Bert.: 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.
Bert.
Largest movements
- Current investments +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Cash +€4,851
up €4,851 (+40.1%), from €12,105 to €16,956
mainly Net result for the year (+€56,219) and Tax, wage and social debts (+€2,749)
- Receivables within one year +€1,891
up €1,891 (+14.0%), from €13,473 to €15,364
- Reserves +€54,553
up €54,553 (+113%), from €48,155 to €102,709
- Tax, wage and social debts +€2,749
up €2,749 (+12.2%), from €22,443 to €25,192
- Gross operating margin +€7,297
up €7,297 (+11.6%), from €63,177 to €70,474
- Taxes +€1,740
up €1,740 (+13.3%), from €13,122 to €14,862
- Financial income +€1,300
new in 2025: €1,300
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 | €76,687 | €133,358 | +€56,671 | +73.9% |
| Fixed assets | 21/28 | €1,108 | €720 | -€388 | -35.0% |
| Tangible fixed assets | 22/27 | €1,108 | €720 | -€388 | -35.0% |
| Plant, machinery and equipment | 23 | €1,108 | €720 | -€388 | -35.0% |
| Current assets | 29/58 | €75,579 | €132,638 | +€57,059 | +75.5% |
| Amounts receivable within one year | 40/41 | €13,473 | €15,364 | +€1,891 | +14.0% |
| Trade receivables | 40 | €13,473 | €15,364 | +€1,891 | +14.0% |
| Current investments | 50/53 | €50,000 | €100,000 | +€50,000 | +100% |
| Cash at bank and in hand | 54/58 | €12,105 | €16,956 | +€4,851 | +40.1% |
| Deferred charges and accrued income | 490/1 | - | €318 | +€318 | |
| Total equity and liabilities | 10/49 | €76,687 | €133,358 | +€56,671 | +73.9% |
| Equity | 10/15 | €51,155 | €105,709 | +€54,553 | +107% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €48,155 | €102,709 | +€54,553 | +113% |
| Distributable reserves | 133 | €48,155 | €102,709 | +€54,553 | +113% |
| Amounts payable | 17/49 | €25,532 | €27,649 | +€2,118 | +8.3% |
| Amounts payable within one year | 42/48 | €25,532 | €27,649 | +€2,118 | +8.3% |
| Trade debts | 44 | €1,123 | €428 | -€696 | -61.9% |
| Suppliers | 440/4 | €1,123 | €428 | -€696 | -61.9% |
| Taxes, remuneration and social security | 45 | €22,443 | €25,192 | +€2,749 | +12.2% |
| Taxes | 450/3 | €22,443 | €25,192 | +€2,749 | +12.2% |
| Other amounts payable | 47/48 | €1,965 | €2,030 | +€64 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €388 | +€332 | +589% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €63,177 | €70,474 | +€7,297 | +11.6% |
| Operating profit (loss) | 9901 | €63,002 | €69,966 | +€6,964 | +11.1% |
| Financial income | 75/76B | - | €1,300 | +€1,300 | |
| Recurring financial income | 75 | - | €1,300 | +€1,300 | |
| Financial charges | 65/66B | €7 | €185 | +€177 | +2,444% |
| Recurring financial charges | 65 | €7 | €185 | +€177 | +2,444% |
| Profit (loss) for the period before taxes | 9903 | €62,995 | €71,082 | +€8,086 | +12.8% |
| Income taxes | 67/77 | €13,122 | €14,862 | +€1,740 | +13.3% |
| Profit (loss) for the period | 9904 | €49,873 | €56,219 | +€6,346 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,873 | €56,219 | +€6,346 | +12.7% |
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 13 October 2026 via checked.be.