BARTHO CONCEPT: 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 CONCEPT
Largest movements
- Cash +€43,538
up €43,538 (+997%), from €4,368 to €47,906
mainly Depreciation (+€23,302) and Receivables within one year (+€23,078)
- Receivables within one year -€23,078
down €23,078 (-87.5%), from €26,369 to €3,291
of which Trade receivables: -€22,293
- Tangible fixed assets -€22,871
down €22,871 (-46.0%), from €49,727 to €26,856
of which Furniture and vehicles: -€13,582
- Profit (loss) carried forward +€12,383
up €12,383 (+1,081%), from €1,146 to €13,529
- Debts after one year -€7,547
down €7,547 (-53.6%), from €14,083 to €6,536
- Current portion of long-term debt -€7,014
down €7,014 (-48.2%), from €14,562 to €7,547
- Gross operating margin +€9,004
up €9,004 (+30.1%), from €29,912 to €38,916
- Depreciation -€3,280
down €3,280 (-12.3%), from €26,582 to €23,302
- Other operating charges +€857
up €857 (+69.9%), from €1,225 to €2,081
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 | €81,191 | €79,200 | -€1,992 | -2.5% |
| Fixed assets | 21/28 | €49,727 | €26,856 | -€22,871 | -46.0% |
| Tangible fixed assets | 22/27 | €49,727 | €26,856 | -€22,871 | -46.0% |
| Land and buildings | 22 | €124 | €0 | -€123 | -99.6% |
| Plant, machinery and equipment | 23 | €9,707 | €1,025 | -€8,682 | -89.4% |
| Furniture and vehicles | 24 | €38,928 | €25,346 | -€13,582 | -34.9% |
| Other tangible fixed assets | 26 | €968 | €484 | -€484 | -50.0% |
| Current assets | 29/58 | €31,464 | €52,343 | +€20,879 | +66.4% |
| Stocks and contracts in progress | 3 | €330 | - | -€330 | |
| Stocks | 30/36 | €330 | - | -€330 | |
| Amounts receivable within one year | 40/41 | €26,369 | €3,291 | -€23,078 | -87.5% |
| Trade receivables | 40 | €25,584 | €3,291 | -€22,293 | -87.1% |
| Other amounts receivable | 41 | €785 | - | -€785 | |
| Cash at bank and in hand | 54/58 | €4,368 | €47,906 | +€43,538 | +997% |
| Deferred charges and accrued income | 490/1 | €398 | €1,146 | +€749 | +188% |
| Total equity and liabilities | 10/49 | €81,191 | €79,200 | -€1,992 | -2.5% |
| Equity | 10/15 | €39,206 | €51,589 | +€12,383 | +31.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Distributable reserves | 133 | €31,860 | €31,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,146 | €13,529 | +€12,383 | +1,081% |
| Amounts payable | 17/49 | €41,985 | €27,611 | -€14,375 | -34.2% |
| Amounts payable after more than one year | 17 | €14,083 | €6,536 | -€7,547 | -53.6% |
| Financial debts | 170/4 | €14,083 | €6,536 | -€7,547 | -53.6% |
| Amounts payable within one year | 42/48 | €27,836 | €21,008 | -€6,829 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €14,562 | €7,547 | -€7,014 | -48.2% |
| Trade debts | 44 | €1,912 | €1,817 | -€95 | -5.0% |
| Suppliers | 440/4 | €1,912 | €1,817 | -€95 | -5.0% |
| Taxes, remuneration and social security | 45 | €7,220 | €7,064 | -€156 | -2.2% |
| Taxes | 450/3 | €7,220 | €5,064 | -€2,156 | -29.9% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €4,143 | €4,580 | +€437 | +10.6% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,582 | €23,302 | -€3,280 | -12.3% |
| Other operating charges | 640/8 | €1,225 | €2,081 | +€857 | +69.9% |
| Gross operating margin | 9900 | €29,912 | €38,916 | +€9,004 | +30.1% |
| Operating profit (loss) | 9901 | €2,105 | €13,532 | +€11,428 | +543% |
| Financial charges | 65/66B | €1,530 | €1,152 | -€378 | -24.7% |
| Recurring financial charges | 65 | €1,530 | €1,152 | -€378 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €574 | €12,380 | +€11,806 | +2,055% |
| Income taxes | 67/77 | €213 | -€3 | -€216 | |
| Profit (loss) for the period | 9904 | €361 | €12,383 | +€12,022 | +3,329% |
| Profit (loss) for the period to be appropriated | 9905 | €361 | €12,383 | +€12,022 | +3,329% |
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.