BAREXCO: 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.
BAREXCO
Largest movements
- Cash -€55,075
down €55,075 (-86.8%), from €63,485 to €8,410
mainly Contributions, distributions and other (-€37,500) and Other debts (-€25,246)
- Receivables within one year +€9,276
up €9,276 (+10317.3%), from €90 to €9,366
of which Other amounts receivable: +€9,276
- Tangible fixed assets -€6,089
down €6,089 (-82.1%), from €7,415 to €1,326
of which Furniture and vehicles: -€7,415
- Reserves -€30,000
down €30,000 (-10.6%), from €282,048 to €252,048
of which Distributable reserves: -€30,000
- Other debts -€25,246
down €25,246 (-76.3%), from €33,096 to €7,850
- Profit (loss) carried forward +€5,907
up €5,907 (+118.3%), from €4,994 to €10,901
- Trade debts -€3,585
down €3,585 (-88.1%), from €4,070 to €485
- Turnover -€81,569
down €81,569 (-92.6%), from €88,106 to €6,537
- Gross operating margin -€42,995
down €42,995 (-85.3%), from €50,421 to €7,427
- Purchases and services -€32,074
down €32,074 (-58.0%), from €55,295 to €23,221
- Financial income +€4,777
up €4,777 (+36.6%), from €13,048 to €17,825
- Taxes +€1,792
up €1,792 (+98.7%), from €1,816 to €3,607
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 | €332,160 | €279,198 | -€52,962 | -15.9% |
| Fixed assets | 21/28 | €7,415 | €1,326 | -€6,089 | -82.1% |
| Tangible fixed assets | 22/27 | €7,415 | €1,326 | -€6,089 | -82.1% |
| Land and buildings | 22 | €0 | €1,326 | +€1,326 | |
| Furniture and vehicles | 24 | €7,415 | - | -€7,415 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €324,745 | €277,872 | -€46,873 | -14.4% |
| Amounts receivable within one year | 40/41 | €90 | €9,366 | +€9,276 | +10317.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €90 | €9,366 | +€9,276 | +10317.3% |
| Current investments | 50/53 | €258,150 | €258,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,485 | €8,410 | -€55,075 | -86.8% |
| Deferred charges and accrued income | 490/1 | €3,020 | €1,946 | -€1,074 | -35.6% |
| Total equity and liabilities | 10/49 | €332,160 | €279,198 | -€52,962 | -15.9% |
| Equity | 10/15 | €293,242 | €269,149 | -€24,093 | -8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €282,048 | €252,048 | -€30,000 | -10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €280,188 | €250,188 | -€30,000 | -10.7% |
| Profit (loss) carried forward | 14 | €4,994 | €10,901 | +€5,907 | +118.3% |
| Amounts payable | 17/49 | €38,918 | €10,049 | -€28,869 | -74.2% |
| Amounts payable within one year | 42/48 | €38,869 | €9,167 | -€29,702 | -76.4% |
| Trade debts | 44 | €4,070 | €485 | -€3,585 | -88.1% |
| Suppliers | 440/4 | €4,070 | €485 | -€3,585 | -88.1% |
| Taxes, remuneration and social security | 45 | €1,703 | €832 | -€871 | -51.1% |
| Taxes | 450/3 | €1,703 | €832 | -€871 | -51.1% |
| Other amounts payable | 47/48 | €33,096 | €7,850 | -€25,246 | -76.3% |
| Accrued charges and deferred income | 492/3 | €49 | €882 | +€833 | +1694.3% |
| Turnover | 70 | €88,106 | €6,537 | -€81,569 | -92.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €55,295 | €23,221 | -€32,074 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,400 | €6,089 | -€1,311 | -17.7% |
| Other operating charges | 640/8 | €1,963 | €1,740 | -€223 | -11.4% |
| Gross operating margin | 9900 | €50,421 | €7,427 | -€42,995 | -85.3% |
| Operating profit (loss) | 9901 | €41,058 | -€402 | -€41,461 | |
| Financial income | 75/76B | €13,048 | €17,825 | +€4,777 | +36.6% |
| Recurring financial income | 75 | €13,048 | €17,825 | +€4,777 | +36.6% |
| Financial charges | 65/66B | €1,172 | €408 | -€764 | -65.2% |
| Recurring financial charges | 65 | €1,172 | €408 | -€764 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €52,934 | €17,014 | -€35,920 | -67.9% |
| Income taxes | 67/77 | €1,816 | €3,607 | +€1,792 | +98.7% |
| Profit (loss) for the period | 9904 | €51,118 | €13,407 | -€37,711 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,118 | €13,407 | -€37,711 | -73.8% |
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 7 October 2026 via checked.be.