BARTOCK: 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.
BARTOCK
Largest movements
- Receivables within one year +€925,000
up €925,000 (+42.0%), from €2.2m to €3.1m
- Tangible fixed assets -€151,013
down €151,013 (-6.4%), from €2.4m to €2.2m
of which Plant, machinery and equipment: -€76,770
- Cash +€93,082
up €93,082 (+43.7%), from €212,946 to €306,028
mainly Net result for the year (+€1.4m) and Depreciation (+€215,433)
- Reserves +€1.4m
up €1.4m (+49.0%), from €2.8m to €4.2m
of which Distributable reserves: +€1.4m
- Other debts -€650,000
down €650,000 (-92.9%), from €700,000 to €50,000
- Tax, wage and social debts +€170,613
up €170,613 (+52.6%), from €324,593 to €495,206
No income-statement line moved by more than 1% of the activity.
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 | €4,764,225 | €5,631,290 | +€867,065 | +18.2% |
| Fixed assets | 21/28 | €2,350,578 | €2,199,566 | -€151,013 | -6.4% |
| Tangible fixed assets | 22/27 | €2,350,578 | €2,199,566 | -€151,013 | -6.4% |
| Land and buildings | 22 | €1,334,436 | €1,260,193 | -€74,243 | -5.6% |
| Plant, machinery and equipment | 23 | €1,016,142 | €939,373 | -€76,770 | -7.6% |
| Current assets | 29/58 | €2,413,646 | €3,431,724 | +€1.0m | +42.2% |
| Amounts receivable within one year | 40/41 | €2,200,000 | €3,125,000 | +€925,000 | +42.0% |
| Other amounts receivable | 41 | €2,200,000 | €3,125,000 | +€925,000 | +42.0% |
| Cash at bank and in hand | 54/58 | €212,946 | €306,028 | +€93,082 | +43.7% |
| Deferred charges and accrued income | 490/1 | €701 | €696 | -€5 | -0.6% |
| Total equity and liabilities | 10/49 | €4,764,225 | €5,631,290 | +€867,065 | +18.2% |
| Equity | 10/15 | €2,907,603 | €4,301,584 | +€1.4m | +47.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €2,844,603 | €4,238,584 | +€1.4m | +49.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €2,838,303 | €4,232,284 | +€1.4m | +49.1% |
| Amounts payable | 17/49 | €1,856,621 | €1,329,706 | -€526,915 | -28.4% |
| Amounts payable after more than one year | 17 | €783,042 | €735,049 | -€47,993 | -6.1% |
| Financial debts | 170/4 | €528,042 | €480,049 | -€47,993 | -9.1% |
| Other amounts payable | 178/9 | €255,000 | €255,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,073,580 | €594,658 | -€478,922 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €47,438 | €47,993 | +€555 | +1.2% |
| Financial debts | 43 | €186 | €200 | +€15 | +7.8% |
| Credit institutions | 430/8 | €186 | €200 | +€15 | +7.8% |
| Trade debts | 44 | €1,363 | €1,258 | -€105 | -7.7% |
| Suppliers | 440/4 | €1,363 | €1,258 | -€105 | -7.7% |
| Taxes, remuneration and social security | 45 | €324,593 | €495,206 | +€170,613 | +52.6% |
| Taxes | 450/3 | €324,593 | €495,206 | +€170,613 | +52.6% |
| Other amounts payable | 47/48 | €700,000 | €50,000 | -€650,000 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,648 | €215,433 | +€15,785 | +7.9% |
| Other operating charges | 640/8 | €1,071 | €1,105 | +€34 | +3.2% |
| Gross operating margin | 9900 | €2,104,521 | €2,099,079 | -€5,442 | -0.3% |
| Operating profit (loss) | 9901 | €1,903,802 | €1,882,541 | -€21,262 | -1.1% |
| Financial charges | 65/66B | €19,059 | €17,947 | -€1,112 | -5.8% |
| Recurring financial charges | 65 | €19,059 | €17,947 | -€1,112 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €1,884,744 | €1,864,594 | -€20,150 | -1.1% |
| Income taxes | 67/77 | €489,593 | €470,613 | -€18,979 | -3.9% |
| Profit (loss) for the period | 9904 | €1,395,151 | €1,393,980 | -€1,171 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,395,151 | €1,393,980 | -€1,171 | -0.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.