BARBEAU: 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.
BARBEAU
Largest movements
- Cash -€16,465
down €16,465 (-66.2%), from €24,876 to €8,411
mainly Other debts (-€66,994) and Net result for the year (-€22,292)
- Tangible fixed assets -€2,490
down €2,490 (-4.3%), from €58,409 to €55,919
of which Other tangible fixed assets: -€2,900
- Other debts -€66,994
no longer reported in 2025 (was €66,994)
- Debts after one year +€61,396
up €61,396 (+117.1%), from €52,422 to €113,818
of which Financial debts: +€113,818
- Profit (loss) carried forward -€22,293
down €22,293 (-41.4%), from -€53,845 to -€76,138
- Tax, wage and social debts +€6,995
up €6,995 (+314.8%), from €2,222 to €9,217
- Trade debts +€2,741
up €2,741 (+102.6%), from €2,671 to €5,412
- Gross operating margin -€90,479
down €90,479 (-83.1%), from €108,919 to €18,440
- Staff costs -€52,520
down €52,520 (-61.9%), from €84,829 to €32,310
- Other operating charges -€3,349
down €3,349 (-57.6%), from €5,813 to €2,464
- Financial charges -€2,050
down €2,050 (-93.0%), from €2,204 to €154
- Depreciation -€1,124
down €1,124 (-16.7%), from €6,743 to €5,619
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 | €101,128 | €82,973 | -€18,155 | -18.0% |
| Fixed assets | 21/28 | €58,409 | €55,919 | -€2,490 | -4.3% |
| Tangible fixed assets | 22/27 | €58,409 | €55,919 | -€2,490 | -4.3% |
| Land and buildings | 22 | €37,838 | €37,838 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €3,275 | €5,156 | +€1,881 | +57.4% |
| Furniture and vehicles | 24 | €1,471 | - | -€1,471 | |
| Other tangible fixed assets | 26 | €15,825 | €12,925 | -€2,900 | -18.3% |
| Current assets | 29/58 | €42,719 | €27,053 | -€15,666 | -36.7% |
| Stocks and contracts in progress | 3 | €5,519 | €5,553 | +€34 | +0.6% |
| Stocks | 30/36 | €5,519 | €5,553 | +€34 | +0.6% |
| Amounts receivable within one year | 40/41 | €12,324 | €13,090 | +€766 | +6.2% |
| Trade receivables | 40 | €1,404 | €13,090 | +€11,686 | +832.3% |
| Other amounts receivable | 41 | €10,920 | - | -€10,920 | |
| Cash at bank and in hand | 54/58 | €24,876 | €8,411 | -€16,465 | -66.2% |
| Total equity and liabilities | 10/49 | €101,128 | €82,973 | -€18,155 | -18.0% |
| Equity | 10/15 | -€33,394 | -€55,687 | -€22,293 | -66.8% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€53,845 | -€76,138 | -€22,293 | -41.4% |
| Amounts payable | 17/49 | €134,522 | €138,660 | +€4,138 | +3.1% |
| Amounts payable after more than one year | 17 | €52,422 | €113,818 | +€61,396 | +117.1% |
| Financial debts | 170/4 | - | €113,818 | +€113,818 | |
| Other amounts payable | 178/9 | €52,422 | - | -€52,422 | |
| Amounts payable within one year | 42/48 | €82,100 | €24,841 | -€57,259 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €10,213 | €10,213 | +€0 | 0.0% |
| Trade debts | 44 | €2,671 | €5,412 | +€2,741 | +102.6% |
| Suppliers | 440/4 | €2,671 | €5,412 | +€2,741 | +102.6% |
| Taxes, remuneration and social security | 45 | €2,222 | €9,217 | +€6,995 | +314.8% |
| Taxes | 450/3 | €2,222 | €9,217 | +€6,995 | +314.8% |
| Other amounts payable | 47/48 | €66,994 | - | -€66,994 | |
| Remuneration, social security and pensions | 62 | €84,829 | €32,310 | -€52,520 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,743 | €5,619 | -€1,124 | -16.7% |
| Other operating charges | 640/8 | €5,813 | €2,464 | -€3,349 | -57.6% |
| Gross operating margin | 9900 | €108,919 | €18,440 | -€90,479 | -83.1% |
| Operating profit (loss) | 9901 | €11,534 | -€21,953 | -€33,487 | |
| Financial income | 75/76B | - | €167 | +€167 | |
| Recurring financial income | 75 | - | €167 | +€167 | |
| Financial charges | 65/66B | €2,204 | €154 | -€2,050 | -93.0% |
| Recurring financial charges | 65 | €2,204 | €154 | -€2,050 | -93.0% |
| Profit (loss) for the period before taxes | 9903 | €9,330 | -€21,940 | -€31,270 | |
| Income taxes | 67/77 | €309 | €352 | +€43 | +14.0% |
| Profit (loss) for the period | 9904 | €9,021 | -€22,292 | -€31,313 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,021 | -€22,292 | -€31,313 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.