BARREL-ROLL: 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.
BARREL-ROLL
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€149,500
down €149,500 (-62.9%), from €237,653 to €88,153
mainly Current investments (-€200,000) and Receivables within one year (-€22,524)
- Receivables within one year +€22,524
up €22,524 (+128.8%), from €17,491 to €40,015
of which Other amounts receivable: +€23,962
- Tangible fixed assets +€5,215
up €5,215 (+40.3%), from €12,944 to €18,158
of which Furniture and vehicles: +€4,002
- Stocks and contracts +€4,801
up €4,801 (+127.7%), from €3,761 to €8,562
- Reserves +€48,937
up €48,937 (+22.2%), from €220,102 to €269,039
of which Distributable reserves: +€50,796
- Trade debts +€31,120
new in 2025: €31,120
- Tax, wage and social debts +€5,417
up €5,417 (+21.8%), from €24,819 to €30,237
of which Taxes: +€6,867
- Staff costs +€69,157
up €69,157 (+40.0%), from €172,764 to €241,921
- Gross operating margin +€21,516
up €21,516 (+6.4%), from €338,671 to €360,187
- Taxes -€9,160
down €9,160 (-18.3%), from €50,061 to €40,901
- Financial charges +€4,382
up €4,382 (+288.9%), from €1,517 to €5,899
of which Financial charges: +€4,385
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 | €271,847 | €354,888 | +€83,040 | +30.5% |
| Fixed assets | 21/28 | €12,944 | €18,158 | +€5,215 | +40.3% |
| Tangible fixed assets | 22/27 | €12,944 | €18,158 | +€5,215 | +40.3% |
| Plant, machinery and equipment | 23 | €4,317 | €5,530 | +€1,213 | +28.1% |
| Furniture and vehicles | 24 | €8,627 | €12,629 | +€4,002 | +46.4% |
| Current assets | 29/58 | €258,904 | €336,729 | +€77,826 | +30.1% |
| Stocks and contracts in progress | 3 | €3,761 | €8,562 | +€4,801 | +127.7% |
| Stocks | 30/36 | €3,761 | €8,562 | +€4,801 | +127.7% |
| Amounts receivable within one year | 40/41 | €17,491 | €40,015 | +€22,524 | +128.8% |
| Trade receivables | 40 | €2,491 | €1,052 | -€1,438 | -57.7% |
| Other amounts receivable | 41 | €15,000 | €38,962 | +€23,962 | +159.7% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €237,653 | €88,153 | -€149,500 | -62.9% |
| Total equity and liabilities | 10/49 | €271,847 | €354,888 | +€83,040 | +30.5% |
| Equity | 10/15 | €218,872 | €267,809 | +€48,937 | +22.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €220,102 | €269,039 | +€48,937 | +22.2% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €218,243 | €269,039 | +€50,796 | +23.3% |
| Profit (loss) carried forward | 14 | -€19,823 | -€19,823 | = | 0.0% |
| Amounts payable | 17/49 | €52,975 | €87,079 | +€34,104 | +64.4% |
| Amounts payable after more than one year | 17 | €1,745 | €0 | -€1,745 | -100.0% |
| Financial debts | 170/4 | €1,745 | €0 | -€1,745 | -100.0% |
| Amounts payable within one year | 42/48 | €51,231 | €87,079 | +€35,848 | +70.0% |
| Trade debts | 44 | - | €31,120 | +€31,120 | |
| Suppliers | 440/4 | - | €31,120 | +€31,120 | |
| Taxes, remuneration and social security | 45 | €24,819 | €30,237 | +€5,417 | +21.8% |
| Taxes | 450/3 | €8,718 | €15,584 | +€6,867 | +78.8% |
| Remuneration and social security | 454/9 | €16,102 | €14,652 | -€1,450 | -9.0% |
| Other amounts payable | 47/48 | €26,411 | €25,722 | -€689 | -2.6% |
| Non-recurring operating income | 76A | - | €3,203 | +€3,203 | |
| Remuneration, social security and pensions | 62 | €172,764 | €241,921 | +€69,157 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,729 | €5,319 | -€2,410 | -31.2% |
| Other operating charges | 640/8 | €1,103 | €1,100 | -€4 | -0.3% |
| Gross operating margin | 9900 | €338,671 | €360,187 | +€21,516 | +6.4% |
| Operating profit (loss) | 9901 | €157,074 | €111,847 | -€45,228 | -28.8% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €1,517 | €5,899 | +€4,382 | +288.9% |
| Recurring financial charges | 65 | €1,514 | €5,899 | +€4,385 | +289.7% |
| Non-recurring financial charges | 66B | €3 | €0 | -€3 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €155,558 | €105,969 | -€49,589 | -31.9% |
| Income taxes | 67/77 | €50,061 | €40,901 | -€9,160 | -18.3% |
| Profit (loss) for the period | 9904 | €105,496 | €65,067 | -€40,429 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,496 | €65,067 | -€40,429 | -38.3% |
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.