BARVAUX: 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.
What changed
BARVAUX
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€256,016
2024 · -€1.0m+€771,289
Equity
-€175,403
2024 · €80,613-€256,016
Cash
€3,059
2024 · €81,986-€78,927
Balance sheet total
€1.8m
2024 · €2.7m-€920,237
Largest movements
Assets
- Receivables within one year -€673,008
down €673,008 (-27.5%), from €2.4m to €1.8m
of which Other amounts receivable: -€811,581
- Cash -€78,927
down €78,927 (-96.3%), from €81,986 to €3,059
mainly Short-term financial debts (-€380,457) and Net result for the year (-€256,016)
- Tangible fixed assets -€73,335
down €73,335 (-100%), from €73,335 to €0
of which Other tangible fixed assets: -€67,950
- Stocks and contracts -€66,787
down €66,787 (-100%), from €66,787 to €0
- Financial fixed assets -€27,330
down €27,330 (-100%), from €27,330 to €0
Equity and liabilities
- Short-term financial debts -€380,457
down €380,457 (-17.1%), from €2.2m to €1.8m
- Profit (loss) carried forward -€256,016
down €256,016 (-24.6%), from -€1.0m to -€1.3m
- Tax, wage and social debts -€163,165
down €163,165 (-98.8%), from €165,164 to €1,999
of which Taxes: -€129,529
- Trade debts -€102,324
down €102,324 (-48.3%), from €211,792 to €109,468
Income statement
- Goods and materials -€2.7m
down €2.7m (-94.8%), from €2.9m to €151,104
of which Change in stocks: decrease (increase): -€1.7m
- Turnover -€2.7m
down €2.7m (-96.7%), from €2.8m to €90,867
- Services and other goods -€473,681
down €473,681 (-82.7%), from €573,095 to €99,414
- Staff costs -€372,306
down €372,306 (-93.6%), from €397,766 to €25,460
- Write-downs +€146,186
up €146,186 (+58.7%), from -€249,178 to -€102,992
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
-€1.0m
Turnover
-€2.7m
Other operating income
+€5,969
Goods and materials
+€2.7m
Services and other goods
+€473,681
Staff costs
+€372,306
Depreciation
+€22,347
Write-downs
-€146,186
Provisions
-€122,800
Other operating charges
+€48,908
Other operating items
-€56,672
Financial income
-€738
Financial charges
+€24,496
Taxes
+€123,489
Result 2025
-€256,016
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€216,935
Investment
+€84,595
Financing
-€380,457
Cash 2024
€81,986
From operations (derived)
+€216,935
Net result for the year
-€256,016
Depreciation
+€16,070
Stocks and contracts
+€66,787
Receivables within one year
+€673,008
Smaller working-capital items
+€798
Trade debts
-€102,324
Tax, wage and social debts
-€163,165
Accrued charges and deferred income
-€18,223
Investment (derived)
+€84,595
Investment in fixed assets (net)
+€84,595
Financing
-€380,457
Short-term financial debts
-€380,457
Contributions, distributions and other
-€0
Cash 2025
€3,059
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,696,921 | €1,776,684 | -€920,237 | -34.1% |
| Fixed assets | 21/28 | €100,665 | €0 | -€100,665 | -100% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €73,335 | €0 | -€73,335 | -100% |
| Plant, machinery and equipment | 23 | €4,323 | €0 | -€4,323 | -100% |
| Furniture and vehicles | 24 | €1,062 | €0 | -€1,062 | -100% |
| Other tangible fixed assets | 26 | €67,950 | €0 | -€67,950 | -100% |
| Financial fixed assets | 28 | €27,330 | €0 | -€27,330 | -100% |
| Other financial fixed assets | 284/8 | €27,330 | €0 | -€27,330 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €27,330 | €0 | -€27,330 | -100% |
| Current assets | 29/58 | €2,596,256 | €1,776,684 | -€819,572 | -31.6% |
| Stocks and contracts in progress | 3 | €66,787 | €0 | -€66,787 | -100% |
| Stocks | 30/36 | €66,787 | €0 | -€66,787 | -100% |
| Goods purchased for resale | 34 | €66,787 | €0 | -€66,787 | -100% |
| Amounts receivable within one year | 40/41 | €2,446,633 | €1,773,625 | -€673,008 | -27.5% |
| Trade receivables | 40 | €1,598,118 | €1,736,691 | +€138,573 | +8.7% |
| Other amounts receivable | 41 | €848,515 | €36,934 | -€811,581 | -95.6% |
| Cash at bank and in hand | 54/58 | €81,986 | €3,059 | -€78,927 | -96.3% |
