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
- Tangible fixed assets -€17,203
down €17,203 (-43.6%), from €39,441 to €22,238
of which Furniture and vehicles: -€9,838
- Receivables within one year +€5,848
up €5,848 (+8.7%), from €66,875 to €72,723
of which Trade receivables: +€5,608
- Deferred charges and accrued income +€1,389
up €1,389 (+67.1%), from €2,070 to €3,459
- Profit (loss) carried forward -€107,616
down €107,616 (-259.7%), from -€41,438 to -€149,055
- Trade debts +€60,601
up €60,601 (+207.3%), from €29,227 to €89,827
- Short-term financial debts +€20,939
up €20,939 (+707.7%), from €2,959 to €23,898
- Other debts +€16,126
up €16,126 (+43.3%), from €37,262 to €53,389
- Gross operating margin -€67,241
down €67,241 (-550.5%), from -€12,215 to -€79,456
- Financial income -€40,500
no longer reported in 2025 (was €40,500)
of which Financial income: -€40,500
- Financial charges -€3,497
down €3,497 (-73.7%), from €4,743 to €1,246
- Depreciation -€2,920
down €2,920 (-14.5%), from €20,123 to €17,203
- Staff costs -€1,635
down €1,635 (-88.3%), from €1,851 to €216
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,945 | €98,979 | -€9,966 | -9.1% |
| Fixed assets | 21/28 | €40,000 | €22,797 | -€17,203 | -43.0% |
| Tangible fixed assets | 22/27 | €39,441 | €22,238 | -€17,203 | -43.6% |
| Land and buildings | 22 | €2,228 | €1,892 | -€336 | -15.1% |
| Plant, machinery and equipment | 23 | €14,836 | €7,808 | -€7,028 | -47.4% |
| Furniture and vehicles | 24 | €22,376 | €12,538 | -€9,838 | -44.0% |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €68,945 | €76,182 | +€7,237 | +10.5% |
| Amounts receivable within one year | 40/41 | €66,875 | €72,723 | +€5,848 | +8.7% |
| Trade receivables | 40 | €65,095 | €70,704 | +€5,608 | +8.6% |
| Other amounts receivable | 41 | €1,780 | €2,019 | +€239 | +13.4% |
| Deferred charges and accrued income | 490/1 | €2,070 | €3,459 | +€1,389 | +67.1% |
| Total equity and liabilities | 10/49 | €108,945 | €98,979 | -€9,966 | -9.1% |
| Equity | 10/15 | €39,482 | -€68,135 | -€107,616 | |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €43,720 | €43,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | - | -€3,720 | |
| Reserves not available under the articles | 1311 | €3,720 | - | -€3,720 | |
| Distributable reserves | 133 | €40,000 | €43,720 | +€3,720 | +9.3% |
| Profit (loss) carried forward | 14 | -€41,438 | -€149,055 | -€107,616 | -259.7% |
| Amounts payable | 17/49 | €69,463 | €167,114 | +€97,651 | +140.6% |
| Amounts payable within one year | 42/48 | €69,463 | €167,114 | +€97,651 | +140.6% |
| Financial debts | 43 | €2,959 | €23,898 | +€20,939 | +707.7% |
| Credit institutions | 430/8 | €2,959 | €23,898 | +€20,939 | +707.7% |
| Trade debts | 44 | €29,227 | €89,827 | +€60,601 | +207.3% |
| Suppliers | 440/4 | €29,227 | €89,827 | +€60,601 | +207.3% |
| Taxes, remuneration and social security | 45 | €16 | - | -€16 | |
| Taxes | 450/3 | €16 | - | -€16 | |
| Other amounts payable | 47/48 | €37,262 | €53,389 | +€16,126 | +43.3% |
| Non-recurring operating income | 76A | €758 | - | -€758 | |
| Remuneration, social security and pensions | 62 | €1,851 | €216 | -€1,635 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,123 | €17,203 | -€2,920 | -14.5% |
| Other operating charges | 640/8 | €7,968 | €9,495 | +€1,528 | +19.2% |
| Gross operating margin | 9900 | -€12,215 | -€79,456 | -€67,241 | -550.5% |
| Operating profit (loss) | 9901 | -€42,157 | -€106,370 | -€64,213 | -152.3% |
| Financial income | 75/76B | €40,500 | - | -€40,500 | |
| Recurring financial income | 75 | €40,500 | - | -€40,500 | |
| Non-recurring financial income | 76B | €40,500 | - | -€40,500 | |
| Financial charges | 65/66B | €4,743 | €1,246 | -€3,497 | -73.7% |
| Recurring financial charges | 65 | €4,743 | €1,246 | -€3,497 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,400 | -€107,616 | -€101,216 | -1581.4% |
| Profit (loss) for the period | 9904 | -€6,400 | -€107,616 | -€101,216 | -1581.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,400 | -€107,616 | -€101,216 | -1581.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.