Bertess: 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.
Bertess
Largest movements
- Receivables within one year +€78,457
up €78,457 (+12.1%), from €649,855 to €728,312
of which Other amounts receivable: +€92,938
- Tangible fixed assets -€21,952
down €21,952 (-37.7%), from €58,272 to €36,320
of which Furniture and vehicles: -€20,632
- Other debts +€44,905
up €44,905 (+8.5%), from €525,707 to €570,612
- Reserves +€39,776
up €39,776 (+20.6%), from €193,159 to €232,936
- Debts after one year -€18,080
down €18,080 (-20.1%), from €89,912 to €71,832
- Financial income -€66,136
down €66,136 (-42.6%), from €155,136 to €89,000
- Gross operating margin -€38,991
down €38,991, from €21,926 to -€17,065
- Financial charges -€25,688
down €25,688 (-86.5%), from €29,702 to €4,014
- Taxes -€2,779
down €2,779 (-39.8%), from €6,989 to €4,209
- Other operating charges -€379
down €379 (-16.0%), from €2,362 to €1,983
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.
Derived cash bridge
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 | €838,551 | €901,413 | +€62,862 | +7.5% |
| Fixed assets | 21/28 | €58,272 | €36,320 | -€21,952 | -37.7% |
| Tangible fixed assets | 22/27 | €58,272 | €36,320 | -€21,952 | -37.7% |
| Plant, machinery and equipment | 23 | €6,238 | €4,919 | -€1,320 | -21.2% |
| Furniture and vehicles | 24 | €52,033 | €31,401 | -€20,632 | -39.7% |
| Current assets | 29/58 | €780,280 | €865,093 | +€84,813 | +10.9% |
| Stocks and contracts in progress | 3 | €105,970 | €105,970 | = | 0.0% |
| Stocks | 30/36 | €105,970 | €105,970 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €649,855 | €728,312 | +€78,457 | +12.1% |
| Trade receivables | 40 | €14,991 | €510 | -€14,481 | -96.6% |
| Other amounts receivable | 41 | €634,864 | €727,802 | +€92,938 | +14.6% |
| Current investments | 50/53 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,404 | €26,856 | +€6,452 | +31.6% |
| Deferred charges and accrued income | 490/1 | €1,051 | €955 | -€96 | -9.1% |
| Total equity and liabilities | 10/49 | €838,551 | €901,413 | +€62,862 | +7.5% |
| Equity | 10/15 | €193,659 | €233,436 | +€39,776 | +20.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €193,159 | €232,936 | +€39,776 | +20.6% |
| Distributable reserves | 133 | €193,159 | €232,936 | +€39,776 | +20.6% |
| Amounts payable | 17/49 | €644,892 | €667,977 | +€23,085 | +3.6% |
| Amounts payable after more than one year | 17 | €89,912 | €71,832 | -€18,080 | -20.1% |
| Financial debts | 170/4 | €89,912 | €71,832 | -€18,080 | -20.1% |
| Amounts payable within one year | 42/48 | €554,980 | €596,145 | +€41,165 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €18,744 | €18,924 | +€180 | +1.0% |
| Trade debts | 44 | €8,346 | €4,292 | -€4,054 | -48.6% |
| Suppliers | 440/4 | €8,346 | €4,292 | -€4,054 | -48.6% |
| Taxes, remuneration and social security | 45 | €2,183 | €2,317 | +€134 | +6.2% |
| Taxes | 450/3 | €183 | €317 | +€134 | +73.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €525,707 | €570,612 | +€44,905 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,676 | €21,952 | +€276 | +1.3% |
| Other operating charges | 640/8 | €2,362 | €1,983 | -€379 | -16.0% |
| Gross operating margin | 9900 | €21,926 | -€17,065 | -€38,991 | |
| Operating profit (loss) | 9901 | -€2,112 | -€41,000 | -€38,888 | -1,842% |
| Financial income | 75/76B | €155,136 | €89,000 | -€66,136 | -42.6% |
| Recurring financial income | 75 | €155,136 | €89,000 | -€66,136 | -42.6% |
| Financial charges | 65/66B | €29,702 | €4,014 | -€25,688 | -86.5% |
| Recurring financial charges | 65 | €29,702 | €4,014 | -€25,688 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €123,322 | €43,986 | -€79,336 | -64.3% |
| Income taxes | 67/77 | €6,989 | €4,209 | -€2,779 | -39.8% |
| Profit (loss) for the period | 9904 | €116,333 | €39,776 | -€76,557 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,333 | €39,776 | -€76,557 | -65.8% |
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 18 October 2026 via checked.be.