| Deferred charges and accrued income | 490/1 | €850 | - | -€850 | |
| Total equity and liabilities | 10/49 | €2,696,921 | €1,776,684 | -€920,237 | -34.1% |
| Equity | 10/15 | €80,613 | -€175,403 | -€256,016 | |
| Contributions | 10/11 | €199,000 | €199,000 | = | 0.0% |
| Capital | 10 | €199,000 | €199,000 | = | 0.0% |
| Issued capital | 100 | €199,000 | €199,000 | = | 0.0% |
| Reserves | 13 | €920,994 | €920,994 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €20,429 | €20,429 | -€0 | 0.0% |
| Legal reserve | 130 | €20,429 | €20,429 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €54,526 | €0 | -€54,526 | -100% |
| Distributable reserves | 133 | €846,039 | €900,565 | +€54,526 | +6.4% |
| Profit (loss) carried forward | 14 | -€1,039,381 | -€1,295,397 | -€256,016 | -24.6% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Amounts payable | 17/49 | €2,616,308 | €1,952,087 | -€664,221 | -25.4% |
| Amounts payable within one year | 42/48 | €2,598,085 | €1,952,087 | -€645,998 | -24.9% |
| Financial debts | 43 | €2,221,077 | €1,840,620 | -€380,457 | -17.1% |
| Credit institutions | 430/8 | €2,221,077 | €1,840,620 | -€380,457 | -17.1% |
| Trade debts | 44 | €211,792 | €109,468 | -€102,324 | -48.3% |
| Suppliers | 440/4 | €211,792 | €109,468 | -€102,324 | -48.3% |
| Taxes, remuneration and social security | 45 | €165,164 | €1,999 | -€163,165 | -98.8% |
| Taxes | 450/3 | €130,331 | €802 | -€129,529 | -99.4% |
| Remuneration and social security | 454/9 | €34,833 | €1,198 | -€33,635 | -96.6% |
| Other amounts payable | 47/48 | €52 | - | -€52 | |
| Accrued charges and deferred income | 492/3 | €18,223 | €0 | -€18,223 | -100% |
| Operating income | 70/76A | €2,830,997 | €133,464 | -€2.7m | -95.3% |
| Turnover | 70 | €2,794,369 | €90,867 | -€2.7m | -96.7% |
| Other operating income | 74 | €36,628 | €42,597 | +€5,969 | +16.3% |
| Operating charges | 60/66A | €3,588,199 | €266,624 | -€3.3m | -92.6% |
| Goods for resale, raw materials and consumables | 60 | €2,881,095 | €151,104 | -€2.7m | -94.8% |
| Purchases | 600/8 | €1,030,914 | €48 | -€1.0m | -100.0% |
| Change in stocks: decrease (increase) | 609 | €1,850,181 | €151,056 | -€1.7m | -91.8% |
| Services and other goods | 61 | €573,095 | €99,414 | -€473,681 | -82.7% |
| Remuneration, social security and pensions | 62 | €397,766 | €25,460 | -€372,306 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,417 | €16,070 | -€22,347 | -58.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€249,178 | -€102,992 | +€146,186 | +58.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€122,800 | - | +€122,800 | |
| Other operating charges | 640/8 | €69,804 | €20,896 | -€48,908 | -70.1% |
| Non-recurring operating charges | 66A | - | €56,672 | +€56,672 | |
| Operating profit (loss) | 9901 | -€757,202 | -€133,160 | +€624,042 | +82.4% |
| Financial income | 75/76B | €778 | €40 | -€738 | -94.9% |
| Recurring financial income | 75 | €778 | €40 | -€738 | -94.9% |
| Income from current assets | 751 | €699 | €40 | -€659 | -94.3% |
| Other financial income | 752/9 | €79 | - | -€79 | |
| Financial charges | 65/66B | €147,392 | €122,896 | -€24,496 | -16.6% |
| Recurring financial charges | 65 | €147,392 | €122,896 | -€24,496 | -16.6% |
| Debt charges | 650 | €137,577 | €118,078 | -€19,499 | -14.2% |
| Other financial charges | 652/9 | €9,815 | €4,818 | -€4,997 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | -€903,816 | -€256,016 | +€647,800 | +71.7% |
| Income taxes | 67/77 | €123,489 | €0 | -€123,489 | -100% |
| Taxes | 670/3 | €123,489 | - | -€123,489 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€1,027,305 | -€256,016 | +€771,289 | +75.1% |
| Transfer from tax-exempt reserves | 789 | - | €54,526 | +€54,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,027,305 | -€201,490 | +€825,815 | +80.4% |
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 16 October 2026 via checked.be.