BARTS: 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.
BARTS
Largest movements
- Cash +€926,017
up €926,017 (+128.2%), from €722,340 to €1.6m
mainly Advances received (+€542,670) and Receivables within one year (+€538,692)
- Receivables within one year -€538,692
down €538,692 (-99.8%), from €539,562 to €870
- Deferred charges and accrued income +€448,918
new in 2025: €448,918
- Stocks and contracts -€288,737
no longer reported in 2025 (was €288,737)
- Advances received +€542,670
new in 2025: €542,670
- Gross operating margin -€109,366
down €109,366, from €108,332 to -€1,034
- Taxes -€30,508
down €30,508 (-89.7%), from €34,022 to €3,515
- Financial income +€15,214
up €15,214 (+907.6%), from €1,676 to €16,891
- Financial charges -€2,964
down €2,964 (-36.4%), from €8,155 to €5,190
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 | €1,550,889 | €2,098,395 | +€547,507 | +35.3% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,550,639 | €2,098,145 | +€547,507 | +35.3% |
| Stocks and contracts in progress | 3 | €288,737 | - | -€288,737 | |
| Stocks | 30/36 | €288,737 | - | -€288,737 | |
| Amounts receivable within one year | 40/41 | €539,562 | €870 | -€538,692 | -99.8% |
| Other amounts receivable | 41 | €539,562 | €870 | -€538,692 | -99.8% |
| Cash at bank and in hand | 54/58 | €722,340 | €1,648,358 | +€926,017 | +128.2% |
| Deferred charges and accrued income | 490/1 | - | €448,918 | +€448,918 | |
| Total equity and liabilities | 10/49 | €1,550,889 | €2,098,395 | +€547,507 | +35.3% |
| Equity | 10/15 | €229,963 | €236,995 | +€7,032 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €212,757 | €219,757 | +€7,000 | +3.3% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €211,827 | €218,827 | +€7,000 | +3.3% |
| Profit (loss) carried forward | 14 | -€1,394 | -€1,362 | +€32 | +2.3% |
| Amounts payable | 17/49 | €1,320,926 | €1,861,400 | +€540,475 | +40.9% |
| Amounts payable within one year | 42/48 | €1,320,926 | €1,860,893 | +€539,967 | +40.9% |
| Trade debts | 44 | €6,368 | €5,972 | -€396 | -6.2% |
| Suppliers | 440/4 | €6,368 | €5,972 | -€396 | -6.2% |
| Advances received on contracts in progress | 46 | - | €542,670 | +€542,670 | |
| Taxes, remuneration and social security | 45 | €48,935 | €37,186 | -€11,750 | -24.0% |
| Taxes | 450/3 | €48,935 | €37,186 | -€11,750 | -24.0% |
| Other amounts payable | 47/48 | €1,265,623 | €1,275,065 | +€9,443 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €508 | +€508 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.3% |
| Gross operating margin | 9900 | €108,332 | -€1,034 | -€109,366 | |
| Operating profit (loss) | 9901 | €108,214 | -€1,154 | -€109,368 | |
| Financial income | 75/76B | €1,676 | €16,891 | +€15,214 | +907.6% |
| Recurring financial income | 75 | €1,676 | €16,891 | +€15,214 | +907.6% |
| Financial charges | 65/66B | €8,155 | €5,190 | -€2,964 | -36.4% |
| Recurring financial charges | 65 | €8,155 | €5,190 | -€2,964 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €101,735 | €10,547 | -€91,189 | -89.6% |
| Income taxes | 67/77 | €34,022 | €3,515 | -€30,508 | -89.7% |
| Profit (loss) for the period | 9904 | €67,713 | €7,032 | -€60,681 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,713 | €7,032 | -€60,681 | -89.6% |
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 9 October 2026 via checked.be.