IMMO BERTOLA: 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 BERTOLA
Largest movements
- Tangible fixed assets -€23,051
down €23,051 (-5.0%), from €456,740 to €433,689
of which Land and buildings: -€23,051
- Debts after one year -€44,413
down €44,413 (-14.3%), from €310,282 to €265,869
of which Financial debts: -€44,213
- Profit (loss) carried forward +€25,281
up €25,281 (+52.4%), from -€48,254 to -€22,973
- Trade debts -€6,241
down €6,241 (-92.6%), from €6,742 to €501
- Gross operating margin +€6,819
up €6,819 (+10.5%), from €65,078 to €71,897
- Other operating charges -€6,269
down €6,269 (-46.7%), from €13,412 to €7,143
- Financial charges +€3,107
up €3,107 (+23.3%), from €13,315 to €16,422
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 | €463,821 | €440,770 | -€23,051 | -5.0% |
| Fixed assets | 21/28 | €456,740 | €433,689 | -€23,051 | -5.0% |
| Tangible fixed assets | 22/27 | €456,740 | €433,689 | -€23,051 | -5.0% |
| Land and buildings | 22 | €456,740 | €433,689 | -€23,051 | -5.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €7,081 | €7,081 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,350 | €5,350 | = | 0.0% |
| Trade receivables | 40 | €150 | €150 | = | 0.0% |
| Other amounts receivable | 41 | €5,200 | €5,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €100 | €100 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,631 | €1,631 | = | 0.0% |
| Total equity and liabilities | 10/49 | €463,821 | €440,770 | -€23,051 | -5.0% |
| Equity | 10/15 | €51,746 | €77,027 | +€25,281 | +48.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,254 | -€22,973 | +€25,281 | +52.4% |
| Amounts payable | 17/49 | €412,075 | €363,743 | -€48,332 | -11.7% |
| Amounts payable after more than one year | 17 | €310,282 | €265,869 | -€44,413 | -14.3% |
| Financial debts | 170/4 | €294,719 | €250,506 | -€44,213 | -15.0% |
| Other amounts payable | 178/9 | €15,563 | €15,363 | -€200 | -1.3% |
| Amounts payable within one year | 42/48 | €101,340 | €97,359 | -€3,982 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €47,915 | €47,500 | -€415 | -0.9% |
| Financial debts | 43 | €2,788 | €7,190 | +€4,403 | +157.9% |
| Credit institutions | 430/8 | €2,788 | €7,190 | +€4,403 | +157.9% |
| Trade debts | 44 | €6,742 | €501 | -€6,241 | -92.6% |
| Suppliers | 440/4 | €6,742 | €501 | -€6,241 | -92.6% |
| Other amounts payable | 47/48 | €43,896 | €42,167 | -€1,729 | -3.9% |
| Accrued charges and deferred income | 492/3 | €453 | €515 | +€62 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,860 | €23,051 | +€192 | +0.8% |
| Other operating charges | 640/8 | €13,412 | €7,143 | -€6,269 | -46.7% |
| Gross operating margin | 9900 | €65,078 | €71,897 | +€6,819 | +10.5% |
| Operating profit (loss) | 9901 | €28,806 | €41,703 | +€12,897 | +44.8% |
| Financial charges | 65/66B | €13,315 | €16,422 | +€3,107 | +23.3% |
| Recurring financial charges | 65 | €13,315 | €16,422 | +€3,107 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €15,491 | €25,281 | +€9,790 | +63.2% |
| Profit (loss) for the period | 9904 | €15,491 | €25,281 | +€9,790 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,491 | €25,281 | +€9,790 | +63.2% |
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.