LA BARDANE: 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.
LA BARDANE
Largest movements
- Receivables within one year +€223,461
up €223,461 (+377.9%), from €59,131 to €282,591
of which Other amounts receivable: +€181,091
- Current investments -€35,955
down €35,955 (-100.0%), from €35,955 to €0
- Tangible fixed assets -€32,518
down €32,518 (-15.1%), from €215,241 to €182,724
of which Land and buildings: -€18,559
- Stocks and contracts +€21,820
up €21,820 (+613.0%), from €3,560 to €25,380
- Cash -€6,633
down €6,633 (-20.7%), from €31,981 to €25,348
mainly Receivables within one year (-€223,461) and Net result for the year (-€74,721)
- Trade debts +€135,652
up €135,652 (+383.2%), from €35,399 to €171,051
- Tax, wage and social debts +€109,535
up €109,535 (+510.8%), from €21,444 to €130,979
of which Remuneration and social security: +€79,241
- Profit (loss) carried forward -€74,721
new in 2025: -€74,721
- Short-term financial debts +€25,000
new in 2025: €25,000
- Debts after one year -€20,892
down €20,892 (-13.2%), from €158,279 to €137,387
- Gross operating margin +€124,247
up €124,247 (+60.3%), from €205,928 to €330,175
- Staff costs +€91,896
up €91,896 (+34.8%), from €263,793 to €355,690
- Financial charges +€11,165
up €11,165 (+1399.1%), from €798 to €11,963
of which Financial charges: +€11,165
- Financial income -€4,799
down €4,799 (-71.4%), from €6,726 to €1,926
of which Financial income: -€4,800
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 | €354,189 | €525,033 | +€170,845 | +48.2% |
| Fixed assets | 21/28 | €216,741 | €184,224 | -€32,518 | -15.0% |
| Tangible fixed assets | 22/27 | €215,241 | €182,724 | -€32,518 | -15.1% |
| Land and buildings | 22 | €174,497 | €155,938 | -€18,559 | -10.6% |
| Plant, machinery and equipment | 23 | €9,263 | €7,020 | -€2,244 | -24.2% |
| Furniture and vehicles | 24 | €31,481 | €19,766 | -€11,715 | -37.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €137,447 | €340,809 | +€203,362 | +148.0% |
| Stocks and contracts in progress | 3 | €3,560 | €25,380 | +€21,820 | +613.0% |
| Stocks | 30/36 | €3,560 | €25,380 | +€21,820 | +613.0% |
| Amounts receivable within one year | 40/41 | €59,131 | €282,591 | +€223,461 | +377.9% |
| Trade receivables | 40 | €54,760 | €97,130 | +€42,370 | +77.4% |
| Other amounts receivable | 41 | €4,371 | €185,461 | +€181,091 | +4143.3% |
| Current investments | 50/53 | €35,955 | €0 | -€35,955 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,981 | €25,348 | -€6,633 | -20.7% |
| Deferred charges and accrued income | 490/1 | €6,821 | €7,490 | +€670 | +9.8% |
| Total equity and liabilities | 10/49 | €354,189 | €525,033 | +€170,845 | +48.2% |
| Equity | 10/15 | €101,297 | €24,839 | -€76,458 | -75.5% |
| Contributions | 10/11 | €80,700 | €80,700 | = | 0.0% |
| Reserves | 13 | €4,960 | €4,960 | = | 0.0% |
| Distributable reserves | 133 | €4,960 | €4,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€74,721 | -€74,721 | |
| Investment grants | 15 | €15,638 | €13,900 | -€1,738 | -11.1% |
| Amounts payable | 17/49 | €252,891 | €500,194 | +€247,303 | +97.8% |
| Amounts payable after more than one year | 17 | €158,279 | €137,387 | -€20,892 | -13.2% |
| Financial debts | 170/4 | €158,279 | €137,387 | -€20,892 | -13.2% |
| Amounts payable within one year | 42/48 | €94,613 | €362,807 | +€268,195 | +283.5% |
| Current portion of amounts payable after more than one year | 42 | €27,987 | €20,892 | -€7,095 | -25.4% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €35,399 | €171,051 | +€135,652 | +383.2% |
| Suppliers | 440/4 | €35,399 | €171,051 | +€135,652 | +383.2% |
| Taxes, remuneration and social security | 45 | €21,444 | €130,979 | +€109,535 | +510.8% |
| Taxes | 450/3 | €0 | €30,295 | +€30,295 | |
| Remuneration and social security | 454/9 | €21,444 | €100,684 | +€79,241 | +369.5% |
| Other amounts payable | 47/48 | €9,784 | €14,886 | +€5,102 | +52.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €263,793 | €355,690 | +€91,896 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,009 | €32,518 | +€509 | +1.6% |
| Other operating charges | 640/8 | €4,049 | €6,652 | +€2,604 | +64.3% |
| Gross operating margin | 9900 | €205,928 | €330,175 | +€124,247 | +60.3% |
| Operating profit (loss) | 9901 | -€93,922 | -€64,684 | +€29,238 | +31.1% |
| Financial income | 75/76B | €6,726 | €1,926 | -€4,799 | -71.4% |
| Recurring financial income | 75 | €6,726 | €1,925 | -€4,800 | -71.4% |
| Non-recurring financial income | 76B | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €798 | €11,963 | +€11,165 | +1399.1% |
| Recurring financial charges | 65 | €798 | €11,963 | +€11,165 | +1399.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€87,995 | -€74,721 | +€13,274 | +15.1% |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€87,995 | -€74,721 | +€13,274 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,995 | -€74,721 | +€13,274 | +15.1% |
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 9 October 2026 via checked.be.