BARCODE: 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.
BARCODE
Largest movements
- Cash +€231,102
up €231,102 (+105%), from €219,999 to €451,101
mainly Net result for the year (+€329,231) and Other debts (+€74,880)
- Receivables within one year +€65,346
up €65,346 (+60.3%), from €108,285 to €173,631
of which Other amounts receivable: +€42,870
- Tangible fixed assets -€64,721
down €64,721 (-11.7%), from €551,618 to €486,896
of which Furniture and vehicles: -€35,149
- Current investments +€21,741
up €21,741 (+9.7%), from €225,000 to €246,741
- Reserves +€250,410
up €250,410 (+31.5%), from €794,070 to €1.0m
of which Distributable reserves: +€250,410
- Other debts +€74,880
up €74,880, from €0 to €74,880
- Debts after one year -€49,639
down €49,639 (-50.1%), from €99,002 to €49,362
- Trade debts -€33,850
down €33,850 (-73.9%), from €45,810 to €11,960
- Gross operating margin +€336,515
up €336,515 (+190%), from €176,941 to €513,457
- Taxes +€113,466
up €113,466 (+333%), from €34,053 to €147,520
- Financial income +€16,997
up €16,997 (+661%), from €2,570 to €19,567
- Other operating charges -€11,554
down €11,554 (-78.4%), from €14,745 to €3,191
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 | €1,104,982 | €1,358,370 | +€253,388 | +22.9% |
| Fixed assets | 21/28 | €551,618 | €486,896 | -€64,721 | -11.7% |
| Tangible fixed assets | 22/27 | €551,618 | €486,896 | -€64,721 | -11.7% |
| Land and buildings | 22 | €450,076 | €420,504 | -€29,572 | -6.6% |
| Furniture and vehicles | 24 | €101,541 | €66,392 | -€35,149 | -34.6% |
| Current assets | 29/58 | €553,364 | €871,474 | +€318,110 | +57.5% |
| Amounts receivable within one year | 40/41 | €108,285 | €173,631 | +€65,346 | +60.3% |
| Trade receivables | 40 | €74,185 | €96,661 | +€22,476 | +30.3% |
| Other amounts receivable | 41 | €34,100 | €76,970 | +€42,870 | +126% |
| Current investments | 50/53 | €225,000 | €246,741 | +€21,741 | +9.7% |
| Cash at bank and in hand | 54/58 | €219,999 | €451,101 | +€231,102 | +105% |
| Deferred charges and accrued income | 490/1 | €80 | €0 | -€80 | -100% |
| Total equity and liabilities | 10/49 | €1,104,982 | €1,358,370 | +€253,388 | +22.9% |
| Equity | 10/15 | €904,743 | €1,155,153 | +€250,410 | +27.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €794,070 | €1,044,480 | +€250,410 | +31.5% |
| Tax-exempt reserves | 132 | €3,813 | €3,813 | = | 0.0% |
| Distributable reserves | 133 | €790,257 | €1,040,667 | +€250,410 | +31.7% |
| Profit (loss) carried forward | 14 | €104,473 | €104,473 | = | 0.0% |
| Amounts payable | 17/49 | €200,239 | €203,217 | +€2,978 | +1.5% |
| Amounts payable after more than one year | 17 | €99,002 | €49,362 | -€49,639 | -50.1% |
| Financial debts | 170/4 | €99,002 | €49,362 | -€49,639 | -50.1% |
| Amounts payable within one year | 42/48 | €98,218 | €150,794 | +€52,576 | +53.5% |
| Current portion of amounts payable after more than one year | 42 | €48,734 | €49,639 | +€906 | +1.9% |
| Financial debts | 43 | €1,628 | €4,059 | +€2,430 | +149% |
| Credit institutions | 430/8 | €1,628 | €4,059 | +€2,430 | +149% |
| Trade debts | 44 | €45,810 | €11,960 | -€33,850 | -73.9% |
| Suppliers | 440/4 | €45,810 | €11,960 | -€33,850 | -73.9% |
| Taxes, remuneration and social security | 45 | €2,046 | €10,256 | +€8,210 | +401% |
| Taxes | 450/3 | €2,046 | €10,256 | +€8,210 | +401% |
| Other amounts payable | 47/48 | €0 | €74,880 | +€74,880 | |
| Accrued charges and deferred income | 492/3 | €3,019 | €3,061 | +€41 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,458 | €46,751 | +€4,293 | +10.1% |
| Other operating charges | 640/8 | €14,745 | €3,191 | -€11,554 | -78.4% |
| Gross operating margin | 9900 | €176,941 | €513,457 | +€336,515 | +190% |
| Operating profit (loss) | 9901 | €119,738 | €463,515 | +€343,776 | +287% |
| Financial income | 75/76B | €2,570 | €19,567 | +€16,997 | +661% |
| Recurring financial income | 75 | €2,570 | €19,567 | +€16,997 | +661% |
| Financial charges | 65/66B | €4,466 | €6,331 | +€1,865 | +41.8% |
| Recurring financial charges | 65 | €4,466 | €6,331 | +€1,865 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €117,842 | €476,750 | +€358,908 | +305% |
| Income taxes | 67/77 | €34,053 | €147,520 | +€113,466 | +333% |
| Profit (loss) for the period | 9904 | €83,789 | €329,231 | +€245,442 | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €83,789 | €329,231 | +€245,442 | +293% |
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 15 October 2026 via checked.be.