BERTRAND LAMBERT: what changed
Two fiscal 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 LAMBERT
Largest movements
- Cash +€68,369
up €68,369 (+143.6%), from €47,624 to €115,993
mainly Net result for the year (+€101,399) and Other debts (+€94,373)
- Tangible fixed assets -€56,090
down €56,090 (-13.7%), from €410,613 to €354,523
- Other debts +€94,373
new in 2025: €94,373
- Reserves -€72,466
down €72,466 (-68.2%), from €106,245 to €33,780
of which Distributable reserves: -€72,466
- Debts after one year -€63,244
down €63,244 (-15.0%), from €421,430 to €358,185
- Trade debts +€30,887
up €30,887 (+187.1%), from €16,509 to €47,396
- Tax, wage and social debts +€24,784
up €24,784 (+108.6%), from €22,817 to €47,601
of which Taxes: +€23,275
- Gross operating margin +€123,387
up €123,387 (+70.1%), from €175,988 to €299,375
- Taxes +€27,129
up €27,129 (+483.7%), from €5,608 to €32,738
- Depreciation +€9,453
up €9,453 (+11.9%), from €79,374 to €88,828
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.
Cash bridge derived
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 | €633,101 | €650,779 | +€17,678 | +2.8% |
| Fixed assets | 21/28 | €410,613 | €354,523 | -€56,090 | -13.7% |
| Tangible fixed assets | 22/27 | €410,613 | €354,523 | -€56,090 | -13.7% |
| Land and buildings | 22 | €221,913 | €203,312 | -€18,601 | -8.4% |
| Plant, machinery and equipment | 23 | €129,803 | €117,771 | -€12,032 | -9.3% |
| Furniture and vehicles | 24 | €58,897 | €33,440 | -€25,457 | -43.2% |
| Current assets | 29/58 | €222,489 | €296,256 | +€73,768 | +33.2% |
| Amounts receivable within one year | 40/41 | €167,646 | €171,415 | +€3,770 | +2.2% |
| Trade receivables | 40 | €5,295 | €4,960 | -€334 | -6.3% |
| Other amounts receivable | 41 | €162,351 | €166,455 | +€4,104 | +2.5% |
| Cash at bank and in hand | 54/58 | €47,624 | €115,993 | +€68,369 | +143.6% |
| Deferred charges and accrued income | 490/1 | €7,218 | €8,848 | +€1,629 | +22.6% |
| Total equity and liabilities | 10/49 | €633,101 | €650,779 | +€17,678 | +2.8% |
| Equity | 10/15 | €105,420 | €39,980 | -€65,440 | -62.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,245 | €33,780 | -€72,466 | -68.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,920 | €31,920 | = | 0.0% |
| Distributable reserves | 133 | €72,466 | - | -€72,466 | |
| Profit (loss) carried forward | 14 | -€7,026 | - | +€7,026 | |
| Amounts payable | 17/49 | €527,682 | €610,800 | +€83,118 | +15.8% |
| Amounts payable after more than one year | 17 | €421,430 | €358,185 | -€63,244 | -15.0% |
| Financial debts | 170/4 | €421,430 | €358,185 | -€63,244 | -15.0% |
| Amounts payable within one year | 42/48 | €106,252 | €252,615 | +€146,362 | +137.7% |
| Current portion of amounts payable after more than one year | 42 | €66,927 | €63,244 | -€3,683 | -5.5% |
| Trade debts | 44 | €16,509 | €47,396 | +€30,887 | +187.1% |
| Suppliers | 440/4 | €16,509 | €47,396 | +€30,887 | +187.1% |
| Taxes, remuneration and social security | 45 | €22,817 | €47,601 | +€24,784 | +108.6% |
| Taxes | 450/3 | €13,747 | €37,022 | +€23,275 | +169.3% |
| Remuneration and social security | 454/9 | €9,070 | €10,579 | +€1,509 | +16.6% |
| Other amounts payable | 47/48 | - | €94,373 | +€94,373 | |
| Remuneration, social security and pensions | 62 | €77,256 | €75,167 | -€2,089 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,374 | €88,828 | +€9,453 | +11.9% |
| Other operating charges | 640/8 | €1,000 | €37 | -€962 | -96.3% |
| Gross operating margin | 9900 | €175,988 | €299,375 | +€123,387 | +70.1% |
| Operating profit (loss) | 9901 | €18,358 | €135,343 | +€116,985 | +637.2% |
| Financial income | 75/76B | €9,287 | €9,928 | +€641 | +6.9% |
| Recurring financial income | 75 | €9,287 | €9,928 | +€641 | +6.9% |
| Financial charges | 65/66B | €11,879 | €11,134 | -€745 | -6.3% |
| Recurring financial charges | 65 | €11,879 | €11,134 | -€745 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €15,766 | €134,137 | +€118,371 | +750.8% |
| Income taxes | 67/77 | €5,608 | €32,738 | +€27,129 | +483.7% |
| Profit (loss) for the period | 9904 | €10,157 | €101,399 | +€91,242 | +898.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,157 | €101,399 | +€91,242 | +898.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.