BARTOO: 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.
What changed
BARTOO
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.1m+€211,684
Equity
€9.2m
2024 · €7.8m+€1.3m
Cash
€3.3m
2024 · €3.1m+€260,596
Balance sheet total
€23.6m
2024 · €20.6m+€3.0m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+280.4%), from €559,358 to €2.1m
of which Trade receivables: +€1.3m
- Receivables after one year +€1.1m
up €1.1m (+30.0%), from €3.6m to €4.7m
- Cash +€260,596
up €260,596 (+8.5%), from €3.1m to €3.3m
mainly Trade debts (+€4.8m) and Net result for the year (+€1.3m)
- Stocks and contracts +€248,442
up €248,442 (+2.6%), from €9.5m to €9.7m
Equity and liabilities
- Trade debts +€4.8m
up €4.8m (+331.1%), from €1.5m to €6.3m
- Short-term financial debts -€2.5m
no longer reported in 2025 (was €2.5m)
- Reserves +€1.3m
up €1.3m (+17.8%), from €7.5m to €8.8m
- Debts after one year -€437,667
down €437,667 (-32.2%), from €1.4m to €921,822
Income statement
- Write-downs -€140,165
down €140,165, from €55,211 to -€84,954
- Financial charges -€118,190
down €118,190 (-55.7%), from €212,080 to €93,890
- Gross operating margin +€113,186
up €113,186 (+2.5%), from €4.6m to €4.7m
- Staff costs +€87,399
up €87,399 (+3.7%), from €2.3m to €2.4m
- Taxes +€72,836
up €72,836 (+19.1%), from €381,676 to €454,512
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.
Result 2024
€1.1m
Gross operating margin
+€113,186
Staff costs
-€87,399
Depreciation
+€5,720
Write-downs
+€140,165
Other operating charges
-€21,642
Other operating items
+€10,824
Financial income
+€5,477
Financial charges
+€118,190
Taxes
-€72,836
Result 2025
€1.3m
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.
From operations
+€3.5m
Investment
-€226,992
Financing
-€3.0m
Cash 2024
€3.1m
From operations (derived)
+€3.5m
Net result for the year
+€1.3m
Depreciation
+€426,647
Receivables after one year
-€1.1m
Stocks and contracts
-€248,442
Receivables within one year
-€1.6m
Smaller working-capital items
+€5,572
Trade debts
+€4.8m
Tax, wage and social debts
-€160,511
Other debts
-€60,365
Investment (derived)
-€226,992
Investment in fixed assets (net)
-€226,992
Financing
-€3.0m
Debts after one year
-€437,667
Current portion of long-term debt
-€48,326
Short-term financial debts
-€2.5m
Cash 2025
€3.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,615,575 | €23,581,231 | +€3.0m | +14.4% |
| Fixed assets | 21/28 | €3,877,432 | €3,677,777 | -€199,654 | -5.1% |
| Intangible fixed assets | 21 | €256,254 | €162,693 | -€93,561 | -36.5% |
| Tangible fixed assets | 22/27 | €3,607,754 | €3,456,661 | -€151,093 | -4.2% |
| Land and buildings | 22 | €3,141,501 | €2,910,491 | -€231,010 | -7.4% |
| Plant, machinery and equipment | 23 | €410,264 | €370,113 | -€40,151 | -9.8% |
| Furniture and vehicles | 24 | €55,989 | €59,452 | +€3,462 | +6.2% |
| Other tangible fixed assets | 26 | - | €116,606 | +€116,606 | |
| Financial fixed assets | 28 | €13,423 | €58,423 | +€45,000 | +335.2% |
| Current assets | 29/58 | €16,738,143 | €19,903,454 | +€3.2m | +18.9% |
| Amounts receivable after more than one year | 29 | €3,608,211 | €4,688,950 | +€1.1m | +30.0% |
| Trade receivables | 290 | €3,608,211 | €4,688,950 | +€1.1m | +30.0% |
| Stocks and contracts in progress | 3 | €9,478,230 | €9,726,673 | +€248,442 | +2.6% |
