BAROQ: 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.
BAROQ
Largest movements
- Tangible fixed assets -€7,236
down €7,236 (-8.1%), from €89,486 to €82,250
of which Land and buildings: -€7,103
- Stocks and contracts -€2,924
down €2,924 (-4.7%), from €62,211 to €59,287
- Other debts -€25,703
down €25,703 (-20.1%), from €127,892 to €102,189
- Profit (loss) carried forward +€13,111
up €13,111 (+13.4%), from -€97,964 to -€84,853
- Accrued charges and deferred income +€2,664
up €2,664 (+94.4%), from €2,822 to €5,486
- Gross operating margin +€18,114
up €18,114 (+260.0%), from €6,967 to €25,081
- Write-downs +€2,924
new in 2025: €2,924
- Depreciation -€1,032
down €1,032 (-12.5%), from €8,268 to €7,236
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,798 | €141,639 | -€10,159 | -6.7% |
| Fixed assets | 21/28 | €89,486 | €82,250 | -€7,236 | -8.1% |
| Tangible fixed assets | 22/27 | €89,486 | €82,250 | -€7,236 | -8.1% |
| Land and buildings | 22 | €89,353 | €82,250 | -€7,103 | -7.9% |
| Furniture and vehicles | 24 | €133 | €0 | -€133 | -100.0% |
| Current assets | 29/58 | €62,312 | €59,389 | -€2,923 | -4.7% |
| Stocks and contracts in progress | 3 | €62,211 | €59,287 | -€2,924 | -4.7% |
| Stocks | 30/36 | €62,211 | €59,287 | -€2,924 | -4.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €101 | €102 | +€1 | +0.7% |
| Total equity and liabilities | 10/49 | €151,798 | €141,639 | -€10,159 | -6.7% |
| Equity | 10/15 | €13,990 | €27,101 | +€13,111 | +93.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,354 | €93,354 | = | 0.0% |
| Distributable reserves | 133 | €93,354 | €93,354 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,964 | -€84,853 | +€13,111 | +13.4% |
| Amounts payable | 17/49 | €137,808 | €114,538 | -€23,270 | -16.9% |
| Amounts payable within one year | 42/48 | €134,986 | €109,052 | -€25,934 | -19.2% |
| Financial debts | 43 | €6,455 | €5,637 | -€818 | -12.7% |
| Credit institutions | 430/8 | €6,455 | €5,637 | -€818 | -12.7% |
| Trade debts | 44 | €185 | €326 | +€141 | +75.9% |
| Suppliers | 440/4 | €185 | €326 | +€141 | +75.9% |
| Taxes, remuneration and social security | 45 | €454 | €900 | +€447 | +98.5% |
| Taxes | 450/3 | €454 | €900 | +€447 | +98.5% |
| Other amounts payable | 47/48 | €127,892 | €102,189 | -€25,703 | -20.1% |
| Accrued charges and deferred income | 492/3 | €2,822 | €5,486 | +€2,664 | +94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,268 | €7,236 | -€1,032 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,924 | +€2,924 | |
| Other operating charges | 640/8 | €775 | €913 | +€137 | +17.7% |
| Gross operating margin | 9900 | €6,967 | €25,081 | +€18,114 | +260.0% |
| Operating profit (loss) | 9901 | -€2,076 | €14,009 | +€16,085 | |
| Financial income | 75/76B | €0 | €25 | +€25 | |
| Recurring financial income | 75 | €0 | €25 | +€25 | |
| Financial charges | 65/66B | €970 | €923 | -€47 | -4.9% |
| Recurring financial charges | 65 | €970 | €923 | -€47 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,046 | €13,111 | +€16,157 | |
| Profit (loss) for the period | 9904 | -€3,046 | €13,111 | +€16,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,046 | €13,111 | +€16,157 |
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 10 October 2026 via checked.be.