BERBEN MARTIN: 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.
BERBEN MARTIN
Largest movements
- Cash +€75,507
up €75,507 (+41.9%), from €180,032 to €255,539
mainly Depreciation (+€65,998) and Receivables within one year (+€26,080)
- Tangible fixed assets -€45,324
down €45,324 (-45.0%), from €100,743 to €55,419
of which Leasing and similar rights: -€43,576
- Receivables within one year -€26,080
down €26,080 (-6.7%), from €387,137 to €361,056
of which Trade receivables: -€39,720
- Current portion of long-term debt -€16,504
down €16,504 (-86.5%), from €19,083 to €2,579
- Reserves +€15,000
up €15,000 (+9.1%), from €164,521 to €179,521
of which Distributable reserves: +€15,000
- Trade debts +€13,611
up €13,611 (+20.6%), from €66,186 to €79,797
- Depreciation -€69,064
down €69,064 (-51.1%), from €135,061 to €65,998
- Staff costs +€47,982
up €47,982 (+14.4%), from €333,751 to €381,733
- Taxes +€5,745
up €5,745 (+270%), from €2,130 to €7,874
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.
Derived cash bridge
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 | €787,932 | €792,307 | +€4,375 | +0.6% |
| Fixed assets | 21/28 | €101,093 | €55,769 | -€45,324 | -44.8% |
| Tangible fixed assets | 22/27 | €100,743 | €55,419 | -€45,324 | -45.0% |
| Plant, machinery and equipment | 23 | €31,925 | €23,289 | -€8,636 | -27.1% |
| Furniture and vehicles | 24 | €6,743 | €14,008 | +€7,265 | +108% |
| Leasing and similar rights | 25 | €61,321 | €17,745 | -€43,576 | -71.1% |
| Other tangible fixed assets | 26 | €753 | €377 | -€377 | -50.0% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €686,840 | €736,539 | +€49,699 | +7.2% |
| Stocks and contracts in progress | 3 | €109,550 | €108,150 | -€1,400 | -1.3% |
| Stocks | 30/36 | €109,550 | €108,150 | -€1,400 | -1.3% |
| Amounts receivable within one year | 40/41 | €387,137 | €361,056 | -€26,080 | -6.7% |
| Trade receivables | 40 | €347,398 | €307,678 | -€39,720 | -11.4% |
| Other amounts receivable | 41 | €39,739 | €53,379 | +€13,640 | +34.3% |
| Cash at bank and in hand | 54/58 | €180,032 | €255,539 | +€75,507 | +41.9% |
| Deferred charges and accrued income | 490/1 | €10,121 | €11,793 | +€1,672 | +16.5% |
| Total equity and liabilities | 10/49 | €787,932 | €792,307 | +€4,375 | +0.6% |
| Equity | 10/15 | €618,872 | €637,035 | +€18,163 | +2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €164,521 | €179,521 | +€15,000 | +9.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €162,662 | €177,662 | +€15,000 | +9.2% |
| Profit (loss) carried forward | 14 | €435,759 | €438,922 | +€3,163 | +0.7% |
| Amounts payable | 17/49 | €169,060 | €155,273 | -€13,788 | -8.2% |
| Amounts payable after more than one year | 17 | €2,914 | - | -€2,914 | |
| Financial debts | 170/4 | €2,914 | - | -€2,914 | |
| Amounts payable within one year | 42/48 | €166,146 | €155,273 | -€10,873 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €19,083 | €2,579 | -€16,504 | -86.5% |
| Trade debts | 44 | €66,186 | €79,797 | +€13,611 | +20.6% |
| Suppliers | 440/4 | €66,186 | €79,797 | +€13,611 | +20.6% |
| Taxes, remuneration and social security | 45 | €73,573 | €72,897 | -€676 | -0.9% |
| Taxes | 450/3 | €72,018 | €72,897 | +€879 | +1.2% |
| Remuneration and social security | 454/9 | €1,555 | - | -€1,555 | |
| Other amounts payable | 47/48 | €7,304 | - | -€7,304 | |
| Remuneration, social security and pensions | 62 | €333,751 | €381,733 | +€47,982 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,061 | €65,998 | -€69,064 | -51.1% |
| Other operating charges | 640/8 | €6,354 | €4,298 | -€2,056 | -32.4% |
| Gross operating margin | 9900 | €480,940 | €479,239 | -€1,701 | -0.4% |
| Operating profit (loss) | 9901 | €5,774 | €27,210 | +€21,437 | +371% |
| Financial income | 75/76B | €1,396 | €472 | -€924 | -66.2% |
| Recurring financial income | 75 | €1,396 | €472 | -€924 | -66.2% |
| Financial charges | 65/66B | €2,773 | €1,646 | -€1,128 | -40.7% |
| Recurring financial charges | 65 | €2,773 | €1,646 | -€1,128 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €4,397 | €26,037 | +€21,640 | +492% |
| Income taxes | 67/77 | €2,130 | €7,874 | +€5,745 | +270% |
| Profit (loss) for the period | 9904 | €2,267 | €18,163 | +€15,896 | +701% |
| Profit (loss) for the period to be appropriated | 9905 | €2,267 | €18,163 | +€15,896 | +701% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.