Bertrand FASTRE: 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 FASTRE
Largest movements
- Tangible fixed assets +€215,886
up €215,886 (+76.4%), from €282,728 to €498,614
of which Furniture and vehicles: +€230,201
- Cash +€68,547
up €68,547 (+222%), from €30,843 to €99,389
mainly Debts after one year (+€189,863) and Net result for the year (+€185,741)
- Receivables within one year +€21,636
up €21,636 (+1.8%), from €1.2m to €1.2m
of which Trade receivables: +€30,226
- Debts after one year +€189,863
up €189,863 (+127%), from €150,072 to €339,935
- Short-term financial debts -€120,000
down €120,000 (-54.5%), from €220,000 to €100,000
- Other debts +€100,847
up €100,847 (+71.6%), from €140,898 to €241,745
- Current portion of long-term debt +€43,948
up €43,948 (+79.3%), from €55,422 to €99,370
- Profit (loss) carried forward +€35,741
up €35,741 (+8.8%), from €404,292 to €440,033
- Gross operating margin +€175,155
up €175,155 (+55.7%), from €314,356 to €489,510
- Staff costs +€29,346
up €29,346 (+34.3%), from €85,507 to €114,853
- Depreciation +€22,879
up €22,879 (+39.0%), from €58,676 to €81,555
- Taxes +€21,569
up €21,569 (+101%), from €21,410 to €42,979
- Financial charges +€10,125
up €10,125 (+51.2%), from €19,794 to €29,920
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 | €1,545,589 | €1,841,659 | +€296,070 | +19.2% |
| Fixed assets | 21/28 | €298,308 | €514,444 | +€216,136 | +72.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €282,728 | €498,614 | +€215,886 | +76.4% |
| Plant, machinery and equipment | 23 | €58,486 | €44,486 | -€14,000 | -23.9% |
| Furniture and vehicles | 24 | €201,265 | €431,466 | +€230,201 | +114% |
| Other tangible fixed assets | 26 | €22,977 | €22,662 | -€315 | -1.4% |
| Financial fixed assets | 28 | €15,580 | €15,830 | +€250 | +1.6% |
| Current assets | 29/58 | €1,247,281 | €1,327,215 | +€79,934 | +6.4% |
| Stocks and contracts in progress | 3 | €19,826 | €13,560 | -€6,266 | -31.6% |
| Stocks | 30/36 | €19,826 | €13,560 | -€6,266 | -31.6% |
| Amounts receivable within one year | 40/41 | €1,186,922 | €1,208,557 | +€21,636 | +1.8% |
| Trade receivables | 40 | €1,178,331 | €1,208,557 | +€30,226 | +2.6% |
| Other amounts receivable | 41 | €8,590 | €0 | -€8,590 | -100% |
| Cash at bank and in hand | 54/58 | €30,843 | €99,389 | +€68,547 | +222% |
| Deferred charges and accrued income | 490/1 | €9,691 | €5,708 | -€3,983 | -41.1% |
| Total equity and liabilities | 10/49 | €1,545,589 | €1,841,659 | +€296,070 | +19.2% |
| Equity | 10/15 | €459,054 | €490,485 | +€31,431 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,126 | €20,126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,266 | €18,266 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €404,292 | €440,033 | +€35,741 | +8.8% |
| Investment grants | 15 | €16,037 | €11,726 | -€4,311 | -26.9% |
| Amounts payable | 17/49 | €1,086,535 | €1,351,174 | +€264,639 | +24.4% |
| Amounts payable after more than one year | 17 | €150,072 | €339,935 | +€189,863 | +127% |
| Financial debts | 170/4 | €150,072 | €339,935 | +€189,863 | +127% |
| Amounts payable within one year | 42/48 | €935,734 | €1,010,285 | +€74,551 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €55,422 | €99,370 | +€43,948 | +79.3% |
| Financial debts | 43 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Credit institutions | 430/8 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Trade debts | 44 | €497,452 | €516,288 | +€18,836 | +3.8% |
| Suppliers | 440/4 | €497,452 | €516,288 | +€18,836 | +3.8% |
| Taxes, remuneration and social security | 45 | €21,962 | €52,883 | +€30,920 | +141% |
| Taxes | 450/3 | €13,418 | €43,890 | +€30,472 | +227% |
| Remuneration and social security | 454/9 | €8,545 | €8,993 | +€448 | +5.2% |
| Other amounts payable | 47/48 | €140,898 | €241,745 | +€100,847 | +71.6% |
| Accrued charges and deferred income | 492/3 | €728 | €954 | +€225 | +30.9% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €85,507 | €114,853 | +€29,346 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,676 | €81,555 | +€22,879 | +39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,782 | €28,385 | +€2,603 | +10.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €12,235 | €11,868 | -€366 | -3.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €314,356 | €489,510 | +€175,155 | +55.7% |
| Operating profit (loss) | 9901 | €132,156 | €252,849 | +€120,693 | +91.3% |
| Financial income | 75/76B | €4,658 | €5,791 | +€1,133 | +24.3% |
| Recurring financial income | 75 | €4,658 | €5,791 | +€1,133 | +24.3% |
| Financial charges | 65/66B | €19,794 | €29,920 | +€10,125 | +51.2% |
| Recurring financial charges | 65 | €19,794 | €29,920 | +€10,125 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €117,020 | €228,720 | +€111,700 | +95.5% |
| Income taxes | 67/77 | €21,410 | €42,979 | +€21,569 | +101% |
| Profit (loss) for the period | 9904 | €95,610 | €185,741 | +€90,131 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,610 | €185,741 | +€90,131 | +94.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.