BARCHEL: 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.
BARCHEL
Largest movements
- Cash +€36,506
up €36,506 (+39.2%), from €93,139 to €129,645
mainly Net result for the year (+€57,463) and Depreciation (+€54,928)
- Tangible fixed assets -€19,819
down €19,819 (-5.0%), from €394,306 to €374,487
of which Plant, machinery and equipment: -€11,648
- Other debts +€46,441
up €46,441 (+39.2%), from €118,593 to €165,033
- Debts after one year -€28,454
down €28,454 (-16.1%), from €177,167 to €148,713
- Tax, wage and social debts +€21,794
up €21,794 (+39.7%), from €54,904 to €76,698
of which Remuneration and social security: +€23,262
- Trade debts -€16,167
down €16,167 (-25.4%), from €63,751 to €47,584
- Gross operating margin -€14,716
down €14,716 (-2.4%), from €607,766 to €593,050
- Depreciation +€7,522
up €7,522 (+15.9%), from €47,406 to €54,928
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 | €516,957 | €536,255 | +€19,298 | +3.7% |
| Fixed assets | 21/28 | €394,306 | €374,487 | -€19,819 | -5.0% |
| Tangible fixed assets | 22/27 | €394,306 | €374,487 | -€19,819 | -5.0% |
| Plant, machinery and equipment | 23 | €32,357 | €20,710 | -€11,648 | -36.0% |
| Furniture and vehicles | 24 | €2,471 | €3,151 | +€681 | +27.6% |
| Other tangible fixed assets | 26 | €359,478 | €350,626 | -€8,852 | -2.5% |
| Current assets | 29/58 | €122,651 | €161,767 | +€39,117 | +31.9% |
| Stocks and contracts in progress | 3 | €10,653 | €14,195 | +€3,541 | +33.2% |
| Stocks | 30/36 | €10,653 | €14,195 | +€3,541 | +33.2% |
| Amounts receivable within one year | 40/41 | €16,324 | €14,059 | -€2,265 | -13.9% |
| Trade receivables | 40 | €3,817 | €1,343 | -€2,474 | -64.8% |
| Other amounts receivable | 41 | €12,507 | €12,716 | +€209 | +1.7% |
| Cash at bank and in hand | 54/58 | €93,139 | €129,645 | +€36,506 | +39.2% |
| Deferred charges and accrued income | 490/1 | €2,534 | €3,869 | +€1,334 | +52.7% |
| Total equity and liabilities | 10/49 | €516,957 | €536,255 | +€19,298 | +3.7% |
| Equity | 10/15 | €67,846 | €67,846 | = | 0.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €48,846 | €48,846 | = | 0.0% |
| Distributable reserves | 133 | €48,846 | €48,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €449,111 | €468,409 | +€19,298 | +4.3% |
| Amounts payable after more than one year | 17 | €177,167 | €148,713 | -€28,454 | -16.1% |
| Financial debts | 170/4 | €177,167 | €148,713 | -€28,454 | -16.1% |
| Amounts payable within one year | 42/48 | €270,270 | €318,024 | +€47,754 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €33,022 | €28,454 | -€4,568 | -13.8% |
| Financial debts | 43 | - | €255 | +€255 | |
| Other loans | 439 | - | €255 | +€255 | |
| Trade debts | 44 | €63,751 | €47,584 | -€16,167 | -25.4% |
| Suppliers | 440/4 | €63,751 | €47,584 | -€16,167 | -25.4% |
| Taxes, remuneration and social security | 45 | €54,904 | €76,698 | +€21,794 | +39.7% |
| Taxes | 450/3 | €28,134 | €26,667 | -€1,468 | -5.2% |
| Remuneration and social security | 454/9 | €26,769 | €50,031 | +€23,262 | +86.9% |
| Other amounts payable | 47/48 | €118,593 | €165,033 | +€46,441 | +39.2% |
| Accrued charges and deferred income | 492/3 | €1,675 | €1,673 | -€2 | -0.1% |
| Remuneration, social security and pensions | 62 | €434,112 | €435,413 | +€1,300 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,406 | €54,928 | +€7,522 | +15.9% |
| Other operating charges | 640/8 | €2,598 | €3,245 | +€647 | +24.9% |
| Gross operating margin | 9900 | €607,766 | €593,050 | -€14,716 | -2.4% |
| Operating profit (loss) | 9901 | €123,650 | €99,465 | -€24,186 | -19.6% |
| Financial income | 75/76B | €688 | €317 | -€371 | -53.9% |
| Recurring financial income | 75 | €688 | €317 | -€371 | -53.9% |
| Financial charges | 65/66B | €19,496 | €17,923 | -€1,573 | -8.1% |
| Recurring financial charges | 65 | €19,496 | €17,923 | -€1,573 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €104,842 | €81,859 | -€22,984 | -21.9% |
| Income taxes | 67/77 | €22,600 | €24,396 | +€1,796 | +7.9% |
| Profit (loss) for the period | 9904 | €82,242 | €57,463 | -€24,780 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,242 | €57,463 | -€24,780 | -30.1% |
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 18 October 2026 via checked.be.