BARTUS: 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.
BARTUS
Largest movements
- Receivables within one year -€316,807
down €316,807 (-54.8%), from €578,242 to €261,435
of which Trade receivables: -€312,464
- Trade debts -€303,155
down €303,155 (-54.9%), from €552,324 to €249,169
- Profit (loss) carried forward -€100,000
down €100,000 (-3.4%), from €2.9m to €2.8m
- Accrued charges and deferred income +€80,663
up €80,663 (+7.8%), from €1.0m to €1.1m
- Financial income -€91,937
down €91,937 (-45.5%), from €202,141 to €110,204
- Financial charges +€23,041
up €23,041 (+110%), from €20,923 to €43,964
- Gross operating margin -€12,402
down €12,402 (-72.4%), from €17,118 to €4,716
- Taxes -€1,110
down €1,110 (-5.0%), from €21,990 to €20,880
- Depreciation -€695
down €695 (-48.7%), from €1,428 to €733
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.
Derived cash bridge
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 | €5,096,309 | €4,831,860 | -€264,449 | -5.2% |
| Fixed assets | 21/28 | €598 | €1,095 | +€497 | +83.2% |
| Tangible fixed assets | 22/27 | €598 | €1,095 | +€497 | +83.2% |
| Furniture and vehicles | 24 | €598 | €1,095 | +€497 | +83.2% |
| Current assets | 29/58 | €5,095,712 | €4,830,765 | -€264,946 | -5.2% |
| Amounts receivable within one year | 40/41 | €578,242 | €261,435 | -€316,807 | -54.8% |
| Trade receivables | 40 | €572,496 | €260,032 | -€312,464 | -54.6% |
| Other amounts receivable | 41 | €5,746 | €1,403 | -€4,343 | -75.6% |
| Current investments | 50/53 | €4,483,860 | €4,508,503 | +€24,643 | +0.5% |
| Cash at bank and in hand | 54/58 | €31,844 | €58,149 | +€26,306 | +82.6% |
| Deferred charges and accrued income | 490/1 | €1,766 | €2,677 | +€912 | +51.6% |
| Total equity and liabilities | 10/49 | €5,096,309 | €4,831,860 | -€264,449 | -5.2% |
| Equity | 10/15 | €3,492,604 | €3,429,182 | -€63,421 | -1.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €485,383 | €521,962 | +€36,579 | +7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €479,183 | €515,762 | +€36,579 | +7.6% |
| Profit (loss) carried forward | 14 | €2,945,247 | €2,845,247 | -€100,000 | -3.4% |
| Amounts payable | 17/49 | €1,603,706 | €1,402,678 | -€201,028 | -12.5% |
| Amounts payable within one year | 42/48 | €562,918 | €281,226 | -€281,691 | -50.0% |
| Trade debts | 44 | €552,324 | €249,169 | -€303,155 | -54.9% |
| Suppliers | 440/4 | €552,324 | €249,169 | -€303,155 | -54.9% |
| Taxes, remuneration and social security | 45 | €9,614 | €9,614 | = | 0.0% |
| Taxes | 450/3 | €9,614 | €9,614 | = | 0.0% |
| Other amounts payable | 47/48 | €980 | €22,444 | +€21,464 | +2,191% |
| Accrued charges and deferred income | 492/3 | €1,040,788 | €1,121,451 | +€80,663 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428 | €733 | -€695 | -48.7% |
| Other operating charges | 640/8 | €8,291 | €8,839 | +€547 | +6.6% |
| Non-recurring operating charges | 66A | €2,512 | €3,926 | +€1,415 | +56.3% |
| Gross operating margin | 9900 | €17,118 | €4,716 | -€12,402 | -72.4% |
| Operating profit (loss) | 9901 | €4,888 | -€8,781 | -€13,669 | |
| Financial income | 75/76B | €202,141 | €110,204 | -€91,937 | -45.5% |
| Recurring financial income | 75 | €202,141 | €110,204 | -€91,937 | -45.5% |
| Financial charges | 65/66B | €20,923 | €43,964 | +€23,041 | +110% |
| Recurring financial charges | 65 | €20,923 | €43,964 | +€23,041 | +110% |
| Profit (loss) for the period before taxes | 9903 | €186,105 | €57,459 | -€128,647 | -69.1% |
| Income taxes | 67/77 | €21,990 | €20,880 | -€1,110 | -5.0% |
| Profit (loss) for the period | 9904 | €164,115 | €36,579 | -€127,537 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €164,115 | €36,579 | -€127,537 | -77.7% |
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 14 October 2026 via checked.be.