BARZA PROJECTS: 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.
BARZA PROJECTS
Largest movements
- Tangible fixed assets -€43,858
down €43,858 (-7.5%), from €581,514 to €537,657
of which Land and buildings: -€39,054
- Receivables within one year +€38,190
up €38,190 (+30.0%), from €127,208 to €165,398
of which Other amounts receivable: +€51,339
- Stocks and contracts -€9,400
no longer reported in 2025 (was €9,400)
- Cash -€7,758
down €7,758 (-24.0%), from €32,332 to €24,574
mainly Debts after one year (-€47,816) and Receivables within one year (-€38,190)
- Debts after one year -€47,816
down €47,816 (-14.5%), from €330,726 to €282,910
- Profit (loss) carried forward +€21,581
up €21,581 (+14.9%), from €144,465 to €166,046
- Tax, wage and social debts +€14,619
up €14,619 (+556%), from €2,631 to €17,250
of which Taxes: +€13,783
- Trade debts -€13,761
down €13,761 (-24.2%), from €56,838 to €43,076
- Staff costs -€24,026
down €24,026 (-62.7%), from €38,307 to €14,280
- Other operating charges +€19,361
up €19,361 (+361%), from €5,357 to €24,718
- Gross operating margin +€11,041
up €11,041 (+9.1%), from €121,812 to €132,853
- Financial income -€5,125
down €5,125 (-75.0%), from €6,835 to €1,710
- Taxes +€4,016
new in 2025: €4,016
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €771,557 | €747,629 | -€23,928 | -3.1% |
| Fixed assets | 21/28 | €601,514 | €557,657 | -€43,858 | -7.3% |
| Tangible fixed assets | 22/27 | €581,514 | €537,657 | -€43,858 | -7.5% |
| Land and buildings | 22 | €559,380 | €520,326 | -€39,054 | -7.0% |
| Plant, machinery and equipment | 23 | €4,924 | €6,200 | +€1,276 | +25.9% |
| Furniture and vehicles | 24 | €17,211 | €11,131 | -€6,080 | -35.3% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €170,042 | €189,972 | +€19,930 | +11.7% |
| Stocks and contracts in progress | 3 | €9,400 | - | -€9,400 | |
| Stocks | 30/36 | €9,400 | - | -€9,400 | |
| Amounts receivable within one year | 40/41 | €127,208 | €165,398 | +€38,190 | +30.0% |
| Trade receivables | 40 | €30,836 | €17,687 | -€13,149 | -42.6% |
| Other amounts receivable | 41 | €96,372 | €147,711 | +€51,339 | +53.3% |
| Cash at bank and in hand | 54/58 | €32,332 | €24,574 | -€7,758 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,102 | - | -€1,102 | |
| Total equity and liabilities | 10/49 | €771,557 | €747,629 | -€23,928 | -3.1% |
| Equity | 10/15 | €334,996 | €356,577 | +€21,581 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,931 | €171,931 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €170,071 | €170,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,465 | €166,046 | +€21,581 | +14.9% |
| Amounts payable | 17/49 | €436,560 | €391,052 | -€45,509 | -10.4% |
| Amounts payable after more than one year | 17 | €330,726 | €282,910 | -€47,816 | -14.5% |
| Financial debts | 170/4 | €330,726 | €282,910 | -€47,816 | -14.5% |
| Amounts payable within one year | 42/48 | €105,835 | €108,141 | +€2,307 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €46,366 | €47,816 | +€1,449 | +3.1% |
| Trade debts | 44 | €56,838 | €43,076 | -€13,761 | -24.2% |
| Suppliers | 440/4 | €56,838 | €43,076 | -€13,761 | -24.2% |
| Taxes, remuneration and social security | 45 | €2,631 | €17,250 | +€14,619 | +556% |
| Taxes | 450/3 | €2,589 | €16,372 | +€13,783 | +532% |
| Remuneration and social security | 454/9 | €42 | €878 | +€836 | +2,014% |
| Remuneration, social security and pensions | 62 | €38,307 | €14,280 | -€24,026 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,690 | €55,519 | +€829 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,450 | - | +€1,450 | |
| Other operating charges | 640/8 | €5,357 | €24,718 | +€19,361 | +361% |
| Gross operating margin | 9900 | €121,812 | €132,853 | +€11,041 | +9.1% |
| Operating profit (loss) | 9901 | €24,909 | €38,336 | +€13,428 | +53.9% |
| Financial income | 75/76B | €6,835 | €1,710 | -€5,125 | -75.0% |
| Recurring financial income | 75 | €6,835 | €1,710 | -€5,125 | -75.0% |
| Financial charges | 65/66B | €12,727 | €14,450 | +€1,723 | +13.5% |
| Recurring financial charges | 65 | €12,727 | €14,450 | +€1,723 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €19,016 | €25,597 | +€6,580 | +34.6% |
| Income taxes | 67/77 | - | €4,016 | +€4,016 | |
| Profit (loss) for the period | 9904 | €19,016 | €21,581 | +€2,565 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,016 | €21,581 | +€2,565 | +13.5% |
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 23 October 2026 via checked.be.