D. BARAS: 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.
D. BARAS
Largest movements
- Receivables within one year -€28,097
down €28,097 (-89.1%), from €31,519 to €3,422
of which Trade receivables: -€22,765
- Tangible fixed assets -€9,664
down €9,664 (-26.5%), from €36,448 to €26,784
of which Furniture and vehicles: -€9,569
- Cash +€6,493
up €6,493 (+16.6%), from €39,101 to €45,593
mainly Receivables within one year (+€28,097) and Depreciation (+€14,392)
- Deferred charges and accrued income -€3,031
down €3,031 (-73.8%), from €4,104 to €1,073
- Trade debts -€22,700
down €22,700 (-92.7%), from €24,500 to €1,800
- Other debts -€9,423
down €9,423 (-92.2%), from €10,225 to €802
- Tax, wage and social debts -€7,751
down €7,751 (-61.2%), from €12,670 to €4,919
of which Remuneration and social security: -€7,252
- Profit (loss) carried forward +€5,264
up €5,264 (+19.3%), from €27,328 to €32,593
- Staff costs -€92,305
down €92,305 (-81.2%), from €113,619 to €21,314
- Gross operating margin -€85,540
down €85,540 (-64.1%), from €133,513 to €47,973
- Taxes +€1,630
up €1,630 (+98.8%), from €1,650 to €3,280
- Financial charges -€1,547
down €1,547 (-75.4%), from €2,050 to €503
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 | €111,483 | €76,873 | -€34,610 | -31.0% |
| Fixed assets | 21/28 | €36,759 | €26,784 | -€9,975 | -27.1% |
| Tangible fixed assets | 22/27 | €36,448 | €26,784 | -€9,664 | -26.5% |
| Plant, machinery and equipment | 23 | €95 | €0 | -€95 | -100.0% |
| Furniture and vehicles | 24 | €36,353 | €26,784 | -€9,569 | -26.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €311 | €0 | -€311 | -100.0% |
| Current assets | 29/58 | €74,724 | €50,089 | -€24,635 | -33.0% |
| Amounts receivable within one year | 40/41 | €31,519 | €3,422 | -€28,097 | -89.1% |
| Trade receivables | 40 | €25,172 | €2,407 | -€22,765 | -90.4% |
| Other amounts receivable | 41 | €6,347 | €1,016 | -€5,332 | -84.0% |
| Cash at bank and in hand | 54/58 | €39,101 | €45,593 | +€6,493 | +16.6% |
| Deferred charges and accrued income | 490/1 | €4,104 | €1,073 | -€3,031 | -73.8% |
| Total equity and liabilities | 10/49 | €111,483 | €76,873 | -€34,610 | -31.0% |
| Equity | 10/15 | €64,088 | €69,353 | +€5,264 | +8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,360 | €24,360 | = | 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 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,328 | €32,593 | +€5,264 | +19.3% |
| Amounts payable | 17/49 | €47,395 | €7,521 | -€39,874 | -84.1% |
| Amounts payable within one year | 42/48 | €47,395 | €7,521 | -€39,874 | -84.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €24,500 | €1,800 | -€22,700 | -92.7% |
| Suppliers | 440/4 | €24,500 | €1,800 | -€22,700 | -92.7% |
| Taxes, remuneration and social security | 45 | €12,670 | €4,919 | -€7,751 | -61.2% |
| Taxes | 450/3 | €5,418 | €4,919 | -€499 | -9.2% |
| Remuneration and social security | 454/9 | €7,252 | €0 | -€7,252 | -100.0% |
| Other amounts payable | 47/48 | €10,225 | €802 | -€9,423 | -92.2% |
| Remuneration, social security and pensions | 62 | €113,619 | €21,314 | -€92,305 | -81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,494 | €14,392 | -€102 | -0.7% |
| Other operating charges | 640/8 | €3,775 | €3,329 | -€445 | -11.8% |
| Gross operating margin | 9900 | €133,513 | €47,973 | -€85,540 | -64.1% |
| Operating profit (loss) | 9901 | €1,625 | €8,938 | +€7,313 | +450.0% |
| Financial income | 75/76B | €65 | €110 | +€45 | +69.2% |
| Recurring financial income | 75 | €65 | €110 | +€45 | +69.2% |
| Financial charges | 65/66B | €2,050 | €503 | -€1,547 | -75.4% |
| Recurring financial charges | 65 | €2,050 | €503 | -€1,547 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | -€360 | €8,544 | +€8,905 | |
| Income taxes | 67/77 | €1,650 | €3,280 | +€1,630 | +98.8% |
| Profit (loss) for the period | 9904 | -€2,010 | €5,264 | +€7,275 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,010 | €5,264 | +€7,275 |
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 12 October 2026 via checked.be.