BARTELS GD: 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.
BARTELS GD
Largest movements
- Receivables within one year -€282,416
down €282,416 (-55.5%), from €508,886 to €226,470
of which Other amounts receivable: -€234,995
- Current investments -€74,096
no longer reported in 2025 (was €74,096)
- Cash +€68,424
up €68,424 (+2800.8%), from €2,443 to €70,867
mainly Receivables within one year (+€282,416) and Current investments (+€74,096)
- Tangible fixed assets -€14,822
down €14,822 (-20.6%), from €72,052 to €57,230
of which Furniture and vehicles: -€13,439
- Other debts -€201,453
no longer reported in 2025 (was €201,453)
- Reserves -€101,281
down €101,281 (-21.7%), from €466,428 to €365,147
- Tax, wage and social debts -€9,005
down €9,005 (-93.5%), from €9,636 to €631
- Profit (loss) carried forward +€8,536
up €8,536 (+19.4%), from -€44,022 to -€35,486
- Gross operating margin +€91,128
up €91,128, from -€58,448 to €32,680
- Financial income -€36,387
down €36,387 (-96.3%), from €37,777 to €1,390
- Taxes +€5,974
up €5,974, from -€5,344 to €631
- Other operating charges -€2,649
down €2,649 (-22.7%), from €11,643 to €8,994
- Financial charges -€745
down €745 (-40.7%), from €1,832 to €1,087
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 | €662,387 | €360,198 | -€302,189 | -45.6% |
| Fixed assets | 21/28 | €72,461 | €57,230 | -€15,231 | -21.0% |
| Tangible fixed assets | 22/27 | €72,052 | €57,230 | -€14,822 | -20.6% |
| Land and buildings | 22 | €42,402 | €41,398 | -€1,004 | -2.4% |
| Plant, machinery and equipment | 23 | €630 | €252 | -€378 | -60.0% |
| Furniture and vehicles | 24 | €29,020 | €15,581 | -€13,439 | -46.3% |
| Financial fixed assets | 28 | €409 | - | -€409 | |
| Current assets | 29/58 | €589,926 | €302,968 | -€286,958 | -48.6% |
| Amounts receivable within one year | 40/41 | €508,886 | €226,470 | -€282,416 | -55.5% |
| Trade receivables | 40 | €57,969 | €10,549 | -€47,420 | -81.8% |
| Other amounts receivable | 41 | €450,917 | €215,922 | -€234,995 | -52.1% |
| Current investments | 50/53 | €74,096 | - | -€74,096 | |
| Cash at bank and in hand | 54/58 | €2,443 | €70,867 | +€68,424 | +2800.8% |
| Deferred charges and accrued income | 490/1 | €4,502 | €5,631 | +€1,129 | +25.1% |
| Total equity and liabilities | 10/49 | €662,387 | €360,198 | -€302,189 | -45.6% |
| Equity | 10/15 | €442,406 | €349,661 | -€92,745 | -21.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €466,428 | €365,147 | -€101,281 | -21.7% |
| Distributable reserves | 133 | €466,428 | €365,147 | -€101,281 | -21.7% |
| Profit (loss) carried forward | 14 | -€44,022 | -€35,486 | +€8,536 | +19.4% |
| Amounts payable | 17/49 | €219,982 | €10,537 | -€209,445 | -95.2% |
| Amounts payable within one year | 42/48 | €217,982 | €4,643 | -€213,339 | -97.9% |
| Trade debts | 44 | €6,863 | €4,012 | -€2,851 | -41.5% |
| Suppliers | 440/4 | €6,863 | €4,012 | -€2,851 | -41.5% |
| Advances received on contracts in progress | 46 | €30 | - | -€30 | |
| Taxes, remuneration and social security | 45 | €9,636 | €631 | -€9,005 | -93.5% |
| Taxes | 450/3 | €9,636 | €631 | -€9,005 | -93.5% |
| Other amounts payable | 47/48 | €201,453 | - | -€201,453 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €5,894 | +€3,894 | +194.7% |
| Non-recurring operating income | 76A | €6,539 | - | -€6,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,220 | €14,822 | -€398 | -2.6% |
| Other operating charges | 640/8 | €11,643 | €8,994 | -€2,649 | -22.7% |
| Gross operating margin | 9900 | -€58,448 | €32,680 | +€91,128 | |
| Operating profit (loss) | 9901 | -€85,311 | €8,864 | +€94,175 | |
| Financial income | 75/76B | €37,777 | €1,390 | -€36,387 | -96.3% |
| Recurring financial income | 75 | €37,777 | €1,390 | -€36,387 | -96.3% |
| Financial charges | 65/66B | €1,832 | €1,087 | -€745 | -40.7% |
| Recurring financial charges | 65 | €1,832 | €1,087 | -€745 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,366 | €9,167 | +€58,533 | |
| Income taxes | 67/77 | -€5,344 | €631 | +€5,974 | |
| Profit (loss) for the period | 9904 | -€44,022 | €8,536 | +€52,558 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,022 | €8,536 | +€52,558 |
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.