Berto: 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.
Berto
Largest movements
- Financial fixed assets +€842,041
up €842,041 (+673632.9%), from €125 to €842,166
- Tangible fixed assets -€144,060
down €144,060 (-43.3%), from €332,681 to €188,622
of which Plant, machinery and equipment: -€144,060
- Receivables within one year -€58,434
down €58,434 (-14.3%), from €407,239 to €348,806
of which Trade receivables: -€76,211
- Deferred charges and accrued income -€36,201
down €36,201 (-37.0%), from €97,824 to €61,622
- Cash +€19,988
up €19,988 (+5.1%), from €393,727 to €413,715
mainly Debts after one year (+€412,695) and Depreciation (+€144,060)
- Debts after one year +€412,695
up €412,695 (+281.2%), from €146,774 to €559,469
- Current portion of long-term debt +€129,708
up €129,708 (+184.1%), from €70,471 to €200,179
- Reserves +€84,801
up €84,801 (+30.5%), from €278,139 to €362,940
- Staff costs +€116,187
up €116,187 (+29.8%), from €389,536 to €505,723
- Taxes -€32,099
down €32,099 (-48.5%), from €66,200 to €34,101
- Gross operating margin +€23,982
up €23,982 (+3.2%), from €759,253 to €783,235
- Depreciation +€20,412
up €20,412 (+16.5%), from €123,648 to €144,060
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 | €1,236,295 | €1,869,027 | +€632,732 | +51.2% |
| Fixed assets | 21/28 | €332,806 | €1,030,788 | +€697,982 | +209.7% |
| Tangible fixed assets | 22/27 | €332,681 | €188,622 | -€144,060 | -43.3% |
| Plant, machinery and equipment | 23 | €332,681 | €188,622 | -€144,060 | -43.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €125 | €842,166 | +€842,041 | +673632.9% |
| Current assets | 29/58 | €903,489 | €838,240 | -€65,249 | -7.2% |
| Amounts receivable after more than one year | 29 | €4,699 | €14,097 | +€9,398 | +200.0% |
| Other amounts receivable | 291 | €4,699 | €14,097 | +€9,398 | +200.0% |
| Amounts receivable within one year | 40/41 | €407,239 | €348,806 | -€58,434 | -14.3% |
| Trade receivables | 40 | €397,109 | €320,898 | -€76,211 | -19.2% |
| Other amounts receivable | 41 | €10,130 | €27,908 | +€17,778 | +175.5% |
| Cash at bank and in hand | 54/58 | €393,727 | €413,715 | +€19,988 | +5.1% |
| Deferred charges and accrued income | 490/1 | €97,824 | €61,622 | -€36,201 | -37.0% |
| Total equity and liabilities | 10/49 | €1,236,295 | €1,869,027 | +€632,732 | +51.2% |
| Equity | 10/15 | €303,139 | €387,940 | +€84,801 | +28.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €278,139 | €362,940 | +€84,801 | +30.5% |
| Distributable reserves | 133 | €278,139 | €362,940 | +€84,801 | +30.5% |
| Amounts payable | 17/49 | €933,156 | €1,481,087 | +€547,931 | +58.7% |
| Amounts payable after more than one year | 17 | €146,774 | €559,469 | +€412,695 | +281.2% |
| Financial debts | 170/4 | €146,774 | €559,469 | +€412,695 | +281.2% |
| Amounts payable within one year | 42/48 | €673,574 | €808,810 | +€135,236 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €70,471 | €200,179 | +€129,708 | +184.1% |
| Trade debts | 44 | €406,376 | €411,068 | +€4,692 | +1.2% |
| Suppliers | 440/4 | €406,376 | €411,068 | +€4,692 | +1.2% |
| Taxes, remuneration and social security | 45 | €132,958 | €133,829 | +€871 | +0.7% |
| Taxes | 450/3 | €106,720 | €100,301 | -€6,419 | -6.0% |
| Remuneration and social security | 454/9 | €26,239 | €33,528 | +€7,289 | +27.8% |
| Other amounts payable | 47/48 | €63,768 | €63,733 | -€34 | -0.1% |
| Accrued charges and deferred income | 492/3 | €112,809 | €112,809 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €389,536 | €505,723 | +€116,187 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,648 | €144,060 | +€20,412 | +16.5% |
| Other operating charges | 640/8 | €2,874 | €3,511 | +€637 | +22.2% |
| Gross operating margin | 9900 | €759,253 | €783,235 | +€23,982 | +3.2% |
| Operating profit (loss) | 9901 | €243,195 | €129,941 | -€113,254 | -46.6% |
| Financial income | 75/76B | €3,426 | €2,272 | -€1,153 | -33.7% |
| Recurring financial income | 75 | €3,426 | €2,272 | -€1,153 | -33.7% |
| Financial charges | 65/66B | €9,119 | €13,312 | +€4,193 | +46.0% |
| Recurring financial charges | 65 | €9,119 | €13,312 | +€4,193 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €237,502 | €118,902 | -€118,600 | -49.9% |
| Income taxes | 67/77 | €66,200 | €34,101 | -€32,099 | -48.5% |
| Profit (loss) for the period | 9904 | €171,302 | €84,801 | -€86,501 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €171,302 | €84,801 | -€86,501 | -50.5% |
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 5 October 2026 via checked.be.