BART BINA: 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 BINA
Largest movements
- Receivables within one year +€20,278
up €20,278 (+15.4%), from €131,804 to €152,082
of which Trade receivables: +€49,915
- Cash -€10,193
down €10,193 (-41.0%), from €24,879 to €14,685
mainly Receivables within one year (-€20,278) and Investment in fixed assets (net) (-€11,445)
- Tangible fixed assets +€8,338
up €8,338 (+300.6%), from €2,773 to €11,111
of which Furniture and vehicles: +€10,383
- Stocks and contracts -€3,816
down €3,816 (-9.5%), from €40,223 to €36,407
of which Contracts in progress: -€18,323
- Trade debts +€17,390
up €17,390 (+30.8%), from €56,383 to €73,773
- Profit (loss) carried forward -€3,082
down €3,082 (-2.8%), from €111,298 to €108,216
- Gross operating margin -€54,867
down €54,867 (-96.4%), from €56,895 to €2,028
- Taxes -€14,763
down €14,763 (-100.0%), from €14,765 to €2
- Financial income +€951
up €951 (+6767.6%), from €14 to €965
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 | €202,164 | €216,321 | +€14,156 | +7.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,773 | €11,111 | +€8,338 | +300.6% |
| Tangible fixed assets | 22/27 | €2,773 | €11,111 | +€8,338 | +300.6% |
| Plant, machinery and equipment | 23 | €2,773 | €728 | -€2,045 | -73.7% |
| Furniture and vehicles | 24 | €0 | €10,383 | +€10,383 | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €199,391 | €205,210 | +€5,819 | +2.9% |
| Stocks and contracts in progress | 3 | €40,223 | €36,407 | -€3,816 | -9.5% |
| Stocks | 30/36 | €900 | €15,407 | +€14,507 | +1611.5% |
| Contracts in progress | 37 | €39,323 | €21,000 | -€18,323 | -46.6% |
| Amounts receivable within one year | 40/41 | €131,804 | €152,082 | +€20,278 | +15.4% |
| Trade receivables | 40 | €96,782 | €146,697 | +€49,915 | +51.6% |
| Other amounts receivable | 41 | €35,022 | €5,385 | -€29,637 | -84.6% |
| Cash at bank and in hand | 54/58 | €24,879 | €14,685 | -€10,193 | -41.0% |
| Deferred charges and accrued income | 490/1 | €2,486 | €2,035 | -€451 | -18.1% |
| Total equity and liabilities | 10/49 | €202,164 | €216,321 | +€14,156 | +7.0% |
| Equity | 10/15 | €119,658 | €116,576 | -€3,082 | -2.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,298 | €108,216 | -€3,082 | -2.8% |
| Amounts payable | 17/49 | €82,507 | €99,744 | +€17,238 | +20.9% |
| Amounts payable within one year | 42/48 | €82,507 | €99,744 | +€17,238 | +20.9% |
| Trade debts | 44 | €56,383 | €73,773 | +€17,390 | +30.8% |
| Suppliers | 440/4 | €56,383 | €73,773 | +€17,390 | +30.8% |
| Taxes, remuneration and social security | 45 | €24,687 | €24,165 | -€522 | -2.1% |
| Taxes | 450/3 | €16,287 | €14,765 | -€1,522 | -9.3% |
| Remuneration and social security | 454/9 | €8,400 | €9,400 | +€1,000 | +11.9% |
| Other amounts payable | 47/48 | €1,436 | €1,806 | +€370 | +25.8% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,831 | €3,108 | +€277 | +9.8% |
| Other operating charges | 640/8 | €2,182 | €1,945 | -€237 | -10.8% |
| Gross operating margin | 9900 | €56,895 | €2,028 | -€54,867 | -96.4% |
| Operating profit (loss) | 9901 | €51,883 | -€3,025 | -€54,908 | |
| Financial income | 75/76B | €14 | €965 | +€951 | +6767.6% |
| Recurring financial income | 75 | €14 | €965 | +€951 | +6767.6% |
| Financial charges | 65/66B | €1,430 | €1,019 | -€411 | -28.7% |
| Recurring financial charges | 65 | €1,430 | €1,019 | -€411 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €50,467 | -€3,079 | -€53,546 | |
| Income taxes | 67/77 | €14,765 | €2 | -€14,763 | -100.0% |
| Profit (loss) for the period | 9904 | €35,702 | -€3,082 | -€38,783 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,702 | -€3,082 | -€38,783 |
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.