BARCO RABELO: 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.
BARCO RABELO
Largest movements
- Tangible fixed assets -€5,144
down €5,144 (-28.5%), from €18,068 to €12,924
of which Other tangible fixed assets: -€4,644
- Receivables within one year -€3,181
down €3,181 (-30.0%), from €10,611 to €7,430
of which Trade receivables: -€3,606
- Stocks and contracts -€2,178
no longer reported in 2025 (was €2,178)
- Cash +€797
up €797 (+1.9%), from €41,047 to €41,844
mainly Depreciation (+€9,464) and Receivables within one year (+€3,181)
- Debts after one year -€4,038
down €4,038 (-15.0%), from €27,000 to €22,962
- Tax, wage and social debts -€2,302
down €2,302 (-27.9%), from €8,261 to €5,959
of which Taxes: -€3,138
- Profit (loss) carried forward -€2,191
down €2,191 (-8.4%), from €26,237 to €24,046
- Trade debts -€911
down €911 (-22.3%), from €4,092 to €3,181
- Gross operating margin +€6,546
up €6,546 (+14.1%), from €46,339 to €52,885
- Depreciation +€4,297
up €4,297 (+83.2%), from €5,167 to €9,464
- Taxes -€3,862
down €3,862 (-89.9%), from €4,297 to €435
- Other operating charges +€1,835
up €1,835 (+164%), from €1,120 to €2,955
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 | €72,390 | €62,348 | -€10,042 | -13.9% |
| Fixed assets | 21/28 | €18,218 | €13,074 | -€5,144 | -28.2% |
| Tangible fixed assets | 22/27 | €18,068 | €12,924 | -€5,144 | -28.5% |
| Plant, machinery and equipment | 23 | €826 | €326 | -€500 | -60.5% |
| Other tangible fixed assets | 26 | €17,242 | €12,598 | -€4,644 | -26.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €54,172 | €49,274 | -€4,898 | -9.0% |
| Stocks and contracts in progress | 3 | €2,178 | - | -€2,178 | |
| Stocks | 30/36 | €2,178 | - | -€2,178 | |
| Amounts receivable within one year | 40/41 | €10,611 | €7,430 | -€3,181 | -30.0% |
| Trade receivables | 40 | €10,606 | €7,000 | -€3,606 | -34.0% |
| Other amounts receivable | 41 | €5 | €430 | +€425 | +8,500% |
| Cash at bank and in hand | 54/58 | €41,047 | €41,844 | +€797 | +1.9% |
| Deferred charges and accrued income | 490/1 | €336 | - | -€336 | |
| Total equity and liabilities | 10/49 | €72,390 | €62,348 | -€10,042 | -13.9% |
| Equity | 10/15 | €32,437 | €30,246 | -€2,191 | -6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,237 | €24,046 | -€2,191 | -8.4% |
| Amounts payable | 17/49 | €39,953 | €32,102 | -€7,851 | -19.7% |
| Amounts payable after more than one year | 17 | €27,000 | €22,962 | -€4,038 | -15.0% |
| Financial debts | 170/4 | €27,000 | €22,962 | -€4,038 | -15.0% |
| Amounts payable within one year | 42/48 | €12,353 | €9,140 | -€3,213 | -26.0% |
| Trade debts | 44 | €4,092 | €3,181 | -€911 | -22.3% |
| Suppliers | 440/4 | €4,092 | €3,181 | -€911 | -22.3% |
| Taxes, remuneration and social security | 45 | €8,261 | €5,959 | -€2,302 | -27.9% |
| Taxes | 450/3 | €7,774 | €4,636 | -€3,138 | -40.4% |
| Remuneration and social security | 454/9 | €487 | €1,323 | +€836 | +172% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Non-recurring operating income | 76A | - | €12,572 | +€12,572 | |
| Remuneration, social security and pensions | 62 | €22,049 | €21,934 | -€115 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,167 | €9,464 | +€4,297 | +83.2% |
| Other operating charges | 640/8 | €1,120 | €2,955 | +€1,835 | +164% |
| Non-recurring operating charges | 66A | - | €17,925 | +€17,925 | |
| Gross operating margin | 9900 | €46,339 | €52,885 | +€6,546 | +14.1% |
| Operating profit (loss) | 9901 | €18,003 | €607 | -€17,396 | -96.6% |
| Financial income | 75/76B | €1 | €94 | +€93 | +9,300% |
| Recurring financial income | 75 | €1 | €94 | +€93 | +9,300% |
| Financial charges | 65/66B | €2,172 | €2,457 | +€285 | +13.1% |
| Recurring financial charges | 65 | €2,172 | €2,457 | +€285 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €15,832 | -€1,756 | -€17,588 | |
| Income taxes | 67/77 | €4,297 | €435 | -€3,862 | -89.9% |
| Profit (loss) for the period | 9904 | €11,535 | -€2,191 | -€13,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,535 | -€2,191 | -€13,726 |
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 25 October 2026 via checked.be.