BERTOPEDICS: 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.
BERTOPEDICS
Largest movements
- Receivables after one year +€26,301
up €26,301 (+372.6%), from €7,058 to €33,359
- Tangible fixed assets -€12,549
down €12,549 (-28.2%), from €44,572 to €32,023
of which Furniture and vehicles: -€11,729
- Receivables within one year -€9,652
down €9,652 (-38.4%), from €25,145 to €15,493
of which Other amounts receivable: -€12,824
- Cash -€8,235
down €8,235 (-13.0%), from €63,492 to €55,257
mainly Contributions, distributions and other (-€37,923) and Receivables after one year (-€26,301)
- Profit (loss) carried forward -€37,923
down €37,923 (-100.0%), from €37,923 to €0
- Other debts +€30,150
new in 2025: €30,150
- Reserves +€15,596
up €15,596 (+30.8%), from €50,715 to €66,311
- Debts after one year -€9,212
down €9,212 (-38.4%), from €23,963 to €14,750
- Tax, wage and social debts -€3,444
down €3,444 (-25.7%), from €13,387 to €9,943
- Gross operating margin -€2,987
down €2,987 (-6.7%), from €44,565 to €41,578
- Staff costs +€1,779
new in 2025: €1,779
- Taxes -€1,473
down €1,473 (-14.2%), from €10,359 to €8,885
- Other operating charges +€560
up €560 (+63.3%), from €886 to €1,447
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 | €142,171 | €136,792 | -€5,379 | -3.8% |
| Fixed assets | 21/28 | €44,572 | €32,023 | -€12,549 | -28.2% |
| Tangible fixed assets | 22/27 | €44,572 | €32,023 | -€12,549 | -28.2% |
| Plant, machinery and equipment | 23 | €3,912 | €3,092 | -€820 | -21.0% |
| Furniture and vehicles | 24 | €40,660 | €28,931 | -€11,729 | -28.8% |
| Current assets | 29/58 | €97,599 | €104,769 | +€7,170 | +7.3% |
| Amounts receivable after more than one year | 29 | €7,058 | €33,359 | +€26,301 | +372.6% |
| Other amounts receivable | 291 | €7,058 | €33,359 | +€26,301 | +372.6% |
| Amounts receivable within one year | 40/41 | €25,145 | €15,493 | -€9,652 | -38.4% |
| Trade receivables | 40 | €12,320 | €15,493 | +€3,172 | +25.7% |
| Other amounts receivable | 41 | €12,824 | €0 | -€12,824 | -100.0% |
| Cash at bank and in hand | 54/58 | €63,492 | €55,257 | -€8,235 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,904 | €659 | -€1,244 | -65.4% |
| Total equity and liabilities | 10/49 | €142,171 | €136,792 | -€5,379 | -3.8% |
| Equity | 10/15 | €89,638 | €67,311 | -€22,327 | -24.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,715 | €66,311 | +€15,596 | +30.8% |
| Distributable reserves | 133 | €50,715 | €66,311 | +€15,596 | +30.8% |
| Profit (loss) carried forward | 14 | €37,923 | €0 | -€37,923 | -100.0% |
| Amounts payable | 17/49 | €52,532 | €69,480 | +€16,948 | +32.3% |
| Amounts payable after more than one year | 17 | €23,963 | €14,750 | -€9,212 | -38.4% |
| Financial debts | 170/4 | €23,963 | €14,750 | -€9,212 | -38.4% |
| Amounts payable within one year | 42/48 | €28,570 | €54,730 | +€26,161 | +91.6% |
| Current portion of amounts payable after more than one year | 42 | €8,745 | €9,212 | +€468 | +5.3% |
| Trade debts | 44 | €6,438 | €5,425 | -€1,013 | -15.7% |
| Suppliers | 440/4 | €6,438 | €5,425 | -€1,013 | -15.7% |
| Taxes, remuneration and social security | 45 | €13,387 | €9,943 | -€3,444 | -25.7% |
| Taxes | 450/3 | €13,387 | €9,943 | -€3,444 | -25.7% |
| Other amounts payable | 47/48 | - | €30,150 | +€30,150 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €1,779 | +€1,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,946 | €12,549 | -€397 | -3.1% |
| Other operating charges | 640/8 | €886 | €1,447 | +€560 | +63.3% |
| Gross operating margin | 9900 | €44,565 | €41,578 | -€2,987 | -6.7% |
| Operating profit (loss) | 9901 | €30,733 | €25,804 | -€4,929 | -16.0% |
| Financial income | 75/76B | €360 | €316 | -€44 | -12.1% |
| Recurring financial income | 75 | €360 | €316 | -€44 | -12.1% |
| Financial charges | 65/66B | €2,018 | €1,638 | -€379 | -18.8% |
| Recurring financial charges | 65 | €2,018 | €1,638 | -€379 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €29,075 | €24,481 | -€4,593 | -15.8% |
| Income taxes | 67/77 | €10,359 | €8,885 | -€1,473 | -14.2% |
| Profit (loss) for the period | 9904 | €18,716 | €15,596 | -€3,120 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,716 | €15,596 | -€3,120 | -16.7% |
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 6 October 2026 via checked.be.