BARBE DAVID: 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.
BARBE DAVID
Largest movements
- Cash +€21,655
up €21,655 (+16.8%), from €129,177 to €150,832
mainly Net result for the year (+€20,983) and Depreciation (+€10,420)
- Deferred charges and accrued income +€8,811
up €8,811 (+137%), from €6,414 to €15,225
- Receivables within one year -€8,208
down €8,208 (-35.1%), from €23,393 to €15,185
of which Trade receivables: -€8,701
- Reserves +€22,843
up €22,843 (+16.5%), from €138,740 to €161,584
- Tax, wage and social debts +€4,581
up €4,581 (+302%), from €1,518 to €6,100
- Trade debts -€2,955
down €2,955 (-65.4%), from €4,520 to €1,565
- Other debts -€2,748
down €2,748 (-99.5%), from €2,762 to €15
- Gross operating margin +€5,629
up €5,629 (+14.5%), from €38,884 to €44,513
- Depreciation -€3,431
down €3,431 (-24.8%), from €13,851 to €10,420
- Taxes +€2,044
up €2,044 (+23.8%), from €8,573 to €10,617
- Other operating charges +€451
up €451 (+26.3%), from €1,716 to €2,167
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 | €189,012 | €210,416 | +€21,404 | +11.3% |
| Fixed assets | 21/28 | €23,806 | €22,766 | -€1,039 | -4.4% |
| Tangible fixed assets | 22/27 | €13,806 | €12,766 | -€1,039 | -7.5% |
| Land and buildings | 22 | €7,749 | €0 | -€7,749 | -100% |
| Plant, machinery and equipment | 23 | €2,330 | €3,133 | +€803 | +34.5% |
| Furniture and vehicles | 24 | €3,727 | €9,634 | +€5,907 | +158% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €165,206 | €187,649 | +€22,443 | +13.6% |
| Stocks and contracts in progress | 3 | €6,223 | €6,408 | +€185 | +3.0% |
| Stocks | 30/36 | €6,223 | €6,408 | +€185 | +3.0% |
| Amounts receivable within one year | 40/41 | €23,393 | €15,185 | -€8,208 | -35.1% |
| Trade receivables | 40 | €19,015 | €10,314 | -€8,701 | -45.8% |
| Other amounts receivable | 41 | €4,377 | €4,870 | +€493 | +11.3% |
| Cash at bank and in hand | 54/58 | €129,177 | €150,832 | +€21,655 | +16.8% |
| Deferred charges and accrued income | 490/1 | €6,414 | €15,225 | +€8,811 | +137% |
| Total equity and liabilities | 10/49 | €189,012 | €210,416 | +€21,404 | +11.3% |
| Equity | 10/15 | €180,211 | €201,195 | +€20,983 | +11.6% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Reserves | 13 | €138,740 | €161,584 | +€22,843 | +16.5% |
| Distributable reserves | 133 | €138,740 | €161,584 | +€22,843 | +16.5% |
| Profit (loss) carried forward | 14 | €33,411 | €33,411 | = | 0.0% |
| Amounts payable | 17/49 | €8,801 | €9,221 | +€421 | +4.8% |
| Amounts payable within one year | 42/48 | €8,801 | €7,721 | -€1,079 | -12.3% |
| Financial debts | 43 | - | €42 | +€42 | |
| Credit institutions | 430/8 | - | €42 | +€42 | |
| Trade debts | 44 | €4,520 | €1,565 | -€2,955 | -65.4% |
| Suppliers | 440/4 | €4,520 | €1,565 | -€2,955 | -65.4% |
| Taxes, remuneration and social security | 45 | €1,518 | €6,100 | +€4,581 | +302% |
| Taxes | 450/3 | €1,518 | €6,100 | +€4,581 | +302% |
| Other amounts payable | 47/48 | €2,762 | €15 | -€2,748 | -99.5% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,851 | €10,420 | -€3,431 | -24.8% |
| Other operating charges | 640/8 | €1,716 | €2,167 | +€451 | +26.3% |
| Non-recurring operating charges | 66A | - | €249 | +€249 | |
| Gross operating margin | 9900 | €38,884 | €44,513 | +€5,629 | +14.5% |
| Operating profit (loss) | 9901 | €23,317 | €31,676 | +€8,359 | +35.8% |
| Financial income | 75/76B | €391 | €583 | +€192 | +49.2% |
| Recurring financial income | 75 | €391 | €583 | +€192 | +49.2% |
| Financial charges | 65/66B | €1,067 | €659 | -€408 | -38.2% |
| Recurring financial charges | 65 | €1,067 | €659 | -€408 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €22,641 | €31,600 | +€8,959 | +39.6% |
| Income taxes | 67/77 | €8,573 | €10,617 | +€2,044 | +23.8% |
| Profit (loss) for the period | 9904 | €14,069 | €20,983 | +€6,915 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,069 | €20,983 | +€6,915 | +49.1% |
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 29 October 2026 via checked.be.