BARTHO & CO: 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 & CO
Largest movements
- Tangible fixed assets +€97,252
up €97,252 (+240%), from €40,438 to €137,691
of which Furniture and vehicles: +€94,053
- Current investments -€40,000
no longer reported in 2026 (was €40,000)
- Cash +€22,531
up €22,531 (+12.5%), from €180,252 to €202,784
mainly Net result for the year (+€108,787) and Current investments (+€40,000)
- Reserves +€60,234
up €60,234 (+16.6%), from €362,232 to €422,466
- Tax, wage and social debts +€22,610
up €22,610 (+114%), from €19,794 to €42,404
of which Taxes: +€22,273
- Debts after one year -€6,189
down €6,189 (-57.2%), from €10,829 to €4,640
- Gross operating margin +€98,494
up €98,494 (+75.8%), from €129,965 to €228,460
- Taxes +€28,445
up €28,445 (+130%), from €21,837 to €50,281
- Financial income -€7,412
down €7,412 (-58.4%), from €12,686 to €5,275
- Staff costs +€5,912
up €5,912 (+13.1%), from €45,226 to €51,138
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,986 | €498,028 | +€78,042 | +18.6% |
| Fixed assets | 21/28 | €40,438 | €137,691 | +€97,252 | +240% |
| Tangible fixed assets | 22/27 | €40,438 | €137,691 | +€97,252 | +240% |
| Land and buildings | 22 | €2,400 | €2,400 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,025 | €7,225 | +€3,200 | +79.5% |
| Furniture and vehicles | 24 | €34,013 | €128,066 | +€94,053 | +277% |
| Current assets | 29/58 | €379,547 | €360,337 | -€19,210 | -5.1% |
| Amounts receivable within one year | 40/41 | €156,477 | €154,380 | -€2,097 | -1.3% |
| Trade receivables | 40 | €21,573 | €61,684 | +€40,111 | +186% |
| Other amounts receivable | 41 | €134,904 | €92,696 | -€42,208 | -31.3% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €180,252 | €202,784 | +€22,531 | +12.5% |
| Deferred charges and accrued income | 490/1 | €2,818 | €3,173 | +€355 | +12.6% |
| Total equity and liabilities | 10/49 | €419,986 | €498,028 | +€78,042 | +18.6% |
| Equity | 10/15 | €380,832 | €441,066 | +€60,234 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €362,232 | €422,466 | +€60,234 | +16.6% |
| Distributable reserves | 133 | €362,232 | €422,466 | +€60,234 | +16.6% |
| Amounts payable | 17/49 | €39,153 | €56,962 | +€17,808 | +45.5% |
| Amounts payable after more than one year | 17 | €10,829 | €4,640 | -€6,189 | -57.2% |
| Financial debts | 170/4 | €10,829 | €4,640 | -€6,189 | -57.2% |
| Amounts payable within one year | 42/48 | €27,780 | €51,248 | +€23,469 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €5,938 | €6,188 | +€250 | +4.2% |
| Trade debts | 44 | €1,793 | €901 | -€892 | -49.8% |
| Suppliers | 440/4 | €1,793 | €901 | -€892 | -49.8% |
| Taxes, remuneration and social security | 45 | €19,794 | €42,404 | +€22,610 | +114% |
| Taxes | 450/3 | €12,861 | €35,134 | +€22,273 | +173% |
| Remuneration and social security | 454/9 | €6,933 | €7,270 | +€337 | +4.9% |
| Other amounts payable | 47/48 | €254 | €1,754 | +€1,501 | +591% |
| Accrued charges and deferred income | 492/3 | €545 | €1,074 | +€529 | +97.0% |
| Non-recurring operating income | 76A | €5,213 | - | -€5,213 | |
| Remuneration, social security and pensions | 62 | €45,226 | €51,138 | +€5,912 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,890 | €19,612 | -€2,278 | -10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,186 | +€2,186 | |
| Other operating charges | 640/8 | €1,620 | €907 | -€712 | -44.0% |
| Gross operating margin | 9900 | €129,965 | €228,460 | +€98,494 | +75.8% |
| Operating profit (loss) | 9901 | €61,229 | €154,616 | +€93,387 | +153% |
| Financial income | 75/76B | €12,686 | €5,275 | -€7,412 | -58.4% |
| Recurring financial income | 75 | €12,686 | €5,275 | -€7,412 | -58.4% |
| Financial charges | 65/66B | €956 | €823 | -€133 | -13.9% |
| Recurring financial charges | 65 | €956 | €823 | -€133 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €72,959 | €159,068 | +€86,108 | +118% |
| Income taxes | 67/77 | €21,837 | €50,281 | +€28,445 | +130% |
| Profit (loss) for the period | 9904 | €51,123 | €108,787 | +€57,664 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €51,123 | €108,787 | +€57,664 | +113% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.