BAROLINE: 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.
BAROLINE
Largest movements
- Receivables within one year +€35,779
up €35,779 (+9.6%), from €374,191 to €409,970
of which Trade receivables: +€35,779
- Stocks and contracts -€26,860
down €26,860 (-91.9%), from €29,235 to €2,375
- Tangible fixed assets -€4,413
no longer reported in 2025 (was €4,413)
- Advances received +€137,934
new in 2025: €137,934
- Tax, wage and social debts -€83,200
down €83,200 (-61.4%), from €135,489 to €52,289
of which Remuneration and social security: -€52,630
- Trade debts -€39,519
down €39,519 (-22.0%), from €179,260 to €139,741
- Other debts -€14,610
down €14,610 (-40.3%), from €36,224 to €21,614
- Gross operating margin -€19,971
down €19,971 (-89.2%), from €22,399 to €2,428
- Other operating charges -€5,712
down €5,712 (-95.6%), from €5,974 to €262
- Staff costs -€5,529
no longer reported in 2025 (was €5,529)
- Depreciation -€4,413
no longer reported in 2025 (was €4,413)
- Financial charges -€2,606
down €2,606 (-96.3%), from €2,706 to €100
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 | €417,990 | €421,451 | +€3,461 | +0.8% |
| Fixed assets | 21/28 | €11,913 | €7,500 | -€4,413 | -37.0% |
| Tangible fixed assets | 22/27 | €4,413 | - | -€4,413 | |
| Furniture and vehicles | 24 | €4,413 | - | -€4,413 | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €406,077 | €413,951 | +€7,874 | +1.9% |
| Stocks and contracts in progress | 3 | €29,235 | €2,375 | -€26,860 | -91.9% |
| Stocks | 30/36 | €29,235 | €2,375 | -€26,860 | -91.9% |
| Amounts receivable within one year | 40/41 | €374,191 | €409,970 | +€35,779 | +9.6% |
| Trade receivables | 40 | €308,912 | €344,691 | +€35,779 | +11.6% |
| Other amounts receivable | 41 | €65,279 | €65,279 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,651 | €1,606 | -€1,045 | -39.4% |
| Total equity and liabilities | 10/49 | €417,990 | €421,451 | +€3,461 | +0.8% |
| Equity | 10/15 | €67,017 | €69,873 | +€2,856 | +4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Share premium | 1100/10 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €62,017 | €64,873 | +€2,856 | +4.6% |
| Amounts payable | 17/49 | €350,973 | €351,578 | +€605 | +0.2% |
| Amounts payable within one year | 42/48 | €350,973 | €351,578 | +€605 | +0.2% |
| Trade debts | 44 | €179,260 | €139,741 | -€39,519 | -22.0% |
| Suppliers | 440/4 | €179,260 | €139,741 | -€39,519 | -22.0% |
| Advances received on contracts in progress | 46 | - | €137,934 | +€137,934 | |
| Taxes, remuneration and social security | 45 | €135,489 | €52,289 | -€83,200 | -61.4% |
| Taxes | 450/3 | €79,121 | €48,551 | -€30,570 | -38.6% |
| Remuneration and social security | 454/9 | €56,368 | €3,738 | -€52,630 | -93.4% |
| Other amounts payable | 47/48 | €36,224 | €21,614 | -€14,610 | -40.3% |
| Remuneration, social security and pensions | 62 | €5,529 | - | -€5,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,413 | - | -€4,413 | |
| Other operating charges | 640/8 | €5,974 | €262 | -€5,712 | -95.6% |
| Gross operating margin | 9900 | €22,399 | €2,428 | -€19,971 | -89.2% |
| Operating profit (loss) | 9901 | €6,483 | €2,166 | -€4,317 | -66.6% |
| Financial income | 75/76B | €1,312 | €791 | -€521 | -39.7% |
| Recurring financial income | 75 | €8 | €791 | +€783 | +9,788% |
| Non-recurring financial income | 76B | €1,304 | €791 | -€513 | -39.3% |
| Financial charges | 65/66B | €2,706 | €100 | -€2,606 | -96.3% |
| Recurring financial charges | 65 | €2,706 | €100 | -€2,606 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €5,089 | €2,857 | -€2,232 | -43.9% |
| Income taxes | 67/77 | €1,912 | - | -€1,912 | |
| Profit (loss) for the period | 9904 | €3,177 | €2,857 | -€320 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,177 | €2,857 | -€320 | -10.1% |
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 18 October 2026 via checked.be.