Barlini: 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.
Barlini
Largest movements
- Receivables within one year +€18,073
up €18,073 (+78.1%), from €23,151 to €41,224
of which Trade receivables: +€9,167
- Tangible fixed assets -€14,828
down €14,828 (-20.3%), from €73,026 to €58,198
- Cash +€8,512
up €8,512 (+17.1%), from €49,742 to €58,254
mainly Net result for the year (+€19,771) and Depreciation (+€19,564)
- Stocks and contracts -€4,149
down €4,149 (-41.5%), from €10,000 to €5,851
- Reserves +€19,771
up €19,771 (+22.1%), from €89,556 to €109,327
- Debts after one year -€19,630
down €19,630 (-56.4%), from €34,790 to €15,160
- Tax, wage and social debts -€7,068
down €7,068 (-81.3%), from €8,698 to €1,630
of which Taxes: -€4,920
- Trade debts +€6,003
up €6,003 (+75.6%), from €7,943 to €13,947
- Short-term financial debts +€5,014
new in 2025: €5,014
- Gross operating margin +€10,047
up €10,047 (+22.6%), from €44,412 to €54,459
- Taxes +€3,013
up €3,013 (+47.2%), from €6,386 to €9,399
- Depreciation +€947
up €947 (+5.1%), from €18,617 to €19,564
- Financial income +€787
up €787 (+9,122%), from €9 to €796
- Other operating charges +€769
up €769 (+211%), from €365 to €1,134
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 | €159,339 | €166,338 | +€6,999 | +4.4% |
| Fixed assets | 21/28 | €73,026 | €58,198 | -€14,828 | -20.3% |
| Tangible fixed assets | 22/27 | €73,026 | €58,198 | -€14,828 | -20.3% |
| Land and buildings | 22 | €18,039 | €18,039 | = | 0.0% |
| Plant, machinery and equipment | 23 | €27,456 | €24,335 | -€3,121 | -11.4% |
| Furniture and vehicles | 24 | €4,524 | €3,163 | -€1,361 | -30.1% |
| Leasing and similar rights | 25 | €17,850 | €11,850 | -€5,999 | -33.6% |
| Other tangible fixed assets | 26 | €5,157 | €810 | -€4,347 | -84.3% |
| Current assets | 29/58 | €86,312 | €108,140 | +€21,828 | +25.3% |
| Stocks and contracts in progress | 3 | €10,000 | €5,851 | -€4,149 | -41.5% |
| Stocks | 30/36 | €10,000 | €5,851 | -€4,149 | -41.5% |
| Amounts receivable within one year | 40/41 | €23,151 | €41,224 | +€18,073 | +78.1% |
| Trade receivables | 40 | €1,474 | €10,641 | +€9,167 | +622% |
| Other amounts receivable | 41 | €21,677 | €30,583 | +€8,906 | +41.1% |
| Cash at bank and in hand | 54/58 | €49,742 | €58,254 | +€8,512 | +17.1% |
| Deferred charges and accrued income | 490/1 | €3,419 | €2,812 | -€608 | -17.8% |
| Total equity and liabilities | 10/49 | €159,339 | €166,338 | +€6,999 | +4.4% |
| Equity | 10/15 | €91,556 | €111,327 | +€19,771 | +21.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €89,556 | €109,327 | +€19,771 | +22.1% |
| Distributable reserves | 133 | €89,556 | €109,327 | +€19,771 | +22.1% |
| Amounts payable | 17/49 | €67,782 | €55,011 | -€12,772 | -18.8% |
| Amounts payable after more than one year | 17 | €34,790 | €15,160 | -€19,630 | -56.4% |
| Financial debts | 170/4 | €34,790 | €15,160 | -€19,630 | -56.4% |
| Amounts payable within one year | 42/48 | €32,992 | €39,851 | +€6,859 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €16,351 | €19,260 | +€2,909 | +17.8% |
| Financial debts | 43 | - | €5,014 | +€5,014 | |
| Credit institutions | 430/8 | - | €5,014 | +€5,014 | |
| Trade debts | 44 | €7,943 | €13,947 | +€6,003 | +75.6% |
| Suppliers | 440/4 | €7,943 | €13,947 | +€6,003 | +75.6% |
| Taxes, remuneration and social security | 45 | €8,698 | €1,630 | -€7,068 | -81.3% |
| Taxes | 450/3 | €6,550 | €1,630 | -€4,920 | -75.1% |
| Remuneration and social security | 454/9 | €2,149 | - | -€2,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,617 | €19,564 | +€947 | +5.1% |
| Other operating charges | 640/8 | €365 | €1,134 | +€769 | +211% |
| Gross operating margin | 9900 | €44,412 | €54,459 | +€10,047 | +22.6% |
| Operating profit (loss) | 9901 | €25,430 | €33,761 | +€8,331 | +32.8% |
| Financial income | 75/76B | €9 | €796 | +€787 | +9,122% |
| Recurring financial income | 75 | €9 | €796 | +€787 | +9,122% |
| Financial charges | 65/66B | €4,972 | €5,387 | +€415 | +8.3% |
| Recurring financial charges | 65 | €4,972 | €5,387 | +€415 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €20,466 | €29,170 | +€8,703 | +42.5% |
| Income taxes | 67/77 | €6,386 | €9,399 | +€3,013 | +47.2% |
| Profit (loss) for the period | 9904 | €14,081 | €19,771 | +€5,690 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,081 | €19,771 | +€5,690 | +40.4% |
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.