ETS BARBIER: 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.
ETS BARBIER
Largest movements
- Cash +€82,245
up €82,245 (+123.1%), from €66,837 to €149,082
mainly Other debts (+€120,000) and Depreciation (+€90,896)
- Tangible fixed assets -€72,632
down €72,632 (-21.4%), from €339,235 to €266,603
of which Other tangible fixed assets: -€83,200
- Stocks and contracts +€27,025
up €27,025 (+8.5%), from €318,656 to €345,680
- Receivables within one year -€10,970
down €10,970 (-12.7%), from €86,485 to €75,516
of which Trade receivables: -€10,970
- Other debts +€120,000
up €120,000 (+29.6%), from €405,000 to €525,000
- Current portion of long-term debt -€47,581
down €47,581 (-50.9%), from €93,531 to €45,950
- Debts after one year -€45,950
down €45,950 (-4.2%), from €1.1m to €1.1m
of which Financial debts: -€45,950
- Trade debts +€21,033
up €21,033 (+5.5%), from €382,284 to €403,317
- Profit (loss) carried forward -€19,583
down €19,583 (-1.3%), from -€1.5m to -€1.6m
- Gross operating margin +€83,759
up €83,759 (+25.0%), from €334,429 to €418,188
- Depreciation -€7,428
down €7,428 (-7.6%), from €98,324 to €90,896
- Financial charges -€6,078
down €6,078 (-31.6%), from €19,207 to €13,129
of which Financial charges: -€3,113
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 | €814,021 | €839,723 | +€25,702 | +3.2% |
| Fixed assets | 21/28 | €340,394 | €267,762 | -€72,632 | -21.3% |
| Tangible fixed assets | 22/27 | €339,235 | €266,603 | -€72,632 | -21.4% |
| Plant, machinery and equipment | 23 | €16,513 | €27,080 | +€10,568 | +64.0% |
| Other tangible fixed assets | 26 | €322,722 | €239,522 | -€83,200 | -25.8% |
| Financial fixed assets | 28 | €1,160 | €1,160 | = | 0.0% |
| Current assets | 29/58 | €473,627 | €571,961 | +€98,334 | +20.8% |
| Stocks and contracts in progress | 3 | €318,656 | €345,680 | +€27,025 | +8.5% |
| Stocks | 30/36 | €318,656 | €345,680 | +€27,025 | +8.5% |
| Amounts receivable within one year | 40/41 | €86,485 | €75,516 | -€10,970 | -12.7% |
| Trade receivables | 40 | €28,434 | €17,464 | -€10,970 | -38.6% |
| Other amounts receivable | 41 | €58,052 | €58,052 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,837 | €149,082 | +€82,245 | +123.1% |
| Deferred charges and accrued income | 490/1 | €1,649 | €1,683 | +€34 | +2.0% |
| Total equity and liabilities | 10/49 | €814,021 | €839,723 | +€25,702 | +3.2% |
| Equity | 10/15 | -€1,201,479 | -€1,221,062 | -€19,583 | -1.6% |
| Contributions | 10/11 | €272,707 | €272,707 | = | 0.0% |
| Reserves | 13 | €60,268 | €60,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,331 | €5,331 | = | 0.0% |
| Distributable reserves | 133 | €54,937 | €54,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,534,454 | -€1,554,037 | -€19,583 | -1.3% |
| Amounts payable | 17/49 | €2,015,500 | €2,060,785 | +€45,285 | +2.2% |
| Amounts payable after more than one year | 17 | €1,095,950 | €1,050,000 | -€45,950 | -4.2% |
| Financial debts | 170/4 | €45,950 | - | -€45,950 | |
| Other amounts payable | 178/9 | €1,050,000 | €1,050,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €919,388 | €1,010,661 | +€91,273 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €93,531 | €45,950 | -€47,581 | -50.9% |
| Trade debts | 44 | €382,284 | €403,317 | +€21,033 | +5.5% |
| Suppliers | 440/4 | €382,284 | €403,317 | +€21,033 | +5.5% |
| Taxes, remuneration and social security | 45 | €38,572 | €36,393 | -€2,179 | -5.6% |
| Taxes | 450/3 | €425 | €2,754 | +€2,329 | +548.0% |
| Remuneration and social security | 454/9 | €38,147 | €33,639 | -€4,508 | -11.8% |
| Other amounts payable | 47/48 | €405,000 | €525,000 | +€120,000 | +29.6% |
| Accrued charges and deferred income | 492/3 | €162 | €124 | -€38 | -23.7% |
| Remuneration, social security and pensions | 62 | €331,471 | €327,308 | -€4,163 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,324 | €90,896 | -€7,428 | -7.6% |
| Other operating charges | 640/8 | €8,955 | €6,541 | -€2,414 | -27.0% |
| Gross operating margin | 9900 | €334,429 | €418,188 | +€83,759 | +25.0% |
| Operating profit (loss) | 9901 | -€104,320 | -€6,556 | +€97,764 | +93.7% |
| Financial income | 75/76B | €785 | €279 | -€506 | -64.5% |
| Recurring financial income | 75 | €785 | €279 | -€506 | -64.5% |
| Financial charges | 65/66B | €19,207 | €13,129 | -€6,078 | -31.6% |
| Recurring financial charges | 65 | €16,242 | €13,129 | -€3,113 | -19.2% |
| Non-recurring financial charges | 66B | €2,965 | - | -€2,965 | |
| Profit (loss) for the period before taxes | 9903 | -€122,742 | -€19,406 | +€103,336 | +84.2% |
| Income taxes | 67/77 | €179 | €177 | -€2 | -1.3% |
| Profit (loss) for the period | 9904 | -€122,921 | -€19,583 | +€103,338 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,921 | -€19,583 | +€103,338 | +84.1% |
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 3 October 2026 via checked.be.