BERTUS GROOTHANDEL EN DISTRIBUTIE: 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 GROOTHANDEL EN DISTRIBUTIE
Largest movements
- Cash -€283,976
down €283,976 (-87.9%), from €323,142 to €39,166
mainly Contributions, distributions and other (-€150,000) and Trade debts (-€119,658)
- Receivables within one year +€74,932
up €74,932 (+8.4%), from €891,731 to €966,663
of which Other amounts receivable: +€172,597
- Trade debts -€119,658
down €119,658 (-16.3%), from €733,199 to €613,541
- Accrued charges and deferred income -€72,601
down €72,601 (-85.9%), from €84,515 to €11,913
- Reserves -€39,361
down €39,361 (-68.3%), from €57,630 to €18,269
- Tax, wage and social debts +€20,428
up €20,428 (+10.6%), from €192,355 to €212,784
of which Remuneration and social security: +€10,938
- Gross operating margin +€54,707
up €54,707 (+8.6%), from €637,657 to €692,363
- Staff costs +€44,075
up €44,075 (+9.2%), from €478,629 to €522,705
- Write-downs -€37,566
down €37,566, from €29,581 to -€7,985
- Financial charges +€27,765
up €27,765 (+546%), from €5,083 to €32,848
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 | €1,223,900 | €1,012,708 | -€211,192 | -17.3% |
| Fixed assets | 21/28 | €1,079 | €259 | -€820 | -76.0% |
| Tangible fixed assets | 22/27 | €1,079 | €259 | -€820 | -76.0% |
| Plant, machinery and equipment | 23 | €1,079 | €259 | -€820 | -76.0% |
| Current assets | 29/58 | €1,222,820 | €1,012,449 | -€210,372 | -17.2% |
| Amounts receivable within one year | 40/41 | €891,731 | €966,663 | +€74,932 | +8.4% |
| Trade receivables | 40 | €541,827 | €444,162 | -€97,665 | -18.0% |
| Other amounts receivable | 41 | €349,904 | €522,500 | +€172,597 | +49.3% |
| Cash at bank and in hand | 54/58 | €323,142 | €39,166 | -€283,976 | -87.9% |
| Deferred charges and accrued income | 490/1 | €7,947 | €6,620 | -€1,327 | -16.7% |
| Total equity and liabilities | 10/49 | €1,223,900 | €1,012,708 | -€211,192 | -17.3% |
| Equity | 10/15 | €63,830 | €24,469 | -€39,361 | -61.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,630 | €18,269 | -€39,361 | -68.3% |
| Distributable reserves | 133 | €57,630 | €18,269 | -€39,361 | -68.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,160,070 | €988,239 | -€171,831 | -14.8% |
| Amounts payable within one year | 42/48 | €1,075,555 | €976,325 | -€99,230 | -9.2% |
| Trade debts | 44 | €733,199 | €613,541 | -€119,658 | -16.3% |
| Suppliers | 440/4 | €733,199 | €613,541 | -€119,658 | -16.3% |
| Taxes, remuneration and social security | 45 | €192,355 | €212,784 | +€20,428 | +10.6% |
| Taxes | 450/3 | €125,487 | €134,977 | +€9,490 | +7.6% |
| Remuneration and social security | 454/9 | €66,868 | €77,806 | +€10,938 | +16.4% |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €84,515 | €11,913 | -€72,601 | -85.9% |
| Remuneration, social security and pensions | 62 | €478,629 | €522,705 | +€44,075 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,661 | €820 | -€841 | -50.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,581 | -€7,985 | -€37,566 | |
| Other operating charges | 640/8 | €1,050 | €1,877 | +€826 | +78.7% |
| Gross operating margin | 9900 | €637,657 | €692,363 | +€54,707 | +8.6% |
| Operating profit (loss) | 9901 | €126,735 | €174,947 | +€48,212 | +38.0% |
| Financial income | 75/76B | €6,617 | €11,822 | +€5,205 | +78.7% |
| Recurring financial income | 75 | €6,617 | €11,822 | +€5,205 | +78.7% |
| Financial charges | 65/66B | €5,083 | €32,848 | +€27,765 | +546% |
| Recurring financial charges | 65 | €5,083 | €32,848 | +€27,765 | +546% |
| Profit (loss) for the period before taxes | 9903 | €128,269 | €153,921 | +€25,652 | +20.0% |
| Income taxes | 67/77 | €37,049 | €43,282 | +€6,232 | +16.8% |
| Profit (loss) for the period | 9904 | €91,219 | €110,639 | +€19,420 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,219 | €110,639 | +€19,420 | +21.3% |
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 1 November 2026 via checked.be.