Barbé-Borloo: 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.
Barbé-Borloo
Largest movements
- Current investments +€206,977
up €206,977 (+517%), from €40,000 to €246,977
- Intangible fixed assets -€58,036
down €58,036 (-17.4%), from €334,073 to €276,037
- Cash +€44,887
up €44,887 (+63.4%), from €70,771 to €115,658
mainly Net result for the year (+€240,402) and Depreciation (+€135,846)
- Tangible fixed assets -€34,986
down €34,986 (-9.0%), from €389,082 to €354,096
of which Other tangible fixed assets: -€43,644
- Receivables within one year -€23,301
down €23,301 (-100%), from €23,301 to €0
of which Other amounts receivable: -€23,140
- Other debts +€135,416
up €135,416 (+210%), from €64,584 to €200,000
- Debts after one year -€46,829
down €46,829 (-15.6%), from €299,923 to €253,094
- Reserves +€40,402
up €40,402 (+11.9%), from €338,569 to €378,971
- Accrued charges and deferred income -€32,000
down €32,000 (-100%), from €32,000 to €0
- Tax, wage and social debts +€19,693
up €19,693 (+20.1%), from €98,043 to €117,736
of which Taxes: +€21,532
- Staff costs -€67,572
down €67,572 (-13.1%), from €516,800 to €449,228
- Taxes +€22,252
up €22,252 (+33.7%), from €66,078 to €88,330
- Gross operating margin +€21,116
up €21,116 (+2.4%), from €888,162 to €909,278
- Financial income +€15,926
up €15,926 (+66,496%), from €24 to €15,950
- Financial charges -€10,025
down €10,025 (-67.9%), from €14,762 to €4,737
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 | €968,427 | €1,105,667 | +€137,241 | +14.2% |
| Fixed assets | 21/28 | €723,155 | €630,133 | -€93,022 | -12.9% |
| Intangible fixed assets | 21 | €334,073 | €276,037 | -€58,036 | -17.4% |
| Tangible fixed assets | 22/27 | €389,082 | €354,096 | -€34,986 | -9.0% |
| Land and buildings | 22 | €72,697 | €62,946 | -€9,751 | -13.4% |
| Plant, machinery and equipment | 23 | €2,751 | €7,614 | +€4,863 | +177% |
| Furniture and vehicles | 24 | €27,564 | €41,111 | +€13,546 | +49.1% |
| Other tangible fixed assets | 26 | €286,069 | €242,425 | -€43,644 | -15.3% |
| Current assets | 29/58 | €245,272 | €475,535 | +€230,263 | +93.9% |
| Amounts receivable within one year | 40/41 | €23,301 | €0 | -€23,301 | -100% |
| Trade receivables | 40 | €161 | €0 | -€161 | -100% |
| Other amounts receivable | 41 | €23,140 | €0 | -€23,140 | -100% |
| Current investments | 50/53 | €40,000 | €246,977 | +€206,977 | +517% |
| Cash at bank and in hand | 54/58 | €70,771 | €115,658 | +€44,887 | +63.4% |
| Deferred charges and accrued income | 490/1 | €111,200 | €112,900 | +€1,700 | +1.5% |
| Total equity and liabilities | 10/49 | €968,427 | €1,105,667 | +€137,241 | +14.2% |
| Equity | 10/15 | €357,569 | €397,971 | +€40,402 | +11.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €338,569 | €378,971 | +€40,402 | +11.9% |
| Distributable reserves | 133 | €338,569 | €378,971 | +€40,402 | +11.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €610,858 | €707,696 | +€96,838 | +15.9% |
| Amounts payable after more than one year | 17 | €299,923 | €253,094 | -€46,829 | -15.6% |
| Financial debts | 170/4 | €299,923 | €253,094 | -€46,829 | -15.6% |
| Amounts payable within one year | 42/48 | €278,934 | €454,602 | +€175,668 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €67,474 | €71,705 | +€4,231 | +6.3% |
| Financial debts | 43 | - | €1,549 | +€1,549 | |
| Other loans | 439 | - | €1,549 | +€1,549 | |
| Trade debts | 44 | €48,833 | €63,612 | +€14,779 | +30.3% |
| Suppliers | 440/4 | €48,833 | €63,612 | +€14,779 | +30.3% |
| Taxes, remuneration and social security | 45 | €98,043 | €117,736 | +€19,693 | +20.1% |
| Taxes | 450/3 | €49,727 | €71,259 | +€21,532 | +43.3% |
| Remuneration and social security | 454/9 | €48,316 | €46,476 | -€1,839 | -3.8% |
| Other amounts payable | 47/48 | €64,584 | €200,000 | +€135,416 | +210% |
| Accrued charges and deferred income | 492/3 | €32,000 | €0 | -€32,000 | -100% |
| Non-recurring operating income | 76A | €2,453 | €1,531 | -€922 | -37.6% |
| Remuneration, social security and pensions | 62 | €516,800 | €449,228 | -€67,572 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,744 | €135,846 | -€1,898 | -1.4% |
| Other operating charges | 640/8 | €5,931 | €6,684 | +€753 | +12.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €888,162 | €909,278 | +€21,116 | +2.4% |
| Operating profit (loss) | 9901 | €227,687 | €317,520 | +€89,833 | +39.5% |
| Financial income | 75/76B | €24 | €15,950 | +€15,926 | +66,496% |
| Recurring financial income | 75 | €24 | €15,950 | +€15,926 | +66,496% |
| Financial charges | 65/66B | €14,762 | €4,737 | -€10,025 | -67.9% |
| Recurring financial charges | 65 | €14,762 | €4,737 | -€10,025 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €212,948 | €328,732 | +€115,783 | +54.4% |
| Income taxes | 67/77 | €66,078 | €88,330 | +€22,252 | +33.7% |
| Profit (loss) for the period | 9904 | €146,870 | €240,402 | +€93,532 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €146,870 | €240,402 | +€93,532 | +63.7% |
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 14 October 2026 via checked.be.