BART WOUTERS: 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 WOUTERS
Largest movements
- Tangible fixed assets -€10,956
down €10,956 (-48.2%), from €22,728 to €11,772
of which Furniture and vehicles: -€10,167
- Receivables within one year -€1,642
down €1,642 (-98.9%), from €1,660 to €18
of which Trade receivables: -€1,660
- Profit (loss) carried forward -€30,840
down €30,840 (-97.0%), from -€31,809 to -€62,649
- Other debts +€24,988
up €24,988 (+306%), from €8,174 to €33,162
- Trade debts -€9,254
down €9,254 (-96.0%), from €9,637 to €383
- Tax, wage and social debts +€2,513
up €2,513 (+40.8%), from €6,164 to €8,677
- Other operating charges -€2,388
down €2,388 (-60.2%), from €3,966 to €1,578
- Gross operating margin -€1,635
down €1,635 (-10.2%), from -€16,038 to -€17,672
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 | €32,413 | €19,820 | -€12,592 | -38.8% |
| Fixed assets | 21/28 | €22,728 | €11,772 | -€10,956 | -48.2% |
| Tangible fixed assets | 22/27 | €22,728 | €11,772 | -€10,956 | -48.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €20,360 | €10,193 | -€10,167 | -49.9% |
| Other tangible fixed assets | 26 | €2,368 | €1,579 | -€789 | -33.3% |
| Current assets | 29/58 | €9,685 | €8,048 | -€1,636 | -16.9% |
| Amounts receivable within one year | 40/41 | €1,660 | €18 | -€1,642 | -98.9% |
| Trade receivables | 40 | €1,660 | - | -€1,660 | |
| Other amounts receivable | 41 | - | €18 | +€18 | |
| Cash at bank and in hand | 54/58 | €5,360 | €5,278 | -€82 | -1.5% |
| Deferred charges and accrued income | 490/1 | €2,665 | €2,752 | +€87 | +3.3% |
| Total equity and liabilities | 10/49 | €32,413 | €19,820 | -€12,592 | -38.8% |
| Equity | 10/15 | €8,437 | -€22,402 | -€30,840 | |
| Contributions | 10/11 | €18,597 | €18,597 | = | 0.0% |
| Reserves | 13 | €21,649 | €21,649 | = | 0.0% |
| Distributable reserves | 133 | €21,649 | €21,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,809 | -€62,649 | -€30,840 | -97.0% |
| Amounts payable | 17/49 | €23,975 | €42,223 | +€18,247 | +76.1% |
| Amounts payable within one year | 42/48 | €23,975 | €42,223 | +€18,247 | +76.1% |
| Trade debts | 44 | €9,637 | €383 | -€9,254 | -96.0% |
| Suppliers | 440/4 | €9,637 | €383 | -€9,254 | -96.0% |
| Taxes, remuneration and social security | 45 | €6,164 | €8,677 | +€2,513 | +40.8% |
| Taxes | 450/3 | €6,164 | €8,677 | +€2,513 | +40.8% |
| Other amounts payable | 47/48 | €8,174 | €33,162 | +€24,988 | +306% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,983 | €10,956 | -€27 | -0.2% |
| Other operating charges | 640/8 | €3,966 | €1,578 | -€2,388 | -60.2% |
| Gross operating margin | 9900 | -€16,038 | -€17,672 | -€1,635 | -10.2% |
| Operating profit (loss) | 9901 | -€30,986 | -€30,206 | +€780 | +2.5% |
| Financial income | 75/76B | €7 | €12 | +€5 | +66.9% |
| Recurring financial income | 75 | €7 | €12 | +€5 | +66.9% |
| Financial charges | 65/66B | €413 | €264 | -€149 | -36.1% |
| Recurring financial charges | 65 | €413 | €264 | -€149 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,392 | -€30,458 | +€934 | +3.0% |
| Income taxes | 67/77 | €417 | €382 | -€36 | -8.6% |
| Profit (loss) for the period | 9904 | -€31,809 | -€30,840 | +€970 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,809 | -€30,840 | +€970 | +3.0% |
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 14 October 2026 via checked.be.