BARZE: 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.
BARZE
Largest movements
- Tangible fixed assets -€20,880
down €20,880 (-5.7%), from €368,249 to €347,369
of which Land and buildings: -€10,872
- Cash +€6,367
up €6,367 (+88.6%), from €7,188 to €13,555
mainly Depreciation (+€20,880) and Other debts (+€20,421)
- Stocks and contracts +€4,699
up €4,699 (+19.5%), from €24,156 to €28,855
- Debts after one year -€25,061
down €25,061 (-12.7%), from €197,016 to €171,955
- Other debts +€20,421
up €20,421 (+12.3%), from €166,169 to €186,590
- Current portion of long-term debt -€6,255
down €6,255 (-20.0%), from €31,316 to €25,061
- Trade debts +€6,030
up €6,030 (+31.0%), from €19,436 to €25,466
- Gross operating margin +€17,208
up €17,208 (+43.5%), from €39,523 to €56,731
- Staff costs -€4,985
down €4,985 (-13.3%), from €37,556 to €32,571
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 | €404,746 | €399,539 | -€5,208 | -1.3% |
| Fixed assets | 21/28 | €368,249 | €347,369 | -€20,880 | -5.7% |
| Tangible fixed assets | 22/27 | €368,249 | €347,369 | -€20,880 | -5.7% |
| Land and buildings | 22 | €332,224 | €321,353 | -€10,872 | -3.3% |
| Plant, machinery and equipment | 23 | €30,751 | €22,071 | -€8,680 | -28.2% |
| Furniture and vehicles | 24 | €5,274 | €3,946 | -€1,329 | -25.2% |
| Current assets | 29/58 | €36,497 | €52,170 | +€15,673 | +42.9% |
| Stocks and contracts in progress | 3 | €24,156 | €28,855 | +€4,699 | +19.5% |
| Stocks | 30/36 | €24,156 | €28,855 | +€4,699 | +19.5% |
| Amounts receivable within one year | 40/41 | €4,669 | €8,450 | +€3,781 | +81.0% |
| Trade receivables | 40 | €4,669 | €8,450 | +€3,781 | +81.0% |
| Cash at bank and in hand | 54/58 | €7,188 | €13,555 | +€6,367 | +88.6% |
| Deferred charges and accrued income | 490/1 | €484 | €1,310 | +€826 | +170.8% |
| Total equity and liabilities | 10/49 | €404,746 | €399,539 | -€5,208 | -1.3% |
| Equity | 10/15 | -€14,192 | -€17,032 | -€2,841 | -20.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Outside capital | 11 | €45,000 | - | -€45,000 | |
| Other | 1109/19 | €45,000 | - | -€45,000 | |
| Reserves | 13 | €10,845 | €10,845 | = | 0.0% |
| Distributable reserves | 133 | €10,845 | €10,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,036 | -€72,877 | -€2,841 | -4.1% |
| Amounts payable | 17/49 | €418,938 | €416,571 | -€2,367 | -0.6% |
| Amounts payable after more than one year | 17 | €197,016 | €171,955 | -€25,061 | -12.7% |
| Financial debts | 170/4 | €197,016 | €171,955 | -€25,061 | -12.7% |
| Amounts payable within one year | 42/48 | €221,921 | €244,616 | +€22,694 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €31,316 | €25,061 | -€6,255 | -20.0% |
| Trade debts | 44 | €19,436 | €25,466 | +€6,030 | +31.0% |
| Suppliers | 440/4 | €19,436 | €25,466 | +€6,030 | +31.0% |
| Taxes, remuneration and social security | 45 | €5,000 | €7,499 | +€2,499 | +50.0% |
| Taxes | 450/3 | €1,268 | €2,967 | +€1,699 | +134.0% |
| Remuneration and social security | 454/9 | €3,732 | €4,532 | +€800 | +21.4% |
| Other amounts payable | 47/48 | €166,169 | €186,590 | +€20,421 | +12.3% |
| Remuneration, social security and pensions | 62 | €37,556 | €32,571 | -€4,985 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,976 | €20,880 | -€95 | -0.5% |
| Other operating charges | 640/8 | €3,778 | €3,825 | +€47 | +1.2% |
| Gross operating margin | 9900 | €39,523 | €56,731 | +€17,208 | +43.5% |
| Operating profit (loss) | 9901 | -€22,787 | -€545 | +€22,241 | +97.6% |
| Financial income | 75/76B | €863 | €975 | +€112 | +13.0% |
| Recurring financial income | 75 | €863 | €975 | +€112 | +13.0% |
| Financial charges | 65/66B | €3,814 | €3,270 | -€544 | -14.3% |
| Recurring financial charges | 65 | €3,814 | €3,270 | -€544 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,738 | -€2,841 | +€22,897 | +89.0% |
| Profit (loss) for the period | 9904 | -€25,738 | -€2,841 | +€22,897 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,738 | -€2,841 | +€22,897 | +89.0% |
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 7 October 2026 via checked.be.