Bertem Brug: 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.
Bertem Brug
Largest movements
- Receivables after one year -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Cash +€40,798
up €40,798 (+26.9%), from €151,745 to €192,543
mainly Receivables after one year (+€70,000) and Depreciation (+€31,509)
- Tangible fixed assets -€8,791
down €8,791 (-11.2%), from €78,295 to €69,504
of which Land and buildings: -€13,854
- Receivables within one year +€7,647
up €7,647 (+9.9%), from €77,383 to €85,030
of which Other amounts receivable: +€21,300
- Reserves -€26,264
down €26,264 (-10.4%), from €251,526 to €225,262
- Trade debts +€24,283
up €24,283 (+125.3%), from €19,373 to €43,656
- Tax, wage and social debts -€19,571
down €19,571 (-28.3%), from €69,224 to €49,653
of which Taxes: -€13,563
- Debts after one year -€9,477
down €9,477 (-41.6%), from €22,782 to €13,306
- Gross operating margin -€49,451
down €49,451 (-13.1%), from €377,006 to €327,555
- Staff costs -€13,443
down €13,443 (-4.1%), from €324,460 to €311,017
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 | €384,879 | €354,353 | -€30,526 | -7.9% |
| Fixed assets | 21/28 | €78,295 | €69,504 | -€8,791 | -11.2% |
| Tangible fixed assets | 22/27 | €78,295 | €69,504 | -€8,791 | -11.2% |
| Land and buildings | 22 | €19,258 | €5,405 | -€13,854 | -71.9% |
| Plant, machinery and equipment | 23 | €19,432 | €16,602 | -€2,830 | -14.6% |
| Furniture and vehicles | 24 | €39,605 | €47,498 | +€7,893 | +19.9% |
| Current assets | 29/58 | €306,583 | €284,849 | -€21,735 | -7.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €0 | -€70,000 | -100.0% |
| Other amounts receivable | 291 | €70,000 | €0 | -€70,000 | -100.0% |
| Stocks and contracts in progress | 3 | €4,126 | €3,540 | -€586 | -14.2% |
| Stocks | 30/36 | €4,126 | €3,540 | -€586 | -14.2% |
| Amounts receivable within one year | 40/41 | €77,383 | €85,030 | +€7,647 | +9.9% |
| Trade receivables | 40 | €53,113 | €39,460 | -€13,653 | -25.7% |
| Other amounts receivable | 41 | €24,270 | €45,570 | +€21,300 | +87.8% |
| Cash at bank and in hand | 54/58 | €151,745 | €192,543 | +€40,798 | +26.9% |
| Deferred charges and accrued income | 490/1 | €3,329 | €3,735 | +€406 | +12.2% |
| Total equity and liabilities | 10/49 | €384,879 | €354,353 | -€30,526 | -7.9% |
| Equity | 10/15 | €263,921 | €237,656 | -€26,264 | -10.0% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €251,526 | €225,262 | -€26,264 | -10.4% |
| Distributable reserves | 133 | €251,526 | €225,262 | -€26,264 | -10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €120,958 | €116,697 | -€4,261 | -3.5% |
| Amounts payable after more than one year | 17 | €22,782 | €13,306 | -€9,477 | -41.6% |
| Financial debts | 170/4 | €22,782 | €13,306 | -€9,477 | -41.6% |
| Amounts payable within one year | 42/48 | €98,176 | €103,391 | +€5,215 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €9,066 | €9,477 | +€410 | +4.5% |
| Trade debts | 44 | €19,373 | €43,656 | +€24,283 | +125.3% |
| Suppliers | 440/4 | €19,373 | €43,656 | +€24,283 | +125.3% |
| Taxes, remuneration and social security | 45 | €69,224 | €49,653 | -€19,571 | -28.3% |
| Taxes | 450/3 | €36,250 | €22,687 | -€13,563 | -37.4% |
| Remuneration and social security | 454/9 | €32,974 | €26,966 | -€6,008 | -18.2% |
| Other amounts payable | 47/48 | €512 | €605 | +€93 | +18.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €324,460 | €311,017 | -€13,443 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,048 | €31,509 | +€2,461 | +8.5% |
| Other operating charges | 640/8 | €2,276 | €2,289 | +€13 | +0.6% |
| Gross operating margin | 9900 | €377,006 | €327,555 | -€49,451 | -13.1% |
| Operating profit (loss) | 9901 | €21,223 | -€17,259 | -€38,482 | |
| Financial income | 75/76B | €10 | €135 | +€125 | +1204.4% |
| Recurring financial income | 75 | €10 | €135 | +€125 | +1204.4% |
| Financial charges | 65/66B | €2,191 | €3,301 | +€1,110 | +50.6% |
| Recurring financial charges | 65 | €2,191 | €3,301 | +€1,110 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €19,042 | -€20,425 | -€39,467 | |
| Income taxes | 67/77 | €1,731 | €287 | -€1,444 | -83.4% |
| Profit (loss) for the period | 9904 | €17,311 | -€20,712 | -€38,023 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,311 | -€20,712 | -€38,023 |
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.