BERTIER: 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.
BERTIER
Largest movements
- Cash -€63,806
down €63,806 (-81.9%), from €77,939 to €14,133
mainly Net result for the year (-€39,080) and Receivables within one year (-€38,057)
- Receivables within one year +€38,057
up €38,057 (+263%), from €14,471 to €52,528
of which Other amounts receivable: +€34,698
- Tangible fixed assets -€9,930
down €9,930 (-31.5%), from €31,478 to €21,548
of which Plant, machinery and equipment: -€8,598
- Deferred charges and accrued income -€1,735
down €1,735 (-99.3%), from €1,748 to €12
- Profit (loss) carried forward -€39,080
down €39,080 (-44.3%), from €88,156 to €49,076
- Trade debts +€3,465
up €3,465 (+258%), from €1,343 to €4,808
- Tax, wage and social debts -€1,812
no longer reported in 2025 (was €1,812)
- Taxes +€20,281
no longer reported in 2025 (was -€20,281)
- Gross operating margin +€5,890
up €5,890 (+17.6%), from -€33,464 to -€27,574
- Other operating charges +€915
up €915 (+97.1%), from €943 to €1,858
- Financial income +€759
new in 2025: €759
- Financial charges -€613
down €613 (-56.2%), from €1,090 to €477
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 | €125,691 | €88,277 | -€37,414 | -29.8% |
| Fixed assets | 21/28 | €31,533 | €21,603 | -€9,930 | -31.5% |
| Tangible fixed assets | 22/27 | €31,478 | €21,548 | -€9,930 | -31.5% |
| Land and buildings | 22 | €13,128 | €13,128 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,751 | €8,153 | -€8,598 | -51.3% |
| Furniture and vehicles | 24 | €1,599 | €267 | -€1,332 | -83.3% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €94,158 | €66,674 | -€27,484 | -29.2% |
| Amounts receivable within one year | 40/41 | €14,471 | €52,528 | +€38,057 | +263% |
| Trade receivables | 40 | €13,624 | €16,983 | +€3,359 | +24.7% |
| Other amounts receivable | 41 | €847 | €35,545 | +€34,698 | +4,098% |
| Cash at bank and in hand | 54/58 | €77,939 | €14,133 | -€63,806 | -81.9% |
| Deferred charges and accrued income | 490/1 | €1,748 | €12 | -€1,735 | -99.3% |
| Total equity and liabilities | 10/49 | €125,691 | €88,277 | -€37,414 | -29.8% |
| Equity | 10/15 | €122,536 | €83,455 | -€39,080 | -31.9% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Capital | 10 | €33,466 | - | -€33,466 | |
| Issued capital | 100 | €33,466 | - | -€33,466 | |
| Reserves | 13 | €914 | €914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €914 | €914 | = | 0.0% |
| Legal reserve | 130 | €914 | - | -€914 | |
| Reserves not available under the articles | 1311 | - | €914 | +€914 | |
| Profit (loss) carried forward | 14 | €88,156 | €49,076 | -€39,080 | -44.3% |
| Amounts payable | 17/49 | €3,155 | €4,821 | +€1,666 | +52.8% |
| Amounts payable within one year | 42/48 | €3,155 | €4,808 | +€1,653 | +52.4% |
| Trade debts | 44 | €1,343 | €4,808 | +€3,465 | +258% |
| Suppliers | 440/4 | €1,343 | €4,808 | +€3,465 | +258% |
| Taxes, remuneration and social security | 45 | €1,812 | - | -€1,812 | |
| Taxes | 450/3 | €1,812 | - | -€1,812 | |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,934 | €9,930 | -€4 | 0.0% |
| Other operating charges | 640/8 | €943 | €1,858 | +€915 | +97.1% |
| Gross operating margin | 9900 | -€33,464 | -€27,574 | +€5,890 | +17.6% |
| Operating profit (loss) | 9901 | -€44,341 | -€39,362 | +€4,979 | +11.2% |
| Financial income | 75/76B | - | €759 | +€759 | |
| Recurring financial income | 75 | - | €759 | +€759 | |
| Financial charges | 65/66B | €1,090 | €477 | -€613 | -56.2% |
| Recurring financial charges | 65 | €1,090 | €477 | -€613 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | -€45,431 | -€39,080 | +€6,351 | +14.0% |
| Income taxes | 67/77 | -€20,281 | - | +€20,281 | |
| Profit (loss) for the period | 9904 | -€25,150 | -€39,080 | -€13,930 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,150 | -€39,080 | -€13,930 | -55.4% |
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 23 October 2026 via checked.be.