Barcoda: 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.
Barcoda
Largest movements
- Cash +€133,812
up €133,812 (+118%), from €113,566 to €247,378
mainly Current investments (+€70,000) and Other debts (+€54,933)
- Current investments -€70,000
down €70,000 (-100%), from €70,000 to €0
- Tangible fixed assets -€27,496
down €27,496 (-13.6%), from €202,353 to €174,857
of which Land and buildings: -€13,899
- Receivables within one year -€14,236
down €14,236 (-46.3%), from €30,734 to €16,498
of which Other amounts receivable: -€9,097
- Deferred charges and accrued income +€5,919
up €5,919 (+107%), from €5,522 to €11,441
- Other debts +€54,933
up €54,933, from €0 to €54,933
- Debts after one year -€24,874
down €24,874 (-18.6%), from €133,460 to €108,585
- Tax, wage and social debts +€8,594
up €8,594 (+22.4%), from €38,284 to €46,878
of which Taxes: +€9,751
- Reserves -€4,896
down €4,896 (-2.6%), from €187,361 to €182,465
- Staff costs +€45,851
up €45,851 (+17.0%), from €270,330 to €316,181
- Gross operating margin +€22,836
up €22,836 (+5.6%), from €407,473 to €430,309
- Financial charges -€5,668
down €5,668 (-40.2%), from €14,102 to €8,434
of which Financial charges: -€3,058
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 | €443,258 | €473,443 | +€30,185 | +6.8% |
| Fixed assets | 21/28 | €202,353 | €174,857 | -€27,496 | -13.6% |
| Tangible fixed assets | 22/27 | €202,353 | €174,857 | -€27,496 | -13.6% |
| Land and buildings | 22 | €153,532 | €139,633 | -€13,899 | -9.1% |
| Plant, machinery and equipment | 23 | €43,804 | €32,342 | -€11,462 | -26.2% |
| Furniture and vehicles | 24 | €827 | €1,691 | +€864 | +104% |
| Leasing and similar rights | 25 | €4,190 | €1,191 | -€2,999 | -71.6% |
| Current assets | 29/58 | €240,905 | €298,586 | +€57,681 | +23.9% |
| Stocks and contracts in progress | 3 | €21,084 | €23,269 | +€2,185 | +10.4% |
| Stocks | 30/36 | €21,084 | €23,269 | +€2,185 | +10.4% |
| Amounts receivable within one year | 40/41 | €30,734 | €16,498 | -€14,236 | -46.3% |
| Trade receivables | 40 | €5,683 | €544 | -€5,139 | -90.4% |
| Other amounts receivable | 41 | €25,050 | €15,954 | -€9,097 | -36.3% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100% |
| Cash at bank and in hand | 54/58 | €113,566 | €247,378 | +€133,812 | +118% |
| Deferred charges and accrued income | 490/1 | €5,522 | €11,441 | +€5,919 | +107% |
| Total equity and liabilities | 10/49 | €443,258 | €473,443 | +€30,185 | +6.8% |
| Equity | 10/15 | €192,361 | €187,465 | -€4,896 | -2.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €187,361 | €182,465 | -€4,896 | -2.6% |
| Distributable reserves | 133 | €187,361 | €182,465 | -€4,896 | -2.6% |
| Amounts payable | 17/49 | €250,898 | €285,978 | +€35,081 | +14.0% |
| Amounts payable after more than one year | 17 | €133,460 | €108,585 | -€24,874 | -18.6% |
| Financial debts | 170/4 | €133,460 | €108,585 | -€24,874 | -18.6% |
| Amounts payable within one year | 42/48 | €114,965 | €176,330 | +€61,366 | +53.4% |
| Current portion of amounts payable after more than one year | 42 | €26,237 | €24,874 | -€1,363 | -5.2% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €32,101 | €29,678 | -€2,423 | -7.5% |
| Suppliers | 440/4 | €32,101 | €29,678 | -€2,423 | -7.5% |
| Advances received on contracts in progress | 46 | €18,342 | €19,967 | +€1,625 | +8.9% |
| Taxes, remuneration and social security | 45 | €38,284 | €46,878 | +€8,594 | +22.4% |
| Taxes | 450/3 | €8,064 | €17,815 | +€9,751 | +121% |
| Remuneration and social security | 454/9 | €30,220 | €29,063 | -€1,157 | -3.8% |
| Other amounts payable | 47/48 | €0 | €54,933 | +€54,933 | |
| Accrued charges and deferred income | 492/3 | €2,474 | €1,063 | -€1,411 | -57.0% |
| Remuneration, social security and pensions | 62 | €270,330 | €316,181 | +€45,851 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,385 | €31,457 | +€1,072 | +3.5% |
| Other operating charges | 640/8 | €1,875 | €2,032 | +€157 | +8.4% |
| Gross operating margin | 9900 | €407,473 | €430,309 | +€22,836 | +5.6% |
| Operating profit (loss) | 9901 | €104,882 | €80,638 | -€24,244 | -23.1% |
| Financial income | 75/76B | €234 | €2,136 | +€1,902 | +811% |
| Recurring financial income | 75 | €234 | €2,136 | +€1,902 | +811% |
| Financial charges | 65/66B | €14,102 | €8,434 | -€5,668 | -40.2% |
| Recurring financial charges | 65 | €11,006 | €7,947 | -€3,058 | -27.8% |
| Non-recurring financial charges | 66B | €3,097 | €487 | -€2,609 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €91,015 | €74,340 | -€16,675 | -18.3% |
| Income taxes | 67/77 | €22,727 | €20,852 | -€1,874 | -8.2% |
| Profit (loss) for the period | 9904 | €68,288 | €53,487 | -€14,801 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,288 | €53,487 | -€14,801 | -21.7% |
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 13 October 2026 via checked.be.