BERTRAND CONSULTING: 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 CONSULTING
Largest movements
- Stocks and contracts -€55,861
down €55,861 (-28.9%), from €193,476 to €137,615
- Receivables within one year +€9,320
up €9,320 (+72.5%), from €12,859 to €22,179
- Cash -€5,805
down €5,805 (-98.6%), from €5,885 to €80
mainly Trade debts (-€38,462) and Receivables within one year (-€9,320)
- Trade debts -€38,462
down €38,462 (-72.3%), from €53,195 to €14,733
- Accrued charges and deferred income -€7,456
down €7,456 (-82.9%), from €8,993 to €1,537
- Profit (loss) carried forward -€7,095
down €7,095 (-8.1%), from €87,205 to €80,110
- Other debts +€2,405
up €2,405 (+12.5%), from €19,255 to €21,660
- Turnover -€58,493
down €58,493 (-38.8%), from €150,769 to €92,276
- Purchases and services -€36,111
down €36,111 (-32.4%), from €111,394 to €75,283
- Gross operating margin -€19,801
down €19,801 (-50.3%), from €39,375 to €19,574
- Staff costs -€10,749
down €10,749 (-61.7%), from €17,431 to €6,682
- Other operating charges -€2,039
down €2,039 (-37.1%), from €5,495 to €3,456
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 | €215,008 | €160,793 | -€54,215 | -25.2% |
| Formation expenses | 20 | €278 | €19 | -€259 | -93.2% |
| Fixed assets | 21/28 | €2,305 | €694 | -€1,611 | -69.9% |
| Tangible fixed assets | 22/27 | €765 | €354 | -€411 | -53.7% |
| Furniture and vehicles | 24 | €765 | €354 | -€411 | -53.7% |
| Financial fixed assets | 28 | €1,540 | €340 | -€1,200 | -77.9% |
| Current assets | 29/58 | €212,425 | €160,080 | -€52,345 | -24.6% |
| Stocks and contracts in progress | 3 | €193,476 | €137,615 | -€55,861 | -28.9% |
| Stocks | 30/36 | €193,476 | €137,615 | -€55,861 | -28.9% |
| Amounts receivable within one year | 40/41 | €12,859 | €22,179 | +€9,320 | +72.5% |
| Trade receivables | 40 | €12,859 | €22,179 | +€9,320 | +72.5% |
| Cash at bank and in hand | 54/58 | €5,885 | €80 | -€5,805 | -98.6% |
| Deferred charges and accrued income | 490/1 | €205 | €206 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €215,008 | €160,793 | -€54,215 | -25.2% |
| Equity | 10/15 | €107,657 | €100,562 | -€7,095 | -6.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,205 | €80,110 | -€7,095 | -8.1% |
| Amounts payable | 17/49 | €107,351 | €60,231 | -€47,120 | -43.9% |
| Amounts payable within one year | 42/48 | €98,358 | €58,694 | -€39,664 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €1,831 | - | -€1,831 | |
| Trade debts | 44 | €53,195 | €14,733 | -€38,462 | -72.3% |
| Suppliers | 440/4 | €53,195 | €14,733 | -€38,462 | -72.3% |
| Taxes, remuneration and social security | 45 | €24,077 | €22,301 | -€1,776 | -7.4% |
| Taxes | 450/3 | €16,293 | €17,550 | +€1,257 | +7.7% |
| Remuneration and social security | 454/9 | €7,784 | €4,751 | -€3,033 | -39.0% |
| Other amounts payable | 47/48 | €19,255 | €21,660 | +€2,405 | +12.5% |
| Accrued charges and deferred income | 492/3 | €8,993 | €1,537 | -€7,456 | -82.9% |
| Turnover | 70 | €150,769 | €92,276 | -€58,493 | -38.8% |
| Non-recurring operating income | 76A | - | €2,581 | +€2,581 | |
| Goods, raw materials, services and sundry goods | 60/61 | €111,394 | €75,283 | -€36,111 | -32.4% |
| Remuneration, social security and pensions | 62 | €17,431 | €6,682 | -€10,749 | -61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,079 | €669 | -€410 | -38.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,438 | €10,537 | +€1,099 | +11.6% |
| Other operating charges | 640/8 | €5,495 | €3,456 | -€2,039 | -37.1% |
| Non-recurring operating charges | 66A | €1,101 | €3,216 | +€2,115 | +192% |
| Gross operating margin | 9900 | €39,375 | €19,574 | -€19,801 | -50.3% |
| Operating profit (loss) | 9901 | €4,831 | -€4,986 | -€9,817 | |
| Financial income | 75/76B | €4 | €5 | +€1 | +25.0% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +25.0% |
| Financial charges | 65/66B | €2,782 | €2,083 | -€699 | -25.1% |
| Recurring financial charges | 65 | €2,782 | €2,083 | -€699 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €2,053 | -€7,064 | -€9,117 | |
| Income taxes | 67/77 | €1,519 | €31 | -€1,488 | -98.0% |
| Profit (loss) for the period | 9904 | €534 | -€7,095 | -€7,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €534 | -€7,095 | -€7,629 |
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 16 October 2026 via checked.be.