BART DE WIN: what changed
Two fiscal 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 WIN
Largest movements
- Cash +€53,927
up €53,927 (+49.9%), from €108,022 to €161,949
mainly Net result for the year (+€74,183) and Depreciation (+€5,233)
- Tangible fixed assets -€5,233
down €5,233 (-57.3%), from €9,134 to €3,902
- Reserves +€74,183
new in 2025: €74,183
- Tax, wage and social debts -€15,966
down €15,966 (-39.2%), from €40,740 to €24,774
- Other debts -€11,214
down €11,214 (-13.5%), from €82,792 to €71,578
- Gross operating margin -€6,212
down €6,212 (-5.8%), from €107,647 to €101,435
- Financial income -€1,268
down €1,268 (-67.6%), from €1,874 to €606
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 | €131,962 | €179,320 | +€47,358 | +35.9% |
| Fixed assets | 21/28 | €9,134 | €3,902 | -€5,233 | -57.3% |
| Tangible fixed assets | 22/27 | €9,134 | €3,902 | -€5,233 | -57.3% |
| Furniture and vehicles | 24 | €9,134 | €3,902 | -€5,233 | -57.3% |
| Current assets | 29/58 | €122,828 | €175,419 | +€52,591 | +42.8% |
| Amounts receivable within one year | 40/41 | €13,143 | €11,757 | -€1,386 | -10.5% |
| Trade receivables | 40 | €4,252 | €2,866 | -€1,386 | -32.6% |
| Other amounts receivable | 41 | €8,891 | €8,891 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,022 | €161,949 | +€53,927 | +49.9% |
| Deferred charges and accrued income | 490/1 | €1,663 | €1,712 | +€50 | +3.0% |
| Total equity and liabilities | 10/49 | €131,962 | €179,320 | +€47,358 | +35.9% |
| Equity | 10/15 | €7,500 | €81,683 | +€74,183 | +989.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | - | €74,183 | +€74,183 | |
| Distributable reserves | 133 | - | €74,183 | +€74,183 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €124,462 | €97,638 | -€26,825 | -21.6% |
| Amounts payable within one year | 42/48 | €124,462 | €97,638 | -€26,825 | -21.6% |
| Financial debts | 43 | €0 | €67 | +€67 | |
| Credit institutions | 430/8 | €0 | €67 | +€67 | |
| Trade debts | 44 | €931 | €1,218 | +€288 | +30.9% |
| Suppliers | 440/4 | €931 | €1,218 | +€288 | +30.9% |
| Taxes, remuneration and social security | 45 | €40,740 | €24,774 | -€15,966 | -39.2% |
| Taxes | 450/3 | €40,740 | €24,774 | -€15,966 | -39.2% |
| Other amounts payable | 47/48 | €82,792 | €71,578 | -€11,214 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,281 | €5,233 | -€48 | -0.9% |
| Other operating charges | 640/8 | €1,320 | €1,247 | -€73 | -5.5% |
| Gross operating margin | 9900 | €107,647 | €101,435 | -€6,212 | -5.8% |
| Operating profit (loss) | 9901 | €101,046 | €94,955 | -€6,091 | -6.0% |
| Financial income | 75/76B | €1,874 | €606 | -€1,268 | -67.6% |
| Recurring financial income | 75 | €1,874 | €606 | -€1,268 | -67.6% |
| Financial charges | 65/66B | €529 | €284 | -€245 | -46.3% |
| Recurring financial charges | 65 | €529 | €284 | -€245 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €102,390 | €95,277 | -€7,113 | -6.9% |
| Income taxes | 67/77 | €21,671 | €21,094 | -€577 | -2.7% |
| Profit (loss) for the period | 9904 | €80,719 | €74,183 | -€6,537 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,719 | €74,183 | -€6,537 | -8.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.