BART DE BEVERE: 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 DE BEVERE
Largest movements
- Cash -€43,808
down €43,808 (-66.2%), from €66,137 to €22,329
mainly Contributions, distributions and other (-€111,500) and Investment in fixed assets (net) (-€73,196)
- Current investments -€37,540
down €37,540 (-18.4%), from €204,000 to €166,460
- Tangible fixed assets +€34,973
up €34,973 (+5.6%), from €626,643 to €661,616
of which Furniture and vehicles: +€61,558
- Receivables within one year -€11,199
down €11,199 (-23.7%), from €47,192 to €35,993
of which Trade receivables: -€11,199
- Debts after one year -€31,037
down €31,037 (-9.8%), from €317,462 to €286,425
- Reserves -€27,700
down €27,700 (-4.9%), from €564,060 to €536,360
- Depreciation +€12,194
up €12,194 (+46.8%), from €26,030 to €38,223
- Gross operating margin +€8,370
up €8,370 (+5.2%), from €160,095 to €168,465
- Taxes +€2,496
up €2,496 (+6.7%), from €37,173 to €39,669
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 | €946,637 | €889,162 | -€57,475 | -6.1% |
| Fixed assets | 21/28 | €626,643 | €661,616 | +€34,973 | +5.6% |
| Tangible fixed assets | 22/27 | €626,643 | €661,616 | +€34,973 | +5.6% |
| Land and buildings | 22 | €622,259 | €598,193 | -€24,066 | -3.9% |
| Plant, machinery and equipment | 23 | €2,519 | €0 | -€2,519 | -100% |
| Furniture and vehicles | 24 | €1,865 | €63,423 | +€61,558 | +3,300% |
| Current assets | 29/58 | €319,994 | €227,546 | -€92,447 | -28.9% |
| Amounts receivable within one year | 40/41 | €47,192 | €35,993 | -€11,199 | -23.7% |
| Trade receivables | 40 | €47,192 | €35,993 | -€11,199 | -23.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €204,000 | €166,460 | -€37,540 | -18.4% |
| Cash at bank and in hand | 54/58 | €66,137 | €22,329 | -€43,808 | -66.2% |
| Deferred charges and accrued income | 490/1 | €2,665 | €2,764 | +€99 | +3.7% |
| Total equity and liabilities | 10/49 | €946,637 | €889,162 | -€57,475 | -6.1% |
| Equity | 10/15 | €572,291 | €544,663 | -€27,628 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €564,060 | €536,360 | -€27,700 | -4.9% |
| Distributable reserves | 133 | €564,060 | €536,360 | -€27,700 | -4.9% |
| Profit (loss) carried forward | 14 | €2,031 | €2,103 | +€72 | +3.6% |
| Amounts payable | 17/49 | €374,346 | €344,499 | -€29,847 | -8.0% |
| Amounts payable after more than one year | 17 | €317,462 | €286,425 | -€31,037 | -9.8% |
| Financial debts | 170/4 | €317,462 | €286,425 | -€31,037 | -9.8% |
| Amounts payable within one year | 42/48 | €52,854 | €53,557 | +€703 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €30,703 | €31,037 | +€335 | +1.1% |
| Trade debts | 44 | €5,277 | €4,721 | -€556 | -10.5% |
| Suppliers | 440/4 | €5,277 | €4,721 | -€556 | -10.5% |
| Taxes, remuneration and social security | 45 | €15,814 | €15,274 | -€541 | -3.4% |
| Taxes | 450/3 | €15,814 | €15,274 | -€541 | -3.4% |
| Other amounts payable | 47/48 | €1,060 | €2,525 | +€1,465 | +138% |
| Accrued charges and deferred income | 492/3 | €4,030 | €4,517 | +€487 | +12.1% |
| Non-recurring operating income | 76A | €0 | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,030 | €38,223 | +€12,194 | +46.8% |
| Other operating charges | 640/8 | €6,993 | €6,382 | -€611 | -8.7% |
| Gross operating margin | 9900 | €160,095 | €168,465 | +€8,370 | +5.2% |
| Operating profit (loss) | 9901 | €127,073 | €123,860 | -€3,213 | -2.5% |
| Financial income | 75/76B | €3,243 | €3,881 | +€638 | +19.7% |
| Recurring financial income | 75 | €3,243 | €3,881 | +€638 | +19.7% |
| Financial charges | 65/66B | €4,540 | €4,199 | -€341 | -7.5% |
| Recurring financial charges | 65 | €4,540 | €4,199 | -€341 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €125,776 | €123,542 | -€2,234 | -1.8% |
| Income taxes | 67/77 | €37,173 | €39,669 | +€2,496 | +6.7% |
| Profit (loss) for the period | 9904 | €88,602 | €83,872 | -€4,730 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,602 | €83,872 | -€4,730 | -5.3% |
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 18 October 2026 via checked.be.