BARDEAUX: what changed
Two fiscal 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.
BARDEAUX
Largest movements
- Tangible fixed assets -€8,955
down €8,955 (-69.7%), from €12,851 to €3,896
of which Plant, machinery and equipment: -€8,902
- Cash +€7,273
up €7,273 (+304.8%), from €2,386 to €9,659
mainly Depreciation (+€8,955) and Tax, wage and social debts (+€970)
- Other debts -€2,208
down €2,208 (-1.8%), from €123,954 to €121,747
- Tax, wage and social debts +€970
up €970 (+1490.3%), from €65 to €1,035
- Profit (loss) carried forward -€472
down €472 (-0.4%), from -€123,125 to -€123,597
- Gross operating margin +€13,550
up €13,550, from -€4,470 to €9,080
- Depreciation -€147
down €147 (-1.6%), from €9,102 to €8,955
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.
Cash bridge derived
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 | €16,606 | €14,946 | -€1,660 | -10.0% |
| Fixed assets | 21/28 | €12,851 | €3,896 | -€8,955 | -69.7% |
| Tangible fixed assets | 22/27 | €12,851 | €3,896 | -€8,955 | -69.7% |
| Plant, machinery and equipment | 23 | €12,798 | €3,896 | -€8,902 | -69.6% |
| Furniture and vehicles | 24 | €53 | - | -€53 | |
| Current assets | 29/58 | €3,755 | €11,050 | +€7,295 | +194.3% |
| Amounts receivable within one year | 40/41 | €57 | €30 | -€28 | -48.3% |
| Other amounts receivable | 41 | €57 | €30 | -€28 | -48.3% |
| Cash at bank and in hand | 54/58 | €2,386 | €9,659 | +€7,273 | +304.8% |
| Deferred charges and accrued income | 490/1 | €1,312 | €1,361 | +€49 | +3.7% |
| Total equity and liabilities | 10/49 | €16,606 | €14,946 | -€1,660 | -10.0% |
| Equity | 10/15 | -€108,725 | -€109,197 | -€472 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,125 | -€123,597 | -€472 | -0.4% |
| Amounts payable | 17/49 | €125,331 | €124,143 | -€1,188 | -0.9% |
| Amounts payable within one year | 42/48 | €125,331 | €124,143 | -€1,188 | -0.9% |
| Trade debts | 44 | €1,312 | €1,361 | +€49 | +3.7% |
| Suppliers | 440/4 | €1,312 | €1,361 | +€49 | +3.7% |
| Taxes, remuneration and social security | 45 | €65 | €1,035 | +€970 | +1490.3% |
| Taxes | 450/3 | €65 | €1,035 | +€970 | +1490.3% |
| Other amounts payable | 47/48 | €123,954 | €121,747 | -€2,208 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,102 | €8,955 | -€147 | -1.6% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€4,470 | €9,080 | +€13,550 | |
| Operating profit (loss) | 9901 | -€14,085 | -€403 | +€13,682 | +97.1% |
| Financial charges | 65/66B | €72 | €69 | -€3 | -4.2% |
| Recurring financial charges | 65 | €72 | €69 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,157 | -€472 | +€13,685 | +96.7% |
| Profit (loss) for the period | 9904 | -€14,157 | -€472 | +€13,685 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,157 | -€472 | +€13,685 | +96.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.