BERAT: 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.
What changed
BERAT
NACE 43.331, Floor and wall tiling
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€104,035
2024 · €63,525+€40,510
Equity
€597,335
2024 · €493,299+€104,035
Cash
-
2024 · €5,934-€5,934
Balance sheet total
€4.5m
2024 · €3.7m+€770,888
Largest movements
Assets
- Stocks and contracts +€686,676
up €686,676 (+25.1%), from €2.7m to €3.4m
of which Contracts in progress: +€643,992
- Receivables after one year +€45,000
up €45,000 (+36.6%), from €122,927 to €167,927
Equity and liabilities
- Debts after one year +€456,134
up €456,134 (+114.6%), from €398,185 to €854,319
- Trade debts +€142,487
up €142,487 (+22.2%), from €640,891 to €783,378
- Profit (loss) carried forward +€104,035
up €104,035 (+22.5%), from €463,203 to €567,239
- Current portion of long-term debt +€52,313
up €52,313 (+103.8%), from €50,404 to €102,717
Income statement
- Gross operating margin +€62,156
up €62,156 (+19.9%), from €312,484 to €374,639
- Other operating charges +€28,772
new in 2025: €28,772
- Financial charges -€26,221
down €26,221 (-12.0%), from €217,799 to €191,578
- Taxes +€11,102
up €11,102 (+47.8%), from €23,217 to €34,319
- Staff costs +€11,046
up €11,046 (+60.7%), from €18,210 to €29,256
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.
Result 2024
€63,525
Gross operating margin
+€62,156
Staff costs
-€11,046
Depreciation
-€2,513
Other operating charges
-€28,772
Other operating items
+€717
Financial income
+€4,850
Financial charges
+€26,221
Taxes
-€11,102
Result 2025
€104,035
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.
From operations
-€518,257
Investment
-€37,918
Financing
+€550,241
Cash 2024
€5,934
From operations (derived)
-€518,257
Net result for the year
+€104,035
Depreciation
+€15,109
Receivables after one year
-€45,000
Stocks and contracts
-€686,676
Receivables within one year
+€10,781
Deferred charges and accrued income
-€33,119
Trade debts
+€142,487
Tax, wage and social debts
-€25,875
Investment (derived)
-€37,918
Investment in fixed assets (net)
-€37,918
Financing
+€550,241
Debts after one year
+€456,134
Current portion of long-term debt
+€52,313
Short-term financial debts
+€41,794
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,711,642 | €4,482,530 | +€770,888 | +20.8% |
| Fixed assets | 21/28 | €370,785 | €393,594 | +€22,809 | +6.2% |
| Tangible fixed assets | 22/27 | €369,673 | €392,482 | +€22,809 | +6.2% |
| Land and buildings | 22 | €363,280 | €352,749 | -€10,531 | -2.9% |
| Plant, machinery and equipment | 23 | €4,000 | €26,502 | +€22,502 | +562.5% |
| Furniture and vehicles | 24 | €2,393 | €13,232 | +€10,839 | +453.0% |
| Financial fixed assets | 28 | €1,112 | €1,112 | = | 0.0% |
| Current assets | 29/58 | €3,340,857 | €4,088,936 | +€748,079 | +22.4% |
| Amounts receivable after more than one year | 29 | €122,927 | €167,927 | +€45,000 | +36.6% |
| Trade receivables | 290 | €122,927 | €167,927 | +€45,000 | +36.6% |
| Stocks and contracts in progress | 3 | €2,731,251 | €3,417,927 | +€686,676 | +25.1% |
| Stocks | 30/36 | €2,708,481 | €2,751,165 | +€42,684 | +1.6% |
| Contracts in progress | 37 | €22,770 | €666,762 | +€643,992 | +2828.2% |
| Amounts receivable within one year | 40/41 | €480,744 | €469,963 | -€10,781 | -2.2% |
| Trade receivables | 40 | €133,654 | €90,164 | -€43,490 | -32.5% |
| Other amounts receivable | 41 | €347,091 | €379,799 | +€32,709 | +9.4% |
| Cash at bank and in hand | 54/58 | €5,934 | - | -€5,934 | |
| Deferred charges and accrued income | 490/1 | - | €33,119 | +€33,119 | |
| Total equity and liabilities | 10/49 | €3,711,642 | €4,482,530 | +€770,888 | +20.8% |
| Equity | 10/15 | €493,299 | €597,335 | +€104,035 | +21.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,096 | €10,096 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €8,096 | €8,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | €463,203 | €567,239 | +€104,035 | +22.5% |
| Amounts payable | 17/49 | €3,218,342 | €3,885,195 | +€666,853 | +20.7% |
| Amounts payable after more than one year | 17 | €398,185 | €854,319 | +€456,134 | +114.6% |
| Financial debts | 170/4 | €398,185 | €854,319 | +€456,134 | +114.6% |
| Amounts payable within one year | 42/48 | €2,820,158 | €3,030,876 | +€210,718 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €50,404 | €102,717 | +€52,313 | +103.8% |
| Financial debts | 43 | €2,089,407 | €2,131,200 | +€41,794 | +2.0% |
| Credit institutions | 430/8 | €1,937,959 | €2,131,200 | +€193,241 | +10.0% |
| Other loans | 439 | €151,447 | - | -€151,447 | |
| Trade debts | 44 | €640,891 | €783,378 | +€142,487 | +22.2% |
| Suppliers | 440/4 | €640,891 | €783,378 | +€142,487 | +22.2% |
| Taxes, remuneration and social security | 45 | €39,457 | €13,581 | -€25,875 | -65.6% |
| Taxes | 450/3 | €27,306 | €3,621 | -€23,685 | -86.7% |
| Remuneration and social security | 454/9 | €12,151 | €9,960 | -€2,191 | -18.0% |
| Remuneration, social security and pensions | 62 | €18,210 | €29,256 | +€11,046 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,596 | €15,109 | +€2,513 | +20.0% |
| Other operating charges | 640/8 | - | €28,772 | +€28,772 | |
| Non-recurring operating charges | 66A | €717 | - | -€717 | |
| Gross operating margin | 9900 | €312,484 | €374,639 | +€62,156 | +19.9% |
| Operating profit (loss) | 9901 | €280,961 | €301,502 | +€20,541 | +7.3% |
| Financial income | 75/76B | €23,580 | €28,430 | +€4,850 | +20.6% |
| Recurring financial income | 75 | €23,580 | €28,430 | +€4,850 | +20.6% |
| Financial charges | 65/66B | €217,799 | €191,578 | -€26,221 | -12.0% |
| Recurring financial charges | 65 | €217,799 | €191,578 | -€26,221 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €86,742 | €138,354 | +€51,612 | +59.5% |
| Income taxes | 67/77 | €23,217 | €34,319 | +€11,102 | +47.8% |
| Profit (loss) for the period | 9904 | €63,525 | €104,035 | +€40,510 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,525 | €104,035 | +€40,510 | +63.8% |
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 8 October 2026 via checked.be.