BERTMAT: 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.
BERTMAT
Largest movements
- Cash -€22,140
down €22,140 (-27.5%), from €80,587 to €58,447
mainly Debts after one year (-€357,900) and Net result for the year (-€13,714)
- Tangible fixed assets -€8,281
down €8,281 (-55.3%), from €14,988 to €6,707
of which Furniture and vehicles: -€6,093
- Debts after one year -€357,900
no longer reported in 2024 (was €357,900)
- Other debts +€341,448
up €341,448 (+41304.5%), from €827 to €342,274
- Profit (loss) carried forward -€13,714
down €13,714 (-3.2%), from -€428,670 to -€442,384
- Gross operating margin +€95,380
up €95,380 (+95.6%), from -€99,740 to -€4,360
- Depreciation -€1,793
down €1,793 (-40.3%), from €4,452 to €2,659
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,762 | €85,247 | -€29,514 | -25.7% |
| Fixed assets | 21/28 | €15,008 | €6,727 | -€8,281 | -55.2% |
| Tangible fixed assets | 22/27 | €14,988 | €6,707 | -€8,281 | -55.3% |
| Plant, machinery and equipment | 23 | €6,232 | €4,044 | -€2,187 | -35.1% |
| Furniture and vehicles | 24 | €8,756 | €2,662 | -€6,093 | -69.6% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €99,754 | €78,521 | -€21,234 | -21.3% |
| Amounts receivable within one year | 40/41 | €19,167 | €20,073 | +€906 | +4.7% |
| Trade receivables | 40 | €5,741 | €5,741 | = | 0.0% |
| Other amounts receivable | 41 | €13,426 | €14,332 | +€906 | +6.7% |
| Cash at bank and in hand | 54/58 | €80,587 | €58,447 | -€22,140 | -27.5% |
| Total equity and liabilities | 10/49 | €114,762 | €85,247 | -€29,514 | -25.7% |
| Equity | 10/15 | -€248,670 | -€262,384 | -€13,714 | -5.5% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€428,670 | -€442,384 | -€13,714 | -3.2% |
| Amounts payable | 17/49 | €363,432 | €347,631 | -€15,800 | -4.3% |
| Amounts payable after more than one year | 17 | €357,900 | - | -€357,900 | |
| Other amounts payable | 178/9 | €357,900 | - | -€357,900 | |
| Amounts payable within one year | 42/48 | €5,532 | €347,631 | +€342,100 | +6184.4% |
| Trade debts | 44 | €4,705 | €5,357 | +€652 | +13.9% |
| Suppliers | 440/4 | €4,705 | €5,357 | +€652 | +13.9% |
| Other amounts payable | 47/48 | €827 | €342,274 | +€341,448 | +41304.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,452 | €2,659 | -€1,793 | -40.3% |
| Other operating charges | 640/8 | €615 | €341 | -€274 | -44.6% |
| Non-recurring operating charges | 66A | - | €5,209 | +€5,209 | |
| Gross operating margin | 9900 | -€99,740 | -€4,360 | +€95,380 | +95.6% |
| Operating profit (loss) | 9901 | -€104,807 | -€12,569 | +€92,238 | +88.0% |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €178 | €1,145 | +€967 | +543.1% |
| Recurring financial charges | 65 | €178 | €1,145 | +€967 | +543.1% |
| Profit (loss) for the period before taxes | 9903 | -€104,903 | -€13,714 | +€91,190 | +86.9% |
| Profit (loss) for the period | 9904 | -€104,903 | -€13,714 | +€91,190 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,903 | -€13,714 | +€91,190 | +86.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.