BERCO: 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.
BERCO
Largest movements
- Receivables within one year +€42,434
up €42,434 (+379%), from €11,183 to €53,616
of which Trade receivables: +€30,230
- Tangible fixed assets +€28,981
up €28,981 (+1,289%), from €2,248 to €31,229
of which Leasing and similar rights: +€29,520
- Cash +€13,864
up €13,864 (+61.8%), from €22,433 to €36,297
mainly Debts after one year (+€38,371) and Net result for the year (+€24,471)
- Stocks and contracts +€10,120
up €10,120 (+61.6%), from €16,420 to €26,540
- Debts after one year +€38,371
new in 2025: €38,371
- Profit (loss) carried forward +€24,471
up €24,471 (+1,714%), from €1,427 to €25,898
- Trade debts +€24,047
up €24,047 (+77.9%), from €30,885 to €54,931
- Current portion of long-term debt +€6,136
new in 2025: €6,136
- Gross operating margin +€29,827
up €29,827 (+933%), from €3,197 to €33,025
- Depreciation +€4,055
up €4,055 (+907%), from €447 to €4,502
- Financial charges +€1,326
up €1,326 (+1,057%), from €125 to €1,452
- Other operating charges +€721
up €721 (+126%), from €574 to €1,295
- Taxes +€682
up €682 (+109%), from €624 to €1,306
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 | €52,936 | €148,420 | +€95,484 | +180% |
| Fixed assets | 21/28 | €2,248 | €31,229 | +€28,981 | +1,289% |
| Tangible fixed assets | 22/27 | €2,248 | €31,229 | +€28,981 | +1,289% |
| Plant, machinery and equipment | 23 | €2,248 | €1,709 | -€539 | -24.0% |
| Leasing and similar rights | 25 | - | €29,520 | +€29,520 | |
| Current assets | 29/58 | €50,688 | €117,191 | +€66,503 | +131% |
| Stocks and contracts in progress | 3 | €16,420 | €26,540 | +€10,120 | +61.6% |
| Stocks | 30/36 | €16,420 | €26,540 | +€10,120 | +61.6% |
| Amounts receivable within one year | 40/41 | €11,183 | €53,616 | +€42,434 | +379% |
| Trade receivables | 40 | €7,781 | €38,010 | +€30,230 | +389% |
| Other amounts receivable | 41 | €3,402 | €15,606 | +€12,204 | +359% |
| Cash at bank and in hand | 54/58 | €22,433 | €36,297 | +€13,864 | +61.8% |
| Deferred charges and accrued income | 490/1 | €652 | €738 | +€85 | +13.0% |
| Total equity and liabilities | 10/49 | €52,936 | €148,420 | +€95,484 | +180% |
| Equity | 10/15 | €16,427 | €40,898 | +€24,471 | +149% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,427 | €25,898 | +€24,471 | +1,714% |
| Amounts payable | 17/49 | €36,508 | €107,521 | +€71,013 | +195% |
| Amounts payable after more than one year | 17 | - | €38,371 | +€38,371 | |
| Financial debts | 170/4 | - | €38,371 | +€38,371 | |
| Amounts payable within one year | 42/48 | €36,508 | €69,151 | +€32,642 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,136 | +€6,136 | |
| Trade debts | 44 | €30,885 | €54,931 | +€24,047 | +77.9% |
| Suppliers | 440/4 | €30,885 | €54,931 | +€24,047 | +77.9% |
| Taxes, remuneration and social security | 45 | €624 | €1,750 | +€1,126 | +181% |
| Taxes | 450/3 | €624 | €1,750 | +€1,126 | +181% |
| Other amounts payable | 47/48 | €5,000 | €6,334 | +€1,334 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447 | €4,502 | +€4,055 | +907% |
| Other operating charges | 640/8 | €574 | €1,295 | +€721 | +126% |
| Gross operating margin | 9900 | €3,197 | €33,025 | +€29,827 | +933% |
| Operating profit (loss) | 9901 | €2,176 | €27,227 | +€25,051 | +1,151% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7,600% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7,600% |
| Financial charges | 65/66B | €125 | €1,452 | +€1,326 | +1,057% |
| Recurring financial charges | 65 | €125 | €1,452 | +€1,326 | +1,057% |
| Profit (loss) for the period before taxes | 9903 | €2,051 | €25,777 | +€23,726 | +1,157% |
| Income taxes | 67/77 | €624 | €1,306 | +€682 | +109% |
| Profit (loss) for the period | 9904 | €1,427 | €24,471 | +€23,044 | +1,614% |
| Profit (loss) for the period to be appropriated | 9905 | €1,427 | €24,471 | +€23,044 | +1,614% |
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 19 October 2026 via checked.be.