BEVERCA
Annual accounts 2025
abbreviated format, filed on 30-07-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €100,000 and €220,000.
Balance sheet
balance sheet total €760,676 on 31-12-2025in euro
in euro
Position in the sector
22.5%
Higher than 42% of 11,297 companies in 2025.
0.08
Higher than 9% of 10,849 companies in 2025.
-8.3%
Higher than 9% of 11,182 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
760,676 | 927,922 | 1.1m | 1.1m | 1.4m | 1.5m | 1.6m | 1.7m | 1.8m | 2.2m | 2.2m | 2.4m | 2.4m | 2.4m | 2.5m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | |
21/28 |
714,513 | 833,387 | 953,947 | 972,184 | 1.2m | 1.5m | 1.5m | 1.6m | 1.7m | - | 1.8m | 1.9m | 1.9m | 1.9m | 2.0m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | |
22/27 |
714,513 | 833,387 | 953,947 | 972,184 | 1.2m | 1.3m | 1.3m | 1.4m | 1.5m | 1.5m | 1.6m | 1.7m | 1.7m | 1.7m | 1.8m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | |
22 |
714,513 | 833,387 | 953,947 | 972,184 | 1.2m | 1.3m | 1.3m | 1.4m | 1.5m | 1.5m | 1.6m | 1.7m | 1.7m | 1.7m | 1.8m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | |
24 |
- | - | - | - | - | - | - | - | 2 | 244 | 488 | - | - | - | - | - | - | 238 | 588 | 1,989 | |
28 |
- | - | - | - | 0 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | - | - | - | - | - | |
29/58 |
46,163 | 94,535 | 119,131 | 129,634 | 169,587 | 39,858 | 95,143 | 152,133 | 83,682 | 413,389 | 431,294 | 505,283 | 493,404 | 486,282 | 480,407 | 240,709 | 229,520 | 247,616 | 221,820 | 174,097 | |
29 |
- | - | - | - | - | - | - | - | - | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 155,092 | 144,592 | 142,592 | 142,592 | - | |
291 |
- | - | - | - | - | - | - | - | - | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 155,092 | 144,592 | 142,592 | 142,592 | - | |
40/41 |
28,671 | 87,376 | 90,726 | 96,211 | 121,536 | 21,896 | 60,421 | 90,891 | 81,644 | 62,987 | 78,788 | 154,740 | 141,595 | 135,634 | 130,007 | 84,999 | 83,880 | 76,521 | 75,247 | 172,103 | |
40 |
0 | 1,973 | 21,788 | - | - | 0 | 2,618 | 3,384 | 1,250 | 1,932 | 4,851 | 7,556 | 128 | 1,655 | 2,092 | 2,815 | 8,482 | 8,164 | 13,067 | 7,688 | |
41 |
28,671 | 85,403 | 68,938 | 96,211 | 121,536 | 21,896 | 57,803 | 87,508 | 80,394 | 61,055 | 73,937 | 147,184 | 141,467 | 133,979 | 127,915 | 82,184 | 75,398 | 68,357 | 62,180 | 164,415 | |
54/58 |
5,622 | 4,894 | 12,990 | 28,778 | 44,371 | 9,688 | 34,721 | 61,242 | 2,038 | 402 | 2,506 | 543 | 483 | 648 | 399 | 619 | 1,048 | 28,493 | 3,979 | 1,995 | |
490/1 |
11,870 | 2,264 | 15,415 | 4,644 | 3,680 | 8,274 | - | - | - | - | - | - | 1,325 | - | - | - | 0 | 10 | 2 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
760,676 | 927,922 | 1.1m | 1.1m | 1.4m | 1.5m | 1.6m | 1.7m | 1.8m | 2.2m | 2.2m | 2.4m | 2.4m | 2.4m | 2.5m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | |
10/15 |
