BART BOTTU: 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 BOTTU
Largest movements
- Receivables within one year +€33,104
up €33,104 (+98.0%), from €33,773 to €66,877
of which Trade receivables: +€29,969
- Cash -€18,737
down €18,737 (-72.2%), from €25,940 to €7,203
mainly Receivables within one year (-€33,104) and Investment in fixed assets (net) (-€14,943)
- Tangible fixed assets +€3,272
up €3,272 (+22.3%), from €14,676 to €17,949
of which Land and buildings: +€14,503
- Deferred charges and accrued income +€1,534
up €1,534 (+295.3%), from €519 to €2,053
- Trade debts +€16,726
up €16,726 (+6459.6%), from €259 to €16,985
- Reserves +€9,000
up €9,000 (+483.9%), from €1,860 to €10,860
- Current portion of long-term debt -€5,110
down €5,110 (-83.2%), from €6,140 to €1,030
- Debts after one year -€1,030
down €1,030 (-38.5%), from €2,678 to €1,648
- Gross operating margin -€12,368
down €12,368 (-32.2%), from €38,447 to €26,079
- Taxes +€3,185
up €3,185 (+506.5%), from €629 to €3,814
- Depreciation -€607
down €607 (-4.9%), from €12,278 to €11,671
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 | €74,909 | €94,082 | +€19,173 | +25.6% |
| Fixed assets | 21/28 | €14,676 | €17,949 | +€3,272 | +22.3% |
| Tangible fixed assets | 22/27 | €14,676 | €17,949 | +€3,272 | +22.3% |
| Land and buildings | 22 | - | €14,503 | +€14,503 | |
| Plant, machinery and equipment | 23 | €5,064 | €2,069 | -€2,996 | -59.2% |
| Leasing and similar rights | 25 | €9,612 | €1,377 | -€8,235 | -85.7% |
| Current assets | 29/58 | €60,233 | €76,133 | +€15,901 | +26.4% |
| Amounts receivable within one year | 40/41 | €33,773 | €66,877 | +€33,104 | +98.0% |
| Trade receivables | 40 | €25,611 | €55,580 | +€29,969 | +117.0% |
| Other amounts receivable | 41 | €8,163 | €11,298 | +€3,135 | +38.4% |
| Cash at bank and in hand | 54/58 | €25,940 | €7,203 | -€18,737 | -72.2% |
| Deferred charges and accrued income | 490/1 | €519 | €2,053 | +€1,534 | +295.3% |
| Total equity and liabilities | 10/49 | €74,909 | €94,082 | +€19,173 | +25.6% |
| Equity | 10/15 | €65,203 | €74,419 | +€9,215 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €10,860 | +€9,000 | +483.9% |
| Distributable reserves | 133 | €1,860 | €10,860 | +€9,000 | +483.9% |
| Profit (loss) carried forward | 14 | €44,743 | €44,959 | +€215 | +0.5% |
| Amounts payable | 17/49 | €9,706 | €19,663 | +€9,958 | +102.6% |
| Amounts payable after more than one year | 17 | €2,678 | €1,648 | -€1,030 | -38.5% |
| Financial debts | 170/4 | €2,678 | €1,648 | -€1,030 | -38.5% |
| Amounts payable within one year | 42/48 | €7,028 | €18,016 | +€10,988 | +156.3% |
| Current portion of amounts payable after more than one year | 42 | €6,140 | €1,030 | -€5,110 | -83.2% |
| Trade debts | 44 | €259 | €16,985 | +€16,726 | +6459.6% |
| Suppliers | 440/4 | €259 | €16,985 | +€16,726 | +6459.6% |
| Taxes, remuneration and social security | 45 | €629 | - | -€629 | |
| Taxes | 450/3 | €629 | - | -€629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,278 | €11,671 | -€607 | -4.9% |
| Other operating charges | 640/8 | €1,002 | €1,032 | +€30 | +3.0% |
| Gross operating margin | 9900 | €38,447 | €26,079 | -€12,368 | -32.2% |
| Operating profit (loss) | 9901 | €25,167 | €13,376 | -€11,791 | -46.9% |
| Financial income | 75/76B | €0 | €5 | +€5 | +46700.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +46700.0% |
| Financial charges | 65/66B | €344 | €352 | +€8 | +2.4% |
| Recurring financial charges | 65 | €344 | €352 | +€8 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €24,823 | €13,029 | -€11,794 | -47.5% |
| Income taxes | 67/77 | €629 | €3,814 | +€3,185 | +506.5% |
| Profit (loss) for the period | 9904 | €24,195 | €9,215 | -€14,979 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,195 | €9,215 | -€14,979 | -61.9% |
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.