BARTEAU: 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.
BARTEAU
Largest movements
- Cash +€76,521
up €76,521 (+262.4%), from €29,160 to €105,681
mainly Net result for the year (+€77,433) and Tax, wage and social debts (+€15,812)
- Tangible fixed assets +€18,283
up €18,283 (+711.1%), from €2,571 to €20,855
of which Plant, machinery and equipment: +€18,938
- Receivables within one year +€10,118
up €10,118 (+37.8%), from €26,773 to €36,892
- Profit (loss) carried forward +€77,433
up €77,433 (+299.4%), from €25,861 to €103,294
- Tax, wage and social debts +€15,812
up €15,812 (+85.3%), from €18,534 to €34,346
of which Taxes: +€18,608
- Trade debts +€10,307
up €10,307 (+120.3%), from €8,569 to €18,876
- Other debts +€1,658
up €1,658 (+110.7%), from €1,498 to €3,156
- Gross operating margin +€70,641
up €70,641 (+207.6%), from €34,024 to €104,665
- Taxes +€13,741
up €13,741 (+205.8%), from €6,678 to €20,419
- Financial charges +€4,477
up €4,477 (+323.0%), from €1,386 to €5,864
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 | €59,661 | €164,671 | +€105,010 | +176.0% |
| Fixed assets | 21/28 | €2,571 | €20,855 | +€18,283 | +711.1% |
| Tangible fixed assets | 22/27 | €2,571 | €20,855 | +€18,283 | +711.1% |
| Plant, machinery and equipment | 23 | - | €18,938 | +€18,938 | |
| Furniture and vehicles | 24 | €2,571 | €1,916 | -€655 | -25.5% |
| Current assets | 29/58 | €57,089 | €143,816 | +€86,727 | +151.9% |
| Amounts receivable within one year | 40/41 | €26,773 | €36,892 | +€10,118 | +37.8% |
| Trade receivables | 40 | €26,773 | €36,892 | +€10,118 | +37.8% |
| Cash at bank and in hand | 54/58 | €29,160 | €105,681 | +€76,521 | +262.4% |
| Deferred charges and accrued income | 490/1 | €1,156 | €1,243 | +€87 | +7.5% |
| Total equity and liabilities | 10/49 | €59,661 | €164,671 | +€105,010 | +176.0% |
| Equity | 10/15 | €30,861 | €108,294 | +€77,433 | +250.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,861 | €103,294 | +€77,433 | +299.4% |
| Amounts payable | 17/49 | €28,800 | €56,377 | +€27,577 | +95.8% |
| Amounts payable within one year | 42/48 | €28,600 | €56,377 | +€27,777 | +97.1% |
| Trade debts | 44 | €8,569 | €18,876 | +€10,307 | +120.3% |
| Suppliers | 440/4 | €8,569 | €18,876 | +€10,307 | +120.3% |
| Taxes, remuneration and social security | 45 | €18,534 | €34,346 | +€15,812 | +85.3% |
| Taxes | 450/3 | €15,738 | €34,346 | +€18,608 | +118.2% |
| Remuneration and social security | 454/9 | €2,796 | €0 | -€2,796 | -100.0% |
| Other amounts payable | 47/48 | €1,498 | €3,156 | +€1,658 | +110.7% |
| Accrued charges and deferred income | 492/3 | €200 | €0 | -€200 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49 | €950 | +€901 | +1854.7% |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | €34,024 | €104,665 | +€70,641 | +207.6% |
| Operating profit (loss) | 9901 | €33,925 | €103,716 | +€69,790 | +205.7% |
| Financial charges | 65/66B | €1,386 | €5,864 | +€4,477 | +323.0% |
| Recurring financial charges | 65 | €1,386 | €5,864 | +€4,477 | +323.0% |
| Profit (loss) for the period before taxes | 9903 | €32,539 | €97,852 | +€65,313 | +200.7% |
| Income taxes | 67/77 | €6,678 | €20,419 | +€13,741 | +205.8% |
| Profit (loss) for the period | 9904 | €25,861 | €77,433 | +€51,572 | +199.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,861 | €77,433 | +€51,572 | +199.4% |
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 5 October 2026 via checked.be.