Bartofis: 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.
Bartofis
Largest movements
- Cash +€32,834
up €32,834 (+69.6%), from €47,202 to €80,035
mainly Net result for the year (+€68,737) and Depreciation (+€25,960)
- Profit (loss) carried forward +€68,737
up €68,737 (+333.7%), from €20,597 to €89,334
- Other debts -€33,863
down €33,863 (-22.3%), from €151,900 to €118,037
- Gross operating margin +€24,091
up €24,091 (+22.6%), from €106,605 to €130,695
- Financial charges -€19,284
down €19,284 (-77.1%), from €25,014 to €5,730
- Taxes +€3,817
up €3,817 (+19.1%), from €20,026 to €23,844
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 | €706,840 | €742,714 | +€35,874 | +5.1% |
| Fixed assets | 21/28 | €659,638 | €662,678 | +€3,040 | +0.5% |
| Tangible fixed assets | 22/27 | €659,001 | €662,041 | +€3,040 | +0.5% |
| Land and buildings | 22 | €657,624 | €661,156 | +€3,532 | +0.5% |
| Plant, machinery and equipment | 23 | €1,377 | €885 | -€492 | -35.7% |
| Financial fixed assets | 28 | €637 | €637 | = | 0.0% |
| Current assets | 29/58 | €47,202 | €80,035 | +€32,834 | +69.6% |
| Cash at bank and in hand | 54/58 | €47,202 | €80,035 | +€32,834 | +69.6% |
| Total equity and liabilities | 10/49 | €706,840 | €742,714 | +€35,874 | +5.1% |
| Equity | 10/15 | €529,557 | €598,294 | +€68,737 | +13.0% |
| Contributions | 10/11 | €19,670 | €19,670 | = | 0.0% |
| Reserves | 13 | €489,290 | €489,290 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €451,790 | €451,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,597 | €89,334 | +€68,737 | +333.7% |
| Amounts payable | 17/49 | €177,283 | €144,420 | -€32,863 | -18.5% |
| Amounts payable within one year | 42/48 | €177,283 | €144,420 | -€32,863 | -18.5% |
| Trade debts | 44 | €2,333 | €1,653 | -€681 | -29.2% |
| Suppliers | 440/4 | €2,333 | €1,653 | -€681 | -29.2% |
| Taxes, remuneration and social security | 45 | €23,050 | €24,731 | +€1,681 | +7.3% |
| Taxes | 450/3 | €23,050 | €24,731 | +€1,681 | +7.3% |
| Other amounts payable | 47/48 | €151,900 | €118,037 | -€33,863 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,431 | €25,960 | +€528 | +2.1% |
| Other operating charges | 640/8 | €6,031 | €6,425 | +€394 | +6.5% |
| Gross operating margin | 9900 | €106,605 | €130,695 | +€24,091 | +22.6% |
| Operating profit (loss) | 9901 | €75,142 | €98,311 | +€23,169 | +30.8% |
| Financial charges | 65/66B | €25,014 | €5,730 | -€19,284 | -77.1% |
| Recurring financial charges | 65 | €25,014 | €5,730 | -€19,284 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €50,128 | €92,581 | +€42,452 | +84.7% |
| Transfer from deferred taxes | 780 | €2,807 | - | -€2,807 | |
| Income taxes | 67/77 | €20,026 | €23,844 | +€3,817 | +19.1% |
| Profit (loss) for the period | 9904 | €32,909 | €68,737 | +€35,828 | +108.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,909 | €68,737 | +€35,828 | +108.9% |
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 12 October 2026 via checked.be.