BARBAY XAVIER: 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.
BARBAY XAVIER
Largest movements
- Receivables within one year +€39,026
up €39,026 (+78.2%), from €49,902 to €88,928
of which Trade receivables: +€50,056
- Tangible fixed assets +€36,084
up €36,084 (+19.1%), from €188,763 to €224,847
of which Furniture and vehicles: +€58,823
- Deferred charges and accrued income +€5,852
up €5,852 (+179%), from €3,275 to €9,127
- Other debts +€33,877
up €33,877 (+532%), from €6,362 to €40,239
- Trade debts +€31,132
up €31,132 (+1,573%), from €1,979 to €33,111
- Debts after one year +€23,278
up €23,278 (+24.9%), from €93,518 to €116,796
- Tax, wage and social debts -€19,590
down €19,590 (-54.1%), from €36,200 to €16,610
of which Remuneration and social security: -€24,935
- Current portion of long-term debt +€12,931
up €12,931 (+47.5%), from €27,249 to €40,180
- Staff costs +€13,922
new in 2025: €13,922
- Depreciation +€13,452
up €13,452 (+32.4%), from €41,463 to €54,915
- Taxes -€3,265
down €3,265 (-38.7%), from €8,432 to €5,167
- Gross operating margin +€3,204
up €3,204 (+4.2%), from €76,734 to €79,938
- Financial charges +€3,078
up €3,078 (+130%), from €2,376 to €5,454
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 | €262,007 | €341,188 | +€79,181 | +30.2% |
| Fixed assets | 21/28 | €188,763 | €224,847 | +€36,084 | +19.1% |
| Tangible fixed assets | 22/27 | €188,763 | €224,847 | +€36,084 | +19.1% |
| Plant, machinery and equipment | 23 | €98,926 | €76,187 | -€22,739 | -23.0% |
| Furniture and vehicles | 24 | €89,837 | €148,660 | +€58,823 | +65.5% |
| Current assets | 29/58 | €73,244 | €116,341 | +€43,097 | +58.8% |
| Amounts receivable within one year | 40/41 | €49,902 | €88,928 | +€39,026 | +78.2% |
| Trade receivables | 40 | €31,158 | €81,214 | +€50,056 | +161% |
| Other amounts receivable | 41 | €18,744 | €7,714 | -€11,030 | -58.8% |
| Cash at bank and in hand | 54/58 | €20,067 | €18,286 | -€1,781 | -8.9% |
| Deferred charges and accrued income | 490/1 | €3,275 | €9,127 | +€5,852 | +179% |
| Total equity and liabilities | 10/49 | €262,007 | €341,188 | +€79,181 | +30.2% |
| Equity | 10/15 | €96,699 | €94,252 | -€2,447 | -2.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,199 | €57,752 | -€2,447 | -4.1% |
| Amounts payable | 17/49 | €165,308 | €246,936 | +€81,628 | +49.4% |
| Amounts payable after more than one year | 17 | €93,518 | €116,796 | +€23,278 | +24.9% |
| Financial debts | 170/4 | €93,518 | €116,796 | +€23,278 | +24.9% |
| Amounts payable within one year | 42/48 | €71,790 | €130,140 | +€58,350 | +81.3% |
| Current portion of amounts payable after more than one year | 42 | €27,249 | €40,180 | +€12,931 | +47.5% |
| Trade debts | 44 | €1,979 | €33,111 | +€31,132 | +1,573% |
| Suppliers | 440/4 | €1,979 | €33,111 | +€31,132 | +1,573% |
| Taxes, remuneration and social security | 45 | €36,200 | €16,610 | -€19,590 | -54.1% |
| Taxes | 450/3 | €8,600 | €13,945 | +€5,345 | +62.2% |
| Remuneration and social security | 454/9 | €27,600 | €2,665 | -€24,935 | -90.3% |
| Other amounts payable | 47/48 | €6,362 | €40,239 | +€33,877 | +532% |
| Remuneration, social security and pensions | 62 | - | €13,922 | +€13,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,463 | €54,915 | +€13,452 | +32.4% |
| Other operating charges | 640/8 | €728 | €3,024 | +€2,296 | +315% |
| Gross operating margin | 9900 | €76,734 | €79,938 | +€3,204 | +4.2% |
| Operating profit (loss) | 9901 | €34,543 | €8,077 | -€26,466 | -76.6% |
| Financial income | 75/76B | €530 | €97 | -€433 | -81.7% |
| Recurring financial income | 75 | €530 | €97 | -€433 | -81.7% |
| Financial charges | 65/66B | €2,376 | €5,454 | +€3,078 | +130% |
| Recurring financial charges | 65 | €2,376 | €5,454 | +€3,078 | +130% |
| Profit (loss) for the period before taxes | 9903 | €32,697 | €2,720 | -€29,977 | -91.7% |
| Income taxes | 67/77 | €8,432 | €5,167 | -€3,265 | -38.7% |
| Profit (loss) for the period | 9904 | €24,265 | -€2,447 | -€26,712 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,265 | -€2,447 | -€26,712 |
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 23 October 2026 via checked.be.