BART VOS DESIGN: 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 VOS DESIGN
Largest movements
- Cash +€60,095
up €60,095 (+122%), from €49,158 to €109,253
mainly Receivables within one year (+€31,648) and Deferred charges and accrued income (+€25,266)
- Receivables within one year -€31,648
down €31,648 (-68.5%), from €46,202 to €14,553
of which Trade receivables: -€31,595
- Deferred charges and accrued income -€25,266
no longer reported in 2025 (was €25,266)
- Tangible fixed assets -€7,703
down €7,703 (-6.5%), from €118,367 to €110,664
of which Land and buildings: -€9,642
- Reserves -€39,000
down €39,000 (-13.5%), from €288,500 to €249,500
of which Distributable reserves: -€39,000
- Profit (loss) carried forward +€31,680
up €31,680, from -€935 to €30,744
- Depreciation -€9,757
down €9,757 (-48.3%), from €20,220 to €10,464
- Gross operating margin -€8,086
down €8,086 (-60.9%), from €13,288 to €5,202
- Other operating charges -€419
down €419 (-15.3%), from €2,736 to €2,317
- Financial income +€176
up €176 (+57.7%), from €306 to €482
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 | €327,992 | €323,470 | -€4,522 | -1.4% |
| Fixed assets | 21/28 | €118,617 | €110,914 | -€7,703 | -6.5% |
| Tangible fixed assets | 22/27 | €118,367 | €110,664 | -€7,703 | -6.5% |
| Land and buildings | 22 | €118,367 | €108,725 | -€9,642 | -8.1% |
| Furniture and vehicles | 24 | - | €1,939 | +€1,939 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €209,376 | €212,556 | +€3,181 | +1.5% |
| Amounts receivable within one year | 40/41 | €46,202 | €14,553 | -€31,648 | -68.5% |
| Trade receivables | 40 | €43,147 | €11,552 | -€31,595 | -73.2% |
| Other amounts receivable | 41 | €3,054 | €3,001 | -€53 | -1.7% |
| Current investments | 50/53 | €88,750 | €88,750 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €49,158 | €109,253 | +€60,095 | +122% |
| Deferred charges and accrued income | 490/1 | €25,266 | - | -€25,266 | |
| Total equity and liabilities | 10/49 | €327,992 | €323,470 | -€4,522 | -1.4% |
| Equity | 10/15 | €312,565 | €305,244 | -€7,320 | -2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €288,500 | €249,500 | -€39,000 | -13.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €286,000 | €247,000 | -€39,000 | -13.6% |
| Profit (loss) carried forward | 14 | -€935 | €30,744 | +€31,680 | |
| Amounts payable | 17/49 | €15,428 | €18,226 | +€2,798 | +18.1% |
| Amounts payable within one year | 42/48 | €15,428 | €18,226 | +€2,798 | +18.1% |
| Trade debts | 44 | €3,969 | €2,311 | -€1,659 | -41.8% |
| Suppliers | 440/4 | €3,969 | €2,311 | -€1,659 | -41.8% |
| Taxes, remuneration and social security | 45 | €1,730 | €3,010 | +€1,281 | +74.0% |
| Taxes | 450/3 | €42 | €1,315 | +€1,273 | +3,057% |
| Remuneration and social security | 454/9 | €1,688 | €1,695 | +€8 | +0.4% |
| Other amounts payable | 47/48 | €9,729 | €12,905 | +€3,176 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,220 | €10,464 | -€9,757 | -48.3% |
| Other operating charges | 640/8 | €2,736 | €2,317 | -€419 | -15.3% |
| Gross operating margin | 9900 | €13,288 | €5,202 | -€8,086 | -60.9% |
| Operating profit (loss) | 9901 | -€9,669 | -€7,579 | +€2,090 | +21.6% |
| Financial income | 75/76B | €306 | €482 | +€176 | +57.7% |
| Recurring financial income | 75 | €306 | €482 | +€176 | +57.7% |
| Financial charges | 65/66B | €53 | €93 | +€40 | +75.7% |
| Recurring financial charges | 65 | €53 | €93 | +€40 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,416 | -€7,190 | +€2,226 | +23.6% |
| Income taxes | 67/77 | €127 | €130 | +€3 | +2.5% |
| Profit (loss) for the period | 9904 | -€9,543 | -€7,320 | +€2,223 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,543 | -€7,320 | +€2,223 | +23.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.