BarTho: 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.
BarTho
Largest movements
- Cash +€32,961
up €32,961 (+379%), from €8,694 to €41,654
mainly Net result for the year (+€60,136) and Other debts (+€36,420)
- Tangible fixed assets +€3,606
new in 2025: €3,606
- Other debts +€36,420
up €36,420 (+589%), from €6,183 to €42,603
- Debts after one year -€33,468
down €33,468 (-32.1%), from €104,374 to €70,907
- Reserves +€20,136
up €20,136 (+21.8%), from €92,183 to €112,319
- Tax, wage and social debts +€12,748
up €12,748 (+176%), from €7,242 to €19,990
of which Taxes: +€10,130
- Gross operating margin +€27,746
up €27,746 (+49.7%), from €55,841 to €83,587
- Taxes +€7,218
up €7,218 (+51.6%), from €13,987 to €21,205
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.
Derived cash bridge
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 | €249,694 | €286,084 | +€36,390 | +14.6% |
| Formation expenses | 20 | €361 | €182 | -€179 | -49.7% |
| Fixed assets | 21/28 | €229,680 | €233,286 | +€3,606 | +1.6% |
| Tangible fixed assets | 22/27 | - | €3,606 | +€3,606 | |
| Land and buildings | 22 | - | €3,606 | +€3,606 | |
| Financial fixed assets | 28 | €229,680 | €229,680 | = | 0.0% |
| Current assets | 29/58 | €19,653 | €52,616 | +€32,963 | +168% |
| Amounts receivable within one year | 40/41 | €10,890 | €10,890 | = | 0.0% |
| Trade receivables | 40 | €10,890 | €10,890 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,694 | €41,654 | +€32,961 | +379% |
| Deferred charges and accrued income | 490/1 | €70 | €72 | +€2 | +3.2% |
| Total equity and liabilities | 10/49 | €249,694 | €286,084 | +€36,390 | +14.6% |
| Equity | 10/15 | €95,183 | €115,319 | +€20,136 | +21.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,183 | €112,319 | +€20,136 | +21.8% |
| Distributable reserves | 133 | €92,183 | €112,319 | +€20,136 | +21.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €154,511 | €170,765 | +€16,254 | +10.5% |
| Amounts payable after more than one year | 17 | €104,374 | €70,907 | -€33,468 | -32.1% |
| Financial debts | 170/4 | €104,374 | €70,907 | -€33,468 | -32.1% |
| Amounts payable within one year | 42/48 | €50,137 | €99,859 | +€49,722 | +99.2% |
| Current portion of amounts payable after more than one year | 42 | €35,847 | €36,240 | +€393 | +1.1% |
| Trade debts | 44 | €864 | €1,025 | +€161 | +18.6% |
| Suppliers | 440/4 | €864 | €1,025 | +€161 | +18.6% |
| Taxes, remuneration and social security | 45 | €7,242 | €19,990 | +€12,748 | +176% |
| Taxes | 450/3 | €7,242 | €17,372 | +€10,130 | +140% |
| Remuneration and social security | 454/9 | €0 | €2,618 | +€2,618 | |
| Other amounts payable | 47/48 | €6,183 | €42,603 | +€36,420 | +589% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179 | €268 | +€89 | +49.6% |
| Other operating charges | 640/8 | €62 | €462 | +€400 | +645% |
| Gross operating margin | 9900 | €55,841 | €83,587 | +€27,746 | +49.7% |
| Operating profit (loss) | 9901 | €55,599 | €82,857 | +€27,258 | +49.0% |
| Financial charges | 65/66B | €1,826 | €1,516 | -€310 | -17.0% |
| Recurring financial charges | 65 | €1,826 | €1,516 | -€310 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €53,773 | €81,341 | +€27,568 | +51.3% |
| Income taxes | 67/77 | €13,987 | €21,205 | +€7,218 | +51.6% |
| Profit (loss) for the period | 9904 | €39,786 | €60,136 | +€20,350 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,786 | €60,136 | +€20,350 | +51.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.