Bert Projects: 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.
Bert Projects
Largest movements
- Receivables within one year +€12,515
new in 2026: €12,515
- Tangible fixed assets +€2,330
new in 2026: €2,330
- Deferred charges and accrued income +€1,865
new in 2026: €1,865
- Cash +€231
up €231 (+136%), from €171 to €402
mainly Trade debts (+€35,067) and Tax, wage and social debts (+€1,174)
- Trade debts +€35,067
up €35,067 (+53,375%), from €66 to €35,133
- Profit (loss) carried forward -€14,611
down €14,611 (-178%), from -€8,196 to -€22,807
- Other debts -€5,301
down €5,301 (-100%), from €5,301 to €0
- Tax, wage and social debts +€1,174
new in 2026: €1,174
- Accrued charges and deferred income +€611
up €611, from €0 to €611
- Gross operating margin -€10,614
down €10,614 (-450%), from -€2,361 to -€12,975
- Other operating charges +€1,133
up €1,133 (+617%), from €184 to €1,317
- Depreciation +€433
new in 2026: €433
- Financial income +€365
new in 2026: €365
- Taxes +€173
new in 2026: €173
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171 | €17,112 | +€16,941 | +9,928% |
| Fixed assets | 21/28 | - | €2,330 | +€2,330 | |
| Tangible fixed assets | 22/27 | - | €2,330 | +€2,330 | |
| Furniture and vehicles | 24 | - | €2,330 | +€2,330 | |
| Current assets | 29/58 | €171 | €14,782 | +€14,611 | +8,563% |
| Amounts receivable within one year | 40/41 | - | €12,515 | +€12,515 | |
| Other amounts receivable | 41 | - | €12,515 | +€12,515 | |
| Cash at bank and in hand | 54/58 | €171 | €402 | +€231 | +136% |
| Deferred charges and accrued income | 490/1 | - | €1,865 | +€1,865 | |
| Total equity and liabilities | 10/49 | €171 | €17,112 | +€16,941 | +9,928% |
| Equity | 10/15 | -€5,196 | -€19,807 | -€14,611 | -281% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,196 | -€22,807 | -€14,611 | -178% |
| Amounts payable | 17/49 | €5,366 | €36,918 | +€31,552 | +588% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €5,366 | €36,307 | +€30,941 | +577% |
| Trade debts | 44 | €66 | €35,133 | +€35,067 | +53,375% |
| Suppliers | 440/4 | €66 | €35,133 | +€35,067 | +53,375% |
| Taxes, remuneration and social security | 45 | - | €1,174 | +€1,174 | |
| Taxes | 450/3 | - | €1,174 | +€1,174 | |
| Other amounts payable | 47/48 | €5,301 | €0 | -€5,301 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €611 | +€611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €433 | +€433 | |
| Other operating charges | 640/8 | €184 | €1,317 | +€1,133 | +617% |
| Gross operating margin | 9900 | -€2,361 | -€12,975 | -€10,614 | -450% |
| Operating profit (loss) | 9901 | -€2,545 | -€14,725 | -€12,180 | -479% |
| Financial income | 75/76B | - | €365 | +€365 | |
| Recurring financial income | 75 | - | €365 | +€365 | |
| Financial charges | 65/66B | €143 | €79 | -€63 | -44.6% |
| Recurring financial charges | 65 | €143 | €79 | -€63 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,687 | -€14,439 | -€11,751 | -437% |
| Income taxes | 67/77 | - | €173 | +€173 | |
| Profit (loss) for the period | 9904 | -€2,687 | -€14,611 | -€11,924 | -444% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,687 | -€14,611 | -€11,924 | -444% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.