Dr. Michael Barelli: what changed
Dr. Michael Barelli
Largest movements
- Cash +€14,155
up €14,155 (+108%), from €13,136 to €27,292
mainly Net result for the year (+€18,626) and Depreciation (+€8,583)
- Tangible fixed assets -€6,439
down €6,439 (-18.2%), from €35,381 to €28,943
of which Leasing and similar rights: -€7,613
- Receivables within one year +€5,282
up €5,282 (+23.5%), from €22,497 to €27,779
of which Trade receivables: +€5,347
- Profit (loss) carried forward +€18,626
up €18,626 (+59.4%), from €31,380 to €50,006
- Debts after one year -€10,079
down €10,079 (-49.3%), from €20,428 to €10,349
- Current portion of long-term debt +€3,235
up €3,235 (+32.7%), from €9,897 to €13,132
- Tax, wage and social debts +€1,937
up €1,937 (+47.6%), from €4,065 to €6,002
- Gross operating margin -€11,074
down €11,074 (-23.4%), from €47,305 to €36,231
- Depreciation +€2,334
up €2,334 (+37.4%), from €6,249 to €8,583
- Financial charges +€1,855
up €1,855 (+309,200%), from €1 to €1,856
- Taxes -€783
down €783 (-10.2%), from €7,643 to €6,859
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,014 | €84,489 | +€13,475 | +19.0% |
| Fixed assets | 21/28 | €35,381 | €28,943 | -€6,439 | -18.2% |
| Tangible fixed assets | 22/27 | €35,381 | €28,943 | -€6,439 | -18.2% |
| Furniture and vehicles | 24 | €2,989 | €4,163 | +€1,174 | +39.3% |
| Leasing and similar rights | 25 | €32,392 | €24,779 | -€7,613 | -23.5% |
| Current assets | 29/58 | €35,633 | €55,547 | +€19,914 | +55.9% |
| Amounts receivable within one year | 40/41 | €22,497 | €27,779 | +€5,282 | +23.5% |
| Trade receivables | 40 | €15,775 | €21,122 | +€5,347 | +33.9% |
| Other amounts receivable | 41 | €6,721 | €6,657 | -€65 | -1.0% |
| Cash at bank and in hand | 54/58 | €13,136 | €27,292 | +€14,155 | +108% |
| Deferred charges and accrued income | 490/1 | - | €476 | +€476 | |
| Total equity and liabilities | 10/49 | €71,014 | €84,489 | +€13,475 | +19.0% |
| Equity | 10/15 | €36,380 | €55,006 | +€18,626 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,380 | €50,006 | +€18,626 | +59.4% |
| Amounts payable | 17/49 | €34,634 | €29,483 | -€5,151 | -14.9% |
| Amounts payable after more than one year | 17 | €20,428 | €10,349 | -€10,079 | -49.3% |
| Financial debts | 170/4 | €20,428 | €10,349 | -€10,079 | -49.3% |
| Amounts payable within one year | 42/48 | €14,206 | €19,134 | +€4,928 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €9,897 | €13,132 | +€3,235 | +32.7% |
| Trade debts | 44 | €244 | - | -€244 | |
| Suppliers | 440/4 | €244 | - | -€244 | |
| Taxes, remuneration and social security | 45 | €4,065 | €6,002 | +€1,937 | +47.6% |
| Taxes | 450/3 | €4,065 | €6,002 | +€1,937 | +47.6% |
| Remuneration, social security and pensions | 62 | €108 | - | -€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,249 | €8,583 | +€2,334 | +37.4% |
| Other operating charges | 640/8 | €1,062 | €673 | -€389 | -36.6% |
| Gross operating margin | 9900 | €47,305 | €36,231 | -€11,074 | -23.4% |
| Operating profit (loss) | 9901 | €39,887 | €26,975 | -€12,912 | -32.4% |
| Financial income | 75/76B | €178 | €366 | +€189 | +106% |
| Recurring financial income | 75 | €178 | €366 | +€189 | +106% |
| Financial charges | 65/66B | €1 | €1,856 | +€1,855 | +309,200% |
| Recurring financial charges | 65 | €1 | €1,856 | +€1,855 | +309,200% |
| Profit (loss) for the period before taxes | 9903 | €40,064 | €25,485 | -€14,579 | -36.4% |
| Income taxes | 67/77 | €7,643 | €6,859 | -€783 | -10.2% |
| Profit (loss) for the period | 9904 | €32,421 | €18,626 | -€13,796 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,421 | €18,626 | -€13,796 | -42.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.