BARZAL GROUP: 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.
BARZAL GROUP
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+177%), from €600,120 to €1.7m
- Receivables within one year +€971,900
up €971,900 (+910%), from €106,764 to €1.1m
of which Trade receivables: +€499,928
- Stocks and contracts -€654,976
down €654,976 (-27.5%), from €2.4m to €1.7m
- Tangible fixed assets +€99,761
up €99,761 (+2.5%), from €4.0m to €4.1m
of which Land and buildings: +€147,140
- Current portion of long-term debt +€893,826
up €893,826 (+425%), from €210,222 to €1.1m
- Trade debts +€534,746
up €534,746 (+1,192%), from €44,848 to €579,594
- Other debts +€400,911
up €400,911 (+19.2%), from €2.1m to €2.5m
- Profit (loss) carried forward -€312,999
down €312,999 (-29.6%), from -€1.1m to -€1.4m
- Gross operating margin +€648,524
up €648,524, from -€160,343 to €488,180
- Depreciation -€278,928
down €278,928 (-55.3%), from €504,041 to €225,114
- Financial charges +€190,425
up €190,425 (+138%), from €137,518 to €327,943
- Staff costs +€44,453
up €44,453 (+36.9%), from €120,367 to €164,820
- Other operating charges +€36,103
up €36,103 (+65.5%), from €55,116 to €91,218
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,193,182 | €8,738,265 | +€1.5m | +21.5% |
| Fixed assets | 21/28 | €4,561,701 | €5,726,462 | +€1.2m | +25.5% |
| Tangible fixed assets | 22/27 | €3,961,581 | €4,061,342 | +€99,761 | +2.5% |
| Land and buildings | 22 | €3,739,402 | €3,886,542 | +€147,140 | +3.9% |
| Plant, machinery and equipment | 23 | €222,179 | €174,799 | -€47,379 | -21.3% |
| Financial fixed assets | 28 | €600,120 | €1,665,120 | +€1.1m | +177% |
| Current assets | 29/58 | €2,631,482 | €3,011,804 | +€380,322 | +14.5% |
| Stocks and contracts in progress | 3 | €2,379,044 | €1,724,068 | -€654,976 | -27.5% |
| Stocks | 30/36 | €2,379,044 | €1,724,068 | -€654,976 | -27.5% |
| Amounts receivable within one year | 40/41 | €106,764 | €1,078,664 | +€971,900 | +910% |
| Trade receivables | 40 | €79,993 | €579,921 | +€499,928 | +625% |
| Other amounts receivable | 41 | €26,771 | €498,743 | +€471,972 | +1,763% |
| Cash at bank and in hand | 54/58 | €135,738 | €196,505 | +€60,767 | +44.8% |
| Deferred charges and accrued income | 490/1 | €9,935 | €12,567 | +€2,632 | +26.5% |
| Total equity and liabilities | 10/49 | €7,193,182 | €8,738,265 | +€1.5m | +21.5% |
| Equity | 10/15 | -€1,037,234 | -€1,350,233 | -€312,999 | -30.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,058,234 | -€1,371,233 | -€312,999 | -29.6% |
| Amounts payable | 17/49 | €8,230,416 | €10,088,498 | +€1.9m | +22.6% |
| Amounts payable after more than one year | 17 | €5,858,947 | €5,807,309 | -€51,638 | -0.9% |
| Financial debts | 170/4 | €5,858,947 | €5,792,759 | -€66,188 | -1.1% |
| Other amounts payable | 178/9 | - | €14,550 | +€14,550 | |
| Amounts payable within one year | 42/48 | €2,371,470 | €4,226,026 | +€1.9m | +78.2% |
| Current portion of amounts payable after more than one year | 42 | €210,222 | €1,104,048 | +€893,826 | +425% |
| Trade debts | 44 | €44,848 | €579,594 | +€534,746 | +1,192% |
| Suppliers | 440/4 | €44,848 | €579,594 | +€534,746 | +1,192% |
| Taxes, remuneration and social security | 45 | €24,624 | €49,698 | +€25,074 | +102% |
| Taxes | 450/3 | €5,947 | €22,215 | +€16,268 | +274% |
| Remuneration and social security | 454/9 | €18,677 | €27,483 | +€8,806 | +47.1% |
| Other amounts payable | 47/48 | €2,091,775 | €2,492,687 | +€400,911 | +19.2% |
| Accrued charges and deferred income | 492/3 | - | €55,163 | +€55,163 | |
| Remuneration, social security and pensions | 62 | €120,367 | €164,820 | +€44,453 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504,041 | €225,114 | -€278,928 | -55.3% |
| Other operating charges | 640/8 | €55,116 | €91,218 | +€36,103 | +65.5% |
| Non-recurring operating charges | 66A | €80,850 | - | -€80,850 | |
| Gross operating margin | 9900 | -€160,343 | €488,180 | +€648,524 | |
| Operating profit (loss) | 9901 | -€920,717 | €7,029 | +€927,746 | |
| Financial income | 75/76B | €1 | €7,915 | +€7,914 | +791,436% |
| Recurring financial income | 75 | €1 | €7,915 | +€7,914 | +791,436% |
| Financial charges | 65/66B | €137,518 | €327,943 | +€190,425 | +138% |
| Recurring financial charges | 65 | €137,518 | €327,943 | +€190,425 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€1,058,234 | -€312,999 | +€745,235 | +70.4% |
| Profit (loss) for the period | 9904 | -€1,058,234 | -€312,999 | +€745,235 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,058,234 | -€312,999 | +€745,235 | +70.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.