BARN Invest: what changed
BARN Invest
Largest movements
- Stocks and contracts -€213,400
down €213,400 (-46.4%), from €459,881 to €246,482
- Receivables within one year +€104,892
up €104,892 (+584%), from €17,966 to €122,858
- Cash +€50,878
up €50,878 (+6,628%), from €768 to €51,646
mainly Stocks and contracts (+€213,400) and Net result for the year (+€60,629)
- Tangible fixed assets -€19,000
down €19,000 (-27.5%), from €68,973 to €49,973
- Debts after one year -€72,708
down €72,708 (-35.9%), from €202,708 to €130,000
- Other debts -€59,672
down €59,672 (-18.3%), from €325,843 to €266,171
- Reserves +€38,500
new in 2025: €38,500
- Profit (loss) carried forward +€22,129
up €22,129, from -€21,699 to €430
- Trade debts -€14,628
down €14,628 (-100%), from €14,628 to €0
- Gross operating margin +€87,840
up €87,840 (+514%), from €17,079 to €104,919
- Taxes +€10,981
up €10,981 (+3,080%), from €357 to €11,338
- Depreciation -€10,190
down €10,190 (-34.9%), from €29,190 to €19,000
- Financial charges +€7,070
up €7,070 (+94.9%), from €7,450 to €14,520
- Other operating charges -€2,933
down €2,933 (-78.2%), from €3,749 to €816
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,183 | €472,706 | -€76,477 | -13.9% |
| Fixed assets | 21/28 | €68,973 | €49,973 | -€19,000 | -27.5% |
| Tangible fixed assets | 22/27 | €68,973 | €49,973 | -€19,000 | -27.5% |
| Furniture and vehicles | 24 | €68,973 | €49,973 | -€19,000 | -27.5% |
| Current assets | 29/58 | €480,211 | €422,733 | -€57,477 | -12.0% |
| Stocks and contracts in progress | 3 | €459,881 | €246,482 | -€213,400 | -46.4% |
| Stocks | 30/36 | €459,881 | €246,482 | -€213,400 | -46.4% |
| Amounts receivable within one year | 40/41 | €17,966 | €122,858 | +€104,892 | +584% |
| Trade receivables | 40 | €17,966 | €122,858 | +€104,892 | +584% |
| Cash at bank and in hand | 54/58 | €768 | €51,646 | +€50,878 | +6,628% |
| Deferred charges and accrued income | 490/1 | €1,595 | €1,747 | +€152 | +9.5% |
| Total equity and liabilities | 10/49 | €549,183 | €472,706 | -€76,477 | -13.9% |
| Equity | 10/15 | -€1,699 | €58,930 | +€60,629 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €38,500 | +€38,500 | |
| Distributable reserves | 133 | - | €38,500 | +€38,500 | |
| Profit (loss) carried forward | 14 | -€21,699 | €430 | +€22,129 | |
| Amounts payable | 17/49 | €550,883 | €413,776 | -€137,107 | -24.9% |
| Amounts payable after more than one year | 17 | €202,708 | €130,000 | -€72,708 | -35.9% |
| Financial debts | 170/4 | €202,708 | €130,000 | -€72,708 | -35.9% |
| Amounts payable within one year | 42/48 | €348,174 | €283,025 | -€65,150 | -18.7% |
| Trade debts | 44 | €14,628 | €0 | -€14,628 | -100% |
| Suppliers | 440/4 | €14,628 | €0 | -€14,628 | -100% |
| Taxes, remuneration and social security | 45 | €7,704 | €16,854 | +€9,150 | +119% |
| Taxes | 450/3 | €7,704 | €16,854 | +€9,150 | +119% |
| Other amounts payable | 47/48 | €325,843 | €266,171 | -€59,672 | -18.3% |
| Accrued charges and deferred income | 492/3 | - | €751 | +€751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,190 | €19,000 | -€10,190 | -34.9% |
| Other operating charges | 640/8 | €3,749 | €816 | -€2,933 | -78.2% |
| Gross operating margin | 9900 | €17,079 | €104,919 | +€87,840 | +514% |
| Operating profit (loss) | 9901 | -€15,861 | €85,103 | +€100,963 | |
| Financial income | 75/76B | €1,968 | €1,384 | -€584 | -29.7% |
| Recurring financial income | 75 | €1,968 | €1,384 | -€584 | -29.7% |
| Financial charges | 65/66B | €7,450 | €14,520 | +€7,070 | +94.9% |
| Recurring financial charges | 65 | €7,450 | €14,520 | +€7,070 | +94.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,343 | €71,967 | +€93,310 | |
| Income taxes | 67/77 | €357 | €11,338 | +€10,981 | +3,080% |
| Profit (loss) for the period | 9904 | -€21,699 | €60,629 | +€82,329 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,699 | €60,629 | +€82,329 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.