BERTRIX RETAIL PARK: 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.
BERTRIX RETAIL PARK
Largest movements
- Tangible fixed assets -€524,107
down €524,107 (-5.4%), from €9.7m to €9.2m
of which Land and buildings: -€520,723
- Cash +€208,412
up €208,412 (+147%), from €141,819 to €350,231
mainly Depreciation (+€565,358) and Net result for the year (+€254,842)
- Short-term financial debts -€660,000
down €660,000 (-7.6%), from €8.7m to €8.1m
- Profit (loss) carried forward +€254,842
up €254,842 (+81.1%), from -€314,111 to -€59,269
- Gross operating margin +€215,268
up €215,268 (+18.3%), from €1.2m to €1.4m
- Depreciation -€28,480
down €28,480 (-4.8%), from €593,839 to €565,358
- Financial income +€22,712
up €22,712 (+1,954%), from €1,162 to €23,874
- Financial charges +€20,333
up €20,333 (+4.8%), from €427,149 to €447,482
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 | €10,036,740 | €9,650,100 | -€386,640 | -3.9% |
| Fixed assets | 21/28 | €9,678,960 | €9,154,853 | -€524,107 | -5.4% |
| Tangible fixed assets | 22/27 | €9,678,960 | €9,154,853 | -€524,107 | -5.4% |
| Land and buildings | 22 | €9,675,576 | €9,154,853 | -€520,723 | -5.4% |
| Furniture and vehicles | 24 | €3,384 | €0 | -€3,384 | -100% |
| Current assets | 29/58 | €357,780 | €495,247 | +€137,467 | +38.4% |
| Amounts receivable within one year | 40/41 | €215,961 | €129,536 | -€86,425 | -40.0% |
| Trade receivables | 40 | €215,961 | €129,221 | -€86,740 | -40.2% |
| Other amounts receivable | 41 | - | €315 | +€315 | |
| Cash at bank and in hand | 54/58 | €141,819 | €350,231 | +€208,412 | +147% |
| Deferred charges and accrued income | 490/1 | - | €15,480 | +€15,480 | |
| Total equity and liabilities | 10/49 | €10,036,740 | €9,650,100 | -€386,640 | -3.9% |
| Equity | 10/15 | -€174,911 | €79,931 | +€254,842 | |
| Contributions | 10/11 | €139,200 | €139,200 | = | 0.0% |
| Capital | 10 | €139,200 | - | -€139,200 | |
| Issued capital | 100 | €151,600 | - | -€151,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Profit (loss) carried forward | 14 | -€314,111 | -€59,269 | +€254,842 | +81.1% |
| Amounts payable | 17/49 | €10,211,651 | €9,570,169 | -€641,482 | -6.3% |
| Amounts payable within one year | 42/48 | €10,211,651 | €9,516,904 | -€694,747 | -6.8% |
| Financial debts | 43 | €8,710,000 | €8,050,000 | -€660,000 | -7.6% |
| Credit institutions | 430/8 | €8,710,000 | €8,050,000 | -€660,000 | -7.6% |
| Trade debts | 44 | €118,889 | €59,664 | -€59,226 | -49.8% |
| Suppliers | 440/4 | €118,889 | €59,664 | -€59,226 | -49.8% |
| Taxes, remuneration and social security | 45 | €61,621 | €86,101 | +€24,479 | +39.7% |
| Taxes | 450/3 | €61,621 | €86,101 | +€24,479 | +39.7% |
| Other amounts payable | 47/48 | €1,321,140 | €1,321,140 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €53,265 | +€53,265 | |
| Non-recurring operating income | 76A | €5,666 | €0 | -€5,666 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593,839 | €565,358 | -€28,480 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,909 | +€12,909 | |
| Other operating charges | 640/8 | €122,183 | €132,797 | +€10,614 | +8.7% |
| Gross operating margin | 9900 | €1,174,246 | €1,389,515 | +€215,268 | +18.3% |
| Operating profit (loss) | 9901 | €458,225 | €678,450 | +€220,226 | +48.1% |
| Financial income | 75/76B | €1,162 | €23,874 | +€22,712 | +1,954% |
| Recurring financial income | 75 | €1,162 | €23,874 | +€22,712 | +1,954% |
| Financial charges | 65/66B | €427,149 | €447,482 | +€20,333 | +4.8% |
| Recurring financial charges | 65 | €427,149 | €447,482 | +€20,333 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €32,238 | €254,842 | +€222,604 | +691% |
| Profit (loss) for the period | 9904 | €32,238 | €254,842 | +€222,604 | +691% |
| Profit (loss) for the period to be appropriated | 9905 | €32,238 | €254,842 | +€222,604 | +691% |
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 15 October 2026 via checked.be.