Bart Met Vrienden: what changed
What changed
Bart Met Vrienden
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€29,214
2024 · €162,935-€133,720
Equity
€130,689
2024 · €231,180-€100,491
Cash
€187,054
2024 · €417,623-€230,569
Balance sheet total
€248,479
2024 · €512,750-€264,271
Largest movements
Assets
- Cash -€230,569
down €230,569 (-55.2%), from €417,623 to €187,054
mainly Trade debts (-€149,129) and Contributions, distributions and other (-€129,706)
- Receivables within one year -€49,907
down €49,907 (-77.0%), from €64,787 to €14,880
of which Trade receivables: -€25,286
- Current investments +€22,223
new in 2025: €22,223
- Tangible fixed assets -€6,174
down €6,174 (-39.9%), from €15,482 to €9,307
of which Furniture and vehicles: -€3,315
Equity and liabilities
- Trade debts -€149,129
down €149,129 (-80.7%), from €184,684 to €35,555
- Profit (loss) carried forward -€100,491
down €100,491 (-47.3%), from €212,268 to €111,777
- Advances received -€70,444
no longer reported in 2025 (was €70,444)
- Other debts +€62,117
up €62,117 (+9,391%), from €661 to €62,779
Income statement
- Purchases and services -€843,535
down €843,535 (-81.9%), from €1.0m to €186,235
- Gross operating margin -€177,835
down €177,835 (-79.9%), from €222,470 to €44,636
- Taxes -€42,205
down €42,205 (-84.4%), from €50,018 to €7,812
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.
Result 2024
€162,935
Gross operating margin
-€177,835
Depreciation
+€1,297
Other operating charges
+€466
Other operating items
+€231
Financial income
-€1,918
Financial charges
+€1,833
Taxes
+€42,205
Result 2025
€29,214
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€75,558
Investment
-€22,659
Financing
-€132,351
Cash 2024
€417,623
From operations (derived)
-€75,558
Net result for the year
+€29,214
Depreciation
+€6,611
Receivables within one year
+€49,907
Deferred charges and accrued income
-€156
Trade debts
-€149,129
Tax, wage and social debts
-€3,679
Advances received
-€70,444
Other debts
+€62,117
Investment (derived)
-€22,659
Investment in fixed assets (net)
-€437
Current investments
-€22,223
Financing
-€132,351
Current portion of long-term debt
-€2,645
Contributions, distributions and other
-€129,706
Cash 2025
€187,054
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,750 | €248,479 | -€264,271 | -51.5% |
| Fixed assets | 21/28 | €29,508 | €23,333 | -€6,174 | -20.9% |
| Tangible fixed assets | 22/27 | €15,482 | €9,307 | -€6,174 | -39.9% |
| Plant, machinery and equipment | 23 | €6,120 | €3,261 | -€2,860 | -46.7% |
| Furniture and vehicles | 24 | €9,361 | €6,047 | -€3,315 | -35.4% |
| Financial fixed assets | 28 | €14,026 | €14,026 | = | 0.0% |
| Current assets | 29/58 | €483,242 | €225,145 | -€258,097 | -53.4% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,787 | €14,880 | -€49,907 | -77.0% |
| Trade receivables | 40 | €30,941 | €5,655 | -€25,286 | -81.7% |
| Other amounts receivable | 41 | €33,847 | €9,225 | -€24,621 | -72.7% |
| Current investments | 50/53 | - | €22,223 | +€22,223 | |
| Cash at bank and in hand | 54/58 | €417,623 | €187,054 | -€230,569 | -55.2% |
| Deferred charges and accrued income | 490/1 | €332 | €488 | +€156 | +47.1% |
| Total equity and liabilities | 10/49 | €512,750 | €248,479 | -€264,271 | -51.5% |
| Equity | 10/15 | €231,180 | €130,689 | -€100,491 | -43.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312 | €312 | = | 0.0% |
| Non-distributable reserves | 130/1 | €312 | €312 | = | 0.0% |
| Reserves not available under the articles | 1311 | €312 | €312 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,268 | €111,777 | -€100,491 | -47.3% |
| Amounts payable | 17/49 | €281,570 | €117,790 | -€163,780 | -58.2% |
| Amounts payable within one year | 42/48 | €281,570 | €117,790 | -€163,780 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €2,645 | - | -€2,645 | |
| Trade debts | 44 | €184,684 | €35,555 | -€149,129 | -80.7% |
| Suppliers | 440/4 | €184,684 | €35,555 | -€149,129 | -80.7% |
| Advances received on contracts in progress | 46 | €70,444 | - | -€70,444 | |
| Taxes, remuneration and social security | 45 | €23,135 | €19,456 | -€3,679 | -15.9% |
| Taxes | 450/3 | €23,135 | €19,456 | -€3,679 | -15.9% |
| Other amounts payable | 47/48 | €661 | €62,779 | +€62,117 | +9,391% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,029,770 | €186,235 | -€843,535 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,908 | €6,611 | -€1,297 | -16.4% |
| Other operating charges | 640/8 | €965 | €500 | -€466 | -48.3% |
| Non-recurring operating charges | 66A | €818 | €587 | -€231 | -28.2% |
| Gross operating margin | 9900 | €222,470 | €44,636 | -€177,835 | -79.9% |
| Operating profit (loss) | 9901 | €212,779 | €36,938 | -€175,841 | -82.6% |
| Financial income | 75/76B | €3,027 | €1,108 | -€1,918 | -63.4% |
| Recurring financial income | 75 | €3,027 | €1,108 | -€1,918 | -63.4% |
| Financial charges | 65/66B | €2,853 | €1,020 | -€1,833 | -64.3% |
| Recurring financial charges | 65 | €2,853 | €1,020 | -€1,833 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €212,952 | €37,027 | -€175,926 | -82.6% |
| Income taxes | 67/77 | €50,018 | €7,812 | -€42,205 | -84.4% |
| Profit (loss) for the period | 9904 | €162,935 | €29,214 | -€133,720 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €162,935 | €29,214 | -€133,720 | -82.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.