BARELHOF: 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.
BARELHOF
Largest movements
- Intangible fixed assets +€55,642
new in 2025: €55,642
- Tangible fixed assets +€19,794
up €19,794 (+27.0%), from €73,403 to €93,197
of which Land and buildings: +€23,732
- Receivables within one year -€14,208
down €14,208 (-16.7%), from €84,998 to €70,791
of which Other amounts receivable: -€16,760
- Cash -€6,121
down €6,121 (-25.3%), from €24,165 to €18,043
mainly Investment in fixed assets (net) (-€101,571) and Tax, wage and social debts (-€37,788)
- Other debts +€48,702
up €48,702 (+123%), from €39,536 to €88,238
- Reserves +€48,053
new in 2025: €48,053
- Tax, wage and social debts -€37,788
down €37,788 (-94.9%), from €39,814 to €2,026
of which Remuneration and social security: -€37,823
- Debts after one year -€21,579
down €21,579 (-51.5%), from €41,891 to €20,312
- Trade debts +€19,027
up €19,027 (+36.4%), from €52,225 to €71,253
- Staff costs -€17,167
down €17,167 (-61.8%), from €27,767 to €10,600
- Gross operating margin +€9,068
up €9,068 (+10.9%), from €83,311 to €92,380
- Depreciation +€7,919
up €7,919 (+43.5%), from €18,216 to €26,135
- Financial charges -€3,550
down €3,550 (-49.4%), from €7,179 to €3,630
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 | €205,186 | €260,413 | +€55,227 | +26.9% |
| Fixed assets | 21/28 | €77,399 | €152,835 | +€75,436 | +97.5% |
| Intangible fixed assets | 21 | - | €55,642 | +€55,642 | |
| Tangible fixed assets | 22/27 | €73,403 | €93,197 | +€19,794 | +27.0% |
| Land and buildings | 22 | - | €23,732 | +€23,732 | |
| Plant, machinery and equipment | 23 | €73,403 | €69,466 | -€3,938 | -5.4% |
| Financial fixed assets | 28 | €3,995 | €3,995 | = | 0.0% |
| Current assets | 29/58 | €127,787 | €107,578 | -€20,209 | -15.8% |
| Stocks and contracts in progress | 3 | €11,650 | €11,650 | = | 0.0% |
| Stocks | 30/36 | €11,650 | €11,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,998 | €70,791 | -€14,208 | -16.7% |
| Trade receivables | 40 | €10,309 | €12,861 | +€2,553 | +24.8% |
| Other amounts receivable | 41 | €74,690 | €57,930 | -€16,760 | -22.4% |
| Cash at bank and in hand | 54/58 | €24,165 | €18,043 | -€6,121 | -25.3% |
| Deferred charges and accrued income | 490/1 | €6,974 | €7,094 | +€120 | +1.7% |
| Total equity and liabilities | 10/49 | €205,186 | €260,413 | +€55,227 | +26.9% |
| Equity | 10/15 | €18,098 | €66,653 | +€48,556 | +268% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €48,053 | +€48,053 | |
| Distributable reserves | 133 | - | €48,053 | +€48,053 | |
| Profit (loss) carried forward | 14 | -€502 | €0 | +€502 | |
| Amounts payable | 17/49 | €187,088 | €193,760 | +€6,672 | +3.6% |
| Amounts payable after more than one year | 17 | €41,891 | €20,312 | -€21,579 | -51.5% |
| Financial debts | 170/4 | €41,891 | €20,312 | -€21,579 | -51.5% |
| Amounts payable within one year | 42/48 | €145,197 | €173,448 | +€28,251 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €13,621 | €11,932 | -€1,690 | -12.4% |
| Trade debts | 44 | €52,225 | €71,253 | +€19,027 | +36.4% |
| Suppliers | 440/4 | €52,225 | €71,253 | +€19,027 | +36.4% |
| Taxes, remuneration and social security | 45 | €39,814 | €2,026 | -€37,788 | -94.9% |
| Taxes | 450/3 | - | €35 | +€35 | |
| Remuneration and social security | 454/9 | €39,814 | €1,991 | -€37,823 | -95.0% |
| Other amounts payable | 47/48 | €39,536 | €88,238 | +€48,702 | +123% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,767 | €10,600 | -€17,167 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,216 | €26,135 | +€7,919 | +43.5% |
| Other operating charges | 640/8 | €3,148 | €3,463 | +€315 | +10.0% |
| Gross operating margin | 9900 | €83,311 | €92,380 | +€9,068 | +10.9% |
| Operating profit (loss) | 9901 | €34,180 | €52,182 | +€18,002 | +52.7% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €7,179 | €3,630 | -€3,550 | -49.4% |
| Recurring financial charges | 65 | €7,179 | €3,630 | -€3,550 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €27,001 | €48,556 | +€21,555 | +79.8% |
| Profit (loss) for the period | 9904 | €27,001 | €48,556 | +€21,555 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,001 | €48,556 | +€21,555 | +79.8% |
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 24 October 2026 via checked.be.