BARIM: 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.
BARIM
Largest movements
- Receivables within one year +€125,884
up €125,884 (+33.1%), from €380,258 to €506,142
of which Other amounts receivable: +€163,194
- Cash -€104,341
down €104,341 (-43.0%), from €242,423 to €138,082
mainly Contributions, distributions and other (-€326,871) and Trade debts (-€260,681)
- Deferred charges and accrued income +€76,185
up €76,185 (+421%), from €18,092 to €94,277
- Reserves +€572,140
up €572,140 (+54.5%), from €1.1m to €1.6m
- Trade debts -€260,681
down €260,681 (-74.8%), from €348,398 to €87,718
- Debts after one year -€183,604
down €183,604 (-11.1%), from €1.7m to €1.5m
- Tax, wage and social debts +€170,013
up €170,013 (+284%), from €59,930 to €229,943
of which Taxes: +€178,079
- Short-term financial debts -€144,000
no longer reported in 2025 (was €144,000)
- Financial income +€355,233
up €355,233 (+143%), from €248,546 to €603,779
- Gross operating margin +€160,461
up €160,461 (+22.8%), from €702,398 to €862,859
- Taxes +€85,159
up €85,159 (+66.3%), from €128,529 to €213,688
- Staff costs -€32,561
down €32,561 (-16.1%), from €202,728 to €170,167
- Depreciation +€32,525
up €32,525 (+35.7%), from €91,053 to €123,578
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 | €3,707,769 | €3,787,259 | +€79,491 | +2.1% |
| Fixed assets | 21/28 | €3,066,995 | €3,048,758 | -€18,237 | -0.6% |
| Tangible fixed assets | 22/27 | €1,929,652 | €1,911,415 | -€18,237 | -0.9% |
| Land and buildings | 22 | €1,730,027 | €1,746,941 | +€16,914 | +1.0% |
| Furniture and vehicles | 24 | €34,351 | €18,177 | -€16,173 | -47.1% |
| Other tangible fixed assets | 26 | €165,274 | €146,296 | -€18,977 | -11.5% |
| Financial fixed assets | 28 | €1,137,343 | €1,137,343 | = | 0.0% |
| Current assets | 29/58 | €640,773 | €738,501 | +€97,728 | +15.3% |
| Amounts receivable within one year | 40/41 | €380,258 | €506,142 | +€125,884 | +33.1% |
| Trade receivables | 40 | €97,512 | €60,201 | -€37,311 | -38.3% |
| Other amounts receivable | 41 | €282,747 | €445,941 | +€163,194 | +57.7% |
| Cash at bank and in hand | 54/58 | €242,423 | €138,082 | -€104,341 | -43.0% |
| Deferred charges and accrued income | 490/1 | €18,092 | €94,277 | +€76,185 | +421% |
| Total equity and liabilities | 10/49 | €3,707,769 | €3,787,259 | +€79,491 | +2.1% |
| Equity | 10/15 | €1,162,732 | €1,727,585 | +€564,853 | +48.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,050,484 | €1,622,624 | +€572,140 | +54.5% |
| Distributable reserves | 133 | €1,050,484 | €1,622,624 | +€572,140 | +54.5% |
| Profit (loss) carried forward | 14 | €31,653 | €29,987 | -€1,666 | -5.3% |
| Investment grants | 15 | €70,595 | €64,974 | -€5,622 | -8.0% |
| Amounts payable | 17/49 | €2,545,036 | €2,059,674 | -€485,362 | -19.1% |
| Amounts payable after more than one year | 17 | €1,653,918 | €1,470,314 | -€183,604 | -11.1% |
| Financial debts | 170/4 | €1,653,918 | €1,470,314 | -€183,604 | -11.1% |
| Amounts payable within one year | 42/48 | €873,863 | €577,758 | -€296,105 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €299,170 | €230,636 | -€68,534 | -22.9% |
| Financial debts | 43 | €144,000 | - | -€144,000 | |
| Credit institutions | 430/8 | €144,000 | - | -€144,000 | |
| Trade debts | 44 | €348,398 | €87,718 | -€260,681 | -74.8% |
| Suppliers | 440/4 | €348,398 | €87,718 | -€260,681 | -74.8% |
| Taxes, remuneration and social security | 45 | €59,930 | €229,943 | +€170,013 | +284% |
| Taxes | 450/3 | €35,911 | €213,989 | +€178,079 | +496% |
| Remuneration and social security | 454/9 | €24,020 | €15,954 | -€8,065 | -33.6% |
| Other amounts payable | 47/48 | €22,364 | €29,460 | +€7,096 | +31.7% |
| Accrued charges and deferred income | 492/3 | €17,255 | €11,603 | -€5,653 | -32.8% |
| Remuneration, social security and pensions | 62 | €202,728 | €170,167 | -€32,561 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,053 | €123,578 | +€32,525 | +35.7% |
| Other operating charges | 640/8 | €1,337 | €264 | -€1,074 | -80.3% |
| Gross operating margin | 9900 | €702,398 | €862,859 | +€160,461 | +22.8% |
| Operating profit (loss) | 9901 | €407,280 | €568,851 | +€161,571 | +39.7% |
| Financial income | 75/76B | €248,546 | €603,779 | +€355,233 | +143% |
| Recurring financial income | 75 | €248,546 | €603,779 | +€355,233 | +143% |
| Financial charges | 65/66B | €43,261 | €67,218 | +€23,958 | +55.4% |
| Recurring financial charges | 65 | €43,261 | €67,218 | +€23,958 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €612,565 | €1,105,412 | +€492,847 | +80.5% |
| Income taxes | 67/77 | €128,529 | €213,688 | +€85,159 | +66.3% |
| Profit (loss) for the period | 9904 | €484,036 | €891,724 | +€407,687 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €484,036 | €891,724 | +€407,687 | +84.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.