BERTRAND PROPERTY GROUP: 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 PROPERTY GROUP
Largest movements
- Receivables within one year -€383,360
down €383,360 (-96.7%), from €396,339 to €12,979
- Stocks and contracts -€333,519
down €333,519 (-29.8%), from €1.1m to €787,081
- Debts after one year -€599,920
down €599,920 (-50.0%), from €1.2m to €600,080
- Profit (loss) carried forward -€206,304
down €206,304 (-268%), from -€76,926 to -€283,229
- Other debts +€90,119
up €90,119 (+25.7%), from €350,000 to €440,119
- Tax, wage and social debts +€26,741
new in 2025: €26,741
- Trade debts -€17,279
down €17,279 (-44.4%), from €38,875 to €21,596
- Gross operating margin -€104,525
down €104,525 (-360%), from -€29,000 to -€133,525
- Financial charges +€19,291
up €19,291 (+40.4%), from €47,791 to €67,082
- Other operating charges +€5,563
up €5,563 (+4,156%), from €134 to €5,697
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 | €1,516,949 | €810,306 | -€706,643 | -46.6% |
| Current assets | 29/58 | €1,516,949 | €810,306 | -€706,643 | -46.6% |
| Stocks and contracts in progress | 3 | €1,120,600 | €787,081 | -€333,519 | -29.8% |
| Stocks | 30/36 | €1,120,600 | €787,081 | -€333,519 | -29.8% |
| Amounts receivable within one year | 40/41 | €396,339 | €12,979 | -€383,360 | -96.7% |
| Other amounts receivable | 41 | €396,339 | €12,979 | -€383,360 | -96.7% |
| Cash at bank and in hand | 54/58 | €11 | €10,246 | +€10,236 | +96,110% |
| Total equity and liabilities | 10/49 | €1,516,949 | €810,306 | -€706,643 | -46.6% |
| Equity | 10/15 | -€71,926 | -€278,229 | -€206,304 | -287% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,926 | -€283,229 | -€206,304 | -268% |
| Amounts payable | 17/49 | €1,588,875 | €1,088,535 | -€500,340 | -31.5% |
| Amounts payable after more than one year | 17 | €1,200,000 | €600,080 | -€599,920 | -50.0% |
| Financial debts | 170/4 | €1,200,000 | €600,080 | -€599,920 | -50.0% |
| Amounts payable within one year | 42/48 | €388,875 | €488,455 | +€99,580 | +25.6% |
| Trade debts | 44 | €38,875 | €21,596 | -€17,279 | -44.4% |
| Suppliers | 440/4 | €38,875 | €21,596 | -€17,279 | -44.4% |
| Taxes, remuneration and social security | 45 | - | €26,741 | +€26,741 | |
| Taxes | 450/3 | - | €26,741 | +€26,741 | |
| Other amounts payable | 47/48 | €350,000 | €440,119 | +€90,119 | +25.7% |
| Other operating charges | 640/8 | €134 | €5,697 | +€5,563 | +4,156% |
| Gross operating margin | 9900 | -€29,000 | -€133,525 | -€104,525 | -360% |
| Operating profit (loss) | 9901 | -€29,134 | -€139,222 | -€110,087 | -378% |
| Financial charges | 65/66B | €47,791 | €67,082 | +€19,291 | +40.4% |
| Recurring financial charges | 65 | €47,791 | €67,082 | +€19,291 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€76,926 | -€206,304 | -€129,378 | -168% |
| Profit (loss) for the period | 9904 | -€76,926 | -€206,304 | -€129,378 | -168% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,926 | -€206,304 | -€129,378 | -168% |
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 22 October 2026 via checked.be.