Bertima: 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.
Bertima
Largest movements
- Current investments +€605,000
up €605,000 (+504.2%), from €120,000 to €725,000
- Tangible fixed assets -€57,790
down €57,790 (-9.0%), from €639,821 to €582,031
- Cash +€21,763
up €21,763 (+137.9%), from €15,787 to €37,550
mainly Net result for the year (+€437,491) and Advances received (+€80,000)
- Reserves +€437,491
up €437,491 (+101.9%), from €429,137 to €866,628
- Advances received +€80,000
up €80,000 (+329.2%), from €24,300 to €104,300
- Tax, wage and social debts +€40,691
up €40,691 (+1330.7%), from €3,058 to €43,749
- Gross operating margin +€640,762
up €640,762 (+3744.9%), from €17,110 to €657,873
- Taxes +€196,291
up €196,291, from €0 to €196,291
- Other operating charges -€8,538
down €8,538 (-45.8%), from €18,636 to €10,097
- Financial charges -€6,850
down €6,850 (-95.1%), from €7,200 to €350
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 | €785,842 | €1,357,921 | +€572,078 | +72.8% |
| Fixed assets | 21/28 | €639,821 | €582,031 | -€57,790 | -9.0% |
| Tangible fixed assets | 22/27 | €639,821 | €582,031 | -€57,790 | -9.0% |
| Land and buildings | 22 | €639,821 | €582,031 | -€57,790 | -9.0% |
| Current assets | 29/58 | €146,022 | €775,890 | +€629,868 | +431.4% |
| Amounts receivable within one year | 40/41 | €6,267 | €10,007 | +€3,740 | +59.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,267 | €10,007 | +€3,740 | +59.7% |
| Current investments | 50/53 | €120,000 | €725,000 | +€605,000 | +504.2% |
| Cash at bank and in hand | 54/58 | €15,787 | €37,550 | +€21,763 | +137.9% |
| Deferred charges and accrued income | 490/1 | €3,968 | €3,333 | -€635 | -16.0% |
| Total equity and liabilities | 10/49 | €785,842 | €1,357,921 | +€572,078 | +72.8% |
| Equity | 10/15 | €677,137 | €1,114,628 | +€437,491 | +64.6% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €429,137 | €866,628 | +€437,491 | +101.9% |
| Distributable reserves | 133 | €429,137 | €866,628 | +€437,491 | +101.9% |
| Amounts payable | 17/49 | €108,706 | €243,293 | +€134,587 | +123.8% |
| Amounts payable within one year | 42/48 | €108,706 | €243,293 | +€134,587 | +123.8% |
| Trade debts | 44 | €3,656 | €4,022 | +€366 | +10.0% |
| Suppliers | 440/4 | €3,656 | €4,022 | +€366 | +10.0% |
| Advances received on contracts in progress | 46 | €24,300 | €104,300 | +€80,000 | +329.2% |
| Taxes, remuneration and social security | 45 | €3,058 | €43,749 | +€40,691 | +1330.7% |
| Taxes | 450/3 | €3,058 | €43,749 | +€40,691 | +1330.7% |
| Other amounts payable | 47/48 | €77,692 | €91,222 | +€13,530 | +17.4% |
| Non-recurring operating income | 76A | - | €729,354 | +€729,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,452 | €22,144 | +€691 | +3.2% |
| Other operating charges | 640/8 | €18,636 | €10,097 | -€8,538 | -45.8% |
| Gross operating margin | 9900 | €17,110 | €657,873 | +€640,762 | +3744.9% |
| Operating profit (loss) | 9901 | -€22,978 | €625,631 | +€648,609 | |
| Financial income | 75/76B | €4,224 | €8,500 | +€4,276 | +101.2% |
| Recurring financial income | 75 | €4,224 | €8,500 | +€4,276 | +101.2% |
| Financial charges | 65/66B | €7,200 | €350 | -€6,850 | -95.1% |
| Recurring financial charges | 65 | €7,200 | €350 | -€6,850 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,953 | €633,782 | +€659,735 | |
| Income taxes | 67/77 | €0 | €196,291 | +€196,291 | |
| Profit (loss) for the period | 9904 | -€25,953 | €437,491 | +€463,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,953 | €437,491 | +€463,444 |
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.