Bertram Ingenieursbureau: 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.
Bertram Ingenieursbureau
Largest movements
- Current investments +€980,298
up €980,298 (+1,578%), from €62,133 to €1.0m
- Cash -€628,799
down €628,799 (-86.7%), from €725,505 to €96,707
mainly Current investments (-€980,298) and Deferred charges and accrued income (-€7,690)
- Receivables within one year -€87,712
down €87,712 (-19.1%), from €458,473 to €370,761
of which Trade receivables: -€87,356
- Reserves +€215,306
up €215,306 (+18.8%), from €1.1m to €1.4m
of which Distributable reserves: +€341,606
- Tax, wage and social debts +€45,433
up €45,433 (+55.2%), from €82,379 to €127,812
of which Taxes: +€54,840
- Gross operating margin -€79,259
down €79,259 (-14.0%), from €564,349 to €485,090
- Staff costs +€39,489
up €39,489 (+28.6%), from €138,231 to €177,720
- Financial income +€5,840
up €5,840 (+32.7%), from €17,866 to €23,706
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.
Derived cash bridge
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 | €1,274,926 | €1,537,967 | +€263,041 | +20.6% |
| Fixed assets | 21/28 | €23,056 | €14,619 | -€8,437 | -36.6% |
| Tangible fixed assets | 22/27 | €23,056 | €14,619 | -€8,437 | -36.6% |
| Plant, machinery and equipment | 23 | €10,358 | €8,950 | -€1,407 | -13.6% |
| Furniture and vehicles | 24 | €12,699 | €5,669 | -€7,030 | -55.4% |
| Current assets | 29/58 | €1,251,870 | €1,523,348 | +€271,478 | +21.7% |
| Amounts receivable within one year | 40/41 | €458,473 | €370,761 | -€87,712 | -19.1% |
| Trade receivables | 40 | €330,622 | €243,266 | -€87,356 | -26.4% |
| Other amounts receivable | 41 | €127,851 | €127,495 | -€356 | -0.3% |
| Current investments | 50/53 | €62,133 | €1,042,431 | +€980,298 | +1,578% |
| Cash at bank and in hand | 54/58 | €725,505 | €96,707 | -€628,799 | -86.7% |
| Deferred charges and accrued income | 490/1 | €5,759 | €13,449 | +€7,690 | +134% |
| Total equity and liabilities | 10/49 | €1,274,926 | €1,537,967 | +€263,041 | +20.6% |
| Equity | 10/15 | €1,158,773 | €1,374,080 | +€215,306 | +18.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,146,373 | €1,361,680 | +€215,306 | +18.8% |
| Tax-exempt reserves | 132 | €271,545 | €145,245 | -€126,300 | -46.5% |
| Distributable reserves | 133 | €874,828 | €1,216,435 | +€341,606 | +39.0% |
| Amounts payable | 17/49 | €116,153 | €163,887 | +€47,734 | +41.1% |
| Amounts payable within one year | 42/48 | €116,153 | €163,887 | +€47,734 | +41.1% |
| Trade debts | 44 | €33,774 | €30,961 | -€2,813 | -8.3% |
| Suppliers | 440/4 | €33,774 | €30,961 | -€2,813 | -8.3% |
| Taxes, remuneration and social security | 45 | €82,379 | €127,812 | +€45,433 | +55.2% |
| Taxes | 450/3 | €52,640 | €107,480 | +€54,840 | +104% |
| Remuneration and social security | 454/9 | €29,740 | €20,333 | -€9,407 | -31.6% |
| Other amounts payable | 47/48 | - | €5,114 | +€5,114 | |
| Remuneration, social security and pensions | 62 | €138,231 | €177,720 | +€39,489 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,222 | €8,925 | -€3,297 | -27.0% |
| Other operating charges | 640/8 | €1,693 | €2,856 | +€1,163 | +68.7% |
| Non-recurring operating charges | 66A | €17,928 | €697 | -€17,231 | -96.1% |
| Gross operating margin | 9900 | €564,349 | €485,090 | -€79,259 | -14.0% |
| Operating profit (loss) | 9901 | €394,274 | €294,892 | -€99,382 | -25.2% |
| Financial income | 75/76B | €17,866 | €23,706 | +€5,840 | +32.7% |
| Recurring financial income | 75 | €17,866 | €23,706 | +€5,840 | +32.7% |
| Financial charges | 65/66B | €614 | €296 | -€319 | -51.9% |
| Recurring financial charges | 65 | €614 | €296 | -€319 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €411,527 | €318,303 | -€93,224 | -22.7% |
| Income taxes | 67/77 | €103,457 | €102,996 | -€461 | -0.4% |
| Profit (loss) for the period | 9904 | €308,070 | €215,306 | -€92,763 | -30.1% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €126,300 | +€42,100 | +50.0% |
| Transfer to tax-exempt reserves | 689 | €145,245 | €0 | -€145,245 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €247,025 | €341,606 | +€94,582 | +38.3% |
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 23 October 2026 via checked.be.