CABINET BERTIN: 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.
CABINET BERTIN
Largest movements
- Cash +€55,625
up €55,625 (+16.8%), from €331,121 to €386,746
mainly Net result for the year (+€34,770) and Depreciation (+€13,263)
- Tangible fixed assets -€13,263
down €13,263 (-29.3%), from €45,331 to €32,067
of which Furniture and vehicles: -€12,357
- Reserves +€33,900
up €33,900 (+5.0%), from €676,570 to €710,470
- Gross operating margin -€39,309
down €39,309 (-37.2%), from €105,703 to €66,394
- Taxes -€9,867
down €9,867 (-43.2%), from €22,861 to €12,994
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 | €867,745 | €912,874 | +€45,129 | +5.2% |
| Fixed assets | 21/28 | €45,331 | €32,067 | -€13,263 | -29.3% |
| Tangible fixed assets | 22/27 | €45,331 | €32,067 | -€13,263 | -29.3% |
| Plant, machinery and equipment | 23 | €2,693 | €1,786 | -€907 | -33.7% |
| Furniture and vehicles | 24 | €42,638 | €30,281 | -€12,357 | -29.0% |
| Current assets | 29/58 | €822,414 | €880,806 | +€58,392 | +7.1% |
| Stocks and contracts in progress | 3 | €3,690 | €3,690 | = | 0.0% |
| Stocks | 30/36 | €3,690 | €3,690 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,936 | €13,703 | +€2,767 | +25.3% |
| Trade receivables | 40 | €2,097 | €3,703 | +€1,606 | +76.6% |
| Other amounts receivable | 41 | €8,839 | €10,000 | +€1,161 | +13.1% |
| Current investments | 50/53 | €475,037 | €475,037 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €331,121 | €386,746 | +€55,625 | +16.8% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,630 | = | 0.0% |
| Total equity and liabilities | 10/49 | €867,745 | €912,874 | +€45,129 | +5.2% |
| Equity | 10/15 | €736,506 | €770,443 | +€33,937 | +4.6% |
| Contributions | 10/11 | €59,926 | €59,926 | = | 0.0% |
| Reserves | 13 | €676,570 | €710,470 | +€33,900 | +5.0% |
| Distributable reserves | 133 | €676,570 | €710,470 | +€33,900 | +5.0% |
| Profit (loss) carried forward | 14 | €10 | €47 | +€37 | +375% |
| Amounts payable | 17/49 | €131,239 | €142,430 | +€11,192 | +8.5% |
| Amounts payable within one year | 42/48 | €131,239 | €142,430 | +€11,192 | +8.5% |
| Trade debts | 44 | €1,420 | €5,656 | +€4,236 | +298% |
| Suppliers | 440/4 | €1,420 | €5,656 | +€4,236 | +298% |
| Taxes, remuneration and social security | 45 | €5,927 | €10,427 | +€4,500 | +75.9% |
| Taxes | 450/3 | €5,927 | €1,427 | -€4,500 | -75.9% |
| Remuneration and social security | 454/9 | - | €9,000 | +€9,000 | |
| Other amounts payable | 47/48 | €123,892 | €126,348 | +€2,456 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,956 | €13,263 | -€693 | -5.0% |
| Other operating charges | 640/8 | €529 | €557 | +€28 | +5.2% |
| Gross operating margin | 9900 | €105,703 | €66,394 | -€39,309 | -37.2% |
| Operating profit (loss) | 9901 | €91,217 | €52,573 | -€38,644 | -42.4% |
| Financial income | 75/76B | €1 | €0 | -€0 | -60.4% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -60.4% |
| Financial charges | 65/66B | €4,828 | €4,810 | -€19 | -0.4% |
| Recurring financial charges | 65 | €4,828 | €4,810 | -€19 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €86,389 | €47,764 | -€38,625 | -44.7% |
| Income taxes | 67/77 | €22,861 | €12,994 | -€9,867 | -43.2% |
| Profit (loss) for the period | 9904 | €63,528 | €34,770 | -€28,758 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,528 | €34,770 | -€28,758 | -45.3% |
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 17 October 2026 via checked.be.