BERTRAND CHARLENE: 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.
BERTRAND CHARLENE
Largest movements
- Receivables within one year +€22,848
up €22,848 (+100%), from €22,825 to €45,673
of which Other amounts receivable: +€22,844
- Deferred charges and accrued income +€3,465
up €3,465 (+24.7%), from €14,022 to €17,488
- Cash +€2,716
up €2,716 (+3.6%), from €74,706 to €77,423
mainly Other debts (+€51,639) and Net result for the year (+€28,837)
- Other debts +€51,639
new in 2026: €51,639
- Reserves -€27,517
down €27,517 (-26.6%), from €103,489 to €75,972
- Tax, wage and social debts +€4,486
up €4,486 (+174%), from €2,580 to €7,065
of which Taxes: +€2,486
- Gross operating margin -€22,682
down €22,682 (-35.8%), from €63,365 to €40,683
- Taxes -€9,054
down €9,054 (-51.5%), from €17,580 to €8,526
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,553 | €140,583 | +€29,030 | +26.0% |
| Current assets | 29/58 | €111,553 | €140,583 | +€29,030 | +26.0% |
| Amounts receivable within one year | 40/41 | €22,825 | €45,673 | +€22,848 | +100% |
| Trade receivables | 40 | €60 | €64 | +€4 | +6.7% |
| Other amounts receivable | 41 | €22,765 | €45,609 | +€22,844 | +100% |
| Cash at bank and in hand | 54/58 | €74,706 | €77,423 | +€2,716 | +3.6% |
| Deferred charges and accrued income | 490/1 | €14,022 | €17,488 | +€3,465 | +24.7% |
| Total equity and liabilities | 10/49 | €111,553 | €140,583 | +€29,030 | +26.0% |
| Equity | 10/15 | €106,989 | €79,472 | -€27,517 | -25.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €103,489 | €75,972 | -€27,517 | -26.6% |
| Distributable reserves | 133 | €103,489 | €75,972 | -€27,517 | -26.6% |
| Amounts payable | 17/49 | €4,564 | €61,112 | +€56,547 | +1,239% |
| Amounts payable within one year | 42/48 | €4,564 | €61,112 | +€56,547 | +1,239% |
| Trade debts | 44 | €1,985 | €2,407 | +€423 | +21.3% |
| Suppliers | 440/4 | €1,985 | €2,407 | +€423 | +21.3% |
| Taxes, remuneration and social security | 45 | €2,580 | €7,065 | +€4,486 | +174% |
| Taxes | 450/3 | €2,580 | €5,065 | +€2,486 | +96.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €51,639 | +€51,639 | |
| Other operating charges | 640/8 | - | €200 | +€200 | |
| Gross operating margin | 9900 | €63,365 | €40,683 | -€22,682 | -35.8% |
| Operating profit (loss) | 9901 | €63,365 | €40,483 | -€22,882 | -36.1% |
| Financial income | 75/76B | €1,914 | €1,797 | -€117 | -6.1% |
| Recurring financial income | 75 | €1,914 | €1,797 | -€117 | -6.1% |
| Financial charges | 65/66B | €4,519 | €4,917 | +€398 | +8.8% |
| Recurring financial charges | 65 | €4,519 | €4,917 | +€398 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €60,760 | €37,363 | -€23,397 | -38.5% |
| Income taxes | 67/77 | €17,580 | €8,526 | -€9,054 | -51.5% |
| Profit (loss) for the period | 9904 | €43,181 | €28,837 | -€14,344 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,181 | €28,837 | -€14,344 | -33.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.