GLENN BERTELS BV: 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.
GLENN BERTELS BV
Largest movements
- Tangible fixed assets -€9,415
down €9,415 (-46.1%), from €20,406 to €10,991
of which Furniture and vehicles: -€12,333
- Cash +€1,552
up €1,552 (+7.4%), from €21,032 to €22,584
mainly Depreciation (+€15,065) and Net result for the year (+€14,377)
- Deferred charges and accrued income +€983
up €983 (+218%), from €450 to €1,433
- Receivables within one year +€898
up €898 (+19.4%), from €4,635 to €5,533
of which Other amounts receivable: +€2,931
- Other debts -€18,077
down €18,077 (-53.5%), from €33,807 to €15,730
- Profit (loss) carried forward +€14,377
up €14,377 (+742%), from €1,937 to €16,314
- Tax, wage and social debts -€2,546
down €2,546 (-29.6%), from €8,609 to €6,063
of which Taxes: -€2,546
- Gross operating margin +€22,693
up €22,693 (+202%), from €11,224 to €33,917
- Taxes +€1,941
up €1,941 (+1,516%), from €128 to €2,069
- Depreciation -€868
down €868 (-5.4%), from €15,933 to €15,065
- Other operating charges +€746
up €746 (+132%), from €566 to €1,312
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 | €46,523 | €40,541 | -€5,982 | -12.9% |
| Fixed assets | 21/28 | €20,406 | €10,991 | -€9,415 | -46.1% |
| Tangible fixed assets | 22/27 | €20,406 | €10,991 | -€9,415 | -46.1% |
| Plant, machinery and equipment | 23 | €7,330 | €10,248 | +€2,918 | +39.8% |
| Furniture and vehicles | 24 | €13,077 | €743 | -€12,333 | -94.3% |
| Current assets | 29/58 | €26,117 | €29,550 | +€3,433 | +13.1% |
| Amounts receivable within one year | 40/41 | €4,635 | €5,533 | +€898 | +19.4% |
| Trade receivables | 40 | €4,635 | €2,602 | -€2,033 | -43.9% |
| Other amounts receivable | 41 | - | €2,931 | +€2,931 | |
| Cash at bank and in hand | 54/58 | €21,032 | €22,584 | +€1,552 | +7.4% |
| Deferred charges and accrued income | 490/1 | €450 | €1,433 | +€983 | +218% |
| Total equity and liabilities | 10/49 | €46,523 | €40,541 | -€5,982 | -12.9% |
| Equity | 10/15 | €2,937 | €17,314 | +€14,377 | +489% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,937 | €16,314 | +€14,377 | +742% |
| Amounts payable | 17/49 | €43,586 | €23,227 | -€20,359 | -46.7% |
| Amounts payable within one year | 42/48 | €43,586 | €23,227 | -€20,359 | -46.7% |
| Trade debts | 44 | €1,171 | €1,434 | +€264 | +22.5% |
| Suppliers | 440/4 | €1,171 | €1,434 | +€264 | +22.5% |
| Taxes, remuneration and social security | 45 | €8,609 | €6,063 | -€2,546 | -29.6% |
| Taxes | 450/3 | €7,234 | €4,688 | -€2,546 | -35.2% |
| Remuneration and social security | 454/9 | €1,375 | €1,375 | = | 0.0% |
| Other amounts payable | 47/48 | €33,807 | €15,730 | -€18,077 | -53.5% |
| Remuneration, social security and pensions | 62 | €760 | €984 | +€224 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,933 | €15,065 | -€868 | -5.4% |
| Other operating charges | 640/8 | €566 | €1,312 | +€746 | +132% |
| Gross operating margin | 9900 | €11,224 | €33,917 | +€22,693 | +202% |
| Operating profit (loss) | 9901 | -€6,034 | €16,556 | +€22,590 | |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €185 | €111 | -€75 | -40.2% |
| Recurring financial charges | 65 | €185 | €111 | -€75 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,190 | €16,445 | +€22,636 | |
| Income taxes | 67/77 | €128 | €2,069 | +€1,941 | +1,516% |
| Profit (loss) for the period | 9904 | -€6,318 | €14,377 | +€20,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,318 | €14,377 | +€20,695 |
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 14 October 2026 via checked.be.