BERTRANS: 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.
BERTRANS
Largest movements
- Tangible fixed assets +€170,634
up €170,634 (+18.7%), from €914,145 to €1.1m
of which Furniture and vehicles: +€171,776
- Cash -€47,034
down €47,034 (-71.4%), from €65,888 to €18,854
mainly Investment in fixed assets (net) (-€331,450) and Other debts (-€115,000)
- Debts after one year +€152,797
up €152,797 (+31.4%), from €485,843 to €638,640
- Other debts -€115,000
down €115,000 (-80.4%), from €143,012 to €28,012
- Reserves +€61,628
up €61,628 (+51.5%), from €119,596 to €181,224
of which Distributable reserves: +€61,628
- Trade debts -€57,261
down €57,261 (-69.1%), from €82,844 to €25,583
- Current portion of long-term debt +€46,562
up €46,562 (+47.0%), from €99,143 to €145,705
- Turnover -€679,090
no longer reported in 2025 (was €679,090)
- Purchases and services -€251,813
no longer reported in 2025 (was €251,813)
- Gross operating margin +€133,902
up €133,902 (+31.1%), from €431,010 to €564,912
- Depreciation +€41,875
up €41,875 (+35.2%), from €118,941 to €160,816
- Taxes +€29,289
up €29,289, from -€225 to €29,064
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 | €1,035,804 | €1,149,856 | +€114,052 | +11.0% |
| Fixed assets | 21/28 | €914,645 | €1,085,279 | +€170,634 | +18.7% |
| Tangible fixed assets | 22/27 | €914,145 | €1,084,779 | +€170,634 | +18.7% |
| Plant, machinery and equipment | 23 | €2,909 | €1,768 | -€1,142 | -39.2% |
| Furniture and vehicles | 24 | €911,236 | €1,083,012 | +€171,776 | +18.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €121,159 | €64,577 | -€56,582 | -46.7% |
| Amounts receivable within one year | 40/41 | €52,754 | €43,811 | -€8,943 | -17.0% |
| Trade receivables | 40 | €28,278 | €43,233 | +€14,956 | +52.9% |
| Other amounts receivable | 41 | €24,476 | €577 | -€23,899 | -97.6% |
| Cash at bank and in hand | 54/58 | €65,888 | €18,854 | -€47,034 | -71.4% |
| Deferred charges and accrued income | 490/1 | €2,517 | €1,912 | -€605 | -24.0% |
| Total equity and liabilities | 10/49 | €1,035,804 | €1,149,856 | +€114,052 | +11.0% |
| Equity | 10/15 | €181,596 | €243,224 | +€61,628 | +33.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €119,596 | €181,224 | +€61,628 | +51.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €113,396 | €175,024 | +€61,628 | +54.3% |
| Amounts payable | 17/49 | €854,209 | €906,632 | +€52,424 | +6.1% |
| Amounts payable after more than one year | 17 | €485,843 | €638,640 | +€152,797 | +31.4% |
| Financial debts | 170/4 | €485,843 | €638,640 | +€152,797 | +31.4% |
| Amounts payable within one year | 42/48 | €368,366 | €267,993 | -€100,373 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €99,143 | €145,705 | +€46,562 | +47.0% |
| Financial debts | 43 | €8,192 | €8,151 | -€40 | -0.5% |
| Credit institutions | 430/8 | €8,192 | €8,151 | -€40 | -0.5% |
| Trade debts | 44 | €82,844 | €25,583 | -€57,261 | -69.1% |
| Suppliers | 440/4 | €82,844 | €25,583 | -€57,261 | -69.1% |
| Taxes, remuneration and social security | 45 | €35,175 | €60,541 | +€25,366 | +72.1% |
| Taxes | 450/3 | €13,663 | €38,683 | +€25,020 | +183.1% |
| Remuneration and social security | 454/9 | €21,512 | €21,858 | +€346 | +1.6% |
| Other amounts payable | 47/48 | €143,012 | €28,012 | -€115,000 | -80.4% |
| Turnover | 70 | €679,090 | - | -€679,090 | |
| Goods, raw materials, services and sundry goods | 60/61 | €251,813 | - | -€251,813 | |
| Remuneration, social security and pensions | 62 | €262,868 | €260,383 | -€2,486 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,941 | €160,816 | +€41,875 | +35.2% |
| Other operating charges | 640/8 | €26,705 | €22,775 | -€3,929 | -14.7% |
| Non-recurring operating charges | 66A | - | €650 | +€650 | |
| Gross operating margin | 9900 | €431,010 | €564,912 | +€133,902 | +31.1% |
| Operating profit (loss) | 9901 | €22,497 | €120,288 | +€97,792 | +434.7% |
| Financial income | 75/76B | - | €24,793 | +€24,793 | |
| Recurring financial income | 75 | - | €24,793 | +€24,793 | |
| Non-recurring financial income | 76B | - | €24,793 | +€24,793 | |
| Financial charges | 65/66B | €22,006 | €29,389 | +€7,383 | +33.5% |
| Recurring financial charges | 65 | €22,006 | €29,389 | +€7,383 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €490 | €115,693 | +€115,202 | +23495.3% |
| Income taxes | 67/77 | -€225 | €29,064 | +€29,289 | |
| Profit (loss) for the period | 9904 | €715 | €86,628 | +€85,913 | +12018.7% |
| Profit (loss) for the period to be appropriated | 9905 | €715 | €86,628 | +€85,913 | +12018.7% |
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 7 October 2026 via checked.be.