Bart Caelen IT: 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 Caelen IT
Largest movements
- Tangible fixed assets -€21,603
down €21,603 (-54.5%), from €39,623 to €18,020
of which Furniture and vehicles: -€19,287
- Cash +€15,382
up €15,382 (+64.6%), from €23,793 to €39,175
mainly Depreciation (+€22,759) and Net result for the year (+€9,882)
- Current investments +€4,684
up €4,684 (+16.5%), from €28,310 to €32,995
- Receivables within one year +€1,833
up €1,833 (+10.4%), from €17,576 to €19,409
of which Trade receivables: +€2,663
- Current portion of long-term debt -€11,828
down €11,828 (-73.1%), from €16,172 to €4,344
- Profit (loss) carried forward +€9,882
up €9,882 (+72.7%), from -€13,590 to -€3,708
- Tax, wage and social debts +€4,152
up €4,152 (+152%), from €2,735 to €6,887
- Debts after one year -€2,811
down €2,811 (-70.0%), from €4,015 to €1,204
- Gross operating margin +€25,264
up €25,264 (+177%), from €14,233 to €39,498
- Taxes +€4,649
new in 2025: €4,649
- Depreciation -€3,481
down €3,481 (-13.3%), from €26,240 to €22,759
- Other operating charges +€1,127
up €1,127 (+143%), from €790 to €1,917
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 | €110,318 | €111,209 | +€891 | +0.8% |
| Fixed assets | 21/28 | €39,623 | €18,020 | -€21,603 | -54.5% |
| Tangible fixed assets | 22/27 | €39,623 | €18,020 | -€21,603 | -54.5% |
| Land and buildings | 22 | €7,863 | €6,336 | -€1,527 | -19.4% |
| Plant, machinery and equipment | 23 | €956 | €167 | -€789 | -82.6% |
| Furniture and vehicles | 24 | €30,804 | €11,517 | -€19,287 | -62.6% |
| Current assets | 29/58 | €70,695 | €93,189 | +€22,494 | +31.8% |
| Amounts receivable within one year | 40/41 | €17,576 | €19,409 | +€1,833 | +10.4% |
| Trade receivables | 40 | €12,015 | €14,678 | +€2,663 | +22.2% |
| Other amounts receivable | 41 | €5,561 | €4,731 | -€830 | -14.9% |
| Current investments | 50/53 | €28,310 | €32,995 | +€4,684 | +16.5% |
| Cash at bank and in hand | 54/58 | €23,793 | €39,175 | +€15,382 | +64.6% |
| Deferred charges and accrued income | 490/1 | €1,016 | €1,611 | +€596 | +58.6% |
| Total equity and liabilities | 10/49 | €110,318 | €111,209 | +€891 | +0.8% |
| Equity | 10/15 | €83,776 | €93,658 | +€9,882 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,766 | €78,766 | = | 0.0% |
| Distributable reserves | 133 | €78,766 | €78,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,590 | -€3,708 | +€9,882 | +72.7% |
| Amounts payable | 17/49 | €26,542 | €17,551 | -€8,990 | -33.9% |
| Amounts payable after more than one year | 17 | €4,015 | €1,204 | -€2,811 | -70.0% |
| Financial debts | 170/4 | €4,015 | €1,204 | -€2,811 | -70.0% |
| Amounts payable within one year | 42/48 | €22,521 | €16,347 | -€6,175 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €16,172 | €4,344 | -€11,828 | -73.1% |
| Trade debts | 44 | €3,109 | €4,022 | +€913 | +29.4% |
| Suppliers | 440/4 | €3,109 | €4,022 | +€913 | +29.4% |
| Taxes, remuneration and social security | 45 | €2,735 | €6,887 | +€4,152 | +152% |
| Taxes | 450/3 | €2,735 | €6,887 | +€4,152 | +152% |
| Other amounts payable | 47/48 | €505 | €1,093 | +€588 | +116% |
| Accrued charges and deferred income | 492/3 | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,240 | €22,759 | -€3,481 | -13.3% |
| Other operating charges | 640/8 | €790 | €1,917 | +€1,127 | +143% |
| Gross operating margin | 9900 | €14,233 | €39,498 | +€25,264 | +177% |
| Operating profit (loss) | 9901 | -€12,796 | €14,822 | +€27,618 | |
| Financial income | 75/76B | €132 | €359 | +€227 | +171% |
| Recurring financial income | 75 | €132 | €359 | +€227 | +171% |
| Financial charges | 65/66B | €926 | €650 | -€276 | -29.8% |
| Recurring financial charges | 65 | €926 | €650 | -€276 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,590 | €14,531 | +€28,121 | |
| Income taxes | 67/77 | - | €4,649 | +€4,649 | |
| Profit (loss) for the period | 9904 | -€13,590 | €9,882 | +€23,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,590 | €9,882 | +€23,472 |
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 14 October 2026 via checked.be.