BARTIER: 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.
BARTIER
Largest movements
- Stocks and contracts +€169,629
up €169,629 (+55.0%), from €308,515 to €478,144
- Receivables within one year +€71,909
up €71,909 (+67.8%), from €106,132 to €178,041
of which Trade receivables: +€59,093
- Tangible fixed assets -€44,544
down €44,544 (-7.1%), from €631,687 to €587,142
of which Land and buildings: -€43,929
- Short-term financial debts +€93,292
up €93,292 (+175%), from €53,439 to €146,731
- Reserves +€83,622
up €83,622 (+14.3%), from €585,419 to €669,041
of which Distributable reserves: +€83,622
- Debts after one year -€44,530
down €44,530 (-20.1%), from €221,789 to €177,259
of which Other amounts payable: -€28,193
- Tax, wage and social debts +€41,285
up €41,285 (+77.7%), from €53,152 to €94,437
of which Remuneration and social security: +€22,520
- Other debts +€24,999
up €24,999 (+485%), from €5,159 to €30,158
- Gross operating margin +€109,020
up €109,020 (+35.2%), from €309,967 to €418,987
- Write-downs +€42,628
up €42,628 (+95.5%), from -€44,651 to -€2,022
- Staff costs +€35,164
up €35,164 (+43.5%), from €80,826 to €115,989
- Taxes +€14,230
up €14,230 (+38.5%), from €37,008 to €51,238
- Other operating charges +€11,450
up €11,450 (+27.8%), from €41,199 to €52,649
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 | €1,068,991 | €1,255,102 | +€186,111 | +17.4% |
| Fixed assets | 21/28 | €632,322 | €587,277 | -€45,044 | -7.1% |
| Tangible fixed assets | 22/27 | €631,687 | €587,142 | -€44,544 | -7.1% |
| Land and buildings | 22 | €598,988 | €555,059 | -€43,929 | -7.3% |
| Plant, machinery and equipment | 23 | €19,655 | €16,181 | -€3,474 | -17.7% |
| Furniture and vehicles | 24 | €13,043 | €15,901 | +€2,858 | +21.9% |
| Financial fixed assets | 28 | €635 | €135 | -€500 | -78.7% |
| Current assets | 29/58 | €436,669 | €667,825 | +€231,155 | +52.9% |
| Stocks and contracts in progress | 3 | €308,515 | €478,144 | +€169,629 | +55.0% |
| Stocks | 30/36 | €308,515 | €478,144 | +€169,629 | +55.0% |
| Amounts receivable within one year | 40/41 | €106,132 | €178,041 | +€71,909 | +67.8% |
| Trade receivables | 40 | €104,917 | €164,010 | +€59,093 | +56.3% |
| Other amounts receivable | 41 | €1,215 | €14,031 | +€12,816 | +1,055% |
| Cash at bank and in hand | 54/58 | €13,460 | €4,418 | -€9,042 | -67.2% |
| Deferred charges and accrued income | 490/1 | €8,563 | €7,222 | -€1,341 | -15.7% |
| Total equity and liabilities | 10/49 | €1,068,991 | €1,255,102 | +€186,111 | +17.4% |
| Equity | 10/15 | €648,639 | €732,261 | +€83,622 | +12.9% |
| Contributions | 10/11 | €63,220 | €63,220 | = | 0.0% |
| Capital | 10 | €63,220 | €63,220 | = | 0.0% |
| Issued capital | 100 | €63,220 | €63,220 | = | 0.0% |
| Reserves | 13 | €585,419 | €669,041 | +€83,622 | +14.3% |
| Non-distributable reserves | 130/1 | €6,322 | €6,322 | = | 0.0% |
| Legal reserve | 130 | €6,322 | €6,322 | = | 0.0% |
| Distributable reserves | 133 | €579,097 | €662,719 | +€83,622 | +14.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €420,352 | €522,841 | +€102,489 | +24.4% |
| Amounts payable after more than one year | 17 | €221,789 | €177,259 | -€44,530 | -20.1% |
| Financial debts | 170/4 | €157,673 | €141,337 | -€16,337 | -10.4% |
| Other amounts payable | 178/9 | €64,115 | €35,922 | -€28,193 | -44.0% |
| Amounts payable within one year | 42/48 | €196,186 | €342,485 | +€146,299 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €16,058 | €16,337 | +€279 | +1.7% |
| Financial debts | 43 | €53,439 | €146,731 | +€93,292 | +175% |
| Credit institutions | 430/8 | €53,439 | €146,731 | +€93,292 | +175% |
| Trade debts | 44 | €68,378 | €54,822 | -€13,556 | -19.8% |
| Suppliers | 440/4 | €68,378 | €54,822 | -€13,556 | -19.8% |
| Taxes, remuneration and social security | 45 | €53,152 | €94,437 | +€41,285 | +77.7% |
| Taxes | 450/3 | €45,817 | €64,582 | +€18,765 | +41.0% |
| Remuneration and social security | 454/9 | €7,335 | €29,855 | +€22,520 | +307% |
| Other amounts payable | 47/48 | €5,159 | €30,158 | +€24,999 | +485% |
| Accrued charges and deferred income | 492/3 | €2,377 | €3,098 | +€721 | +30.3% |
| Non-recurring operating income | 76A | €197 | €0 | -€197 | -100% |
| Remuneration, social security and pensions | 62 | €80,826 | €115,989 | +€35,164 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,397 | €71,730 | +€333 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€44,651 | -€2,022 | +€42,628 | +95.5% |
| Other operating charges | 640/8 | €41,199 | €52,649 | +€11,450 | +27.8% |
| Non-recurring operating charges | 66A | €904 | €189 | -€714 | -79.1% |
| Gross operating margin | 9900 | €309,967 | €418,987 | +€109,020 | +35.2% |
| Operating profit (loss) | 9901 | €160,293 | €180,452 | +€20,159 | +12.6% |
| Financial income | 75/76B | €175 | €82 | -€93 | -53.4% |
| Recurring financial income | 75 | €175 | €82 | -€93 | -53.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €26,899 | €16,174 | -€10,726 | -39.9% |
| Recurring financial charges | 65 | €26,899 | €16,174 | -€10,726 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €133,568 | €164,360 | +€30,791 | +23.1% |
| Income taxes | 67/77 | €37,008 | €51,238 | +€14,230 | +38.5% |
| Profit (loss) for the period | 9904 | €96,560 | €113,122 | +€16,561 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,560 | €113,122 | +€16,561 | +17.2% |
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 25 October 2026 via checked.be.