BART HUYSMANS: 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 HUYSMANS
Largest movements
- Cash +€94,686
up €94,686 (+60.8%), from €155,686 to €250,371
mainly Other debts (+€249,400) and Net result for the year (+€107,726)
- Receivables within one year +€22,819
up €22,819 (+749%), from €3,048 to €25,867
of which Trade receivables: +€23,853
- Tangible fixed assets -€15,596
down €15,596 (-44.9%), from €34,749 to €19,153
of which Leasing and similar rights: -€10,752
- Stocks and contracts +€3,487
up €3,487 (+298%), from €1,169 to €4,655
- Other debts +€249,400
new in 2025: €249,400
- Reserves -€141,674
down €141,674 (-90.4%), from €156,703 to €15,028
- Debts after one year -€10,310
down €10,310 (-79.7%), from €12,934 to €2,624
- Trade debts +€7,504
up €7,504 (+457%), from €1,641 to €9,145
- Gross operating margin -€2,144
down €2,144 (-1.3%), from €163,464 to €161,320
- Financial income -€2,118
down €2,118 (-81.7%), from €2,591 to €474
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 | €194,710 | €300,930 | +€106,220 | +54.6% |
| Fixed assets | 21/28 | €34,749 | €19,153 | -€15,596 | -44.9% |
| Tangible fixed assets | 22/27 | €34,749 | €19,153 | -€15,596 | -44.9% |
| Furniture and vehicles | 24 | €10,506 | €309 | -€10,197 | -97.1% |
| Leasing and similar rights | 25 | €24,244 | €13,492 | -€10,752 | -44.3% |
| Other tangible fixed assets | 26 | - | €5,353 | +€5,353 | |
| Current assets | 29/58 | €159,961 | €281,776 | +€121,815 | +76.2% |
| Stocks and contracts in progress | 3 | €1,169 | €4,655 | +€3,487 | +298% |
| Stocks | 30/36 | €1,169 | €4,655 | +€3,487 | +298% |
| Amounts receivable within one year | 40/41 | €3,048 | €25,867 | +€22,819 | +749% |
| Trade receivables | 40 | - | €23,853 | +€23,853 | |
| Other amounts receivable | 41 | €3,048 | €2,015 | -€1,033 | -33.9% |
| Cash at bank and in hand | 54/58 | €155,686 | €250,371 | +€94,686 | +60.8% |
| Deferred charges and accrued income | 490/1 | €59 | €882 | +€824 | +1,402% |
| Total equity and liabilities | 10/49 | €194,710 | €300,930 | +€106,220 | +54.6% |
| Equity | 10/15 | €159,203 | €17,528 | -€141,674 | -89.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €156,703 | €15,028 | -€141,674 | -90.4% |
| Distributable reserves | 133 | €156,703 | €15,028 | -€141,674 | -90.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,508 | €283,402 | +€247,894 | +698% |
| Amounts payable after more than one year | 17 | €12,934 | €2,624 | -€10,310 | -79.7% |
| Financial debts | 170/4 | €12,934 | €2,624 | -€10,310 | -79.7% |
| Amounts payable within one year | 42/48 | €22,573 | €280,777 | +€258,204 | +1,144% |
| Current portion of amounts payable after more than one year | 42 | €9,192 | €10,310 | +€1,118 | +12.2% |
| Trade debts | 44 | €1,641 | €9,145 | +€7,504 | +457% |
| Suppliers | 440/4 | €1,641 | €9,145 | +€7,504 | +457% |
| Taxes, remuneration and social security | 45 | €11,741 | €11,922 | +€182 | +1.5% |
| Taxes | 450/3 | €11,741 | €11,922 | +€182 | +1.5% |
| Other amounts payable | 47/48 | - | €249,400 | +€249,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,563 | €21,217 | -€1,346 | -6.0% |
| Other operating charges | 640/8 | €657 | €1,000 | +€343 | +52.2% |
| Gross operating margin | 9900 | €163,464 | €161,320 | -€2,144 | -1.3% |
| Operating profit (loss) | 9901 | €140,244 | €139,103 | -€1,141 | -0.8% |
| Financial income | 75/76B | €2,591 | €474 | -€2,118 | -81.7% |
| Recurring financial income | 75 | €2,591 | €474 | -€2,118 | -81.7% |
| Financial charges | 65/66B | €1,175 | €624 | -€551 | -46.9% |
| Recurring financial charges | 65 | €1,175 | €624 | -€551 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €141,660 | €138,953 | -€2,707 | -1.9% |
| Income taxes | 67/77 | €29,785 | €31,227 | +€1,442 | +4.8% |
| Profit (loss) for the period | 9904 | €111,875 | €107,726 | -€4,150 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €111,875 | €107,726 | -€4,150 | -3.7% |
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 28 October 2026 via checked.be.