BERC: 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.
BERC
Largest movements
- Cash -€70,804
down €70,804 (-45.9%), from €154,181 to €83,377
mainly Contributions, distributions and other (-€117,647) and Current investments (-€55,000)
- Current investments +€55,000
new in 2025: €55,000
- Tangible fixed assets -€19,889
down €19,889 (-13.5%), from €147,572 to €127,683
- Stocks and contracts +€4,222
up €4,222 (+63.1%), from €6,691 to €10,913
- Debts after one year -€25,583
down €25,583 (-72.4%), from €35,335 to €9,752
- Tax, wage and social debts +€4,244
up €4,244 (+26.0%), from €16,327 to €20,572
of which Remuneration and social security: +€3,611
- Current portion of long-term debt -€3,385
down €3,385 (-11.7%), from €28,968 to €25,583
- Gross operating margin +€69,620
up €69,620 (+33.6%), from €207,227 to €276,847
- Staff costs +€37,009
up €37,009 (+63.1%), from €58,615 to €95,624
- Taxes +€9,691
up €9,691 (+40.3%), from €24,040 to €33,731
- Depreciation +€4,573
up €4,573 (+29.9%), from €15,316 to €19,889
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 | €331,619 | €301,724 | -€29,895 | -9.0% |
| Fixed assets | 21/28 | €158,000 | €138,111 | -€19,889 | -12.6% |
| Tangible fixed assets | 22/27 | €147,572 | €127,683 | -€19,889 | -13.5% |
| Land and buildings | 22 | €60,887 | €55,504 | -€5,383 | -8.8% |
| Plant, machinery and equipment | 23 | €22,441 | €16,557 | -€5,884 | -26.2% |
| Furniture and vehicles | 24 | €4,083 | €2,594 | -€1,489 | -36.5% |
| Other tangible fixed assets | 26 | €60,161 | €53,028 | -€7,133 | -11.9% |
| Financial fixed assets | 28 | €10,428 | €10,428 | = | 0.0% |
| Current assets | 29/58 | €173,620 | €163,614 | -€10,006 | -5.8% |
| Stocks and contracts in progress | 3 | €6,691 | €10,913 | +€4,222 | +63.1% |
| Stocks | 30/36 | €6,691 | €10,913 | +€4,222 | +63.1% |
| Amounts receivable within one year | 40/41 | €9,800 | €8,232 | -€1,568 | -16.0% |
| Trade receivables | 40 | €7,216 | €7,772 | +€556 | +7.7% |
| Other amounts receivable | 41 | €2,584 | €460 | -€2,124 | -82.2% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €154,181 | €83,377 | -€70,804 | -45.9% |
| Deferred charges and accrued income | 490/1 | €2,949 | €6,092 | +€3,144 | +106.6% |
| Total equity and liabilities | 10/49 | €331,619 | €301,724 | -€29,895 | -9.0% |
| Equity | 10/15 | €228,102 | €224,846 | -€3,255 | -1.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €225,081 | €221,846 | -€3,235 | -1.4% |
| Distributable reserves | 133 | €225,081 | €221,846 | -€3,235 | -1.4% |
| Profit (loss) carried forward | 14 | €20 | - | -€20 | |
| Amounts payable | 17/49 | €103,518 | €76,878 | -€26,639 | -25.7% |
| Amounts payable after more than one year | 17 | €35,335 | €9,752 | -€25,583 | -72.4% |
| Financial debts | 170/4 | €35,335 | €9,752 | -€25,583 | -72.4% |
| Amounts payable within one year | 42/48 | €68,183 | €67,126 | -€1,057 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €28,968 | €25,583 | -€3,385 | -11.7% |
| Trade debts | 44 | €13,956 | €12,040 | -€1,916 | -13.7% |
| Suppliers | 440/4 | €13,956 | €12,040 | -€1,916 | -13.7% |
| Taxes, remuneration and social security | 45 | €16,327 | €20,572 | +€4,244 | +26.0% |
| Taxes | 450/3 | €11,020 | €11,654 | +€633 | +5.7% |
| Remuneration and social security | 454/9 | €5,307 | €8,918 | +€3,611 | +68.0% |
| Other amounts payable | 47/48 | €8,932 | €8,932 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €58,615 | €95,624 | +€37,009 | +63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,316 | €19,889 | +€4,573 | +29.9% |
| Other operating charges | 640/8 | €236 | €240 | +€4 | +1.7% |
| Gross operating margin | 9900 | €207,227 | €276,847 | +€69,620 | +33.6% |
| Operating profit (loss) | 9901 | €133,061 | €161,094 | +€28,034 | +21.1% |
| Financial income | 75/76B | - | €332 | +€332 | |
| Recurring financial income | 75 | - | €332 | +€332 | |
| Financial charges | 65/66B | €12,939 | €13,304 | +€365 | +2.8% |
| Recurring financial charges | 65 | €11,290 | €13,304 | +€2,013 | +17.8% |
| Non-recurring financial charges | 66B | €1,648 | - | -€1,648 | |
| Profit (loss) for the period before taxes | 9903 | €120,122 | €148,123 | +€28,001 | +23.3% |
| Income taxes | 67/77 | €24,040 | €33,731 | +€9,691 | +40.3% |
| Profit (loss) for the period | 9904 | €96,082 | €114,392 | +€18,310 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,082 | €114,392 | +€18,310 | +19.1% |
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 8 October 2026 via checked.be.