BART: what changed
Two fiscal 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.
BART
Largest movements
- Receivables within one year +€5,808
up €5,808, from €0 to €5,808
- Cash +€5,332
up €5,332 (+100.0%), from €5,334 to €10,666
mainly Net result for the year (+€11,791) and Depreciation (+€214)
- Profit (loss) carried forward +€11,791
up €11,791 (+5.5%), from -€214,613 to -€202,822
- Accrued charges and deferred income -€739
down €739 (-100.0%), from €739 to €0
- Gross operating margin +€4,533
up €4,533 (+39.1%), from €11,585 to €16,118
- Financial charges -€342
down €342 (-47.6%), from €717 to €376
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 | €18,157 | €29,083 | +€10,926 | +60.2% |
| Fixed assets | 21/28 | €12,823 | €12,609 | -€214 | -1.7% |
| Tangible fixed assets | 22/27 | €12,823 | €12,609 | -€214 | -1.7% |
| Land and buildings | 22 | €12,823 | €12,609 | -€214 | -1.7% |
| Current assets | 29/58 | €5,334 | €16,474 | +€11,140 | +208.9% |
| Amounts receivable within one year | 40/41 | €0 | €5,808 | +€5,808 | |
| Trade receivables | 40 | €0 | €5,808 | +€5,808 | |
| Cash at bank and in hand | 54/58 | €5,334 | €10,666 | +€5,332 | +100.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €18,157 | €29,083 | +€10,926 | +60.2% |
| Equity | 10/15 | -€141,049 | -€129,258 | +€11,791 | +8.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €10,564 | €10,564 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,564 | €10,564 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,564 | €10,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,613 | -€202,822 | +€11,791 | +5.5% |
| Amounts payable | 17/49 | €159,206 | €158,341 | -€865 | -0.5% |
| Amounts payable within one year | 42/48 | €158,467 | €158,341 | -€126 | -0.1% |
| Trade debts | 44 | €126 | €0 | -€126 | -100.0% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100.0% |
| Other amounts payable | 47/48 | €158,341 | €158,341 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €739 | €0 | -€739 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €214 | = | 0.0% |
| Other operating charges | 640/8 | €3,626 | €3,737 | +€112 | +3.1% |
| Gross operating margin | 9900 | €11,585 | €16,118 | +€4,533 | +39.1% |
| Operating profit (loss) | 9901 | €7,746 | €12,167 | +€4,421 | +57.1% |
| Financial charges | 65/66B | €717 | €376 | -€342 | -47.6% |
| Recurring financial charges | 65 | €717 | €376 | -€342 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €7,028 | €11,791 | +€4,763 | +67.8% |
| Profit (loss) for the period | 9904 | €7,028 | €11,791 | +€4,763 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,028 | €11,791 | +€4,763 | +67.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.