BERCOM: 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.
BERCOM
Largest movements
- Tangible fixed assets +€79,385
up €79,385 (+1502.2%), from €5,284 to €84,669
of which Furniture and vehicles: +€80,053
- Receivables within one year -€17,227
down €17,227 (-46.2%), from €37,310 to €20,083
of which Other amounts receivable: -€14,874
- Cash -€17,168
down €17,168 (-24.3%), from €70,534 to €53,366
mainly Investment in fixed assets (net) (-€83,812) and Contributions, distributions and other (-€19,241)
- Reserves +€23,665
up €23,665 (+24.0%), from €98,751 to €122,416
- Current portion of long-term debt +€14,850
new in 2025: €14,850
- Debts after one year +€12,718
new in 2025: €12,718
- Tax, wage and social debts -€5,307
down €5,307 (-100.0%), from €5,307 to €0
- Other debts -€4,608
down €4,608 (-56.7%), from €8,124 to €3,516
- Gross operating margin +€9,047
up €9,047 (+14.7%), from €61,624 to €70,671
- Taxes +€1,333
up €1,333 (+6.5%), from €20,361 to €21,694
- Financial income -€786
down €786 (-52.2%), from €1,505 to €719
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 | €125,127 | €169,932 | +€44,805 | +35.8% |
| Fixed assets | 21/28 | €5,284 | €84,669 | +€79,385 | +1502.2% |
| Tangible fixed assets | 22/27 | €5,284 | €84,669 | +€79,385 | +1502.2% |
| Land and buildings | 22 | €1,248 | €580 | -€668 | -53.5% |
| Furniture and vehicles | 24 | €1,725 | €81,778 | +€80,053 | +4641.3% |
| Other tangible fixed assets | 26 | €2,311 | €2,311 | = | 0.0% |
| Current assets | 29/58 | €119,843 | €85,263 | -€34,580 | -28.9% |
| Amounts receivable within one year | 40/41 | €37,310 | €20,083 | -€17,227 | -46.2% |
| Trade receivables | 40 | €17,620 | €15,267 | -€2,353 | -13.4% |
| Other amounts receivable | 41 | €19,690 | €4,816 | -€14,874 | -75.5% |
| Cash at bank and in hand | 54/58 | €70,534 | €53,366 | -€17,168 | -24.3% |
| Deferred charges and accrued income | 490/1 | €11,999 | €11,814 | -€186 | -1.5% |
| Total equity and liabilities | 10/49 | €125,127 | €169,932 | +€44,805 | +35.8% |
| Equity | 10/15 | €105,200 | €128,866 | +€23,665 | +22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,751 | €122,416 | +€23,665 | +24.0% |
| Distributable reserves | 133 | €98,751 | €122,416 | +€23,665 | +24.0% |
| Profit (loss) carried forward | 14 | €250 | €250 | = | 0.0% |
| Amounts payable | 17/49 | €19,927 | €41,066 | +€21,139 | +106.1% |
| Amounts payable after more than one year | 17 | - | €12,718 | +€12,718 | |
| Financial debts | 170/4 | - | €12,718 | +€12,718 | |
| Amounts payable within one year | 42/48 | €19,927 | €28,348 | +€8,421 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,850 | +€14,850 | |
| Trade debts | 44 | €6,496 | €9,862 | +€3,367 | +51.8% |
| Suppliers | 440/4 | €6,496 | €9,862 | +€3,367 | +51.8% |
| Advances received on contracts in progress | 46 | - | €120 | +€120 | |
| Taxes, remuneration and social security | 45 | €5,307 | €0 | -€5,307 | -100.0% |
| Taxes | 450/3 | €5,307 | €0 | -€5,307 | -100.0% |
| Other amounts payable | 47/48 | €8,124 | €3,516 | -€4,608 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,590 | €4,427 | -€163 | -3.5% |
| Other operating charges | 640/8 | €1,470 | €1,694 | +€224 | +15.3% |
| Gross operating margin | 9900 | €61,624 | €70,671 | +€9,047 | +14.7% |
| Operating profit (loss) | 9901 | €55,565 | €64,550 | +€8,985 | +16.2% |
| Financial income | 75/76B | €1,505 | €719 | -€786 | -52.2% |
| Recurring financial income | 75 | €1,505 | €719 | -€786 | -52.2% |
| Financial charges | 65/66B | €301 | €668 | +€367 | +122.0% |
| Recurring financial charges | 65 | €301 | €668 | +€367 | +122.0% |
| Profit (loss) for the period before taxes | 9903 | €56,769 | €64,601 | +€7,833 | +13.8% |
| Income taxes | 67/77 | €20,361 | €21,694 | +€1,333 | +6.5% |
| Profit (loss) for the period | 9904 | €36,407 | €42,907 | +€6,500 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,407 | €42,907 | +€6,500 | +17.9% |
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.