | 65/66B | €3,057 | €2,809 | -€249 | -8.1% |
| Recurring financial charges | 65 | €3,057 | €2,809 | -€249 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €23,226 | €27,823 | +€4,598 | +19.8% |
| Income taxes | 67/77 | €7,390 | €8,853 | +€1,463 | +19.8% |
| Profit (loss) for the period | 9904 | €15,836 | €18,971 | +€3,135 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,836 | €18,971 | +€3,135 | +19.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.