BertSchols: 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.
BertSchols
Largest movements
- Cash +€11,121
up €11,121 (+53.1%), from €20,950 to €32,071
mainly Debts after one year (+€20,000) and Net result for the year (+€6,290)
- Receivables within one year +€2,683
up €2,683 (+11.3%), from €23,661 to €26,344
of which Trade receivables: +€2,382
- Debts after one year +€20,000
new in 2025: €20,000
- Trade debts -€6,258
down €6,258 (-53.6%), from €11,681 to €5,423
- Tax, wage and social debts -€4,879
down €4,879 (-66.9%), from €7,296 to €2,417
- Reserves +€4,572
up €4,572 (+21.0%), from €21,747 to €26,319
- Gross operating margin -€12,596
down €12,596 (-56.5%), from €22,289 to €9,693
- Taxes -€2,384
down €2,384 (-49.7%), from €4,800 to €2,417
- Depreciation -€1,258
no longer reported in 2025 (was €1,258)
- Other operating charges +€849
new in 2025: €849
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 | €45,002 | €58,877 | +€13,874 | +30.8% |
| Current assets | 29/58 | €45,002 | €58,877 | +€13,874 | +30.8% |
| Amounts receivable within one year | 40/41 | €23,661 | €26,344 | +€2,683 | +11.3% |
| Trade receivables | 40 | €20,608 | €22,990 | +€2,382 | +11.6% |
| Other amounts receivable | 41 | €3,054 | €3,354 | +€300 | +9.8% |
| Cash at bank and in hand | 54/58 | €20,950 | €32,071 | +€11,121 | +53.1% |
| Deferred charges and accrued income | 490/1 | €391 | €462 | +€71 | +18.0% |
| Total equity and liabilities | 10/49 | €45,002 | €58,877 | +€13,874 | +30.8% |
| Equity | 10/15 | €24,747 | €29,319 | +€4,572 | +18.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,747 | €26,319 | +€4,572 | +21.0% |
| Distributable reserves | 133 | €21,747 | €26,319 | +€4,572 | +21.0% |
| Amounts payable | 17/49 | €20,255 | €29,558 | +€9,303 | +45.9% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €20,255 | €9,558 | -€10,697 | -52.8% |
| Trade debts | 44 | €11,681 | €5,423 | -€6,258 | -53.6% |
| Suppliers | 440/4 | €11,681 | €5,423 | -€6,258 | -53.6% |
| Taxes, remuneration and social security | 45 | €7,296 | €2,417 | -€4,879 | -66.9% |
| Taxes | 450/3 | €7,296 | €2,417 | -€4,879 | -66.9% |
| Other amounts payable | 47/48 | €1,278 | €1,718 | +€440 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | - | -€1,258 | |
| Other operating charges | 640/8 | - | €849 | +€849 | |
| Gross operating margin | 9900 | €22,289 | €9,693 | -€12,596 | -56.5% |
| Operating profit (loss) | 9901 | €21,031 | €8,844 | -€12,187 | -57.9% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €140 | €149 | +€10 | +6.8% |
| Recurring financial charges | 65 | €140 | €149 | +€10 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €20,891 | €8,706 | -€12,184 | -58.3% |
| Income taxes | 67/77 | €4,800 | €2,417 | -€2,384 | -49.7% |
| Profit (loss) for the period | 9904 | €16,091 | €6,290 | -€9,801 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,091 | €6,290 | -€9,801 | -60.9% |
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 4 October 2026 via checked.be.