BARE: 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.
BARE
Largest movements
- Cash +€14,837
up €14,837 (+21.1%), from €70,200 to €85,037
mainly Net result for the year (+€27,817) and Trade debts (+€3,195)
- Tangible fixed assets +€6,769
up €6,769 (+422.2%), from €1,603 to €8,373
of which Furniture and vehicles: +€6,643
- Receivables within one year +€5,093
up €5,093 (+115.6%), from €4,408 to €9,501
of which Trade receivables: +€4,145
- Reserves +€27,817
up €27,817 (+37.5%), from €74,160 to €101,978
- Tax, wage and social debts -€3,582
down €3,582 (-67.8%), from €5,281 to €1,699
of which Remuneration and social security: -€2,642
- Trade debts +€3,195
up €3,195 (+332.2%), from €962 to €4,157
- Gross operating margin -€8,999
down €8,999 (-9.1%), from €98,614 to €89,615
- Staff costs -€5,430
down €5,430 (-9.3%), from €58,663 to €53,234
- Taxes -€3,574
down €3,574 (-43.2%), from €8,278 to €4,704
- Depreciation +€1,574
up €1,574 (+161.4%), from €975 to €2,549
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 | €86,576 | €112,235 | +€25,659 | +29.6% |
| Fixed assets | 21/28 | €1,603 | €8,373 | +€6,769 | +422.2% |
| Tangible fixed assets | 22/27 | €1,603 | €8,373 | +€6,769 | +422.2% |
| Plant, machinery and equipment | 23 | €780 | €905 | +€126 | +16.2% |
| Furniture and vehicles | 24 | €824 | €7,467 | +€6,643 | +806.3% |
| Current assets | 29/58 | €84,972 | €103,862 | +€18,890 | +22.2% |
| Stocks and contracts in progress | 3 | €2,099 | €1,599 | -€500 | -23.8% |
| Stocks | 30/36 | €2,099 | €1,599 | -€500 | -23.8% |
| Amounts receivable within one year | 40/41 | €4,408 | €9,501 | +€5,093 | +115.6% |
| Trade receivables | 40 | €572 | €4,717 | +€4,145 | +724.6% |
| Other amounts receivable | 41 | €3,836 | €4,784 | +€948 | +24.7% |
| Cash at bank and in hand | 54/58 | €70,200 | €85,037 | +€14,837 | +21.1% |
| Deferred charges and accrued income | 490/1 | €8,265 | €7,725 | -€541 | -6.5% |
| Total equity and liabilities | 10/49 | €86,576 | €112,235 | +€25,659 | +29.6% |
| Equity | 10/15 | €74,160 | €101,978 | +€27,817 | +37.5% |
| Reserves | 13 | €74,160 | €101,978 | +€27,817 | +37.5% |
| Distributable reserves | 133 | €74,160 | €101,978 | +€27,817 | +37.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,415 | €10,257 | -€2,158 | -17.4% |
| Amounts payable within one year | 42/48 | €10,437 | €8,993 | -€1,444 | -13.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €962 | €4,157 | +€3,195 | +332.2% |
| Suppliers | 440/4 | €962 | €4,157 | +€3,195 | +332.2% |
| Taxes, remuneration and social security | 45 | €5,281 | €1,699 | -€3,582 | -67.8% |
| Taxes | 450/3 | €973 | €33 | -€940 | -96.6% |
| Remuneration and social security | 454/9 | €4,308 | €1,666 | -€2,642 | -61.3% |
| Other amounts payable | 47/48 | €4,195 | €3,138 | -€1,057 | -25.2% |
| Accrued charges and deferred income | 492/3 | €1,978 | €1,264 | -€714 | -36.1% |
| Non-recurring operating income | 76A | - | €9,192 | +€9,192 | |
| Remuneration, social security and pensions | 62 | €58,663 | €53,234 | -€5,430 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975 | €2,549 | +€1,574 | +161.4% |
| Other operating charges | 640/8 | €1,085 | €798 | -€287 | -26.4% |
| Gross operating margin | 9900 | €98,614 | €89,615 | -€8,999 | -9.1% |
| Operating profit (loss) | 9901 | €37,891 | €33,034 | -€4,857 | -12.8% |
| Financial income | 75/76B | €1,066 | €1,016 | -€50 | -4.7% |
| Recurring financial income | 75 | €1,066 | €1,016 | -€50 | -4.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,359 | €1,529 | +€170 | +12.5% |
| Recurring financial charges | 65 | €1,359 | €749 | -€609 | -44.9% |
| Non-recurring financial charges | 66B | - | €780 | +€780 | |
| Profit (loss) for the period before taxes | 9903 | €37,598 | €32,521 | -€5,077 | -13.5% |
| Income taxes | 67/77 | €8,278 | €4,704 | -€3,574 | -43.2% |
| Profit (loss) for the period | 9904 | €29,320 | €27,817 | -€1,502 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,320 | €27,817 | -€1,502 | -5.1% |
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 28 September 2026 via checked.be.