BARBOLETA: 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.
BARBOLETA
Largest movements
- Tangible fixed assets +€53,936
up €53,936 (+2514.0%), from €2,145 to €56,081
of which Other tangible fixed assets: +€43,573
- Cash -€24,695
down €24,695 (-27.6%), from €89,611 to €64,916
mainly Investment in fixed assets (net) (-€55,098) and Tax, wage and social debts (-€6,577)
- Stocks and contracts -€15,222
down €15,222 (-29.1%), from €52,262 to €37,039
- Receivables within one year +€4,493
up €4,493 (+31.2%), from €14,390 to €18,883
of which Other amounts receivable: +€8,269
- Reserves +€18,773
up €18,773 (+17.6%), from €106,966 to €125,739
- Trade debts +€8,096
up €8,096 (+191.0%), from €4,239 to €12,335
- Tax, wage and social debts -€6,577
down €6,577 (-50.7%), from €12,967 to €6,390
- Write-downs +€3,776
new in 2025: €3,776
- Taxes -€1,662
down €1,662 (-17.8%), from €9,355 to €7,692
- Financial charges +€1,435
up €1,435 (+30.6%), from €4,687 to €6,122
- Gross operating margin -€911
down €911 (-2.3%), from €39,243 to €38,332
- Depreciation +€566
up €566 (+95.0%), from €596 to €1,163
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 | €161,488 | €181,688 | +€20,200 | +12.5% |
| Fixed assets | 21/28 | €2,145 | €56,081 | +€53,936 | +2514.0% |
| Tangible fixed assets | 22/27 | €2,145 | €56,081 | +€53,936 | +2514.0% |
| Plant, machinery and equipment | 23 | €2,145 | €12,508 | +€10,362 | +483.0% |
| Other tangible fixed assets | 26 | - | €43,573 | +€43,573 | |
| Current assets | 29/58 | €159,343 | €125,607 | -€33,736 | -21.2% |
| Stocks and contracts in progress | 3 | €52,262 | €37,039 | -€15,222 | -29.1% |
| Stocks | 30/36 | €52,262 | €37,039 | -€15,222 | -29.1% |
| Amounts receivable within one year | 40/41 | €14,390 | €18,883 | +€4,493 | +31.2% |
| Trade receivables | 40 | €10,306 | €6,530 | -€3,776 | -36.6% |
| Other amounts receivable | 41 | €4,084 | €12,352 | +€8,269 | +202.5% |
| Cash at bank and in hand | 54/58 | €89,611 | €64,916 | -€24,695 | -27.6% |
| Deferred charges and accrued income | 490/1 | €3,081 | €4,770 | +€1,689 | +54.8% |
| Total equity and liabilities | 10/49 | €161,488 | €181,688 | +€20,200 | +12.5% |
| Equity | 10/15 | €134,169 | €152,942 | +€18,773 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,966 | €125,739 | +€18,773 | +17.6% |
| Distributable reserves | 133 | €106,966 | €125,739 | +€18,773 | +17.6% |
| Profit (loss) carried forward | 14 | €8,602 | €8,602 | = | 0.0% |
| Amounts payable | 17/49 | €27,320 | €28,747 | +€1,427 | +5.2% |
| Amounts payable within one year | 42/48 | €27,243 | €28,747 | +€1,503 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €10,038 | €10,022 | -€16 | -0.2% |
| Trade debts | 44 | €4,239 | €12,335 | +€8,096 | +191.0% |
| Suppliers | 440/4 | €4,239 | €12,335 | +€8,096 | +191.0% |
| Taxes, remuneration and social security | 45 | €12,967 | €6,390 | -€6,577 | -50.7% |
| Taxes | 450/3 | €12,967 | €6,390 | -€6,577 | -50.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €76 | €0 | -€76 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €1,163 | +€566 | +95.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,776 | +€3,776 | |
| Other operating charges | 640/8 | €1,974 | €1,483 | -€492 | -24.9% |
| Gross operating margin | 9900 | €39,243 | €38,332 | -€911 | -2.3% |
| Operating profit (loss) | 9901 | €36,672 | €31,911 | -€4,761 | -13.0% |
| Financial income | 75/76B | €1,240 | €677 | -€563 | -45.4% |
| Recurring financial income | 75 | €1,240 | €677 | -€563 | -45.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,687 | €6,122 | +€1,435 | +30.6% |
| Recurring financial charges | 65 | €4,687 | €6,122 | +€1,435 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €33,225 | €26,466 | -€6,760 | -20.3% |
| Income taxes | 67/77 | €9,355 | €7,692 | -€1,662 | -17.8% |
| Profit (loss) for the period | 9904 | €23,870 | €18,773 | -€5,097 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,870 | €18,773 | -€5,097 | -21.4% |
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 5 October 2026 via checked.be.