Compagnie BERTRAND: what changed
Compagnie BERTRAND
Largest movements
- Cash -€18,366
down €18,366 (-17.3%), from €106,347 to €87,982
mainly Receivables within one year (-€16,507) and Trade debts (-€2,974)
- Receivables within one year +€16,507
new in 2025: €16,507
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€7,735
down €7,735 (-86.8%), from €8,914 to €1,179
- Gross operating margin +€4,218
up €4,218 (+38.5%), from €10,964 to €15,182
- Other operating charges +€1,066
up €1,066 (+15.7%), from €6,800 to €7,866
- Financial income -€918
down €918 (-41.6%), from €2,209 to €1,291
- Taxes +€547
up €547 (+16.2%), from €3,371 to €3,918
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,216 | €911,082 | -€2,134 | -0.2% |
| Fixed assets | 21/28 | €137,294 | €136,115 | -€1,179 | -0.9% |
| Tangible fixed assets | 22/27 | €137,294 | €136,115 | -€1,179 | -0.9% |
| Land and buildings | 22 | €137,294 | €136,115 | -€1,179 | -0.9% |
| Current assets | 29/58 | €775,923 | €774,967 | -€956 | -0.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €16,507 | +€16,507 | |
| Other amounts receivable | 41 | - | €16,507 | +€16,507 | |
| Current investments | 50/53 | €469,576 | €470,479 | +€904 | +0.2% |
| Cash at bank and in hand | 54/58 | €106,347 | €87,982 | -€18,366 | -17.3% |
| Total equity and liabilities | 10/49 | €913,216 | €911,082 | -€2,134 | -0.2% |
| Equity | 10/15 | €907,884 | €911,082 | +€3,198 | +0.4% |
| Contributions | 10/11 | €1,341,349 | €1,341,349 | = | 0.0% |
| Capital | 10 | €1,341,349 | €1,341,349 | = | 0.0% |
| Issued capital | 100 | €1,341,349 | €1,341,349 | = | 0.0% |
| Reserves | 13 | €1,333 | €1,333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,333 | €1,333 | = | 0.0% |
| Other | 1319 | €1,333 | €1,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€434,799 | -€431,601 | +€3,198 | +0.7% |
| Amounts payable | 17/49 | €5,333 | - | -€5,333 | |
| Amounts payable within one year | 42/48 | €5,333 | - | -€5,333 | |
| Trade debts | 44 | €2,974 | - | -€2,974 | |
| Suppliers | 440/4 | €2,974 | - | -€2,974 | |
| Taxes, remuneration and social security | 45 | €2,359 | - | -€2,359 | |
| Taxes | 450/3 | €2,359 | - | -€2,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,914 | €1,179 | -€7,735 | -86.8% |
| Other operating charges | 640/8 | €6,800 | €7,866 | +€1,066 | +15.7% |
| Gross operating margin | 9900 | €10,964 | €15,182 | +€4,218 | +38.5% |
| Operating profit (loss) | 9901 | -€4,750 | €6,137 | +€10,887 | |
| Financial income | 75/76B | €2,209 | €1,291 | -€918 | -41.6% |
| Recurring financial income | 75 | €2,209 | €1,291 | -€918 | -41.6% |
| Financial charges | 65/66B | €274 | €311 | +€38 | +13.8% |
| Recurring financial charges | 65 | €274 | €311 | +€38 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,814 | €7,117 | +€9,931 | |
| Income taxes | 67/77 | €3,371 | €3,918 | +€547 | +16.2% |
| Profit (loss) for the period | 9904 | -€6,185 | €3,198 | +€9,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,185 | €3,198 | +€9,383 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.