BART DECORTE: 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 DECORTE
Largest movements
- Cash +€90,364
up €90,364 (+266%), from €34,025 to €124,389
mainly Receivables within one year (+€43,053) and Depreciation (+€41,617)
- Stocks and contracts +€48,170
up €48,170 (+23.5%), from €205,053 to €253,223
of which Contracts in progress: +€50,939
- Receivables within one year -€43,053
down €43,053 (-33.3%), from €129,426 to €86,373
of which Trade receivables: -€47,924
- Tangible fixed assets -€20,213
down €20,213 (-11.2%), from €180,964 to €160,751
of which Land and buildings: -€10,294
- Tax, wage and social debts +€39,996
up €39,996 (+179%), from €22,345 to €62,341
of which Taxes: +€38,122
- Reserves +€18,450
up €18,450 (+14.2%), from €129,870 to €148,320
- Trade debts +€9,390
up €9,390 (+9.8%), from €96,222 to €105,611
- Debts after one year +€7,361
up €7,361 (+3.0%), from €249,189 to €256,549
- Financial charges +€4,636
up €4,636 (+125%), from €3,715 to €8,352
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 | €552,691 | €627,617 | +€74,926 | +13.6% |
| Fixed assets | 21/28 | €180,964 | €160,751 | -€20,213 | -11.2% |
| Tangible fixed assets | 22/27 | €180,964 | €160,751 | -€20,213 | -11.2% |
| Land and buildings | 22 | €112,784 | €102,490 | -€10,294 | -9.1% |
| Plant, machinery and equipment | 23 | €55,555 | €49,862 | -€5,693 | -10.2% |
| Furniture and vehicles | 24 | €11,472 | €7,424 | -€4,048 | -35.3% |
| Other tangible fixed assets | 26 | €1,152 | €975 | -€177 | -15.4% |
| Current assets | 29/58 | €371,726 | €466,866 | +€95,139 | +25.6% |
| Stocks and contracts in progress | 3 | €205,053 | €253,223 | +€48,170 | +23.5% |
| Stocks | 30/36 | €12,221 | €9,452 | -€2,769 | -22.7% |
| Contracts in progress | 37 | €192,832 | €243,770 | +€50,939 | +26.4% |
| Amounts receivable within one year | 40/41 | €129,426 | €86,373 | -€43,053 | -33.3% |
| Trade receivables | 40 | €128,190 | €80,266 | -€47,924 | -37.4% |
| Other amounts receivable | 41 | €1,236 | €6,107 | +€4,871 | +394% |
| Cash at bank and in hand | 54/58 | €34,025 | €124,389 | +€90,364 | +266% |
| Deferred charges and accrued income | 490/1 | €3,222 | €2,881 | -€342 | -10.6% |
| Total equity and liabilities | 10/49 | €552,691 | €627,617 | +€74,926 | +13.6% |
| Equity | 10/15 | €151,067 | €169,525 | +€18,458 | +12.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €129,870 | €148,320 | +€18,450 | +14.2% |
| Distributable reserves | 133 | €129,870 | €148,320 | +€18,450 | +14.2% |
| Profit (loss) carried forward | 14 | €1,197 | €1,205 | +€8 | +0.7% |
| Amounts payable | 17/49 | €401,623 | €458,091 | +€56,468 | +14.1% |
| Amounts payable after more than one year | 17 | €249,189 | €256,549 | +€7,361 | +3.0% |
| Financial debts | 170/4 | €249,189 | €256,549 | +€7,361 | +3.0% |
| Amounts payable within one year | 42/48 | €152,435 | €200,794 | +€48,359 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €31,512 | €32,023 | +€511 | +1.6% |
| Trade debts | 44 | €96,222 | €105,611 | +€9,390 | +9.8% |
| Suppliers | 440/4 | €96,222 | €105,611 | +€9,390 | +9.8% |
| Taxes, remuneration and social security | 45 | €22,345 | €62,341 | +€39,996 | +179% |
| Taxes | 450/3 | €7,656 | €45,778 | +€38,122 | +498% |
| Remuneration and social security | 454/9 | €14,689 | €16,564 | +€1,875 | +12.8% |
| Other amounts payable | 47/48 | €2,356 | €818 | -€1,537 | -65.3% |
| Accrued charges and deferred income | 492/3 | - | €748 | +€748 | |
| Remuneration, social security and pensions | 62 | €301,553 | €297,932 | -€3,621 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,565 | €41,617 | +€1,051 | +2.6% |
| Other operating charges | 640/8 | €3,133 | €3,120 | -€12 | -0.4% |
| Gross operating margin | 9900 | €376,827 | €378,215 | +€1,388 | +0.4% |
| Operating profit (loss) | 9901 | €31,576 | €35,546 | +€3,970 | +12.6% |
| Financial income | 75/76B | €3 | €156 | +€153 | +4,518% |
| Recurring financial income | 75 | €3 | €156 | +€153 | +4,518% |
| Financial charges | 65/66B | €3,715 | €8,352 | +€4,636 | +125% |
| Recurring financial charges | 65 | €3,715 | €8,352 | +€4,636 | +125% |
| Profit (loss) for the period before taxes | 9903 | €27,864 | €27,351 | -€514 | -1.8% |
| Income taxes | 67/77 | €8,764 | €8,893 | +€129 | +1.5% |
| Profit (loss) for the period | 9904 | €19,100 | €18,458 | -€642 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,100 | €18,458 | -€642 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.