BARDES: 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.
BARDES
Largest movements
- Tangible fixed assets +€30,827
up €30,827 (+41.9%), from €73,552 to €104,380
of which Furniture and vehicles: +€27,920
- Intangible fixed assets -€7,342
down €7,342 (-52.2%), from €14,074 to €6,732
- Receivables within one year +€5,591
up €5,591 (+1120.6%), from €499 to €6,090
of which Other amounts receivable: +€4,430
- Stocks and contracts +€5,460
up €5,460, from €0 to €5,460
- Other debts +€17,882
up €17,882 (+42.5%), from €42,077 to €59,959
- Debts after one year +€15,142
up €15,142 (+35.1%), from €43,126 to €58,269
- Current portion of long-term debt +€4,660
up €4,660 (+102.9%), from €4,530 to €9,189
- Trade debts -€2,886
down €2,886 (-97.0%), from €2,975 to €89
- Gross operating margin +€2,363
up €2,363 (+15.1%), from €15,699 to €18,062
- Depreciation +€2,324
up €2,324 (+18.4%), from €12,609 to €14,934
- Taxes -€298
no longer reported in 2025 (was €298)
- Financial charges +€234
up €234 (+14.0%), from €1,669 to €1,903
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 | €102,949 | €137,668 | +€34,719 | +33.7% |
| Fixed assets | 21/28 | €87,669 | €111,155 | +€23,486 | +26.8% |
| Intangible fixed assets | 21 | €14,074 | €6,732 | -€7,342 | -52.2% |
| Tangible fixed assets | 22/27 | €73,552 | €104,380 | +€30,827 | +41.9% |
| Land and buildings | 22 | €65,250 | €60,750 | -€4,500 | -6.9% |
| Plant, machinery and equipment | 23 | €8,184 | €15,592 | +€7,408 | +90.5% |
| Furniture and vehicles | 24 | €118 | €28,038 | +€27,920 | +23618.8% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €15,279 | €26,513 | +€11,234 | +73.5% |
| Stocks and contracts in progress | 3 | €0 | €5,460 | +€5,460 | |
| Stocks | 30/36 | €0 | €5,460 | +€5,460 | |
| Amounts receivable within one year | 40/41 | €499 | €6,090 | +€5,591 | +1120.6% |
| Trade receivables | 40 | €0 | €1,161 | +€1,161 | |
| Other amounts receivable | 41 | €499 | €4,929 | +€4,430 | +887.9% |
| Cash at bank and in hand | 54/58 | €13,955 | €14,145 | +€190 | +1.4% |
| Deferred charges and accrued income | 490/1 | €825 | €818 | -€8 | -0.9% |
| Total equity and liabilities | 10/49 | €102,949 | €137,668 | +€34,719 | +33.7% |
| Equity | 10/15 | €10,142 | €10,162 | +€20 | +0.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €108 | €108 | = | 0.0% |
| Distributable reserves | 133 | €108 | €108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34 | €54 | +€20 | +59.7% |
| Amounts payable | 17/49 | €92,807 | €127,506 | +€34,699 | +37.4% |
| Amounts payable after more than one year | 17 | €43,126 | €58,269 | +€15,142 | +35.1% |
| Financial debts | 170/4 | €43,126 | €58,269 | +€15,142 | +35.1% |
| Amounts payable within one year | 42/48 | €49,681 | €69,237 | +€19,557 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €4,530 | €9,189 | +€4,660 | +102.9% |
| Trade debts | 44 | €2,975 | €89 | -€2,886 | -97.0% |
| Suppliers | 440/4 | €2,975 | €89 | -€2,886 | -97.0% |
| Taxes, remuneration and social security | 45 | €99 | - | -€99 | |
| Taxes | 450/3 | €99 | - | -€99 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €42,077 | €59,959 | +€17,882 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,609 | €14,934 | +€2,324 | +18.4% |
| Other operating charges | 640/8 | €1,099 | €1,206 | +€107 | +9.7% |
| Gross operating margin | 9900 | €15,699 | €18,062 | +€2,363 | +15.1% |
| Operating profit (loss) | 9901 | €1,991 | €1,923 | -€68 | -3.4% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,669 | €1,903 | +€234 | +14.0% |
| Recurring financial charges | 65 | €1,669 | €1,903 | +€234 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €332 | €20 | -€312 | -93.9% |
| Income taxes | 67/77 | €298 | - | -€298 | |
| Profit (loss) for the period | 9904 | €34 | €20 | -€14 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34 | €20 | -€14 | -40.3% |
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 8 October 2026 via checked.be.