BARBAROSSA STEVE: 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.
BARBAROSSA STEVE
Largest movements
- Cash -€15,094
down €15,094 (-79.7%), from €18,931 to €3,837
mainly Net result for the year (-€12,168) and Debts after one year (-€8,795)
- Tangible fixed assets -€7,998
down €7,998 (-50.9%), from €15,717 to €7,719
of which Plant, machinery and equipment: -€5,863
- Receivables within one year +€4,466
up €4,466 (+69.8%), from €6,399 to €10,865
of which Trade receivables: +€2,828
- Profit (loss) carried forward -€12,168
down €12,168 (-50.5%), from -€24,089 to -€36,257
- Debts after one year -€8,795
down €8,795 (-68.6%), from €12,815 to €4,021
- Trade debts +€4,155
up €4,155 (+98.5%), from €4,218 to €8,374
- Tax, wage and social debts -€2,814
down €2,814 (-30.6%), from €9,184 to €6,371
of which Remuneration and social security: -€2,878
- Current portion of long-term debt +€679
up €679 (+7.7%), from €8,795 to €9,474
- Turnover +€27,872
up €27,872 (+18.1%), from €154,413 to €182,285
- Staff costs +€20,139
up €20,139 (+78.3%), from €25,733 to €45,872
- Purchases and services +€13,037
up €13,037 (+10.3%), from €126,219 to €139,256
- Depreciation -€11,025
down €11,025 (-58.0%), from €19,022 to €7,998
- Gross operating margin -€3,975
down €3,975 (-8.5%), from €47,004 to €43,029
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 | €43,284 | €24,663 | -€18,621 | -43.0% |
| Fixed assets | 21/28 | €15,882 | €7,884 | -€7,998 | -50.4% |
| Tangible fixed assets | 22/27 | €15,717 | €7,719 | -€7,998 | -50.9% |
| Plant, machinery and equipment | 23 | €13,461 | €7,599 | -€5,863 | -43.6% |
| Furniture and vehicles | 24 | €2,256 | €121 | -€2,135 | -94.7% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €27,402 | €16,779 | -€10,623 | -38.8% |
| Amounts receivable within one year | 40/41 | €6,399 | €10,865 | +€4,466 | +69.8% |
| Trade receivables | 40 | €5,487 | €8,315 | +€2,828 | +51.5% |
| Other amounts receivable | 41 | €912 | €2,550 | +€1,638 | +180% |
| Cash at bank and in hand | 54/58 | €18,931 | €3,837 | -€15,094 | -79.7% |
| Deferred charges and accrued income | 490/1 | €2,072 | €2,076 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €43,284 | €24,663 | -€18,621 | -43.0% |
| Equity | 10/15 | €5,912 | -€6,256 | -€12,168 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,401 | €11,401 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,541 | €9,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,089 | -€36,257 | -€12,168 | -50.5% |
| Investment grants | 15 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €37,372 | €30,919 | -€6,453 | -17.3% |
| Amounts payable after more than one year | 17 | €12,815 | €4,021 | -€8,795 | -68.6% |
| Financial debts | 170/4 | €12,815 | €4,021 | -€8,795 | -68.6% |
| Amounts payable within one year | 42/48 | €24,557 | €26,898 | +€2,341 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €8,795 | €9,474 | +€679 | +7.7% |
| Trade debts | 44 | €4,218 | €8,374 | +€4,155 | +98.5% |
| Suppliers | 440/4 | €4,218 | €8,374 | +€4,155 | +98.5% |
| Taxes, remuneration and social security | 45 | €9,184 | €6,371 | -€2,814 | -30.6% |
| Taxes | 450/3 | €415 | €479 | +€64 | +15.4% |
| Remuneration and social security | 454/9 | €8,769 | €5,892 | -€2,878 | -32.8% |
| Other amounts payable | 47/48 | €2,359 | €2,680 | +€321 | +13.6% |
| Turnover | 70 | €154,413 | €182,285 | +€27,872 | +18.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €126,219 | €139,256 | +€13,037 | +10.3% |
| Remuneration, social security and pensions | 62 | €25,733 | €45,872 | +€20,139 | +78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,022 | €7,998 | -€11,025 | -58.0% |
| Other operating charges | 640/8 | €479 | €613 | +€134 | +28.0% |
| Gross operating margin | 9900 | €47,004 | €43,029 | -€3,975 | -8.5% |
| Operating profit (loss) | 9901 | €1,770 | -€11,453 | -€13,223 | |
| Financial income | 75/76B | €476 | €296 | -€180 | -37.8% |
| Recurring financial income | 75 | €476 | €296 | -€180 | -37.8% |
| Financial charges | 65/66B | €1,292 | €1,010 | -€282 | -21.8% |
| Recurring financial charges | 65 | €1,292 | €1,010 | -€282 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €953 | -€12,168 | -€13,121 | |
| Profit (loss) for the period | 9904 | €953 | -€12,168 | -€13,121 | |
| Profit (loss) for the period to be appropriated | 9905 | €953 | -€12,168 | -€13,121 |
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 17 October 2026 via checked.be.