VAN BAARLE EXPERTS: 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.
VAN BAARLE EXPERTS
Largest movements
- Receivables within one year -€30,224
down €30,224 (-37.9%), from €79,668 to €49,444
of which Trade receivables: -€40,951
- Tangible fixed assets -€16,185
down €16,185 (-33.2%), from €48,694 to €32,509
of which Furniture and vehicles: -€15,813
- Stocks and contracts +€15,964
up €15,964 (+10.0%), from €158,916 to €174,880
- Reserves +€47,926
up €47,926 (+50.0%), from €95,871 to €143,797
- Short-term financial debts -€30,829
down €30,829 (-57.3%), from €53,783 to €22,954
- Tax, wage and social debts -€13,662
down €13,662 (-29.1%), from €46,872 to €33,209
of which Remuneration and social security: -€7,334
- Contributions -€11,364
down €11,364 (-100%), from €11,364 to €0
- Debts after one year -€11,239
down €11,239 (-40.2%), from €27,943 to €16,703
- Gross operating margin +€22,678
up €22,678 (+8.5%), from €267,201 to €289,879
- Depreciation -€12,855
down €12,855 (-44.1%), from €29,174 to €16,319
- Taxes +€10,569
up €10,569 (+38.5%), from €27,421 to €37,990
- Staff costs +€10,022
up €10,022 (+6.5%), from €154,005 to €164,026
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 | €291,062 | €262,216 | -€28,846 | -9.9% |
| Fixed assets | 21/28 | €48,932 | €32,613 | -€16,319 | -33.4% |
| Intangible fixed assets | 21 | €177 | €43 | -€134 | -75.9% |
| Tangible fixed assets | 22/27 | €48,694 | €32,509 | -€16,185 | -33.2% |
| Plant, machinery and equipment | 23 | €1,243 | €871 | -€373 | -30.0% |
| Furniture and vehicles | 24 | €47,451 | €31,638 | -€15,813 | -33.3% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €242,130 | €229,603 | -€12,527 | -5.2% |
| Stocks and contracts in progress | 3 | €158,916 | €174,880 | +€15,964 | +10.0% |
| Contracts in progress | 37 | €158,916 | €174,880 | +€15,964 | +10.0% |
| Amounts receivable within one year | 40/41 | €79,668 | €49,444 | -€30,224 | -37.9% |
| Trade receivables | 40 | €72,025 | €31,074 | -€40,951 | -56.9% |
| Other amounts receivable | 41 | €7,643 | €18,370 | +€10,727 | +140% |
| Cash at bank and in hand | 54/58 | €403 | €2,221 | +€1,818 | +451% |
| Deferred charges and accrued income | 490/1 | €3,143 | €3,058 | -€84 | -2.7% |
| Total equity and liabilities | 10/49 | €291,062 | €262,216 | -€28,846 | -9.9% |
| Equity | 10/15 | €107,235 | €143,797 | +€36,562 | +34.1% |
| Contributions | 10/11 | €11,364 | €0 | -€11,364 | -100% |
| Reserves | 13 | €95,871 | €143,797 | +€47,926 | +50.0% |
| Distributable reserves | 133 | €95,871 | €143,797 | +€47,926 | +50.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,827 | €118,419 | -€65,408 | -35.6% |
| Amounts payable after more than one year | 17 | €27,943 | €16,703 | -€11,239 | -40.2% |
| Financial debts | 170/4 | €27,943 | €16,703 | -€11,239 | -40.2% |
| Amounts payable within one year | 42/48 | €148,346 | €100,624 | -€47,722 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €11,778 | €11,239 | -€539 | -4.6% |
| Financial debts | 43 | €53,783 | €22,954 | -€30,829 | -57.3% |
| Credit institutions | 430/8 | €53,783 | €22,954 | -€30,829 | -57.3% |
| Trade debts | 44 | €29,475 | €22,644 | -€6,831 | -23.2% |
| Suppliers | 440/4 | €29,475 | €22,644 | -€6,831 | -23.2% |
| Taxes, remuneration and social security | 45 | €46,872 | €33,209 | -€13,662 | -29.1% |
| Taxes | 450/3 | €23,273 | €16,945 | -€6,328 | -27.2% |
| Remuneration and social security | 454/9 | €23,598 | €16,264 | -€7,334 | -31.1% |
| Other amounts payable | 47/48 | €6,438 | €10,577 | +€4,139 | +64.3% |
| Accrued charges and deferred income | 492/3 | €7,539 | €1,092 | -€6,447 | -85.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €154,005 | €164,026 | +€10,022 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,174 | €16,319 | -€12,855 | -44.1% |
| Other operating charges | 640/8 | €3,390 | €2,550 | -€841 | -24.8% |
| Gross operating margin | 9900 | €267,201 | €289,879 | +€22,678 | +8.5% |
| Operating profit (loss) | 9901 | €80,633 | €106,984 | +€26,351 | +32.7% |
| Financial income | 75/76B | €1 | €105 | +€104 | +7,506% |
| Recurring financial income | 75 | €1 | €105 | +€104 | +7,506% |
| Financial charges | 65/66B | €7,531 | €8,402 | +€871 | +11.6% |
| Recurring financial charges | 65 | €7,531 | €8,402 | +€871 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €73,103 | €98,686 | +€25,584 | +35.0% |
| Income taxes | 67/77 | €27,421 | €37,990 | +€10,569 | +38.5% |
| Profit (loss) for the period | 9904 | €45,682 | €60,696 | +€15,014 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,682 | €60,696 | +€15,014 | +32.9% |
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 15 October 2026 via checked.be.