Bare Invest: 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.
Bare Invest
Largest movements
- Cash +€5,414
up €5,414 (+18.7%), from €29,012 to €34,426
mainly Net result for the year (+€10,333) and Depreciation (+€3,895)
- Tangible fixed assets -€3,895
down €3,895 (-2.3%), from €171,231 to €167,336
- Reserves +€10,333
up €10,333 (+46.9%), from €22,035 to €32,368
- Debts after one year -€6,299
down €6,299 (-4.6%), from €136,702 to €130,403
- Tax, wage and social debts -€3,105
down €3,105 (-97.8%), from €3,175 to €70
- Gross operating margin +€523
up €523 (+2.6%), from €19,850 to €20,373
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 | €200,791 | €202,309 | +€1,518 | +0.8% |
| Fixed assets | 21/28 | €171,231 | €167,336 | -€3,895 | -2.3% |
| Tangible fixed assets | 22/27 | €171,231 | €167,336 | -€3,895 | -2.3% |
| Land and buildings | 22 | €171,231 | €167,336 | -€3,895 | -2.3% |
| Current assets | 29/58 | €29,560 | €34,973 | +€5,414 | +18.3% |
| Amounts receivable within one year | 40/41 | €548 | €548 | = | 0.0% |
| Other amounts receivable | 41 | €548 | €548 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,012 | €34,426 | +€5,414 | +18.7% |
| Total equity and liabilities | 10/49 | €200,791 | €202,309 | +€1,518 | +0.8% |
| Equity | 10/15 | €24,535 | €34,868 | +€10,333 | +42.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,035 | €32,368 | +€10,333 | +46.9% |
| Distributable reserves | 133 | €22,035 | €32,368 | +€10,333 | +46.9% |
| Amounts payable | 17/49 | €176,256 | €167,441 | -€8,815 | -5.0% |
| Amounts payable after more than one year | 17 | €136,702 | €130,403 | -€6,299 | -4.6% |
| Financial debts | 170/4 | €136,702 | €130,403 | -€6,299 | -4.6% |
| Amounts payable within one year | 42/48 | €38,932 | €36,417 | -€2,515 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €6,183 | €6,299 | +€117 | +1.9% |
| Trade debts | 44 | €869 | €1,342 | +€473 | +54.4% |
| Suppliers | 440/4 | €869 | €1,342 | +€473 | +54.4% |
| Taxes, remuneration and social security | 45 | €3,175 | €70 | -€3,105 | -97.8% |
| Taxes | 450/3 | €3,175 | €70 | -€3,105 | -97.8% |
| Other amounts payable | 47/48 | €28,705 | €28,705 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €621 | €621 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,895 | €3,895 | = | 0.0% |
| Other operating charges | 640/8 | €663 | €678 | +€14 | +2.2% |
| Gross operating margin | 9900 | €19,850 | €20,373 | +€523 | +2.6% |
| Operating profit (loss) | 9901 | €15,291 | €15,800 | +€509 | +3.3% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €3,029 | €2,915 | -€114 | -3.8% |
| Recurring financial charges | 65 | €3,029 | €2,915 | -€114 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €12,262 | €12,911 | +€650 | +5.3% |
| Income taxes | 67/77 | €2,452 | €2,578 | +€126 | +5.1% |
| Profit (loss) for the period | 9904 | €9,809 | €10,333 | +€524 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,809 | €10,333 | +€524 | +5.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.