BertoBen: 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.
BertoBen
Largest movements
- Financial fixed assets +€165,614
up €165,614 (+67.3%), from €246,194 to €411,808
- Receivables within one year +€38,480
up €38,480 (+5.6%), from €685,709 to €724,189
of which Other amounts receivable: +€77,418
- Deferred charges and accrued income +€17,134
up €17,134 (+1,757%), from €975 to €18,109
- Cash +€17,127
up €17,127 (+278%), from €6,170 to €23,296
mainly Net result for the year (+€167,840) and Depreciation (+€31,906)
- Reserves +€167,840
up €167,840 (+19.6%), from €855,442 to €1.0m
of which Tax-exempt reserves: +€83,920
- Short-term financial debts +€28,425
up €28,425 (+527%), from €5,390 to €33,816
- Debts after one year +€18,036
up €18,036 (+36.4%), from €49,551 to €67,587
- Gross operating margin -€90,803
down €90,803 (-25.5%), from €356,506 to €265,703
- Taxes -€24,484
down €24,484 (-26.4%), from €92,832 to €68,348
- Depreciation +€11,869
up €11,869 (+59.2%), from €20,037 to €31,906
- Financial income +€9,285
up €9,285 (+37.8%), from €24,587 to €33,872
of which Financial income: +€9,285
- Other operating charges +€9,208
up €9,208 (+230%), from €4,004 to €13,212
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 | €1,047,230 | €1,275,749 | +€228,519 | +21.8% |
| Fixed assets | 21/28 | €354,376 | €510,154 | +€155,778 | +44.0% |
| Tangible fixed assets | 22/27 | €108,182 | €98,346 | -€9,836 | -9.1% |
| Plant, machinery and equipment | 23 | €3,391 | €2,675 | -€716 | -21.1% |
| Furniture and vehicles | 24 | €38,226 | €0 | -€38,226 | -100% |
| Leasing and similar rights | 25 | €66,565 | €95,671 | +€29,106 | +43.7% |
| Financial fixed assets | 28 | €246,194 | €411,808 | +€165,614 | +67.3% |
| Current assets | 29/58 | €692,854 | €765,595 | +€72,741 | +10.5% |
| Amounts receivable within one year | 40/41 | €685,709 | €724,189 | +€38,480 | +5.6% |
| Trade receivables | 40 | €179,487 | €140,550 | -€38,937 | -21.7% |
| Other amounts receivable | 41 | €506,222 | €583,639 | +€77,418 | +15.3% |
| Cash at bank and in hand | 54/58 | €6,170 | €23,296 | +€17,127 | +278% |
| Deferred charges and accrued income | 490/1 | €975 | €18,109 | +€17,134 | +1,757% |
| Total equity and liabilities | 10/49 | €1,047,230 | €1,275,749 | +€228,519 | +21.8% |
| Equity | 10/15 | €874,042 | €1,041,882 | +€167,840 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €855,442 | €1,023,282 | +€167,840 | +19.6% |
| Tax-exempt reserves | 132 | €126,300 | €210,220 | +€83,920 | +66.4% |
| Distributable reserves | 133 | €729,142 | €813,062 | +€83,920 | +11.5% |
| Amounts payable | 17/49 | €173,188 | €233,867 | +€60,679 | +35.0% |
| Amounts payable after more than one year | 17 | €49,551 | €67,587 | +€18,036 | +36.4% |
| Financial debts | 170/4 | €49,551 | €67,587 | +€18,036 | +36.4% |
| Amounts payable within one year | 42/48 | €123,637 | €166,280 | +€42,643 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €17,716 | €29,026 | +€11,310 | +63.8% |
| Financial debts | 43 | €5,390 | €33,816 | +€28,425 | +527% |
| Credit institutions | 430/8 | €5,390 | €33,816 | +€28,425 | +527% |
| Trade debts | 44 | €2,625 | €8,047 | +€5,422 | +207% |
| Suppliers | 440/4 | €2,625 | €8,047 | +€5,422 | +207% |
| Taxes, remuneration and social security | 45 | €71,668 | €63,351 | -€8,317 | -11.6% |
| Taxes | 450/3 | €71,668 | €63,351 | -€8,317 | -11.6% |
| Other amounts payable | 47/48 | €26,237 | €32,041 | +€5,803 | +22.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,037 | €31,906 | +€11,869 | +59.2% |
| Other operating charges | 640/8 | €4,004 | €13,212 | +€9,208 | +230% |
| Non-recurring operating charges | 66A | €0 | €11,226 | +€11,226 | |
| Gross operating margin | 9900 | €356,506 | €265,703 | -€90,803 | -25.5% |
| Operating profit (loss) | 9901 | €332,465 | €209,358 | -€123,107 | -37.0% |
| Financial income | 75/76B | €24,587 | €33,872 | +€9,285 | +37.8% |
| Recurring financial income | 75 | €24,587 | €33,872 | +€9,285 | +37.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €12,326 | €7,043 | -€5,284 | -42.9% |
| Recurring financial charges | 65 | €12,326 | €7,043 | -€5,284 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €344,725 | €236,188 | -€108,538 | -31.5% |
| Income taxes | 67/77 | €92,832 | €68,348 | -€24,484 | -26.4% |
| Profit (loss) for the period | 9904 | €251,894 | €167,840 | -€84,054 | -33.4% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €83,920 | +€20,770 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €188,744 | €83,920 | -€104,824 | -55.5% |
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.