171,112 | 233,915 | 298,762 | 246,414 | 197,095 | 354,765 | 326,845 | 317,748 | 889,665 | 874,977 | 966,499 | 1.0m | 1.0m | 952,693 | 827,903 | 860,062 | 852,178 | 806,879 | 826,200 | 788,945 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 743,681 | - | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | 743,681 | - | - | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | 743,681 | |
13 |
109,112 | 171,915 | 236,762 | 184,414 | 135,095 | 292,765 | 264,845 | 255,748 | 145,985 | 131,296 | 222,818 | 264,565 | 260,911 | 209,012 | 84,222 | 116,381 | 108,497 | 108,650 | 118,019 | 71,124 | |
130/1 |
12,382 | 12,382 | 12,382 | 12,382 | 12,382 | 12,382 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
12,382 | 12,382 | 12,382 | 12,382 | 12,382 | 12,382 | 12,382 | 12,382 | 12,382 | 11,591 | 11,592 | 11,592 | 11,353 | 8,689 | 2,354 | 2,354 | 1,510 | 1,116 | 1,116 | 1,116 | |
132 |
- | - | - | - | 0 | 66,602 | 67,716 | 68,829 | 69,943 | 71,057 | 72,170 | 73,284 | 74,398 | 75,775 | 77,700 | 84,357 | 93,347 | 101,386 | 110,755 | 63,860 | |
133 |
96,730 | 159,533 | 224,380 | 172,032 | 122,714 | 213,781 | 184,747 | 174,537 | 63,660 | 48,648 | 139,056 | 179,689 | 175,160 | 124,548 | 4,169 | 29,671 | 13,641 | 6,149 | 6,149 | 6,149 | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -45,451 | -35,499 | -25,860 | |
16 |
- | - | - | - | 0 | 34,295 | 34,868 | 35,442 | 36,015 | 36,589 | 37,162 | 37,736 | 38,309 | 39,018 | 40,009 | 43,437 | 48,066 | 52,206 | 57,030 | 32,883 | |
168 |
- | - | - | - | 0 | 34,295 | 34,868 | 35,442 | 36,015 | 36,589 | 37,162 | 37,736 | 38,309 | 39,018 | 40,009 | 43,437 | 48,066 | 52,206 | 57,030 | 32,883 | |
17/49 |
589,564 | 694,007 | 774,316 | 855,404 | 1.2m | 1.1m | 1.2m | 1.4m | 888,157 | 1.2m | 1.2m | 1.3m | 1.3m | 1.4m | 1.6m | 405,544 | 445,408 | 487,157 | 462,693 | 509,039 | |
17 |
0 | 83,028 | 181,524 | 275,093 | 504,057 | 450,679 | 497,617 | 581,963 | 662,428 | 742,599 | 861,814 | 975,667 | 1.1m | 1.2m | 1.3m | 366,080 | 404,171 | 443,708 | 426,562 | 462,085 | |
170/4 |
0 | 83,028 | 181,524 | 275,093 | 504,057 | 450,679 | 497,617 | 581,963 | 662,428 | 742,599 | 861,814 | 975,667 | 1.1m | 1.2m | 1.3m | 366,080 | 404,171 | 443,708 | 426,562 | 462,085 | |
42/48 |
589,564 | 610,979 | 592,793 | 580,311 | 690,409 | 690,224 | 746,747 | 806,876 | 225,729 | 499,507 | 338,041 | 345,229 | 262,288 | 229,697 | 321,366 | 39,463 | 41,237 | 43,193 | 35,662 | 46,495 | |
42 |
83,028 | 98,495 | 93,569 | 88,964 | 86,622 | 86,510 | 84,346 | 80,466 | 105,806 | 119,214 | 113,053 | 106,673 | 102,044 | 96,892 | 91,812 | 38,091 | 39,537 | 42,104 | 35,523 | 38,796 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 125,313 | 13 | 1 | 0 | 0 | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 125,313 | 13 | 1 | 0 | 0 | - | |
44 |
86 | 0 | 4,065 | 1,393 | 79,205 | 1,716 | 13,997 | 7,527 | 9,110 | 99,576 | 1,836 | 6,976 | 963 | 1,433 | 2,413 | 1,360 | 1,699 | 1,088 | 138 | 7,698 | |
440/4 |
