BARTEC-BELGIUM: 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.
What changed
BARTEC-BELGIUM
NACE 27.120, Manufacture of electrical equipment
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€332,700
2025 · €555,053-€222,353
Equity
€2.3m
2025 · €2.0m+€332,700
Cash
€389,490
2025 · €1.3m-€896,458
Balance sheet total
€4.3m
2025 · €4.0m+€314,840
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+56.9%), from €2.0m to €3.2m
of which Other amounts receivable: +€1.6m
- Cash -€896,458
down €896,458 (-69.7%), from €1.3m to €389,490
mainly Receivables within one year (-€1.1m) and Tax, wage and social debts (-€103,938)
- Stocks and contracts +€84,440
up €84,440 (+20.0%), from €421,518 to €505,958
of which Stocks: +€76,077
Equity and liabilities
- Profit (loss) carried forward +€332,700
up €332,700 (+21.2%), from €1.6m to €1.9m
- Tax, wage and social debts -€103,938
down €103,938 (-23.9%), from €434,707 to €330,769
of which Taxes: -€104,646
- Trade debts +€69,479
up €69,479 (+4.9%), from €1.4m to €1.5m
- Debts after one year -€46,322
down €46,322 (-31.7%), from €146,344 to €100,021
Income statement
- Turnover -€1.0m
down €1.0m (-11.8%), from €8.7m to €7.6m
- Goods and materials -€859,676
down €859,676 (-13.9%), from €6.2m to €5.3m
of which Purchases: -€754,987
- Services and other goods +€130,925
up €130,925 (+31.3%), from €418,611 to €549,535
From the 2025 result to the 2026 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.
Result 2025
€555,053
Turnover
-€1.0m
Other operating income
+€7,532
Goods and materials
+€859,676
Services and other goods
-€130,925
Staff costs
-€38,127
Depreciation
-€1,491
Write-downs
+€9,036
Other operating charges
+€354
Other operating items
-€7,874
Financial income
+€29,166
Financial charges
-€1,141
Taxes
+€75,529
Result 2026
€332,700
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€809,671
Investment
-€59,950
Financing
-€26,836
Cash 2025
€1.3m
From operations (derived)
-€809,671
Net result for the year
+€332,700
Depreciation
+€81,000
Stocks and contracts
-€84,440
Receivables within one year
-€1.1m
Smaller working-capital items
+€1,718
Trade debts
+€69,479
Tax, wage and social debts
-€103,938
Advances received
+€42,571
Investment (derived)
-€59,950
Investment in fixed assets (net)
-€59,950
Financing
-€26,836
Debts after one year
-€46,322
Current portion of long-term debt
+€19,486
Cash 2026
€389,490
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,022,482 | €4,337,322 | +€314,840 | +7.8% |
| Fixed assets | 21/28 | €280,723 | €259,674 | -€21,050 | -7.5% |
| Tangible fixed assets | 22/27 | €280,723 | €259,674 | -€21,050 | -7.5% |
| Land and buildings | 22 | €38,091 | €37,973 | -€118 | -0.3% |
| Plant, machinery and equipment | 23 | €18,138 | €17,988 | -€150 | -0.8% |
| Furniture and vehicles | 24 | €4,358 | €5,063 | +€704 | +16.2% |
| Leasing and similar rights | 25 | €220,136 | €198,649 | -€21,487 | -9.8% |
| Current assets | 29/58 | €3,741,758 | €4,077,648 | +€335,890 | +9.0% |
| Stocks and contracts in progress | 3 | €421,518 | €505,958 | +€84,440 | +20.0% |
| Stocks | 30/36 | €411,303 | €487,380 | +€76,077 | +18.5% |
| Finished goods | 33 | €237 | €86 | -€151 | -63.8% |
| Goods purchased for resale | 34 | €411,066 | €487,294 | +€76,228 | +18.5% |
| Contracts in progress | 37 | €10,215 | €18,578 | +€8,363 | +81.9% |
| Amounts receivable within one year | 40/41 | €2,018,990 | €3,167,751 | +€1.1m | +56.9% |
| Trade receivables | 40 | €1,984,289 | €1,570,075 | -€414,215 | -20.9% |
| Other amounts receivable | 41 | €34,701 | €1,597,676 | +€1.6m | +4,504% |
| Cash at bank and in hand | 54/58 | €1,285,948 | €389,490 | -€896,458 | -69.7% |
| Deferred charges and accrued income | 490/1 | €15,303 | €14,449 | -€854 | -5.6% |
