Dominique Bertouille: 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.
Dominique Bertouille
Largest movements
- Cash +€81,866
up €81,866 (+42.1%), from €194,384 to €276,251
mainly Net result for the year (+€146,179) and Other debts (+€108,141)
- Receivables within one year -€26,816
down €26,816 (-18.9%), from €142,205 to €115,389
of which Trade receivables: -€79,444
- Tangible fixed assets -€13,576
down €13,576 (-20.9%), from €65,002 to €51,426
- Other debts +€108,141
up €108,141 (+106%), from €101,859 to €210,000
- Profit (loss) carried forward -€63,821
down €63,821 (-34.2%), from €186,578 to €122,757
- Tax, wage and social debts -€4,977
down €4,977 (-4.5%), from €110,797 to €105,820
- Gross operating margin -€45,338
down €45,338 (-17.7%), from €255,482 to €210,144
- Taxes -€17,803
down €17,803 (-27.7%), from €64,306 to €46,503
- Depreciation +€9,825
up €9,825 (+262%), from €3,751 to €13,576
- Other operating charges +€2,715
up €2,715 (+474%), from €573 to €3,288
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 | €401,591 | €443,066 | +€41,474 | +10.3% |
| Fixed assets | 21/28 | €65,002 | €51,426 | -€13,576 | -20.9% |
| Tangible fixed assets | 22/27 | €65,002 | €51,426 | -€13,576 | -20.9% |
| Furniture and vehicles | 24 | €65,002 | €51,426 | -€13,576 | -20.9% |
| Current assets | 29/58 | €336,589 | €391,640 | +€55,051 | +16.4% |
| Amounts receivable within one year | 40/41 | €142,205 | €115,389 | -€26,816 | -18.9% |
| Trade receivables | 40 | €128,285 | €48,840 | -€79,444 | -61.9% |
| Other amounts receivable | 41 | €13,920 | €66,549 | +€52,629 | +378% |
| Cash at bank and in hand | 54/58 | €194,384 | €276,251 | +€81,866 | +42.1% |
| Total equity and liabilities | 10/49 | €401,591 | €443,066 | +€41,474 | +10.3% |
| Equity | 10/15 | €188,578 | €124,757 | -€63,821 | -33.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,578 | €122,757 | -€63,821 | -34.2% |
| Amounts payable | 17/49 | €213,014 | €318,309 | +€105,295 | +49.4% |
| Amounts payable within one year | 42/48 | €213,014 | €318,309 | +€105,295 | +49.4% |
| Financial debts | 43 | - | €1,994 | +€1,994 | |
| Credit institutions | 430/8 | - | €1,994 | +€1,994 | |
| Trade debts | 44 | €358 | €495 | +€137 | +38.2% |
| Suppliers | 440/4 | €358 | €495 | +€137 | +38.2% |
| Taxes, remuneration and social security | 45 | €110,797 | €105,820 | -€4,977 | -4.5% |
| Taxes | 450/3 | €110,797 | €105,820 | -€4,977 | -4.5% |
| Other amounts payable | 47/48 | €101,859 | €210,000 | +€108,141 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,751 | €13,576 | +€9,825 | +262% |
| Other operating charges | 640/8 | €573 | €3,288 | +€2,715 | +474% |
| Gross operating margin | 9900 | €255,482 | €210,144 | -€45,338 | -17.7% |
| Operating profit (loss) | 9901 | €251,158 | €193,280 | -€57,878 | -23.0% |
| Financial income | 75/76B | €122 | €319 | +€197 | +161% |
| Recurring financial income | 75 | €122 | €319 | +€197 | +161% |
| Financial charges | 65/66B | €874 | €917 | +€43 | +4.9% |
| Recurring financial charges | 65 | €874 | €917 | +€43 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €250,407 | €192,682 | -€57,724 | -23.1% |
| Income taxes | 67/77 | €64,306 | €46,503 | -€17,803 | -27.7% |
| Profit (loss) for the period | 9904 | €186,101 | €146,179 | -€39,922 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €186,101 | €146,179 | -€39,922 | -21.5% |
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 22 October 2026 via checked.be.