BARCODEX: 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.
BARCODEX
Largest movements
- Current investments +€140,000
new in 2025: €140,000
- Cash -€129,389
down €129,389 (-90.2%), from €143,371 to €13,982
mainly Current investments (-€140,000) and Investment in fixed assets (net) (-€78,491)
- Tangible fixed assets +€35,069
up €35,069 (+10.8%), from €323,678 to €358,747
of which Land and buildings: +€42,542
- Receivables within one year +€12,608
up €12,608 (+95.5%), from €13,203 to €25,811
of which Other amounts receivable: +€7,932
- Profit (loss) carried forward +€79,917
new in 2025: €79,917
- Reserves -€13,111
down €13,111 (-4.2%), from €314,041 to €300,930
of which Tax-exempt reserves: -€13,111
- Other debts -€6,000
no longer reported in 2025 (was €6,000)
- Gross operating margin +€22,029
up €22,029 (+17.3%), from €127,419 to €149,447
- Depreciation +€15,232
up €15,232 (+54.0%), from €28,189 to €43,422
- Staff costs -€9,135
down €9,135 (-54.8%), from €16,663 to €7,528
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 | €481,961 | €540,553 | +€58,592 | +12.2% |
| Fixed assets | 21/28 | €323,888 | €358,957 | +€35,069 | +10.8% |
| Tangible fixed assets | 22/27 | €323,678 | €358,747 | +€35,069 | +10.8% |
| Land and buildings | 22 | €300,021 | €342,563 | +€42,542 | +14.2% |
| Plant, machinery and equipment | 23 | €201 | - | -€201 | |
| Furniture and vehicles | 24 | €19,181 | €12,640 | -€6,541 | -34.1% |
| Other tangible fixed assets | 26 | €4,275 | €3,545 | -€730 | -17.1% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €158,073 | €181,596 | +€23,523 | +14.9% |
| Amounts receivable within one year | 40/41 | €13,203 | €25,811 | +€12,608 | +95.5% |
| Trade receivables | 40 | €11,379 | €16,055 | +€4,676 | +41.1% |
| Other amounts receivable | 41 | €1,824 | €9,756 | +€7,932 | +435% |
| Current investments | 50/53 | - | €140,000 | +€140,000 | |
| Cash at bank and in hand | 54/58 | €143,371 | €13,982 | -€129,389 | -90.2% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,803 | +€303 | +20.2% |
| Total equity and liabilities | 10/49 | €481,961 | €540,553 | +€58,592 | +12.2% |
| Equity | 10/15 | €376,041 | €442,847 | +€66,806 | +17.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €314,041 | €300,930 | -€13,111 | -4.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €142,641 | €129,530 | -€13,111 | -9.2% |
| Distributable reserves | 133 | €165,200 | €165,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €79,917 | +€79,917 | |
| Provisions and deferred taxes | 16 | €47,547 | €43,177 | -€4,370 | -9.2% |
| Deferred taxes | 168 | €47,547 | €43,177 | -€4,370 | -9.2% |
| Amounts payable | 17/49 | €58,373 | €54,530 | -€3,843 | -6.6% |
| Amounts payable after more than one year | 17 | €450 | €450 | = | 0.0% |
| Other amounts payable | 178/9 | €450 | €450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,525 | €53,401 | -€3,124 | -5.5% |
| Trade debts | 44 | €16,391 | €15,544 | -€848 | -5.2% |
| Suppliers | 440/4 | €16,391 | €15,544 | -€848 | -5.2% |
| Taxes, remuneration and social security | 45 | €34,133 | €37,857 | +€3,724 | +10.9% |
| Taxes | 450/3 | €32,933 | €37,388 | +€4,455 | +13.5% |
| Remuneration and social security | 454/9 | €1,200 | €469 | -€731 | -60.9% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Accrued charges and deferred income | 492/3 | €1,398 | €679 | -€719 | -51.4% |
| Remuneration, social security and pensions | 62 | €16,663 | €7,528 | -€9,135 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,189 | €43,422 | +€15,232 | +54.0% |
| Other operating charges | 640/8 | €17,054 | €16,986 | -€67 | -0.4% |
| Gross operating margin | 9900 | €127,419 | €149,447 | +€22,029 | +17.3% |
| Operating profit (loss) | 9901 | €65,513 | €81,511 | +€15,998 | +24.4% |
| Financial income | 75/76B | €424 | €1,061 | +€637 | +150% |
| Recurring financial income | 75 | €424 | €1,061 | +€637 | +150% |
| Financial charges | 65/66B | €416 | €713 | +€297 | +71.5% |
| Recurring financial charges | 65 | €416 | €713 | +€297 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €65,521 | €81,859 | +€16,338 | +24.9% |
| Transfer from deferred taxes | 780 | €3,084 | €4,370 | +€1,287 | +41.7% |
| Income taxes | 67/77 | €17,971 | €19,424 | +€1,453 | +8.1% |
| Profit (loss) for the period | 9904 | €50,634 | €66,806 | +€16,172 | +31.9% |
| Transfer from tax-exempt reserves | 789 | €9,251 | €13,111 | +€3,860 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,884 | €79,917 | +€20,032 | +33.5% |
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 16 October 2026 via checked.be.