Barge Company: what changed
What changed
Barge Company
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
€244,481
2024 · €150,853+€93,628
Equity
€376,908
2024 · €534,943-€158,036
Cash
€87,024
2024 · €91,654-€4,631
Balance sheet total
€6.6m
2024 · €9.3m-€2.7m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-82.8%), from €2.0m to €337,302
of which Other amounts receivable: -€1.6m
- Tangible fixed assets -€815,752
down €815,752 (-11.7%), from €7.0m to €6.2m
of which Plant, machinery and equipment: -€825,000
- Financial fixed assets -€205,500
down €205,500 (-100%), from €205,500 to €0
Equity and liabilities
- Other debts -€2.0m
down €2.0m (-85.0%), from €2.4m to €356,087
- Short-term financial debts -€1.4m
down €1.4m (-94.3%), from €1.5m to €86,431
of which Other loans: -€1.5m
- Debts after one year +€876,125
up €876,125 (+21.5%), from €4.1m to €5.0m
- Revaluation surpluses -€400,000
down €400,000 (-100%), from €400,000 to €0
- Current portion of long-term debt +€250,450
up €250,450 (+61.1%), from €409,734 to €660,184
Income statement
- Gross operating margin +€185,579
up €185,579 (+22.6%), from €819,943 to €1.0m
- Taxes +€100,869
up €100,869 (+116%), from €86,641 to €187,510
- Staff costs -€44,518
down €44,518 (-43.6%), from €102,167 to €57,649
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.
Result 2024
€150,853
Gross operating margin
+€185,579
Staff costs
+€44,518
Depreciation
+€215
Other operating charges
-€1,146
Other operating items
-€23,840
Financial income
-€1,200
Financial charges
-€9,629
Taxes
-€100,869
Result 2025
€244,481
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€115,114
Investment
+€595,387
Financing
-€715,131
Cash 2024
€91,654
From operations (derived)
+€115,114
Net result for the year
+€244,481
Depreciation
+€425,865
Receivables after one year
+€84,000
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€894
Trade debts
-€163,015
Tax, wage and social debts
-€76,629
Other debts
-€2.0m
Investment (derived)
+€595,387
Investment in fixed assets (net)
+€595,387
Financing
-€715,131
Debts after one year
+€876,125
Current portion of long-term debt
+€250,450
Short-term financial debts
-€1.4m
Contributions, distributions and other
-€402,517
Cash 2025
€87,024
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,343,771 | €6,611,241 | -€2.7m | -29.2% |
| Fixed assets | 21/28 | €7,199,270 | €6,178,018 | -€1.0m | -14.2% |
| Tangible fixed assets | 22/27 | €6,993,770 | €6,178,018 | -€815,752 | -11.7% |
| Plant, machinery and equipment | 23 | €6,986,339 | €6,161,339 | -€825,000 | -11.8% |
| Furniture and vehicles | 24 | €7,431 | €16,679 | +€9,248 | +124% |
| Financial fixed assets | 28 | €205,500 | €0 | -€205,500 | -100% |
| Current assets | 29/58 | €2,144,501 | €433,223 | -€1.7m | -79.8% |
| Amounts receivable after more than one year | 29 | €84,000 | €0 | -€84,000 | -100% |
| Other amounts receivable | 291 | €84,000 | €0 | -€84,000 | -100% |
| Amounts receivable within one year | 40/41 | €1,959,055 | €337,302 | -€1.6m | -82.8% |
| Trade receivables | 40 | €68,134 | €12,007 | -€56,127 | -82.4% |
| Other amounts receivable | 41 | €1,890,922 | €325,296 | -€1.6m | -82.8% |
| Cash at bank and in hand | 54/58 | €91,654 | €87,024 | -€4,631 | -5.1% |
| Deferred charges and accrued income | 490/1 | €9,792 | €8,897 | -€894 | -9.1% |
| Total equity and liabilities | 10/49 | €9,343,771 | €6,611,241 | -€2.7m | -29.2% |
| Equity | 10/15 | €534,943 | €376,908 | -€158,036 | -29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €400,000 | €0 | -€400,000 | -100% |
| Reserves | 13 | €116,343 | €358,308 | +€241,964 | +208% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €114,483 | €358,308 | +€243,824 | +213% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,808,828 | €6,234,333 | -€2.6m | -29.2% |
| Amounts payable after more than one year | 17 | €4,080,000 | €4,956,125 | +€876,125 | +21.5% |
| Financial debts | 170/4 | €4,080,000 | €4,956,125 | +€876,125 | +21.5% |
| Amounts payable within one year | 42/48 | €4,728,828 | €1,278,208 | -€3.5m | -73.0% |
| Current portion of amounts payable after more than one year | 42 | €409,734 | €660,184 | +€250,450 | +61.1% |
| Financial debts | 43 | €1,525,621 | €86,431 | -€1.4m | -94.3% |
| Credit institutions | 430/8 | €3,621 | €86,431 | +€82,810 | +2,287% |
| Other loans | 439 | €1,522,000 | €0 | -€1.5m | -100% |
| Trade debts | 44 | €208,974 | €45,959 | -€163,015 | -78.0% |
| Suppliers | 440/4 | €208,974 | €45,959 | -€163,015 | -78.0% |
| Taxes, remuneration and social security | 45 | €206,177 | €129,548 | -€76,629 | -37.2% |
| Taxes | 450/3 | €193,481 | €129,548 | -€63,933 | -33.0% |
| Remuneration and social security | 454/9 | €12,696 | €0 | -€12,696 | -100% |
| Other amounts payable | 47/48 | €2,378,322 | €356,087 | -€2.0m | -85.0% |
| Non-recurring operating income | 76A | €0 | €55,000 | +€55,000 | |
| Remuneration, social security and pensions | 62 | €102,167 | €57,649 | -€44,518 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426,080 | €425,865 | -€215 | -0.1% |
| Other operating charges | 640/8 | €4,071 | €5,217 | +€1,146 | +28.1% |
| Non-recurring operating charges | 66A | - | €23,840 | +€23,840 | |
| Gross operating margin | 9900 | €819,943 | €1,005,522 | +€185,579 | +22.6% |
| Operating profit (loss) | 9901 | €287,625 | €492,951 | +€205,326 | +71.4% |
| Financial income | 75/76B | €59,624 | €58,424 | -€1,200 | -2.0% |
| Recurring financial income | 75 | €59,624 | €58,424 | -€1,200 | -2.0% |
| Financial charges | 65/66B | €109,755 | €119,384 | +€9,629 | +8.8% |
| Recurring financial charges | 65 | €109,755 | €119,384 | +€9,629 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €237,494 | €431,991 | +€194,497 | +81.9% |
| Income taxes | 67/77 | €86,641 | €187,510 | +€100,869 | +116% |
| Profit (loss) for the period | 9904 | €150,853 | €244,481 | +€93,628 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150,853 | €244,481 | +€93,628 | +62.1% |
Next steps
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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 8 November 2026 via checked.be.