PATRICK BERTEN: what changed
PATRICK BERTEN
Largest movements
- Cash -€17,289
down €17,289 (-22.4%), from €77,346 to €60,058
mainly Investment in fixed assets (net) (-€16,806) and Net result for the year (-€2,150)
- Tangible fixed assets +€11,655
up €11,655 (+111%), from €10,544 to €22,199
of which Other tangible fixed assets: +€12,804
- Stocks and contracts +€1,023
up €1,023 (+17.7%), from €5,765 to €6,788
- Receivables within one year +€1,002
up €1,002, from €0 to €1,002
- Reserves -€2,983
down €2,983 (-6.4%), from €46,632 to €43,649
of which Distributable reserves: -€2,983
- Staff costs +€9,974
up €9,974 (+23.8%), from €41,974 to €51,948
- Financial charges -€1,564
down €1,564 (-91.2%), from €1,714 to €150
- Depreciation +€1,332
up €1,332 (+34.9%), from €3,818 to €5,150
- Gross operating margin +€1,280
up €1,280 (+2.4%), from €54,198 to €55,478
- Taxes -€562
down €562 (-100%), from €562 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 | €93,655 | €90,047 | -€3,608 | -3.9% |
| Fixed assets | 21/28 | €10,544 | €22,199 | +€11,655 | +111% |
| Tangible fixed assets | 22/27 | €10,544 | €22,199 | +€11,655 | +111% |
| Plant, machinery and equipment | 23 | €1,801 | €964 | -€837 | -46.4% |
| Furniture and vehicles | 24 | €312 | €0 | -€312 | -100% |
| Other tangible fixed assets | 26 | €8,431 | €21,235 | +€12,804 | +152% |
| Current assets | 29/58 | €83,112 | €67,848 | -€15,264 | -18.4% |
| Stocks and contracts in progress | 3 | €5,765 | €6,788 | +€1,023 | +17.7% |
| Stocks | 30/36 | €5,765 | €6,788 | +€1,023 | +17.7% |
| Amounts receivable within one year | 40/41 | €0 | €1,002 | +€1,002 | |
| Other amounts receivable | 41 | €0 | €1,002 | +€1,002 | |
| Cash at bank and in hand | 54/58 | €77,346 | €60,058 | -€17,289 | -22.4% |
| Total equity and liabilities | 10/49 | €93,655 | €90,047 | -€3,608 | -3.9% |
| Equity | 10/15 | €59,032 | €56,049 | -€2,983 | -5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €46,632 | €43,649 | -€2,983 | -6.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €44,773 | €41,790 | -€2,983 | -6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,623 | €33,998 | -€625 | -1.8% |
| Amounts payable within one year | 42/48 | €34,623 | €33,998 | -€625 | -1.8% |
| Trade debts | 44 | €1,807 | €1,104 | -€703 | -38.9% |
| Suppliers | 440/4 | €1,807 | €1,104 | -€703 | -38.9% |
| Taxes, remuneration and social security | 45 | €12,151 | €11,943 | -€209 | -1.7% |
| Taxes | 450/3 | €6,728 | €5,033 | -€1,695 | -25.2% |
| Remuneration and social security | 454/9 | €5,424 | €6,910 | +€1,486 | +27.4% |
| Other amounts payable | 47/48 | €20,665 | €20,952 | +€286 | +1.4% |
| Remuneration, social security and pensions | 62 | €41,974 | €51,948 | +€9,974 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,818 | €5,150 | +€1,332 | +34.9% |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | €54,198 | €55,478 | +€1,280 | +2.4% |
| Operating profit (loss) | 9901 | €7,893 | -€2,019 | -€9,912 | |
| Financial income | 75/76B | €3 | €19 | +€17 | +587% |
| Recurring financial income | 75 | €3 | €19 | +€17 | +587% |
| Financial charges | 65/66B | €1,714 | €150 | -€1,564 | -91.2% |
| Recurring financial charges | 65 | €1,714 | €150 | -€1,564 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €6,182 | -€2,150 | -€8,332 | |
| Income taxes | 67/77 | €562 | €0 | -€562 | -100% |
| Profit (loss) for the period | 9904 | €5,620 | -€2,150 | -€7,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,620 | -€2,150 | -€7,770 |
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 1 November 2026 via checked.be.