BERTHOLET PUBLISHING: 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 PUBLISHING
Largest movements
- Cash -€19,279
down €19,279 (-3.5%), from €558,209 to €538,930
mainly Net result for the year (-€53,243) and Receivables within one year (-€15,724)
- Receivables within one year +€15,724
up €15,724 (+27.2%), from €57,713 to €73,437
of which Trade receivables: +€22,862
- Deferred charges and accrued income -€6,356
down €6,356 (-83.5%), from €7,612 to €1,256
- Profit (loss) carried forward -€53,243
down €53,243 (-518.2%), from -€10,274 to -€63,517
- Tax, wage and social debts +€27,425
up €27,425 (+130.0%), from €21,089 to €48,514
of which Remuneration and social security: +€16,032
- Trade debts +€11,672
up €11,672 (+1736.9%), from €672 to €12,344
- Gross operating margin -€55,755
down €55,755 (-31.9%), from €174,664 to €118,909
- Staff costs -€10,098
down €10,098 (-5.6%), from €179,394 to €169,296
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 | €629,485 | €620,153 | -€9,332 | -1.5% |
| Fixed assets | 21/28 | €5,951 | €6,531 | +€580 | +9.7% |
| Tangible fixed assets | 22/27 | €5,509 | €6,089 | +€580 | +10.5% |
| Furniture and vehicles | 24 | €1,513 | €1,100 | -€413 | -27.3% |
| Other tangible fixed assets | 26 | €3,996 | €4,989 | +€993 | +24.8% |
| Financial fixed assets | 28 | €442 | €442 | = | 0.0% |
| Current assets | 29/58 | €623,534 | €613,622 | -€9,912 | -1.6% |
| Amounts receivable within one year | 40/41 | €57,713 | €73,437 | +€15,724 | +27.2% |
| Trade receivables | 40 | €43,094 | €65,957 | +€22,862 | +53.1% |
| Other amounts receivable | 41 | €14,619 | €7,480 | -€7,139 | -48.8% |
| Cash at bank and in hand | 54/58 | €558,209 | €538,930 | -€19,279 | -3.5% |
| Deferred charges and accrued income | 490/1 | €7,612 | €1,256 | -€6,356 | -83.5% |
| Total equity and liabilities | 10/49 | €629,485 | €620,153 | -€9,332 | -1.5% |
| Equity | 10/15 | €606,424 | €553,181 | -€53,243 | -8.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €596,238 | €596,238 | = | 0.0% |
| Distributable reserves | 133 | €596,238 | €596,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,274 | -€63,517 | -€53,243 | -518.2% |
| Amounts payable | 17/49 | €23,061 | €66,972 | +€43,911 | +190.4% |
| Amounts payable within one year | 42/48 | €23,061 | €66,972 | +€43,911 | +190.4% |
| Trade debts | 44 | €672 | €12,344 | +€11,672 | +1736.9% |
| Suppliers | 440/4 | €672 | €12,344 | +€11,672 | +1736.9% |
| Taxes, remuneration and social security | 45 | €21,089 | €48,514 | +€27,425 | +130.0% |
| Taxes | 450/3 | €4,571 | €15,964 | +€11,393 | +249.2% |
| Remuneration and social security | 454/9 | €16,518 | €32,550 | +€16,032 | +97.1% |
| Other amounts payable | 47/48 | €1,300 | €6,114 | +€4,814 | +370.2% |
| Remuneration, social security and pensions | 62 | €179,394 | €169,296 | -€10,098 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €1,152 | +€3 | +0.3% |
| Other operating charges | 640/8 | €1,269 | €1,143 | -€126 | -9.9% |
| Non-recurring operating charges | 66A | €876 | - | -€876 | |
| Gross operating margin | 9900 | €174,664 | €118,909 | -€55,755 | -31.9% |
| Operating profit (loss) | 9901 | -€8,024 | -€52,682 | -€44,658 | -556.6% |
| Financial income | 75/76B | €4 | €0 | -€4 | -92.6% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -92.6% |
| Financial charges | 65/66B | €201 | €169 | -€32 | -16.1% |
| Recurring financial charges | 65 | €201 | €169 | -€32 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,221 | -€52,850 | -€44,630 | -542.9% |
| Income taxes | 67/77 | €2,128 | €392 | -€1,735 | -81.6% |
| Profit (loss) for the period | 9904 | -€10,348 | -€53,243 | -€42,895 | -414.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,348 | -€53,243 | -€42,895 | -414.5% |
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 7 October 2026 via checked.be.