IMMO BERTEN & CUYVERS: 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.
IMMO BERTEN & CUYVERS
Largest movements
- Tangible fixed assets -€11,645
down €11,645 (-4.8%), from €242,333 to €230,688
- Debts after one year -€19,359
down €19,359 (-12.6%), from €153,632 to €134,273
- Reserves +€8,934
up €8,934 (+13.9%), from €64,235 to €73,170
of which Distributable reserves: +€10,934
- Gross operating margin -€9,857
down €9,857 (-21.8%), from €45,223 to €35,367
- Taxes -€2,863
down €2,863 (-40.7%), from €7,032 to €4,169
- Financial charges -€949
down €949 (-11.1%), from €8,585 to €7,636
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 | €265,188 | €256,114 | -€9,075 | -3.4% |
| Fixed assets | 21/28 | €242,333 | €230,688 | -€11,645 | -4.8% |
| Tangible fixed assets | 22/27 | €242,333 | €230,688 | -€11,645 | -4.8% |
| Land and buildings | 22 | €242,333 | €230,688 | -€11,645 | -4.8% |
| Current assets | 29/58 | €22,855 | €25,426 | +€2,570 | +11.2% |
| Amounts receivable within one year | 40/41 | €8,213 | €10,622 | +€2,410 | +29.3% |
| Trade receivables | 40 | €8,213 | €9,792 | +€1,579 | +19.2% |
| Other amounts receivable | 41 | - | €831 | +€831 | |
| Cash at bank and in hand | 54/58 | €14,642 | €14,803 | +€161 | +1.1% |
| Total equity and liabilities | 10/49 | €265,188 | €256,114 | -€9,075 | -3.4% |
| Equity | 10/15 | €84,235 | €93,170 | +€8,934 | +10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,235 | €73,170 | +€8,934 | +13.9% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €62,235 | €73,170 | +€10,934 | +17.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €180,953 | €162,944 | -€18,009 | -10.0% |
| Amounts payable after more than one year | 17 | €153,632 | €134,273 | -€19,359 | -12.6% |
| Financial debts | 170/4 | €153,632 | €134,273 | -€19,359 | -12.6% |
| Amounts payable within one year | 42/48 | €21,352 | €23,897 | +€2,545 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €18,555 | €19,359 | +€804 | +4.3% |
| Trade debts | 44 | €765 | €400 | -€365 | -47.8% |
| Suppliers | 440/4 | €765 | €400 | -€365 | -47.8% |
| Taxes, remuneration and social security | 45 | €2,032 | €2,032 | = | 0.0% |
| Taxes | 450/3 | €2,032 | €2,032 | = | 0.0% |
| Other amounts payable | 47/48 | - | €2,106 | +€2,106 | |
| Accrued charges and deferred income | 492/3 | €5,970 | €4,774 | -€1,195 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,645 | €11,645 | = | 0.0% |
| Other operating charges | 640/8 | €2,893 | €2,982 | +€89 | +3.1% |
| Gross operating margin | 9900 | €45,223 | €35,367 | -€9,857 | -21.8% |
| Operating profit (loss) | 9901 | €30,686 | €20,740 | -€9,946 | -32.4% |
| Financial charges | 65/66B | €8,585 | €7,636 | -€949 | -11.1% |
| Recurring financial charges | 65 | €8,585 | €7,636 | -€949 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €22,101 | €13,104 | -€8,997 | -40.7% |
| Income taxes | 67/77 | €7,032 | €4,169 | -€2,863 | -40.7% |
| Profit (loss) for the period | 9904 | €15,069 | €8,934 | -€6,134 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,069 | €8,934 | -€6,134 | -40.7% |
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 26 October 2026 via checked.be.