BERTIER - FUHR: 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 - FUHR
Largest movements
- Tangible fixed assets +€13,739
up €13,739 (+109%), from €12,610 to €26,349
of which Other tangible fixed assets: +€15,997
- Cash +€11,957
up €11,957 (+35.8%), from €33,408 to €45,365
mainly Net result for the year (+€28,297) and Other debts (+€20,574)
- Receivables after one year -€7,773
down €7,773 (-13.8%), from €56,171 to €48,398
- Deferred charges and accrued income +€1,891
up €1,891 (+27.7%), from €6,832 to €8,723
- Other debts +€20,574
up €20,574 (+195%), from €10,531 to €31,105
- Reserves -€2,808
down €2,808 (-2.7%), from €105,018 to €102,210
of which Distributable reserves: -€2,808
- Tax, wage and social debts +€2,472
up €2,472 (+39.3%), from €6,293 to €8,764
- Gross operating margin +€3,089
up €3,089 (+6.4%), from €47,958 to €51,048
- Financial income -€1,822
down €1,822 (-53.3%), from €3,418 to €1,596
- Depreciation +€1,343
up €1,343 (+25.8%), from €5,207 to €6,550
- Taxes +€730
up €730 (+4.7%), from €15,576 to €16,306
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 | €109,021 | €128,834 | +€19,813 | +18.2% |
| Fixed assets | 21/28 | €12,610 | €26,349 | +€13,739 | +109% |
| Tangible fixed assets | 22/27 | €12,610 | €26,349 | +€13,739 | +109% |
| Plant, machinery and equipment | 23 | €2,047 | - | -€2,047 | |
| Furniture and vehicles | 24 | €7,301 | €7,089 | -€212 | -2.9% |
| Other tangible fixed assets | 26 | €3,262 | €19,259 | +€15,997 | +490% |
| Current assets | 29/58 | €96,411 | €102,486 | +€6,075 | +6.3% |
| Amounts receivable after more than one year | 29 | €56,171 | €48,398 | -€7,773 | -13.8% |
| Other amounts receivable | 291 | €56,171 | €48,398 | -€7,773 | -13.8% |
| Cash at bank and in hand | 54/58 | €33,408 | €45,365 | +€11,957 | +35.8% |
| Deferred charges and accrued income | 490/1 | €6,832 | €8,723 | +€1,891 | +27.7% |
| Total equity and liabilities | 10/49 | €109,021 | €128,834 | +€19,813 | +18.2% |
| Equity | 10/15 | €90,965 | €88,157 | -€2,808 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,018 | €102,210 | -€2,808 | -2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,158 | €100,350 | -€2,808 | -2.7% |
| Profit (loss) carried forward | 14 | -€32,653 | -€32,653 | = | 0.0% |
| Amounts payable | 17/49 | €18,056 | €40,678 | +€22,621 | +125% |
| Amounts payable within one year | 42/48 | €18,056 | €40,678 | +€22,621 | +125% |
| Trade debts | 44 | €1,232 | €808 | -€424 | -34.4% |
| Suppliers | 440/4 | €1,232 | €808 | -€424 | -34.4% |
| Taxes, remuneration and social security | 45 | €6,293 | €8,764 | +€2,472 | +39.3% |
| Taxes | 450/3 | €6,293 | €8,764 | +€2,472 | +39.3% |
| Other amounts payable | 47/48 | €10,531 | €31,105 | +€20,574 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,207 | €6,550 | +€1,343 | +25.8% |
| Other operating charges | 640/8 | €1,135 | €1,123 | -€12 | -1.1% |
| Gross operating margin | 9900 | €47,958 | €51,048 | +€3,089 | +6.4% |
| Operating profit (loss) | 9901 | €41,616 | €43,375 | +€1,759 | +4.2% |
| Financial income | 75/76B | €3,418 | €1,596 | -€1,822 | -53.3% |
| Recurring financial income | 75 | €3,418 | €1,596 | -€1,822 | -53.3% |
| Financial charges | 65/66B | €339 | €368 | +€29 | +8.6% |
| Recurring financial charges | 65 | €339 | €368 | +€29 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €44,695 | €44,603 | -€92 | -0.2% |
| Income taxes | 67/77 | €15,576 | €16,306 | +€730 | +4.7% |
| Profit (loss) for the period | 9904 | €29,119 | €28,297 | -€822 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,119 | €28,297 | -€822 | -2.8% |
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 30 October 2026 via checked.be.