86 | 0 | 4,065 | 1,393 | 79,205 | 1,716 | 13,997 | 7,527 | 9,110 | 99,576 | 1,836 | 6,976 | 963 | 1,433 | 2,413 | 1,360 | 1,699 | 1,088 | 138 | 7,698 | |
45 |
0 | 2,026 | 0 | 380 | - | - | - | - | - | 681 | 681 | 963 | 845 | 821 | 871 | - | 0 | 1 | 0 | - | |
450/3 |
0 | 2,026 | 0 | 380 | - | - | - | - | - | 681 | 681 | 963 | 845 | 821 | 871 | - | 0 | 1 | 0 | - | |
47/48 |
506,449 | 510,458 | 495,158 | 489,573 | 524,582 | 601,999 | 648,404 | 718,884 | 110,812 | 280,036 | 222,471 | 230,618 | 158,437 | 130,551 | 100,957 | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 255 | 469 | 460 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 80,557 | - | 902 | 54,853 | - | 88,607 | - | |
9900 |
75,639 | 75,305 | 95,189 | 103,701 | 65,516 | 88,582 | 80,883 | 172,239 | 108,967 | -8,033 | 87,430 | 100,785 | 154,063 | 158,360 | 149,560 | 75,417 | 67,654 | 58,116 | 58,023 | 66,687 | |
630 |
118,874 | 120,560 | 18,238 | 19,646 | 22,475 | 23,552 | 23,599 | 26,490 | 29,313 | 31,938 | 36,016 | 40,488 | 42,362 | 41,885 | 132,781 | 49,691 | 59,772 | 60,867 | 60,554 | 55,413 | |
640/8 |
13,333 | 10,275 | 9,939 | 11,079 | 210,755 | 11,184 | 16,307 | 11,482 | 11,360 | 11,166 | 47,718 | 11,839 | 10,183 | 10,475 | 9,106 | 7,733 | 7,549 | 7,385 | 8,147 | 8,321 | |
66A |
- | - | 0 | 146 | - | - | - | - | - | - | - | - | - | 5,481 | - | 3,503 | - | - | - | - | |
9901 |
-56,569 | -55,529 | 67,013 | 72,831 | -167,714 | 53,846 | 40,977 | 134,268 | 68,295 | -51,137 | 3,696 | 48,458 | 101,517 | 106,000 | 7,672 | 17,993 | 333 | -10,137 | -10,678 | 2,954 | |
75/76B |
1,348 | 2,264 | 2,398 | 3,063 | 2,278 | 0 | 1,684 | 13,567 | 14,000 | - | 14,027 | 19,595 | 19,148 | 19,117 | 15,429 | 6,915 | 7,049 | 6,189 | 5,865 | 4,272 | |
75 |
1,348 | 2,264 | 2,398 | 3,063 | 2,278 | 0 | 1,684 | 13,567 | 14,000 | 14,000 | 14,027 | 19,595 | 19,148 | 19,117 | 15,429 | 6,915 | 7,049 | 6,189 | 5,865 | 4,272 | |
65/66B |
7,582 | 11,582 | 17,063 | 26,575 | 26,528 | 26,499 | 34,138 | 38,645 | 68,180 | - | 60,044 | 64,972 | 69,475 | 76,394 | 58,688 | 19,052 | 21,074 | 20,196 | 22,391 | 23,169 | |
65 |
7,582 | 11,582 | 17,063 | 26,575 | 26,528 | 26,499 | 34,138 | 38,645 | 68,180 | 54,958 | 60,044 | 64,972 | 69,475 | 76,394 | 58,688 | 19,052 | 21,074 | 20,196 | 22,391 | 23,169 | |
9903 |
-62,803 | -64,847 | 52,348 | 49,319 | -191,965 | 27,347 | 8,523 | 109,190 | 14,115 | -92,095 | -42,320 | 3,080 | 51,190 | 123,800 | -35,587 | 3,255 | 41,160 | -24,143 | 61,404 | -15,943 | |
780 |
- | - | - | 0 | 34,295 | - | - | - | - | 573 | - | - | - | - | - | - | - | - | - | - | |
67/77 |
- | - | - | - | - | - | - | - | - | - | - | - | 1 | 1 | 0 | 0 | 1 | 2 | 1 | 1 | |
9904 |
-62,803 | -64,847 | 52,348 | 49,319 | -157,670 | 27,920 | 9,097 | 109,764 | 14,688 | -91,522 | -41,747 | 3,654 | 51,899 | 124,790 | -32,159 | 7,884 | 45,298 | -19,321 | 37,255 | -11,329 | |
789 |
- | - | - | 0 | 66,602 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,377 | 1,925 | 6,657 | 8,990 | 8,039 | 9,369 | 11,595 | 8,962 | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 58,490 | - | |
