BARRIER: 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.
BARRIER
Largest movements
- Receivables within one year +€58,606
up €58,606 (+88.7%), from €66,036 to €124,642
of which Trade receivables: +€49,472
- Stocks and contracts +€41,855
up €41,855 (+22.3%), from €187,424 to €229,280
- Tangible fixed assets -€39,758
down €39,758 (-12.7%), from €312,622 to €272,864
of which Plant, machinery and equipment: -€22,538
- Cash +€9,134
up €9,134 (+23.7%), from €38,501 to €47,635
mainly Contributions, distributions and other (+€200,000) and Depreciation (+€52,248)
- Contributions +€200,000
up €200,000 (+500%), from €40,000 to €240,000
- Debts after one year -€195,321
down €195,321 (-34.0%), from €575,213 to €379,892
- Other debts +€39,960
up €39,960 (+8,704%), from €459 to €40,419
- Trade debts +€36,689
up €36,689 (+37.7%), from €97,288 to €133,977
- Accrued charges and deferred income -€15,093
down €15,093 (-32.6%), from €46,356 to €31,264
- Gross operating margin +€124,205
up €124,205 (+61.7%), from €201,267 to €325,472
- Staff costs +€26,191
up €26,191 (+12.4%), from €211,918 to €238,109
- Depreciation -€6,064
down €6,064 (-10.4%), from €58,312 to €52,248
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 | €604,997 | €678,771 | +€73,774 | +12.2% |
| Fixed assets | 21/28 | €312,622 | €272,864 | -€39,758 | -12.7% |
| Tangible fixed assets | 22/27 | €312,622 | €272,864 | -€39,758 | -12.7% |
| Plant, machinery and equipment | 23 | €87,446 | €64,908 | -€22,538 | -25.8% |
| Other tangible fixed assets | 26 | €225,176 | €207,957 | -€17,219 | -7.6% |
| Current assets | 29/58 | €292,375 | €405,907 | +€113,532 | +38.8% |
| Stocks and contracts in progress | 3 | €187,424 | €229,280 | +€41,855 | +22.3% |
| Stocks | 30/36 | €187,424 | €229,280 | +€41,855 | +22.3% |
| Amounts receivable within one year | 40/41 | €66,036 | €124,642 | +€58,606 | +88.7% |
| Trade receivables | 40 | €57,011 | €106,483 | +€49,472 | +86.8% |
| Other amounts receivable | 41 | €9,025 | €18,159 | +€9,134 | +101% |
| Cash at bank and in hand | 54/58 | €38,501 | €47,635 | +€9,134 | +23.7% |
| Deferred charges and accrued income | 490/1 | €413 | €4,350 | +€3,937 | +952% |
| Total equity and liabilities | 10/49 | €604,997 | €678,771 | +€73,774 | +12.2% |
| Equity | 10/15 | -€197,375 | €5,855 | +€203,230 | |
| Contributions | 10/11 | €40,000 | €240,000 | +€200,000 | +500% |
| Profit (loss) carried forward | 14 | -€237,375 | -€234,145 | +€3,230 | +1.4% |
| Amounts payable | 17/49 | €802,371 | €672,916 | -€129,456 | -16.1% |
| Amounts payable after more than one year | 17 | €575,213 | €379,892 | -€195,321 | -34.0% |
| Financial debts | 170/4 | €575,213 | €379,892 | -€195,321 | -34.0% |
| Amounts payable within one year | 42/48 | €180,802 | €261,760 | +€80,958 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €43,549 | €45,321 | +€1,771 | +4.1% |
| Trade debts | 44 | €97,288 | €133,977 | +€36,689 | +37.7% |
| Suppliers | 440/4 | €97,288 | €133,977 | +€36,689 | +37.7% |
| Taxes, remuneration and social security | 45 | €39,505 | €42,043 | +€2,538 | +6.4% |
| Taxes | 450/3 | €10,042 | €3,517 | -€6,525 | -65.0% |
| Remuneration and social security | 454/9 | €29,463 | €38,526 | +€9,063 | +30.8% |
| Other amounts payable | 47/48 | €459 | €40,419 | +€39,960 | +8,704% |
| Accrued charges and deferred income | 492/3 | €46,356 | €31,264 | -€15,093 | -32.6% |
| Non-recurring operating income | 76A | €21,500 | €0 | -€21,500 | -100% |
| Remuneration, social security and pensions | 62 | €211,918 | €238,109 | +€26,191 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,312 | €52,248 | -€6,064 | -10.4% |
| Other operating charges | 640/8 | €20,159 | €22,718 | +€2,559 | +12.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €201,267 | €325,472 | +€124,205 | +61.7% |
| Operating profit (loss) | 9901 | -€89,123 | €12,397 | +€101,520 | |
| Financial income | 75/76B | €0 | €143 | +€142 | +33,126% |
| Recurring financial income | 75 | €0 | €143 | +€142 | +33,126% |
| Financial charges | 65/66B | €10,310 | €8,738 | -€1,572 | -15.2% |
| Recurring financial charges | 65 | €10,310 | €8,738 | -€1,572 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€99,432 | €3,802 | +€103,235 | |
| Income taxes | 67/77 | €470 | €573 | +€103 | +21.9% |
| Profit (loss) for the period | 9904 | -€99,902 | €3,230 | +€103,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,902 | €3,230 | +€103,132 |
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 15 October 2026 via checked.be.