BERTONI: 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.
BERTONI
Largest movements
- Tangible fixed assets -€9,915
down €9,915 (-5.4%), from €182,506 to €172,591
- Contributions -€18,778
down €18,778 (-49.5%), from €37,935 to €19,156
- Tax, wage and social debts +€6,100
up €6,100 (+41.6%), from €14,671 to €20,772
- Other debts +€5,265
up €5,265 (+29.5%), from €17,847 to €23,112
- Trade debts -€3,893
down €3,893 (-45.2%), from €8,614 to €4,720
- Reserves +€2,849
up €2,849 (+3.4%), from €84,750 to €87,599
of which Distributable reserves: +€2,849
- Depreciation -€7,022
down €7,022 (-41.5%), from €16,937 to €9,915
- Gross operating margin +€5,487
up €5,487 (+11.0%), from €50,082 to €55,568
- Taxes +€4,356
up €4,356 (+53.0%), from €8,218 to €12,573
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 | €183,386 | €172,596 | -€10,790 | -5.9% |
| Fixed assets | 21/28 | €182,506 | €172,591 | -€9,915 | -5.4% |
| Tangible fixed assets | 22/27 | €182,506 | €172,591 | -€9,915 | -5.4% |
| Land and buildings | 22 | €182,506 | €172,591 | -€9,915 | -5.4% |
| Current assets | 29/58 | €880 | €5 | -€875 | -99.5% |
| Cash at bank and in hand | 54/58 | €5 | €5 | -€0 | -4.6% |
| Deferred charges and accrued income | 490/1 | €875 | €0 | -€875 | -100.0% |
| Total equity and liabilities | 10/49 | €183,386 | €172,596 | -€10,790 | -5.9% |
| Equity | 10/15 | €127,285 | €111,356 | -€15,929 | -12.5% |
| Contributions | 10/11 | €37,935 | €19,156 | -€18,778 | -49.5% |
| Reserves | 13 | €84,750 | €87,599 | +€2,849 | +3.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €78,600 | €81,449 | +€2,849 | +3.6% |
| Profit (loss) carried forward | 14 | €4,600 | €4,600 | = | 0.0% |
| Amounts payable | 17/49 | €56,102 | €61,240 | +€5,139 | +9.2% |
| Amounts payable after more than one year | 17 | €6,192 | €3,345 | -€2,847 | -46.0% |
| Financial debts | 170/4 | €4,992 | €2,145 | -€2,847 | -57.0% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,910 | €57,896 | +€7,986 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €5,057 | €5,423 | +€365 | +7.2% |
| Financial debts | 43 | €3,720 | €3,869 | +€149 | +4.0% |
| Credit institutions | 430/8 | €3,720 | €3,869 | +€149 | +4.0% |
| Trade debts | 44 | €8,614 | €4,720 | -€3,893 | -45.2% |
| Suppliers | 440/4 | €8,614 | €4,720 | -€3,893 | -45.2% |
| Taxes, remuneration and social security | 45 | €14,671 | €20,772 | +€6,100 | +41.6% |
| Taxes | 450/3 | €14,671 | €20,772 | +€6,100 | +41.6% |
| Other amounts payable | 47/48 | €17,847 | €23,112 | +€5,265 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,937 | €9,915 | -€7,022 | -41.5% |
| Other operating charges | 640/8 | €6,849 | €7,064 | +€215 | +3.1% |
| Gross operating margin | 9900 | €50,082 | €55,568 | +€5,487 | +11.0% |
| Operating profit (loss) | 9901 | €26,296 | €38,589 | +€12,294 | +46.8% |
| Financial charges | 65/66B | €1,527 | €1,304 | -€223 | -14.6% |
| Recurring financial charges | 65 | €1,527 | €1,304 | -€223 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €24,769 | €37,286 | +€12,517 | +50.5% |
| Income taxes | 67/77 | €8,218 | €12,573 | +€4,356 | +53.0% |
| Profit (loss) for the period | 9904 | €16,551 | €24,712 | +€8,161 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,551 | €24,712 | +€8,161 | +49.3% |
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 2 October 2026 via checked.be.