BERTUS: what changed
BERTUS
Largest movements
- Tangible fixed assets -€20,015
down €20,015 (-7.0%), from €286,499 to €266,484
of which Furniture and vehicles: -€13,090
- Cash -€18,666
down €18,666 (-10.5%), from €177,951 to €159,285
mainly Net result for the year (-€24,452) and Other debts (-€15,959)
- Profit (loss) carried forward -€20,203
down €20,203 (-6.1%), from -€332,669 to -€352,872
- Other debts -€15,959
down €15,959 (-18.1%), from €88,007 to €72,048
- Gross operating margin +€11,236
up €11,236, from -€4,305 to €6,930
- Depreciation -€7,581
down €7,581 (-27.5%), from €27,596 to €20,015
- Other operating charges -€3,146
down €3,146 (-42.0%), from €7,491 to €4,345
- Financial income -€2,265
down €2,265 (-68.3%), from €3,317 to €1,052
- Taxes +€240
up €240 (+30.4%), from €788 to €1,028
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 | €469,303 | €429,251 | -€40,052 | -8.5% |
| Fixed assets | 21/28 | €286,499 | €266,484 | -€20,015 | -7.0% |
| Tangible fixed assets | 22/27 | €286,499 | €266,484 | -€20,015 | -7.0% |
| Land and buildings | 22 | €252,501 | €245,576 | -€6,925 | -2.7% |
| Furniture and vehicles | 24 | €33,999 | €20,908 | -€13,090 | -38.5% |
| Current assets | 29/58 | €182,803 | €162,767 | -€20,037 | -11.0% |
| Amounts receivable within one year | 40/41 | €4,852 | €3,482 | -€1,371 | -28.2% |
| Trade receivables | 40 | €1,845 | - | -€1,845 | |
| Other amounts receivable | 41 | €3,007 | €3,482 | +€475 | +15.8% |
| Cash at bank and in hand | 54/58 | €177,951 | €159,285 | -€18,666 | -10.5% |
| Total equity and liabilities | 10/49 | €469,303 | €429,251 | -€40,052 | -8.5% |
| Equity | 10/15 | €371,667 | €347,215 | -€24,452 | -6.6% |
| Contributions | 10/11 | €493,308 | €493,308 | = | 0.0% |
| Capital | 10 | €493,308 | €493,308 | = | 0.0% |
| Issued capital | 100 | €493,308 | €493,308 | = | 0.0% |
| Reserves | 13 | €211,028 | €206,779 | -€4,249 | -2.0% |
| Non-distributable reserves | 130/1 | €17,597 | €17,597 | = | 0.0% |
| Legal reserve | 130 | €17,597 | €17,597 | = | 0.0% |
| Tax-exempt reserves | 132 | €178,060 | €173,811 | -€4,249 | -2.4% |
| Distributable reserves | 133 | €15,371 | €15,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€332,669 | -€352,872 | -€20,203 | -6.1% |
| Amounts payable | 17/49 | €97,635 | €82,035 | -€15,600 | -16.0% |
| Amounts payable within one year | 42/48 | €97,635 | €82,035 | -€15,600 | -16.0% |
| Trade debts | 44 | €7,255 | €5,385 | -€1,870 | -25.8% |
| Suppliers | 440/4 | €7,255 | €5,385 | -€1,870 | -25.8% |
| Taxes, remuneration and social security | 45 | €2,373 | €4,602 | +€2,229 | +93.9% |
| Taxes | 450/3 | €2,373 | €4,602 | +€2,229 | +93.9% |
| Other amounts payable | 47/48 | €88,007 | €72,048 | -€15,959 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,596 | €20,015 | -€7,581 | -27.5% |
| Other operating charges | 640/8 | €7,491 | €4,345 | -€3,146 | -42.0% |
| Gross operating margin | 9900 | -€4,305 | €6,930 | +€11,236 | |
| Operating profit (loss) | 9901 | -€39,393 | -€17,430 | +€21,962 | +55.8% |
| Financial income | 75/76B | €3,317 | €1,052 | -€2,265 | -68.3% |
| Recurring financial income | 75 | €3,317 | €1,052 | -€2,265 | -68.3% |
| Financial charges | 65/66B | €7,025 | €7,045 | +€20 | +0.3% |
| Recurring financial charges | 65 | €7,025 | €7,045 | +€20 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,101 | -€23,424 | +€19,677 | +45.7% |
| Income taxes | 67/77 | €788 | €1,028 | +€240 | +30.4% |
| Profit (loss) for the period | 9904 | -€43,889 | -€24,452 | +€19,437 | +44.3% |
| Transfer from tax-exempt reserves | 789 | €4,249 | €4,249 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,641 | -€20,203 | +€19,437 | +49.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.