BARNS: 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.
BARNS
Largest movements
- Receivables within one year -€48,969
down €48,969 (-61.2%), from €80,045 to €31,076
of which Trade receivables: -€55,241
- Stocks and contracts +€24,917
up €24,917 (+64.0%), from €38,962 to €63,879
of which Stocks: +€17,176
- Tangible fixed assets -€16,914
down €16,914 (-20.3%), from €83,146 to €66,232
of which Land and buildings: -€8,951
- Other debts -€41,750
down €41,750 (-28.8%), from €145,061 to €103,311
- Trade debts +€4,239
up €4,239 (+162%), from €2,615 to €6,854
- Gross operating margin -€3,457
down €3,457 (-10.8%), from €31,885 to €28,428
- Depreciation +€1,482
up €1,482 (+6.6%), from €22,540 to €24,022
- Taxes -€1,275
down €1,275 (-57.0%), from €2,238 to €963
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 | €370,579 | €334,340 | -€36,239 | -9.8% |
| Fixed assets | 21/28 | €83,146 | €66,232 | -€16,914 | -20.3% |
| Tangible fixed assets | 22/27 | €83,146 | €66,232 | -€16,914 | -20.3% |
| Land and buildings | 22 | €35,802 | €26,852 | -€8,951 | -25.0% |
| Plant, machinery and equipment | 23 | €5,454 | €3,224 | -€2,230 | -40.9% |
| Furniture and vehicles | 24 | €41,890 | €36,157 | -€5,734 | -13.7% |
| Current assets | 29/58 | €287,433 | €268,108 | -€19,325 | -6.7% |
| Stocks and contracts in progress | 3 | €38,962 | €63,879 | +€24,917 | +64.0% |
| Stocks | 30/36 | €23,462 | €40,638 | +€17,176 | +73.2% |
| Contracts in progress | 37 | €15,500 | €23,240 | +€7,740 | +49.9% |
| Amounts receivable within one year | 40/41 | €80,045 | €31,076 | -€48,969 | -61.2% |
| Trade receivables | 40 | €69,517 | €14,276 | -€55,241 | -79.5% |
| Other amounts receivable | 41 | €10,528 | €16,800 | +€6,271 | +59.6% |
| Cash at bank and in hand | 54/58 | €168,426 | €172,007 | +€3,582 | +2.1% |
| Deferred charges and accrued income | 490/1 | - | €1,146 | +€1,146 | |
| Total equity and liabilities | 10/49 | €370,579 | €334,340 | -€36,239 | -9.8% |
| Equity | 10/15 | €205,870 | €207,861 | +€1,990 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €187,278 | €189,269 | +€1,990 | +1.1% |
| Tax-exempt reserves | 132 | €5,219 | €5,219 | = | 0.0% |
| Distributable reserves | 133 | €182,059 | €184,050 | +€1,990 | +1.1% |
| Amounts payable | 17/49 | €164,709 | €126,480 | -€38,230 | -23.2% |
| Amounts payable within one year | 42/48 | €164,709 | €126,480 | -€38,230 | -23.2% |
| Trade debts | 44 | €2,615 | €6,854 | +€4,239 | +162% |
| Suppliers | 440/4 | €2,615 | €6,854 | +€4,239 | +162% |
| Advances received on contracts in progress | 46 | €15,995 | €15,995 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,039 | €320 | -€719 | -69.2% |
| Taxes | 450/3 | €1,039 | €320 | -€719 | -69.2% |
| Other amounts payable | 47/48 | €145,061 | €103,311 | -€41,750 | -28.8% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,540 | €24,022 | +€1,482 | +6.6% |
| Other operating charges | 640/8 | €1,337 | €1,243 | -€94 | -7.0% |
| Gross operating margin | 9900 | €31,885 | €28,428 | -€3,457 | -10.8% |
| Operating profit (loss) | 9901 | €8,008 | €3,163 | -€4,845 | -60.5% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €358 | €210 | -€148 | -41.4% |
| Recurring financial charges | 65 | €358 | €210 | -€148 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €7,656 | €2,953 | -€4,703 | -61.4% |
| Income taxes | 67/77 | €2,238 | €963 | -€1,275 | -57.0% |
| Profit (loss) for the period | 9904 | €5,419 | €1,990 | -€3,428 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,419 | €1,990 | -€3,428 | -63.3% |
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 13 October 2026 via checked.be.