| Stocks | 30/36 | €9,478,230 | €9,726,673 | +€248,442 | +2.6% |
| Amounts receivable within one year | 40/41 | €559,358 | €2,127,868 | +€1.6m | +280.4% |
| Trade receivables | 40 | €409,276 | €1,682,067 | +€1.3m | +311.0% |
| Other amounts receivable | 41 | €150,082 | €445,802 | +€295,720 | +197.0% |
| Cash at bank and in hand | 54/58 | €3,069,311 | €3,329,907 | +€260,596 | +8.5% |
| Deferred charges and accrued income | 490/1 | €23,033 | €30,056 | +€7,023 | +30.5% |
| Total equity and liabilities | 10/49 | €20,615,575 | €23,581,231 | +€3.0m | +14.4% |
| Equity | 10/15 | €7,824,168 | €9,155,651 | +€1.3m | +17.0% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €7,474,168 | €8,805,651 | +€1.3m | +17.8% |
| Distributable reserves | 133 | €7,474,168 | €8,805,651 | +€1.3m | +17.8% |
| Amounts payable | 17/49 | €12,791,406 | €14,425,580 | +€1.6m | +12.8% |
| Amounts payable after more than one year | 17 | €1,359,490 | €921,822 | -€437,667 | -32.2% |
| Financial debts | 170/4 | €1,359,490 | €921,822 | -€437,667 | -32.2% |
| Amounts payable within one year | 42/48 | €11,381,841 | €13,448,525 | +€2.1m | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €418,254 | €369,927 | -€48,326 | -11.6% |
| Financial debts | 43 | €2,500,000 | - | -€2.5m | |
| Credit institutions | 430/8 | €2,500,000 | - | -€2.5m | |
| Trade debts | 44 | €1,458,308 | €6,286,757 | +€4.8m | +331.1% |
| Suppliers | 440/4 | €1,458,308 | €6,286,757 | +€4.8m | +331.1% |
| Advances received on contracts in progress | 46 | €826 | €8,264 | +€7,438 | +900.0% |
| Taxes, remuneration and social security | 45 | €373,329 | €212,818 | -€160,511 | -43.0% |
| Taxes | 450/3 | €64,041 | - | -€64,041 | |
| Remuneration and social security | 454/9 | €309,289 | €212,818 | -€96,470 | -31.2% |
| Other amounts payable | 47/48 | €6,631,123 | €6,570,758 | -€60,365 | -0.9% |
| Accrued charges and deferred income | 492/3 | €50,076 | €55,232 | +€5,157 | +10.3% |
| Non-recurring operating income | 76A | - | €5,470 | +€5,470 | |
| Remuneration, social security and pensions | 62 | €2,335,207 | €2,422,607 | +€87,399 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432,367 | €426,647 | -€5,720 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €55,211 | -€84,954 | -€140,165 | |
| Other operating charges | 640/8 | €79,565 | €101,207 | +€21,642 | +27.2% |
| Non-recurring operating charges | 66A | €10,824 | - | -€10,824 | |
| Gross operating margin | 9900 | €4,592,540 | €4,705,726 | +€113,186 | +2.5% |
| Operating profit (loss) | 9901 | €1,679,367 | €1,840,219 | +€160,853 | +9.6% |
| Financial income | 75/76B | €34,188 | €39,665 | +€5,477 | +16.0% |
| Recurring financial income | 75 | €34,188 | €39,665 | +€5,477 | +16.0% |
| Financial charges | 65/66B | €212,080 | €93,890 | -€118,190 | -55.7% |
| Recurring financial charges | 65 | €212,080 | €93,890 | -€118,190 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €1,501,475 | €1,785,994 | +€284,520 | +18.9% |
| Income taxes | 67/77 | €381,676 | €454,512 | +€72,836 | +19.1% |
| Profit (loss) for the period | 9904 | €1,119,799 | €1,331,483 | +€211,684 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,119,799 | €1,331,483 | +€211,684 | +18.9% |
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 2 October 2026 via checked.be.