BARART: 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.
BARART
Largest movements
- Cash -€17,037
down €17,037 (-42.0%), from €40,588 to €23,552
mainly Investment in fixed assets (net) (-€15,361) and Net result for the year (-€13,841)
- Receivables after one year -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Current investments +€6,278
up €6,278 (+15.5%), from €40,435 to €46,714
- Deferred charges and accrued income -€5,258
down €5,258 (-42.7%), from €12,326 to €7,068
- Receivables within one year +€5,163
up €5,163 (+71.4%), from €7,233 to €12,397
of which Other amounts receivable: +€7,029
- Profit (loss) carried forward -€13,841
down €13,841 (-97.1%), from €14,254 to €413
- Trade debts +€10,864
up €10,864 (+78.4%), from €13,864 to €24,728
- Debts after one year -€8,991
down €8,991 (-18.0%), from €50,000 to €41,009
- Tax, wage and social debts -€7,602
down €7,602 (-54.2%), from €14,035 to €6,433
of which Remuneration and social security: -€4,109
- Current portion of long-term debt +€4,554
new in 2025: €4,554
- Gross operating margin -€27,344
down €27,344 (-20.9%), from €130,738 to €103,394
- Staff costs -€13,288
down €13,288 (-12.1%), from €109,379 to €96,092
- Depreciation +€2,834
up €2,834 (+30.1%), from €9,402 to €12,236
- Financial charges +€1,725
up €1,725 (+39.5%), from €4,372 to €6,097
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 | €241,910 | €226,507 | -€15,403 | -6.4% |
| Fixed assets | 21/28 | €61,752 | €64,877 | +€3,125 | +5.1% |
| Tangible fixed assets | 22/27 | €61,752 | €64,877 | +€3,125 | +5.1% |
| Plant, machinery and equipment | 23 | €49,649 | €42,051 | -€7,598 | -15.3% |
| Furniture and vehicles | 24 | €1,262 | €450 | -€812 | -64.4% |
| Other tangible fixed assets | 26 | €10,841 | €22,377 | +€11,536 | +106.4% |
| Current assets | 29/58 | €180,158 | €161,630 | -€18,528 | -10.3% |
| Amounts receivable after more than one year | 29 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Other amounts receivable | 291 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Stocks and contracts in progress | 3 | €19,575 | €21,899 | +€2,324 | +11.9% |
| Stocks | 30/36 | €19,575 | €21,899 | +€2,324 | +11.9% |
| Amounts receivable within one year | 40/41 | €7,233 | €12,397 | +€5,163 | +71.4% |
| Trade receivables | 40 | €1,866 | €0 | -€1,866 | -100.0% |
| Other amounts receivable | 41 | €5,367 | €12,397 | +€7,029 | +131.0% |
| Current investments | 50/53 | €40,435 | €46,714 | +€6,278 | +15.5% |
| Cash at bank and in hand | 54/58 | €40,588 | €23,552 | -€17,037 | -42.0% |
| Deferred charges and accrued income | 490/1 | €12,326 | €7,068 | -€5,258 | -42.7% |
| Total equity and liabilities | 10/49 | €241,910 | €226,507 | -€15,403 | -6.4% |
| Equity | 10/15 | €163,264 | €149,423 | -€13,841 | -8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,410 | €130,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €128,550 | €128,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,254 | €413 | -€13,841 | -97.1% |
| Amounts payable | 17/49 | €78,645 | €77,084 | -€1,562 | -2.0% |
| Amounts payable after more than one year | 17 | €50,000 | €41,009 | -€8,991 | -18.0% |
| Financial debts | 170/4 | €50,000 | €41,009 | -€8,991 | -18.0% |
| Amounts payable within one year | 42/48 | €28,645 | €36,075 | +€7,430 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,554 | +€4,554 | |
| Financial debts | 43 | €1 | €1 | = | 0.0% |
| Credit institutions | 430/8 | €1 | €1 | = | 0.0% |
| Trade debts | 44 | €13,864 | €24,728 | +€10,864 | +78.4% |
| Suppliers | 440/4 | €13,864 | €24,728 | +€10,864 | +78.4% |
| Taxes, remuneration and social security | 45 | €14,035 | €6,433 | -€7,602 | -54.2% |
| Taxes | 450/3 | €3,993 | €501 | -€3,493 | -87.5% |
| Remuneration and social security | 454/9 | €10,042 | €5,933 | -€4,109 | -40.9% |
| Other amounts payable | 47/48 | €745 | €359 | -€386 | -51.8% |
| Remuneration, social security and pensions | 62 | €109,379 | €96,092 | -€13,288 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,402 | €12,236 | +€2,834 | +30.1% |
| Other operating charges | 640/8 | €2,511 | €2,633 | +€122 | +4.9% |
| Gross operating margin | 9900 | €130,738 | €103,394 | -€27,344 | -20.9% |
| Operating profit (loss) | 9901 | €9,446 | -€7,567 | -€17,013 | |
| Financial income | 75/76B | €2,654 | €2,920 | +€266 | +10.0% |
| Recurring financial income | 75 | €2,654 | €2,920 | +€266 | +10.0% |
| Financial charges | 65/66B | €4,372 | €6,097 | +€1,725 | +39.5% |
| Recurring financial charges | 65 | €4,372 | €6,097 | +€1,725 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €7,728 | -€10,744 | -€18,472 | |
| Income taxes | 67/77 | €2,599 | €3,097 | +€498 | +19.2% |
| Profit (loss) for the period | 9904 | €5,129 | -€13,841 | -€18,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,129 | -€13,841 | -€18,970 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.