Bertouille Immo: 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.
Bertouille Immo
Largest movements
- Deferred charges and accrued income +€88,115
up €88,115 (+13674.4%), from €644 to €88,759
- Tangible fixed assets -€47,997
down €47,997 (-2.7%), from €1.8m to €1.7m
of which Land and buildings: -€47,561
- Trade debts +€130,211
up €130,211 (+523.3%), from €24,883 to €155,094
- Debts after one year -€94,019
down €94,019 (-11.0%), from €855,950 to €761,931
of which Financial debts: -€94,349
- Other debts +€50,598
up €50,598 (+4.4%), from €1.1m to €1.2m
- Profit (loss) carried forward -€36,292
down €36,292 (-19.0%), from €191,184 to €154,892
- Gross operating margin -€130,165
down €130,165 (-68.8%), from €189,147 to €58,982
- Taxes -€15,150
no longer reported in 2025 (was €15,150)
- Other operating charges -€8,513
down €8,513 (-73.4%), from €11,602 to €3,088
- Financial charges -€2,331
down €2,331 (-5.5%), from €42,298 to €39,967
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 | €2,411,781 | €2,455,327 | +€43,546 | +1.8% |
| Fixed assets | 21/28 | €1,799,217 | €1,751,220 | -€47,997 | -2.7% |
| Tangible fixed assets | 22/27 | €1,797,685 | €1,749,688 | -€47,997 | -2.7% |
| Land and buildings | 22 | €1,794,399 | €1,746,838 | -€47,561 | -2.7% |
| Plant, machinery and equipment | 23 | €3,286 | €2,851 | -€435 | -13.2% |
| Financial fixed assets | 28 | €1,532 | €1,532 | = | 0.0% |
| Current assets | 29/58 | €612,564 | €704,107 | +€91,543 | +14.9% |
| Amounts receivable within one year | 40/41 | €611,785 | €615,342 | +€3,557 | +0.6% |
| Trade receivables | 40 | €524,425 | €523,971 | -€454 | -0.1% |
| Other amounts receivable | 41 | €87,360 | €91,371 | +€4,011 | +4.6% |
| Cash at bank and in hand | 54/58 | €135 | €6 | -€129 | -95.6% |
| Deferred charges and accrued income | 490/1 | €644 | €88,759 | +€88,115 | +13674.4% |
| Total equity and liabilities | 10/49 | €2,411,781 | €2,455,327 | +€43,546 | +1.8% |
| Equity | 10/15 | €221,644 | €185,352 | -€36,292 | -16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,184 | €154,892 | -€36,292 | -19.0% |
| Amounts payable | 17/49 | €2,190,137 | €2,269,975 | +€79,838 | +3.6% |
| Amounts payable after more than one year | 17 | €855,950 | €761,931 | -€94,019 | -11.0% |
| Financial debts | 170/4 | €848,272 | €753,923 | -€94,349 | -11.1% |
| Trade debts | 175 | €1,478 | €1,478 | = | 0.0% |
| Other amounts payable | 178/9 | €6,200 | €6,530 | +€330 | +5.3% |
| Amounts payable within one year | 42/48 | €1,333,057 | €1,506,704 | +€173,647 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €90,553 | €96,810 | +€6,257 | +6.9% |
| Financial debts | 43 | €28,457 | €34,190 | +€5,734 | +20.1% |
| Credit institutions | 430/8 | €28,457 | €34,190 | +€5,734 | +20.1% |
| Trade debts | 44 | €24,883 | €155,094 | +€130,211 | +523.3% |
| Suppliers | 440/4 | €24,883 | €155,094 | +€130,211 | +523.3% |
| Advances received on contracts in progress | 46 | €5,687 | €5,687 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €37,797 | €18,645 | -€19,152 | -50.7% |
| Taxes | 450/3 | €37,797 | €18,645 | -€19,152 | -50.7% |
| Other amounts payable | 47/48 | €1,145,680 | €1,196,277 | +€50,598 | +4.4% |
| Accrued charges and deferred income | 492/3 | €1,130 | €1,340 | +€210 | +18.6% |
| Non-recurring operating income | 76A | €4,481 | - | -€4,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,264 | €52,218 | -€46 | -0.1% |
| Other operating charges | 640/8 | €11,602 | €3,088 | -€8,513 | -73.4% |
| Gross operating margin | 9900 | €189,147 | €58,982 | -€130,165 | -68.8% |
| Operating profit (loss) | 9901 | €125,281 | €3,675 | -€121,606 | -97.1% |
| Financial charges | 65/66B | €42,298 | €39,967 | -€2,331 | -5.5% |
| Recurring financial charges | 65 | €42,298 | €39,967 | -€2,331 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €82,983 | -€36,292 | -€119,275 | |
| Income taxes | 67/77 | €15,150 | - | -€15,150 | |
| Profit (loss) for the period | 9904 | €67,833 | -€36,292 | -€104,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,833 | -€36,292 | -€104,125 |
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 9 October 2026 via checked.be.