BARÚ: 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.
BARÚ
Largest movements
- Receivables within one year +€329,015
up €329,015 (+72.0%), from €456,746 to €785,761
of which Trade receivables: +€250,583
- Current investments +€54,953
up €54,953 (+13.9%), from €395,047 to €450,000
- Tangible fixed assets +€33,358
up €33,358 (+326.2%), from €10,228 to €43,585
of which Furniture and vehicles: +€29,820
- Receivables after one year -€29,769
down €29,769 (-69.7%), from €42,740 to €12,971
- Deferred charges and accrued income +€16,950
up €16,950 (+237.3%), from €7,143 to €24,093
- Trade debts +€218,126
up €218,126 (+72.6%), from €300,637 to €518,763
- Reserves +€181,749
up €181,749 (+56.8%), from €319,719 to €501,468
of which Distributable reserves: +€139,649
- Gross operating margin +€286,808
up €286,808 (+56.0%), from €511,921 to €798,728
- Staff costs +€71,457
up €71,457 (+20.8%), from €343,115 to €414,572
- Taxes +€56,710
up €56,710 (+125.2%), from €45,284 to €101,994
- Financial charges +€22,340
up €22,340 (+57.9%), from €38,583 to €60,924
- Depreciation +€14,904
up €14,904 (+120.4%), from €12,376 to €27,279
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 | €1,044,525 | €1,450,740 | +€406,215 | +38.9% |
| Fixed assets | 21/28 | €14,083 | €45,322 | +€31,239 | +221.8% |
| Intangible fixed assets | 21 | €3,856 | €1,237 | -€2,619 | -67.9% |
| Tangible fixed assets | 22/27 | €10,228 | €43,585 | +€33,358 | +326.2% |
| Plant, machinery and equipment | 23 | - | €3,538 | +€3,538 | |
| Furniture and vehicles | 24 | €10,228 | €40,048 | +€29,820 | +291.6% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €1,030,442 | €1,405,418 | +€374,976 | +36.4% |
| Amounts receivable after more than one year | 29 | €42,740 | €12,971 | -€29,769 | -69.7% |
| Other amounts receivable | 291 | €42,740 | €12,971 | -€29,769 | -69.7% |
| Amounts receivable within one year | 40/41 | €456,746 | €785,761 | +€329,015 | +72.0% |
| Trade receivables | 40 | €345,050 | €595,633 | +€250,583 | +72.6% |
| Other amounts receivable | 41 | €111,696 | €190,128 | +€78,432 | +70.2% |
| Current investments | 50/53 | €395,047 | €450,000 | +€54,953 | +13.9% |
| Cash at bank and in hand | 54/58 | €128,766 | €132,594 | +€3,828 | +3.0% |
| Deferred charges and accrued income | 490/1 | €7,143 | €24,093 | +€16,950 | +237.3% |
| Total equity and liabilities | 10/49 | €1,044,525 | €1,450,740 | +€406,215 | +38.9% |
| Equity | 10/15 | €673,098 | €854,847 | +€181,749 | +27.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €319,719 | €501,468 | +€181,749 | +56.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €313,519 | €453,168 | +€139,649 | +44.5% |
| Profit (loss) carried forward | 14 | €291,379 | €291,379 | = | 0.0% |
| Amounts payable | 17/49 | €371,427 | €595,893 | +€224,466 | +60.4% |
| Amounts payable within one year | 42/48 | €371,427 | €595,893 | +€224,466 | +60.4% |
| Trade debts | 44 | €300,637 | €518,763 | +€218,126 | +72.6% |
| Suppliers | 440/4 | €300,637 | €518,763 | +€218,126 | +72.6% |
| Advances received on contracts in progress | 46 | €4,502 | €4,502 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €66,288 | €72,628 | +€6,340 | +9.6% |
| Taxes | 450/3 | €22,611 | €20,424 | -€2,188 | -9.7% |
| Remuneration and social security | 454/9 | €43,677 | €52,205 | +€8,528 | +19.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €29,876 | +€29,876 | |
| Remuneration, social security and pensions | 62 | €343,115 | €414,572 | +€71,457 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,376 | €27,279 | +€14,904 | +120.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €16,458 | €17,831 | +€1,372 | +8.3% |
| Gross operating margin | 9900 | €511,921 | €798,728 | +€286,808 | +56.0% |
| Operating profit (loss) | 9901 | €139,972 | €339,047 | +€199,075 | +142.2% |
| Financial income | 75/76B | €20,980 | €15,382 | -€5,598 | -26.7% |
| Recurring financial income | 75 | €20,980 | €15,382 | -€5,598 | -26.7% |
| Financial charges | 65/66B | €38,583 | €60,924 | +€22,340 | +57.9% |
| Recurring financial charges | 65 | €38,583 | €60,924 | +€22,340 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €122,368 | €293,505 | +€171,137 | +139.9% |
| Income taxes | 67/77 | €45,284 | €101,994 | +€56,710 | +125.2% |
| Profit (loss) for the period | 9904 | €77,084 | €191,511 | +€114,427 | +148.4% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,084 | €149,411 | +€72,327 | +93.8% |
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 12 October 2026 via checked.be.