BARU: 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.
BARU
Largest movements
- Cash -€145,188
down €145,188 (-29.8%), from €487,118 to €341,929
mainly Contributions, distributions and other (-€120,000) and Other debts (-€84,549)
- Receivables within one year +€44,392
up €44,392 (+111.4%), from €39,833 to €84,226
- Tangible fixed assets +€9,056
up €9,056 (+1488.8%), from €608 to €9,664
- Other debts -€84,549
down €84,549 (-21.3%), from €396,988 to €312,440
- Tax, wage and social debts -€37,153
down €37,153 (-61.1%), from €60,796 to €23,643
of which Taxes: -€37,153
- Reserves +€31,536
up €31,536 (+47.8%), from €65,962 to €97,498
- Gross operating margin -€9,714
down €9,714 (-4.3%), from €224,577 to €214,862
- Depreciation +€5,516
up €5,516 (+1391.2%), from €396 to €5,912
- Taxes -€3,290
down €3,290 (-5.8%), from €57,139 to €53,849
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 | €528,215 | €437,571 | -€90,643 | -17.2% |
| Fixed assets | 21/28 | €608 | €9,664 | +€9,056 | +1488.8% |
| Tangible fixed assets | 22/27 | €608 | €9,664 | +€9,056 | +1488.8% |
| Furniture and vehicles | 24 | €608 | €9,664 | +€9,056 | +1488.8% |
| Current assets | 29/58 | €527,607 | €427,907 | -€99,699 | -18.9% |
| Amounts receivable within one year | 40/41 | €39,833 | €84,226 | +€44,392 | +111.4% |
| Trade receivables | 40 | €39,833 | €84,226 | +€44,392 | +111.4% |
| Cash at bank and in hand | 54/58 | €487,118 | €341,929 | -€145,188 | -29.8% |
| Deferred charges and accrued income | 490/1 | €656 | €1,752 | +€1,097 | +167.3% |
| Total equity and liabilities | 10/49 | €528,215 | €437,571 | -€90,643 | -17.2% |
| Equity | 10/15 | €68,462 | €99,998 | +€31,536 | +46.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,962 | €97,498 | +€31,536 | +47.8% |
| Distributable reserves | 133 | €65,962 | €97,498 | +€31,536 | +47.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €459,753 | €337,573 | -€122,180 | -26.6% |
| Amounts payable within one year | 42/48 | €459,753 | €337,485 | -€122,268 | -26.6% |
| Trade debts | 44 | €1,969 | €1,403 | -€566 | -28.8% |
| Suppliers | 440/4 | €1,969 | €1,403 | -€566 | -28.8% |
| Taxes, remuneration and social security | 45 | €60,796 | €23,643 | -€37,153 | -61.1% |
| Taxes | 450/3 | €60,796 | €23,643 | -€37,153 | -61.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €396,988 | €312,440 | -€84,549 | -21.3% |
| Accrued charges and deferred income | 492/3 | €0 | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €5,912 | +€5,516 | +1391.2% |
| Other operating charges | 640/8 | €504 | €1,122 | +€618 | +122.5% |
| Gross operating margin | 9900 | €224,577 | €214,862 | -€9,714 | -4.3% |
| Operating profit (loss) | 9901 | €223,676 | €207,829 | -€15,847 | -7.1% |
| Financial charges | 65/66B | €3,234 | €2,444 | -€791 | -24.4% |
| Recurring financial charges | 65 | €3,234 | €2,444 | -€791 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €220,442 | €205,385 | -€15,056 | -6.8% |
| Income taxes | 67/77 | €57,139 | €53,849 | -€3,290 | -5.8% |
| Profit (loss) for the period | 9904 | €163,303 | €151,536 | -€11,766 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €163,303 | €151,536 | -€11,766 | -7.2% |
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 2 October 2026 via checked.be.