BARFA: 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.
BARFA
Largest movements
- Tangible fixed assets +€3,326
new in 2025: €3,326
- Stocks and contracts -€3,305
down €3,305 (-53.3%), from €6,195 to €2,890
- Cash +€3,242
up €3,242 (+34.0%), from €9,541 to €12,782
mainly Tax, wage and social debts (+€3,391) and Stocks and contracts (+€3,305)
- Tax, wage and social debts +€3,391
up €3,391 (+269.2%), from €1,259 to €4,650
of which Remuneration and social security: +€3,600
- Profit (loss) carried forward -€1,221
down €1,221 (-11.1%), from -€11,003 to -€12,224
- Debts after one year +€1,016
up €1,016 (+21.9%), from €4,639 to €5,654
- Trade debts +€259
up €259, from €0 to €259
- Gross operating margin -€2,994
down €2,994 (-85.9%), from €3,485 to €491
- Other operating charges -€186
down €186 (-11.0%), from €1,691 to €1,505
- Financial income -€60
down €60 (-68.8%), from €87 to €27
- Depreciation +€44
up €44, from €0 to €44
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 | €17,658 | €21,103 | +€3,445 | +19.5% |
| Fixed assets | 21/28 | - | €3,326 | +€3,326 | |
| Tangible fixed assets | 22/27 | - | €3,326 | +€3,326 | |
| Plant, machinery and equipment | 23 | - | €3,326 | +€3,326 | |
| Current assets | 29/58 | €17,658 | €17,778 | +€119 | +0.7% |
| Stocks and contracts in progress | 3 | €6,195 | €2,890 | -€3,305 | -53.3% |
| Stocks | 30/36 | €6,195 | €2,890 | -€3,305 | -53.3% |
| Amounts receivable within one year | 40/41 | €492 | €653 | +€162 | +32.9% |
| Trade receivables | 40 | €492 | €345 | -€147 | -30.0% |
| Other amounts receivable | 41 | €0 | €309 | +€309 | |
| Cash at bank and in hand | 54/58 | €9,541 | €12,782 | +€3,242 | +34.0% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,452 | +€21 | +1.5% |
| Total equity and liabilities | 10/49 | €17,658 | €21,103 | +€3,445 | +19.5% |
| Equity | 10/15 | €11,760 | €10,540 | -€1,221 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,163 | €4,163 | = | 0.0% |
| Distributable reserves | 133 | €4,163 | €4,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,003 | -€12,224 | -€1,221 | -11.1% |
| Amounts payable | 17/49 | €5,898 | €10,564 | +€4,666 | +79.1% |
| Amounts payable after more than one year | 17 | €4,639 | €5,654 | +€1,016 | +21.9% |
| Other amounts payable | 178/9 | €4,639 | €5,654 | +€1,016 | +21.9% |
| Amounts payable within one year | 42/48 | €1,259 | €4,909 | +€3,650 | +289.8% |
| Trade debts | 44 | €0 | €259 | +€259 | |
| Suppliers | 440/4 | €0 | €259 | +€259 | |
| Taxes, remuneration and social security | 45 | €1,259 | €4,650 | +€3,391 | +269.2% |
| Taxes | 450/3 | €1,259 | €1,050 | -€209 | -16.6% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €44 | +€44 | |
| Other operating charges | 640/8 | €1,691 | €1,505 | -€186 | -11.0% |
| Gross operating margin | 9900 | €3,485 | €491 | -€2,994 | -85.9% |
| Operating profit (loss) | 9901 | €1,794 | -€1,058 | -€2,851 | |
| Financial income | 75/76B | €87 | €27 | -€60 | -68.8% |
| Recurring financial income | 75 | €87 | €27 | -€60 | -68.8% |
| Financial charges | 65/66B | €201 | €190 | -€10 | -5.2% |
| Recurring financial charges | 65 | €201 | €190 | -€10 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €1,680 | -€1,221 | -€2,901 | |
| Profit (loss) for the period | 9904 | €1,680 | -€1,221 | -€2,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,680 | -€1,221 | -€2,901 |
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 8 October 2026 via checked.be.