B. Bertha: 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.
B. Bertha
Largest movements
- Receivables within one year -€1,184
down €1,184 (-80.4%), from €1,472 to €288
of which Other amounts receivable: -€1,184
- Cash +€888
up €888 (+3,664%), from €24 to €912
mainly Net result for the year (+€3,586) and Depreciation (+€3,525)
- Tangible fixed assets +€774
up €774 (+7.7%), from €10,078 to €10,852
of which Furniture and vehicles: +€4,159
- Stocks and contracts +€294
new in 2025: €294
- Profit (loss) carried forward +€3,586
up €3,586, from -€366 to €3,220
- Current portion of long-term debt -€3,556
down €3,556 (-100%), from €3,556 to €0
- Tax, wage and social debts +€1,159
up €1,159 (+71.4%), from €1,623 to €2,782
- Trade debts -€418
down €418 (-23.7%), from €1,761 to €1,344
- Gross operating margin +€946
up €946 (+10.9%), from €8,672 to €9,618
- Other operating charges -€274
down €274 (-35.1%), from €780 to €506
- Financial charges -€228
down €228 (-30.5%), from €746 to €518
- Taxes +€183
up €183 (+14.1%), from €1,300 to €1,482
- Depreciation +€140
up €140 (+4.1%), from €3,386 to €3,525
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 | €11,574 | €12,346 | +€771 | +6.7% |
| Fixed assets | 21/28 | €10,078 | €10,852 | +€774 | +7.7% |
| Tangible fixed assets | 22/27 | €10,078 | €10,852 | +€774 | +7.7% |
| Furniture and vehicles | 24 | - | €4,159 | +€4,159 | |
| Leasing and similar rights | 25 | €10,078 | €6,693 | -€3,386 | -33.6% |
| Current assets | 29/58 | €1,496 | €1,494 | -€2 | -0.2% |
| Stocks and contracts in progress | 3 | - | €294 | +€294 | |
| Stocks | 30/36 | - | €294 | +€294 | |
| Amounts receivable within one year | 40/41 | €1,472 | €288 | -€1,184 | -80.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,472 | €288 | -€1,184 | -80.4% |
| Cash at bank and in hand | 54/58 | €24 | €912 | +€888 | +3,664% |
| Total equity and liabilities | 10/49 | €11,574 | €12,346 | +€771 | +6.7% |
| Equity | 10/15 | €4,634 | €8,220 | +€3,586 | +77.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€366 | €3,220 | +€3,586 | |
| Amounts payable | 17/49 | €6,940 | €4,125 | -€2,815 | -40.6% |
| Amounts payable within one year | 42/48 | €6,940 | €4,125 | -€2,815 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €3,556 | €0 | -€3,556 | -100% |
| Trade debts | 44 | €1,761 | €1,344 | -€418 | -23.7% |
| Suppliers | 440/4 | €1,761 | €1,344 | -€418 | -23.7% |
| Taxes, remuneration and social security | 45 | €1,623 | €2,782 | +€1,159 | +71.4% |
| Taxes | 450/3 | €1,623 | €2,782 | +€1,159 | +71.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,386 | €3,525 | +€140 | +4.1% |
| Other operating charges | 640/8 | €780 | €506 | -€274 | -35.1% |
| Gross operating margin | 9900 | €8,672 | €9,618 | +€946 | +10.9% |
| Operating profit (loss) | 9901 | €4,506 | €5,586 | +€1,080 | +24.0% |
| Financial charges | 65/66B | €746 | €518 | -€228 | -30.5% |
| Recurring financial charges | 65 | €746 | €518 | -€228 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €3,760 | €5,068 | +€1,308 | +34.8% |
| Income taxes | 67/77 | €1,300 | €1,482 | +€183 | +14.1% |
| Profit (loss) for the period | 9904 | €2,461 | €3,586 | +€1,125 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,461 | €3,586 | +€1,125 | +45.7% |
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 25 October 2026 via checked.be.