BARSELA WAES: 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.
BARSELA WAES
Largest movements
- Current investments +€534,505
up €534,505 (+1,768%), from €30,231 to €564,736
- Receivables within one year -€401,897
down €401,897 (-95.6%), from €420,611 to €18,714
of which Other amounts receivable: -€400,000
- Deferred charges and accrued income -€91,132
down €91,132 (-99.6%), from €91,539 to €407
- Cash -€40,648
down €40,648 (-11.1%), from €367,012 to €326,364
mainly Current investments (-€534,505) and Contributions, distributions and other (-€155,300)
- Tangible fixed assets -€12,975
down €12,975 (-49.9%), from €25,996 to €13,021
of which Furniture and vehicles: -€12,457
- Tax, wage and social debts -€18,799
down €18,799 (-68.1%), from €27,615 to €8,816
- Financial income -€9,512
down €9,512 (-41.7%), from €22,818 to €13,305
- Taxes -€4,272
down €4,272 (-6.0%), from €71,429 to €67,157
- Depreciation -€3,631
down €3,631 (-21.9%), from €16,606 to €12,975
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 | €935,389 | €923,241 | -€12,148 | -1.3% |
| Fixed assets | 21/28 | €25,996 | €13,021 | -€12,975 | -49.9% |
| Tangible fixed assets | 22/27 | €25,996 | €13,021 | -€12,975 | -49.9% |
| Land and buildings | 22 | €1,446 | €1,364 | -€82 | -5.7% |
| Plant, machinery and equipment | 23 | €2,116 | €1,679 | -€437 | -20.6% |
| Furniture and vehicles | 24 | €22,435 | €9,978 | -€12,457 | -55.5% |
| Current assets | 29/58 | €909,393 | €910,221 | +€827 | +0.1% |
| Amounts receivable within one year | 40/41 | €420,611 | €18,714 | -€401,897 | -95.6% |
| Trade receivables | 40 | €20,611 | €18,714 | -€1,897 | -9.2% |
| Other amounts receivable | 41 | €400,000 | €0 | -€400,000 | -100% |
| Current investments | 50/53 | €30,231 | €564,736 | +€534,505 | +1,768% |
| Cash at bank and in hand | 54/58 | €367,012 | €326,364 | -€40,648 | -11.1% |
| Deferred charges and accrued income | 490/1 | €91,539 | €407 | -€91,132 | -99.6% |
| Total equity and liabilities | 10/49 | €935,389 | €923,241 | -€12,148 | -1.3% |
| Equity | 10/15 | €904,442 | €909,495 | +€5,053 | +0.6% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €883,130 | €888,180 | +€5,050 | +0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €883,130 | €888,180 | +€5,050 | +0.6% |
| Profit (loss) carried forward | 14 | €8,112 | €8,115 | +€3 | 0.0% |
| Amounts payable | 17/49 | €30,948 | €13,747 | -€17,201 | -55.6% |
| Amounts payable within one year | 42/48 | €30,948 | €12,171 | -€18,776 | -60.7% |
| Trade debts | 44 | €1,573 | €1,809 | +€237 | +15.0% |
| Suppliers | 440/4 | €1,573 | €1,809 | +€237 | +15.0% |
| Taxes, remuneration and social security | 45 | €27,615 | €8,816 | -€18,799 | -68.1% |
| Taxes | 450/3 | €27,615 | €8,816 | -€18,799 | -68.1% |
| Other amounts payable | 47/48 | €1,760 | €1,546 | -€214 | -12.2% |
| Accrued charges and deferred income | 492/3 | - | €1,575 | +€1,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,606 | €12,975 | -€3,631 | -21.9% |
| Other operating charges | 640/8 | €2,058 | €854 | -€1,204 | -58.5% |
| Gross operating margin | 9900 | €229,760 | €229,130 | -€630 | -0.3% |
| Operating profit (loss) | 9901 | €211,096 | €215,301 | +€4,205 | +2.0% |
| Financial income | 75/76B | €22,818 | €13,305 | -€9,512 | -41.7% |
| Recurring financial income | 75 | €22,818 | €13,305 | -€9,512 | -41.7% |
| Financial charges | 65/66B | -€518 | €1,097 | +€1,615 | |
| Recurring financial charges | 65 | -€518 | €1,097 | +€1,615 | |
| Profit (loss) for the period before taxes | 9903 | €234,432 | €227,510 | -€6,922 | -3.0% |
| Income taxes | 67/77 | €71,429 | €67,157 | -€4,272 | -6.0% |
| Profit (loss) for the period | 9904 | €163,002 | €160,353 | -€2,650 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €163,002 | €160,353 | -€2,650 | -1.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.