Transport Bartolse: 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.
Transport Bartolse
Largest movements
- Cash -€45,426
down €45,426 (-65.1%), from €69,812 to €24,386
mainly Tax, wage and social debts (-€40,899) and Debts after one year (-€27,301)
- Receivables within one year -€44,775
down €44,775 (-44.4%), from €100,734 to €55,959
of which Trade receivables: -€45,210
- Tangible fixed assets -€40,772
down €40,772 (-16.0%), from €254,034 to €213,262
of which Furniture and vehicles: -€33,388
- Tax, wage and social debts -€40,899
down €40,899 (-71.3%), from €57,376 to €16,477
of which Taxes: -€26,067
- Debts after one year -€27,301
down €27,301 (-16.5%), from €165,368 to €138,066
- Profit (loss) carried forward -€25,685
down €25,685 (-17.3%), from €148,782 to €123,097
- Trade debts -€11,344
down €11,344 (-39.3%), from €28,880 to €17,537
- Provisions -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin -€128,234
down €128,234 (-53.0%), from €241,966 to €113,732
- Staff costs -€54,408
down €54,408 (-44.8%), from €121,573 to €67,166
- Taxes -€19,456
down €19,456 (-98.2%), from €19,814 to €358
- Financial charges +€7,767
up €7,767 (+126%), from €6,174 to €13,940
- Depreciation -€4,430
down €4,430 (-10.9%), from €40,698 to €36,268
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 | €459,700 | €330,105 | -€129,595 | -28.2% |
| Fixed assets | 21/28 | €286,535 | €245,949 | -€40,585 | -14.2% |
| Tangible fixed assets | 22/27 | €254,034 | €213,262 | -€40,772 | -16.0% |
| Land and buildings | 22 | €159,537 | €152,745 | -€6,792 | -4.3% |
| Plant, machinery and equipment | 23 | €1,588 | €996 | -€592 | -37.3% |
| Furniture and vehicles | 24 | €92,909 | €59,521 | -€33,388 | -35.9% |
| Financial fixed assets | 28 | €32,500 | €32,687 | +€186 | +0.6% |
| Current assets | 29/58 | €173,165 | €84,156 | -€89,009 | -51.4% |
| Amounts receivable within one year | 40/41 | €100,734 | €55,959 | -€44,775 | -44.4% |
| Trade receivables | 40 | €99,478 | €54,268 | -€45,210 | -45.4% |
| Other amounts receivable | 41 | €1,256 | €1,690 | +€435 | +34.6% |
| Cash at bank and in hand | 54/58 | €69,812 | €24,386 | -€45,426 | -65.1% |
| Deferred charges and accrued income | 490/1 | €2,620 | €3,811 | +€1,191 | +45.5% |
| Total equity and liabilities | 10/49 | €459,700 | €330,105 | -€129,595 | -28.2% |
| Equity | 10/15 | €156,842 | €131,157 | -€25,685 | -16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,782 | €123,097 | -€25,685 | -17.3% |
| Provisions and deferred taxes | 16 | €10,000 | - | -€10,000 | |
| Provisions for liabilities and charges | 160/5 | €10,000 | - | -€10,000 | |
| Pensions and similar obligations | 160 | €10,000 | - | -€10,000 | |
| Amounts payable | 17/49 | €292,857 | €198,948 | -€93,909 | -32.1% |
| Amounts payable after more than one year | 17 | €165,368 | €138,066 | -€27,301 | -16.5% |
| Financial debts | 170/4 | €165,368 | €138,066 | -€27,301 | -16.5% |
| Amounts payable within one year | 42/48 | €125,172 | €58,343 | -€66,829 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €28,476 | €23,426 | -€5,050 | -17.7% |
| Trade debts | 44 | €28,880 | €17,537 | -€11,344 | -39.3% |
| Suppliers | 440/4 | €28,880 | €17,537 | -€11,344 | -39.3% |
| Taxes, remuneration and social security | 45 | €57,376 | €16,477 | -€40,899 | -71.3% |
| Taxes | 450/3 | €37,737 | €11,670 | -€26,067 | -69.1% |
| Remuneration and social security | 454/9 | €19,639 | €4,807 | -€14,832 | -75.5% |
| Other amounts payable | 47/48 | €10,440 | €903 | -€9,536 | -91.3% |
| Accrued charges and deferred income | 492/3 | €2,317 | €2,538 | +€221 | +9.5% |
| Non-recurring operating income | 76A | - | €19,151 | +€19,151 | |
| Remuneration, social security and pensions | 62 | €121,573 | €67,166 | -€54,408 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,698 | €36,268 | -€4,430 | -10.9% |
| Other operating charges | 640/8 | €7,272 | €5,749 | -€1,524 | -20.9% |
| Non-recurring operating charges | 66A | €575 | €16,171 | +€15,595 | +2,711% |
| Gross operating margin | 9900 | €241,966 | €113,732 | -€128,234 | -53.0% |
| Operating profit (loss) | 9901 | €71,847 | -€11,621 | -€83,468 | |
| Financial income | 75/76B | €51 | €234 | +€183 | +356% |
| Recurring financial income | 75 | €51 | €234 | +€183 | +356% |
| Financial charges | 65/66B | €6,174 | €13,940 | +€7,767 | +126% |
| Recurring financial charges | 65 | €6,174 | €13,940 | +€7,767 | +126% |
| Profit (loss) for the period before taxes | 9903 | €65,725 | -€25,327 | -€91,052 | |
| Income taxes | 67/77 | €19,814 | €358 | -€19,456 | -98.2% |
| Profit (loss) for the period | 9904 | €45,911 | -€25,685 | -€71,596 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,911 | -€25,685 | -€71,596 |
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.