BERTJENS GRONDWERKEN: 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.
BERTJENS GRONDWERKEN
Largest movements
- Cash +€33,494
up €33,494 (+17.0%), from €197,483 to €230,976
mainly Depreciation (+€39,906) and Net result for the year (+€23,354)
- Tangible fixed assets -€32,556
down €32,556 (-18.0%), from €180,373 to €147,817
of which Furniture and vehicles: -€37,000
- Reserves +€23,354
up €23,354 (+14.2%), from €164,313 to €187,666
of which Distributable reserves: +€23,354
- Current portion of long-term debt -€16,928
down €16,928 (-83.2%), from €20,335 to €3,407
- Depreciation +€20,168
up €20,168 (+102%), from €19,738 to €39,906
- Gross operating margin -€13,305
down €13,305 (-8.1%), from €163,841 to €150,536
- Taxes -€8,558
down €8,558 (-44.0%), from €19,457 to €10,898
- Staff costs +€6,293
up €6,293 (+9.0%), from €69,596 to €75,889
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 | €438,871 | €443,567 | +€4,696 | +1.1% |
| Fixed assets | 21/28 | €180,373 | €147,817 | -€32,556 | -18.0% |
| Tangible fixed assets | 22/27 | €180,373 | €147,817 | -€32,556 | -18.0% |
| Plant, machinery and equipment | 23 | €13,873 | €18,317 | +€4,444 | +32.0% |
| Furniture and vehicles | 24 | €166,500 | €129,500 | -€37,000 | -22.2% |
| Current assets | 29/58 | €258,498 | €295,750 | +€37,252 | +14.4% |
| Amounts receivable within one year | 40/41 | €59,517 | €62,624 | +€3,107 | +5.2% |
| Trade receivables | 40 | €58,790 | €58,021 | -€769 | -1.3% |
| Other amounts receivable | 41 | €727 | €4,603 | +€3,876 | +534% |
| Cash at bank and in hand | 54/58 | €197,483 | €230,976 | +€33,494 | +17.0% |
| Deferred charges and accrued income | 490/1 | €1,499 | €2,150 | +€651 | +43.5% |
| Total equity and liabilities | 10/49 | €438,871 | €443,567 | +€4,696 | +1.1% |
| Equity | 10/15 | €412,997 | €436,351 | +€23,354 | +5.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €164,313 | €187,666 | +€23,354 | +14.2% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €152,313 | €175,666 | +€23,354 | +15.3% |
| Profit (loss) carried forward | 14 | €128,685 | €128,685 | = | 0.0% |
| Amounts payable | 17/49 | €25,874 | €7,216 | -€18,657 | -72.1% |
| Amounts payable after more than one year | 17 | €3,407 | - | -€3,407 | |
| Financial debts | 170/4 | €3,407 | - | -€3,407 | |
| Amounts payable within one year | 42/48 | €22,466 | €7,216 | -€15,250 | -67.9% |
| Current portion of amounts payable after more than one year | 42 | €20,335 | €3,407 | -€16,928 | -83.2% |
| Trade debts | 44 | - | €995 | +€995 | |
| Suppliers | 440/4 | - | €995 | +€995 | |
| Taxes, remuneration and social security | 45 | €1,121 | €1,825 | +€704 | +62.9% |
| Taxes | 450/3 | €1,121 | €1,825 | +€704 | +62.9% |
| Other amounts payable | 47/48 | €1,011 | €989 | -€21 | -2.1% |
| Non-recurring operating income | 76A | €27,493 | - | -€27,493 | |
| Remuneration, social security and pensions | 62 | €69,596 | €75,889 | +€6,293 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,738 | €39,906 | +€20,168 | +102% |
| Other operating charges | 640/8 | €593 | €222 | -€371 | -62.6% |
| Non-recurring operating charges | 66A | €1,715 | - | -€1,715 | |
| Gross operating margin | 9900 | €163,841 | €150,536 | -€13,305 | -8.1% |
| Operating profit (loss) | 9901 | €72,199 | €34,519 | -€37,680 | -52.2% |
| Financial charges | 65/66B | €579 | €267 | -€312 | -53.8% |
| Recurring financial charges | 65 | €579 | €267 | -€312 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €71,620 | €34,252 | -€37,368 | -52.2% |
| Income taxes | 67/77 | €19,457 | €10,898 | -€8,558 | -44.0% |
| Profit (loss) for the period | 9904 | €52,163 | €23,354 | -€28,810 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,163 | €23,354 | -€28,810 | -55.2% |
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 24 October 2026 via checked.be.