BARTDA: what changed
Two fiscal 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.
BARTDA
Largest movements
- Tangible fixed assets -€29,525
down €29,525 (-4.2%), from €704,776 to €675,251
of which Land and buildings: -€28,850
- Cash +€11,837
up €11,837 (+32.1%), from €36,837 to €48,674
mainly Depreciation (+€29,525) and Current portion of long-term debt (+€744)
- Debts after one year -€15,123
down €15,123 (-45.1%), from €33,520 to €18,397
- Gross operating margin -€3,416
down €3,416 (-8.6%), from €39,858 to €36,443
- Depreciation -€856
down €856 (-2.8%), from €30,381 to €29,525
- Financial charges -€697
down €697 (-23.5%), from €2,965 to €2,268
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 | €741,612 | €723,925 | -€17,688 | -2.4% |
| Fixed assets | 21/28 | €704,776 | €675,251 | -€29,525 | -4.2% |
| Tangible fixed assets | 22/27 | €704,776 | €675,251 | -€29,525 | -4.2% |
| Land and buildings | 22 | €703,132 | €674,282 | -€28,850 | -4.1% |
| Plant, machinery and equipment | 23 | €1,375 | €919 | -€455 | -33.1% |
| Furniture and vehicles | 24 | €269 | €49 | -€220 | -81.7% |
| Current assets | 29/58 | €36,837 | €48,674 | +€11,837 | +32.1% |
| Cash at bank and in hand | 54/58 | €36,837 | €48,674 | +€11,837 | +32.1% |
| Total equity and liabilities | 10/49 | €741,612 | €723,925 | -€17,688 | -2.4% |
| Equity | 10/15 | €527,285 | €528,026 | +€742 | +0.1% |
| Contributions | 10/11 | €590,000 | €590,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,715 | -€61,974 | +€742 | +1.2% |
| Amounts payable | 17/49 | €214,328 | €195,898 | -€18,429 | -8.6% |
| Amounts payable after more than one year | 17 | €33,520 | €18,397 | -€15,123 | -45.1% |
| Financial debts | 170/4 | €33,520 | €18,397 | -€15,123 | -45.1% |
| Amounts payable within one year | 42/48 | €180,807 | €177,501 | -€3,306 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €14,379 | €15,123 | +€744 | +5.2% |
| Trade debts | 44 | €1,577 | €528 | -€1,050 | -66.5% |
| Suppliers | 440/4 | €1,577 | €528 | -€1,050 | -66.5% |
| Other amounts payable | 47/48 | €164,850 | €161,850 | -€3,000 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,381 | €29,525 | -€856 | -2.8% |
| Other operating charges | 640/8 | €3,791 | €3,908 | +€117 | +3.1% |
| Gross operating margin | 9900 | €39,858 | €36,443 | -€3,416 | -8.6% |
| Operating profit (loss) | 9901 | €5,686 | €3,010 | -€2,676 | -47.1% |
| Financial charges | 65/66B | €2,965 | €2,268 | -€697 | -23.5% |
| Recurring financial charges | 65 | €2,965 | €2,268 | -€697 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €2,721 | €742 | -€1,980 | -72.7% |
| Profit (loss) for the period | 9904 | €2,721 | €742 | -€1,980 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,721 | €742 | -€1,980 | -72.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.