BARN Projects: 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.
BARN Projects
Largest movements
- Tangible fixed assets +€884,408
up €884,408 (+60.0%), from €1.5m to €2.4m
of which Land and buildings: +€913,990
- Financial fixed assets +€140,000
up €140,000 (+58.3%), from €240,000 to €380,000
- Receivables within one year +€63,360
up €63,360 (+103.0%), from €61,491 to €124,852
of which Trade receivables: +€58,127
- Debts after one year +€614,652
up €614,652 (+40.2%), from €1.5m to €2.1m
- Trade debts +€322,489
up €322,489 (+2187.3%), from €14,743 to €337,233
- Reserves +€110,341
up €110,341 (+46.9%), from €235,396 to €345,737
- Current portion of long-term debt +€82,408
up €82,408 (+645.6%), from €12,764 to €95,172
- Depreciation -€128,364
down €128,364 (-66.4%), from €193,442 to €65,078
- Financial charges +€54,286
up €54,286 (+2680.9%), from €2,025 to €56,311
- Gross operating margin +€25,849
up €25,849 (+11.6%), from €223,428 to €249,277
- Other operating charges -€19,346
down €19,346 (-77.9%), from €24,831 to €5,485
- Taxes +€4,267
up €4,267 (+276.0%), from €1,546 to €5,813
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 | €1,864,532 | €2,976,570 | +€1.1m | +59.6% |
| Fixed assets | 21/28 | €1,715,099 | €2,739,507 | +€1.0m | +59.7% |
| Tangible fixed assets | 22/27 | €1,475,099 | €2,359,507 | +€884,408 | +60.0% |
| Land and buildings | 22 | €1,395,455 | €2,309,444 | +€913,990 | +65.5% |
| Plant, machinery and equipment | 23 | €19,223 | €12,223 | -€7,000 | -36.4% |
| Furniture and vehicles | 24 | €47,922 | €31,590 | -€16,332 | -34.1% |
| Other tangible fixed assets | 26 | €12,500 | €6,250 | -€6,250 | -50.0% |
| Financial fixed assets | 28 | €240,000 | €380,000 | +€140,000 | +58.3% |
| Current assets | 29/58 | €149,433 | €237,063 | +€87,630 | +58.6% |
| Amounts receivable within one year | 40/41 | €61,491 | €124,852 | +€63,360 | +103.0% |
| Trade receivables | 40 | €57,538 | €115,665 | +€58,127 | +101.0% |
| Other amounts receivable | 41 | €3,954 | €9,187 | +€5,233 | +132.4% |
| Cash at bank and in hand | 54/58 | €87,941 | €112,211 | +€24,270 | +27.6% |
| Total equity and liabilities | 10/49 | €1,864,532 | €2,976,570 | +€1.1m | +59.6% |
| Equity | 10/15 | €253,946 | €364,287 | +€110,341 | +43.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €235,396 | €345,737 | +€110,341 | +46.9% |
| Distributable reserves | 133 | €235,396 | €345,737 | +€110,341 | +46.9% |
| Amounts payable | 17/49 | €1,610,586 | €2,612,283 | +€1.0m | +62.2% |
| Amounts payable after more than one year | 17 | €1,530,338 | €2,144,991 | +€614,652 | +40.2% |
| Financial debts | 170/4 | €1,530,338 | €2,144,991 | +€614,652 | +40.2% |
| Amounts payable within one year | 42/48 | €78,548 | €465,493 | +€386,945 | +492.6% |
| Current portion of amounts payable after more than one year | 42 | €12,764 | €95,172 | +€82,408 | +645.6% |
| Trade debts | 44 | €14,743 | €337,233 | +€322,489 | +2187.3% |
| Suppliers | 440/4 | €14,743 | €337,233 | +€322,489 | +2187.3% |
| Taxes, remuneration and social security | 45 | €26,443 | €13,407 | -€13,036 | -49.3% |
| Taxes | 450/3 | €26,443 | €13,407 | -€13,036 | -49.3% |
| Other amounts payable | 47/48 | €24,598 | €19,681 | -€4,917 | -20.0% |
| Accrued charges and deferred income | 492/3 | €1,700 | €1,800 | +€100 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,442 | €65,078 | -€128,364 | -66.4% |
| Other operating charges | 640/8 | €24,831 | €5,485 | -€19,346 | -77.9% |
| Non-recurring operating charges | 66A | - | €6,250 | +€6,250 | |
| Gross operating margin | 9900 | €223,428 | €249,277 | +€25,849 | +11.6% |
| Operating profit (loss) | 9901 | €5,155 | €172,464 | +€167,309 | +3245.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,025 | €56,311 | +€54,286 | +2680.9% |
| Recurring financial charges | 65 | €2,025 | €56,311 | +€54,286 | +2680.9% |
| Profit (loss) for the period before taxes | 9903 | €3,131 | €116,154 | +€113,024 | +3610.4% |
| Income taxes | 67/77 | €1,546 | €5,813 | +€4,267 | +276.0% |
| Profit (loss) for the period | 9904 | €1,584 | €110,341 | +€108,757 | +6865.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,584 | €110,341 | +€108,757 | +6865.0% |
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 12 October 2026 via checked.be.