EBP BERTRAND: 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.
EBP BERTRAND
Largest movements
- Cash +€33,249
up €33,249 (+151.4%), from €21,958 to €55,208
mainly Net result for the year (+€41,423) and Depreciation (+€6,616)
- Tangible fixed assets -€5,776
down €5,776 (-17.0%), from €34,003 to €28,227
of which Furniture and vehicles: -€4,594
- Reserves +€40,590
up €40,590 (+153.2%), from €26,500 to €67,090
- Tax, wage and social debts -€13,500
down €13,500 (-98.3%), from €13,740 to €240
- Other debts -€1,076
down €1,076 (-4.3%), from €24,881 to €23,804
- Gross operating margin +€23,286
up €23,286 (+51.3%), from €45,403 to €68,689
- Taxes +€6,878
up €6,878 (+51.9%), from €13,240 to €20,118
- Depreciation +€2,562
up €2,562 (+63.2%), from €4,054 to €6,616
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 | €65,442 | €91,456 | +€26,014 | +39.8% |
| Fixed assets | 21/28 | €34,843 | €28,227 | -€6,616 | -19.0% |
| Intangible fixed assets | 21 | €840 | €0 | -€840 | -100.0% |
| Tangible fixed assets | 22/27 | €34,003 | €28,227 | -€5,776 | -17.0% |
| Plant, machinery and equipment | 23 | €11,187 | €10,004 | -€1,182 | -10.6% |
| Furniture and vehicles | 24 | €22,817 | €18,223 | -€4,594 | -20.1% |
| Current assets | 29/58 | €30,598 | €63,229 | +€32,630 | +106.6% |
| Amounts receivable within one year | 40/41 | €8,640 | €8,021 | -€619 | -7.2% |
| Trade receivables | 40 | €8,640 | €8,021 | -€619 | -7.2% |
| Cash at bank and in hand | 54/58 | €21,958 | €55,208 | +€33,249 | +151.4% |
| Total equity and liabilities | 10/49 | €65,442 | €91,456 | +€26,014 | +39.8% |
| Equity | 10/15 | €26,821 | €67,412 | +€40,590 | +151.3% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €26,500 | €67,090 | +€40,590 | +153.2% |
| Distributable reserves | 133 | €26,500 | €67,090 | +€40,590 | +153.2% |
| Profit (loss) carried forward | 14 | €121 | €121 | = | 0.0% |
| Amounts payable | 17/49 | €38,620 | €24,044 | -€14,576 | -37.7% |
| Amounts payable within one year | 42/48 | €38,620 | €24,044 | -€14,576 | -37.7% |
| Taxes, remuneration and social security | 45 | €13,740 | €240 | -€13,500 | -98.3% |
| Taxes | 450/3 | €13,740 | €240 | -€13,500 | -98.3% |
| Other amounts payable | 47/48 | €24,881 | €23,804 | -€1,076 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,054 | €6,616 | +€2,562 | +63.2% |
| Other operating charges | 640/8 | €625 | €582 | -€43 | -6.9% |
| Gross operating margin | 9900 | €45,403 | €68,689 | +€23,286 | +51.3% |
| Operating profit (loss) | 9901 | €40,723 | €61,491 | +€20,767 | +51.0% |
| Financial income | 75/76B | - | €103 | +€103 | |
| Recurring financial income | 75 | - | €103 | +€103 | |
| Financial charges | 65/66B | €3 | €52 | +€49 | +1681.6% |
| Recurring financial charges | 65 | €3 | €52 | +€49 | +1681.6% |
| Profit (loss) for the period before taxes | 9903 | €40,720 | €61,541 | +€20,821 | +51.1% |
| Income taxes | 67/77 | €13,240 | €20,118 | +€6,878 | +51.9% |
| Profit (loss) for the period | 9904 | €27,480 | €41,423 | +€13,943 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,480 | €41,423 | +€13,943 | +50.7% |
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 4 October 2026 via checked.be.