BARROSCH: 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.
What changed
BARROSCH
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€36,289
2024 · €35,243+€1,047
Equity
€2.2m
2024 · €357,672+€1.8m
Cash
€17,765
2024 · €30,545-€12,780
Balance sheet total
€2.7m
2024 · €998,022+€1.7m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+177.3%), from €965,093 to €2.7m
Equity and liabilities
- Revaluation surpluses +€1.8m
new in 2025: €1.8m
- Other debts -€75,176
down €75,176 (-34.2%), from €220,103 to €144,927
- Debts after one year -€37,734
down €37,734 (-13.0%), from €289,300 to €251,566
- Profit (loss) carried forward +€33,099
no longer reported in 2025 (was -€33,099)
Income statement
- Depreciation -€3,484
down €3,484 (-5.2%), from €66,673 to €63,189
- Taxes +€2,804
new in 2025: €2,804
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.
Result 2024
€35,243
Gross operating margin
+€105
Depreciation
+€3,484
Other operating charges
-€532
Financial income
+€289
Financial charges
+€504
Taxes
-€2,804
Result 2025
€36,289
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.
From operations
+€24,432
Investment
-€1.8m
Financing
+€1.7m
Cash 2024
€30,545
From operations (derived)
+€24,432
Net result for the year
+€36,289
Depreciation
+€63,189
Smaller working-capital items
+€129
Other debts
-€75,176
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.7m
Debts after one year
-€37,734
Current portion of long-term debt
+€521
Contributions, distributions and other
+€1.8m
Cash 2025
€17,765
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €998,022 | €2,696,052 | +€1.7m | +170.1% |
| Fixed assets | 21/28 | €965,093 | €2,675,904 | +€1.7m | +177.3% |
| Tangible fixed assets | 22/27 | €965,093 | €2,675,904 | +€1.7m | +177.3% |
| Land and buildings | 22 | €965,093 | €2,675,904 | +€1.7m | +177.3% |
| Current assets | 29/58 | €32,928 | €20,148 | -€12,780 | -38.8% |
| Amounts receivable within one year | 40/41 | €2,383 | €2,383 | = | 0.0% |
| Trade receivables | 40 | €2,383 | €2,383 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,545 | €17,765 | -€12,780 | -41.8% |
| Total equity and liabilities | 10/49 | €998,022 | €2,696,052 | +€1.7m | +170.1% |
| Equity | 10/15 | €357,672 | €2,167,961 | +€1.8m | +506.1% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,774,000 | +€1.8m | |
| Reserves | 13 | €204,851 | €208,041 | +€3,190 | +1.6% |
| Non-distributable reserves | 130/1 | €663 | €663 | = | 0.0% |
| Reserves not available under the articles | 1311 | €663 | €663 | = | 0.0% |
| Tax-exempt reserves | 132 | €191,593 | €186,333 | -€5,259 | -2.7% |
| Distributable reserves | 133 | €12,596 | €21,045 | +€8,449 | +67.1% |
| Profit (loss) carried forward | 14 | -€33,099 | - | +€33,099 | |
| Provisions and deferred taxes | 16 | €91,365 | €89,365 | -€1,999 | -2.2% |
| Deferred taxes | 168 | €91,365 | €89,365 | -€1,999 | -2.2% |
| Amounts payable | 17/49 | €548,985 | €438,725 | -€110,259 | -20.1% |
| Amounts payable after more than one year | 17 | €289,300 | €251,566 | -€37,734 | -13.0% |
| Financial debts | 170/4 | €289,300 | €251,566 | -€37,734 | -13.0% |
| Amounts payable within one year | 42/48 | €258,718 | €186,559 | -€72,158 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €37,212 | €37,734 | +€521 | +1.4% |
| Trade debts | 44 | €1,403 | €1,095 | -€308 | -22.0% |
| Suppliers | 440/4 | €1,403 | €1,095 | -€308 | -22.0% |
| Taxes, remuneration and social security | 45 | - | €2,804 | +€2,804 | |
| Taxes | 450/3 | - | €2,804 | +€2,804 | |
| Other amounts payable | 47/48 | €220,103 | €144,927 | -€75,176 | -34.2% |
| Accrued charges and deferred income | 492/3 | €968 | €600 | -€368 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,673 | €63,189 | -€3,484 | -5.2% |
| Other operating charges | 640/8 | €17,194 | €17,725 | +€532 | +3.1% |
| Gross operating margin | 9900 | €122,059 | €122,165 | +€105 | +0.1% |
| Operating profit (loss) | 9901 | €38,192 | €41,250 | +€3,058 | +8.0% |
| Financial income | 75/76B | - | €289 | +€289 | |
| Recurring financial income | 75 | - | €289 | +€289 | |
| Financial charges | 65/66B | €4,949 | €4,445 | -€504 | -10.2% |
| Recurring financial charges | 65 | €4,949 | €4,445 | -€504 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €33,243 | €37,094 | +€3,851 | +11.6% |
| Transfer from deferred taxes | 780 | €1,999 | €1,999 | = | 0.0% |
| Income taxes | 67/77 | - | €2,804 | +€2,804 | |
| Profit (loss) for the period | 9904 | €35,243 | €36,289 | +€1,047 | +3.0% |
| Transfer from tax-exempt reserves | 789 | €5,259 | €5,259 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,502 | €41,549 | +€1,047 | +2.6% |
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 30 September 2026 via checked.be.