BART BOTTERMAN CONSTRUCT: 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 BOTTERMAN CONSTRUCT
Largest movements
- Tangible fixed assets -€12,725
down €12,725 (-33.5%), from €38,033 to €25,309
of which Leasing and similar rights: -€12,122
- Receivables within one year -€7,956
down €7,956 (-91.2%), from €8,727 to €771
of which Trade receivables: -€7,042
- Cash +€4,844
up €4,844 (+33660.9%), from €14 to €4,858
mainly Depreciation (+€14,060) and Receivables within one year (+€7,956)
- Stocks and contracts -€962
down €962 (-70.3%), from €1,368 to €406
of which Stocks: -€487
- Debts after one year -€9,957
down €9,957 (-39.5%), from €25,183 to €15,226
- Short-term financial debts -€3,007
down €3,007 (-88.5%), from €3,400 to €393
- Other debts -€2,623
down €2,623 (-92.0%), from €2,852 to €229
- Current portion of long-term debt -€2,311
down €2,311 (-19.2%), from €12,007 to €9,696
- Trade debts +€910
up €910 (+12.5%), from €7,260 to €8,170
- Gross operating margin +€7,694
up €7,694 (+69.1%), from €11,134 to €18,828
- Depreciation -€407
down €407 (-2.8%), from €14,467 to €14,060
- Financial charges -€264
down €264 (-9.6%), from €2,743 to €2,479
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 | €53,788 | €36,528 | -€17,260 | -32.1% |
| Fixed assets | 21/28 | €38,033 | €25,309 | -€12,725 | -33.5% |
| Tangible fixed assets | 22/27 | €38,033 | €25,309 | -€12,725 | -33.5% |
| Plant, machinery and equipment | 23 | €2,481 | €2,075 | -€406 | -16.4% |
| Furniture and vehicles | 24 | €742 | €545 | -€197 | -26.6% |
| Leasing and similar rights | 25 | €34,810 | €22,689 | -€12,122 | -34.8% |
| Current assets | 29/58 | €15,755 | €11,220 | -€4,535 | -28.8% |
| Stocks and contracts in progress | 3 | €1,368 | €406 | -€962 | -70.3% |
| Stocks | 30/36 | €893 | €406 | -€487 | -54.5% |
| Contracts in progress | 37 | €475 | €0 | -€475 | -100.0% |
| Amounts receivable within one year | 40/41 | €8,727 | €771 | -€7,956 | -91.2% |
| Trade receivables | 40 | €7,673 | €631 | -€7,042 | -91.8% |
| Other amounts receivable | 41 | €1,054 | €141 | -€914 | -86.7% |
| Cash at bank and in hand | 54/58 | €14 | €4,858 | +€4,844 | +33660.9% |
| Deferred charges and accrued income | 490/1 | €5,645 | €5,184 | -€461 | -8.2% |
| Total equity and liabilities | 10/49 | €53,788 | €36,528 | -€17,260 | -32.1% |
| Equity | 10/15 | €686 | €983 | +€297 | +43.3% |
| Contributions | 10/11 | €6,334 | €6,334 | = | 0.0% |
| Reserves | 13 | €10,318 | €10,318 | = | 0.0% |
| Tax-exempt reserves | 132 | €131 | €131 | = | 0.0% |
| Distributable reserves | 133 | €10,186 | €10,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,966 | -€15,669 | +€297 | +1.9% |
| Amounts payable | 17/49 | €53,102 | €35,545 | -€17,557 | -33.1% |
| Amounts payable after more than one year | 17 | €25,183 | €15,226 | -€9,957 | -39.5% |
| Financial debts | 170/4 | €25,183 | €15,226 | -€9,957 | -39.5% |
| Amounts payable within one year | 42/48 | €27,739 | €20,282 | -€7,457 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €12,007 | €9,696 | -€2,311 | -19.2% |
| Financial debts | 43 | €3,400 | €393 | -€3,007 | -88.5% |
| Credit institutions | 430/8 | €3,400 | €393 | -€3,007 | -88.5% |
| Trade debts | 44 | €7,260 | €8,170 | +€910 | +12.5% |
| Suppliers | 440/4 | €7,260 | €8,170 | +€910 | +12.5% |
| Taxes, remuneration and social security | 45 | €2,220 | €1,794 | -€426 | -19.2% |
| Taxes | 450/3 | €2,220 | €1,794 | -€426 | -19.2% |
| Other amounts payable | 47/48 | €2,852 | €229 | -€2,623 | -92.0% |
| Accrued charges and deferred income | 492/3 | €180 | €38 | -€143 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,467 | €14,060 | -€407 | -2.8% |
| Other operating charges | 640/8 | €1,722 | €1,758 | +€36 | +2.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,134 | €18,828 | +€7,694 | +69.1% |
| Operating profit (loss) | 9901 | -€5,055 | €3,010 | +€8,065 | |
| Financial income | 75/76B | €42 | €5 | -€36 | -86.9% |
| Recurring financial income | 75 | €42 | €5 | -€36 | -86.9% |
| Financial charges | 65/66B | €2,743 | €2,479 | -€264 | -9.6% |
| Recurring financial charges | 65 | €2,743 | €2,479 | -€264 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,756 | €536 | +€8,292 | |
| Income taxes | 67/77 | €257 | €239 | -€18 | -6.8% |
| Profit (loss) for the period | 9904 | -€8,013 | €297 | +€8,310 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,013 | €297 | +€8,310 |
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 30 September 2026 via checked.be.