BARTIRA: what changed
Two fiscal 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.
BARTIRA
Largest movements
- Tangible fixed assets +€273,452
up €273,452 (+30.2%), from €904,805 to €1.2m
of which Land and buildings: +€282,199
- Receivables within one year -€66,157
down €66,157 (-22.0%), from €301,317 to €235,161
of which Trade receivables: -€53,354
- Cash -€26,597
down €26,597 (-80.3%), from €33,140 to €6,542
mainly Investment in fixed assets (net) (-€327,235) and Net result for the year (-€148,950)
- Debts after one year +€267,018
up €267,018 (+32.3%), from €827,441 to €1.1m
- Profit (loss) carried forward -€148,950
down €148,950 (-32.4%), from -€460,090 to -€609,040
- Trade debts +€49,949
up €49,949 (+1959.6%), from €2,549 to €52,498
- Current portion of long-term debt +€16,269
up €16,269 (+29.2%), from €55,713 to €71,982
- Other operating charges +€98,735
up €98,735 (+1451.5%), from €6,802 to €105,537
- Gross operating margin -€47,681
down €47,681 (-61.5%), from €77,563 to €29,883
- Depreciation -€7,621
down €7,621 (-12.4%), from €61,404 to €53,783
- Financial charges +€4,517
up €4,517 (+30.9%), from €14,631 to €19,148
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 | €1,241,828 | €1,424,512 | +€182,684 | +14.7% |
| Fixed assets | 21/28 | €904,805 | €1,178,257 | +€273,452 | +30.2% |
| Tangible fixed assets | 22/27 | €904,805 | €1,178,257 | +€273,452 | +30.2% |
| Land and buildings | 22 | €885,967 | €1,168,166 | +€282,199 | +31.9% |
| Plant, machinery and equipment | 23 | €49 | - | -€49 | |
| Furniture and vehicles | 24 | €18,789 | €10,091 | -€8,698 | -46.3% |
| Current assets | 29/58 | €337,023 | €246,255 | -€90,768 | -26.9% |
| Amounts receivable within one year | 40/41 | €301,317 | €235,161 | -€66,157 | -22.0% |
| Trade receivables | 40 | €72,893 | €19,539 | -€53,354 | -73.2% |
| Other amounts receivable | 41 | €228,424 | €215,622 | -€12,802 | -5.6% |
| Cash at bank and in hand | 54/58 | €33,140 | €6,542 | -€26,597 | -80.3% |
| Deferred charges and accrued income | 490/1 | €2,565 | €4,552 | +€1,986 | +77.4% |
| Total equity and liabilities | 10/49 | €1,241,828 | €1,424,512 | +€182,684 | +14.7% |
| Equity | 10/15 | €204,178 | €55,227 | -€148,950 | -73.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €194,636 | €192,822 | -€1,814 | -0.9% |
| Reserves | 13 | €408,131 | €409,946 | +€1,814 | +0.4% |
| Distributable reserves | 133 | €408,131 | €409,946 | +€1,814 | +0.4% |
| Profit (loss) carried forward | 14 | -€460,090 | -€609,040 | -€148,950 | -32.4% |
| Amounts payable | 17/49 | €1,037,650 | €1,369,285 | +€331,635 | +32.0% |
| Amounts payable after more than one year | 17 | €827,441 | €1,094,459 | +€267,018 | +32.3% |
| Financial debts | 170/4 | €827,441 | €1,094,459 | +€267,018 | +32.3% |
| Amounts payable within one year | 42/48 | €210,209 | €274,826 | +€64,616 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €55,713 | €71,982 | +€16,269 | +29.2% |
| Financial debts | 43 | - | €1,876 | +€1,876 | |
| Credit institutions | 430/8 | - | €1,876 | +€1,876 | |
| Trade debts | 44 | €2,549 | €52,498 | +€49,949 | +1959.6% |
| Suppliers | 440/4 | €2,549 | €52,498 | +€49,949 | +1959.6% |
| Taxes, remuneration and social security | 45 | €4,800 | €6,096 | +€1,296 | +27.0% |
| Taxes | 450/3 | €4,800 | €4,196 | -€604 | -12.6% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Other amounts payable | 47/48 | €147,148 | €142,374 | -€4,773 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,404 | €53,783 | -€7,621 | -12.4% |
| Other operating charges | 640/8 | €6,802 | €105,537 | +€98,735 | +1451.5% |
| Gross operating margin | 9900 | €77,563 | €29,883 | -€47,681 | -61.5% |
| Operating profit (loss) | 9901 | €9,357 | -€129,438 | -€138,795 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €14,631 | €19,148 | +€4,517 | +30.9% |
| Recurring financial charges | 65 | €14,631 | €19,148 | +€4,517 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,272 | -€148,586 | -€143,314 | -2718.4% |
| Income taxes | 67/77 | - | €364 | +€364 | |
| Profit (loss) for the period | 9904 | -€5,272 | -€148,950 | -€143,678 | -2725.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,272 | -€148,950 | -€143,678 | -2725.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.