BARONA: what changed
BARONA
Largest movements
- Receivables within one year +€13,132
up €13,132 (+81.8%), from €16,054 to €29,186
of which Trade receivables: +€8,840
- Deferred charges and accrued income -€3,352
down €3,352 (-27.2%), from €12,318 to €8,966
- Cash +€841
up €841 (+15.9%), from €5,305 to €6,147
mainly Trade debts (+€15,600) and Deferred charges and accrued income (+€3,352)
- Tangible fixed assets -€584
down €584 (-37.6%), from €1,552 to €968
of which Plant, machinery and equipment: -€344
- Trade debts +€15,600
up €15,600 (+4,535%), from €344 to €15,944
- Reserves -€5,148
down €5,148 (-17.5%), from €29,398 to €24,250
- Gross operating margin -€29,768
down €29,768, from €27,886 to -€1,882
- Taxes -€5,474
down €5,474 (-93.4%), from €5,860 to €386
- Other operating charges -€1,223
down €1,223 (-45.0%), from €2,719 to €1,496
- Financial income +€826
up €826 (+10,092%), from €8 to €834
- Financial charges +€610
up €610 (+59.7%), from €1,023 to €1,633
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 | €35,229 | €45,267 | +€10,037 | +28.5% |
| Fixed assets | 21/28 | €1,552 | €968 | -€584 | -37.6% |
| Tangible fixed assets | 22/27 | €1,552 | €968 | -€584 | -37.6% |
| Plant, machinery and equipment | 23 | €428 | €84 | -€344 | -80.4% |
| Furniture and vehicles | 24 | €1,124 | €884 | -€240 | -21.3% |
| Current assets | 29/58 | €33,678 | €44,299 | +€10,621 | +31.5% |
| Amounts receivable within one year | 40/41 | €16,054 | €29,186 | +€13,132 | +81.8% |
| Trade receivables | 40 | €956 | €9,797 | +€8,840 | +924% |
| Other amounts receivable | 41 | €15,098 | €19,389 | +€4,291 | +28.4% |
| Cash at bank and in hand | 54/58 | €5,305 | €6,147 | +€841 | +15.9% |
| Deferred charges and accrued income | 490/1 | €12,318 | €8,966 | -€3,352 | -27.2% |
| Total equity and liabilities | 10/49 | €35,229 | €45,267 | +€10,037 | +28.5% |
| Equity | 10/15 | €32,398 | €27,250 | -€5,148 | -15.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,398 | €24,250 | -€5,148 | -17.5% |
| Distributable reserves | 133 | €29,398 | €24,250 | -€5,148 | -17.5% |
| Amounts payable | 17/49 | €2,832 | €18,017 | +€15,185 | +536% |
| Amounts payable within one year | 42/48 | €2,382 | €18,017 | +€15,635 | +657% |
| Trade debts | 44 | €344 | €15,944 | +€15,600 | +4,535% |
| Suppliers | 440/4 | €344 | €15,944 | +€15,600 | +4,535% |
| Taxes, remuneration and social security | 45 | €2,018 | €2,073 | +€54 | +2.7% |
| Taxes | 450/3 | €2,018 | €2,073 | +€54 | +2.7% |
| Other amounts payable | 47/48 | €20 | - | -€20 | |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €584 | +€166 | +39.6% |
| Other operating charges | 640/8 | €2,719 | €1,496 | -€1,223 | -45.0% |
| Gross operating margin | 9900 | €27,886 | -€1,882 | -€29,768 | |
| Operating profit (loss) | 9901 | €24,749 | -€3,962 | -€28,711 | |
| Financial income | 75/76B | €8 | €834 | +€826 | +10,092% |
| Recurring financial income | 75 | €8 | €834 | +€826 | +10,092% |
| Financial charges | 65/66B | €1,023 | €1,633 | +€610 | +59.7% |
| Recurring financial charges | 65 | €1,023 | €1,633 | +€610 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | €23,734 | -€4,762 | -€28,496 | |
| Income taxes | 67/77 | €5,860 | €386 | -€5,474 | -93.4% |
| Profit (loss) for the period | 9904 | €17,874 | -€5,148 | -€23,022 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,874 | -€5,148 | -€23,022 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.