BARSSO: 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.
BARSSO
Largest movements
- Current investments +€1.0m
up €1.0m (+119.6%), from €835,834 to €1.8m
- Cash -€272,392
down €272,392 (-29.5%), from €924,314 to €651,922
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€152,791)
- Stocks and contracts -€97,997
down €97,997 (-6.5%), from €1.5m to €1.4m
- Receivables within one year -€94,189
down €94,189 (-34.9%), from €269,850 to €175,661
of which Other amounts receivable: -€79,469
- Reserves +€298,582
up €298,582 (+9.3%), from €3.2m to €3.5m
of which Tax-exempt reserves: +€168,400
- Advances received +€90,000
new in 2024: €90,000
- Other debts +€85,345
up €85,345 (+83.6%), from €102,143 to €187,488
- Trade debts +€49,515
up €49,515 (+43.4%), from €114,045 to €163,559
- Financial income +€23,451
up €23,451 (+69.3%), from €33,846 to €57,297
- Gross operating margin +€23,038
up €23,038 (+4.0%), from €575,646 to €598,684
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,633,943 | €4,160,684 | +€526,742 | +14.5% |
| Fixed assets | 21/28 | €63,559 | €57,548 | -€6,011 | -9.5% |
| Tangible fixed assets | 22/27 | €63,499 | €57,548 | -€5,951 | -9.4% |
| Plant, machinery and equipment | 23 | €16,664 | €13,460 | -€3,204 | -19.2% |
| Furniture and vehicles | 24 | €46,835 | €44,088 | -€2,747 | -5.9% |
| Financial fixed assets | 28 | €60 | €0 | -€60 | -100.0% |
| Current assets | 29/58 | €3,570,384 | €4,103,137 | +€532,753 | +14.9% |
| Stocks and contracts in progress | 3 | €1,508,435 | €1,410,438 | -€97,997 | -6.5% |
| Stocks | 30/36 | €1,508,435 | €1,410,438 | -€97,997 | -6.5% |
| Amounts receivable within one year | 40/41 | €269,850 | €175,661 | -€94,189 | -34.9% |
| Trade receivables | 40 | €143,598 | €128,879 | -€14,719 | -10.3% |
| Other amounts receivable | 41 | €126,252 | €46,782 | -€79,469 | -62.9% |
| Current investments | 50/53 | €835,834 | €1,835,834 | +€1.0m | +119.6% |
| Cash at bank and in hand | 54/58 | €924,314 | €651,922 | -€272,392 | -29.5% |
| Deferred charges and accrued income | 490/1 | €31,951 | €29,282 | -€2,669 | -8.4% |
| Total equity and liabilities | 10/49 | €3,633,943 | €4,160,684 | +€526,742 | +14.5% |
| Equity | 10/15 | €3,413,105 | €3,711,687 | +€298,582 | +8.7% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | €190,000 | = | 0.0% |
| Issued capital | 100 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €3,223,105 | €3,521,687 | +€298,582 | +9.3% |
| Non-distributable reserves | 130/1 | €19,000 | €19,000 | = | 0.0% |
| Legal reserve | 130 | €19,000 | €19,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €736,750 | €905,150 | +€168,400 | +22.9% |
| Distributable reserves | 133 | €2,467,355 | €2,597,537 | +€130,182 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,838 | €448,997 | +€228,159 | +103.3% |
| Amounts payable within one year | 42/48 | €220,838 | €448,997 | +€228,159 | +103.3% |
| Trade debts | 44 | €114,045 | €163,559 | +€49,515 | +43.4% |
| Suppliers | 440/4 | €114,045 | €163,559 | +€49,515 | +43.4% |
| Advances received on contracts in progress | 46 | - | €90,000 | +€90,000 | |
| Taxes, remuneration and social security | 45 | €4,650 | €7,950 | +€3,300 | +71.0% |
| Taxes | 450/3 | €1,650 | €4,950 | +€3,300 | +200.0% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €102,143 | €187,488 | +€85,345 | +83.6% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,357 | €17,569 | +€2,212 | +14.4% |
| Other operating charges | 640/8 | €2,603 | €3,285 | +€682 | +26.2% |
| Gross operating margin | 9900 | €575,646 | €598,684 | +€23,038 | +4.0% |
| Operating profit (loss) | 9901 | €557,687 | €577,831 | +€20,144 | +3.6% |
| Financial income | 75/76B | €33,846 | €57,297 | +€23,451 | +69.3% |
| Recurring financial income | 75 | €33,846 | €57,297 | +€23,451 | +69.3% |
| Financial charges | 65/66B | €3,062 | €2,259 | -€803 | -26.2% |
| Recurring financial charges | 65 | €3,062 | €2,259 | -€803 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €588,471 | €632,868 | +€44,397 | +7.5% |
| Income taxes | 67/77 | €180,364 | €181,494 | +€1,130 | +0.6% |
| Profit (loss) for the period | 9904 | €408,107 | €451,374 | +€43,267 | +10.6% |
| Transfer from tax-exempt reserves | 789 | €142,400 | €0 | -€142,400 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €168,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €382,107 | €282,974 | -€99,133 | -25.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.