e-BERT CONCEPT: what changed
e-BERT CONCEPT
Largest movements
- Receivables within one year +€38,047
up €38,047 (+82.3%), from €46,237 to €84,285
of which Trade receivables: +€36,280
- Stocks and contracts +€29,627
up €29,627 (+244%), from €12,130 to €41,757
of which Contracts in progress: +€20,000
- Tangible fixed assets +€19,537
up €19,537 (+15.6%), from €125,543 to €145,079
of which Leasing and similar rights: +€26,925
- Other debts +€25,321
up €25,321 (+85.7%), from €29,540 to €54,861
- Trade debts +€20,528
up €20,528 (+175%), from €11,704 to €32,232
- Tax, wage and social debts +€17,554
up €17,554 (+1,619%), from €1,084 to €18,638
of which Remuneration and social security: +€12,000
- Debts after one year +€11,368
up €11,368 (+18.4%), from €61,878 to €73,246
- Current portion of long-term debt +€8,578
up €8,578 (+211%), from €4,059 to €12,638
- Gross operating margin -€11,272
down €11,272 (-23.5%), from €47,985 to €36,713
- Depreciation +€9,044
up €9,044 (+39.2%), from €23,090 to €32,134
- Taxes -€4,313
down €4,313, from €4,101 to -€212
- Financial income -€942
down €942 (-74.4%), from €1,266 to €324
- Financial charges +€795
up €795 (+24.1%), from €3,302 to €4,097
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 | €198,023 | €281,799 | +€83,776 | +42.3% |
| Fixed assets | 21/28 | €125,587 | €145,124 | +€19,537 | +15.6% |
| Tangible fixed assets | 22/27 | €125,543 | €145,079 | +€19,537 | +15.6% |
| Land and buildings | 22 | €81,501 | €77,062 | -€4,439 | -5.4% |
| Plant, machinery and equipment | 23 | €5,471 | €11,429 | +€5,958 | +109% |
| Furniture and vehicles | 24 | €38,570 | €29,663 | -€8,907 | -23.1% |
| Leasing and similar rights | 25 | - | €26,925 | +€26,925 | |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €72,436 | €136,675 | +€64,239 | +88.7% |
| Stocks and contracts in progress | 3 | €12,130 | €41,757 | +€29,627 | +244% |
| Stocks | 30/36 | €12,130 | €21,757 | +€9,627 | +79.4% |
| Contracts in progress | 37 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €46,237 | €84,285 | +€38,047 | +82.3% |
| Trade receivables | 40 | €43,000 | €79,279 | +€36,280 | +84.4% |
| Other amounts receivable | 41 | €3,238 | €5,005 | +€1,767 | +54.6% |
| Cash at bank and in hand | 54/58 | €12,984 | €10,633 | -€2,351 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,085 | - | -€1,085 | |
| Total equity and liabilities | 10/49 | €198,023 | €281,799 | +€83,776 | +42.3% |
| Equity | 10/15 | €89,759 | €90,185 | +€426 | +0.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,759 | €77,185 | +€426 | +0.6% |
| Amounts payable | 17/49 | €108,265 | €191,614 | +€83,350 | +77.0% |
| Amounts payable after more than one year | 17 | €61,878 | €73,246 | +€11,368 | +18.4% |
| Financial debts | 170/4 | €61,878 | €73,246 | +€11,368 | +18.4% |
| Amounts payable within one year | 42/48 | €46,387 | €118,368 | +€71,981 | +155% |
| Current portion of amounts payable after more than one year | 42 | €4,059 | €12,638 | +€8,578 | +211% |
| Trade debts | 44 | €11,704 | €32,232 | +€20,528 | +175% |
| Suppliers | 440/4 | €11,704 | €32,232 | +€20,528 | +175% |
| Taxes, remuneration and social security | 45 | €1,084 | €18,638 | +€17,554 | +1,619% |
| Taxes | 450/3 | €1,084 | €6,638 | +€5,554 | +512% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €29,540 | €54,861 | +€25,321 | +85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,090 | €32,134 | +€9,044 | +39.2% |
| Other operating charges | 640/8 | €780 | €592 | -€188 | -24.1% |
| Gross operating margin | 9900 | €47,985 | €36,713 | -€11,272 | -23.5% |
| Operating profit (loss) | 9901 | €24,115 | €3,987 | -€20,128 | -83.5% |
| Financial income | 75/76B | €1,266 | €324 | -€942 | -74.4% |
| Recurring financial income | 75 | €1,266 | €324 | -€942 | -74.4% |
| Financial charges | 65/66B | €3,302 | €4,097 | +€795 | +24.1% |
| Recurring financial charges | 65 | €3,302 | €4,097 | +€795 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €22,079 | €214 | -€21,865 | -99.0% |
| Income taxes | 67/77 | €4,101 | -€212 | -€4,313 | |
| Profit (loss) for the period | 9904 | €17,977 | €426 | -€17,551 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,977 | €426 | -€17,551 | -97.6% |
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 2 November 2026 via checked.be.