BART BOUW: 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 BOUW
Largest movements
- Cash +€16,931
up €16,931 (+121%), from €13,949 to €30,879
mainly Deferred charges and accrued income (+€15,677) and Net result for the year (+€14,675)
- Deferred charges and accrued income -€15,677
down €15,677 (-88.8%), from €17,648 to €1,972
- Receivables within one year +€12,307
up €12,307 (+76.1%), from €16,167 to €28,474
of which Trade receivables: +€8,296
- Tangible fixed assets -€10,443
down €10,443 (-23.5%), from €44,486 to €34,042
of which Furniture and vehicles: -€11,491
- Reserves +€14,675
up €14,675 (+26.6%), from €55,224 to €69,899
- Other debts -€8,453
down €8,453 (-64.6%), from €13,093 to €4,640
- Current portion of long-term debt -€8,000
no longer reported in 2025 (was €8,000)
- Tax, wage and social debts +€5,636
up €5,636 (+279%), from €2,022 to €7,659
- Other operating charges -€619
down €619 (-54.8%), from €1,131 to €511
- Taxes +€571
up €571 (+9.8%), from €5,808 to €6,379
- Financial income -€383
down €383 (-84.5%), from €454 to €71
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.
Derived cash bridge
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 | €92,250 | €95,368 | +€3,118 | +3.4% |
| Fixed assets | 21/28 | €44,486 | €34,042 | -€10,443 | -23.5% |
| Tangible fixed assets | 22/27 | €44,486 | €34,042 | -€10,443 | -23.5% |
| Plant, machinery and equipment | 23 | - | €1,048 | +€1,048 | |
| Furniture and vehicles | 24 | €44,486 | €32,994 | -€11,491 | -25.8% |
| Current assets | 29/58 | €47,764 | €61,326 | +€13,561 | +28.4% |
| Amounts receivable within one year | 40/41 | €16,167 | €28,474 | +€12,307 | +76.1% |
| Trade receivables | 40 | €10,678 | €18,975 | +€8,296 | +77.7% |
| Other amounts receivable | 41 | €5,489 | €9,499 | +€4,011 | +73.1% |
| Cash at bank and in hand | 54/58 | €13,949 | €30,879 | +€16,931 | +121% |
| Deferred charges and accrued income | 490/1 | €17,648 | €1,972 | -€15,677 | -88.8% |
| Total equity and liabilities | 10/49 | €92,250 | €95,368 | +€3,118 | +3.4% |
| Equity | 10/15 | €67,624 | €82,299 | +€14,675 | +21.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,224 | €69,899 | +€14,675 | +26.6% |
| Distributable reserves | 133 | €55,224 | €69,899 | +€14,675 | +26.6% |
| Amounts payable | 17/49 | €24,626 | €13,069 | -€11,557 | -46.9% |
| Amounts payable within one year | 42/48 | €24,626 | €13,069 | -€11,557 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | - | -€8,000 | |
| Trade debts | 44 | €1,511 | €770 | -€740 | -49.0% |
| Suppliers | 440/4 | €1,511 | €770 | -€740 | -49.0% |
| Taxes, remuneration and social security | 45 | €2,022 | €7,659 | +€5,636 | +279% |
| Taxes | 450/3 | €2,022 | €7,659 | +€5,636 | +279% |
| Other amounts payable | 47/48 | €13,093 | €4,640 | -€8,453 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,491 | €11,606 | +€115 | +1.0% |
| Other operating charges | 640/8 | €1,131 | €511 | -€619 | -54.8% |
| Gross operating margin | 9900 | €33,301 | €33,324 | +€22 | +0.1% |
| Operating profit (loss) | 9901 | €20,679 | €21,206 | +€527 | +2.5% |
| Financial income | 75/76B | €454 | €71 | -€383 | -84.5% |
| Recurring financial income | 75 | €454 | €71 | -€383 | -84.5% |
| Financial charges | 65/66B | €306 | €223 | -€83 | -27.2% |
| Recurring financial charges | 65 | €306 | €223 | -€83 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €20,827 | €21,054 | +€227 | +1.1% |
| Income taxes | 67/77 | €5,808 | €6,379 | +€571 | +9.8% |
| Profit (loss) for the period | 9904 | €15,019 | €14,675 | -€344 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,019 | €14,675 | -€344 | -2.3% |
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 15 October 2026 via checked.be.