BARCAS: 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.
BARCAS
Largest movements
- Tangible fixed assets +€491,914
up €491,914 (+54.5%), from €902,486 to €1.4m
of which Land and buildings: +€483,001
- Receivables within one year +€53,935
up €53,935 (+390%), from €13,819 to €67,754
of which Other amounts receivable: +€31,660
- Cash +€39,750
up €39,750 (+35.6%), from €111,535 to €151,285
mainly Debts after one year (+€487,348) and Net result for the year (+€68,347)
- Debts after one year +€487,348
up €487,348 (+53.1%), from €917,849 to €1.4m
- Reserves +€68,347
up €68,347 (+6.5%), from €1.1m to €1.1m
- Current portion of long-term debt +€47,863
up €47,863 (+48.7%), from €98,198 to €146,060
- Trade debts -€43,723
down €43,723 (-30.6%), from €142,948 to €99,226
- Other debts +€38,040
up €38,040 (+59.2%), from €64,229 to €102,270
- Financial income -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Financial charges +€17,493
up €17,493 (+55.4%), from €31,567 to €49,061
- Taxes -€13,424
down €13,424 (-33.8%), from €39,705 to €26,281
- Gross operating margin +€3,822
up €3,822 (+2.7%), from €143,067 to €146,889
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 | €2,467,442 | €3,052,448 | +€585,005 | +23.7% |
| Fixed assets | 21/28 | €2,339,559 | €2,831,473 | +€491,914 | +21.0% |
| Tangible fixed assets | 22/27 | €902,486 | €1,394,401 | +€491,914 | +54.5% |
| Land and buildings | 22 | €901,797 | €1,384,797 | +€483,001 | +53.6% |
| Furniture and vehicles | 24 | €690 | €9,604 | +€8,914 | +1,292% |
| Financial fixed assets | 28 | €1,437,072 | €1,437,072 | = | 0.0% |
| Current assets | 29/58 | €127,883 | €220,975 | +€93,091 | +72.8% |
| Amounts receivable within one year | 40/41 | €13,819 | €67,754 | +€53,935 | +390% |
| Trade receivables | 40 | - | €22,276 | +€22,276 | |
| Other amounts receivable | 41 | €13,819 | €45,478 | +€31,660 | +229% |
| Cash at bank and in hand | 54/58 | €111,535 | €151,285 | +€39,750 | +35.6% |
| Deferred charges and accrued income | 490/1 | €2,530 | €1,935 | -€594 | -23.5% |
| Total equity and liabilities | 10/49 | €2,467,442 | €3,052,448 | +€585,005 | +23.7% |
| Equity | 10/15 | €1,222,263 | €1,290,610 | +€68,347 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,054,412 | €1,122,759 | +€68,347 | +6.5% |
| Distributable reserves | 133 | €1,054,412 | €1,122,759 | +€68,347 | +6.5% |
| Profit (loss) carried forward | 14 | €161,651 | €161,651 | = | 0.0% |
| Amounts payable | 17/49 | €1,245,179 | €1,761,838 | +€516,659 | +41.5% |
| Amounts payable after more than one year | 17 | €917,849 | €1,405,197 | +€487,348 | +53.1% |
| Financial debts | 170/4 | €917,849 | €1,405,197 | +€487,348 | +53.1% |
| Amounts payable within one year | 42/48 | €327,330 | €356,641 | +€29,310 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €98,198 | €146,060 | +€47,863 | +48.7% |
| Trade debts | 44 | €142,948 | €99,226 | -€43,723 | -30.6% |
| Suppliers | 440/4 | €142,948 | €99,226 | -€43,723 | -30.6% |
| Taxes, remuneration and social security | 45 | €21,955 | €9,085 | -€12,870 | -58.6% |
| Taxes | 450/3 | €21,955 | €9,085 | -€12,870 | -58.6% |
| Other amounts payable | 47/48 | €64,229 | €102,270 | +€38,040 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €1,300 | +€414 | +46.7% |
| Other operating charges | 640/8 | €1,712 | €1,901 | +€188 | +11.0% |
| Gross operating margin | 9900 | €143,067 | €146,889 | +€3,822 | +2.7% |
| Operating profit (loss) | 9901 | €140,469 | €143,688 | +€3,220 | +2.3% |
| Financial income | 75/76B | €100,000 | €0 | -€100,000 | -100.0% |
| Recurring financial income | 75 | €100,000 | €0 | -€100,000 | -100.0% |
| Financial charges | 65/66B | €31,567 | €49,061 | +€17,493 | +55.4% |
| Recurring financial charges | 65 | €31,567 | €49,061 | +€17,493 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €208,902 | €94,628 | -€114,273 | -54.7% |
| Income taxes | 67/77 | €39,705 | €26,281 | -€13,424 | -33.8% |
| Profit (loss) for the period | 9904 | €169,197 | €68,347 | -€100,850 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €169,197 | €68,347 | -€100,850 | -59.6% |
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 19 October 2026 via checked.be.