BERTHOLET: 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.
BERTHOLET
Largest movements
- Cash +€91,418
up €91,418 (+413.0%), from €22,133 to €113,551
mainly Net result for the year (+€75,400) and Other debts (+€63,320)
- Receivables within one year +€65,560
up €65,560 (+693.2%), from €9,458 to €75,018
of which Trade receivables: +€63,989
- Tangible fixed assets -€25,694
no longer reported in 2025 (was €25,694)
- Current investments -€25,068
down €25,068 (-12.4%), from €201,846 to €176,779
- Profit (loss) carried forward -€81,233
no longer reported in 2025 (was €81,233)
- Reserves +€75,400
up €75,400 (+47.2%), from €159,680 to €235,081
- Other debts +€63,320
up €63,320 (+1923.9%), from €3,291 to €66,611
- Tax, wage and social debts +€43,831
up €43,831 (+720.6%), from €6,082 to €49,913
- Accrued charges and deferred income +€3,932
up €3,932 (+65.8%), from €5,978 to €9,910
- Gross operating margin +€55,792
up €55,792 (+80.5%), from €69,319 to €125,111
- Taxes +€18,215
up €18,215 (+86.1%), from €21,155 to €39,370
- Depreciation -€10,291
no longer reported in 2025 (was €10,291)
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 | €259,521 | €365,738 | +€106,216 | +40.9% |
| Fixed assets | 21/28 | €25,694 | - | -€25,694 | |
| Tangible fixed assets | 22/27 | €25,694 | - | -€25,694 | |
| Furniture and vehicles | 24 | €25,694 | - | -€25,694 | |
| Current assets | 29/58 | €233,827 | €365,738 | +€131,910 | +56.4% |
| Amounts receivable within one year | 40/41 | €9,458 | €75,018 | +€65,560 | +693.2% |
| Trade receivables | 40 | €8,252 | €72,241 | +€63,989 | +775.4% |
| Other amounts receivable | 41 | €1,206 | €2,777 | +€1,571 | +130.3% |
| Current investments | 50/53 | €201,846 | €176,779 | -€25,068 | -12.4% |
| Cash at bank and in hand | 54/58 | €22,133 | €113,551 | +€91,418 | +413.0% |
| Deferred charges and accrued income | 490/1 | €390 | €390 | = | 0.0% |
| Total equity and liabilities | 10/49 | €259,521 | €365,738 | +€106,216 | +40.9% |
| Equity | 10/15 | €243,914 | €238,081 | -€5,833 | -2.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €159,680 | €235,081 | +€75,400 | +47.2% |
| Distributable reserves | 133 | €159,680 | €235,081 | +€75,400 | +47.2% |
| Profit (loss) carried forward | 14 | €81,233 | - | -€81,233 | |
| Amounts payable | 17/49 | €15,608 | €127,657 | +€112,049 | +717.9% |
| Amounts payable within one year | 42/48 | €9,630 | €117,747 | +€108,117 | +1122.7% |
| Trade debts | 44 | €256 | €1,223 | +€966 | +377.4% |
| Suppliers | 440/4 | €256 | €1,223 | +€966 | +377.4% |
| Taxes, remuneration and social security | 45 | €6,082 | €49,913 | +€43,831 | +720.6% |
| Taxes | 450/3 | €6,082 | €49,913 | +€43,831 | +720.6% |
| Other amounts payable | 47/48 | €3,291 | €66,611 | +€63,320 | +1923.9% |
| Accrued charges and deferred income | 492/3 | €5,978 | €9,910 | +€3,932 | +65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,291 | - | -€10,291 | |
| Non-recurring operating charges | 66A | - | €11,677 | +€11,677 | |
| Gross operating margin | 9900 | €69,319 | €125,111 | +€55,792 | +80.5% |
| Operating profit (loss) | 9901 | €59,028 | €113,433 | +€54,405 | +92.2% |
| Financial income | 75/76B | €2,273 | €1,992 | -€280 | -12.3% |
| Recurring financial income | 75 | €2,273 | €1,992 | -€280 | -12.3% |
| Financial charges | 65/66B | €546 | €655 | +€109 | +20.0% |
| Recurring financial charges | 65 | €546 | €655 | +€109 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €60,755 | €114,770 | +€54,016 | +88.9% |
| Income taxes | 67/77 | €21,155 | €39,370 | +€18,215 | +86.1% |
| Profit (loss) for the period | 9904 | €39,600 | €75,400 | +€35,801 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,600 | €75,400 | +€35,801 | +90.4% |
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 2 October 2026 via checked.be.