BARMATT: 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.
BARMATT
Largest movements
- Cash -€18,094
down €18,094 (-38.1%), from €47,500 to €29,406
mainly Other debts (-€77,618) and Investment in fixed assets (net) (-€25,653)
- Tangible fixed assets -€16,181
down €16,181 (-18.3%), from €88,560 to €72,379
of which Plant, machinery and equipment: -€10,354
- Financial fixed assets +€15,000
new in 2025: €15,000
- Other debts -€77,618
down €77,618 (-87.0%), from €89,207 to €11,589
- Debts after one year +€50,000
new in 2025: €50,000
- Trade debts +€6,035
up €6,035 (+293.3%), from €2,057 to €8,092
- Profit (loss) carried forward +€4,222
up €4,222 (+12.0%), from €35,314 to €39,536
- Tax, wage and social debts -€1,740
down €1,740 (-63.8%), from €2,728 to €988
- Gross operating margin -€37,966
down €37,966 (-45.9%), from €82,796 to €44,830
- Depreciation -€10,281
down €10,281 (-27.6%), from €37,317 to €27,036
- Taxes +€8,296
new in 2025: €8,296
- Other operating charges -€3,579
down €3,579 (-42.8%), from €8,362 to €4,784
- Financial charges -€1,166
down €1,166 (-70.3%), from €1,660 to €493
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 | €139,306 | €120,205 | -€19,101 | -13.7% |
| Formation expenses | 20 | €301 | €100 | -€202 | -66.9% |
| Fixed assets | 21/28 | €88,560 | €87,379 | -€1,181 | -1.3% |
| Tangible fixed assets | 22/27 | €88,560 | €72,379 | -€16,181 | -18.3% |
| Land and buildings | 22 | €55,073 | €49,599 | -€5,474 | -9.9% |
| Plant, machinery and equipment | 23 | €32,708 | €22,354 | -€10,354 | -31.7% |
| Furniture and vehicles | 24 | €780 | €426 | -€353 | -45.3% |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €50,445 | €32,726 | -€17,719 | -35.1% |
| Stocks and contracts in progress | 3 | €2,945 | €3,320 | +€375 | +12.7% |
| Stocks | 30/36 | €2,945 | €3,320 | +€375 | +12.7% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €47,500 | €29,406 | -€18,094 | -38.1% |
| Total equity and liabilities | 10/49 | €139,306 | €120,205 | -€19,101 | -13.7% |
| Equity | 10/15 | €45,314 | €49,536 | +€4,222 | +9.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,314 | €39,536 | +€4,222 | +12.0% |
| Amounts payable | 17/49 | €93,993 | €70,669 | -€23,323 | -24.8% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €93,993 | €20,669 | -€73,323 | -78.0% |
| Trade debts | 44 | €2,057 | €8,092 | +€6,035 | +293.3% |
| Suppliers | 440/4 | €2,057 | €8,092 | +€6,035 | +293.3% |
| Taxes, remuneration and social security | 45 | €2,728 | €988 | -€1,740 | -63.8% |
| Taxes | 450/3 | €2,728 | €988 | -€1,740 | -63.8% |
| Other amounts payable | 47/48 | €89,207 | €11,589 | -€77,618 | -87.0% |
| Remuneration, social security and pensions | 62 | €144 | - | -€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,317 | €27,036 | -€10,281 | -27.6% |
| Other operating charges | 640/8 | €8,362 | €4,784 | -€3,579 | -42.8% |
| Gross operating margin | 9900 | €82,796 | €44,830 | -€37,966 | -45.9% |
| Operating profit (loss) | 9901 | €36,973 | €13,011 | -€23,963 | -64.8% |
| Financial charges | 65/66B | €1,660 | €493 | -€1,166 | -70.3% |
| Recurring financial charges | 65 | €1,660 | €493 | -€1,166 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €35,314 | €12,517 | -€22,796 | -64.6% |
| Income taxes | 67/77 | - | €8,296 | +€8,296 | |
| Profit (loss) for the period | 9904 | €35,314 | €4,222 | -€31,092 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,314 | €4,222 | -€31,092 | -88.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.