BARF EXPRESS: what changed
BARF EXPRESS
Largest movements
- Tangible fixed assets +€31,019
up €31,019 (+235%), from €13,192 to €44,212
of which Furniture and vehicles: +€31,638
- Receivables within one year +€9,243
up €9,243 (+72.0%), from €12,844 to €22,086
of which Trade receivables: +€9,808
- Cash -€4,118
down €4,118 (-1.8%), from €223,389 to €219,272
mainly Investment in fixed assets (net) (-€42,920) and Receivables within one year (-€9,243)
- Profit (loss) carried forward +€42,634
up €42,634, from €0 to €42,634
- Gross operating margin +€18,730
up €18,730 (+17.4%), from €107,473 to €126,203
- Staff costs +€14,090
up €14,090 (+40.3%), from €35,006 to €49,096
- Depreciation +€4,424
up €4,424 (+59.2%), from €7,476 to €11,900
- Taxes -€2,712
down €2,712 (-13.5%), from €20,038 to €17,326
- Financial charges +€1,711
up €1,711 (+58.4%), from €2,932 to €4,643
of which Non-recurring financial charges: +€2,688
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,410 | €300,676 | +€38,266 | +14.6% |
| Fixed assets | 21/28 | €13,192 | €44,212 | +€31,019 | +235% |
| Tangible fixed assets | 22/27 | €13,192 | €44,212 | +€31,019 | +235% |
| Plant, machinery and equipment | 23 | €2,240 | €1,621 | -€619 | -27.6% |
| Furniture and vehicles | 24 | €10,953 | €42,591 | +€31,638 | +289% |
| Current assets | 29/58 | €249,218 | €256,464 | +€7,246 | +2.9% |
| Stocks and contracts in progress | 3 | €12,686 | €13,001 | +€316 | +2.5% |
| Stocks | 30/36 | €12,686 | €13,001 | +€316 | +2.5% |
| Amounts receivable within one year | 40/41 | €12,844 | €22,086 | +€9,243 | +72.0% |
| Trade receivables | 40 | €12,279 | €22,086 | +€9,808 | +79.9% |
| Other amounts receivable | 41 | €565 | €0 | -€565 | -100% |
| Cash at bank and in hand | 54/58 | €223,389 | €219,272 | -€4,118 | -1.8% |
| Deferred charges and accrued income | 490/1 | €300 | €2,105 | +€1,806 | +603% |
| Total equity and liabilities | 10/49 | €262,410 | €300,676 | +€38,266 | +14.6% |
| Equity | 10/15 | €208,493 | €251,127 | +€42,634 | +20.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €188,033 | €188,033 | = | 0.0% |
| Distributable reserves | 133 | €188,033 | €188,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €42,634 | +€42,634 | |
| Amounts payable | 17/49 | €53,917 | €49,550 | -€4,368 | -8.1% |
| Amounts payable within one year | 42/48 | €53,917 | €49,550 | -€4,368 | -8.1% |
| Trade debts | 44 | €46,307 | €43,601 | -€2,706 | -5.8% |
| Suppliers | 440/4 | €46,307 | €43,601 | -€2,706 | -5.8% |
| Taxes, remuneration and social security | 45 | €7,282 | €5,698 | -€1,584 | -21.8% |
| Taxes | 450/3 | €4,842 | €2,348 | -€2,494 | -51.5% |
| Remuneration and social security | 454/9 | €2,441 | €3,350 | +€910 | +37.3% |
| Other amounts payable | 47/48 | €328 | €251 | -€77 | -23.6% |
| Remuneration, social security and pensions | 62 | €35,006 | €49,096 | +€14,090 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,476 | €11,900 | +€4,424 | +59.2% |
| Other operating charges | 640/8 | €1,252 | €1,490 | +€238 | +19.0% |
| Gross operating margin | 9900 | €107,473 | €126,203 | +€18,730 | +17.4% |
| Operating profit (loss) | 9901 | €63,739 | €63,717 | -€22 | 0.0% |
| Financial income | 75/76B | €955 | €885 | -€70 | -7.3% |
| Recurring financial income | 75 | €955 | €885 | -€70 | -7.3% |
| Financial charges | 65/66B | €2,932 | €4,643 | +€1,711 | +58.4% |
| Recurring financial charges | 65 | €2,932 | €1,954 | -€978 | -33.3% |
| Non-recurring financial charges | 66B | - | €2,688 | +€2,688 | |
| Profit (loss) for the period before taxes | 9903 | €61,762 | €59,959 | -€1,803 | -2.9% |
| Income taxes | 67/77 | €20,038 | €17,326 | -€2,712 | -13.5% |
| Profit (loss) for the period | 9904 | €41,725 | €42,634 | +€909 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,725 | €42,634 | +€909 | +2.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.