Bertpal: 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.
Bertpal
Largest movements
- Cash +€41,180
up €41,180 (+494.1%), from €8,335 to €49,515
mainly Net result for the year (+€114,166) and Tax, wage and social debts (+€22,531)
- Stocks and contracts +€35,493
new in 2025: €35,493
- Tangible fixed assets -€2,884
down €2,884 (-40.7%), from €7,095 to €4,211
of which Furniture and vehicles: -€2,305
- Reserves +€95,298
up €95,298 (+5123.6%), from €1,860 to €97,158
- Other debts -€59,283
no longer reported in 2025 (was €59,283)
- Tax, wage and social debts +€22,531
up €22,531 (+298.1%), from €7,557 to €30,088
of which Taxes: +€20,772
- Profit (loss) carried forward +€15,157
no longer reported in 2025 (was -€15,157)
- Gross operating margin +€125,079
up €125,079 (+76.6%), from €163,368 to €288,447
- Taxes +€40,238
new in 2025: €40,238
- Staff costs +€16,775
up €16,775 (+14.9%), from €112,544 to €129,319
- Other operating charges +€3,532
up €3,532 (+482.8%), from €732 to €4,264
- Write-downs -€3,312
new in 2025: -€3,312
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 | €68,389 | €142,964 | +€74,575 | +109.0% |
| Fixed assets | 21/28 | €7,095 | €4,411 | -€2,684 | -37.8% |
| Tangible fixed assets | 22/27 | €7,095 | €4,211 | -€2,884 | -40.7% |
| Plant, machinery and equipment | 23 | €2,765 | €2,186 | -€579 | -21.0% |
| Furniture and vehicles | 24 | €4,329 | €2,025 | -€2,305 | -53.2% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €61,294 | €138,554 | +€77,259 | +126.0% |
| Stocks and contracts in progress | 3 | - | €35,493 | +€35,493 | |
| Stocks | 30/36 | - | €35,493 | +€35,493 | |
| Amounts receivable within one year | 40/41 | €52,310 | €53,546 | +€1,236 | +2.4% |
| Trade receivables | 40 | €43,861 | - | -€43,861 | |
| Other amounts receivable | 41 | €8,449 | €53,546 | +€45,097 | +533.8% |
| Cash at bank and in hand | 54/58 | €8,335 | €49,515 | +€41,180 | +494.1% |
| Deferred charges and accrued income | 490/1 | €650 | - | -€650 | |
| Total equity and liabilities | 10/49 | €68,389 | €142,964 | +€74,575 | +109.0% |
| Equity | 10/15 | -€897 | €109,558 | +€110,455 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €97,158 | +€95,298 | +5123.6% |
| Distributable reserves | 133 | €1,860 | €97,158 | +€95,298 | +5123.6% |
| Profit (loss) carried forward | 14 | -€15,157 | - | +€15,157 | |
| Amounts payable | 17/49 | €69,286 | €33,406 | -€35,880 | -51.8% |
| Amounts payable within one year | 42/48 | €69,286 | €33,006 | -€36,280 | -52.4% |
| Trade debts | 44 | €2,446 | €2,918 | +€472 | +19.3% |
| Suppliers | 440/4 | €2,446 | €2,918 | +€472 | +19.3% |
| Taxes, remuneration and social security | 45 | €7,557 | €30,088 | +€22,531 | +298.1% |
| Taxes | 450/3 | €318 | €21,090 | +€20,772 | +6542.0% |
| Remuneration and social security | 454/9 | €7,240 | €8,999 | +€1,759 | +24.3% |
| Other amounts payable | 47/48 | €59,283 | - | -€59,283 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €112,544 | €129,319 | +€16,775 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,830 | €3,879 | +€49 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,312 | -€3,312 | |
| Other operating charges | 640/8 | €732 | €4,264 | +€3,532 | +482.8% |
| Gross operating margin | 9900 | €163,368 | €288,447 | +€125,079 | +76.6% |
| Operating profit (loss) | 9901 | €46,262 | €154,296 | +€108,034 | +233.5% |
| Financial income | 75/76B | €218 | €426 | +€208 | +95.6% |
| Recurring financial income | 75 | €218 | €426 | +€208 | +95.6% |
| Financial charges | 65/66B | €68 | €318 | +€250 | +366.5% |
| Recurring financial charges | 65 | €68 | €318 | +€250 | +366.5% |
| Profit (loss) for the period before taxes | 9903 | €46,411 | €154,404 | +€107,993 | +232.7% |
| Income taxes | 67/77 | - | €40,238 | +€40,238 | |
| Profit (loss) for the period | 9904 | €46,411 | €114,166 | +€67,755 | +146.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,411 | €114,166 | +€67,755 | +146.0% |
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.