Barons House: 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.
Barons House
Largest movements
- Receivables within one year +€73,418
up €73,418 (+11.8%), from €623,526 to €696,944
of which Other amounts receivable: +€80,415
- Trade debts +€88,989
up €88,989 (+15.0%), from €592,948 to €681,937
- Tax, wage and social debts -€13,785
down €13,785 (-66.5%), from €20,718 to €6,933
of which Taxes: -€8,234
- Gross operating margin +€43,947
up €43,947, from -€31,005 to €12,942
- Staff costs -€6,559
no longer reported in 2025 (was €6,559)
- Financial charges +€3,059
up €3,059 (+85.6%), from €3,572 to €6,631
- Other operating charges -€700
down €700 (-27.8%), from €2,517 to €1,816
- Depreciation -€675
down €675 (-18.8%), from €3,586 to €2,911
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 | €639,781 | €709,499 | +€69,718 | +10.9% |
| Fixed assets | 21/28 | €11,474 | €8,563 | -€2,911 | -25.4% |
| Tangible fixed assets | 22/27 | €11,474 | €8,563 | -€2,911 | -25.4% |
| Plant, machinery and equipment | 23 | €3,500 | €2,529 | -€970 | -27.7% |
| Furniture and vehicles | 24 | €2,119 | €957 | -€1,162 | -54.8% |
| Other tangible fixed assets | 26 | €5,855 | €5,076 | -€778 | -13.3% |
| Current assets | 29/58 | €628,307 | €700,937 | +€72,629 | +11.6% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €623,526 | €696,944 | +€73,418 | +11.8% |
| Trade receivables | 40 | €8,674 | €1,678 | -€6,997 | -80.7% |
| Other amounts receivable | 41 | €614,851 | €695,266 | +€80,415 | +13.1% |
| Cash at bank and in hand | 54/58 | €1,044 | €2,275 | +€1,231 | +118% |
| Deferred charges and accrued income | 490/1 | €2,237 | €217 | -€2,020 | -90.3% |
| Total equity and liabilities | 10/49 | €639,781 | €709,499 | +€69,718 | +10.9% |
| Equity | 10/15 | -€34,267 | -€32,860 | +€1,407 | +4.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,817 | -€51,410 | +€1,407 | +2.7% |
| Amounts payable | 17/49 | €674,048 | €742,359 | +€68,312 | +10.1% |
| Amounts payable within one year | 42/48 | €673,684 | €742,359 | +€68,675 | +10.2% |
| Trade debts | 44 | €592,948 | €681,937 | +€88,989 | +15.0% |
| Suppliers | 440/4 | €592,948 | €681,937 | +€88,989 | +15.0% |
| Taxes, remuneration and social security | 45 | €20,718 | €6,933 | -€13,785 | -66.5% |
| Taxes | 450/3 | €8,550 | €315 | -€8,234 | -96.3% |
| Remuneration and social security | 454/9 | €12,168 | €6,618 | -€5,550 | -45.6% |
| Other amounts payable | 47/48 | €60,018 | €53,489 | -€6,529 | -10.9% |
| Accrued charges and deferred income | 492/3 | €363 | - | -€363 | |
| Remuneration, social security and pensions | 62 | €6,559 | - | -€6,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,586 | €2,911 | -€675 | -18.8% |
| Other operating charges | 640/8 | €2,517 | €1,816 | -€700 | -27.8% |
| Gross operating margin | 9900 | -€31,005 | €12,942 | +€43,947 | |
| Operating profit (loss) | 9901 | -€43,666 | €8,214 | +€51,880 | |
| Financial charges | 65/66B | €3,572 | €6,631 | +€3,059 | +85.6% |
| Recurring financial charges | 65 | €3,572 | €6,631 | +€3,059 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | -€47,238 | €1,583 | +€48,821 | |
| Income taxes | 67/77 | €139 | €176 | +€37 | +26.6% |
| Profit (loss) for the period | 9904 | -€47,378 | €1,407 | +€48,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,378 | €1,407 | +€48,784 |
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 17 October 2026 via checked.be.