BARMAN: 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.
BARMAN
Largest movements
- Receivables within one year -€56,679
down €56,679 (-90.1%), from €62,896 to €6,217
- Tangible fixed assets -€25,056
down €25,056 (-4.2%), from €595,389 to €570,333
of which Leasing and similar rights: -€18,197
- Cash -€8,723
down €8,723 (-18.8%), from €46,287 to €37,564
mainly Debts after one year (-€70,261) and Accrued charges and deferred income (-€30,000)
- Debts after one year -€70,261
down €70,261 (-38.5%), from €182,296 to €112,036
- Trade debts +€30,482
up €30,482 (+81.1%), from €37,574 to €68,055
- Accrued charges and deferred income -€30,000
no longer reported in 2025 (was €30,000)
- Other debts -€20,884
down €20,884 (-44.5%), from €46,964 to €26,080
- Short-term financial debts -€14,000
no longer reported in 2025 (was €14,000)
- Gross operating margin -€32,012
down €32,012 (-33.6%), from €95,261 to €63,249
- Provisions -€6,530
new in 2025: -€6,530
- Depreciation -€4,518
down €4,518 (-11.2%), from €40,394 to €35,875
- Financial charges +€4,184
up €4,184 (+32.7%), from €12,799 to €16,983
- Other operating charges +€1,971
up €1,971 (+50.8%), from €3,881 to €5,852
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 | €763,759 | €678,434 | -€85,324 | -11.2% |
| Fixed assets | 21/28 | €595,489 | €570,333 | -€25,156 | -4.2% |
| Tangible fixed assets | 22/27 | €595,389 | €570,333 | -€25,056 | -4.2% |
| Land and buildings | 22 | €331,439 | €317,706 | -€13,733 | -4.1% |
| Plant, machinery and equipment | 23 | €6,723 | €7,557 | +€834 | +12.4% |
| Furniture and vehicles | 24 | €216,466 | €222,506 | +€6,040 | +2.8% |
| Leasing and similar rights | 25 | €40,761 | €22,564 | -€18,197 | -44.6% |
| Financial fixed assets | 28 | €99 | - | -€99 | |
| Current assets | 29/58 | €168,270 | €108,101 | -€60,169 | -35.8% |
| Stocks and contracts in progress | 3 | €59,087 | €64,320 | +€5,233 | +8.9% |
| Stocks | 30/36 | €59,087 | €64,320 | +€5,233 | +8.9% |
| Amounts receivable within one year | 40/41 | €62,896 | €6,217 | -€56,679 | -90.1% |
| Trade receivables | 40 | €62,896 | €6,217 | -€56,679 | -90.1% |
| Cash at bank and in hand | 54/58 | €46,287 | €37,564 | -€8,723 | -18.8% |
| Total equity and liabilities | 10/49 | €763,759 | €678,434 | -€85,324 | -11.2% |
| Equity | 10/15 | €445,007 | €463,947 | +€18,940 | +4.3% |
| Contributions | 10/11 | €32,000 | €40,000 | +€8,000 | +25.0% |
| Reserves | 13 | €109,000 | €109,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,007 | €314,947 | +€10,940 | +3.6% |
| Provisions and deferred taxes | 16 | €6,530 | - | -€6,530 | |
| Provisions for liabilities and charges | 160/5 | €6,530 | - | -€6,530 | |
| Pensions and similar obligations | 160 | €6,530 | - | -€6,530 | |
| Amounts payable | 17/49 | €312,222 | €214,487 | -€97,735 | -31.3% |
| Amounts payable after more than one year | 17 | €182,296 | €112,036 | -€70,261 | -38.5% |
| Financial debts | 170/4 | €182,296 | €112,036 | -€70,261 | -38.5% |
| Amounts payable within one year | 42/48 | €99,925 | €102,451 | +€2,526 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,112 | +€7,112 | |
| Financial debts | 43 | €14,000 | - | -€14,000 | |
| Other loans | 439 | €14,000 | - | -€14,000 | |
| Trade debts | 44 | €37,574 | €68,055 | +€30,482 | +81.1% |
| Suppliers | 440/4 | €37,574 | €68,055 | +€30,482 | +81.1% |
| Taxes, remuneration and social security | 45 | €1,387 | €1,204 | -€183 | -13.2% |
| Taxes | 450/3 | €1,387 | €1,204 | -€183 | -13.2% |
| Other amounts payable | 47/48 | €46,964 | €26,080 | -€20,884 | -44.5% |
| Accrued charges and deferred income | 492/3 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,394 | €35,875 | -€4,518 | -11.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,530 | -€6,530 | |
| Other operating charges | 640/8 | €3,881 | €5,852 | +€1,971 | +50.8% |
| Gross operating margin | 9900 | €95,261 | €63,249 | -€32,012 | -33.6% |
| Operating profit (loss) | 9901 | €50,986 | €28,052 | -€22,935 | -45.0% |
| Financial income | 75/76B | €53 | €0 | -€53 | -99.6% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -99.6% |
| Financial charges | 65/66B | €12,799 | €16,983 | +€4,184 | +32.7% |
| Recurring financial charges | 65 | €12,799 | €16,983 | +€4,184 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €38,240 | €11,069 | -€27,171 | -71.1% |
| Income taxes | 67/77 | €121 | €129 | +€7 | +6.1% |
| Profit (loss) for the period | 9904 | €38,119 | €10,940 | -€27,179 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,119 | €10,940 | -€27,179 | -71.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.