IMMO BERTAUX: 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.
IMMO BERTAUX
Largest movements
- Cash +€51,509
up €51,509 (+62.7%), from €82,130 to €133,639
mainly Depreciation (+€28,839) and Other debts (+€21,000)
- Tangible fixed assets -€16,490
down €16,490 (-1.8%), from €903,864 to €887,374
- Other debts +€21,000
up €21,000 (+5.7%), from €365,694 to €386,694
- Profit (loss) carried forward +€12,271
up €12,271 (+40.4%), from -€30,383 to -€18,112
- Gross operating margin +€6,564
up €6,564 (+17.5%), from €37,465 to €44,029
- Depreciation +€574
up €574 (+2.0%), from €28,266 to €28,839
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 | €987,311 | €1,022,666 | +€35,355 | +3.6% |
| Fixed assets | 21/28 | €903,864 | €887,374 | -€16,490 | -1.8% |
| Tangible fixed assets | 22/27 | €903,864 | €887,374 | -€16,490 | -1.8% |
| Land and buildings | 22 | €903,864 | €887,374 | -€16,490 | -1.8% |
| Current assets | 29/58 | €83,447 | €135,292 | +€51,845 | +62.1% |
| Amounts receivable within one year | 40/41 | €363 | - | -€363 | |
| Trade receivables | 40 | €121 | - | -€121 | |
| Other amounts receivable | 41 | €242 | - | -€242 | |
| Cash at bank and in hand | 54/58 | €82,130 | €133,639 | +€51,509 | +62.7% |
| Deferred charges and accrued income | 490/1 | €954 | €1,653 | +€700 | +73.4% |
| Total equity and liabilities | 10/49 | €987,311 | €1,022,666 | +€35,355 | +3.6% |
| Equity | 10/15 | €621,617 | €633,888 | +€12,271 | +2.0% |
| Contributions | 10/11 | €652,000 | €652,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,383 | -€18,112 | +€12,271 | +40.4% |
| Amounts payable | 17/49 | €365,694 | €388,778 | +€23,084 | +6.3% |
| Amounts payable within one year | 42/48 | €365,694 | €388,778 | +€23,084 | +6.3% |
| Trade debts | 44 | - | €2,084 | +€2,084 | |
| Suppliers | 440/4 | - | €2,084 | +€2,084 | |
| Other amounts payable | 47/48 | €365,694 | €386,694 | +€21,000 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,266 | €28,839 | +€574 | +2.0% |
| Other operating charges | 640/8 | €2,749 | €3,084 | +€335 | +12.2% |
| Gross operating margin | 9900 | €37,465 | €44,029 | +€6,564 | +17.5% |
| Operating profit (loss) | 9901 | €6,450 | €12,106 | +€5,655 | +87.7% |
| Financial income | 75/76B | €140 | €240 | +€100 | +71.4% |
| Recurring financial income | 75 | €140 | €240 | +€100 | +71.4% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €6,517 | €12,271 | +€5,754 | +88.3% |
| Profit (loss) for the period | 9904 | €6,517 | €12,271 | +€5,754 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,517 | €12,271 | +€5,754 | +88.3% |
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 5 October 2026 via checked.be.