Dr. Inge Barbier: 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. Inge Barbier
Largest movements
- Current investments +€150,007
up €150,007 (+32.2%), from €466,474 to €616,481
- Tangible fixed assets +€22,313
up €22,313 (+3.0%), from €744,896 to €767,209
of which Furniture and vehicles: +€54,379
- Deferred charges and accrued income -€14,410
down €14,410 (-79.5%), from €18,128 to €3,717
- Reserves +€164,215
up €164,215 (+13.7%), from €1.2m to €1.4m
- Other operating charges -€65,360
down €65,360 (-94.1%), from €69,471 to €4,111
- Staff costs +€14,240
up €14,240 (+29.6%), from €48,077 to €62,318
- Gross operating margin -€12,141
down €12,141 (-2.5%), from €495,403 to €483,262
- Taxes +€8,372
up €8,372 (+7.9%), from €106,584 to €114,956
- Depreciation +€7,577
up €7,577 (+18.8%), from €40,255 to €47,833
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 | €1,241,883 | €1,400,528 | +€158,644 | +12.8% |
| Fixed assets | 21/28 | €744,896 | €767,209 | +€22,313 | +3.0% |
| Tangible fixed assets | 22/27 | €744,896 | €767,209 | +€22,313 | +3.0% |
| Land and buildings | 22 | €723,341 | €693,587 | -€29,754 | -4.1% |
| Plant, machinery and equipment | 23 | €6,440 | €4,128 | -€2,312 | -35.9% |
| Furniture and vehicles | 24 | €15,114 | €69,494 | +€54,379 | +360% |
| Current assets | 29/58 | €496,987 | €633,319 | +€136,331 | +27.4% |
| Amounts receivable within one year | 40/41 | - | €3,720 | +€3,720 | |
| Trade receivables | 40 | - | €2,534 | +€2,534 | |
| Other amounts receivable | 41 | - | €1,186 | +€1,186 | |
| Current investments | 50/53 | €466,474 | €616,481 | +€150,007 | +32.2% |
| Cash at bank and in hand | 54/58 | €12,386 | €9,400 | -€2,986 | -24.1% |
| Deferred charges and accrued income | 490/1 | €18,128 | €3,717 | -€14,410 | -79.5% |
| Total equity and liabilities | 10/49 | €1,241,883 | €1,400,528 | +€158,644 | +12.8% |
| Equity | 10/15 | €1,218,394 | €1,382,609 | +€164,215 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,199,794 | €1,364,009 | +€164,215 | +13.7% |
| Distributable reserves | 133 | €1,199,794 | €1,364,009 | +€164,215 | +13.7% |
| Amounts payable | 17/49 | €23,489 | €17,918 | -€5,570 | -23.7% |
| Amounts payable within one year | 42/48 | €23,489 | €17,918 | -€5,570 | -23.7% |
| Trade debts | 44 | €2,148 | - | -€2,148 | |
| Suppliers | 440/4 | €2,148 | - | -€2,148 | |
| Taxes, remuneration and social security | 45 | €18,958 | €17,918 | -€1,040 | -5.5% |
| Taxes | 450/3 | €11,833 | €15,335 | +€3,502 | +29.6% |
| Remuneration and social security | 454/9 | €7,125 | €2,584 | -€4,542 | -63.7% |
| Other amounts payable | 47/48 | €2,383 | - | -€2,383 | |
| Remuneration, social security and pensions | 62 | €48,077 | €62,318 | +€14,240 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,255 | €47,833 | +€7,577 | +18.8% |
| Other operating charges | 640/8 | €69,471 | €4,111 | -€65,360 | -94.1% |
| Gross operating margin | 9900 | €495,403 | €483,262 | -€12,141 | -2.5% |
| Operating profit (loss) | 9901 | €337,599 | €369,000 | +€31,402 | +9.3% |
| Financial income | 75/76B | €3,729 | €3,781 | +€52 | +1.4% |
| Recurring financial income | 75 | €3,729 | €3,781 | +€52 | +1.4% |
| Financial charges | 65/66B | €1,448 | €979 | -€469 | -32.4% |
| Recurring financial charges | 65 | €1,448 | €979 | -€469 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €339,879 | €371,802 | +€31,923 | +9.4% |
| Income taxes | 67/77 | €106,584 | €114,956 | +€8,372 | +7.9% |
| Profit (loss) for the period | 9904 | €233,295 | €256,846 | +€23,551 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €233,295 | €256,846 | +€23,551 | +10.1% |
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 22 October 2026 via checked.be.