BARDES: 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.
BARDES
Largest movements
- Cash -€238,765
down €238,765 (-95.9%), from €248,967 to €10,203
mainly Contributions, distributions and other (-€195,100) and Net result for the year (-€26,360)
- Tangible fixed assets +€20,647
new in 2025: €20,647
- Reserves -€203,500
down €203,500 (-94.9%), from €214,360 to €10,860
of which Distributable reserves: -€203,500
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Debts after one year +€14,563
new in 2025: €14,563
- Tax, wage and social debts -€11,000
no longer reported in 2025 (was €11,000)
- Current portion of long-term debt +€4,744
new in 2025: €4,744
- Gross operating margin -€246,667
down €246,667, from €224,030 to -€22,637
- Staff costs -€176,273
no longer reported in 2025 (was €176,273)
- Taxes -€6,353
down €6,353 (-92.8%), from €6,844 to €491
- Other operating charges -€3,844
down €3,844 (-68.7%), from €5,595 to €1,751
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 | €249,419 | €30,849 | -€218,569 | -87.6% |
| Fixed assets | 21/28 | - | €20,647 | +€20,647 | |
| Tangible fixed assets | 22/27 | - | €20,647 | +€20,647 | |
| Furniture and vehicles | 24 | - | €20,647 | +€20,647 | |
| Current assets | 29/58 | €249,419 | €10,203 | -€239,216 | -95.9% |
| Amounts receivable within one year | 40/41 | €451 | - | -€451 | |
| Trade receivables | 40 | €104 | - | -€104 | |
| Other amounts receivable | 41 | €348 | - | -€348 | |
| Cash at bank and in hand | 54/58 | €248,967 | €10,203 | -€238,765 | -95.9% |
| Total equity and liabilities | 10/49 | €249,419 | €30,849 | -€218,569 | -87.6% |
| Equity | 10/15 | €233,003 | €11,543 | -€221,460 | -95.0% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €214,360 | €10,860 | -€203,500 | -94.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €212,500 | €9,000 | -€203,500 | -95.8% |
| Profit (loss) carried forward | 14 | €43 | €683 | +€640 | +1,481% |
| Amounts payable | 17/49 | €16,415 | €19,307 | +€2,891 | +17.6% |
| Amounts payable after more than one year | 17 | - | €14,563 | +€14,563 | |
| Financial debts | 170/4 | - | €14,563 | +€14,563 | |
| Amounts payable within one year | 42/48 | €16,415 | €4,744 | -€11,672 | -71.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,744 | +€4,744 | |
| Trade debts | 44 | €4,114 | - | -€4,114 | |
| Suppliers | 440/4 | €4,114 | - | -€4,114 | |
| Taxes, remuneration and social security | 45 | €11,000 | - | -€11,000 | |
| Taxes | 450/3 | €11,000 | - | -€11,000 | |
| Other amounts payable | 47/48 | €1,301 | - | -€1,301 | |
| Remuneration, social security and pensions | 62 | €176,273 | - | -€176,273 | |
| Other operating charges | 640/8 | €5,595 | €1,751 | -€3,844 | -68.7% |
| Gross operating margin | 9900 | €224,030 | -€22,637 | -€246,667 | |
| Operating profit (loss) | 9901 | €42,161 | -€24,388 | -€66,549 | |
| Financial income | 75/76B | €112 | - | -€112 | |
| Recurring financial income | 75 | €112 | - | -€112 | |
| Financial charges | 65/66B | €3,686 | €1,481 | -€2,204 | -59.8% |
| Recurring financial charges | 65 | €3,686 | €1,481 | -€2,204 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €38,587 | -€25,870 | -€64,457 | |
| Income taxes | 67/77 | €6,844 | €491 | -€6,353 | -92.8% |
| Profit (loss) for the period | 9904 | €31,744 | -€26,360 | -€58,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,744 | -€26,360 | -€58,104 |
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 14 October 2026 via checked.be.