Bertels Consult: 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.
Bertels Consult
Largest movements
- Receivables within one year +€37,276
up €37,276 (+148.4%), from €25,113 to €62,388
- Current investments +€36,000
up €36,000 (+44.4%), from €81,000 to €117,000
- Cash +€15,680
up €15,680 (+18.9%), from €82,883 to €98,563
mainly Net result for the year (+€94,895) and Tax, wage and social debts (+€27,667)
- Tangible fixed assets +€13,198
up €13,198 (+60.8%), from €21,698 to €34,896
- Reserves +€95,000
up €95,000 (+63.3%), from €150,000 to €245,000
- Tax, wage and social debts +€27,667
up €27,667 (+140.4%), from €19,708 to €47,375
- Trade debts -€26,787
down €26,787 (-86.4%), from €31,008 to €4,222
- Other debts +€6,214
up €6,214 (+363.1%), from €1,711 to €7,925
- Gross operating margin +€64,549
up €64,549 (+94.4%), from €68,403 to €132,952
- Taxes +€14,248
up €14,248 (+114.6%), from €12,431 to €26,679
- Financial income +€3,877
up €3,877 (+184633.3%), from €2 to €3,879
- Depreciation +€1,519
up €1,519 (+12.4%), from €12,296 to €13,815
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 | €210,858 | €312,848 | +€101,990 | +48.4% |
| Fixed assets | 21/28 | €21,698 | €34,896 | +€13,198 | +60.8% |
| Tangible fixed assets | 22/27 | €21,698 | €34,896 | +€13,198 | +60.8% |
| Furniture and vehicles | 24 | €21,698 | €34,896 | +€13,198 | +60.8% |
| Current assets | 29/58 | €189,160 | €277,952 | +€88,792 | +46.9% |
| Amounts receivable within one year | 40/41 | €25,113 | €62,388 | +€37,276 | +148.4% |
| Trade receivables | 40 | €25,113 | €62,388 | +€37,276 | +148.4% |
| Current investments | 50/53 | €81,000 | €117,000 | +€36,000 | +44.4% |
| Cash at bank and in hand | 54/58 | €82,883 | €98,563 | +€15,680 | +18.9% |
| Deferred charges and accrued income | 490/1 | €164 | - | -€164 | |
| Total equity and liabilities | 10/49 | €210,858 | €312,848 | +€101,990 | +48.4% |
| Equity | 10/15 | €158,431 | €253,326 | +€94,895 | +59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €245,000 | +€95,000 | +63.3% |
| Distributable reserves | 133 | €150,000 | €245,000 | +€95,000 | +63.3% |
| Profit (loss) carried forward | 14 | €3,431 | €3,326 | -€105 | -3.1% |
| Amounts payable | 17/49 | €52,427 | €59,522 | +€7,095 | +13.5% |
| Amounts payable within one year | 42/48 | €52,427 | €59,522 | +€7,095 | +13.5% |
| Trade debts | 44 | €31,008 | €4,222 | -€26,787 | -86.4% |
| Suppliers | 440/4 | €31,008 | €4,222 | -€26,787 | -86.4% |
| Taxes, remuneration and social security | 45 | €19,708 | €47,375 | +€27,667 | +140.4% |
| Taxes | 450/3 | €19,708 | €47,375 | +€27,667 | +140.4% |
| Other amounts payable | 47/48 | €1,711 | €7,925 | +€6,214 | +363.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,296 | €13,815 | +€1,519 | +12.4% |
| Other operating charges | 640/8 | €561 | €1,220 | +€659 | +117.4% |
| Gross operating margin | 9900 | €68,403 | €132,952 | +€64,549 | +94.4% |
| Operating profit (loss) | 9901 | €55,546 | €117,917 | +€62,372 | +112.3% |
| Financial income | 75/76B | €2 | €3,879 | +€3,877 | +184633.3% |
| Recurring financial income | 75 | €2 | €3,879 | +€3,877 | +184633.3% |
| Financial charges | 65/66B | €161 | €223 | +€62 | +38.4% |
| Recurring financial charges | 65 | €161 | €223 | +€62 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €55,387 | €121,574 | +€66,187 | +119.5% |
| Income taxes | 67/77 | €12,431 | €26,679 | +€14,248 | +114.6% |
| Profit (loss) for the period | 9904 | €42,955 | €94,895 | +€51,939 | +120.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,955 | €94,895 | +€51,939 | +120.9% |
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 8 October 2026 via checked.be.