| Total equity and liabilities | 10/49 | €4,022,482 | €4,337,322 | +€314,840 | +7.8% |
| Equity | 10/15 | €1,953,326 | €2,286,026 | +€332,700 | +17.0% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Capital | 10 | €132,000 | €132,000 | = | 0.0% |
| Issued capital | 100 | €132,000 | €132,000 | = | 0.0% |
| Reserves | 13 | €253,731 | €253,731 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,200 | €13,200 | = | 0.0% |
| Legal reserve | 130 | €13,200 | €13,200 | = | 0.0% |
| Distributable reserves | 133 | €240,531 | €240,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,567,596 | €1,900,296 | +€332,700 | +21.2% |
| Amounts payable | 17/49 | €2,069,155 | €2,051,296 | -€17,859 | -0.9% |
| Amounts payable after more than one year | 17 | €146,344 | €100,021 | -€46,322 | -31.7% |
| Financial debts | 170/4 | €146,344 | €100,021 | -€46,322 | -31.7% |
| Leasing and similar obligations | 172 | €146,344 | €100,021 | -€46,322 | -31.7% |
| Amounts payable within one year | 42/48 | €1,916,334 | €1,943,933 | +€27,599 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €70,786 | €90,273 | +€19,486 | +27.5% |
| Trade debts | 44 | €1,409,885 | €1,479,365 | +€69,479 | +4.9% |
| Suppliers | 440/4 | €1,409,885 | €1,479,365 | +€69,479 | +4.9% |
| Advances received on contracts in progress | 46 | €956 | €43,527 | +€42,571 | +4,455% |
| Taxes, remuneration and social security | 45 | €434,707 | €330,769 | -€103,938 | -23.9% |
| Taxes | 450/3 | €163,245 | €58,598 | -€104,646 | -64.1% |
| Remuneration and social security | 454/9 | €271,462 | €272,170 | +€708 | +0.3% |
| Accrued charges and deferred income | 492/3 | €6,477 | €7,341 | +€864 | +13.3% |
| Operating income | 70/76A | €8,721,799 | €7,697,370 | -€1.0m | -11.7% |
| Turnover | 70 | €8,668,929 | €7,644,841 | -€1.0m | -11.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €5,554 | €8,212 | +€2,658 | +47.8% |
| Other operating income | 74 | €30,814 | €38,346 | +€7,532 | +24.4% |
| Non-recurring operating income | 76A | €16,502 | €5,971 | -€10,531 | -63.8% |
| Operating charges | 60/66A | €7,953,754 | €7,255,231 | -€698,523 | -8.8% |
| Goods for resale, raw materials and consumables | 60 | €6,175,215 | €5,315,539 | -€859,676 | -13.9% |
| Purchases | 600/8 | €6,146,754 | €5,391,767 | -€754,987 | -12.3% |
| Change in stocks: decrease (increase) | 609 | €28,460 | -€76,228 | -€104,689 | |
| Services and other goods | 61 | €418,611 | €549,535 | +€130,925 | +31.3% |
| Remuneration, social security and pensions | 62 | €1,247,707 | €1,285,834 | +€38,127 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,508 | €81,000 | +€1,491 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,389 | €3,352 | -€9,036 | -72.9% |
| Other operating charges | 640/8 | €20,324 | €19,971 | -€354 | -1.7% |
| Operating profit (loss) | 9901 | €768,046 | €442,139 | -€325,907 | -42.4% |
| Financial income | 75/76B | €1,254 | €30,420 | +€29,166 | +2,325% |
| Recurring financial income | 75 | €1,254 | €30,420 | +€29,166 | +2,325% |
| Other financial income | 752/9 | €1,254 | €30,420 | +€29,166 | +2,325% |
| Financial charges | 65/66B | €15,227 | €16,367 | +€1,141 | +7.5% |
| Recurring financial charges | 65 | €15,227 | €16,367 | +€1,141 | +7.5% |
| Debt charges | 650 | €8,555 | €7,176 | -€1,379 | -16.1% |
| Other financial charges | 652/9 | €6,672 | €9,191 | +€2,519 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €754,073 | €456,191 | -€297,881 | -39.5% |
| Income taxes | 67/77 | €199,020 | €123,492 | -€75,529 | -38.0% |
| Taxes | 670/3 | €199,020 | €123,492 | -€75,529 | -38.0% |
| Profit (loss) for the period | 9904 | €555,053 | €332,700 | -€222,353 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €555,053 | €332,700 | -€222,353 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.