BERT CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€41,545
up €41,545 (+4,180%), from €994 to €42,538
- Receivables after one year +€33,193
up €33,193 (+23.3%), from €142,722 to €175,916
- Receivables within one year +€14,790
up €14,790 (+22.2%), from €66,602 to €81,392
of which Trade receivables: +€11,226
- Cash -€5,177
down €5,177 (-28.4%), from €18,206 to €13,028
mainly Investment in fixed assets (net) (-€44,558) and Receivables after one year (-€33,193)
- Reserves +€89,699
up €89,699 (+54.6%), from €164,315 to €254,014
- Tax, wage and social debts -€14,322
down €14,322 (-25.8%), from €55,514 to €41,192
- Trade debts +€8,974
up €8,974 (+117%), from €7,695 to €16,669
- Gross operating margin +€19,264
up €19,264 (+20.3%), from €94,876 to €114,141
- Taxes +€4,511
up €4,511 (+22.3%), from €20,234 to €24,744
- Depreciation +€2,674
up €2,674 (+786%), from €340 to €3,014
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 | €228,524 | €312,874 | +€84,351 | +36.9% |
| Fixed assets | 21/28 | €994 | €42,538 | +€41,545 | +4,180% |
| Tangible fixed assets | 22/27 | €994 | €42,538 | +€41,545 | +4,180% |
| Furniture and vehicles | 24 | €994 | €42,538 | +€41,545 | +4,180% |
| Current assets | 29/58 | €227,530 | €270,336 | +€42,806 | +18.8% |
| Amounts receivable after more than one year | 29 | €142,722 | €175,916 | +€33,193 | +23.3% |
| Other amounts receivable | 291 | €142,722 | €175,916 | +€33,193 | +23.3% |
| Amounts receivable within one year | 40/41 | €66,602 | €81,392 | +€14,790 | +22.2% |
| Trade receivables | 40 | €50,738 | €61,963 | +€11,226 | +22.1% |
| Other amounts receivable | 41 | €15,864 | €19,429 | +€3,564 | +22.5% |
| Cash at bank and in hand | 54/58 | €18,206 | €13,028 | -€5,177 | -28.4% |
| Total equity and liabilities | 10/49 | €228,524 | €312,874 | +€84,351 | +36.9% |
| Equity | 10/15 | €165,315 | €255,014 | +€89,699 | +54.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €164,315 | €254,014 | +€89,699 | +54.6% |
| Distributable reserves | 133 | €164,315 | €254,014 | +€89,699 | +54.6% |
| Amounts payable | 17/49 | €63,209 | €57,861 | -€5,348 | -8.5% |
| Amounts payable within one year | 42/48 | €63,209 | €57,861 | -€5,348 | -8.5% |
| Trade debts | 44 | €7,695 | €16,669 | +€8,974 | +117% |
| Suppliers | 440/4 | €7,695 | €16,669 | +€8,974 | +117% |
| Taxes, remuneration and social security | 45 | €55,514 | €41,192 | -€14,322 | -25.8% |
| Taxes | 450/3 | €55,514 | €41,192 | -€14,322 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €3,014 | +€2,674 | +786% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €94,876 | €114,141 | +€19,264 | +20.3% |
| Operating profit (loss) | 9901 | €94,031 | €110,607 | +€16,576 | +17.6% |
| Financial income | 75/76B | €4,733 | €3,991 | -€742 | -15.7% |
| Recurring financial income | 75 | €4,733 | €3,991 | -€742 | -15.7% |
| Financial charges | 65/66B | €586 | €155 | -€431 | -73.6% |
| Recurring financial charges | 65 | €586 | €155 | -€431 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €98,178 | €114,443 | +€16,265 | +16.6% |
| Income taxes | 67/77 | €20,234 | €24,744 | +€4,511 | +22.3% |
| Profit (loss) for the period | 9904 | €77,945 | €89,699 | +€11,754 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,945 | €89,699 | +€11,754 | +15.1% |
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 18 October 2026 via checked.be.