BAROLI: 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.
BAROLI
Largest movements
- Tangible fixed assets +€272,896
up €272,896 (+31.8%), from €858,748 to €1.1m
of which Leasing and similar rights: +€258,223
- Receivables within one year +€41,104
up €41,104 (+30.3%), from €135,791 to €176,895
of which Other amounts receivable: +€21,555
- Deferred charges and accrued income -€18,323
down €18,323 (-84.2%), from €21,750 to €3,427
- Debts after one year +€468,229
up €468,229 (+99.3%), from €471,635 to €939,864
- Other debts -€265,642
down €265,642 (-92.6%), from €286,924 to €21,281
- Trade debts +€131,029
up €131,029 (+131.8%), from €99,390 to €230,418
- Reserves -€55,000
down €55,000 (-100.0%), from €55,000 to €0
- Current portion of long-term debt +€45,300
up €45,300 (+42.7%), from €106,106 to €151,406
- Gross operating margin -€79,227
down €79,227 (-35.3%), from €224,148 to €144,921
- Depreciation +€42,415
up €42,415 (+30.7%), from €137,970 to €180,385
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 | €1,031,402 | €1,337,840 | +€306,438 | +29.7% |
| Fixed assets | 21/28 | €858,748 | €1,131,644 | +€272,896 | +31.8% |
| Tangible fixed assets | 22/27 | €858,748 | €1,131,644 | +€272,896 | +31.8% |
| Plant, machinery and equipment | 23 | €270,430 | €285,103 | +€14,674 | +5.4% |
| Leasing and similar rights | 25 | €588,318 | €846,541 | +€258,223 | +43.9% |
| Current assets | 29/58 | €172,654 | €206,196 | +€33,542 | +19.4% |
| Amounts receivable within one year | 40/41 | €135,791 | €176,895 | +€41,104 | +30.3% |
| Trade receivables | 40 | €130,532 | €150,082 | +€19,550 | +15.0% |
| Other amounts receivable | 41 | €5,259 | €26,814 | +€21,555 | +409.9% |
| Cash at bank and in hand | 54/58 | €15,113 | €25,874 | +€10,761 | +71.2% |
| Deferred charges and accrued income | 490/1 | €21,750 | €3,427 | -€18,323 | -84.2% |
| Total equity and liabilities | 10/49 | €1,031,402 | €1,337,840 | +€306,438 | +29.7% |
| Equity | 10/15 | €65,661 | -€6,816 | -€72,477 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €55,000 | €0 | -€55,000 | -100.0% |
| Distributable reserves | 133 | €55,000 | €0 | -€55,000 | -100.0% |
| Profit (loss) carried forward | 14 | €661 | -€16,816 | -€17,477 | |
| Amounts payable | 17/49 | €965,740 | €1,344,656 | +€378,915 | +39.2% |
| Amounts payable after more than one year | 17 | €471,635 | €939,864 | +€468,229 | +99.3% |
| Financial debts | 170/4 | €471,635 | €939,864 | +€468,229 | +99.3% |
| Amounts payable within one year | 42/48 | €494,105 | €404,792 | -€89,314 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €106,106 | €151,406 | +€45,300 | +42.7% |
| Financial debts | 43 | €1,686 | €1,686 | = | 0.0% |
| Credit institutions | 430/8 | €1,686 | €1,686 | = | 0.0% |
| Trade debts | 44 | €99,390 | €230,418 | +€131,029 | +131.8% |
| Suppliers | 440/4 | €99,390 | €230,418 | +€131,029 | +131.8% |
| Other amounts payable | 47/48 | €286,924 | €21,281 | -€265,642 | -92.6% |
| Non-recurring operating income | 76A | €77,880 | €1,000 | -€76,880 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,970 | €180,385 | +€42,415 | +30.7% |
| Other operating charges | 640/8 | €2,702 | €2,915 | +€214 | +7.9% |
| Gross operating margin | 9900 | €224,148 | €144,921 | -€79,227 | -35.3% |
| Operating profit (loss) | 9901 | €83,477 | -€38,380 | -€121,856 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €31,898 | €34,111 | +€2,213 | +6.9% |
| Recurring financial charges | 65 | €31,898 | €34,111 | +€2,213 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €51,579 | -€72,477 | -€124,056 | |
| Profit (loss) for the period | 9904 | €51,579 | -€72,477 | -€124,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,579 | -€72,477 | -€124,056 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.