Bartel Van Riet: 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.
Bartel Van Riet
Largest movements
- Deferred charges and accrued income +€11,682
up €11,682 (+1,251%), from €934 to €12,616
- Tangible fixed assets -€11,553
down €11,553 (-6.3%), from €182,324 to €170,770
of which Plant, machinery and equipment: -€8,211
- Receivables within one year +€5,129
up €5,129 (+13.8%), from €37,226 to €42,355
of which Other amounts receivable: +€7,128
- Profit (loss) carried forward +€25,553
up €25,553 (+47.8%), from -€53,402 to -€27,850
- Debts after one year -€14,829
down €14,829 (-9.9%), from €150,296 to €135,467
- Tax, wage and social debts -€4,175
down €4,175 (-76.8%), from €5,437 to €1,262
- Trade debts -€3,088
down €3,088 (-35.9%), from €8,592 to €5,504
- Gross operating margin +€26,806
up €26,806 (+166%), from €16,191 to €42,998
- Depreciation -€4,547
down €4,547 (-25.2%), from €18,041 to €13,493
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,463 | €226,037 | +€4,574 | +2.1% |
| Fixed assets | 21/28 | €182,324 | €170,770 | -€11,553 | -6.3% |
| Tangible fixed assets | 22/27 | €182,324 | €170,770 | -€11,553 | -6.3% |
| Land and buildings | 22 | €163,172 | €158,040 | -€5,131 | -3.1% |
| Plant, machinery and equipment | 23 | €19,152 | €10,941 | -€8,211 | -42.9% |
| Furniture and vehicles | 24 | €0 | €1,789 | +€1,789 | |
| Current assets | 29/58 | €39,139 | €55,267 | +€16,128 | +41.2% |
| Amounts receivable within one year | 40/41 | €37,226 | €42,355 | +€5,129 | +13.8% |
| Trade receivables | 40 | €13,024 | €11,025 | -€1,999 | -15.3% |
| Other amounts receivable | 41 | €24,202 | €31,330 | +€7,128 | +29.5% |
| Cash at bank and in hand | 54/58 | €980 | €295 | -€684 | -69.8% |
| Deferred charges and accrued income | 490/1 | €934 | €12,616 | +€11,682 | +1,251% |
| Total equity and liabilities | 10/49 | €221,463 | €226,037 | +€4,574 | +2.1% |
| Equity | 10/15 | €24,828 | €50,380 | +€25,553 | +103% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,030 | €72,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €72,030 | €72,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,402 | -€27,850 | +€25,553 | +47.8% |
| Amounts payable | 17/49 | €196,635 | €175,657 | -€20,979 | -10.7% |
| Amounts payable after more than one year | 17 | €150,296 | €135,467 | -€14,829 | -9.9% |
| Financial debts | 170/4 | €150,296 | €135,467 | -€14,829 | -9.9% |
| Amounts payable within one year | 42/48 | €46,339 | €40,189 | -€6,150 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €14,608 | €14,829 | +€220 | +1.5% |
| Financial debts | 43 | €5,043 | €5,935 | +€893 | +17.7% |
| Credit institutions | 430/8 | €5,043 | €5,935 | +€893 | +17.7% |
| Trade debts | 44 | €8,592 | €5,504 | -€3,088 | -35.9% |
| Suppliers | 440/4 | €8,592 | €5,504 | -€3,088 | -35.9% |
| Taxes, remuneration and social security | 45 | €5,437 | €1,262 | -€4,175 | -76.8% |
| Taxes | 450/3 | €5,437 | €1,262 | -€4,175 | -76.8% |
| Other amounts payable | 47/48 | €12,659 | €12,659 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,041 | €13,493 | -€4,547 | -25.2% |
| Other operating charges | 640/8 | €654 | €706 | +€52 | +8.0% |
| Gross operating margin | 9900 | €16,191 | €42,998 | +€26,806 | +166% |
| Operating profit (loss) | 9901 | -€2,503 | €28,798 | +€31,302 | |
| Financial income | 75/76B | €3 | €2 | -€0 | -13.3% |
| Recurring financial income | 75 | €3 | €2 | -€0 | -13.3% |
| Financial charges | 65/66B | €3,423 | €3,248 | -€175 | -5.1% |
| Recurring financial charges | 65 | €3,423 | €3,248 | -€175 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,924 | €25,553 | +€31,477 | |
| Profit (loss) for the period | 9904 | -€5,924 | €25,553 | +€31,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,924 | €25,553 | +€31,477 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.