BERTEAU: what changed
Two fiscal 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.
BERTEAU
Largest movements
- Stocks and contracts +€12,158
up €12,158 (+11.1%), from €109,961 to €122,120
- Tangible fixed assets -€9,405
down €9,405 (-33.3%), from €28,224 to €18,819
- Cash +€3,924
up €3,924 (+68.6%), from €5,717 to €9,642
mainly Net result for the year (+€37,816) and Depreciation (+€11,441)
- Deferred charges and accrued income +€1,883
up €1,883 (+85.4%), from €2,205 to €4,088
- Profit (loss) carried forward +€37,816
up €37,816, from -€31,714 to €6,102
- Short-term financial debts -€20,340
no longer reported in 2022 (was €20,340)
- Debts after one year -€12,170
down €12,170 (-11.0%), from €110,510 to €98,340
of which Other amounts payable: -€12,170
- Tax, wage and social debts +€3,270
up €3,270 (+205.3%), from €1,593 to €4,863
of which Taxes: +€2,270
- Gross operating margin +€37,308
up €37,308 (+254.1%), from €14,681 to €51,989
- Taxes -€2,455
no longer reported in 2022 (was €2,455)
From the 2021 result to the 2022 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.
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,522 | €162,015 | +€8,493 | +5.5% |
| Fixed assets | 21/28 | €28,812 | €19,407 | -€9,405 | -32.6% |
| Tangible fixed assets | 22/27 | €28,224 | €18,819 | -€9,405 | -33.3% |
| Furniture and vehicles | 24 | €28,224 | €18,819 | -€9,405 | -33.3% |
| Financial fixed assets | 28 | €587 | €587 | = | 0.0% |
| Current assets | 29/58 | €124,710 | €142,608 | +€17,898 | +14.4% |
| Stocks and contracts in progress | 3 | €109,961 | €122,120 | +€12,158 | +11.1% |
| Stocks | 30/36 | €109,961 | €122,120 | +€12,158 | +11.1% |
| Amounts receivable within one year | 40/41 | €6,756 | €6,688 | -€68 | -1.0% |
| Other amounts receivable | 41 | €6,756 | €6,688 | -€68 | -1.0% |
| Current investments | 50/53 | €70 | €70 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,717 | €9,642 | +€3,924 | +68.6% |
| Deferred charges and accrued income | 490/1 | €2,205 | €4,088 | +€1,883 | +85.4% |
| Total equity and liabilities | 10/49 | €153,522 | €162,015 | +€8,493 | +5.5% |
| Equity | 10/15 | €18,485 | €56,301 | +€37,816 | +204.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,606 | €31,606 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,606 | €31,606 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €29,747 | €29,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,714 | €6,102 | +€37,816 | |
| Amounts payable | 17/49 | €135,037 | €105,714 | -€29,323 | -21.7% |
| Amounts payable after more than one year | 17 | €110,510 | €98,340 | -€12,170 | -11.0% |
| Financial debts | 170/4 | €508 | €508 | = | 0.0% |
| Other amounts payable | 178/9 | €110,003 | €97,833 | -€12,170 | -11.1% |
| Amounts payable within one year | 42/48 | €24,527 | €7,374 | -€17,153 | -69.9% |
| Financial debts | 43 | €20,340 | - | -€20,340 | |
| Credit institutions | 430/8 | €20,340 | - | -€20,340 | |
| Trade debts | 44 | €2,594 | €2,510 | -€84 | -3.2% |
| Suppliers | 440/4 | €2,594 | €2,510 | -€84 | -3.2% |
| Taxes, remuneration and social security | 45 | €1,593 | €4,863 | +€3,270 | +205.3% |
| Taxes | 450/3 | €593 | €2,863 | +€2,270 | +382.9% |
| Remuneration and social security | 454/9 | €1,000 | €2,000 | +€1,000 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,536 | €11,441 | -€95 | -0.8% |
| Other operating charges | 640/8 | €1,029 | €970 | -€59 | -5.8% |
| Gross operating margin | 9900 | €14,681 | €51,989 | +€37,308 | +254.1% |
| Operating profit (loss) | 9901 | €2,116 | €39,579 | +€37,463 | +1770.5% |
| Financial charges | 65/66B | €1,394 | €1,763 | +€369 | +26.4% |
| Recurring financial charges | 65 | €1,394 | €1,763 | +€369 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €722 | €37,816 | +€37,094 | +5139.5% |
| Income taxes | 67/77 | €2,455 | - | -€2,455 | |
| Profit (loss) for the period | 9904 | -€1,734 | €37,816 | +€39,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,734 | €37,816 | +€39,549 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.