Barenzo: 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.
Barenzo
Largest movements
- Cash -€60,372
down €60,372 (-45.8%), from €131,701 to €71,329
mainly Other debts (-€57,500) and Debts after one year (-€37,189)
- Tangible fixed assets -€47,273
down €47,273 (-12.5%), from €378,292 to €331,019
- Other debts -€57,500
no longer reported in 2025 (was €57,500)
- Debts after one year -€37,189
down €37,189 (-21.2%), from €175,033 to €137,844
of which Financial debts: -€37,189
- Tax, wage and social debts +€25,648
new in 2025: €25,648
of which Taxes: +€17,942
- Profit (loss) carried forward -€21,361
new in 2025: -€21,361
- Trade debts -€7,381
down €7,381 (-23.0%), from €32,088 to €24,706
- Gross operating margin -€45,549
down €45,549 (-17.0%), from €267,593 to €222,044
- Staff costs +€36,906
up €36,906 (+27.8%), from €132,554 to €169,460
- Taxes -€13,925
down €13,925, from €13,692 to -€232
- Financial income +€3,916
up €3,916 (+2,555%), from €153 to €4,069
of which Non-recurring financial income: +€4,000
- Financial charges +€3,641
up €3,641 (+31.6%), from €11,515 to €15,156
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 | €631,210 | €533,947 | -€97,263 | -15.4% |
| Fixed assets | 21/28 | €379,450 | €331,177 | -€48,273 | -12.7% |
| Intangible fixed assets | 21 | €1,158 | €158 | -€1,000 | -86.3% |
| Tangible fixed assets | 22/27 | €378,292 | €331,019 | -€47,273 | -12.5% |
| Land and buildings | 22 | €149,669 | €133,451 | -€16,218 | -10.8% |
| Plant, machinery and equipment | 23 | €148,121 | €130,987 | -€17,134 | -11.6% |
| Furniture and vehicles | 24 | €21,920 | €13,250 | -€8,670 | -39.6% |
| Other tangible fixed assets | 26 | €58,582 | €53,332 | -€5,250 | -9.0% |
| Current assets | 29/58 | €251,760 | €202,770 | -€48,991 | -19.5% |
| Amounts receivable after more than one year | 29 | €64,689 | €67,907 | +€3,218 | +5.0% |
| Other amounts receivable | 291 | €64,689 | €67,907 | +€3,218 | +5.0% |
| Stocks and contracts in progress | 3 | €9,343 | €12,927 | +€3,583 | +38.4% |
| Stocks | 30/36 | €9,343 | €12,927 | +€3,583 | +38.4% |
| Amounts receivable within one year | 40/41 | €44,112 | €47,290 | +€3,178 | +7.2% |
| Other amounts receivable | 41 | €44,112 | €47,290 | +€3,178 | +7.2% |
| Current investments | 50/53 | €1,915 | €1,958 | +€43 | +2.3% |
| Cash at bank and in hand | 54/58 | €131,701 | €71,329 | -€60,372 | -45.8% |
| Deferred charges and accrued income | 490/1 | - | €1,360 | +€1,360 | |
| Total equity and liabilities | 10/49 | €631,210 | €533,947 | -€97,263 | -15.4% |
| Equity | 10/15 | €303,155 | €281,793 | -€21,361 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,555 | €284,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €282,695 | €282,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€21,361 | -€21,361 | |
| Amounts payable | 17/49 | €328,056 | €252,154 | -€75,902 | -23.1% |
| Amounts payable after more than one year | 17 | €175,033 | €137,844 | -€37,189 | -21.2% |
| Financial debts | 170/4 | €171,477 | €134,288 | -€37,189 | -21.7% |
| Other amounts payable | 178/9 | €3,556 | €3,556 | = | 0.0% |
| Amounts payable within one year | 42/48 | €153,023 | €114,310 | -€38,713 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €63,435 | €63,955 | +€520 | +0.8% |
| Trade debts | 44 | €32,088 | €24,706 | -€7,381 | -23.0% |
| Suppliers | 440/4 | €32,088 | €24,706 | -€7,381 | -23.0% |
| Taxes, remuneration and social security | 45 | - | €25,648 | +€25,648 | |
| Taxes | 450/3 | - | €17,942 | +€17,942 | |
| Remuneration and social security | 454/9 | - | €7,706 | +€7,706 | |
| Other amounts payable | 47/48 | €57,500 | - | -€57,500 | |
| Remuneration, social security and pensions | 62 | €132,554 | €169,460 | +€36,906 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,392 | €59,046 | +€2,654 | +4.7% |
| Other operating charges | 640/8 | €4,675 | €4,045 | -€630 | -13.5% |
| Gross operating margin | 9900 | €267,593 | €222,044 | -€45,549 | -17.0% |
| Operating profit (loss) | 9901 | €73,972 | -€10,507 | -€84,479 | |
| Financial income | 75/76B | €153 | €4,069 | +€3,916 | +2,555% |
| Recurring financial income | 75 | €153 | €69 | -€84 | -55.0% |
| Non-recurring financial income | 76B | - | €4,000 | +€4,000 | |
| Financial charges | 65/66B | €11,515 | €15,156 | +€3,641 | +31.6% |
| Recurring financial charges | 65 | €11,515 | €15,156 | +€3,641 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €62,611 | -€21,594 | -€84,204 | |
| Income taxes | 67/77 | €13,692 | -€232 | -€13,925 | |
| Profit (loss) for the period | 9904 | €48,918 | -€21,361 | -€70,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,918 | -€21,361 | -€70,280 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.