RESTO BERTRAND: 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.
RESTO BERTRAND
Largest movements
- Tangible fixed assets -€47,092
down €47,092 (-4.9%), from €951,364 to €904,272
of which Land and buildings: -€44,628
- Debts after one year -€63,718
down €63,718 (-100%), from €63,718 to €0
- Short-term financial debts +€63,594
up €63,594 (+5,863%), from €1,085 to €64,679
of which Other loans: +€60,000
- Other debts -€30,022
down €30,022 (-3.4%), from €879,173 to €849,151
- Current portion of long-term debt -€15,346
down €15,346 (-80.5%), from €19,064 to €3,718
- Staff costs -€63,314
down €63,314 (-99.1%), from €63,880 to €565
- Depreciation +€43,841
up €43,841 (+286%), from €15,352 to €59,193
- Gross operating margin -€17,541
down €17,541 (-20.5%), from €85,727 to €68,186
- Financial income +€2,390
up €2,390 (+428%), from €558 to €2,948
- Financial charges -€2,086
down €2,086 (-49.8%), from €4,188 to €2,102
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 | €961,616 | €912,402 | -€49,214 | -5.1% |
| Fixed assets | 21/28 | €951,364 | €904,272 | -€47,092 | -4.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €951,364 | €904,272 | -€47,092 | -4.9% |
| Land and buildings | 22 | €869,678 | €825,050 | -€44,628 | -5.1% |
| Plant, machinery and equipment | 23 | €81,548 | €76,328 | -€5,221 | -6.4% |
| Furniture and vehicles | 24 | €138 | €2,895 | +€2,757 | +2,003% |
| Current assets | 29/58 | €10,252 | €8,130 | -€2,122 | -20.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,219 | €6,138 | -€81 | -1.3% |
| Trade receivables | 40 | €2,128 | €4,891 | +€2,763 | +130% |
| Other amounts receivable | 41 | €4,090 | €1,246 | -€2,844 | -69.5% |
| Cash at bank and in hand | 54/58 | €3,766 | €1,413 | -€2,353 | -62.5% |
| Deferred charges and accrued income | 490/1 | €267 | €579 | +€312 | +117% |
| Total equity and liabilities | 10/49 | €961,616 | €912,402 | -€49,214 | -5.1% |
| Equity | 10/15 | -€23,635 | -€16,910 | +€6,724 | +28.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,635 | -€116,910 | +€6,724 | +5.4% |
| Amounts payable | 17/49 | €985,251 | €929,312 | -€55,938 | -5.7% |
| Amounts payable after more than one year | 17 | €63,718 | €0 | -€63,718 | -100% |
| Financial debts | 170/4 | €63,718 | €0 | -€63,718 | -100% |
| Amounts payable within one year | 42/48 | €918,598 | €929,312 | +€10,714 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €19,064 | €3,718 | -€15,346 | -80.5% |
| Financial debts | 43 | €1,085 | €64,679 | +€63,594 | +5,863% |
| Credit institutions | 430/8 | €1,085 | €4,679 | +€3,594 | +331% |
| Other loans | 439 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €5,966 | €2,622 | -€3,344 | -56.0% |
| Suppliers | 440/4 | €5,966 | €2,622 | -€3,344 | -56.0% |
| Taxes, remuneration and social security | 45 | €13,310 | €9,141 | -€4,169 | -31.3% |
| Taxes | 450/3 | €6,823 | €7,269 | +€446 | +6.5% |
| Remuneration and social security | 454/9 | €6,488 | €1,872 | -€4,615 | -71.1% |
| Other amounts payable | 47/48 | €879,173 | €849,151 | -€30,022 | -3.4% |
| Accrued charges and deferred income | 492/3 | €2,934 | €0 | -€2,934 | -100% |
| Remuneration, social security and pensions | 62 | €63,880 | €565 | -€63,314 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,352 | €59,193 | +€43,841 | +286% |
| Other operating charges | 640/8 | €2,384 | €2,331 | -€53 | -2.2% |
| Gross operating margin | 9900 | €85,727 | €68,186 | -€17,541 | -20.5% |
| Operating profit (loss) | 9901 | €4,111 | €6,096 | +€1,984 | +48.3% |
| Financial income | 75/76B | €558 | €2,948 | +€2,390 | +428% |
| Recurring financial income | 75 | €558 | €2,948 | +€2,390 | +428% |
| Financial charges | 65/66B | €4,188 | €2,102 | -€2,086 | -49.8% |
| Recurring financial charges | 65 | €4,188 | €2,102 | -€2,086 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €482 | €6,942 | +€6,460 | +1,340% |
| Income taxes | 67/77 | €49 | €217 | +€168 | +343% |
| Profit (loss) for the period | 9904 | €433 | €6,724 | +€6,291 | +1,453% |
| Profit (loss) for the period to be appropriated | 9905 | €433 | €6,724 | +€6,291 | +1,453% |
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.