BERTUS: 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.
BERTUS
Largest movements
- Tangible fixed assets -€20,015
down €20,015 (-7.0%), from €286,499 to €266,484
of which Furniture and vehicles: -€13,090
- Cash -€18,666
down €18,666 (-10.5%), from €177,951 to €159,285
mainly Net result for the year (-€24,452) and Other debts (-€15,959)
- Profit (loss) carried forward -€20,203
down €20,203 (-6.1%), from -€332,669 to -€352,872
- Other debts -€15,959
down €15,959 (-18.1%), from €88,007 to €72,048
- Gross operating margin +€11,236
up €11,236, from -€4,305 to €6,930
- Depreciation -€7,581
down €7,581 (-27.5%), from €27,596 to €20,015
- Other operating charges -€3,146
down €3,146 (-42.0%), from €7,491 to €4,345
- Financial income -€2,265
down €2,265 (-68.3%), from €3,317 to €1,052
- Taxes +€240
up €240 (+30.4%), from €788 to €1,028
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 | €469,303 | €429,251 | -€40,052 | -8.5% |
| Fixed assets | 21/28 | €286,499 | €266,484 | -€20,015 | -7.0% |
| Tangible fixed assets | 22/27 | €286,499 | €266,484 | -€20,015 | -7.0% |
| Land and buildings | 22 | €252,501 | €245,576 | -€6,925 | -2.7% |
| Furniture and vehicles | 24 | €33,999 | €20,908 | -€13,090 | -38.5% |
| Current assets | 29/58 | €182,803 | €162,767 | -€20,037 | -11.0% |
| Amounts receivable within one year | 40/41 | €4,852 | €3,482 | -€1,371 | -28.2% |
| Trade receivables | 40 | €1,845 | - | -€1,845 | |
| Other amounts receivable | 41 | €3,007 | €3,482 | +€475 | +15.8% |
| Cash at bank and in hand | 54/58 | €177,951 | €159,285 | -€18,666 | -10.5% |
| Total equity and liabilities | 10/49 | €469,303 | €429,251 | -€40,052 | -8.5% |
| Equity | 10/15 | €371,667 | €347,215 | -€24,452 | -6.6% |
| Contributions | 10/11 | €493,308 | €493,308 | = | 0.0% |
| Capital | 10 | €493,308 | €493,308 | = | 0.0% |
| Issued capital | 100 | €493,308 | €493,308 | = | 0.0% |
| Reserves | 13 | €211,028 | €206,779 | -€4,249 | -2.0% |
| Non-distributable reserves | 130/1 | €17,597 | €17,597 | = | 0.0% |
| Legal reserve | 130 | €17,597 | €17,597 | = | 0.0% |
| Tax-exempt reserves | 132 | €178,060 | €173,811 | -€4,249 | -2.4% |
| Distributable reserves | 133 | €15,371 | €15,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€332,669 | -€352,872 | -€20,203 | -6.1% |
| Amounts payable | 17/49 | €97,635 | €82,035 | -€15,600 | -16.0% |
| Amounts payable within one year | 42/48 | €97,635 | €82,035 | -€15,600 | -16.0% |
| Trade debts | 44 | €7,255 | €5,385 | -€1,870 | -25.8% |
| Suppliers | 440/4 | €7,255 | €5,385 | -€1,870 | -25.8% |
| Taxes, remuneration and social security | 45 | €2,373 | €4,602 | +€2,229 | +93.9% |
| Taxes | 450/3 | €2,373 | €4,602 | +€2,229 | +93.9% |
| Other amounts payable | 47/48 | €88,007 | €72,048 | -€15,959 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,596 | €20,015 | -€7,581 | -27.5% |
| Other operating charges | 640/8 | €7,491 | €4,345 | -€3,146 | -42.0% |
| Gross operating margin | 9900 | -€4,305 | €6,930 | +€11,236 | |
| Operating profit (loss) | 9901 | -€39,393 | -€17,430 | +€21,962 | +55.8% |
| Financial income | 75/76B | €3,317 | €1,052 | -€2,265 | -68.3% |
| Recurring financial income | 75 | €3,317 | €1,052 | -€2,265 | -68.3% |
| Financial charges | 65/66B | €7,025 | €7,045 | +€20 | +0.3% |
| Recurring financial charges | 65 | €7,025 | €7,045 | +€20 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,101 | -€23,424 | +€19,677 | +45.7% |
| Income taxes | 67/77 | €788 | €1,028 | +€240 | +30.4% |
| Profit (loss) for the period | 9904 | -€43,889 | -€24,452 | +€19,437 | +44.3% |
| Transfer from tax-exempt reserves | 789 | €4,249 | €4,249 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,641 | -€20,203 | +€19,437 | +49.0% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.