9905 |
-62,803 | -64,847 | 52,348 | 49,319 | -91,067 | 29,034 | 10,210 | 110,877 | 15,802 | -90,408 | -40,633 | 4,767 | 53,276 | 126,715 | -25,502 | 16,874 | 53,338 | -9,952 | -9,640 | -2,366 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-62,803 | -64,847 | 52,348 | 49,319 | -91,067 | 29,034 | 10,210 | 110,877 | 15,802 | -90,408 | -40,633 | 4,767 | 53,276 | 126,715 | -25,502 | 16,874 | 7,886 | -45,451 | -35,499 | -25,860 | |
791/2 |
62,803 | 64,847 | - | 0 | 91,067 | - | - | - | - | 90,408 | 40,633 | - | - | - | 25,502 | - | - | - | - | - | |
691/2 |
- | 0 | 52,348 | 49,319 | 0 | 29,034 | 10,210 | 110,877 | 15,802 | - | - | 4,767 | 53,276 | 126,715 | - | 16,874 | 7,886 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | 790 | - | - | 238 | 2,664 | 6,336 | - | 844 | 394 | - | - | - | |
6921 |
- | 0 | 52,348 | 49,319 | 0 | 29,034 | 10,210 | 110,877 | 15,012 | - | - | 4,529 | 50,612 | 120,379 | - | 16,030 | 7,492 | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 17 older financial years (1989-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00354035 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00258131 | |
| 30-12-2023 | micro format | 04-07-2024 | 2024-00213632 | |
| 30-12-2022 | micro format | 11-07-2023 | 2023-00223866 | |
| 30-12-2021 | micro format | 29-06-2022 | 2022-20109909 | |
| 30-12-2020 | micro format | 06-07-2021 | 2021-31400290 | |
| 30-12-2019 | micro format | 06-07-2020 | 2020-26400395 | |
| 30-12-2018 | micro format | 07-06-2019 | 2019-16900363 | |
| 30-12-2017 | micro format | 20-07-2018 | 2018-36400558 | |
| 30-12-2016 | abbreviated format | 22-06-2017 | 2017-22100351 | |
| 30-12-2015 | abbreviated format | 23-06-2016 | 2016-22000376 | |
| 30-12-2014 | abbreviated format | 05-06-2015 | 2015-15500372 | |
| 30-12-2013 | abbreviated format | 20-06-2014 | 2014-19000277 | |
| 30-12-2012 | abbreviated format | 23-07-2013 | 2013-32500306 | |
| 30-12-2011 | abbreviated format | 15-06-2012 | 2012-17100558 | |
| 30-12-2010 | abbreviated format | 29-06-2011 | 2011-20900559 | |
| 30-12-2009 | abbreviated format | 30-06-2010 | 2010-23400067 | |
| 30-12-2008 | abbreviated format | 29-06-2009 | 2009-29900186 | |
| 30-12-2007 | abbreviated format | 27-06-2008 | 2008-29300217 | |
| 30-12-2006 | abbreviated format | 12-06-2007 | 2007-20700169 | |
| 30-12-2005 | abbreviated format | 08-06-2006 | 2006-21103213 | |
| 30-12-2004 | abbreviated format | 23-06-2005 | 2005-32201352 | |
| 30-12-2003 | abbreviated format | 30-06-2004 | 2004-37200216 | |
| 30-12-2002 | abbreviated format | 27-06-2003 | 2003-33305253 | |
| 30-12-2001 | abbreviated format | 18-07-2002 | 2002-39501950 | |
| 30-12-2000 | abbreviated format | 04-07-2001 | 2001-33300085 | |
| 30-12-1999 | abbreviated format | 12-07-2000 | 2000-40401366 | |
| 30-12-1998 | abbreviated format | 14-07-1999 | 1999-33702560 | |
