BARTHO TECHNIQUE: 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 TECHNIQUE
Largest movements
- Tangible fixed assets +€59,069
up €59,069 (+96.5%), from €61,206 to €120,275
of which Furniture and vehicles: +€59,543
- Receivables within one year +€25,588
up €25,588 (+41.4%), from €61,799 to €87,388
of which Trade receivables: +€16,132
- Cash +€8,205
up €8,205 (+61.1%), from €13,438 to €21,643
mainly Debts after one year (+€56,009) and Depreciation (+€28,544)
- Stocks and contracts +€5,005
new in 2025: €5,005
- Debts after one year +€56,009
up €56,009 (+332.8%), from €16,830 to €72,839
- Reserves +€24,200
up €24,200 (+49.9%), from €48,500 to €72,700
- Current portion of long-term debt +€14,187
up €14,187 (+69.5%), from €20,417 to €34,605
- Other debts +€12,050
up €12,050 (+327.9%), from €3,675 to €15,725
- Trade debts -€8,612
down €8,612 (-53.3%), from €16,156 to €7,545
- Depreciation +€9,530
up €9,530 (+50.1%), from €19,014 to €28,544
- Taxes -€2,807
down €2,807 (-23.9%), from €11,762 to €8,955
- Gross operating margin +€2,739
up €2,739 (+4.3%), from €63,966 to €66,706
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 | €136,443 | €234,310 | +€97,867 | +71.7% |
| Fixed assets | 21/28 | €61,206 | €120,275 | +€59,069 | +96.5% |
| Tangible fixed assets | 22/27 | €61,206 | €120,275 | +€59,069 | +96.5% |
| Plant, machinery and equipment | 23 | €2,279 | €1,805 | -€474 | -20.8% |
| Furniture and vehicles | 24 | €58,927 | €118,470 | +€59,543 | +101.0% |
| Current assets | 29/58 | €75,237 | €114,035 | +€38,798 | +51.6% |
| Stocks and contracts in progress | 3 | - | €5,005 | +€5,005 | |
| Stocks | 30/36 | - | €5,005 | +€5,005 | |
| Amounts receivable within one year | 40/41 | €61,799 | €87,388 | +€25,588 | +41.4% |
| Trade receivables | 40 | €60,616 | €76,748 | +€16,132 | +26.6% |
| Other amounts receivable | 41 | €1,183 | €10,640 | +€9,457 | +799.2% |
| Cash at bank and in hand | 54/58 | €13,438 | €21,643 | +€8,205 | +61.1% |
| Total equity and liabilities | 10/49 | €136,443 | €234,310 | +€97,867 | +71.7% |
| Equity | 10/15 | €70,047 | €94,308 | +€24,261 | +34.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €48,500 | €72,700 | +€24,200 | +49.9% |
| Distributable reserves | 133 | €48,500 | €72,700 | +€24,200 | +49.9% |
| Profit (loss) carried forward | 14 | €18,047 | €18,108 | +€61 | +0.3% |
| Amounts payable | 17/49 | €66,396 | €140,002 | +€73,606 | +110.9% |
| Amounts payable after more than one year | 17 | €16,830 | €72,839 | +€56,009 | +332.8% |
| Financial debts | 170/4 | €16,830 | €72,839 | +€56,009 | +332.8% |
| Amounts payable within one year | 42/48 | €49,566 | €67,163 | +€17,597 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | €20,417 | €34,605 | +€14,187 | +69.5% |
| Trade debts | 44 | €16,156 | €7,545 | -€8,612 | -53.3% |
| Suppliers | 440/4 | €16,156 | €7,545 | -€8,612 | -53.3% |
| Taxes, remuneration and social security | 45 | €9,317 | €9,289 | -€28 | -0.3% |
| Taxes | 450/3 | €9,317 | €9,289 | -€28 | -0.3% |
| Other amounts payable | 47/48 | €3,675 | €15,725 | +€12,050 | +327.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,014 | €28,544 | +€9,530 | +50.1% |
| Other operating charges | 640/8 | €310 | €393 | +€83 | +26.9% |
| Gross operating margin | 9900 | €63,966 | €66,706 | +€2,739 | +4.3% |
| Operating profit (loss) | 9901 | €44,642 | €37,768 | -€6,874 | -15.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,520 | €3,719 | +€199 | +5.6% |
| Recurring financial charges | 65 | €3,520 | €3,719 | +€199 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €41,122 | €34,050 | -€7,072 | -17.2% |
| Income taxes | 67/77 | €11,762 | €8,955 | -€2,807 | -23.9% |
| Profit (loss) for the period | 9904 | €29,360 | €25,094 | -€4,266 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,360 | €25,094 | -€4,266 | -14.5% |
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 11 October 2026 via checked.be.