BART VERLEYE: what changed
Two fiscal 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 VERLEYE
Largest movements
- Tangible fixed assets -€13,655
down €13,655 (-27.2%), from €50,236 to €36,581
of which Leasing and similar rights: -€11,000
- Deferred charges and accrued income +€2,985
up €2,985 (+578.7%), from €516 to €3,500
- Debts after one year +€8,179
up €8,179 (+9.3%), from €88,034 to €96,213
of which Other amounts payable: +€15,627
- Profit (loss) carried forward -€6,902
down €6,902 (-138.6%), from -€4,979 to -€11,881
- Current portion of long-term debt -€5,685
down €5,685 (-43.3%), from €13,134 to €7,448
- Reserves -€4,800
down €4,800 (-41.9%), from €11,459 to €6,659
of which Tax-exempt reserves: -€4,800
- Trade debts -€2,033
down €2,033 (-11.8%), from €17,246 to €15,213
- Gross operating margin -€14,600
down €14,600 (-78.1%), from €18,702 to €4,102
- Financial charges -€1,106
down €1,106 (-25.4%), from €4,360 to €3,254
- Other operating charges -€1,079
down €1,079 (-68.3%), from €1,579 to €500
- Taxes -€207
down €207 (-100.0%), from €207 to €0
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 | €147,759 | €134,513 | -€13,247 | -9.0% |
| Fixed assets | 21/28 | €50,236 | €36,581 | -€13,655 | -27.2% |
| Tangible fixed assets | 22/27 | €50,236 | €36,581 | -€13,655 | -27.2% |
| Plant, machinery and equipment | 23 | €7,599 | €5,509 | -€2,090 | -27.5% |
| Furniture and vehicles | 24 | €16,870 | €16,305 | -€565 | -3.3% |
| Leasing and similar rights | 25 | €25,767 | €14,767 | -€11,000 | -42.7% |
| Current assets | 29/58 | €97,524 | €97,932 | +€408 | +0.4% |
| Amounts receivable within one year | 40/41 | €94,706 | €93,346 | -€1,360 | -1.4% |
| Trade receivables | 40 | €84,565 | €73,628 | -€10,937 | -12.9% |
| Other amounts receivable | 41 | €10,140 | €19,718 | +€9,578 | +94.4% |
| Cash at bank and in hand | 54/58 | €2,303 | €1,086 | -€1,217 | -52.9% |
| Deferred charges and accrued income | 490/1 | €516 | €3,500 | +€2,985 | +578.7% |
| Total equity and liabilities | 10/49 | €147,759 | €134,513 | -€13,247 | -9.0% |
| Equity | 10/15 | €25,072 | €13,370 | -€11,702 | -46.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,459 | €6,659 | -€4,800 | -41.9% |
| Tax-exempt reserves | 132 | €9,600 | €4,800 | -€4,800 | -50.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,979 | -€11,881 | -€6,902 | -138.6% |
| Provisions and deferred taxes | 16 | €3,200 | €1,600 | -€1,600 | -50.0% |
| Deferred taxes | 168 | €3,200 | €1,600 | -€1,600 | -50.0% |
| Amounts payable | 17/49 | €119,487 | €119,543 | +€55 | 0.0% |
| Amounts payable after more than one year | 17 | €88,034 | €96,213 | +€8,179 | +9.3% |
| Financial debts | 170/4 | €20,786 | €13,338 | -€7,448 | -35.8% |
| Other amounts payable | 178/9 | €67,247 | €82,875 | +€15,627 | +23.2% |
| Amounts payable within one year | 42/48 | €31,453 | €23,081 | -€8,372 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €13,134 | €7,448 | -€5,685 | -43.3% |
| Trade debts | 44 | €17,246 | €15,213 | -€2,033 | -11.8% |
| Suppliers | 440/4 | €17,246 | €15,213 | -€2,033 | -11.8% |
| Taxes, remuneration and social security | 45 | €1,074 | €420 | -€654 | -60.9% |
| Taxes | 450/3 | €1,074 | €420 | -€654 | -60.9% |
| Accrued charges and deferred income | 492/3 | - | €249 | +€249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,829 | €13,655 | -€174 | -1.3% |
| Other operating charges | 640/8 | €1,579 | €500 | -€1,079 | -68.3% |
| Gross operating margin | 9900 | €18,702 | €4,102 | -€14,600 | -78.1% |
| Operating profit (loss) | 9901 | €3,293 | -€10,053 | -€13,346 | |
| Financial income | 75/76B | €18 | €5 | -€13 | -73.0% |
| Recurring financial income | 75 | €18 | €5 | -€13 | -73.0% |
| Financial charges | 65/66B | €4,360 | €3,254 | -€1,106 | -25.4% |
| Recurring financial charges | 65 | €4,360 | €3,254 | -€1,106 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,049 | -€13,302 | -€12,253 | -1168.2% |
| Transfer from deferred taxes | 780 | €1,600 | €1,600 | = | 0.0% |
| Income taxes | 67/77 | €207 | €0 | -€207 | -100.0% |
| Profit (loss) for the period | 9904 | €344 | -€11,702 | -€12,046 | |
| Transfer from tax-exempt reserves | 789 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,144 | -€6,902 | -€12,046 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.