BERTRAND WORK SERVICES: 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 WORK SERVICES
Largest movements
- Receivables within one year -€17,716
down €17,716 (-87.8%), from €20,175 to €2,459
of which Trade receivables: -€17,677
- Cash +€11,920
up €11,920 (+26.7%), from €44,656 to €56,575
mainly Net result for the year (+€27,063) and Receivables within one year (+€17,716)
- Tangible fixed assets -€4,481
down €4,481 (-10.6%), from €42,394 to €37,913
of which Leasing and similar rights: -€6,338
- Deferred charges and accrued income +€2,739
up €2,739 (+39.5%), from €6,935 to €9,674
- Profit (loss) carried forward -€13,537
down €13,537 (-100%), from €13,537 to €0
- Other debts +€8,548
up €8,548 (+14.3%), from €59,861 to €68,409
- Debts after one year -€6,518
down €6,518 (-41.6%), from €15,677 to €9,159
- Tax, wage and social debts +€5,005
up €5,005 (+44.5%), from €11,256 to €16,261
of which Taxes: +€4,678
- Trade debts -€4,194
down €4,194 (-68.8%), from €6,098 to €1,904
- Gross operating margin +€19,076
up €19,076 (+48.1%), from €39,680 to €58,757
- Taxes +€6,652
up €6,652 (+132%), from €5,041 to €11,694
- Depreciation -€1,143
down €1,143 (-7.5%), from €15,307 to €14,164
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 | €115,152 | €107,271 | -€7,881 | -6.8% |
| Fixed assets | 21/28 | €42,394 | €37,913 | -€4,481 | -10.6% |
| Tangible fixed assets | 22/27 | €42,394 | €37,913 | -€4,481 | -10.6% |
| Plant, machinery and equipment | 23 | €16,018 | €13,989 | -€2,029 | -12.7% |
| Furniture and vehicles | 24 | €4,647 | €7,168 | +€2,521 | +54.3% |
| Leasing and similar rights | 25 | €21,255 | €14,917 | -€6,338 | -29.8% |
| Other tangible fixed assets | 26 | €474 | €1,839 | +€1,365 | +288% |
| Current assets | 29/58 | €72,758 | €69,358 | -€3,400 | -4.7% |
| Stocks and contracts in progress | 3 | €992 | €650 | -€342 | -34.5% |
| Stocks | 30/36 | €992 | €650 | -€342 | -34.5% |
| Amounts receivable within one year | 40/41 | €20,175 | €2,459 | -€17,716 | -87.8% |
| Trade receivables | 40 | €17,677 | €0 | -€17,677 | -100% |
| Other amounts receivable | 41 | €2,497 | €2,459 | -€39 | -1.5% |
| Cash at bank and in hand | 54/58 | €44,656 | €56,575 | +€11,920 | +26.7% |
| Deferred charges and accrued income | 490/1 | €6,935 | €9,674 | +€2,739 | +39.5% |
| Total equity and liabilities | 10/49 | €115,152 | €107,271 | -€7,881 | -6.8% |
| Equity | 10/15 | €16,537 | €3,000 | -€13,537 | -81.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,537 | €0 | -€13,537 | -100% |
| Amounts payable | 17/49 | €98,615 | €104,271 | +€5,656 | +5.7% |
| Amounts payable after more than one year | 17 | €15,677 | €9,159 | -€6,518 | -41.6% |
| Financial debts | 170/4 | €15,677 | €9,159 | -€6,518 | -41.6% |
| Amounts payable within one year | 42/48 | €82,938 | €93,091 | +€10,153 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €5,723 | €6,518 | +€795 | +13.9% |
| Trade debts | 44 | €6,098 | €1,904 | -€4,194 | -68.8% |
| Suppliers | 440/4 | €6,098 | €1,904 | -€4,194 | -68.8% |
| Taxes, remuneration and social security | 45 | €11,256 | €16,261 | +€5,005 | +44.5% |
| Taxes | 450/3 | €6,483 | €11,161 | +€4,678 | +72.1% |
| Remuneration and social security | 454/9 | €4,773 | €5,100 | +€327 | +6.9% |
| Other amounts payable | 47/48 | €59,861 | €68,409 | +€8,548 | +14.3% |
| Accrued charges and deferred income | 492/3 | - | €2,021 | +€2,021 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,307 | €14,164 | -€1,143 | -7.5% |
| Other operating charges | 640/8 | €2,808 | €3,142 | +€334 | +11.9% |
| Gross operating margin | 9900 | €39,680 | €58,757 | +€19,076 | +48.1% |
| Operating profit (loss) | 9901 | €21,565 | €41,450 | +€19,885 | +92.2% |
| Financial income | 75/76B | €233 | €162 | -€71 | -30.5% |
| Recurring financial income | 75 | €233 | €162 | -€71 | -30.5% |
| Financial charges | 65/66B | €3,220 | €2,856 | -€365 | -11.3% |
| Recurring financial charges | 65 | €3,220 | €2,856 | -€365 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €18,578 | €38,756 | +€20,178 | +109% |
| Income taxes | 67/77 | €5,041 | €11,694 | +€6,652 | +132% |
| Profit (loss) for the period | 9904 | €13,537 | €27,063 | +€13,526 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,537 | €27,063 | +€13,526 | +99.9% |
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 18 October 2026 via checked.be.