BARELAU: 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.
What changed
BARELAU
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€37,395
2024 · -€37,582+€188
Equity
€545,797
2024 · €583,193-€37,396
Cash
€10,305
2024 · €18,063-€7,757
Balance sheet total
€1.2m
2024 · €1.2m-€53,011
Largest movements
Assets
- Tangible fixed assets -€46,893
down €46,893 (-5.2%), from €909,934 to €863,041
of which Land and buildings: -€33,607
Equity and liabilities
- Profit (loss) carried forward -€30,853
down €30,853 (-8.3%), from €372,637 to €341,784
- Reserves -€13,651
down €13,651 (-9.8%), from €139,465 to €125,814
of which Non-distributable reserves: -€7,109
Income statement
- Other operating charges +€784
up €784 (+14.1%), from €5,576 to €6,361
- Gross operating margin +€559
up €559 (+1.3%), from €42,198 to €42,757
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.
Result 2024
-€37,582
Gross operating margin
+€559
Depreciation
+€309
Other operating charges
-€784
Financial income
+€0
Financial charges
+€104
Result 2025
-€37,395
raises the resultlowers the result
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.
From operations
+€5,963
Investment
-€5,701
Financing
-€8,019
Cash 2024
€18,063
From operations (derived)
+€5,963
Net result for the year
-€37,395
Depreciation
+€52,594
Receivables within one year
-€516
Deferred charges and accrued income
-€1,123
Provisions
-€3,271
Trade debts
+€1,314
Other debts
-€5,641
Investment (derived)
-€5,701
Investment in fixed assets (net)
-€5,701
Financing
-€8,019
Debts after one year
-€8,137
Current portion of long-term debt
+€119
Contributions, distributions and other
-€1
Cash 2025
€10,305
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,238,457 | €1,185,446 | -€53,011 | -4.3% |
| Fixed assets | 21/28 | €909,934 | €863,041 | -€46,893 | -5.2% |
| Tangible fixed assets | 22/27 | €909,934 | €863,041 | -€46,893 | -5.2% |
| Land and buildings | 22 | €875,426 | €841,819 | -€33,607 | -3.8% |
| Plant, machinery and equipment | 23 | €3,523 | €1,608 | -€1,915 | -54.4% |
| Furniture and vehicles | 24 | €30,985 | €19,615 | -€11,370 | -36.7% |
| Current assets | 29/58 | €328,523 | €322,405 | -€6,118 | -1.9% |
| Amounts receivable within one year | 40/41 | €159 | €675 | +€516 | +324% |
| Other amounts receivable | 41 | €159 | €675 | +€516 | +324% |
| Current investments | 50/53 | €308,597 | €308,597 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,063 | €10,305 | -€7,757 | -42.9% |
| Deferred charges and accrued income | 490/1 | €1,704 | €2,827 | +€1,123 | +65.9% |
| Total equity and liabilities | 10/49 | €1,238,457 | €1,185,446 | -€53,011 | -4.3% |
| Equity | 10/15 | €583,193 | €545,797 | -€37,396 | -6.4% |
| Contributions | 10/11 | €71,092 | €78,200 | +€7,108 | +10.0% |
| Reserves | 13 | €139,465 | €125,814 | -€13,651 | -9.8% |
| Non-distributable reserves | 130/1 | €7,109 | - | -€7,109 | |
| Reserves not available under the articles | 1311 | €7,109 | - | -€7,109 | |
| Tax-exempt reserves | 132 | €130,256 | €123,715 | -€6,542 | -5.0% |
| Distributable reserves | 133 | €2,099 | €2,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €372,637 | €341,784 | -€30,853 | -8.3% |
| Provisions and deferred taxes | 16 | €566,770 | €563,499 | -€3,271 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €502,907 | €502,907 | = | 0.0% |
| Pensions and similar obligations | 160 | €502,907 | €502,907 | = | 0.0% |
| Deferred taxes | 168 | €63,863 | €60,592 | -€3,271 | -5.1% |
| Amounts payable | 17/49 | €88,494 | €76,149 | -€12,344 | -13.9% |
| Amounts payable after more than one year | 17 | €15,009 | €6,872 | -€8,137 | -54.2% |
| Financial debts | 170/4 | €15,009 | €6,872 | -€8,137 | -54.2% |
| Amounts payable within one year | 42/48 | €73,485 | €69,277 | -€4,208 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €8,018 | €8,137 | +€119 | +1.5% |
| Trade debts | 44 | €2,195 | €3,509 | +€1,314 | +59.9% |
| Suppliers | 440/4 | €2,195 | €3,509 | +€1,314 | +59.9% |
| Other amounts payable | 47/48 | €63,272 | €57,631 | -€5,641 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,903 | €52,594 | -€309 | -0.6% |
| Other operating charges | 640/8 | €5,576 | €6,361 | +€784 | +14.1% |
| Gross operating margin | 9900 | €42,198 | €42,757 | +€559 | +1.3% |
| Operating profit (loss) | 9901 | -€16,281 | -€16,198 | +€83 | +0.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +500% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +500% |
| Financial charges | 65/66B | €24,572 | €24,468 | -€104 | -0.4% |
| Recurring financial charges | 65 | €24,572 | €24,468 | -€104 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,853 | -€40,665 | +€188 | +0.5% |
| Transfer from deferred taxes | 780 | €3,271 | €3,271 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€37,582 | -€37,395 | +€188 | +0.5% |
| Transfer from tax-exempt reserves | 789 | €6,542 | €6,542 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,041 | -€30,853 | +€188 | +0.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.