SE Barut: 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.
SE Barut
Largest movements
- Tangible fixed assets -€40,070
no longer reported in 2025 (was €40,070)
- Receivables within one year +€17,746
up €17,746 (+7.9%), from €225,020 to €242,766
of which Other amounts receivable: +€33,723
- Stocks and contracts -€3,123
no longer reported in 2025 (was €3,123)
- Profit (loss) carried forward +€123,945
up €123,945 (+1081.9%), from €11,456 to €135,401
- Reserves -€98,500
down €98,500 (-62.4%), from €157,860 to €59,360
- Trade debts -€29,085
down €29,085 (-63.3%), from €45,916 to €16,831
- Tax, wage and social debts -€25,228
down €25,228 (-64.6%), from €39,083 to €13,855
- Gross operating margin -€70,301
down €70,301 (-67.2%), from €104,539 to €34,238
- Staff costs -€54,640
down €54,640 (-99.8%), from €54,761 to €121
- Financial income -€30,756
no longer reported in 2025 (was €30,756)
of which Non-recurring financial income: -€20,248
- Taxes -€21,420
down €21,420, from €16,768 to -€4,652
- Depreciation -€9,227
no longer reported in 2025 (was €9,227)
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 | €272,915 | €244,047 | -€28,868 | -10.6% |
| Fixed assets | 21/28 | €42,770 | - | -€42,770 | |
| Tangible fixed assets | 22/27 | €40,070 | - | -€40,070 | |
| Plant, machinery and equipment | 23 | €40,070 | - | -€40,070 | |
| Financial fixed assets | 28 | €2,700 | - | -€2,700 | |
| Current assets | 29/58 | €230,145 | €244,047 | +€13,902 | +6.0% |
| Stocks and contracts in progress | 3 | €3,123 | - | -€3,123 | |
| Stocks | 30/36 | €3,123 | - | -€3,123 | |
| Amounts receivable within one year | 40/41 | €225,020 | €242,766 | +€17,746 | +7.9% |
| Trade receivables | 40 | €27,273 | €11,296 | -€15,977 | -58.6% |
| Other amounts receivable | 41 | €197,747 | €231,471 | +€33,723 | +17.1% |
| Cash at bank and in hand | 54/58 | €2,002 | €1,281 | -€721 | -36.0% |
| Total equity and liabilities | 10/49 | €272,915 | €244,047 | -€28,868 | -10.6% |
| Equity | 10/15 | €187,916 | €213,361 | +€25,445 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,860 | €59,360 | -€98,500 | -62.4% |
| Non-distributable reserves | 130/1 | €157,860 | €59,360 | -€98,500 | -62.4% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €156,000 | €57,500 | -€98,500 | -63.1% |
| Profit (loss) carried forward | 14 | €11,456 | €135,401 | +€123,945 | +1081.9% |
| Amounts payable | 17/49 | €84,999 | €30,686 | -€54,313 | -63.9% |
| Amounts payable within one year | 42/48 | €84,999 | €30,686 | -€54,313 | -63.9% |
| Trade debts | 44 | €45,916 | €16,831 | -€29,085 | -63.3% |
| Suppliers | 440/4 | €45,916 | €16,831 | -€29,085 | -63.3% |
| Taxes, remuneration and social security | 45 | €39,083 | €13,855 | -€25,228 | -64.6% |
| Taxes | 450/3 | €39,083 | €13,855 | -€25,228 | -64.6% |
| Remuneration, social security and pensions | 62 | €54,761 | €121 | -€54,640 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,227 | - | -€9,227 | |
| Other operating charges | 640/8 | €837 | €687 | -€149 | -17.9% |
| Gross operating margin | 9900 | €104,539 | €34,238 | -€70,301 | -67.2% |
| Operating profit (loss) | 9901 | €39,713 | €33,429 | -€6,284 | -15.8% |
| Financial income | 75/76B | €30,756 | - | -€30,756 | |
| Recurring financial income | 75 | €10,508 | - | -€10,508 | |
| Non-recurring financial income | 76B | €20,248 | - | -€20,248 | |
| Financial charges | 65/66B | €4,687 | €12,636 | +€7,949 | +169.6% |
| Recurring financial charges | 65 | €4,687 | €2,393 | -€2,294 | -49.0% |
| Non-recurring financial charges | 66B | - | €10,243 | +€10,243 | |
| Profit (loss) for the period before taxes | 9903 | €65,783 | €20,793 | -€44,989 | -68.4% |
| Income taxes | 67/77 | €16,768 | -€4,652 | -€21,420 | |
| Profit (loss) for the period | 9904 | €49,015 | €25,445 | -€23,570 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,015 | €25,445 | -€23,570 | -48.1% |
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 11 October 2026 via checked.be.