Via Bart Consulting: 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.
Via Bart Consulting
Largest movements
- Receivables within one year +€22,740
up €22,740 (+511%), from €4,447 to €27,187
of which Trade receivables: +€14,374
- Cash +€12,152
up €12,152 (+38.1%), from €31,875 to €44,027
mainly Net result for the year (+€31,648) and Tax, wage and social debts (+€13,554)
- Tangible fixed assets +€2,852
up €2,852 (+367%), from €776 to €3,629
- Deferred charges and accrued income +€1,524
up €1,524 (+575%), from €265 to €1,788
- Reserves +€31,648
up €31,648 (+345%), from €9,179 to €40,827
- Tax, wage and social debts +€13,554
up €13,554 (+202%), from €6,724 to €20,278
- Other debts -€9,225
down €9,225 (-100%), from €9,225 to €0
- Trade debts +€2,361
up €2,361 (+106%), from €2,236 to €4,597
- Accrued charges and deferred income +€929
new in 2025: €929
- Gross operating margin +€32,051
up €32,051 (+241%), from €13,316 to €45,367
- Taxes +€6,847
up €6,847 (+251%), from €2,730 to €9,577
- Financial charges +€1,128
up €1,128 (+100%), from €1,125 to €2,253
- Depreciation +€1,064
up €1,064 (+943%), from €113 to €1,177
- Other operating charges +€543
up €543 (+323%), from €168 to €711
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 | €37,363 | €76,631 | +€39,267 | +105% |
| Fixed assets | 21/28 | €776 | €3,629 | +€2,852 | +367% |
| Tangible fixed assets | 22/27 | €776 | €3,629 | +€2,852 | +367% |
| Plant, machinery and equipment | 23 | €776 | €3,629 | +€2,852 | +367% |
| Current assets | 29/58 | €36,587 | €73,002 | +€36,415 | +99.5% |
| Amounts receivable within one year | 40/41 | €4,447 | €27,187 | +€22,740 | +511% |
| Trade receivables | 40 | €4,447 | €18,821 | +€14,374 | +323% |
| Other amounts receivable | 41 | - | €8,365 | +€8,365 | |
| Cash at bank and in hand | 54/58 | €31,875 | €44,027 | +€12,152 | +38.1% |
| Deferred charges and accrued income | 490/1 | €265 | €1,788 | +€1,524 | +575% |
| Total equity and liabilities | 10/49 | €37,363 | €76,631 | +€39,267 | +105% |
| Equity | 10/15 | €19,179 | €50,827 | +€31,648 | +165% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €9,179 | €40,827 | +€31,648 | +345% |
| Distributable reserves | 133 | €9,179 | €40,827 | +€31,648 | +345% |
| Amounts payable | 17/49 | €18,184 | €25,804 | +€7,619 | +41.9% |
| Amounts payable within one year | 42/48 | €18,184 | €24,875 | +€6,690 | +36.8% |
| Trade debts | 44 | €2,236 | €4,597 | +€2,361 | +106% |
| Suppliers | 440/4 | €2,236 | €4,597 | +€2,361 | +106% |
| Taxes, remuneration and social security | 45 | €6,724 | €20,278 | +€13,554 | +202% |
| Taxes | 450/3 | €6,724 | €20,278 | +€13,554 | +202% |
| Other amounts payable | 47/48 | €9,225 | €0 | -€9,225 | -100% |
| Accrued charges and deferred income | 492/3 | - | €929 | +€929 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113 | €1,177 | +€1,064 | +943% |
| Other operating charges | 640/8 | €168 | €711 | +€543 | +323% |
| Gross operating margin | 9900 | €13,316 | €45,367 | +€32,051 | +241% |
| Operating profit (loss) | 9901 | €13,035 | €43,478 | +€30,443 | +234% |
| Financial charges | 65/66B | €1,125 | €2,253 | +€1,128 | +100% |
| Recurring financial charges | 65 | €1,125 | €2,253 | +€1,128 | +100% |
| Profit (loss) for the period before taxes | 9903 | €11,909 | €41,225 | +€29,316 | +246% |
| Income taxes | 67/77 | €2,730 | €9,577 | +€6,847 | +251% |
| Profit (loss) for the period | 9904 | €9,179 | €31,648 | +€22,469 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €9,179 | €31,648 | +€22,469 | +245% |
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 15 October 2026 via checked.be.