Bertels Nele: 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.
Bertels Nele
Largest movements
- Cash -€27,372
down €27,372 (-72.4%), from €37,832 to €10,460
mainly Contributions, distributions and other (-€48,588) and Receivables within one year (-€25,616)
- Receivables within one year +€25,616
up €25,616 (+134.2%), from €19,091 to €44,707
of which Other amounts receivable: +€28,941
- Tangible fixed assets -€4,465
down €4,465 (-26.5%), from €16,869 to €12,404
of which Furniture and vehicles: -€10,700
- Reserves -€48,588
down €48,588 (-88.2%), from €55,078 to €6,491
- Other debts +€48,588
new in 2025: €48,588
- Profit (loss) carried forward +€6,115
up €6,115 (+92.4%), from -€6,621 to -€506
- Debts after one year -€4,760
no longer reported in 2025 (was €4,760)
- Current portion of long-term debt -€3,342
down €3,342 (-41.3%), from €8,102 to €4,760
- Gross operating margin +€16,485
up €16,485 (+1845.0%), from €894 to €17,378
- Financial income -€2,888
down €2,888 (-66.3%), from €4,353 to €1,465
- Depreciation +€703
up €703 (+6.7%), from €10,480 to €11,183
- Taxes +€374
up €374 (+271.5%), from €138 to €512
- Other operating charges -€286
down €286 (-28.9%), from €993 to €706
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 | €75,139 | €68,894 | -€6,245 | -8.3% |
| Fixed assets | 21/28 | €16,869 | €12,404 | -€4,465 | -26.5% |
| Tangible fixed assets | 22/27 | €16,869 | €12,404 | -€4,465 | -26.5% |
| Plant, machinery and equipment | 23 | €0 | €6,235 | +€6,235 | |
| Furniture and vehicles | 24 | €16,869 | €6,169 | -€10,700 | -63.4% |
| Current assets | 29/58 | €58,271 | €56,490 | -€1,780 | -3.1% |
| Amounts receivable within one year | 40/41 | €19,091 | €44,707 | +€25,616 | +134.2% |
| Trade receivables | 40 | €6,648 | €3,323 | -€3,325 | -50.0% |
| Other amounts receivable | 41 | €12,443 | €41,384 | +€28,941 | +232.6% |
| Cash at bank and in hand | 54/58 | €37,832 | €10,460 | -€27,372 | -72.4% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,323 | -€24 | -1.8% |
| Total equity and liabilities | 10/49 | €75,139 | €68,894 | -€6,245 | -8.3% |
| Equity | 10/15 | €54,657 | €12,185 | -€42,472 | -77.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,078 | €6,491 | -€48,588 | -88.2% |
| Distributable reserves | 133 | €55,078 | €6,491 | -€48,588 | -88.2% |
| Profit (loss) carried forward | 14 | -€6,621 | -€506 | +€6,115 | +92.4% |
| Amounts payable | 17/49 | €20,482 | €56,709 | +€36,227 | +176.9% |
| Amounts payable after more than one year | 17 | €4,760 | - | -€4,760 | |
| Financial debts | 170/4 | €4,760 | - | -€4,760 | |
| Amounts payable within one year | 42/48 | €13,706 | €56,709 | +€43,003 | +313.7% |
| Current portion of amounts payable after more than one year | 42 | €8,102 | €4,760 | -€3,342 | -41.3% |
| Trade debts | 44 | €2,330 | €1,969 | -€361 | -15.5% |
| Suppliers | 440/4 | €2,330 | €1,969 | -€361 | -15.5% |
| Taxes, remuneration and social security | 45 | €3,275 | €1,393 | -€1,882 | -57.5% |
| Taxes | 450/3 | €3,275 | - | -€3,275 | |
| Remuneration and social security | 454/9 | - | €1,393 | +€1,393 | |
| Other amounts payable | 47/48 | - | €48,588 | +€48,588 | |
| Accrued charges and deferred income | 492/3 | €2,016 | - | -€2,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,480 | €11,183 | +€703 | +6.7% |
| Other operating charges | 640/8 | €993 | €706 | -€286 | -28.9% |
| Gross operating margin | 9900 | €894 | €17,378 | +€16,485 | +1845.0% |
| Operating profit (loss) | 9901 | -€10,579 | €5,489 | +€16,068 | |
| Financial income | 75/76B | €4,353 | €1,465 | -€2,888 | -66.3% |
| Recurring financial income | 75 | €4,353 | €1,465 | -€2,888 | -66.3% |
| Financial charges | 65/66B | €257 | €327 | +€69 | +26.9% |
| Recurring financial charges | 65 | €257 | €327 | +€69 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,484 | €6,627 | +€13,111 | |
| Income taxes | 67/77 | €138 | €512 | +€374 | +271.5% |
| Profit (loss) for the period | 9904 | -€6,621 | €6,115 | +€12,737 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,621 | €6,115 | +€12,737 |
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 9 October 2026 via checked.be.