BERART: 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.
BERART
Largest movements
- Current investments +€22.9m
up €22.9m (+170.0%), from €13.5m to €36.4m
- Tangible fixed assets +€1.9m
up €1.9m (+9521.8%), from €19,936 to €1.9m
of which Land and buildings: +€1.6m
- Stocks and contracts -€669,631
down €669,631 (-29.5%), from €2.3m to €1.6m
- Contributions +€19.0m
up €19.0m (+122.6%), from €15.5m to €34.5m
- Other debts +€4.4m
up €4.4m (+1742.7%), from €250,000 to €4.6m
- Accrued charges and deferred income +€554,745
new in 2024: €554,745
- Profit (loss) carried forward +€440,933
up €440,933 (+412.3%), from €106,941 to €547,874
- Financial income +€546,075
up €546,075 (+341.1%), from €160,092 to €706,167
- Taxes +€121,455
up €121,455 (+340.4%), from €35,677 to €157,132
- Depreciation +€76,351
up €76,351 (+2428.5%), from €3,144 to €79,495
- Other operating charges +€6,966
up €6,966 (+1267.1%), from €550 to €7,516
- Gross operating margin -€5,771
down €5,771 (-44.0%), from -€13,106 to -€18,877
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,891,347 | €40,351,017 | +€24.5m | +153.9% |
| Fixed assets | 21/28 | €19,936 | €1,918,206 | +€1.9m | +9521.8% |
| Tangible fixed assets | 22/27 | €19,936 | €1,918,206 | +€1.9m | +9521.8% |
| Land and buildings | 22 | - | €1,584,000 | +€1.6m | |
| Furniture and vehicles | 24 | €19,936 | €13,826 | -€6,110 | -30.6% |
| Assets under construction and advance payments | 27 | - | €320,380 | +€320,380 | |
| Current assets | 29/58 | €15,871,411 | €38,432,811 | +€22.6m | +142.2% |
| Stocks and contracts in progress | 3 | €2,272,689 | €1,603,058 | -€669,631 | -29.5% |
| Stocks | 30/36 | €2,272,689 | €1,603,058 | -€669,631 | -29.5% |
| Amounts receivable within one year | 40/41 | €12,322 | €273,216 | +€260,894 | +2117.3% |
| Trade receivables | 40 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 41 | €2,322 | €273,216 | +€270,894 | +11666.1% |
| Current investments | 50/53 | €13,480,649 | €36,396,737 | +€22.9m | +170.0% |
| Cash at bank and in hand | 54/58 | €105,133 | €113,416 | +€8,283 | +7.9% |
| Deferred charges and accrued income | 490/1 | €618 | €46,384 | +€45,765 | +7403.5% |
| Total equity and liabilities | 10/49 | €15,891,347 | €40,351,017 | +€24.5m | +153.9% |
| Equity | 10/15 | €15,606,941 | €35,047,874 | +€19.4m | +124.6% |
| Contributions | 10/11 | €15,500,000 | €34,500,000 | +€19.0m | +122.6% |
| Profit (loss) carried forward | 14 | €106,941 | €547,874 | +€440,933 | +412.3% |
| Amounts payable | 17/49 | €284,406 | €5,303,142 | +€5.0m | +1764.6% |
| Amounts payable within one year | 42/48 | €284,406 | €4,748,398 | +€4.5m | +1569.6% |
| Trade debts | 44 | €800 | €66,053 | +€65,253 | +8156.6% |
| Suppliers | 440/4 | €800 | €66,053 | +€65,253 | +8156.6% |
| Taxes, remuneration and social security | 45 | €33,606 | €75,637 | +€42,031 | +125.1% |
| Taxes | 450/3 | €33,606 | €75,637 | +€42,031 | +125.1% |
| Other amounts payable | 47/48 | €250,000 | €4,606,708 | +€4.4m | +1742.7% |
| Accrued charges and deferred income | 492/3 | - | €554,745 | +€554,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,144 | €79,495 | +€76,351 | +2428.5% |
| Other operating charges | 640/8 | €550 | €7,516 | +€6,966 | +1267.1% |
| Gross operating margin | 9900 | -€13,106 | -€18,877 | -€5,771 | -44.0% |
| Operating profit (loss) | 9901 | -€16,799 | -€105,887 | -€89,088 | -530.3% |
| Financial income | 75/76B | €160,092 | €706,167 | +€546,075 | +341.1% |
| Recurring financial income | 75 | €160,092 | €706,167 | +€546,075 | +341.1% |
| Financial charges | 65/66B | €675 | €2,215 | +€1,540 | +228.2% |
| Recurring financial charges | 65 | €675 | €2,215 | +€1,540 | +228.2% |
| Profit (loss) for the period before taxes | 9903 | €142,618 | €598,065 | +€455,447 | +319.3% |
| Income taxes | 67/77 | €35,677 | €157,132 | +€121,455 | +340.4% |
| Profit (loss) for the period | 9904 | €106,941 | €440,933 | +€333,993 | +312.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,941 | €440,933 | +€333,993 | +312.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.