Bartelen - Besters: 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.
Bartelen - Besters
Largest movements
- Cash +€76,590
up €76,590 (+56.3%), from €136,083 to €212,672
mainly Net result for the year (+€105,787) and Deferred charges and accrued income (+€9,838)
- Receivables within one year +€11,189
up €11,189 (+10.7%), from €104,235 to €115,424
of which Other amounts receivable: +€11,112
- Reserves +€105,787
up €105,787 (+17.0%), from €623,927 to €729,714
- Debts after one year -€21,875
down €21,875 (-39.6%), from €55,269 to €33,393
- Tax, wage and social debts -€11,196
down €11,196 (-94.1%), from €11,899 to €703
- Financial income -€58,198
down €58,198 (-91.4%), from €63,673 to €5,475
- Gross operating margin -€27,068
down €27,068 (-14.8%), from €183,234 to €156,166
- Financial charges -€23,686
down €23,686 (-87.3%), from €27,117 to €3,432
- Taxes -€18,764
down €18,764 (-31.5%), from €59,524 to €40,760
- Other operating charges +€2,061
up €2,061 (+279.4%), from €738 to €2,799
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 | €975,069 | €1,045,244 | +€70,175 | +7.2% |
| Fixed assets | 21/28 | €684,225 | €676,459 | -€7,765 | -1.1% |
| Tangible fixed assets | 22/27 | €39,244 | €31,478 | -€7,765 | -19.8% |
| Land and buildings | 22 | €6,479 | €6,479 | = | 0.0% |
| Furniture and vehicles | 24 | €32,764 | €24,999 | -€7,765 | -23.7% |
| Financial fixed assets | 28 | €644,981 | €644,981 | = | 0.0% |
| Current assets | 29/58 | €290,844 | €368,785 | +€77,941 | +26.8% |
| Amounts receivable within one year | 40/41 | €104,235 | €115,424 | +€11,189 | +10.7% |
| Trade receivables | 40 | - | €77 | +€77 | |
| Other amounts receivable | 41 | €104,235 | €115,348 | +€11,112 | +10.7% |
| Current investments | 50/53 | €39,271 | €39,271 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €136,083 | €212,672 | +€76,590 | +56.3% |
| Deferred charges and accrued income | 490/1 | €11,255 | €1,417 | -€9,838 | -87.4% |
| Total equity and liabilities | 10/49 | €975,069 | €1,045,244 | +€70,175 | +7.2% |
| Equity | 10/15 | €848,996 | €954,783 | +€105,787 | +12.5% |
| Contributions | 10/11 | €225,069 | €225,069 | = | 0.0% |
| Reserves | 13 | €623,927 | €729,714 | +€105,787 | +17.0% |
| Distributable reserves | 133 | €623,927 | €729,714 | +€105,787 | +17.0% |
| Amounts payable | 17/49 | €126,073 | €90,461 | -€35,611 | -28.2% |
| Amounts payable after more than one year | 17 | €55,269 | €33,393 | -€21,875 | -39.6% |
| Financial debts | 170/4 | €55,269 | €33,393 | -€21,875 | -39.6% |
| Amounts payable within one year | 42/48 | €70,804 | €57,068 | -€13,736 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €23,471 | €21,875 | -€1,596 | -6.8% |
| Trade debts | 44 | €2,402 | - | -€2,402 | |
| Suppliers | 440/4 | €2,402 | - | -€2,402 | |
| Taxes, remuneration and social security | 45 | €11,899 | €703 | -€11,196 | -94.1% |
| Taxes | 450/3 | €11,899 | €703 | -€11,196 | -94.1% |
| Other amounts payable | 47/48 | €33,032 | €34,490 | +€1,458 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,596 | €8,864 | +€268 | +3.1% |
| Other operating charges | 640/8 | €738 | €2,799 | +€2,061 | +279.4% |
| Gross operating margin | 9900 | €183,234 | €156,166 | -€27,068 | -14.8% |
| Operating profit (loss) | 9901 | €173,901 | €144,504 | -€29,397 | -16.9% |
| Financial income | 75/76B | €63,673 | €5,475 | -€58,198 | -91.4% |
| Recurring financial income | 75 | €63,673 | €5,475 | -€58,198 | -91.4% |
| Financial charges | 65/66B | €27,117 | €3,432 | -€23,686 | -87.3% |
| Recurring financial charges | 65 | €27,117 | €3,432 | -€23,686 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €210,456 | €146,546 | -€63,910 | -30.4% |
| Income taxes | 67/77 | €59,524 | €40,760 | -€18,764 | -31.5% |
| Profit (loss) for the period | 9904 | €150,932 | €105,787 | -€45,146 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,932 | €105,787 | -€45,146 | -29.9% |
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 8 October 2026 via checked.be.