BART VANBRABANT: 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 VANBRABANT
Largest movements
- Cash +€25,136
up €25,136 (+89.7%), from €28,018 to €53,155
mainly Net result for the year (+€28,301) and Depreciation (+€11,542)
- Receivables within one year +€2,228
up €2,228 (+35.1%), from €6,351 to €8,579
of which Trade receivables: +€3,196
- Reserves +€28,301
up €28,301 (+106%), from €26,732 to €55,033
- Other debts -€13,600
down €13,600 (-58.6%), from €23,221 to €9,621
- Trade debts +€8,600
up €8,600 (+1,853%), from €464 to €9,064
- Tax, wage and social debts +€2,651
up €2,651 (+40.3%), from €6,572 to €9,223
of which Remuneration and social security: +€2,000
- Gross operating margin +€10,075
up €10,075 (+22.9%), from €44,022 to €54,097
- Staff costs +€4,409
up €4,409 (+183%), from €2,405 to €6,814
- Depreciation +€3,804
up €3,804 (+49.2%), from €7,738 to €11,542
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 | €57,990 | €83,941 | +€25,951 | +44.8% |
| Formation expenses | 20 | €234 | - | -€234 | |
| Fixed assets | 21/28 | €22,755 | €22,208 | -€547 | -2.4% |
| Tangible fixed assets | 22/27 | €22,755 | €22,208 | -€547 | -2.4% |
| Plant, machinery and equipment | 23 | €17,005 | €19,637 | +€2,632 | +15.5% |
| Furniture and vehicles | 24 | €5,750 | €2,571 | -€3,179 | -55.3% |
| Current assets | 29/58 | €35,000 | €61,734 | +€26,733 | +76.4% |
| Amounts receivable within one year | 40/41 | €6,351 | €8,579 | +€2,228 | +35.1% |
| Trade receivables | 40 | €5,274 | €8,470 | +€3,196 | +60.6% |
| Other amounts receivable | 41 | €1,077 | €109 | -€968 | -89.9% |
| Cash at bank and in hand | 54/58 | €28,018 | €53,155 | +€25,136 | +89.7% |
| Deferred charges and accrued income | 490/1 | €631 | - | -€631 | |
| Total equity and liabilities | 10/49 | €57,990 | €83,941 | +€25,951 | +44.8% |
| Equity | 10/15 | €27,732 | €56,033 | +€28,301 | +102% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €26,732 | €55,033 | +€28,301 | +106% |
| Distributable reserves | 133 | €26,732 | €55,033 | +€28,301 | +106% |
| Amounts payable | 17/49 | €30,258 | €27,908 | -€2,349 | -7.8% |
| Amounts payable within one year | 42/48 | €30,258 | €27,908 | -€2,349 | -7.8% |
| Trade debts | 44 | €464 | €9,064 | +€8,600 | +1,853% |
| Suppliers | 440/4 | €464 | €9,064 | +€8,600 | +1,853% |
| Taxes, remuneration and social security | 45 | €6,572 | €9,223 | +€2,651 | +40.3% |
| Taxes | 450/3 | €6,572 | €7,223 | +€651 | +9.9% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €23,221 | €9,621 | -€13,600 | -58.6% |
| Non-recurring operating income | 76A | - | €2,960 | +€2,960 | |
| Remuneration, social security and pensions | 62 | €2,405 | €6,814 | +€4,409 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,738 | €11,542 | +€3,804 | +49.2% |
| Other operating charges | 640/8 | €449 | €550 | +€100 | +22.3% |
| Gross operating margin | 9900 | €44,022 | €54,097 | +€10,075 | +22.9% |
| Operating profit (loss) | 9901 | €33,429 | €35,191 | +€1,762 | +5.3% |
| Financial income | 75/76B | €0 | €17 | +€17 | +21,338% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +21,338% |
| Financial charges | 65/66B | €125 | €161 | +€37 | +29.6% |
| Recurring financial charges | 65 | €125 | €161 | +€37 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €33,304 | €35,047 | +€1,742 | +5.2% |
| Income taxes | 67/77 | €6,572 | €6,746 | +€174 | +2.6% |
| Profit (loss) for the period | 9904 | €26,732 | €28,301 | +€1,568 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,732 | €28,301 | +€1,568 | +5.9% |
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 13 October 2026 via checked.be.