JP ELEC BERTIN: what changed
JP ELEC BERTIN
Largest movements
- Cash -€16,928
down €16,928 (-66.6%), from €25,420 to €8,492
mainly Advances received (-€33,345) and Other debts (-€6,684)
- Stocks and contracts -€7,750
no longer reported in 2025 (was €7,750)
- Receivables within one year +€2,211
up €2,211 (+44.9%), from €4,930 to €7,141
of which Trade receivables: +€3,422
- Deferred charges and accrued income -€1,056
down €1,056 (-35.7%), from €2,954 to €1,898
- Advances received -€33,345
no longer reported in 2025 (was €33,345)
- Profit (loss) carried forward +€18,631
up €18,631 (+18.3%), from -€101,844 to -€83,213
- Other debts -€6,684
down €6,684 (-11.3%), from €59,025 to €52,341
- Trade debts -€2,125
down €2,125 (-82.5%), from €2,576 to €451
- Gross operating margin +€21,174
up €21,174, from -€1,501 to €19,673
- Depreciation -€694
down €694 (-100%), from €694 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,053 | €17,530 | -€23,523 | -57.3% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €41,053 | €17,530 | -€23,523 | -57.3% |
| Stocks and contracts in progress | 3 | €7,750 | - | -€7,750 | |
| Contracts in progress | 37 | €7,750 | - | -€7,750 | |
| Amounts receivable within one year | 40/41 | €4,930 | €7,141 | +€2,211 | +44.9% |
| Trade receivables | 40 | €2,824 | €6,246 | +€3,422 | +121% |
| Other amounts receivable | 41 | €2,106 | €895 | -€1,211 | -57.5% |
| Cash at bank and in hand | 54/58 | €25,420 | €8,492 | -€16,928 | -66.6% |
| Deferred charges and accrued income | 490/1 | €2,954 | €1,898 | -€1,056 | -35.7% |
| Total equity and liabilities | 10/49 | €41,053 | €17,530 | -€23,523 | -57.3% |
| Equity | 10/15 | -€54,247 | -€35,616 | +€18,631 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,996 | €28,996 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,136 | €27,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,844 | -€83,213 | +€18,631 | +18.3% |
| Amounts payable | 17/49 | €95,301 | €53,147 | -€42,154 | -44.2% |
| Amounts payable within one year | 42/48 | €95,301 | €53,147 | -€42,154 | -44.2% |
| Trade debts | 44 | €2,576 | €451 | -€2,125 | -82.5% |
| Suppliers | 440/4 | €2,576 | €451 | -€2,125 | -82.5% |
| Advances received on contracts in progress | 46 | €33,345 | - | -€33,345 | |
| Taxes, remuneration and social security | 45 | €354 | €354 | = | 0.0% |
| Taxes | 450/3 | €354 | €354 | = | 0.0% |
| Other amounts payable | 47/48 | €59,025 | €52,341 | -€6,684 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €0 | -€694 | -100% |
| Other operating charges | 640/8 | €626 | €439 | -€187 | -29.9% |
| Gross operating margin | 9900 | -€1,501 | €19,673 | +€21,174 | |
| Operating profit (loss) | 9901 | -€2,821 | €19,234 | +€22,055 | |
| Financial charges | 65/66B | €200 | €330 | +€130 | +65.1% |
| Recurring financial charges | 65 | €200 | €330 | +€130 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,021 | €18,903 | +€21,925 | |
| Income taxes | 67/77 | €251 | €272 | +€21 | +8.4% |
| Profit (loss) for the period | 9904 | -€3,272 | €18,631 | +€21,904 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,272 | €18,631 | +€21,904 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.