BARTAN: 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.
BARTAN
Largest movements
- Receivables within one year +€13,878
up €13,878 (+286.5%), from €4,845 to €18,723
- Cash -€7,756
down €7,756 (-4.5%), from €173,899 to €166,144
mainly Receivables within one year (-€13,878) and Other debts (-€9,663)
- Reserves +€13,556
up €13,556 (+3.6%), from €374,126 to €387,682
of which Distributable reserves: +€13,556
- Other debts -€9,663
no longer reported in 2025 (was €9,663)
- Gross operating margin -€57,893
down €57,893 (-67.6%), from €85,699 to €27,806
- Taxes +€1,272
up €1,272 (+23.1%), from €5,513 to €6,785
- Financial income -€936
down €936 (-48.4%), from €1,934 to €998
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 | €464,284 | €469,533 | +€5,249 | +1.1% |
| Fixed assets | 21/28 | €285,541 | €284,667 | -€874 | -0.3% |
| Tangible fixed assets | 22/27 | €285,541 | €284,667 | -€874 | -0.3% |
| Land and buildings | 22 | €285,541 | €284,667 | -€874 | -0.3% |
| Current assets | 29/58 | €178,744 | €184,866 | +€6,123 | +3.4% |
| Amounts receivable within one year | 40/41 | €4,845 | €18,723 | +€13,878 | +286.5% |
| Other amounts receivable | 41 | €4,845 | €18,723 | +€13,878 | +286.5% |
| Cash at bank and in hand | 54/58 | €173,899 | €166,144 | -€7,756 | -4.5% |
| Total equity and liabilities | 10/49 | €464,284 | €469,533 | +€5,249 | +1.1% |
| Equity | 10/15 | €392,676 | €406,232 | +€13,556 | +3.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €374,126 | €387,682 | +€13,556 | +3.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €165,813 | €165,813 | = | 0.0% |
| Distributable reserves | 133 | €206,458 | €220,014 | +€13,556 | +6.6% |
| Provisions and deferred taxes | 16 | €55,271 | €55,271 | = | 0.0% |
| Deferred taxes | 168 | €55,271 | €55,271 | = | 0.0% |
| Amounts payable | 17/49 | €16,337 | €8,030 | -€8,307 | -50.8% |
| Amounts payable within one year | 42/48 | €16,337 | €8,030 | -€8,307 | -50.8% |
| Trade debts | 44 | €1,703 | €642 | -€1,061 | -62.3% |
| Suppliers | 440/4 | €1,703 | €642 | -€1,061 | -62.3% |
| Taxes, remuneration and social security | 45 | €4,971 | €7,388 | +€2,417 | +48.6% |
| Taxes | 450/3 | €4,971 | €7,388 | +€2,417 | +48.6% |
| Other amounts payable | 47/48 | €9,663 | - | -€9,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €874 | €874 | = | 0.0% |
| Other operating charges | 640/8 | €7,683 | €7,544 | -€139 | -1.8% |
| Gross operating margin | 9900 | €85,699 | €27,806 | -€57,893 | -67.6% |
| Operating profit (loss) | 9901 | €77,143 | €19,389 | -€57,754 | -74.9% |
| Financial income | 75/76B | €1,934 | €998 | -€936 | -48.4% |
| Recurring financial income | 75 | €1,934 | €998 | -€936 | -48.4% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €79,033 | €20,341 | -€58,691 | -74.3% |
| Transfer to deferred taxes | 680 | €15,424 | - | -€15,424 | |
| Income taxes | 67/77 | €5,513 | €6,785 | +€1,272 | +23.1% |
| Profit (loss) for the period | 9904 | €58,096 | €13,556 | -€44,540 | -76.7% |
| Transfer to tax-exempt reserves | 689 | €46,271 | - | -€46,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,825 | €13,556 | +€1,731 | +14.6% |
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 10 October 2026 via checked.be.