BARENO: 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.
BARENO
Largest movements
- Cash -€41,214
down €41,214 (-76.3%), from €54,027 to €12,813
mainly Accrued charges and deferred income (-€75,000) and Receivables within one year (-€40,796)
- Receivables within one year +€40,796
up €40,796 (+40.4%), from €100,881 to €141,677
of which Trade receivables: +€50,057
- Tangible fixed assets +€28,424
up €28,424 (+1654.1%), from €1,718 to €30,143
of which Furniture and vehicles: +€24,838
- Accrued charges and deferred income -€75,000
no longer reported in 2025 (was €75,000)
- Reserves +€58,723
up €58,723 (+156.4%), from €37,552 to €96,275
- Trade debts +€15,474
up €15,474 (+290.8%), from €5,322 to €20,796
- Tax, wage and social debts +€14,346
up €14,346 (+150.1%), from €9,556 to €23,903
of which Taxes: +€7,570
- Other debts +€14,128
up €14,128 (+51.9%), from €27,226 to €41,354
- Gross operating margin +€62,334
up €62,334 (+77.0%), from €80,964 to €143,299
- Staff costs +€22,250
up €22,250 (+67.5%), from €32,956 to €55,205
- Depreciation +€6,611
up €6,611 (+4947.8%), from €134 to €6,745
- Taxes +€6,374
up €6,374 (+66.7%), from €9,556 to €15,930
- Other operating charges +€5,879
up €5,879 (+754.8%), from €779 to €6,658
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 | €157,656 | €185,327 | +€27,671 | +17.6% |
| Fixed assets | 21/28 | €1,718 | €30,838 | +€29,119 | +1694.5% |
| Tangible fixed assets | 22/27 | €1,718 | €30,143 | +€28,424 | +1654.1% |
| Plant, machinery and equipment | 23 | €1,718 | €5,305 | +€3,586 | +208.7% |
| Furniture and vehicles | 24 | - | €24,838 | +€24,838 | |
| Financial fixed assets | 28 | - | €695 | +€695 | |
| Current assets | 29/58 | €155,937 | €154,490 | -€1,448 | -0.9% |
| Amounts receivable within one year | 40/41 | €100,881 | €141,677 | +€40,796 | +40.4% |
| Trade receivables | 40 | €87,604 | €137,661 | +€50,057 | +57.1% |
| Other amounts receivable | 41 | €13,277 | €4,016 | -€9,262 | -69.8% |
| Cash at bank and in hand | 54/58 | €54,027 | €12,813 | -€41,214 | -76.3% |
| Deferred charges and accrued income | 490/1 | €1,029 | - | -€1,029 | |
| Total equity and liabilities | 10/49 | €157,656 | €185,327 | +€27,671 | +17.6% |
| Equity | 10/15 | €40,552 | €99,275 | +€58,723 | +144.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,552 | €96,275 | +€58,723 | +156.4% |
| Distributable reserves | 133 | €37,552 | €96,275 | +€58,723 | +156.4% |
| Amounts payable | 17/49 | €117,104 | €86,052 | -€31,052 | -26.5% |
| Amounts payable within one year | 42/48 | €42,104 | €86,052 | +€43,948 | +104.4% |
| Trade debts | 44 | €5,322 | €20,796 | +€15,474 | +290.8% |
| Suppliers | 440/4 | €5,322 | €20,796 | +€15,474 | +290.8% |
| Taxes, remuneration and social security | 45 | €9,556 | €23,903 | +€14,346 | +150.1% |
| Taxes | 450/3 | €9,556 | €17,126 | +€7,570 | +79.2% |
| Remuneration and social security | 454/9 | - | €6,776 | +€6,776 | |
| Other amounts payable | 47/48 | €27,226 | €41,354 | +€14,128 | +51.9% |
| Accrued charges and deferred income | 492/3 | €75,000 | - | -€75,000 | |
| Remuneration, social security and pensions | 62 | €32,956 | €55,205 | +€22,250 | +67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €6,745 | +€6,611 | +4947.8% |
| Other operating charges | 640/8 | €779 | €6,658 | +€5,879 | +754.8% |
| Gross operating margin | 9900 | €80,964 | €143,299 | +€62,334 | +77.0% |
| Operating profit (loss) | 9901 | €47,096 | €74,690 | +€27,594 | +58.6% |
| Financial income | 75/76B | €40 | €4 | -€36 | -91.0% |
| Recurring financial income | 75 | €40 | €4 | -€36 | -91.0% |
| Financial charges | 65/66B | €28 | €40 | +€13 | +45.9% |
| Recurring financial charges | 65 | €28 | €40 | +€13 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €47,108 | €74,654 | +€27,546 | +58.5% |
| Income taxes | 67/77 | €9,556 | €15,930 | +€6,374 | +66.7% |
| Profit (loss) for the period | 9904 | €37,552 | €58,723 | +€21,172 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,552 | €58,723 | +€21,172 | +56.4% |
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 6 October 2026 via checked.be.