BERTA IMMO: 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.
BERTA IMMO
Largest movements
- Tangible fixed assets +€201,565
up €201,565 (+96.7%), from €208,488 to €410,053
- Stocks and contracts +€116,600
up €116,600 (+45.1%), from €258,400 to €375,000
- Receivables within one year -€24,760
no longer reported in 2025 (was €24,760)
- Debts after one year +€161,713
up €161,713 (+35.4%), from €456,283 to €617,996
- Current portion of long-term debt +€118,870
up €118,870 (+253%), from €46,998 to €165,867
- Trade debts +€26,818
up €26,818 (+2,463%), from €1,089 to €27,907
- Gross operating margin +€52,191
up €52,191, from -€21,901 to €30,290
- Other operating charges -€24,683
down €24,683 (-90.2%), from €27,359 to €2,676
- Financial charges +€13,478
up €13,478 (+158%), from €8,534 to €22,012
- Depreciation +€8,774
up €8,774 (+354%), from €2,480 to €11,254
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 | €499,965 | €795,844 | +€295,879 | +59.2% |
| Fixed assets | 21/28 | €208,488 | €410,053 | +€201,565 | +96.7% |
| Tangible fixed assets | 22/27 | €208,488 | €410,053 | +€201,565 | +96.7% |
| Land and buildings | 22 | €208,488 | €410,053 | +€201,565 | +96.7% |
| Current assets | 29/58 | €291,477 | €385,791 | +€94,314 | +32.4% |
| Stocks and contracts in progress | 3 | €258,400 | €375,000 | +€116,600 | +45.1% |
| Stocks | 30/36 | €258,400 | €375,000 | +€116,600 | +45.1% |
| Amounts receivable within one year | 40/41 | €24,760 | - | -€24,760 | |
| Trade receivables | 40 | €24,760 | - | -€24,760 | |
| Cash at bank and in hand | 54/58 | €7,819 | €9,748 | +€1,928 | +24.7% |
| Deferred charges and accrued income | 490/1 | €498 | €1,043 | +€546 | +110% |
| Total equity and liabilities | 10/49 | €499,965 | €795,844 | +€295,879 | +59.2% |
| Equity | 10/15 | -€10,274 | -€15,926 | -€5,652 | -55.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,274 | -€65,926 | -€5,652 | -9.4% |
| Amounts payable | 17/49 | €510,239 | €811,771 | +€301,531 | +59.1% |
| Amounts payable after more than one year | 17 | €456,283 | €617,996 | +€161,713 | +35.4% |
| Financial debts | 170/4 | €456,283 | €617,996 | +€161,713 | +35.4% |
| Amounts payable within one year | 42/48 | €53,957 | €193,775 | +€139,818 | +259% |
| Current portion of amounts payable after more than one year | 42 | €46,998 | €165,867 | +€118,870 | +253% |
| Financial debts | 43 | €5,870 | - | -€5,870 | |
| Credit institutions | 430/8 | €5,870 | - | -€5,870 | |
| Trade debts | 44 | €1,089 | €27,907 | +€26,818 | +2,463% |
| Suppliers | 440/4 | €1,089 | €27,907 | +€26,818 | +2,463% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,480 | €11,254 | +€8,774 | +354% |
| Other operating charges | 640/8 | €27,359 | €2,676 | -€24,683 | -90.2% |
| Gross operating margin | 9900 | -€21,901 | €30,290 | +€52,191 | |
| Operating profit (loss) | 9901 | -€51,740 | €16,360 | +€68,100 | |
| Financial charges | 65/66B | €8,534 | €22,012 | +€13,478 | +158% |
| Recurring financial charges | 65 | €8,534 | €22,012 | +€13,478 | +158% |
| Profit (loss) for the period before taxes | 9903 | -€60,274 | -€5,652 | +€54,622 | +90.6% |
| Profit (loss) for the period | 9904 | -€60,274 | -€5,652 | +€54,622 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,274 | -€5,652 | +€54,622 | +90.6% |
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.