TEGELPROJECT BERT: 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.
TEGELPROJECT BERT
Largest movements
- Cash +€17,886
up €17,886 (+51.0%), from €35,099 to €52,985
mainly Net result for the year (+€19,470) and Depreciation (+€13,601)
- Tangible fixed assets -€12,342
down €12,342 (-22.0%), from €56,133 to €43,791
of which Furniture and vehicles: -€11,172
- Receivables within one year +€2,959
up €2,959 (+11317.9%), from €26 to €2,985
of which Other amounts receivable: +€2,299
- Profit (loss) carried forward +€19,470
up €19,470 (+86.2%), from €22,598 to €42,068
- Debts after one year -€9,866
down €9,866 (-23.5%), from €41,941 to €32,075
- Trade debts -€1,990
down €1,990 (-25.5%), from €7,799 to €5,810
- Gross operating margin +€26,869
up €26,869 (+189.6%), from €14,173 to €41,042
- Depreciation +€8,091
up €8,091 (+146.8%), from €5,511 to €13,601
- Taxes +€3,540
up €3,540 (+225.2%), from €1,572 to €5,112
- Financial charges +€1,724
up €1,724 (+602.8%), from €286 to €2,010
- Other operating charges +€464
up €464 (+120.8%), from €384 to €848
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 | €91,595 | €99,937 | +€8,342 | +9.1% |
| Fixed assets | 21/28 | €56,133 | €43,791 | -€12,342 | -22.0% |
| Tangible fixed assets | 22/27 | €56,133 | €43,791 | -€12,342 | -22.0% |
| Plant, machinery and equipment | 23 | €5,226 | €4,057 | -€1,169 | -22.4% |
| Furniture and vehicles | 24 | €50,907 | €39,734 | -€11,172 | -21.9% |
| Current assets | 29/58 | €35,462 | €56,146 | +€20,684 | +58.3% |
| Amounts receivable within one year | 40/41 | €26 | €2,985 | +€2,959 | +11317.9% |
| Trade receivables | 40 | - | €659 | +€659 | |
| Other amounts receivable | 41 | €26 | €2,326 | +€2,299 | +8796.7% |
| Cash at bank and in hand | 54/58 | €35,099 | €52,985 | +€17,886 | +51.0% |
| Deferred charges and accrued income | 490/1 | €337 | €176 | -€161 | -47.8% |
| Total equity and liabilities | 10/49 | €91,595 | €99,937 | +€8,342 | +9.1% |
| Equity | 10/15 | €27,598 | €47,068 | +€19,470 | +70.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,598 | €42,068 | +€19,470 | +86.2% |
| Amounts payable | 17/49 | €63,997 | €52,869 | -€11,128 | -17.4% |
| Amounts payable after more than one year | 17 | €41,941 | €32,075 | -€9,866 | -23.5% |
| Financial debts | 170/4 | €41,941 | €32,075 | -€9,866 | -23.5% |
| Amounts payable within one year | 42/48 | €22,056 | €20,794 | -€1,262 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €9,479 | €9,866 | +€386 | +4.1% |
| Trade debts | 44 | €7,799 | €5,810 | -€1,990 | -25.5% |
| Suppliers | 440/4 | €7,799 | €5,810 | -€1,990 | -25.5% |
| Advances received on contracts in progress | 46 | €50 | - | -€50 | |
| Taxes, remuneration and social security | 45 | €4,728 | €5,119 | +€391 | +8.3% |
| Taxes | 450/3 | €4,728 | €5,119 | +€391 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,511 | €13,601 | +€8,091 | +146.8% |
| Other operating charges | 640/8 | €384 | €848 | +€464 | +120.8% |
| Gross operating margin | 9900 | €14,173 | €41,042 | +€26,869 | +189.6% |
| Operating profit (loss) | 9901 | €8,279 | €26,593 | +€18,314 | +221.2% |
| Financial income | 75/76B | €61 | - | -€61 | |
| Recurring financial income | 75 | €61 | - | -€61 | |
| Financial charges | 65/66B | €286 | €2,010 | +€1,724 | +602.8% |
| Recurring financial charges | 65 | €286 | €2,010 | +€1,724 | +602.8% |
| Profit (loss) for the period before taxes | 9903 | €8,054 | €24,583 | +€16,529 | +205.2% |
| Income taxes | 67/77 | €1,572 | €5,112 | +€3,540 | +225.2% |
| Profit (loss) for the period | 9904 | €6,482 | €19,470 | +€12,988 | +200.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,482 | €19,470 | +€12,988 | +200.4% |
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 10 October 2026 via checked.be.