THE BARN: 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.
THE BARN
Largest movements
- Financial fixed assets +€110,733
up €110,733 (+11.3%), from €978,082 to €1.1m
of which Affiliated companies: +€110,733
- Receivables within one year -€71,895
down €71,895 (-34.5%), from €208,376 to €136,481
of which Other amounts receivable: -€69,478
- Reserves +€54,709
up €54,709 (+4.7%), from €1.2m to €1.2m
- Other debts -€29,938
down €29,938 (-20.9%), from €143,565 to €113,627
- Financial income -€170,420
down €170,420 (-26.6%), from €641,385 to €470,964
- Other operating charges +€11,701
up €11,701 (+690%), from €1,696 to €13,398
- Financial charges -€10,017
down €10,017 (-97.2%), from €10,309 to €292
- Services and other goods +€290
up €290 (+1.8%), from €16,275 to €16,565
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 | €1,313,237 | €1,349,770 | +€36,533 | +2.8% |
| Fixed assets | 21/28 | €978,082 | €1,088,815 | +€110,733 | +11.3% |
| Financial fixed assets | 28 | €978,082 | €1,088,815 | +€110,733 | +11.3% |
| Affiliated companies | 280/1 | €978,082 | €1,088,815 | +€110,733 | +11.3% |
| Participating interests | 280 | €978,082 | €1,088,815 | +€110,733 | +11.3% |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €335,155 | €260,955 | -€74,200 | -22.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €208,376 | €136,481 | -€71,895 | -34.5% |
| Trade receivables | 40 | €2,975 | €558 | -€2,417 | -81.2% |
| Other amounts receivable | 41 | €205,401 | €135,923 | -€69,478 | -33.8% |
| Cash at bank and in hand | 54/58 | €126,580 | €124,416 | -€2,165 | -1.7% |
| Deferred charges and accrued income | 490/1 | €198 | €58 | -€141 | -70.8% |
| Total equity and liabilities | 10/49 | €1,313,237 | €1,349,770 | +€36,533 | +2.8% |
| Equity | 10/15 | €1,169,672 | €1,224,381 | +€54,709 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,163,472 | €1,218,181 | +€54,709 | +4.7% |
| Distributable reserves | 133 | €1,163,472 | €1,218,181 | +€54,709 | +4.7% |
| Amounts payable | 17/49 | €143,565 | €125,390 | -€18,175 | -12.7% |
| Amounts payable within one year | 42/48 | €143,565 | €125,280 | -€18,285 | -12.7% |
| Taxes, remuneration and social security | 45 | - | €11,652 | +€11,652 | |
| Taxes | 450/3 | - | €11,652 | +€11,652 | |
| Other amounts payable | 47/48 | €143,565 | €113,627 | -€29,938 | -20.9% |
| Accrued charges and deferred income | 492/3 | - | €110 | +€110 | |
| Operating income | 70/76A | €9,000 | €14,000 | +€5,000 | +55.6% |
| Turnover | 70 | €9,000 | €9,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €5,000 | +€5,000 | |
| Operating charges | 60/66A | €17,972 | €29,963 | +€11,991 | +66.7% |
| Services and other goods | 61 | €16,275 | €16,565 | +€290 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,696 | €13,398 | +€11,701 | +690% |
| Operating profit (loss) | 9901 | -€8,972 | -€15,963 | -€6,991 | -77.9% |
| Financial income | 75/76B | €641,385 | €470,964 | -€170,420 | -26.6% |
| Recurring financial income | 75 | €641,385 | €470,964 | -€170,420 | -26.6% |
| Income from financial fixed assets | 750 | €637,417 | €467,439 | -€169,978 | -26.7% |
| Income from current assets | 751 | €3,968 | €3,525 | -€443 | -11.2% |
| Financial charges | 65/66B | €10,309 | €292 | -€10,017 | -97.2% |
| Recurring financial charges | 65 | €10,309 | €292 | -€10,017 | -97.2% |
| Debt charges | 650 | €10,000 | €0 | -€10,000 | -100% |
| Other financial charges | 652/9 | €309 | €292 | -€17 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €622,104 | €454,709 | -€167,395 | -26.9% |
| Profit (loss) for the period | 9904 | €622,104 | €454,709 | -€167,395 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €622,104 | €454,709 | -€167,395 | -26.9% |
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 19 October 2026 via checked.be.