BARCATEX: 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.
BARCATEX
Largest movements
- Stocks and contracts +€541,454
new in 2025: €541,454
- Current investments +€80,564
up €80,564 (+15.3%), from €527,373 to €607,937
- Receivables within one year +€77,177
up €77,177 (+97.3%), from €79,324 to €156,501
of which Trade receivables: +€77,398
- Deferred charges and accrued income -€73,403
no longer reported in 2025 (was €73,403)
- Tangible fixed assets -€68,318
down €68,318 (-40.1%), from €170,520 to €102,203
of which Furniture and vehicles: -€46,805
- Debts after one year +€450,000
new in 2025: €450,000
- Reserves +€133,111
up €133,111 (+13.8%), from €964,833 to €1.1m
- Financial income +€20,747
up €20,747 (+84.6%), from €24,537 to €45,284
- Staff costs +€19,395
up €19,395 (+12.0%), from €161,828 to €181,222
- Depreciation -€10,468
down €10,468 (-23.2%), from €45,209 to €34,741
- Taxes -€6,435
down €6,435 (-7.2%), from €89,095 to €82,660
- Gross operating margin -€5,376
down €5,376 (-1.1%), from €475,649 to €470,272
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 | €1,042,808 | €1,624,720 | +€581,912 | +55.8% |
| Fixed assets | 21/28 | €170,520 | €102,203 | -€68,318 | -40.1% |
| Tangible fixed assets | 22/27 | €170,520 | €102,203 | -€68,318 | -40.1% |
| Land and buildings | 22 | €38,807 | €25,871 | -€12,936 | -33.3% |
| Plant, machinery and equipment | 23 | €594 | €174 | -€420 | -70.7% |
| Furniture and vehicles | 24 | €74,786 | €27,981 | -€46,805 | -62.6% |
| Other tangible fixed assets | 26 | €56,334 | €48,177 | -€8,157 | -14.5% |
| Current assets | 29/58 | €872,287 | €1,522,517 | +€650,230 | +74.5% |
| Stocks and contracts in progress | 3 | - | €541,454 | +€541,454 | |
| Stocks | 30/36 | - | €541,454 | +€541,454 | |
| Amounts receivable within one year | 40/41 | €79,324 | €156,501 | +€77,177 | +97.3% |
| Trade receivables | 40 | €68,543 | €145,941 | +€77,398 | +112.9% |
| Other amounts receivable | 41 | €10,781 | €10,560 | -€221 | -2.0% |
| Current investments | 50/53 | €527,373 | €607,937 | +€80,564 | +15.3% |
| Cash at bank and in hand | 54/58 | €192,187 | €216,625 | +€24,438 | +12.7% |
| Deferred charges and accrued income | 490/1 | €73,403 | - | -€73,403 | |
| Total equity and liabilities | 10/49 | €1,042,808 | €1,624,720 | +€581,912 | +55.8% |
| Equity | 10/15 | €975,988 | €1,109,099 | +€133,111 | +13.6% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Reserves | 13 | €964,833 | €1,097,944 | +€133,111 | +13.8% |
| Distributable reserves | 133 | €964,833 | €1,097,944 | +€133,111 | +13.8% |
| Amounts payable | 17/49 | €66,819 | €515,621 | +€448,802 | +671.7% |
| Amounts payable after more than one year | 17 | - | €450,000 | +€450,000 | |
| Financial debts | 170/4 | - | €450,000 | +€450,000 | |
| Amounts payable within one year | 42/48 | €66,819 | €65,621 | -€1,198 | -1.8% |
| Trade debts | 44 | €47,551 | €40,160 | -€7,390 | -15.5% |
| Suppliers | 440/4 | €47,551 | €40,160 | -€7,390 | -15.5% |
| Taxes, remuneration and social security | 45 | €19,268 | €25,460 | +€6,192 | +32.1% |
| Taxes | 450/3 | €3,372 | €5,379 | +€2,007 | +59.5% |
| Remuneration and social security | 454/9 | €15,896 | €20,081 | +€4,185 | +26.3% |
| Non-recurring operating income | 76A | - | €5,777 | +€5,777 | |
| Remuneration, social security and pensions | 62 | €161,828 | €181,222 | +€19,395 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,209 | €34,741 | -€10,468 | -23.2% |
| Other operating charges | 640/8 | €2,804 | €3,337 | +€533 | +19.0% |
| Non-recurring operating charges | 66A | - | €10,555 | +€10,555 | |
| Gross operating margin | 9900 | €475,649 | €470,272 | -€5,376 | -1.1% |
| Operating profit (loss) | 9901 | €265,809 | €240,418 | -€25,391 | -9.6% |
| Financial income | 75/76B | €24,537 | €45,284 | +€20,747 | +84.6% |
| Recurring financial income | 75 | €24,537 | €45,284 | +€20,747 | +84.6% |
| Financial charges | 65/66B | €557 | €3,083 | +€2,527 | +453.7% |
| Recurring financial charges | 65 | €557 | €3,083 | +€2,527 | +453.7% |
| Profit (loss) for the period before taxes | 9903 | €289,788 | €282,618 | -€7,170 | -2.5% |
| Income taxes | 67/77 | €89,095 | €82,660 | -€6,435 | -7.2% |
| Profit (loss) for the period | 9904 | €200,693 | €199,959 | -€735 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €200,693 | €199,959 | -€735 | -0.4% |
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.