BARTA CONSTRUCT: 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.
BARTA CONSTRUCT
Largest movements
- Receivables within one year +€690,470
up €690,470 (+172.1%), from €401,315 to €1.1m
of which Trade receivables: +€688,514
- Financial fixed assets -€77,500
down €77,500 (-43.7%), from €177,500 to €100,000
- Cash -€32,374
down €32,374 (-72.4%), from €44,716 to €12,342
mainly Receivables within one year (-€690,470) and Debts after one year (-€44,483)
- Other debts +€251,894
up €251,894 (+318.9%), from €79,000 to €330,894
- Trade debts +€227,053
up €227,053 (+70.9%), from €320,363 to €547,416
- Short-term financial debts +€100,000
up €100,000 (+200.0%), from €50,000 to €150,000
- Debts after one year -€44,483
down €44,483 (-24.7%), from €180,220 to €135,737
- Reserves +€42,215
up €42,215 (+227.8%), from €18,534 to €60,749
- Gross operating margin +€184,954
up €184,954 (+99.7%), from €185,500 to €370,455
- Staff costs +€166,841
up €166,841 (+115.7%), from €144,187 to €311,028
- Financial income +€24,457
up €24,457 (+10783.2%), from €227 to €24,684
- Depreciation +€9,479
up €9,479 (+147.7%), from €6,417 to €15,896
- Financial charges +€6,498
up €6,498 (+83.5%), from €7,783 to €14,282
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 | €717,372 | €1,299,887 | +€582,515 | +81.2% |
| Formation expenses | 20 | €163 | €0 | -€163 | -100.0% |
| Fixed assets | 21/28 | €235,282 | €152,975 | -€82,307 | -35.0% |
| Intangible fixed assets | 21 | - | €2,040 | +€2,040 | |
| Tangible fixed assets | 22/27 | €57,782 | €50,935 | -€6,847 | -11.8% |
| Plant, machinery and equipment | 23 | €6,253 | €4,975 | -€1,279 | -20.4% |
| Furniture and vehicles | 24 | €51,529 | €45,961 | -€5,568 | -10.8% |
| Financial fixed assets | 28 | €177,500 | €100,000 | -€77,500 | -43.7% |
| Current assets | 29/58 | €481,927 | €1,146,912 | +€664,985 | +138.0% |
| Stocks and contracts in progress | 3 | €32,622 | €33,810 | +€1,188 | +3.6% |
| Stocks | 30/36 | €32,622 | €33,810 | +€1,188 | +3.6% |
| Amounts receivable within one year | 40/41 | €401,315 | €1,091,785 | +€690,470 | +172.1% |
| Trade receivables | 40 | €360,702 | €1,049,216 | +€688,514 | +190.9% |
| Other amounts receivable | 41 | €40,613 | €42,569 | +€1,956 | +4.8% |
| Cash at bank and in hand | 54/58 | €44,716 | €12,342 | -€32,374 | -72.4% |
| Deferred charges and accrued income | 490/1 | €3,273 | €8,975 | +€5,702 | +174.2% |
| Total equity and liabilities | 10/49 | €717,372 | €1,299,887 | +€582,515 | +81.2% |
| Equity | 10/15 | €23,534 | €65,749 | +€42,215 | +179.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,534 | €60,749 | +€42,215 | +227.8% |
| Distributable reserves | 133 | €18,534 | €60,749 | +€42,215 | +227.8% |
| Amounts payable | 17/49 | €693,838 | €1,234,138 | +€540,300 | +77.9% |
| Amounts payable after more than one year | 17 | €180,220 | €135,737 | -€44,483 | -24.7% |
| Financial debts | 170/4 | €180,220 | €135,737 | -€44,483 | -24.7% |
| Amounts payable within one year | 42/48 | €513,618 | €1,098,400 | +€584,782 | +113.9% |
| Current portion of amounts payable after more than one year | 42 | €42,805 | €44,483 | +€1,678 | +3.9% |
| Financial debts | 43 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Credit institutions | 430/8 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Trade debts | 44 | €320,363 | €547,416 | +€227,053 | +70.9% |
| Suppliers | 440/4 | €320,363 | €547,416 | +€227,053 | +70.9% |
| Taxes, remuneration and social security | 45 | €21,450 | €25,608 | +€4,158 | +19.4% |
| Taxes | 450/3 | €8,540 | €10,772 | +€2,232 | +26.1% |
| Remuneration and social security | 454/9 | €12,910 | €14,836 | +€1,926 | +14.9% |
| Other amounts payable | 47/48 | €79,000 | €330,894 | +€251,894 | +318.9% |
| Remuneration, social security and pensions | 62 | €144,187 | €311,028 | +€166,841 | +115.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,417 | €15,896 | +€9,479 | +147.7% |
| Other operating charges | 640/8 | €388 | €2,197 | +€1,809 | +466.1% |
| Gross operating margin | 9900 | €185,500 | €370,455 | +€184,954 | +99.7% |
| Operating profit (loss) | 9901 | €34,509 | €41,334 | +€6,825 | +19.8% |
| Financial income | 75/76B | €227 | €24,684 | +€24,457 | +10783.2% |
| Recurring financial income | 75 | €227 | €24,684 | +€24,457 | +10783.2% |
| Financial charges | 65/66B | €7,783 | €14,282 | +€6,498 | +83.5% |
| Recurring financial charges | 65 | €7,783 | €14,282 | +€6,498 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €26,952 | €51,737 | +€24,784 | +92.0% |
| Income taxes | 67/77 | €8,418 | €9,521 | +€1,103 | +13.1% |
| Profit (loss) for the period | 9904 | €18,534 | €42,215 | +€23,681 | +127.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,534 | €42,215 | +€23,681 | +127.8% |
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 11 October 2026 via checked.be.