BARENTZ: 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.
BARENTZ
Largest movements
- Receivables within one year -€1.7m
down €1.7m (-28.8%), from €5.8m to €4.1m
of which Other amounts receivable: -€837,445
- Tangible fixed assets +€314,904
up €314,904 (+26.1%), from €1.2m to €1.5m
of which Furniture and vehicles: +€362,363
- Cash -€130,490
down €130,490 (-27.4%), from €475,556 to €345,066
mainly Contributions, distributions and other (-€2.0m) and Other debts (-€1.0m)
- Other debts -€1.0m
down €1.0m (-33.3%), from €3.0m to €2.0m
- Reserves -€739,433
down €739,433 (-78.1%), from €946,690 to €207,257
of which Distributable reserves: -€739,433
- Trade debts +€396,421
up €396,421 (+365.9%), from €108,346 to €504,767
- Tax, wage and social debts -€107,486
down €107,486 (-9.5%), from €1.1m to €1.0m
of which Taxes: -€58,057
- Gross operating margin -€1.6m
down €1.6m (-20.0%), from €7.8m to €6.2m
- Taxes -€564,641
down €564,641 (-57.0%), from €991,373 to €426,732
- Staff costs +€255,233
up €255,233 (+6.2%), from €4.1m to €4.4m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,475,651 | €5,973,728 | -€1.5m | -20.1% |
| Fixed assets | 21/28 | €1,211,926 | €1,526,829 | +€314,903 | +26.0% |
| Tangible fixed assets | 22/27 | €1,204,496 | €1,519,400 | +€314,904 | +26.1% |
| Land and buildings | 22 | €636,182 | €588,859 | -€47,323 | -7.4% |
| Plant, machinery and equipment | 23 | €136 | - | -€136 | |
| Furniture and vehicles | 24 | €568,178 | €930,541 | +€362,363 | +63.8% |
| Financial fixed assets | 28 | €7,430 | €7,429 | -€1 | 0.0% |
| Current assets | 29/58 | €6,263,725 | €4,446,899 | -€1.8m | -29.0% |
| Amounts receivable within one year | 40/41 | €5,756,250 | €4,097,169 | -€1.7m | -28.8% |
| Trade receivables | 40 | €1,541,027 | €719,391 | -€821,636 | -53.3% |
| Other amounts receivable | 41 | €4,215,223 | €3,377,778 | -€837,445 | -19.9% |
| Cash at bank and in hand | 54/58 | €475,556 | €345,066 | -€130,490 | -27.4% |
| Deferred charges and accrued income | 490/1 | €31,919 | €4,664 | -€27,255 | -85.4% |
| Total equity and liabilities | 10/49 | €7,475,651 | €5,973,728 | -€1.5m | -20.1% |
| Equity | 10/15 | €2,583,091 | €1,843,658 | -€739,433 | -28.6% |
| Contributions | 10/11 | €272,370 | €272,370 | = | 0.0% |
| Capital | 10 | €272,300 | €272,300 | = | 0.0% |
| Issued capital | 100 | €272,300 | €272,300 | = | 0.0% |
| Outside capital | 11 | €70 | €70 | = | 0.0% |
| Share premium | 1100/10 | €70 | €70 | = | 0.0% |
| Reserves | 13 | €946,690 | €207,257 | -€739,433 | -78.1% |
| Non-distributable reserves | 130/1 | €27,230 | €27,230 | = | 0.0% |
| Legal reserve | 130 | €27,230 | €27,230 | = | 0.0% |
| Distributable reserves | 133 | €919,460 | €180,027 | -€739,433 | -80.4% |
| Profit (loss) carried forward | 14 | €1,364,031 | €1,364,031 | = | 0.0% |
| Amounts payable | 17/49 | €4,892,560 | €4,130,070 | -€762,490 | -15.6% |
| Amounts payable after more than one year | 17 | €603,411 | €551,079 | -€52,332 | -8.7% |
| Financial debts | 170/4 | €603,411 | €551,079 | -€52,332 | -8.7% |
| Amounts payable within one year | 42/48 | €4,289,149 | €3,578,991 | -€710,158 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €51,534 | €52,441 | +€907 | +1.8% |
| Trade debts | 44 | €108,346 | €504,767 | +€396,421 | +365.9% |
| Suppliers | 440/4 | €108,346 | €504,767 | +€396,421 | +365.9% |
| Taxes, remuneration and social security | 45 | €1,129,269 | €1,021,783 | -€107,486 | -9.5% |
| Taxes | 450/3 | €217,302 | €159,245 | -€58,057 | -26.7% |
| Remuneration and social security | 454/9 | €911,967 | €862,538 | -€49,429 | -5.4% |
| Other amounts payable | 47/48 | €3,000,000 | €2,000,000 | -€1.0m | -33.3% |
| Remuneration, social security and pensions | 62 | €4,129,502 | €4,384,735 | +€255,233 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,240 | €154,986 | +€18,746 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,378 | - | -€14,378 | |
| Other operating charges | 640/8 | €49,838 | €57,285 | +€7,447 | +14.9% |
| Gross operating margin | 9900 | €7,772,904 | €6,218,823 | -€1.6m | -20.0% |
| Operating profit (loss) | 9901 | €3,442,946 | €1,621,817 | -€1.8m | -52.9% |
| Financial income | 75/76B | €77,162 | €97,292 | +€20,130 | +26.1% |
| Recurring financial income | 75 | €77,162 | €97,292 | +€20,130 | +26.1% |
| Financial charges | 65/66B | €45,674 | €31,809 | -€13,865 | -30.4% |
| Recurring financial charges | 65 | €45,674 | €31,809 | -€13,865 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €3,474,434 | €1,687,300 | -€1.8m | -51.4% |
| Income taxes | 67/77 | €991,373 | €426,732 | -€564,641 | -57.0% |
| Profit (loss) for the period | 9904 | €2,483,061 | €1,260,568 | -€1.2m | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,483,061 | €1,260,568 | -€1.2m | -49.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.