BARONAS CONSTRUCT: 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.
BARONAS CONSTRUCT
Largest movements
- Receivables within one year +€70,529
up €70,529 (+146.8%), from €48,057 to €118,586
of which Other amounts receivable: +€49,120
- Cash -€1,864
down €1,864 (-63.6%), from €2,929 to €1,065
mainly Receivables within one year (-€70,529)
- Profit (loss) carried forward +€24,738
up €24,738 (+66.4%), from €37,233 to €61,971
- Reserves +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€16,207
up €16,207 (+135.7%), from €11,943 to €28,150
- Accrued charges and deferred income +€6,969
new in 2025: €6,969
- Gross operating margin +€10,345
up €10,345 (+21.5%), from €48,216 to €58,561
- Taxes +€4,264
up €4,264 (+35.7%), from €11,943 to €16,207
- Financial income +€1,987
up €1,987 (+118.3%), from €1,680 to €3,667
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 | €50,986 | €119,651 | +€68,665 | +134.7% |
| Current assets | 29/58 | €50,986 | €119,651 | +€68,665 | +134.7% |
| Amounts receivable within one year | 40/41 | €48,057 | €118,586 | +€70,529 | +146.8% |
| Trade receivables | 40 | - | €21,409 | +€21,409 | |
| Other amounts receivable | 41 | €48,057 | €97,177 | +€49,120 | +102.2% |
| Cash at bank and in hand | 54/58 | €2,929 | €1,065 | -€1,864 | -63.6% |
| Total equity and liabilities | 10/49 | €50,986 | €119,651 | +€68,665 | +134.7% |
| Equity | 10/15 | €37,733 | €82,471 | +€44,738 | +118.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Non-distributable reserves | 130/1 | - | €20,000 | +€20,000 | |
| Other | 1319 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €37,233 | €61,971 | +€24,738 | +66.4% |
| Amounts payable | 17/49 | €13,253 | €37,179 | +€23,927 | +180.5% |
| Amounts payable within one year | 42/48 | €13,253 | €30,211 | +€16,958 | +128.0% |
| Trade debts | 44 | €1,310 | €2,061 | +€751 | +57.3% |
| Suppliers | 440/4 | €1,310 | €2,061 | +€751 | +57.3% |
| Taxes, remuneration and social security | 45 | €11,943 | €28,150 | +€16,207 | +135.7% |
| Taxes | 450/3 | €11,943 | €28,150 | +€16,207 | +135.7% |
| Accrued charges and deferred income | 492/3 | - | €6,969 | +€6,969 | |
| Other operating charges | 640/8 | €659 | €1,166 | +€508 | +77.1% |
| Gross operating margin | 9900 | €48,216 | €58,561 | +€10,345 | +21.5% |
| Operating profit (loss) | 9901 | €47,558 | €57,395 | +€9,837 | +20.7% |
| Financial income | 75/76B | €1,680 | €3,667 | +€1,987 | +118.3% |
| Recurring financial income | 75 | €1,680 | €3,667 | +€1,987 | +118.3% |
| Financial charges | 65/66B | €62 | €116 | +€55 | +88.5% |
| Recurring financial charges | 65 | €62 | €116 | +€55 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | €49,176 | €60,945 | +€11,769 | +23.9% |
| Income taxes | 67/77 | €11,943 | €16,207 | +€4,264 | +35.7% |
| Profit (loss) for the period | 9904 | €37,233 | €44,738 | +€7,505 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,233 | €44,738 | +€7,505 | +20.2% |
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 6 October 2026 via checked.be.