Olivier Barket: 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.
Olivier Barket
Largest movements
- Cash -€75,690
down €75,690 (-22.2%), from €340,338 to €264,649
mainly Contributions, distributions and other (-€120,000) and Current investments (-€50,000)
- Current investments +€50,000
up €50,000 (+14.3%), from €350,000 to €400,000
- Tangible fixed assets -€13,558
down €13,558 (-8.2%), from €166,171 to €152,613
of which Furniture and vehicles: -€7,166
- Reserves -€39,000
down €39,000 (-7.5%), from €517,860 to €478,860
- Gross operating margin -€37,225
down €37,225 (-13.8%), from €270,626 to €233,401
- Financial charges +€27,653
up €27,653 (+41.8%), from €66,101 to €93,754
- Taxes -€23,401
down €23,401 (-41.6%), from €56,274 to €32,873
- Financial income -€8,234
down €8,234 (-56.3%), from €14,633 to €6,399
- Depreciation -€3,758
down €3,758 (-21.7%), from €17,316 to €13,558
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 | €857,588 | €825,285 | -€32,302 | -3.8% |
| Fixed assets | 21/28 | €166,171 | €152,613 | -€13,558 | -8.2% |
| Tangible fixed assets | 22/27 | €166,171 | €152,613 | -€13,558 | -8.2% |
| Land and buildings | 22 | €136,975 | €134,194 | -€2,781 | -2.0% |
| Plant, machinery and equipment | 23 | €21,323 | €17,713 | -€3,610 | -16.9% |
| Furniture and vehicles | 24 | €7,873 | €707 | -€7,166 | -91.0% |
| Current assets | 29/58 | €691,416 | €672,672 | -€18,745 | -2.7% |
| Amounts receivable within one year | 40/41 | - | €4,045 | +€4,045 | |
| Other amounts receivable | 41 | - | €4,045 | +€4,045 | |
| Current investments | 50/53 | €350,000 | €400,000 | +€50,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €340,338 | €264,649 | -€75,690 | -22.2% |
| Deferred charges and accrued income | 490/1 | €1,078 | €3,978 | +€2,900 | +269% |
| Total equity and liabilities | 10/49 | €857,588 | €825,285 | -€32,302 | -3.8% |
| Equity | 10/15 | €721,104 | €682,551 | -€38,552 | -5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €517,860 | €478,860 | -€39,000 | -7.5% |
| Distributable reserves | 133 | €517,860 | €478,860 | -€39,000 | -7.5% |
| Profit (loss) carried forward | 14 | €190,844 | €191,291 | +€448 | +0.2% |
| Amounts payable | 17/49 | €136,484 | €142,734 | +€6,250 | +4.6% |
| Amounts payable within one year | 42/48 | €136,484 | €142,734 | +€6,250 | +4.6% |
| Trade debts | 44 | €4,111 | €4,072 | -€40 | -1.0% |
| Suppliers | 440/4 | €4,111 | €4,072 | -€40 | -1.0% |
| Taxes, remuneration and social security | 45 | €17,352 | €17,499 | +€147 | +0.8% |
| Taxes | 450/3 | €15,032 | €15,032 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,319 | €2,466 | +€147 | +6.3% |
| Other amounts payable | 47/48 | €115,021 | €121,164 | +€6,142 | +5.3% |
| Remuneration, social security and pensions | 62 | €15,880 | €17,088 | +€1,208 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,316 | €13,558 | -€3,758 | -21.7% |
| Other operating charges | 640/8 | €2,188 | €1,080 | -€1,108 | -50.6% |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Gross operating margin | 9900 | €270,626 | €233,401 | -€37,225 | -13.8% |
| Operating profit (loss) | 9901 | €232,243 | €201,676 | -€30,567 | -13.2% |
| Financial income | 75/76B | €14,633 | €6,399 | -€8,234 | -56.3% |
| Recurring financial income | 75 | €14,633 | €6,399 | -€8,234 | -56.3% |
| Financial charges | 65/66B | €66,101 | €93,754 | +€27,653 | +41.8% |
| Recurring financial charges | 65 | €66,101 | €93,754 | +€27,653 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €180,776 | €114,321 | -€66,455 | -36.8% |
| Income taxes | 67/77 | €56,274 | €32,873 | -€23,401 | -41.6% |
| Profit (loss) for the period | 9904 | €124,501 | €81,448 | -€43,053 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,501 | €81,448 | -€43,053 | -34.6% |
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 27 October 2026 via checked.be.