BARCALO: 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.
BARCALO
Largest movements
- Cash +€38,786
up €38,786 (+13.4%), from €289,329 to €328,115
mainly Net result for the year (+€34,024) and Depreciation (+€21,143)
- Tangible fixed assets -€21,143
down €21,143 (-13.6%), from €155,825 to €134,682
of which Leasing and similar rights: -€15,083
- Reserves +€34,008
up €34,008 (+10.9%), from €313,155 to €347,163
of which Distributable reserves: +€34,700
- Debts after one year -€26,643
down €26,643 (-28.9%), from €92,313 to €65,670
- Current portion of long-term debt +€6,957
up €6,957 (+34.3%), from €20,268 to €27,226
- Gross operating margin -€6,139
down €6,139 (-5.6%), from €110,609 to €104,470
- Financial charges -€1,156
down €1,156 (-3.1%), from €37,605 to €36,449
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 | €530,002 | €548,470 | +€18,468 | +3.5% |
| Fixed assets | 21/28 | €155,825 | €134,682 | -€21,143 | -13.6% |
| Tangible fixed assets | 22/27 | €155,825 | €134,682 | -€21,143 | -13.6% |
| Land and buildings | 22 | €128,870 | €122,988 | -€5,882 | -4.6% |
| Furniture and vehicles | 24 | €178 | - | -€178 | |
| Leasing and similar rights | 25 | €26,777 | €11,694 | -€15,083 | -56.3% |
| Current assets | 29/58 | €374,177 | €413,788 | +€39,611 | +10.6% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,208 | €28,098 | +€890 | +3.3% |
| Trade receivables | 40 | €12,600 | €13,781 | +€1,181 | +9.4% |
| Other amounts receivable | 41 | €14,608 | €14,317 | -€292 | -2.0% |
| Cash at bank and in hand | 54/58 | €289,329 | €328,115 | +€38,786 | +13.4% |
| Deferred charges and accrued income | 490/1 | €2,639 | €2,575 | -€65 | -2.5% |
| Total equity and liabilities | 10/49 | €530,002 | €548,470 | +€18,468 | +3.5% |
| Equity | 10/15 | €403,708 | €437,732 | +€34,024 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,155 | €347,163 | +€34,008 | +10.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,595 | €32,903 | -€692 | -2.1% |
| Distributable reserves | 133 | €277,700 | €312,400 | +€34,700 | +12.5% |
| Profit (loss) carried forward | 14 | €71,953 | €71,969 | +€16 | 0.0% |
| Provisions and deferred taxes | 16 | €8,399 | €8,226 | -€173 | -2.1% |
| Deferred taxes | 168 | €8,399 | €8,226 | -€173 | -2.1% |
| Amounts payable | 17/49 | €117,895 | €102,512 | -€15,382 | -13.0% |
| Amounts payable after more than one year | 17 | €92,313 | €65,670 | -€26,643 | -28.9% |
| Financial debts | 170/4 | €92,313 | €65,670 | -€26,643 | -28.9% |
| Amounts payable within one year | 42/48 | €25,582 | €36,704 | +€11,122 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €20,268 | €27,226 | +€6,957 | +34.3% |
| Trade debts | 44 | €2,151 | €1,479 | -€672 | -31.2% |
| Suppliers | 440/4 | €2,151 | €1,479 | -€672 | -31.2% |
| Taxes, remuneration and social security | 45 | €3,162 | €7,999 | +€4,837 | +153% |
| Taxes | 450/3 | €1,853 | €7,999 | +€6,146 | +332% |
| Remuneration and social security | 454/9 | €1,310 | - | -€1,310 | |
| Accrued charges and deferred income | 492/3 | - | €138 | +€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,108 | €21,143 | -€965 | -4.4% |
| Other operating charges | 640/8 | €4,682 | €3,629 | -€1,053 | -22.5% |
| Gross operating margin | 9900 | €110,609 | €104,470 | -€6,139 | -5.6% |
| Operating profit (loss) | 9901 | €83,819 | €79,698 | -€4,121 | -4.9% |
| Financial income | 75/76B | €3,558 | €4,428 | +€871 | +24.5% |
| Recurring financial income | 75 | €3,558 | €4,428 | +€871 | +24.5% |
| Financial charges | 65/66B | €37,605 | €36,449 | -€1,156 | -3.1% |
| Recurring financial charges | 65 | €37,605 | €36,449 | -€1,156 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €49,772 | €47,677 | -€2,095 | -4.2% |
| Transfer from deferred taxes | 780 | €173 | €173 | = | 0.0% |
| Income taxes | 67/77 | €14,004 | €13,827 | -€177 | -1.3% |
| Profit (loss) for the period | 9904 | €35,941 | €34,024 | -€1,918 | -5.3% |
| Transfer from tax-exempt reserves | 789 | €692 | €692 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,633 | €34,716 | -€1,918 | -5.2% |
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 21 October 2026 via checked.be.