Dr Bertels Evelien: what changed
Two fiscal 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.
Dr Bertels Evelien
Largest movements
- Cash +€41,818
up €41,818 (+59.5%), from €70,318 to €112,136
mainly Net result for the year (+€41,344) and Other debts (+€27,767)
- Tangible fixed assets -€8,339
down €8,339 (-5.9%), from €140,388 to €132,049
of which Land and buildings: -€8,171
- Receivables within one year -€5,726
down €5,726 (-32.6%), from €17,584 to €11,858
- Other debts +€27,767
up €27,767 (+2237.1%), from €1,241 to €29,008
- Debts after one year -€6,935
down €6,935 (-5.6%), from €124,789 to €117,854
- Tax, wage and social debts +€6,202
up €6,202 (+147.7%), from €4,200 to €10,402
- Gross operating margin -€19,202
down €19,202 (-23.4%), from €82,119 to €62,917
- Taxes -€8,657
down €8,657 (-44.7%), from €19,350 to €10,693
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.
Cash bridge derived
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 | €263,289 | €291,042 | +€27,753 | +10.5% |
| Fixed assets | 21/28 | €140,388 | €132,049 | -€8,339 | -5.9% |
| Tangible fixed assets | 22/27 | €140,388 | €132,049 | -€8,339 | -5.9% |
| Land and buildings | 22 | €140,219 | €132,049 | -€8,171 | -5.8% |
| Furniture and vehicles | 24 | €169 | - | -€169 | |
| Current assets | 29/58 | €122,902 | €158,994 | +€36,092 | +29.4% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,584 | €11,858 | -€5,726 | -32.6% |
| Other amounts receivable | 41 | €17,584 | €11,858 | -€5,726 | -32.6% |
| Cash at bank and in hand | 54/58 | €70,318 | €112,136 | +€41,818 | +59.5% |
| Total equity and liabilities | 10/49 | €263,289 | €291,042 | +€27,753 | +10.5% |
| Equity | 10/15 | €125,158 | €125,158 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €122,158 | €122,158 | = | 0.0% |
| Distributable reserves | 133 | €122,158 | €122,158 | = | 0.0% |
| Amounts payable | 17/49 | €138,132 | €165,884 | +€27,753 | +20.1% |
| Amounts payable after more than one year | 17 | €124,789 | €117,854 | -€6,935 | -5.6% |
| Financial debts | 170/4 | €124,789 | €117,854 | -€6,935 | -5.6% |
| Amounts payable within one year | 42/48 | €13,342 | €48,030 | +€34,688 | +260.0% |
| Current portion of amounts payable after more than one year | 42 | €6,845 | €6,935 | +€90 | +1.3% |
| Financial debts | 43 | - | €1,686 | +€1,686 | |
| Credit institutions | 430/8 | - | €1,686 | +€1,686 | |
| Trade debts | 44 | €1,056 | - | -€1,056 | |
| Suppliers | 440/4 | €1,056 | - | -€1,056 | |
| Taxes, remuneration and social security | 45 | €4,200 | €10,402 | +€6,202 | +147.7% |
| Taxes | 450/3 | €4,200 | €10,402 | +€6,202 | +147.7% |
| Other amounts payable | 47/48 | €1,241 | €29,008 | +€27,767 | +2237.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,862 | €8,339 | -€523 | -5.9% |
| Other operating charges | 640/8 | €1,416 | €1,059 | -€357 | -25.2% |
| Gross operating margin | 9900 | €82,119 | €62,917 | -€19,202 | -23.4% |
| Operating profit (loss) | 9901 | €71,841 | €53,519 | -€18,322 | -25.5% |
| Financial income | 75/76B | €959 | €959 | -€1 | -0.1% |
| Recurring financial income | 75 | €959 | €959 | -€1 | -0.1% |
| Financial charges | 65/66B | €3,186 | €2,441 | -€744 | -23.4% |
| Recurring financial charges | 65 | €3,186 | €2,441 | -€744 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €69,614 | €52,036 | -€17,578 | -25.3% |
| Income taxes | 67/77 | €19,350 | €10,693 | -€8,657 | -44.7% |
| Profit (loss) for the period | 9904 | €50,265 | €41,344 | -€8,921 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,265 | €41,344 | -€8,921 | -17.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.