BART CARS: what changed
BART CARS
Largest movements
- Cash +€134,152
up €134,152 (+623%), from €21,540 to €155,692
mainly Net result for the year (+€126,130) and Depreciation (+€118,312)
- Tangible fixed assets -€86,608
down €86,608 (-20.7%), from €419,285 to €332,677
of which Furniture and vehicles: -€92,174
- Stocks and contracts +€82,407
up €82,407 (+72.9%), from €113,094 to €195,501
- Receivables within one year +€7,864
up €7,864 (+17.3%), from €45,581 to €53,445
of which Other amounts receivable: +€15,339
- Reserves +€126,130
up €126,130 (+95.7%), from €131,808 to €257,938
- Trade debts +€71,497
up €71,497 (+203%), from €35,259 to €106,756
- Other debts -€64,940
down €64,940 (-100.0%), from €64,941 to €1
- Tax, wage and social debts +€48,541
up €48,541, from €0 to €48,541
of which Taxes: +€45,402
- Advances received -€21,954
down €21,954 (-100%), from €21,954 to €0
- Gross operating margin +€220,104
up €220,104 (+114%), from €192,531 to €412,635
- Staff costs +€56,786
up €56,786 (+414%), from €13,702 to €70,488
- Taxes +€38,953
up €38,953 (+211%), from €18,488 to €57,441
- Depreciation +€23,523
up €23,523 (+24.8%), from €94,789 to €118,312
- Other operating charges +€7,644
up €7,644 (+61.7%), from €12,393 to €20,037
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,500 | €739,290 | +€139,790 | +23.3% |
| Fixed assets | 21/28 | €419,285 | €332,677 | -€86,608 | -20.7% |
| Tangible fixed assets | 22/27 | €419,285 | €332,677 | -€86,608 | -20.7% |
| Land and buildings | 22 | €58,817 | €54,016 | -€4,800 | -8.2% |
| Plant, machinery and equipment | 23 | €23,184 | €47,338 | +€24,154 | +104% |
| Furniture and vehicles | 24 | €281,794 | €189,620 | -€92,174 | -32.7% |
| Leasing and similar rights | 25 | €55,490 | €41,702 | -€13,788 | -24.8% |
| Current assets | 29/58 | €180,215 | €406,613 | +€226,398 | +126% |
| Stocks and contracts in progress | 3 | €113,094 | €195,501 | +€82,407 | +72.9% |
| Stocks | 30/36 | €113,094 | €195,501 | +€82,407 | +72.9% |
| Amounts receivable within one year | 40/41 | €45,581 | €53,445 | +€7,864 | +17.3% |
| Trade receivables | 40 | €31,724 | €24,249 | -€7,475 | -23.6% |
| Other amounts receivable | 41 | €13,857 | €29,197 | +€15,339 | +111% |
| Cash at bank and in hand | 54/58 | €21,540 | €155,692 | +€134,152 | +623% |
| Deferred charges and accrued income | 490/1 | €0 | €1,975 | +€1,975 | |
| Total equity and liabilities | 10/49 | €599,500 | €739,290 | +€139,790 | +23.3% |
| Equity | 10/15 | €150,408 | €276,538 | +€126,130 | +83.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,808 | €257,938 | +€126,130 | +95.7% |
| Distributable reserves | 133 | €131,808 | €257,938 | +€126,130 | +95.7% |
| Amounts payable | 17/49 | €449,092 | €462,752 | +€13,661 | +3.0% |
| Amounts payable after more than one year | 17 | €182,430 | €191,585 | +€9,156 | +5.0% |
| Financial debts | 170/4 | €166,429 | €175,585 | +€9,156 | +5.5% |
| Other amounts payable | 178/9 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €266,662 | €271,167 | +€4,505 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €127,234 | €115,869 | -€11,365 | -8.9% |
| Financial debts | 43 | €17,274 | €0 | -€17,274 | -100% |
| Other loans | 439 | €17,274 | €0 | -€17,274 | -100% |
| Trade debts | 44 | €35,259 | €106,756 | +€71,497 | +203% |
| Suppliers | 440/4 | €35,259 | €106,756 | +€71,497 | +203% |
| Advances received on contracts in progress | 46 | €21,954 | €0 | -€21,954 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €48,541 | +€48,541 | |
| Taxes | 450/3 | €0 | €45,402 | +€45,402 | |
| Remuneration and social security | 454/9 | - | €3,139 | +€3,139 | |
| Other amounts payable | 47/48 | €64,941 | €1 | -€64,940 | -100.0% |
| Non-recurring operating income | 76A | €0 | €8,454 | +€8,454 | |
| Remuneration, social security and pensions | 62 | €13,702 | €70,488 | +€56,786 | +414% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,789 | €118,312 | +€23,523 | +24.8% |
| Other operating charges | 640/8 | €12,393 | €20,037 | +€7,644 | +61.7% |
| Non-recurring operating charges | 66A | €1,095 | €5,864 | +€4,769 | +435% |
| Gross operating margin | 9900 | €192,531 | €412,635 | +€220,104 | +114% |
| Operating profit (loss) | 9901 | €70,551 | €197,934 | +€127,383 | +181% |
| Financial income | 75/76B | €222 | €265 | +€44 | +19.7% |
| Recurring financial income | 75 | €222 | €265 | +€44 | +19.7% |
| Financial charges | 65/66B | €8,030 | €14,629 | +€6,600 | +82.2% |
| Recurring financial charges | 65 | €8,030 | €14,629 | +€6,600 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €62,743 | €183,570 | +€120,827 | +193% |
| Income taxes | 67/77 | €18,488 | €57,441 | +€38,953 | +211% |
| Profit (loss) for the period | 9904 | €44,256 | €126,130 | +€81,874 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €44,256 | €126,130 | +€81,874 | +185% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.