BART STRUYFS: 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 STRUYFS
Largest movements
- Cash +€42,978
up €42,978 (+84.7%), from €50,728 to €93,706
mainly Other debts (+€89,414) and Net result for the year (+€37,085)
- Tangible fixed assets -€19,295
down €19,295 (-22.8%), from €84,766 to €65,471
of which Furniture and vehicles: -€9,917
- Receivables within one year -€10,617
down €10,617 (-43.2%), from €24,556 to €13,939
of which Trade receivables: -€13,236
- Other debts +€89,414
up €89,414 (+362.9%), from €24,640 to €114,054
- Reserves -€65,232
down €65,232 (-41.4%), from €157,404 to €92,171
- Debts after one year -€8,518
down €8,518 (-53.7%), from €15,867 to €7,349
- Short-term financial debts -€4,075
down €4,075 (-80.7%), from €5,049 to €975
- Tax, wage and social debts +€3,166
new in 2025: €3,166
- Gross operating margin +€19,001
up €19,001 (+33.3%), from €56,984 to €75,985
- Taxes +€8,444
up €8,444 (+90.0%), from €9,382 to €17,826
- Financial income +€1,222
up €1,222 (+122.1%), from €1,000 to €2,222
- Financial charges -€796
down €796 (-42.6%), from €1,870 to €1,074
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 | €221,123 | €234,690 | +€13,568 | +6.1% |
| Fixed assets | 21/28 | €84,766 | €65,471 | -€19,295 | -22.8% |
| Tangible fixed assets | 22/27 | €84,766 | €65,471 | -€19,295 | -22.8% |
| Land and buildings | 22 | €39,385 | €34,726 | -€4,658 | -11.8% |
| Plant, machinery and equipment | 23 | €12,740 | €8,021 | -€4,720 | -37.0% |
| Furniture and vehicles | 24 | €32,641 | €22,724 | -€9,917 | -30.4% |
| Current assets | 29/58 | €136,357 | €169,219 | +€32,862 | +24.1% |
| Amounts receivable within one year | 40/41 | €24,556 | €13,939 | -€10,617 | -43.2% |
| Trade receivables | 40 | €15,233 | €1,998 | -€13,236 | -86.9% |
| Other amounts receivable | 41 | €9,322 | €11,941 | +€2,619 | +28.1% |
| Current investments | 50/53 | €59,979 | €60,000 | +€21 | 0.0% |
| Cash at bank and in hand | 54/58 | €50,728 | €93,706 | +€42,978 | +84.7% |
| Deferred charges and accrued income | 490/1 | €1,094 | €1,574 | +€480 | +43.9% |
| Total equity and liabilities | 10/49 | €221,123 | €234,690 | +€13,568 | +6.1% |
| Equity | 10/15 | €163,604 | €98,371 | -€65,232 | -39.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,404 | €92,171 | -€65,232 | -41.4% |
| Distributable reserves | 133 | €157,404 | €92,171 | -€65,232 | -41.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,519 | €136,319 | +€78,800 | +137.0% |
| Amounts payable after more than one year | 17 | €15,867 | €7,349 | -€8,518 | -53.7% |
| Financial debts | 170/4 | €15,867 | €7,349 | -€8,518 | -53.7% |
| Amounts payable within one year | 42/48 | €41,326 | €128,851 | +€87,525 | +211.8% |
| Current portion of amounts payable after more than one year | 42 | €8,202 | €8,518 | +€316 | +3.9% |
| Financial debts | 43 | €5,049 | €975 | -€4,075 | -80.7% |
| Credit institutions | 430/8 | €5,049 | €975 | -€4,075 | -80.7% |
| Trade debts | 44 | €3,435 | €2,139 | -€1,297 | -37.7% |
| Suppliers | 440/4 | €3,435 | €2,139 | -€1,297 | -37.7% |
| Taxes, remuneration and social security | 45 | - | €3,166 | +€3,166 | |
| Taxes | 450/3 | - | €3,166 | +€3,166 | |
| Other amounts payable | 47/48 | €24,640 | €114,054 | +€89,414 | +362.9% |
| Accrued charges and deferred income | 492/3 | €327 | €119 | -€208 | -63.5% |
| Remuneration, social security and pensions | 62 | €463 | €400 | -€63 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,537 | €20,778 | -€758 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €600 | €1,043 | +€443 | +73.8% |
| Gross operating margin | 9900 | €56,984 | €75,985 | +€19,001 | +33.3% |
| Operating profit (loss) | 9901 | €34,384 | €53,763 | +€19,379 | +56.4% |
| Financial income | 75/76B | €1,000 | €2,222 | +€1,222 | +122.1% |
| Recurring financial income | 75 | €1,000 | €2,222 | +€1,222 | +122.1% |
| Financial charges | 65/66B | €1,870 | €1,074 | -€796 | -42.6% |
| Recurring financial charges | 65 | €1,870 | €1,074 | -€796 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €33,514 | €54,911 | +€21,397 | +63.8% |
| Income taxes | 67/77 | €9,382 | €17,826 | +€8,444 | +90.0% |
| Profit (loss) for the period | 9904 | €24,132 | €37,085 | +€12,953 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,132 | €37,085 | +€12,953 | +53.7% |
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 10 October 2026 via checked.be.