bART: 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.
bART
Largest movements
- Receivables within one year +€27,795
up €27,795 (+16.5%), from €168,782 to €196,577
of which Other amounts receivable: +€109,050
- Cash -€5,015
down €5,015 (-37.1%), from €13,503 to €8,488
mainly Contributions, distributions and other (-€31,856) and Receivables within one year (-€27,795)
- Other debts +€30,623
up €30,623, from €0 to €30,623
- Reserves -€6,356
down €6,356 (-4.7%), from €136,118 to €129,762
- Gross operating margin +€33,280
up €33,280 (+657.2%), from €5,064 to €38,343
- Taxes +€11,368
up €11,368 (+3888.1%), from €292 to €11,661
- Other operating charges +€2,054
up €2,054 (+244.3%), from €841 to €2,894
- Financial income +€1,943
up €1,943 (+30.9%), from €6,293 to €8,236
- Depreciation +€417
up €417 (+49.8%), from €838 to €1,255
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 | €186,136 | €208,592 | +€22,456 | +12.1% |
| Fixed assets | 21/28 | €2,948 | €3,262 | +€315 | +10.7% |
| Tangible fixed assets | 22/27 | €2,948 | €3,262 | +€315 | +10.7% |
| Furniture and vehicles | 24 | €2,948 | €3,262 | +€315 | +10.7% |
| Current assets | 29/58 | €183,188 | €205,330 | +€22,141 | +12.1% |
| Amounts receivable within one year | 40/41 | €168,782 | €196,577 | +€27,795 | +16.5% |
| Trade receivables | 40 | €86,213 | €4,958 | -€81,255 | -94.2% |
| Other amounts receivable | 41 | €82,569 | €191,619 | +€109,050 | +132.1% |
| Cash at bank and in hand | 54/58 | €13,503 | €8,488 | -€5,015 | -37.1% |
| Deferred charges and accrued income | 490/1 | €903 | €264 | -€639 | -70.8% |
| Total equity and liabilities | 10/49 | €186,136 | €208,592 | +€22,456 | +12.1% |
| Equity | 10/15 | €148,518 | €142,396 | -€6,123 | -4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €136,118 | €129,762 | -€6,356 | -4.7% |
| Distributable reserves | 133 | €136,118 | €129,762 | -€6,356 | -4.7% |
| Profit (loss) carried forward | 14 | €0 | €234 | +€234 | |
| Amounts payable | 17/49 | €37,617 | €66,196 | +€28,579 | +76.0% |
| Amounts payable within one year | 42/48 | €37,617 | €66,196 | +€28,579 | +76.0% |
| Financial debts | 43 | €17 | €0 | -€17 | -100.0% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €17 | - | -€17 | |
| Trade debts | 44 | €12,334 | €10,289 | -€2,045 | -16.6% |
| Suppliers | 440/4 | €12,334 | €10,289 | -€2,045 | -16.6% |
| Taxes, remuneration and social security | 45 | €25,266 | €25,284 | +€18 | +0.1% |
| Taxes | 450/3 | €25,266 | €25,284 | +€18 | +0.1% |
| Other amounts payable | 47/48 | €0 | €30,623 | +€30,623 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €1,255 | +€417 | +49.8% |
| Other operating charges | 640/8 | €841 | €2,894 | +€2,054 | +244.3% |
| Non-recurring operating charges | 66A | €1,040 | €0 | -€1,040 | -100.0% |
| Gross operating margin | 9900 | €5,064 | €38,343 | +€33,280 | +657.2% |
| Operating profit (loss) | 9901 | €2,345 | €34,194 | +€31,849 | +1357.9% |
| Financial income | 75/76B | €6,293 | €8,236 | +€1,943 | +30.9% |
| Recurring financial income | 75 | €6,293 | €8,236 | +€1,943 | +30.9% |
| Financial charges | 65/66B | €5,422 | €5,036 | -€387 | -7.1% |
| Recurring financial charges | 65 | €5,422 | €5,036 | -€387 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €3,216 | €37,394 | +€34,178 | +1062.7% |
| Income taxes | 67/77 | €292 | €11,661 | +€11,368 | +3888.1% |
| Profit (loss) for the period | 9904 | €2,924 | €25,734 | +€22,810 | +780.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,924 | €25,734 | +€22,810 | +780.1% |
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 10 October 2026 via checked.be.