THEBARTcorporation: 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.
THEBARTcorporation
Largest movements
- Cash -€10,278
down €10,278 (-44.7%), from €22,970 to €12,692
mainly Contributions, distributions and other (-€22,258) and Tax, wage and social debts (-€4,165)
- Receivables within one year -€6,580
down €6,580 (-22.5%), from €29,298 to €22,718
of which Other amounts receivable: -€6,414
- Current investments +€1,800
up €1,800 (+5.3%), from €33,859 to €35,659
- Reserves -€17,870
down €17,870 (-27.8%), from €64,229 to €46,359
- Other debts +€7,730
up €7,730 (+180%), from €4,296 to €12,025
- Tax, wage and social debts -€4,165
down €4,165 (-41.8%), from €9,962 to €5,797
- Other operating charges +€7,688
up €7,688 (+562%), from €1,367 to €9,055
- Gross operating margin -€3,596
down €3,596 (-15.8%), from €22,774 to €19,178
- Taxes +€599
up €599 (+12.5%), from €4,809 to €5,408
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 | €86,128 | €71,069 | -€15,058 | -17.5% |
| Current assets | 29/58 | €86,128 | €71,069 | -€15,058 | -17.5% |
| Amounts receivable within one year | 40/41 | €29,298 | €22,718 | -€6,580 | -22.5% |
| Trade receivables | 40 | €22,884 | €22,718 | -€166 | -0.7% |
| Other amounts receivable | 41 | €6,414 | €0 | -€6,414 | -100.0% |
| Current investments | 50/53 | €33,859 | €35,659 | +€1,800 | +5.3% |
| Cash at bank and in hand | 54/58 | €22,970 | €12,692 | -€10,278 | -44.7% |
| Total equity and liabilities | 10/49 | €86,128 | €71,069 | -€15,058 | -17.5% |
| Equity | 10/15 | €64,229 | €46,359 | -€17,870 | -27.8% |
| Reserves | 13 | €64,229 | €46,359 | -€17,870 | -27.8% |
| Distributable reserves | 133 | €64,229 | €46,359 | -€17,870 | -27.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,899 | €24,710 | +€2,811 | +12.8% |
| Amounts payable within one year | 42/48 | €21,899 | €24,710 | +€2,811 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €911 | €755 | -€157 | -17.2% |
| Credit institutions | 430/8 | €911 | €755 | -€157 | -17.2% |
| Trade debts | 44 | €6,730 | €6,133 | -€597 | -8.9% |
| Suppliers | 440/4 | €6,730 | €6,133 | -€597 | -8.9% |
| Taxes, remuneration and social security | 45 | €9,962 | €5,797 | -€4,165 | -41.8% |
| Taxes | 450/3 | €9,962 | €5,797 | -€4,165 | -41.8% |
| Other amounts payable | 47/48 | €4,296 | €12,025 | +€7,730 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,367 | €9,055 | +€7,688 | +562% |
| Gross operating margin | 9900 | €22,774 | €19,178 | -€3,596 | -15.8% |
| Operating profit (loss) | 9901 | €21,407 | €10,124 | -€11,283 | -52.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €349 | €328 | -€22 | -6.2% |
| Recurring financial charges | 65 | €349 | €328 | -€22 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €21,058 | €9,796 | -€11,262 | -53.5% |
| Income taxes | 67/77 | €4,809 | €5,408 | +€599 | +12.5% |
| Profit (loss) for the period | 9904 | €16,249 | €4,388 | -€11,861 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,249 | €4,388 | -€11,861 | -73.0% |
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 22 October 2026 via checked.be.