BERTRAND-CHEVROL: 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.
What changed
BERTRAND-CHEVROL
NACE 86.230, Dental practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€159,508
2024 · €100,896+€58,612
Equity
€708,393
2024 · €608,429+€99,964
Cash
€207,610
2024 · €155,861+€51,749
Balance sheet total
€1.2m
2024 · €1.2m+€63,230
Largest movements
Assets
- Cash +€51,749
up €51,749 (+33.2%), from €155,861 to €207,610
mainly Net result for the year (+€159,508) and Depreciation (+€60,652)
Equity and liabilities
- Reserves +€99,950
up €99,950 (+18.1%), from €551,641 to €651,590
of which Distributable reserves: +€99,950
- Debts after one year -€51,689
down €51,689 (-12.0%), from €429,550 to €377,861
Income statement
- Gross operating margin +€113,605
up €113,605 (+32.0%), from €355,248 to €468,854
- Taxes +€31,712
up €31,712 (+79.6%), from €39,854 to €71,566
- Staff costs +€24,030
up €24,030 (+18.6%), from €129,341 to €153,371
- Other operating charges -€5,561
down €5,561 (-47.4%), from €11,742 to €6,181
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.
Result 2024
€100,896
Gross operating margin
+€113,605
Staff costs
-€24,030
Depreciation
-€3,247
Other operating charges
+€5,561
Financial income
+€469
Financial charges
-€2,035
Taxes
-€31,712
Result 2025
€159,508
raises the resultlowers the result
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.
From operations
+€232,628
Investment
-€70,202
Financing
-€110,677
Cash 2024
€155,861
From operations (derived)
+€232,628
Net result for the year
+€159,508
Depreciation
+€60,652
Stocks and contracts
-€700
Receivables within one year
-€2,909
Deferred charges and accrued income
+€1,679
Trade debts
+€661
Tax, wage and social debts
+€11,984
Other debts
+€1,707
Accrued charges and deferred income
+€46
Investment (derived)
-€70,202
Investment in fixed assets (net)
-€70,202
Financing
-€110,677
Debts after one year
-€51,689
Current portion of long-term debt
+€556
Contributions, distributions and other
-€59,544
Cash 2025
€207,610
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,155,647 | €1,218,877 | +€63,230 | +5.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €946,190 | €955,740 | +€9,550 | +1.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €946,140 | €955,690 | +€9,550 | +1.0% |
| Land and buildings | 22 | €826,987 | €818,966 | -€8,022 | -1.0% |
| Furniture and vehicles | 24 | €119,153 | €136,725 | +€17,572 | +14.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €209,457 | €263,136 | +€53,680 | +25.6% |
| Stocks and contracts in progress | 3 | €24,800 | €25,500 | +€700 | +2.8% |
| Stocks | 30/36 | €24,800 | €25,500 | +€700 | +2.8% |
| Amounts receivable within one year | 40/41 | €2,105 | €5,014 | +€2,909 | +138% |
| Trade receivables | 40 | €90 | €2,999 | +€2,909 | +3,232% |
| Other amounts receivable | 41 | €2,015 | €2,015 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €155,861 | €207,610 | +€51,749 | +33.2% |
| Deferred charges and accrued income | 490/1 | €26,692 | €25,013 | -€1,679 | -6.3% |
| Total equity and liabilities | 10/49 | €1,155,647 | €1,218,877 | +€63,230 | +5.5% |
| Equity | 10/15 | €608,429 | €708,393 | +€99,964 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €551,641 | €651,590 | +€99,950 | +18.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €549,781 | €649,730 | +€99,950 | +18.2% |
| Profit (loss) carried forward | 14 | €50,588 | €50,603 | +€14 | 0.0% |
| Amounts payable | 17/49 | €547,218 | €510,484 | -€36,734 | -6.7% |
| Amounts payable after more than one year | 17 | €429,550 | €377,861 | -€51,689 | -12.0% |
| Financial debts | 170/4 | €429,550 | €377,861 | -€51,689 | -12.0% |
| Amounts payable within one year | 42/48 | €115,148 | €130,057 | +€14,909 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €51,133 | €51,689 | +€556 | +1.1% |
| Trade debts | 44 | €20,303 | €20,964 | +€661 | +3.3% |
| Suppliers | 440/4 | €20,303 | €20,964 | +€661 | +3.3% |
| Taxes, remuneration and social security | 45 | €39,182 | €51,166 | +€11,984 | +30.6% |
| Taxes | 450/3 | €19,396 | €33,412 | +€14,016 | +72.3% |
| Remuneration and social security | 454/9 | €19,786 | €17,754 | -€2,032 | -10.3% |
| Other amounts payable | 47/48 | €4,531 | €6,238 | +€1,707 | +37.7% |
| Accrued charges and deferred income | 492/3 | €2,520 | €2,566 | +€46 | +1.8% |
| Remuneration, social security and pensions | 62 | €129,341 | €153,371 | +€24,030 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,404 | €60,652 | +€3,247 | +5.7% |
| Other operating charges | 640/8 | €11,742 | €6,181 | -€5,561 | -47.4% |
| Gross operating margin | 9900 | €355,248 | €468,854 | +€113,605 | +32.0% |
| Operating profit (loss) | 9901 | €156,761 | €248,651 | +€91,890 | +58.6% |
| Financial income | 75/76B | €666 | €1,136 | +€469 | +70.4% |
| Recurring financial income | 75 | €666 | €1,136 | +€469 | +70.4% |
| Financial charges | 65/66B | €16,677 | €18,712 | +€2,035 | +12.2% |
| Recurring financial charges | 65 | €16,677 | €18,712 | +€2,035 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €140,751 | €231,074 | +€90,324 | +64.2% |
| Income taxes | 67/77 | €39,854 | €71,566 | +€31,712 | +79.6% |
| Profit (loss) for the period | 9904 | €100,896 | €159,508 | +€58,612 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,896 | €159,508 | +€58,612 | +58.1% |
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 25 October 2026 via checked.be.