BERTINY PROJECTS: 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.
BERTINY PROJECTS
Largest movements
- Tangible fixed assets -€48,567
down €48,567 (-2.8%), from €1.7m to €1.7m
- Debts after one year -€76,618
down €76,618 (-5.9%), from €1.3m to €1.2m
- Other operating charges +€3,903
up €3,903 (+61.3%), from €6,363 to €10,266
- Financial charges -€1,827
down €1,827 (-4.3%), from €42,647 to €40,820
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 | €1,751,534 | €1,695,051 | -€56,482 | -3.2% |
| Fixed assets | 21/28 | €1,731,540 | €1,682,974 | -€48,567 | -2.8% |
| Tangible fixed assets | 22/27 | €1,731,540 | €1,682,974 | -€48,567 | -2.8% |
| Land and buildings | 22 | €1,731,540 | €1,682,974 | -€48,567 | -2.8% |
| Current assets | 29/58 | €19,993 | €12,077 | -€7,916 | -39.6% |
| Cash at bank and in hand | 54/58 | €19,376 | €12,077 | -€7,299 | -37.7% |
| Deferred charges and accrued income | 490/1 | €617 | - | -€617 | |
| Total equity and liabilities | 10/49 | €1,751,534 | €1,695,051 | -€56,482 | -3.2% |
| Equity | 10/15 | €19 | €15,566 | +€15,546 | +80887.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,981 | -€34,434 | +€15,546 | +31.1% |
| Amounts payable | 17/49 | €1,751,514 | €1,679,485 | -€72,029 | -4.1% |
| Amounts payable after more than one year | 17 | €1,303,502 | €1,226,884 | -€76,618 | -5.9% |
| Financial debts | 170/4 | €1,303,502 | €1,226,884 | -€76,618 | -5.9% |
| Amounts payable within one year | 42/48 | €448,013 | €452,601 | +€4,589 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €74,636 | €76,618 | +€1,981 | +2.7% |
| Trade debts | 44 | €6,518 | €12,713 | +€6,195 | +95.1% |
| Suppliers | 440/4 | €6,518 | €12,713 | +€6,195 | +95.1% |
| Other amounts payable | 47/48 | €366,859 | €363,271 | -€3,588 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,568 | €53,734 | +€166 | +0.3% |
| Other operating charges | 640/8 | €6,363 | €10,266 | +€3,903 | +61.3% |
| Gross operating margin | 9900 | €120,875 | €120,367 | -€508 | -0.4% |
| Operating profit (loss) | 9901 | €60,944 | €56,367 | -€4,577 | -7.5% |
| Financial charges | 65/66B | €42,647 | €40,820 | -€1,827 | -4.3% |
| Recurring financial charges | 65 | €42,647 | €40,820 | -€1,827 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €18,297 | €15,546 | -€2,750 | -15.0% |
| Profit (loss) for the period | 9904 | €18,297 | €15,546 | -€2,750 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,297 | €15,546 | -€2,750 | -15.0% |
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 28 September 2026 via checked.be.