LE BAR: 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.
LE BAR
Largest movements
- Deferred charges and accrued income +€27,845
up €27,845 (+2207.1%), from €1,262 to €29,107
- Cash +€14,917
up €14,917 (+26.1%), from €57,115 to €72,032
mainly Trade debts (+€58,733) and Receivables within one year (+€3,490)
- Financial fixed assets +€8,228
up €8,228 (+12.5%), from €66,001 to €74,229
- Receivables within one year -€3,490
down €3,490 (-14.4%), from €24,241 to €20,751
of which Trade receivables: -€3,484
- Trade debts +€58,733
up €58,733 (+33.1%), from €177,179 to €235,911
- Tax, wage and social debts -€12,389
down €12,389 (-20.6%), from €60,170 to €47,781
of which Remuneration and social security: -€7,553
- Gross operating margin +€30,545
up €30,545 (+11.8%), from €259,225 to €289,770
- Staff costs -€19,182
down €19,182 (-6.3%), from €304,783 to €285,601
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 | €157,241 | €204,547 | +€47,306 | +30.1% |
| Fixed assets | 21/28 | €68,032 | €75,494 | +€7,462 | +11.0% |
| Tangible fixed assets | 22/27 | €2,031 | €1,265 | -€766 | -37.7% |
| Plant, machinery and equipment | 23 | €2,031 | €1,265 | -€766 | -37.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €66,001 | €74,229 | +€8,228 | +12.5% |
| Current assets | 29/58 | €89,209 | €129,053 | +€39,844 | +44.7% |
| Stocks and contracts in progress | 3 | €6,591 | €7,163 | +€572 | +8.7% |
| Stocks | 30/36 | €6,591 | €7,163 | +€572 | +8.7% |
| Amounts receivable within one year | 40/41 | €24,241 | €20,751 | -€3,490 | -14.4% |
| Trade receivables | 40 | €24,235 | €20,751 | -€3,484 | -14.4% |
| Other amounts receivable | 41 | €6 | €0 | -€6 | -100.0% |
| Cash at bank and in hand | 54/58 | €57,115 | €72,032 | +€14,917 | +26.1% |
| Deferred charges and accrued income | 490/1 | €1,262 | €29,107 | +€27,845 | +2207.1% |
| Total equity and liabilities | 10/49 | €157,241 | €204,547 | +€47,306 | +30.1% |
| Equity | 10/15 | -€90,117 | -€89,156 | +€962 | +1.1% |
| Contributions | 10/11 | €55,900 | €55,900 | = | 0.0% |
| Reserves | 13 | €10,597 | €10,597 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,400 | €4,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,615 | -€155,653 | +€962 | +0.6% |
| Amounts payable | 17/49 | €247,358 | €293,702 | +€46,344 | +18.7% |
| Amounts payable within one year | 42/48 | €247,358 | €293,702 | +€46,344 | +18.7% |
| Trade debts | 44 | €177,179 | €235,911 | +€58,733 | +33.1% |
| Suppliers | 440/4 | €177,179 | €235,911 | +€58,733 | +33.1% |
| Taxes, remuneration and social security | 45 | €60,170 | €47,781 | -€12,389 | -20.6% |
| Taxes | 450/3 | €22,692 | €17,856 | -€4,836 | -21.3% |
| Remuneration and social security | 454/9 | €37,478 | €29,925 | -€7,553 | -20.2% |
| Other amounts payable | 47/48 | €10,010 | €10,010 | = | 0.0% |
| Non-recurring operating income | 76A | €5,497 | €8,228 | +€2,731 | +49.7% |
| Remuneration, social security and pensions | 62 | €304,783 | €285,601 | -€19,182 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €884 | €766 | -€118 | -13.4% |
| Other operating charges | 640/8 | €3,109 | €2,305 | -€805 | -25.9% |
| Gross operating margin | 9900 | €259,225 | €289,770 | +€30,545 | +11.8% |
| Operating profit (loss) | 9901 | -€49,551 | €1,098 | +€50,649 | |
| Financial income | 75/76B | €78 | €117 | +€39 | +50.7% |
| Recurring financial income | 75 | €78 | €117 | +€39 | +50.7% |
| Financial charges | 65/66B | €148 | €253 | +€106 | +71.3% |
| Recurring financial charges | 65 | €148 | €253 | +€106 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,621 | €962 | +€50,583 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -66.7% |
| Profit (loss) for the period | 9904 | -€49,621 | €962 | +€50,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,621 | €962 | +€50,583 |
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 6 October 2026 via checked.be.