BERTEN & IRIS: 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.
BERTEN & IRIS
Largest movements
- Tangible fixed assets +€360,523
up €360,523 (+95.6%), from €377,152 to €737,675
of which Land and buildings: +€379,695
- Receivables within one year +€12,797
up €12,797 (+185.5%), from €6,898 to €19,695
- Deferred charges and accrued income -€12,362
down €12,362 (-62.8%), from €19,694 to €7,332
- Debts after one year +€322,945
up €322,945 (+96.0%), from €336,234 to €659,178
- Current portion of long-term debt +€17,375
up €17,375 (+36.2%), from €47,980 to €65,355
- Tax, wage and social debts +€10,415
up €10,415 (+53.9%), from €19,328 to €29,743
of which Remuneration and social security: +€7,627
- Gross operating margin +€19,910
up €19,910 (+9.4%), from €211,416 to €231,326
- Staff costs +€10,963
up €10,963 (+8.6%), from €126,765 to €137,728
- Financial charges +€5,988
up €5,988 (+34.2%), from €17,518 to €23,506
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 | €452,443 | €816,090 | +€363,647 | +80.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €377,967 | €738,487 | +€360,520 | +95.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €377,152 | €737,675 | +€360,523 | +95.6% |
| Land and buildings | 22 | €290,254 | €669,949 | +€379,695 | +130.8% |
| Plant, machinery and equipment | 23 | €23,227 | €14,080 | -€9,147 | -39.4% |
| Furniture and vehicles | 24 | €63,672 | €53,646 | -€10,026 | -15.7% |
| Financial fixed assets | 28 | €814 | €812 | -€3 | -0.3% |
| Current assets | 29/58 | €74,476 | €77,603 | +€3,127 | +4.2% |
| Stocks and contracts in progress | 3 | €25,531 | €26,204 | +€673 | +2.6% |
| Stocks | 30/36 | €25,531 | €26,204 | +€673 | +2.6% |
| Amounts receivable within one year | 40/41 | €6,898 | €19,695 | +€12,797 | +185.5% |
| Trade receivables | 40 | €6,898 | €19,695 | +€12,797 | +185.5% |
| Cash at bank and in hand | 54/58 | €22,353 | €24,372 | +€2,019 | +9.0% |
| Deferred charges and accrued income | 490/1 | €19,694 | €7,332 | -€12,362 | -62.8% |
| Total equity and liabilities | 10/49 | €452,443 | €816,090 | +€363,647 | +80.4% |
| Equity | 10/15 | €24,732 | €29,648 | +€4,916 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,132 | €11,048 | +€4,916 | +80.2% |
| Distributable reserves | 133 | €6,132 | €11,048 | +€4,916 | +80.2% |
| Amounts payable | 17/49 | €427,710 | €786,442 | +€358,731 | +83.9% |
| Amounts payable after more than one year | 17 | €336,234 | €659,178 | +€322,945 | +96.0% |
| Financial debts | 170/4 | €336,234 | €659,178 | +€322,945 | +96.0% |
| Amounts payable within one year | 42/48 | €90,411 | €126,226 | +€35,815 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €47,980 | €65,355 | +€17,375 | +36.2% |
| Trade debts | 44 | €20,152 | €28,052 | +€7,900 | +39.2% |
| Suppliers | 440/4 | €20,152 | €28,052 | +€7,900 | +39.2% |
| Taxes, remuneration and social security | 45 | €19,328 | €29,743 | +€10,415 | +53.9% |
| Taxes | 450/3 | €4,174 | €6,962 | +€2,788 | +66.8% |
| Remuneration and social security | 454/9 | €15,154 | €22,781 | +€7,627 | +50.3% |
| Other amounts payable | 47/48 | €2,952 | €3,076 | +€124 | +4.2% |
| Accrued charges and deferred income | 492/3 | €1,066 | €1,038 | -€28 | -2.6% |
| Remuneration, social security and pensions | 62 | €126,765 | €137,728 | +€10,963 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,951 | €61,032 | +€1,081 | +1.8% |
| Other operating charges | 640/8 | €1,511 | €1,915 | +€404 | +26.7% |
| Gross operating margin | 9900 | €211,416 | €231,326 | +€19,910 | +9.4% |
| Operating profit (loss) | 9901 | €23,189 | €30,650 | +€7,462 | +32.2% |
| Financial income | 75/76B | €1,265 | €1,116 | -€149 | -11.7% |
| Recurring financial income | 75 | €1,265 | €1,116 | -€149 | -11.7% |
| Financial charges | 65/66B | €17,518 | €23,506 | +€5,988 | +34.2% |
| Recurring financial charges | 65 | €17,518 | €23,506 | +€5,988 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €6,935 | €8,260 | +€1,325 | +19.1% |
| Income taxes | 67/77 | €2,103 | €3,344 | +€1,241 | +59.0% |
| Profit (loss) for the period | 9904 | €4,832 | €4,916 | +€84 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,832 | €4,916 | +€84 | +1.7% |
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 4 October 2026 via checked.be.