ALGEMENE BEZETTINGSWERKEN BERTELS: what changed
ALGEMENE BEZETTINGSWERKEN BERTELS
Largest movements
- Tangible fixed assets -€19,198
down €19,198 (-25.3%), from €75,891 to €56,693
of which Leasing and similar rights: -€16,607
- Receivables within one year +€18,969
up €18,969 (+249%), from €7,611 to €26,579
of which Trade receivables: +€13,748
- Cash -€11,535
no longer reported in 2025 (was €11,535)
mainly Receivables within one year (-€18,969) and Debts after one year (-€17,357)
- Debts after one year -€17,357
down €17,357 (-33.6%), from €51,601 to €34,244
- Current portion of long-term debt +€2,215
up €2,215 (+13.8%), from €15,995 to €18,210
- Tax, wage and social debts +€2,178
up €2,178 (+337%), from €647 to €2,824
- Trade debts +€2,100
up €2,100 (+32.4%), from €6,481 to €8,580
- Profit (loss) carried forward -€2,049
new in 2025: -€2,049
- Financial charges +€3,309
up €3,309 (+139%), from €2,376 to €5,686
- Depreciation +€2,880
up €2,880 (+16.4%), from €17,523 to €20,403
- Gross operating margin +€1,647
up €1,647 (+7.0%), from €23,614 to €25,261
- Other operating charges -€1,144
down €1,144 (-67.0%), from €1,708 to €564
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 | €95,154 | €83,272 | -€11,881 | -12.5% |
| Fixed assets | 21/28 | €75,891 | €56,693 | -€19,198 | -25.3% |
| Tangible fixed assets | 22/27 | €75,891 | €56,693 | -€19,198 | -25.3% |
| Plant, machinery and equipment | 23 | €9,500 | €7,409 | -€2,091 | -22.0% |
| Furniture and vehicles | 24 | €1,164 | €665 | -€499 | -42.9% |
| Leasing and similar rights | 25 | €65,226 | €48,619 | -€16,607 | -25.5% |
| Current assets | 29/58 | €19,263 | €26,579 | +€7,316 | +38.0% |
| Amounts receivable within one year | 40/41 | €7,611 | €26,579 | +€18,969 | +249% |
| Trade receivables | 40 | €5,174 | €18,922 | +€13,748 | +266% |
| Other amounts receivable | 41 | €2,436 | €7,657 | +€5,221 | +214% |
| Cash at bank and in hand | 54/58 | €11,535 | - | -€11,535 | |
| Deferred charges and accrued income | 490/1 | €118 | - | -€118 | |
| Total equity and liabilities | 10/49 | €95,154 | €83,272 | -€11,881 | -12.5% |
| Equity | 10/15 | €18,979 | €16,930 | -€2,049 | -10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,779 | €12,779 | = | 0.0% |
| Distributable reserves | 133 | €12,779 | €12,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,049 | -€2,049 | |
| Amounts payable | 17/49 | €76,175 | €66,343 | -€9,832 | -12.9% |
| Amounts payable after more than one year | 17 | €51,601 | €34,244 | -€17,357 | -33.6% |
| Financial debts | 170/4 | €51,601 | €34,244 | -€17,357 | -33.6% |
| Amounts payable within one year | 42/48 | €24,574 | €32,098 | +€7,525 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €15,995 | €18,210 | +€2,215 | +13.8% |
| Trade debts | 44 | €6,481 | €8,580 | +€2,100 | +32.4% |
| Suppliers | 440/4 | €6,481 | €8,580 | +€2,100 | +32.4% |
| Taxes, remuneration and social security | 45 | €647 | €2,824 | +€2,178 | +337% |
| Taxes | 450/3 | €647 | €2,824 | +€2,178 | +337% |
| Other amounts payable | 47/48 | €1,452 | €2,484 | +€1,032 | +71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,523 | €20,403 | +€2,880 | +16.4% |
| Other operating charges | 640/8 | €1,708 | €564 | -€1,144 | -67.0% |
| Gross operating margin | 9900 | €23,614 | €25,261 | +€1,647 | +7.0% |
| Operating profit (loss) | 9901 | €4,383 | €4,294 | -€89 | -2.0% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €2,376 | €5,686 | +€3,309 | +139% |
| Recurring financial charges | 65 | €2,376 | €5,686 | +€3,309 | +139% |
| Profit (loss) for the period before taxes | 9903 | €2,016 | -€1,392 | -€3,408 | |
| Income taxes | 67/77 | €647 | €657 | +€10 | +1.6% |
| Profit (loss) for the period | 9904 | €1,369 | -€2,049 | -€3,418 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,369 | -€2,049 | -€3,418 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.