BARCO CONSTRUCT: 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.
BARCO CONSTRUCT
Largest movements
- Cash -€70,559
down €70,559 (-52.3%), from €134,895 to €64,336
mainly Debts after one year (-€81,531) and Investment in fixed assets (net) (-€47,988)
- Tangible fixed assets -€37,062
down €37,062 (-4.6%), from €802,368 to €765,306
of which Land and buildings: -€33,367
- Receivables within one year +€17,383
up €17,383 (+637.6%), from €2,726 to €20,109
of which Trade receivables: +€17,317
- Stocks and contracts -€14,101
down €14,101 (-55.6%), from €25,361 to €11,260
- Debts after one year -€81,531
down €81,531 (-13.4%), from €607,529 to €525,998
- Trade debts -€42,578
down €42,578 (-72.4%), from €58,821 to €16,244
- Reserves +€20,206
up €20,206 (+12.5%), from €161,663 to €181,869
of which Distributable reserves: +€22,066
- Current portion of long-term debt -€9,676
down €9,676 (-10.6%), from €91,207 to €81,531
- Gross operating margin +€18,157
up €18,157 (+15.6%), from €116,628 to €134,785
- Depreciation +€6,873
up €6,873 (+8.8%), from €78,177 to €85,050
- Taxes +€3,534
up €3,534 (+97.1%), from €3,637 to €7,171
- Financial charges -€1,973
down €1,973 (-10.7%), from €18,433 to €16,460
- Other operating charges +€1,799
up €1,799 (+39.1%), from €4,597 to €6,396
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 | €966,575 | €863,539 | -€103,036 | -10.7% |
| Fixed assets | 21/28 | €802,368 | €765,306 | -€37,062 | -4.6% |
| Tangible fixed assets | 22/27 | €802,368 | €765,306 | -€37,062 | -4.6% |
| Land and buildings | 22 | €546,838 | €513,471 | -€33,367 | -6.1% |
| Plant, machinery and equipment | 23 | €242,691 | €250,692 | +€8,002 | +3.3% |
| Furniture and vehicles | 24 | €12,840 | €1,143 | -€11,697 | -91.1% |
| Current assets | 29/58 | €164,207 | €98,234 | -€65,974 | -40.2% |
| Stocks and contracts in progress | 3 | €25,361 | €11,260 | -€14,101 | -55.6% |
| Stocks | 30/36 | €25,361 | €11,260 | -€14,101 | -55.6% |
| Amounts receivable within one year | 40/41 | €2,726 | €20,109 | +€17,383 | +637.6% |
| Trade receivables | 40 | €2,680 | €19,997 | +€17,317 | +646.1% |
| Other amounts receivable | 41 | €46 | €112 | +€66 | +142.8% |
| Cash at bank and in hand | 54/58 | €134,895 | €64,336 | -€70,559 | -52.3% |
| Deferred charges and accrued income | 490/1 | €1,226 | €2,529 | +€1,303 | +106.3% |
| Total equity and liabilities | 10/49 | €966,575 | €863,539 | -€103,036 | -10.7% |
| Equity | 10/15 | €180,263 | €200,469 | +€20,206 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,663 | €181,869 | +€20,206 | +12.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €159,803 | €181,869 | +€22,066 | +13.8% |
| Amounts payable | 17/49 | €786,312 | €663,070 | -€123,242 | -15.7% |
| Amounts payable after more than one year | 17 | €607,529 | €525,998 | -€81,531 | -13.4% |
| Financial debts | 170/4 | €607,529 | €525,998 | -€81,531 | -13.4% |
| Amounts payable within one year | 42/48 | €177,507 | €134,975 | -€42,532 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €91,207 | €81,531 | -€9,676 | -10.6% |
| Trade debts | 44 | €58,821 | €16,244 | -€42,578 | -72.4% |
| Suppliers | 440/4 | €58,821 | €16,244 | -€42,578 | -72.4% |
| Taxes, remuneration and social security | 45 | €8,317 | €16,640 | +€8,324 | +100.1% |
| Taxes | 450/3 | €7,067 | €15,835 | +€8,768 | +124.1% |
| Remuneration and social security | 454/9 | €1,250 | €805 | -€445 | -35.6% |
| Other amounts payable | 47/48 | €19,161 | €20,560 | +€1,398 | +7.3% |
| Accrued charges and deferred income | 492/3 | €1,276 | €2,098 | +€822 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,177 | €85,050 | +€6,873 | +8.8% |
| Other operating charges | 640/8 | €4,597 | €6,396 | +€1,799 | +39.1% |
| Gross operating margin | 9900 | €116,628 | €134,785 | +€18,157 | +15.6% |
| Operating profit (loss) | 9901 | €33,855 | €43,339 | +€9,484 | +28.0% |
| Financial income | 75/76B | €423 | €498 | +€75 | +17.8% |
| Recurring financial income | 75 | €423 | €498 | +€75 | +17.8% |
| Financial charges | 65/66B | €18,433 | €16,460 | -€1,973 | -10.7% |
| Recurring financial charges | 65 | €18,433 | €16,460 | -€1,973 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €15,844 | €27,377 | +€11,533 | +72.8% |
| Income taxes | 67/77 | €3,637 | €7,171 | +€3,534 | +97.1% |
| Profit (loss) for the period | 9904 | €12,207 | €20,206 | +€7,999 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,207 | €20,206 | +€7,999 | +65.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.