BERTEMBOS: 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.
BERTEMBOS
Largest movements
- Current investments -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Receivables within one year +€54,554
up €54,554 (+145.0%), from €37,620 to €92,174
of which Trade receivables: +€53,946
- Cash -€17,648
down €17,648 (-28.8%), from €61,187 to €43,539
mainly Receivables within one year (-€54,554) and Contributions, distributions and other (-€30,000)
- Deferred charges and accrued income +€8,198
up €8,198 (+48.5%), from €16,910 to €25,108
- Tangible fixed assets +€5,013
up €5,013 (+6.2%), from €81,285 to €86,298
of which Plant, machinery and equipment: +€12,396
- Trade debts -€18,677
down €18,677 (-46.0%), from €40,590 to €21,913
- Reserves -€16,632
down €16,632 (-10.5%), from €158,863 to €142,231
- Tax, wage and social debts +€10,185
up €10,185 (+40.9%), from €24,924 to €35,109
of which Taxes: +€8,620
- Advances received +€9,587
up €9,587 (+36.6%), from €26,198 to €35,785
- Gross operating margin +€12,029
up €12,029 (+5.2%), from €231,577 to €243,606
- Staff costs +€9,137
up €9,137 (+4.5%), from €201,054 to €210,192
- Depreciation -€7,364
down €7,364 (-30.8%), from €23,900 to €16,535
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 | €272,321 | €256,989 | -€15,332 | -5.6% |
| Fixed assets | 21/28 | €81,285 | €86,298 | +€5,013 | +6.2% |
| Tangible fixed assets | 22/27 | €81,285 | €86,298 | +€5,013 | +6.2% |
| Plant, machinery and equipment | 23 | €19,316 | €31,712 | +€12,396 | +64.2% |
| Furniture and vehicles | 24 | €2,075 | €1,535 | -€540 | -26.0% |
| Other tangible fixed assets | 26 | €59,893 | €53,051 | -€6,843 | -11.4% |
| Current assets | 29/58 | €191,036 | €170,691 | -€20,346 | -10.7% |
| Stocks and contracts in progress | 3 | €5,320 | €9,870 | +€4,550 | +85.5% |
| Stocks | 30/36 | €5,320 | €9,870 | +€4,550 | +85.5% |
| Amounts receivable within one year | 40/41 | €37,620 | €92,174 | +€54,554 | +145.0% |
| Trade receivables | 40 | €35,824 | €89,770 | +€53,946 | +150.6% |
| Other amounts receivable | 41 | €1,796 | €2,404 | +€608 | +33.9% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €61,187 | €43,539 | -€17,648 | -28.8% |
| Deferred charges and accrued income | 490/1 | €16,910 | €25,108 | +€8,198 | +48.5% |
| Total equity and liabilities | 10/49 | €272,321 | €256,989 | -€15,332 | -5.6% |
| Equity | 10/15 | €177,463 | €160,831 | -€16,632 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,863 | €142,231 | -€16,632 | -10.5% |
| Distributable reserves | 133 | €158,863 | €142,231 | -€16,632 | -10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,858 | €96,157 | +€1,300 | +1.4% |
| Amounts payable within one year | 42/48 | €94,858 | €96,157 | +€1,300 | +1.4% |
| Trade debts | 44 | €40,590 | €21,913 | -€18,677 | -46.0% |
| Suppliers | 440/4 | €40,590 | €21,913 | -€18,677 | -46.0% |
| Advances received on contracts in progress | 46 | €26,198 | €35,785 | +€9,587 | +36.6% |
| Taxes, remuneration and social security | 45 | €24,924 | €35,109 | +€10,185 | +40.9% |
| Taxes | 450/3 | €5,931 | €14,551 | +€8,620 | +145.3% |
| Remuneration and social security | 454/9 | €18,992 | €20,558 | +€1,565 | +8.2% |
| Other amounts payable | 47/48 | €3,146 | €3,351 | +€205 | +6.5% |
| Non-recurring operating income | 76A | - | €5,142 | +€5,142 | |
| Remuneration, social security and pensions | 62 | €201,054 | €210,192 | +€9,137 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,900 | €16,535 | -€7,364 | -30.8% |
| Other operating charges | 640/8 | €1,840 | €2,227 | +€387 | +21.0% |
| Gross operating margin | 9900 | €231,577 | €243,606 | +€12,029 | +5.2% |
| Operating profit (loss) | 9901 | €4,783 | €14,652 | +€9,869 | +206.3% |
| Financial income | 75/76B | €1,638 | €790 | -€848 | -51.8% |
| Recurring financial income | 75 | €1,638 | €790 | -€848 | -51.8% |
| Financial charges | 65/66B | €397 | €121 | -€276 | -69.6% |
| Recurring financial charges | 65 | €397 | €121 | -€276 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €6,024 | €15,322 | +€9,298 | +154.3% |
| Income taxes | 67/77 | €1,489 | €1,954 | +€465 | +31.2% |
| Profit (loss) for the period | 9904 | €4,535 | €13,368 | +€8,833 | +194.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,535 | €13,368 | +€8,833 | +194.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.