| 30-12-1997 | abbreviated format | 29-06-1998 | 1998-25304600 | |
| 30-12-1996 | abbreviated format | 26-06-1997 | 1997-21003153 | |
| 30-12-1995 | abbreviated format | 25-06-1996 | 1996-21303530 | |
| 31-12-1994 | abbreviated format | 05-07-1995 | 1995-36803037 | |
| 31-12-1993 | abbreviated format | 17-08-1994 | 1994-36104532 | |
| 31-12-1992 | abbreviated format | 02-09-1993 | 1993-34100835 | |
| 31-12-1991 | abbreviated format | 15-09-1992 | 1992-31700820 | |
| 31-12-1990 | abbreviated format | 06-09-1991 | 1991-24503687 | |
| 31-12-1989 | abbreviated format | 17-09-1990 | 1990-23900596 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62,305 | 65,030 | 85,251 | 92,477 | -145,239 | 77,397 | 64,576 | 160,758 | 97,608 | -19,199 | 39,712 | 88,946 | 143,879 | 147,885 | 140,453 | 67,684 | 60,104 | 50,730 | 49,876 | 58,366 | ||
| 56,072 | 55,712 | 70,585 | 68,964 | -135,194 | 51,472 | 32,696 | 136,253 | 44,001 | -59,584 | -5,731 | 44,142 | 94,261 | 166,675 | 100,622 | 57,575 | 105,070 | 41,546 | 97,809 | 44,084 | ||
| 0 | 0 | 0 | -230,145 | 0 | 2,723 | -55,362 | -113,770 | 19,185 | -1 | 12,558 | 7,957 | 16,978 | 691 | 1.1m | 991 | 133,532 | 35,390 | 75,580 | 18,908 | ||
| 727 | -8,096 | -15,788 | -15,593 | 34,682 | -25,033 | -26,521 | 59,204 | 1,636 | -2,104 | 1,963 | 60 | -165 | 249 | -220 | -429 | -27,445 | 24,515 | 1,984 | - | ||
| -543,401 | -516,444 | -473,661 | -450,677 | -520,822 | -650,366 | -651,604 | -654,743 | -142,047 | -86,118 | 93,253 | 160,054 | 231,115 | 256,585 | 159,040 | 201,246 | 188,283 | 204,423 | 186,158 | 127,603 | ||
| 22.5% | 25.2% | 27.8% | 22.4% | 14.2% | 23.2% | 20.4% | 18.2% | 49.0% | 40.6% | 43.9% | 42.6% | 42.1% | 39.6% | 33.5% | 65.7% | 63.3% | 59.9% | 61.4% | 59.3% | ||
| 0.08 | 0.15 | 0.20 | 0.22 | 0.25 | 0.06 | 0.13 | 0.19 | 0.37 | 0.83 | 1.28 | 1.46 | 1.88 | 2.12 | 1.49 | 6.10 | 5.57 | 5.73 | 6.22 | 3.74 | ||
| 3.45 | 2.97 | 2.59 | 3.47 | 6.06 | 3.22 | 3.81 | 4.37 | 1.00 | 1.42 | 1.24 | 1.31 | 1.34 | 1.48 | 1.94 | 0.47 | 0.52 | 0.60 | 0.56 | 0.65 | ||
| -36.7% | -27.7% | 17.5% | 20.0% | -80.0% | 7.9% | 2.8% | 34.5% | 1.7% | -10.5% | -4.3% | 0.4% | 5.2% | 13.1% | -3.9% | 0.9% | 5.3% | -2.4% | 4.5% | -1.4% | ||
| -8.3% | -7.0% | 4.9% | 4.5% | -11.3% | 1.8% | 0.6% | 6.3% | 0.8% | -4.2% | -1.9% | 0.2% | 2.2% | 5.2% | -1.3% | 0.6% | 3.4% | -1.4% | 2.8% | -0.9% | ||
| 8.22 | 5.61 | 5.00 | 3.48 | -5.47 | - | - | - | - | -0.35 | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 30-12-2023 | 30-12-2022 | 30-12-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €0 |
| Financial fixed assets | - | - | - | - | €0 |
| €118,874 | €120,560 | €18,238 | €19,646 | €22,475 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BEVERCA
The operating result for 2025 is a loss of €56,569, larger than the loss of €55,529 in 2024. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 74.8% to 77.5%. Equity and debt are lower.