BERTECH: 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.
BERTECH
Largest movements
- Current investments -€82,927
down €82,927 (-38.9%), from €212,927 to €130,000
- Cash +€76,783
up €76,783 (+3031.6%), from €2,533 to €79,315
mainly Current investments (+€82,927) and Net result for the year (+€43,477)
- Receivables within one year +€61,139
up €61,139 (+58.9%), from €103,862 to €165,001
of which Trade receivables: +€54,853
- Tangible fixed assets -€14,021
down €14,021 (-40.1%), from €34,983 to €20,963
of which Furniture and vehicles: -€13,796
- Reserves +€43,477
up €43,477 (+17.3%), from €250,734 to €294,211
- Tax, wage and social debts -€4,098
down €4,098 (-48.5%), from €8,452 to €4,354
of which Taxes: -€4,266
- Turnover +€16,404
up €16,404 (+15.3%), from €107,146 to €123,550
- Financial income +€13,171
up €13,171 (+636.0%), from €2,071 to €15,241
of which Non-recurring financial income: +€7,624
- Gross operating margin +€7,981
up €7,981 (+9.7%), from €82,099 to €90,080
- Depreciation +€4,390
up €4,390 (+47.9%), from €9,156 to €13,546
- Taxes -€3,942
down €3,942 (-17.7%), from €22,321 to €18,379
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.
Cash bridge derived
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 | €354,438 | €395,546 | +€41,108 | +11.6% |
| Fixed assets | 21/28 | €34,983 | €20,963 | -€14,021 | -40.1% |
| Tangible fixed assets | 22/27 | €34,983 | €20,963 | -€14,021 | -40.1% |
| Plant, machinery and equipment | 23 | €2,080 | €1,855 | -€225 | -10.8% |
| Furniture and vehicles | 24 | €32,904 | €19,108 | -€13,796 | -41.9% |
| Current assets | 29/58 | €319,455 | €374,584 | +€55,129 | +17.3% |
| Amounts receivable within one year | 40/41 | €103,862 | €165,001 | +€61,139 | +58.9% |
| Trade receivables | 40 | €102,362 | €157,215 | +€54,853 | +53.6% |
| Other amounts receivable | 41 | €1,500 | €7,786 | +€6,286 | +419.1% |
| Current investments | 50/53 | €212,927 | €130,000 | -€82,927 | -38.9% |
| Cash at bank and in hand | 54/58 | €2,533 | €79,315 | +€76,783 | +3031.6% |
| Deferred charges and accrued income | 490/1 | €134 | €268 | +€134 | +100.4% |
| Total equity and liabilities | 10/49 | €354,438 | €395,546 | +€41,108 | +11.6% |
| Equity | 10/15 | €263,134 | €306,611 | +€43,477 | +16.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €250,734 | €294,211 | +€43,477 | +17.3% |
| Distributable reserves | 133 | €250,734 | €294,211 | +€43,477 | +17.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,305 | €88,936 | -€2,369 | -2.6% |
| Amounts payable within one year | 42/48 | €91,305 | €88,936 | -€2,369 | -2.6% |
| Trade debts | 44 | €2,689 | €4,197 | +€1,507 | +56.0% |
| Suppliers | 440/4 | €2,689 | €4,197 | +€1,507 | +56.0% |
| Taxes, remuneration and social security | 45 | €8,452 | €4,354 | -€4,098 | -48.5% |
| Taxes | 450/3 | €6,942 | €2,676 | -€4,266 | -61.5% |
| Remuneration and social security | 454/9 | €1,510 | €1,678 | +€169 | +11.2% |
| Other amounts payable | 47/48 | €80,163 | €80,385 | +€222 | +0.3% |
| Turnover | 70 | €107,146 | €123,550 | +€16,404 | +15.3% |
| Non-recurring operating income | 76A | €8,430 | €126 | -€8,305 | -98.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,477 | €33,595 | +€118 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,156 | €13,546 | +€4,390 | +47.9% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Non-recurring operating charges | 66A | - | €23,738 | +€23,738 | |
| Gross operating margin | 9900 | €82,099 | €90,080 | +€7,981 | +9.7% |
| Operating profit (loss) | 9901 | €72,374 | €52,210 | -€20,163 | -27.9% |
| Financial income | 75/76B | €2,071 | €15,241 | +€13,171 | +636.0% |
| Recurring financial income | 75 | €2,071 | €7,617 | +€5,547 | +267.9% |
| Non-recurring financial income | 76B | - | €7,624 | +€7,624 | |
| Financial charges | 65/66B | €5,063 | €5,595 | +€532 | +10.5% |
| Recurring financial charges | 65 | €5,063 | €5,595 | +€532 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €69,381 | €61,856 | -€7,524 | -10.8% |
| Income taxes | 67/77 | €22,321 | €18,379 | -€3,942 | -17.7% |
| Profit (loss) for the period | 9904 | €47,059 | €43,477 | -€3,582 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,059 | €43,477 | -€3,582 | -7.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.