BERTENS Ivo: what changed
BERTENS Ivo
Largest movements
- Cash +€88,102
up €88,102 (+41.7%), from €211,306 to €299,408
mainly Accrued charges and deferred income (+€60,175) and Net result for the year (+€20,737)
- Stocks and contracts +€9,059
up €9,059 (+149%), from €6,091 to €15,150
- Receivables within one year -€8,490
down €8,490 (-8.2%), from €103,883 to €95,392
of which Other amounts receivable: -€18,100
- Reserves +€260,452
up €260,452 (+3,342%), from €7,793 to €268,245
of which Distributable reserves: +€260,452
- Profit (loss) carried forward -€239,716
down €239,716 (-100%), from €239,716 to €0
- Accrued charges and deferred income +€60,175
up €60,175 (+2,135%), from €2,818 to €62,993
- Trade debts +€10,913
up €10,913 (+14.8%), from €73,942 to €84,855
- Gross operating margin +€42,851
up €42,851 (+33.8%), from €126,965 to €169,815
- Taxes +€9,275
up €9,275, from €0 to €9,275
- Staff costs +€8,638
up €8,638 (+6.9%), from €124,436 to €133,074
- Financial income +€3,062
up €3,062 (+46.5%), from €6,583 to €9,645
- Other operating charges -€1,859
down €1,859 (-44.1%), from €4,216 to €2,357
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,759 | €475,348 | +€95,588 | +25.2% |
| Fixed assets | 21/28 | €49,752 | €53,903 | +€4,151 | +8.3% |
| Tangible fixed assets | 22/27 | €49,225 | €53,376 | +€4,151 | +8.4% |
| Plant, machinery and equipment | 23 | €13,261 | €8,892 | -€4,369 | -32.9% |
| Furniture and vehicles | 24 | €850 | €1,234 | +€384 | +45.1% |
| Other tangible fixed assets | 26 | €35,114 | €43,250 | +€8,136 | +23.2% |
| Financial fixed assets | 28 | €527 | €527 | = | 0.0% |
| Current assets | 29/58 | €330,007 | €421,444 | +€91,438 | +27.7% |
| Stocks and contracts in progress | 3 | €6,091 | €15,150 | +€9,059 | +149% |
| Stocks | 30/36 | €6,091 | €15,150 | +€9,059 | +149% |
| Amounts receivable within one year | 40/41 | €103,883 | €95,392 | -€8,490 | -8.2% |
| Trade receivables | 40 | €82,809 | €92,419 | +€9,609 | +11.6% |
| Other amounts receivable | 41 | €21,073 | €2,974 | -€18,100 | -85.9% |
| Cash at bank and in hand | 54/58 | €211,306 | €299,408 | +€88,102 | +41.7% |
| Deferred charges and accrued income | 490/1 | €8,727 | €11,494 | +€2,768 | +31.7% |
| Total equity and liabilities | 10/49 | €379,759 | €475,348 | +€95,588 | +25.2% |
| Equity | 10/15 | €266,108 | €286,845 | +€20,737 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,793 | €268,245 | +€260,452 | +3,342% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,793 | €268,245 | +€260,452 | +3,342% |
| Profit (loss) carried forward | 14 | €239,716 | €0 | -€239,716 | -100% |
| Amounts payable | 17/49 | €113,651 | €188,503 | +€74,852 | +65.9% |
| Amounts payable within one year | 42/48 | €110,833 | €125,510 | +€14,677 | +13.2% |
| Trade debts | 44 | €73,942 | €84,855 | +€10,913 | +14.8% |
| Suppliers | 440/4 | €73,942 | €84,855 | +€10,913 | +14.8% |
| Taxes, remuneration and social security | 45 | €8,238 | €10,583 | +€2,345 | +28.5% |
| Taxes | 450/3 | €206 | €2,647 | +€2,442 | +1,186% |
| Remuneration and social security | 454/9 | €8,032 | €7,936 | -€96 | -1.2% |
| Other amounts payable | 47/48 | €28,653 | €30,071 | +€1,418 | +5.0% |
| Accrued charges and deferred income | 492/3 | €2,818 | €62,993 | +€60,175 | +2,135% |
| Non-recurring operating income | 76A | €10,377 | €3,500 | -€6,877 | -66.3% |
| Remuneration, social security and pensions | 62 | €124,436 | €133,074 | +€8,638 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,583 | €12,634 | +€1,051 | +9.1% |
| Other operating charges | 640/8 | €4,216 | €2,357 | -€1,859 | -44.1% |
| Gross operating margin | 9900 | €126,965 | €169,815 | +€42,851 | +33.8% |
| Operating profit (loss) | 9901 | -€13,271 | €21,750 | +€35,020 | |
| Financial income | 75/76B | €6,583 | €9,645 | +€3,062 | +46.5% |
| Recurring financial income | 75 | €6,583 | €9,645 | +€3,062 | +46.5% |
| Financial charges | 65/66B | €1,328 | €1,383 | +€55 | +4.1% |
| Recurring financial charges | 65 | €1,328 | €1,383 | +€55 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,016 | €30,011 | +€38,027 | |
| Income taxes | 67/77 | €0 | €9,275 | +€9,275 | |
| Profit (loss) for the period | 9904 | -€8,016 | €20,737 | +€28,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,016 | €20,737 | +€28,753 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.