DR. BARBIER JOHAN: 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.
DR. BARBIER JOHAN
Largest movements
- Cash -€122,918
down €122,918 (-21.2%), from €581,168 to €458,250
mainly Contributions, distributions and other (-€244,655) and Debts after one year (-€125,000)
- Current investments -€25,000
down €25,000 (-4.5%), from €556,000 to €531,000
- Debts after one year -€125,000
down €125,000 (-50.0%), from €250,000 to €125,000
- Reserves -€39,160
down €39,160 (-6.6%), from €589,758 to €550,598
- Tax, wage and social debts +€34,782
up €34,782 (+561%), from €6,202 to €40,984
of which Taxes: +€32,782
- Gross operating margin +€28,041
up €28,041 (+12.4%), from €226,517 to €254,558
- Taxes -€8,885
down €8,885 (-12.3%), from €72,078 to €63,194
- Financial income +€7,732
up €7,732 (+91.5%), from €8,449 to €16,181
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 | €1,170,602 | €1,032,319 | -€138,283 | -11.8% |
| Fixed assets | 21/28 | €93 | €93 | = | 0.0% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €1,170,510 | €1,032,226 | -€138,283 | -11.8% |
| Amounts receivable within one year | 40/41 | €32,877 | €42,512 | +€9,635 | +29.3% |
| Trade receivables | 40 | €32,877 | €38,876 | +€6,000 | +18.2% |
| Other amounts receivable | 41 | - | €3,635 | +€3,635 | |
| Current investments | 50/53 | €556,000 | €531,000 | -€25,000 | -4.5% |
| Cash at bank and in hand | 54/58 | €581,168 | €458,250 | -€122,918 | -21.2% |
| Deferred charges and accrued income | 490/1 | €465 | €465 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,170,602 | €1,032,319 | -€138,283 | -11.8% |
| Equity | 10/15 | €602,158 | €562,998 | -€39,160 | -6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €589,758 | €550,598 | -€39,160 | -6.6% |
| Distributable reserves | 133 | €589,758 | €550,598 | -€39,160 | -6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €568,445 | €469,321 | -€99,124 | -17.4% |
| Amounts payable after more than one year | 17 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Financial debts | 170/4 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Amounts payable within one year | 42/48 | €318,445 | €344,321 | +€25,876 | +8.1% |
| Trade debts | 44 | €2,492 | €2,965 | +€474 | +19.0% |
| Suppliers | 440/4 | €2,492 | €2,965 | +€474 | +19.0% |
| Taxes, remuneration and social security | 45 | €6,202 | €40,984 | +€34,782 | +561% |
| Taxes | 450/3 | €6,202 | €38,984 | +€32,782 | +529% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €309,751 | €300,371 | -€9,379 | -3.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,567 | €1,699 | +€132 | +8.4% |
| Gross operating margin | 9900 | €226,517 | €254,558 | +€28,041 | +12.4% |
| Operating profit (loss) | 9901 | €224,950 | €252,859 | +€27,909 | +12.4% |
| Financial income | 75/76B | €8,449 | €16,181 | +€7,732 | +91.5% |
| Recurring financial income | 75 | €8,449 | €16,181 | +€7,732 | +91.5% |
| Financial charges | 65/66B | €217 | €351 | +€134 | +61.8% |
| Recurring financial charges | 65 | €217 | €351 | +€134 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €233,182 | €268,689 | +€35,507 | +15.2% |
| Income taxes | 67/77 | €72,078 | €63,194 | -€8,885 | -12.3% |
| Profit (loss) for the period | 9904 | €161,104 | €205,496 | +€44,392 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €161,104 | €205,496 | +€44,392 | +27.6% |
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 20 October 2026 via checked.be.