Bart Motors: 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 Motors
Largest movements
- Stocks and contracts -€27,756
down €27,756 (-13.6%), from €204,091 to €176,335
- Receivables within one year +€15,500
up €15,500 (+126%), from €12,311 to €27,811
of which Trade receivables: +€14,224
- Tangible fixed assets -€15,299
down €15,299 (-3.9%), from €388,446 to €373,146
of which Furniture and vehicles: -€13,353
- Cash +€10,797
up €10,797 (+96.9%), from €11,143 to €21,940
mainly Stocks and contracts (+€27,756) and Depreciation (+€23,095)
- Trade debts -€36,060
down €36,060 (-90.8%), from €39,722 to €3,661
- Debts after one year +€13,407
up €13,407 (+2.7%), from €500,987 to €514,394
of which Financial debts: +€13,407
- Current portion of long-term debt +€12,555
up €12,555 (+89.6%), from €14,013 to €26,568
- Other debts -€7,598
down €7,598 (-22.9%), from €33,218 to €25,619
- Other operating charges -€40,229
down €40,229 (-98.1%), from €41,003 to €774
- Gross operating margin -€37,179
down €37,179 (-49.8%), from €74,593 to €37,414
- Depreciation +€21,445
up €21,445 (+1,299%), from €1,650 to €23,095
- Financial charges +€10,733
up €10,733 (+24,747%), from €43 to €10,776
- Taxes -€3,506
down €3,506 (-63.7%), from €5,500 to €1,994
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 | €616,655 | €600,533 | -€16,122 | -2.6% |
| Fixed assets | 21/28 | €388,446 | €373,146 | -€15,299 | -3.9% |
| Tangible fixed assets | 22/27 | €388,446 | €373,146 | -€15,299 | -3.9% |
| Land and buildings | 22 | €339,610 | €337,663 | -€1,947 | -0.6% |
| Furniture and vehicles | 24 | €48,836 | €35,483 | -€13,353 | -27.3% |
| Current assets | 29/58 | €228,210 | €227,387 | -€823 | -0.4% |
| Stocks and contracts in progress | 3 | €204,091 | €176,335 | -€27,756 | -13.6% |
| Stocks | 30/36 | €204,091 | €176,335 | -€27,756 | -13.6% |
| Amounts receivable within one year | 40/41 | €12,311 | €27,811 | +€15,500 | +126% |
| Trade receivables | 40 | €2,150 | €16,374 | +€14,224 | +662% |
| Other amounts receivable | 41 | €10,161 | €11,437 | +€1,276 | +12.6% |
| Cash at bank and in hand | 54/58 | €11,143 | €21,940 | +€10,797 | +96.9% |
| Deferred charges and accrued income | 490/1 | €664 | €1,301 | +€637 | +95.8% |
| Total equity and liabilities | 10/49 | €616,655 | €600,533 | -€16,122 | -2.6% |
| Equity | 10/15 | €28,574 | €29,668 | +€1,094 | +3.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,574 | €27,668 | +€1,094 | +4.1% |
| Distributable reserves | 133 | €26,574 | €27,668 | +€1,094 | +4.1% |
| Amounts payable | 17/49 | €588,081 | €570,865 | -€17,216 | -2.9% |
| Amounts payable after more than one year | 17 | €500,987 | €514,394 | +€13,407 | +2.7% |
| Financial debts | 170/4 | €250,987 | €264,394 | +€13,407 | +5.3% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,094 | €56,471 | -€30,623 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €14,013 | €26,568 | +€12,555 | +89.6% |
| Trade debts | 44 | €39,722 | €3,661 | -€36,060 | -90.8% |
| Suppliers | 440/4 | €39,722 | €3,661 | -€36,060 | -90.8% |
| Taxes, remuneration and social security | 45 | €142 | €622 | +€481 | +340% |
| Taxes | 450/3 | €142 | €622 | +€481 | +340% |
| Other amounts payable | 47/48 | €33,218 | €25,619 | -€7,598 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,650 | €23,095 | +€21,445 | +1,299% |
| Other operating charges | 640/8 | €41,003 | €774 | -€40,229 | -98.1% |
| Gross operating margin | 9900 | €74,593 | €37,414 | -€37,179 | -49.8% |
| Operating profit (loss) | 9901 | €31,940 | €13,545 | -€18,395 | -57.6% |
| Financial income | 75/76B | €178 | €319 | +€141 | +79.3% |
| Recurring financial income | 75 | €178 | €319 | +€141 | +79.3% |
| Financial charges | 65/66B | €43 | €10,776 | +€10,733 | +24,747% |
| Recurring financial charges | 65 | €43 | €10,776 | +€10,733 | +24,747% |
| Profit (loss) for the period before taxes | 9903 | €32,074 | €3,088 | -€28,986 | -90.4% |
| Income taxes | 67/77 | €5,500 | €1,994 | -€3,506 | -63.7% |
| Profit (loss) for the period | 9904 | €26,574 | €1,094 | -€25,481 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,574 | €1,094 | -€25,481 | -95.9% |
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 16 October 2026 via checked.be.