BARWAL: 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.
BARWAL
Largest movements
- Cash +€63,893
up €63,893 (+149.7%), from €42,676 to €106,569
mainly Trade debts (+€58,955) and Stocks and contracts (+€44,360)
- Stocks and contracts -€44,360
down €44,360 (-81.2%), from €54,661 to €10,301
- Receivables within one year -€11,468
down €11,468 (-41.3%), from €27,739 to €16,271
of which Trade receivables: -€11,328
- Trade debts +€58,955
up €58,955 (+1034.7%), from €5,698 to €64,653
- Tax, wage and social debts -€19,082
down €19,082 (-91.1%), from €20,942 to €1,860
- Profit (loss) carried forward -€17,328
down €17,328 (-40.6%), from €42,629 to €25,301
- Debts after one year -€15,518
down €15,518 (-51.1%), from €30,363 to €14,845
- Gross operating margin -€63,985
down €63,985, from €50,591 to -€13,394
- Taxes -€10,514
down €10,514 (-99.7%), from €10,545 to €32
- Financial charges -€890
down €890 (-22.4%), from €3,976 to €3,086
- Write-downs -€615
no longer reported in 2025 (was €615)
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 | €126,361 | €133,537 | +€7,175 | +5.7% |
| Fixed assets | 21/28 | €792 | €396 | -€396 | -50.0% |
| Tangible fixed assets | 22/27 | €792 | €396 | -€396 | -50.0% |
| Furniture and vehicles | 24 | €792 | €396 | -€396 | -50.0% |
| Current assets | 29/58 | €125,569 | €133,141 | +€7,571 | +6.0% |
| Stocks and contracts in progress | 3 | €54,661 | €10,301 | -€44,360 | -81.2% |
| Stocks | 30/36 | €54,661 | €10,301 | -€44,360 | -81.2% |
| Amounts receivable within one year | 40/41 | €27,739 | €16,271 | -€11,468 | -41.3% |
| Trade receivables | 40 | €27,599 | €16,271 | -€11,328 | -41.0% |
| Other amounts receivable | 41 | €139 | - | -€139 | |
| Cash at bank and in hand | 54/58 | €42,676 | €106,569 | +€63,893 | +149.7% |
| Deferred charges and accrued income | 490/1 | €494 | - | -€494 | |
| Total equity and liabilities | 10/49 | €126,361 | €133,537 | +€7,175 | +5.7% |
| Equity | 10/15 | €52,629 | €35,301 | -€17,328 | -32.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,629 | €25,301 | -€17,328 | -40.6% |
| Amounts payable | 17/49 | €73,732 | €98,236 | +€24,504 | +33.2% |
| Amounts payable after more than one year | 17 | €30,363 | €14,845 | -€15,518 | -51.1% |
| Financial debts | 170/4 | €30,363 | €14,845 | -€15,518 | -51.1% |
| Amounts payable within one year | 42/48 | €43,369 | €83,391 | +€40,022 | +92.3% |
| Current portion of amounts payable after more than one year | 42 | €16,379 | €16,877 | +€498 | +3.0% |
| Trade debts | 44 | €5,698 | €64,653 | +€58,955 | +1034.7% |
| Suppliers | 440/4 | €5,698 | €64,653 | +€58,955 | +1034.7% |
| Taxes, remuneration and social security | 45 | €20,942 | €1,860 | -€19,082 | -91.1% |
| Taxes | 450/3 | €20,942 | €1,860 | -€19,082 | -91.1% |
| Other amounts payable | 47/48 | €349 | - | -€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €396 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €615 | - | -€615 | |
| Other operating charges | 640/8 | €96 | €496 | +€400 | +416.4% |
| Gross operating margin | 9900 | €50,591 | -€13,394 | -€63,985 | |
| Operating profit (loss) | 9901 | €49,484 | -€14,286 | -€63,770 | |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €3,976 | €3,086 | -€890 | -22.4% |
| Recurring financial charges | 65 | €3,976 | €3,086 | -€890 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €45,508 | -€17,297 | -€62,805 | |
| Income taxes | 67/77 | €10,545 | €32 | -€10,514 | -99.7% |
| Profit (loss) for the period | 9904 | €34,963 | -€17,328 | -€52,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,963 | -€17,328 | -€52,291 |
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 29 September 2026 via checked.be.