ETS. BERTRAND - DEGROOTE: 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.
ETS. BERTRAND - DEGROOTE
Largest movements
- Tangible fixed assets -€4,005
down €4,005 (-6.9%), from €58,391 to €54,386
of which Furniture and vehicles: -€2,100
- Cash -€3,381
down €3,381 (-6.5%), from €52,146 to €48,765
mainly Net result for the year (-€5,247) and Trade debts (-€2,141)
- Profit (loss) carried forward -€5,247
down €5,247 (-3.5%), from -€149,023 to -€154,270
- Gross operating margin -€9,164
down €9,164 (-51.3%), from €17,860 to €8,696
- Depreciation -€742
down €742 (-15.6%), from €4,747 to €4,005
- Other operating charges +€636
up €636 (+6.8%), from €9,368 to €10,004
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 | €293,517 | €286,129 | -€7,388 | -2.5% |
| Fixed assets | 21/28 | €58,761 | €54,756 | -€4,005 | -6.8% |
| Tangible fixed assets | 22/27 | €58,391 | €54,386 | -€4,005 | -6.9% |
| Land and buildings | 22 | €54,191 | €52,286 | -€1,905 | -3.5% |
| Furniture and vehicles | 24 | €4,200 | €2,100 | -€2,100 | -50.0% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €234,756 | €231,373 | -€3,383 | -1.4% |
| Amounts receivable within one year | 40/41 | €181,054 | €181,148 | +€94 | +0.1% |
| Other amounts receivable | 41 | €181,054 | €181,148 | +€94 | +0.1% |
| Cash at bank and in hand | 54/58 | €52,146 | €48,765 | -€3,381 | -6.5% |
| Deferred charges and accrued income | 490/1 | €1,556 | €1,461 | -€96 | -6.1% |
| Total equity and liabilities | 10/49 | €293,517 | €286,129 | -€7,388 | -2.5% |
| Equity | 10/15 | €291,033 | €285,786 | -€5,247 | -1.8% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €415,256 | €415,256 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €412,777 | €412,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,023 | -€154,270 | -€5,247 | -3.5% |
| Amounts payable | 17/49 | €2,483 | €342 | -€2,141 | -86.2% |
| Amounts payable within one year | 42/48 | €2,483 | €342 | -€2,141 | -86.2% |
| Trade debts | 44 | €2,141 | - | -€2,141 | |
| Suppliers | 440/4 | €2,141 | - | -€2,141 | |
| Taxes, remuneration and social security | 45 | €163 | €163 | = | 0.0% |
| Taxes | 450/3 | €163 | €163 | = | 0.0% |
| Other amounts payable | 47/48 | €180 | €180 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,747 | €4,005 | -€742 | -15.6% |
| Other operating charges | 640/8 | €9,368 | €10,004 | +€636 | +6.8% |
| Gross operating margin | 9900 | €17,860 | €8,696 | -€9,164 | -51.3% |
| Operating profit (loss) | 9901 | €3,745 | -€5,313 | -€9,058 | |
| Financial income | 75/76B | €311 | €276 | -€34 | -11.1% |
| Recurring financial income | 75 | €311 | €276 | -€34 | -11.1% |
| Financial charges | 65/66B | €53 | €51 | -€2 | -3.9% |
| Recurring financial charges | 65 | €53 | €51 | -€2 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €4,003 | -€5,088 | -€9,091 | |
| Income taxes | 67/77 | €163 | €159 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | €3,840 | -€5,247 | -€9,087 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,840 | -€5,247 | -€9,087 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.