BERACO: what changed
Two fiscal 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.
BERACO
Largest movements
- Current investments -€140,121
down €140,121 (-6.2%), from €2.2m to €2.1m
- Tangible fixed assets -€71,154
down €71,154 (-5.8%), from €1.2m to €1.2m
- Cash -€52,909
down €52,909 (-47.3%), from €111,888 to €58,979
mainly Debts after one year (-€158,058) and Tax, wage and social debts (-€115,279)
- Receivables within one year +€43,815
new in 2025: €43,815
of which Other amounts receivable: +€39,744
- Debts after one year -€158,058
down €158,058 (-15.5%), from €1.0m to €862,598
- Tax, wage and social debts -€115,279
down €115,279 (-85.5%), from €134,779 to €19,500
- Reserves +€86,799
up €86,799 (+4.3%), from €2.0m to €2.1m
of which Distributable reserves: +€86,799
- Gross operating margin -€2.2m
down €2.2m (-94.5%), from €2.4m to €129,840
- Taxes -€665,475
down €665,475 (-98.7%), from €674,338 to €8,864
- Financial income +€145,686
up €145,686 (+958.6%), from €15,198 to €160,883
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 | €3,596,060 | €3,388,635 | -€207,425 | -5.8% |
| Fixed assets | 21/28 | €1,234,209 | €1,163,054 | -€71,154 | -5.8% |
| Tangible fixed assets | 22/27 | €1,234,209 | €1,163,054 | -€71,154 | -5.8% |
| Land and buildings | 22 | €1,167,030 | €1,134,361 | -€32,669 | -2.8% |
| Leasing and similar rights | 25 | €45,423 | €28,693 | -€16,730 | -36.8% |
| Assets under construction and advance payments | 27 | €21,756 | - | -€21,756 | |
| Current assets | 29/58 | €2,361,852 | €2,225,581 | -€136,270 | -5.8% |
| Amounts receivable within one year | 40/41 | - | €43,815 | +€43,815 | |
| Trade receivables | 40 | - | €4,071 | +€4,071 | |
| Other amounts receivable | 41 | - | €39,744 | +€39,744 | |
| Current investments | 50/53 | €2,248,141 | €2,108,020 | -€140,121 | -6.2% |
| Cash at bank and in hand | 54/58 | €111,888 | €58,979 | -€52,909 | -47.3% |
| Deferred charges and accrued income | 490/1 | €1,823 | €14,768 | +€12,945 | +710.2% |
| Total equity and liabilities | 10/49 | €3,596,060 | €3,388,635 | -€207,425 | -5.8% |
| Equity | 10/15 | €2,199,943 | €2,286,742 | +€86,799 | +3.9% |
| Contributions | 10/11 | €64,462 | €64,462 | = | 0.0% |
| Capital | 10 | €64,462 | €64,462 | = | 0.0% |
| Issued capital | 100 | €64,462 | €64,462 | = | 0.0% |
| Reserves | 13 | €2,027,137 | €2,113,936 | +€86,799 | +4.3% |
| Non-distributable reserves | 130/1 | €10,466 | €10,466 | = | 0.0% |
| Legal reserve | 130 | €10,466 | €10,466 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,071 | €53,071 | = | 0.0% |
| Distributable reserves | 133 | €1,963,600 | €2,050,399 | +€86,799 | +4.4% |
| Profit (loss) carried forward | 14 | €108,344 | €108,344 | = | 0.0% |
| Provisions and deferred taxes | 16 | €218 | €218 | = | 0.0% |
| Deferred taxes | 168 | €218 | €218 | = | 0.0% |
| Amounts payable | 17/49 | €1,395,900 | €1,101,676 | -€294,223 | -21.1% |
| Amounts payable after more than one year | 17 | €1,020,656 | €862,598 | -€158,058 | -15.5% |
| Financial debts | 170/4 | €1,020,656 | €862,598 | -€158,058 | -15.5% |
| Amounts payable within one year | 42/48 | €355,713 | €229,617 | -€126,096 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €154,305 | €158,058 | +€3,753 | +2.4% |
| Trade debts | 44 | €57,815 | €41,672 | -€16,143 | -27.9% |
| Suppliers | 440/4 | €57,815 | €41,672 | -€16,143 | -27.9% |
| Taxes, remuneration and social security | 45 | €134,779 | €19,500 | -€115,279 | -85.5% |
| Taxes | 450/3 | €134,779 | €19,500 | -€115,279 | -85.5% |
| Other amounts payable | 47/48 | €8,814 | €10,387 | +€1,574 | +17.9% |
| Accrued charges and deferred income | 492/3 | €19,531 | €9,461 | -€10,070 | -51.6% |
| Non-recurring operating income | 76A | €2,154,520 | - | -€2.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,881 | €133,795 | +€3,913 | +3.0% |
| Other operating charges | 640/8 | €59,896 | €36,420 | -€23,476 | -39.2% |
| Gross operating margin | 9900 | €2,350,445 | €129,840 | -€2.2m | -94.5% |
| Operating profit (loss) | 9901 | €2,160,668 | -€40,375 | -€2.2m | |
| Financial income | 75/76B | €15,198 | €160,883 | +€145,686 | +958.6% |
| Recurring financial income | 75 | €15,198 | €160,883 | +€145,686 | +958.6% |
| Financial charges | 65/66B | €30,034 | €24,846 | -€5,188 | -17.3% |
| Recurring financial charges | 65 | €30,034 | €24,846 | -€5,188 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €2,145,831 | €95,663 | -€2.1m | -95.5% |
| Income taxes | 67/77 | €674,338 | €8,864 | -€665,475 | -98.7% |
| Profit (loss) for the period | 9904 | €1,471,493 | €86,799 | -€1.4m | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,471,493 | €86,799 | -€1.4m | -94.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.