Barta Invest: what changed
What changed
Barta Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€83,700
2024 · €103,510-€19,810
Equity
€910,549
2024 · €826,849+€83,700
Cash
€8,221
2024 · €13,234-€5,013
Balance sheet total
€3.1m
2024 · €1.8m+€1.3m
Largest movements
Assets
- Stocks and contracts +€1.1m
new in 2025: €1.1m
- Receivables within one year +€286,290
up €286,290 (+87.9%), from €325,669 to €611,960
of which Other amounts receivable: +€154,140
- Tangible fixed assets -€98,975
down €98,975 (-100%), from €98,975 to €0
Equity and liabilities
- Debts after one year +€663,332
up €663,332 (+142%), from €465,815 to €1.1m
- Other debts +€304,708
up €304,708 (+77.5%), from €393,125 to €697,833
- Trade debts +€260,126
up €260,126 (+167,262%), from €156 to €260,281
- Reserves +€83,700
up €83,700 (+10.1%), from €825,849 to €909,549
Income statement
- Financial charges +€38,189
up €38,189 (+152%), from €25,106 to €63,295
- Depreciation -€27,000
down €27,000 (-100%), from €27,000 to €0
- Financial income -€9,185
down €9,185 (-100%), from €9,185 to €0
- Taxes -€5,164
down €5,164 (-18.5%), from €27,944 to €22,781
- Other operating charges +€3,652
up €3,652 (+7,303%), from €50 to €3,702
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€103,510
Gross operating margin
-€948
Depreciation
+€27,000
Other operating charges
-€3,652
Financial income
-€9,185
Financial charges
-€38,189
Taxes
+€5,164
Result 2025
€83,700
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€773,585
Investment
+€98,975
Financing
+€669,596
Cash 2024
€13,234
From operations (derived)
-€773,585
Net result for the year
+€83,700
Stocks and contracts
-€1.1m
Receivables within one year
-€286,290
Deferred charges and accrued income
+€6,864
Trade debts
+€260,126
Tax, wage and social debts
-€23,762
Other debts
+€304,708
Investment (derived)
+€98,975
Investment in fixed assets (net)
+€98,975
Financing
+€669,596
Debts after one year
+€663,332
Current portion of long-term debt
+€2,098
Short-term financial debts
+€4,167
Cash 2025
€8,221
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,823,270 | €3,117,638 | +€1.3m | +71.0% |
| Fixed assets | 21/28 | €1,477,275 | €1,378,300 | -€98,975 | -6.7% |
| Tangible fixed assets | 22/27 | €98,975 | €0 | -€98,975 | -100% |
| Furniture and vehicles | 24 | €98,975 | €0 | -€98,975 | -100% |
| Financial fixed assets | 28 | €1,378,300 | €1,378,300 | = | 0.0% |
| Current assets | 29/58 | €345,994 | €1,739,338 | +€1.4m | +403% |
| Stocks and contracts in progress | 3 | - | €1,118,931 | +€1.1m | |
| Stocks | 30/36 | - | €1,118,931 | +€1.1m | |
| Amounts receivable within one year | 40/41 | €325,669 | €611,960 | +€286,290 | +87.9% |
| Trade receivables | 40 | €106,480 | €238,630 | +€132,150 | +124% |
| Other amounts receivable | 41 | €219,189 | €373,330 | +€154,140 | +70.3% |
| Cash at bank and in hand | 54/58 | €13,234 | €8,221 | -€5,013 | -37.9% |
| Deferred charges and accrued income | 490/1 | €7,091 | €227 | -€6,864 | -96.8% |
| Total equity and liabilities | 10/49 | €1,823,270 | €3,117,638 | +€1.3m | +71.0% |
| Equity | 10/15 | €826,849 | €910,549 | +€83,700 | +10.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €825,849 | €909,549 | +€83,700 | +10.1% |
| Distributable reserves | 133 | €825,849 | €909,549 | +€83,700 | +10.1% |
| Amounts payable | 17/49 | €996,420 | €2,207,089 | +€1.2m | +122% |
| Amounts payable after more than one year | 17 | €465,815 | €1,129,146 | +€663,332 | +142% |
| Financial debts | 170/4 | €465,815 | €1,129,146 | +€663,332 | +142% |
| Amounts payable within one year | 42/48 | €530,605 | €1,077,943 | +€547,337 | +103% |
| Current portion of amounts payable after more than one year | 42 | €101,070 | €103,168 | +€2,098 | +2.1% |
| Financial debts | 43 | - | €4,167 | +€4,167 | |
| Credit institutions | 430/8 | - | €4,167 | +€4,167 | |
| Trade debts | 44 | €156 | €260,281 | +€260,126 | +167,262% |
| Suppliers | 440/4 | €156 | €260,281 | +€260,126 | +167,262% |
| Taxes, remuneration and social security | 45 | €36,255 | €12,493 | -€23,762 | -65.5% |
| Taxes | 450/3 | €36,255 | €12,493 | -€23,762 | -65.5% |
| Other amounts payable | 47/48 | €393,125 | €697,833 | +€304,708 | +77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,000 | €0 | -€27,000 | -100% |
| Other operating charges | 640/8 | €50 | €3,702 | +€3,652 | +7,303% |
| Gross operating margin | 9900 | €174,426 | €173,477 | -€948 | -0.5% |
| Operating profit (loss) | 9901 | €147,376 | €169,776 | +€22,400 | +15.2% |
| Financial income | 75/76B | €9,185 | €0 | -€9,185 | -100% |
| Recurring financial income | 75 | €9,185 | €0 | -€9,185 | -100% |
| Financial charges | 65/66B | €25,106 | €63,295 | +€38,189 | +152% |
| Recurring financial charges | 65 | €25,106 | €63,295 | +€38,189 | +152% |
| Profit (loss) for the period before taxes | 9903 | €131,454 | €106,481 | -€24,974 | -19.0% |
| Income taxes | 67/77 | €27,944 | €22,781 | -€5,164 | -18.5% |
| Profit (loss) for the period | 9904 | €103,510 | €83,700 | -€19,810 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €103,510 | €83,700 | -€19,810 | -19.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.