BARDANES: 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.
BARDANES
Largest movements
- Receivables within one year +€19,072
up €19,072 (+9.1%), from €208,634 to €227,706
- Cash -€11,941
down €11,941 (-66.2%), from €18,043 to €6,102
mainly Receivables within one year (-€19,072) and Investment in fixed assets (net) (-€1,043)
- Tax, wage and social debts +€4,021
up €4,021 (+225%), from €1,787 to €5,809
of which Remuneration and social security: +€3,000
- Profit (loss) carried forward +€3,228
up €3,228 (+125%), from €2,582 to €5,810
- Gross operating margin +€29,466
up €29,466, from -€23,199 to €6,266
- Taxes +€1,324
new in 2025: €1,324
- Depreciation +€409
up €409 (+189%), from €217 to €626
- Other operating charges -€263
down €263 (-40.4%), from €650 to €387
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 | €229,042 | €236,363 | +€7,321 | +3.2% |
| Fixed assets | 21/28 | €1,873 | €2,291 | +€417 | +22.3% |
| Tangible fixed assets | 22/27 | €1,093 | €1,510 | +€417 | +38.2% |
| Plant, machinery and equipment | 23 | €1,093 | €696 | -€397 | -36.3% |
| Furniture and vehicles | 24 | - | €814 | +€814 | |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €227,168 | €234,072 | +€6,904 | +3.0% |
| Amounts receivable within one year | 40/41 | €208,634 | €227,706 | +€19,072 | +9.1% |
| Trade receivables | 40 | €208,634 | €227,706 | +€19,072 | +9.1% |
| Cash at bank and in hand | 54/58 | €18,043 | €6,102 | -€11,941 | -66.2% |
| Deferred charges and accrued income | 490/1 | €491 | €264 | -€227 | -46.3% |
| Total equity and liabilities | 10/49 | €229,042 | €236,363 | +€7,321 | +3.2% |
| Equity | 10/15 | €23,642 | €26,870 | +€3,228 | +13.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,582 | €5,810 | +€3,228 | +125% |
| Amounts payable | 17/49 | €205,400 | €209,493 | +€4,093 | +2.0% |
| Amounts payable within one year | 42/48 | €205,400 | €209,493 | +€4,093 | +2.0% |
| Trade debts | 44 | €11,206 | €10,316 | -€890 | -7.9% |
| Suppliers | 440/4 | €11,206 | €10,316 | -€890 | -7.9% |
| Advances received on contracts in progress | 46 | €93,050 | €93,050 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,787 | €5,809 | +€4,021 | +225% |
| Taxes | 450/3 | €1,287 | €2,309 | +€1,021 | +79.4% |
| Remuneration and social security | 454/9 | €500 | €3,500 | +€3,000 | +600% |
| Other amounts payable | 47/48 | €99,357 | €100,319 | +€962 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217 | €626 | +€409 | +189% |
| Other operating charges | 640/8 | €650 | €387 | -€263 | -40.4% |
| Gross operating margin | 9900 | -€23,199 | €6,266 | +€29,466 | |
| Operating profit (loss) | 9901 | -€24,066 | €5,253 | +€29,320 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €217 | €104 | -€112 | -51.9% |
| Recurring financial charges | 65 | €217 | €104 | -€112 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,283 | €5,149 | +€29,432 | |
| Income taxes | 67/77 | - | €1,324 | +€1,324 | |
| Profit (loss) for the period | 9904 | -€24,283 | €3,825 | +€28,108 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,283 | €3,825 | +€28,108 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.