Bart@work: 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@work
Largest movements
- Tangible fixed assets -€11,596
down €11,596 (-32.5%), from €35,686 to €24,089
of which Furniture and vehicles: -€7,540
- Cash +€11,256
up €11,256 (+389%), from €2,896 to €14,152
mainly Depreciation (+€11,596) and Net result for the year (+€8,487)
- Stocks and contracts -€6,342
down €6,342 (-12.5%), from €50,747 to €44,405
of which Contracts in progress: -€5,248
- Other debts -€9,421
down €9,421 (-31.2%), from €30,173 to €20,751
- Reserves +€8,487
up €8,487 (+17.1%), from €49,491 to €57,979
- Tax, wage and social debts -€8,255
down €8,255 (-55.7%), from €14,810 to €6,555
- Trade debts +€5,036
up €5,036 (+11,112%), from €45 to €5,081
- Debts after one year -€2,674
down €2,674 (-17.8%), from €15,000 to €12,326
- Depreciation +€2,139
up €2,139 (+22.6%), from €9,458 to €11,596
- Gross operating margin -€1,154
down €1,154 (-4.1%), from €28,110 to €26,956
- Financial charges +€574
up €574 (+142%), from €403 to €976
- Taxes -€542
down €542 (-11.7%), from €4,615 to €4,073
- Other operating charges +€536
up €536 (+41.6%), from €1,288 to €1,824
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 | €109,769 | €102,942 | -€6,827 | -6.2% |
| Fixed assets | 21/28 | €35,686 | €24,089 | -€11,596 | -32.5% |
| Tangible fixed assets | 22/27 | €35,686 | €24,089 | -€11,596 | -32.5% |
| Plant, machinery and equipment | 23 | €10,264 | €6,208 | -€4,056 | -39.5% |
| Furniture and vehicles | 24 | €25,422 | €17,882 | -€7,540 | -29.7% |
| Current assets | 29/58 | €74,083 | €78,852 | +€4,769 | +6.4% |
| Stocks and contracts in progress | 3 | €50,747 | €44,405 | -€6,342 | -12.5% |
| Stocks | 30/36 | €4,244 | €3,150 | -€1,094 | -25.8% |
| Contracts in progress | 37 | €46,503 | €41,255 | -€5,248 | -11.3% |
| Amounts receivable within one year | 40/41 | €17,981 | €17,751 | -€230 | -1.3% |
| Trade receivables | 40 | €17,981 | €17,751 | -€230 | -1.3% |
| Cash at bank and in hand | 54/58 | €2,896 | €14,152 | +€11,256 | +389% |
| Deferred charges and accrued income | 490/1 | €2,459 | €2,544 | +€84 | +3.4% |
| Total equity and liabilities | 10/49 | €109,769 | €102,942 | -€6,827 | -6.2% |
| Equity | 10/15 | €49,741 | €58,229 | +€8,487 | +17.1% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €49,491 | €57,979 | +€8,487 | +17.1% |
| Distributable reserves | 133 | €49,491 | €57,979 | +€8,487 | +17.1% |
| Amounts payable | 17/49 | €60,028 | €44,713 | -€15,314 | -25.5% |
| Amounts payable after more than one year | 17 | €15,000 | €12,326 | -€2,674 | -17.8% |
| Financial debts | 170/4 | €15,000 | €12,326 | -€2,674 | -17.8% |
| Amounts payable within one year | 42/48 | €45,028 | €32,387 | -€12,640 | -28.1% |
| Trade debts | 44 | €45 | €5,081 | +€5,036 | +11,112% |
| Suppliers | 440/4 | €45 | €5,081 | +€5,036 | +11,112% |
| Taxes, remuneration and social security | 45 | €14,810 | €6,555 | -€8,255 | -55.7% |
| Taxes | 450/3 | €14,810 | €6,555 | -€8,255 | -55.7% |
| Other amounts payable | 47/48 | €30,173 | €20,751 | -€9,421 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,458 | €11,596 | +€2,139 | +22.6% |
| Other operating charges | 640/8 | €1,288 | €1,824 | +€536 | +41.6% |
| Gross operating margin | 9900 | €28,110 | €26,956 | -€1,154 | -4.1% |
| Operating profit (loss) | 9901 | €17,364 | €13,536 | -€3,828 | -22.0% |
| Financial income | 75/76B | €5 | €1 | -€4 | -84.6% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -84.6% |
| Financial charges | 65/66B | €403 | €976 | +€574 | +142% |
| Recurring financial charges | 65 | €403 | €976 | +€574 | +142% |
| Profit (loss) for the period before taxes | 9903 | €16,966 | €12,560 | -€4,406 | -26.0% |
| Income taxes | 67/77 | €4,615 | €4,073 | -€542 | -11.7% |
| Profit (loss) for the period | 9904 | €12,351 | €8,487 | -€3,864 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,351 | €8,487 | -€3,864 | -31.3% |
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 20 October 2026 via checked.be.