BUREAU BERTOUIL: 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.
BUREAU BERTOUIL
Largest movements
- Tangible fixed assets -€26,709
down €26,709 (-29.8%), from €89,652 to €62,943
of which Furniture and vehicles: -€17,944
- Deferred charges and accrued income +€15,919
up €15,919 (+1,148%), from €1,387 to €17,305
- Receivables within one year +€8,415
up €8,415 (+10.5%), from €79,831 to €88,247
of which Trade receivables: +€6,719
- Reserves +€25,000
up €25,000 (+36.1%), from €69,316 to €94,316
of which Distributable reserves: +€25,000
- Debts after one year -€12,688
down €12,688 (-29.8%), from €42,553 to €29,864
- Current portion of long-term debt -€12,673
down €12,673 (-60.3%), from €21,017 to €8,344
- Tax, wage and social debts -€8,579
down €8,579 (-35.2%), from €24,341 to €15,762
of which Taxes: -€6,601
- Trade debts +€6,167
up €6,167 (+305%), from €2,025 to €8,193
- Gross operating margin +€32,712
up €32,712 (+163%), from €20,021 to €52,733
- Depreciation -€13,021
down €13,021 (-49.7%), from €26,190 to €13,169
- Taxes +€8,680
up €8,680 (+6,221%), from €140 to €8,819
- Financial charges +€1,488
up €1,488 (+51.1%), from €2,912 to €4,400
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 | €208,768 | €206,710 | -€2,057 | -1.0% |
| Fixed assets | 21/28 | €90,621 | €63,911 | -€26,709 | -29.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €89,652 | €62,943 | -€26,709 | -29.8% |
| Land and buildings | 22 | €68,334 | €58,732 | -€9,601 | -14.1% |
| Plant, machinery and equipment | 23 | €418 | €1,253 | +€835 | +200% |
| Furniture and vehicles | 24 | €20,901 | €2,957 | -€17,944 | -85.9% |
| Financial fixed assets | 28 | €968 | €968 | = | 0.0% |
| Current assets | 29/58 | €118,147 | €142,799 | +€24,652 | +20.9% |
| Amounts receivable within one year | 40/41 | €79,831 | €88,247 | +€8,415 | +10.5% |
| Trade receivables | 40 | €12,101 | €18,820 | +€6,719 | +55.5% |
| Other amounts receivable | 41 | €67,731 | €69,427 | +€1,696 | +2.5% |
| Cash at bank and in hand | 54/58 | €36,929 | €37,247 | +€318 | +0.9% |
| Deferred charges and accrued income | 490/1 | €1,387 | €17,305 | +€15,919 | +1,148% |
| Total equity and liabilities | 10/49 | €208,768 | €206,710 | -€2,057 | -1.0% |
| Equity | 10/15 | €118,819 | €144,535 | +€25,716 | +21.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €69,316 | €94,316 | +€25,000 | +36.1% |
| Tax-exempt reserves | 132 | €316 | €316 | = | 0.0% |
| Distributable reserves | 133 | €69,000 | €94,000 | +€25,000 | +36.2% |
| Profit (loss) carried forward | 14 | -€498 | €218 | +€716 | |
| Amounts payable | 17/49 | €89,949 | €62,176 | -€27,773 | -30.9% |
| Amounts payable after more than one year | 17 | €42,553 | €29,864 | -€12,688 | -29.8% |
| Financial debts | 170/4 | €42,553 | €29,864 | -€12,688 | -29.8% |
| Amounts payable within one year | 42/48 | €47,397 | €32,311 | -€15,085 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €21,017 | €8,344 | -€12,673 | -60.3% |
| Trade debts | 44 | €2,025 | €8,193 | +€6,167 | +305% |
| Suppliers | 440/4 | €2,025 | €8,193 | +€6,167 | +305% |
| Taxes, remuneration and social security | 45 | €24,341 | €15,762 | -€8,579 | -35.2% |
| Taxes | 450/3 | €22,363 | €15,762 | -€6,601 | -29.5% |
| Remuneration and social security | 454/9 | €1,978 | - | -€1,978 | |
| Other amounts payable | 47/48 | €13 | €13 | = | 0.0% |
| Non-recurring operating income | 76A | - | €23,854 | +€23,854 | |
| Remuneration, social security and pensions | 62 | €88 | €36 | -€52 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,190 | €13,169 | -€13,021 | -49.7% |
| Other operating charges | 640/8 | €861 | €666 | -€195 | -22.7% |
| Gross operating margin | 9900 | €20,021 | €52,733 | +€32,712 | +163% |
| Operating profit (loss) | 9901 | -€7,118 | €38,862 | +€45,980 | |
| Financial income | 75/76B | €193 | €73 | -€120 | -62.2% |
| Recurring financial income | 75 | €193 | €73 | -€120 | -62.2% |
| Financial charges | 65/66B | €2,912 | €4,400 | +€1,488 | +51.1% |
| Recurring financial charges | 65 | €2,912 | €4,400 | +€1,488 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,837 | €34,535 | +€44,372 | |
| Income taxes | 67/77 | €140 | €8,819 | +€8,680 | +6,221% |
| Profit (loss) for the period | 9904 | -€9,976 | €25,716 | +€35,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,976 | €25,716 | +€35,692 |
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 19 October 2026 via checked.be.