FOTO VIDEO BARTOK: what changed
FOTO VIDEO BARTOK
Largest movements
- Stocks and contracts -€113,509
down €113,509 (-38.4%), from €295,740 to €182,231
- Receivables within one year +€25,612
up €25,612 (+104%), from €24,540 to €50,152
of which Trade receivables: +€24,822
- Tangible fixed assets +€17,180
new in 2025: €17,180
- Deferred charges and accrued income -€7,774
no longer reported in 2025 (was €7,774)
- Cash +€4,172
up €4,172 (+8.9%), from €47,119 to €51,291
mainly Stocks and contracts (+€113,509) and Net result for the year (+€17,217)
- Trade debts -€48,095
down €48,095 (-84.2%), from €57,130 to €9,036
- Short-term financial debts -€35,000
down €35,000 (-38.9%), from €90,000 to €55,000
- Debts after one year -€22,630
down €22,630 (-49.6%), from €45,631 to €23,001
- Reserves +€17,217
up €17,217 (+34.9%), from €49,349 to €66,566
of which Distributable reserves: +€17,217
- Accrued charges and deferred income +€14,443
new in 2025: €14,443
- Other operating charges -€26,035
down €26,035 (-96.6%), from €26,951 to €916
- Staff costs +€21,740
up €21,740 (+35.3%), from €61,522 to €83,262
- Gross operating margin +€11,734
up €11,734 (+10.7%), from €109,697 to €121,431
- Taxes +€5,720
up €5,720 (+324%), from €1,767 to €7,488
- Depreciation +€4,291
new in 2025: €4,291
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,174 | €300,854 | -€74,320 | -19.8% |
| Fixed assets | 21/28 | - | €17,180 | +€17,180 | |
| Tangible fixed assets | 22/27 | - | €17,180 | +€17,180 | |
| Furniture and vehicles | 24 | - | €17,180 | +€17,180 | |
| Current assets | 29/58 | €375,174 | €283,674 | -€91,500 | -24.4% |
| Stocks and contracts in progress | 3 | €295,740 | €182,231 | -€113,509 | -38.4% |
| Stocks | 30/36 | €295,740 | €182,231 | -€113,509 | -38.4% |
| Amounts receivable within one year | 40/41 | €24,540 | €50,152 | +€25,612 | +104% |
| Trade receivables | 40 | €10,083 | €34,905 | +€24,822 | +246% |
| Other amounts receivable | 41 | €14,457 | €15,247 | +€790 | +5.5% |
| Cash at bank and in hand | 54/58 | €47,119 | €51,291 | +€4,172 | +8.9% |
| Deferred charges and accrued income | 490/1 | €7,774 | - | -€7,774 | |
| Total equity and liabilities | 10/49 | €375,174 | €300,854 | -€74,320 | -19.8% |
| Equity | 10/15 | €124,349 | €141,566 | +€17,217 | +13.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €49,349 | €66,566 | +€17,217 | +34.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,356 | €33,356 | = | 0.0% |
| Distributable reserves | 133 | €8,493 | €25,710 | +€17,217 | +203% |
| Amounts payable | 17/49 | €250,825 | €159,288 | -€91,537 | -36.5% |
| Amounts payable after more than one year | 17 | €45,631 | €23,001 | -€22,630 | -49.6% |
| Financial debts | 170/4 | €45,631 | €23,001 | -€22,630 | -49.6% |
| Amounts payable within one year | 42/48 | €205,194 | €121,844 | -€83,350 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €21,919 | €22,283 | +€364 | +1.7% |
| Financial debts | 43 | €90,000 | €55,000 | -€35,000 | -38.9% |
| Credit institutions | 430/8 | €90,000 | €55,000 | -€35,000 | -38.9% |
| Trade debts | 44 | €57,130 | €9,036 | -€48,095 | -84.2% |
| Suppliers | 440/4 | €57,130 | €9,036 | -€48,095 | -84.2% |
| Taxes, remuneration and social security | 45 | €8,388 | €14,678 | +€6,290 | +75.0% |
| Taxes | 450/3 | €1,767 | €7,488 | +€5,720 | +324% |
| Remuneration and social security | 454/9 | €6,621 | €7,191 | +€570 | +8.6% |
| Other amounts payable | 47/48 | €27,757 | €20,847 | -€6,909 | -24.9% |
| Accrued charges and deferred income | 492/3 | - | €14,443 | +€14,443 | |
| Remuneration, social security and pensions | 62 | €61,522 | €83,262 | +€21,740 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,291 | +€4,291 | |
| Other operating charges | 640/8 | €26,951 | €916 | -€26,035 | -96.6% |
| Non-recurring operating charges | 66A | €11,380 | - | -€11,380 | |
| Gross operating margin | 9900 | €109,697 | €121,431 | +€11,734 | +10.7% |
| Operating profit (loss) | 9901 | €9,843 | €32,961 | +€23,118 | +235% |
| Financial charges | 65/66B | €5,483 | €8,257 | +€2,774 | +50.6% |
| Recurring financial charges | 65 | €5,483 | €8,257 | +€2,774 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €4,361 | €24,705 | +€20,344 | +467% |
| Income taxes | 67/77 | €1,767 | €7,488 | +€5,720 | +324% |
| Profit (loss) for the period | 9904 | €2,593 | €17,217 | +€14,624 | +564% |
| Profit (loss) for the period to be appropriated | 9905 | €2,593 | €17,217 | +€14,624 | +564% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.