GLASWERKEN BART PUT: 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.
GLASWERKEN BART PUT
Largest movements
- Cash -€71,552
down €71,552 (-53.3%), from €134,180 to €62,628
mainly Contributions, distributions and other (-€62,009) and Current investments (-€50,000)
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Receivables within one year -€22,191
down €22,191 (-34.3%), from €64,781 to €42,590
of which Other amounts receivable: -€19,489
- Reserves -€23,888
down €23,888 (-15.3%), from €155,838 to €131,949
of which Distributable reserves: -€23,888
- Debts after one year -€12,266
down €12,266 (-25.5%), from €48,037 to €35,771
- Gross operating margin +€15,262
up €15,262 (+30.8%), from €49,552 to €64,813
- Taxes +€5,721
up €5,721 (+40.2%), from €14,226 to €19,948
- Financial income +€4,408
up €4,408 (+174%), from €2,532 to €6,940
- Depreciation +€2,311
up €2,311 (+30.2%), from €7,640 to €9,950
- Financial charges -€1,182
down €1,182 (-43.4%), from €2,725 to €1,543
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 | €415,343 | €376,736 | -€38,606 | -9.3% |
| Fixed assets | 21/28 | €99,920 | €103,572 | +€3,652 | +3.7% |
| Tangible fixed assets | 22/27 | €99,920 | €103,572 | +€3,652 | +3.7% |
| Land and buildings | 22 | €91,256 | €87,208 | -€4,048 | -4.4% |
| Plant, machinery and equipment | 23 | €4,884 | €3,667 | -€1,217 | -24.9% |
| Furniture and vehicles | 24 | €3,780 | €12,696 | +€8,916 | +236% |
| Current assets | 29/58 | €315,422 | €273,164 | -€42,258 | -13.4% |
| Stocks and contracts in progress | 3 | €14,790 | €16,325 | +€1,535 | +10.4% |
| Stocks | 30/36 | €14,790 | €16,325 | +€1,535 | +10.4% |
| Amounts receivable within one year | 40/41 | €64,781 | €42,590 | -€22,191 | -34.3% |
| Trade receivables | 40 | €43,243 | €40,541 | -€2,702 | -6.2% |
| Other amounts receivable | 41 | €21,538 | €2,049 | -€19,489 | -90.5% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €134,180 | €62,628 | -€71,552 | -53.3% |
| Deferred charges and accrued income | 490/1 | €1,671 | €1,621 | -€50 | -3.0% |
| Total equity and liabilities | 10/49 | €415,343 | €376,736 | -€38,606 | -9.3% |
| Equity | 10/15 | €344,195 | €320,307 | -€23,888 | -6.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €155,838 | €131,949 | -€23,888 | -15.3% |
| Non-distributable reserves | 130/1 | €3,681 | €3,681 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,681 | €3,681 | = | 0.0% |
| Distributable reserves | 133 | €152,157 | €128,269 | -€23,888 | -15.7% |
| Profit (loss) carried forward | 14 | €163,357 | €163,357 | = | 0.0% |
| Amounts payable | 17/49 | €71,147 | €56,430 | -€14,718 | -20.7% |
| Amounts payable after more than one year | 17 | €48,037 | €35,771 | -€12,266 | -25.5% |
| Financial debts | 170/4 | €48,037 | €35,771 | -€12,266 | -25.5% |
| Amounts payable within one year | 42/48 | €23,111 | €20,659 | -€2,451 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €12,120 | €12,281 | +€161 | +1.3% |
| Trade debts | 44 | €996 | - | -€996 | |
| Suppliers | 440/4 | €996 | - | -€996 | |
| Taxes, remuneration and social security | 45 | €9,994 | €8,246 | -€1,749 | -17.5% |
| Taxes | 450/3 | €9,994 | €8,246 | -€1,749 | -17.5% |
| Other amounts payable | 47/48 | - | €133 | +€133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,640 | €9,950 | +€2,311 | +30.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €193 | +€193 | |
| Other operating charges | 640/8 | €1,673 | €1,999 | +€325 | +19.4% |
| Gross operating margin | 9900 | €49,552 | €64,813 | +€15,262 | +30.8% |
| Operating profit (loss) | 9901 | €40,239 | €52,671 | +€12,432 | +30.9% |
| Financial income | 75/76B | €2,532 | €6,940 | +€4,408 | +174% |
| Recurring financial income | 75 | €2,532 | €6,940 | +€4,408 | +174% |
| Financial charges | 65/66B | €2,725 | €1,543 | -€1,182 | -43.4% |
| Recurring financial charges | 65 | €2,725 | €1,543 | -€1,182 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €40,046 | €58,069 | +€18,022 | +45.0% |
| Income taxes | 67/77 | €14,226 | €19,948 | +€5,721 | +40.2% |
| Profit (loss) for the period | 9904 | €25,820 | €38,121 | +€12,301 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,820 | €38,121 | +€12,301 | +47.6% |
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 13 October 2026 via checked.be.