Bercopar: 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
Bercopar
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€305,891
2024 · -€94,157-€211,734
Equity
€11.6m
2024 · €2.5m+€9.1m
Cash
€343,456
2024 · €19,014+€324,442
Balance sheet total
€21.7m
2024 · €12.4m+€9.3m
Largest movements
Assets
- Tangible fixed assets +€9.1m
up €9.1m (+74.2%), from €12.2m to €21.3m
of which Land and buildings: +€9.2m
- Cash +€324,442
up €324,442 (+1706.4%), from €19,014 to €343,456
mainly Contributions, distributions and other (+€9.4m) and Depreciation (+€582,806)
Equity and liabilities
- Revaluation surpluses +€9.4m
new in 2025: €9.4m
- Profit (loss) carried forward -€305,891
down €305,891 (-39.4%), from -€776,510 to -€1.1m
Income statement
- Gross operating margin -€249,982
down €249,982 (-20.6%), from €1.2m to €960,643
- Staff costs -€26,301
down €26,301 (-14.0%), from €188,293 to €161,992
- Taxes -€20,131
down €20,131 (-96.3%), from €20,898 to €767
- Financial charges +€18,381
up €18,381 (+3.8%), from €482,869 to €501,250
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
-€94,157
Gross operating margin
-€249,982
Staff costs
+€26,301
Depreciation
+€5,892
Other operating charges
+€3,713
Financial income
+€593
Financial charges
-€18,381
Taxes
+€20,131
Result 2025
-€305,891
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
+€422,529
Investment
-€9.7m
Financing
+€9.6m
Cash 2024
€19,014
From operations (derived)
+€422,529
Net result for the year
-€305,891
Depreciation
+€582,806
Receivables within one year
+€108,239
Smaller working-capital items
+€6,571
Tax, wage and social debts
+€30,804
Investment (derived)
-€9.7m
Investment in fixed assets (net)
-€9.7m
Financing
+€9.6m
Debts after one year
+€152,990
Contributions, distributions and other
+€9.4m
Cash 2025
€343,456
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,426,670 | €21,701,852 | +€9.3m | +74.6% |
| Fixed assets | 21/28 | €12,220,305 | €21,288,210 | +€9.1m | +74.2% |
| Tangible fixed assets | 22/27 | €12,220,055 | €21,287,960 | +€9.1m | +74.2% |
| Land and buildings | 22 | €11,682,742 | €20,886,452 | +€9.2m | +78.8% |
| Plant, machinery and equipment | 23 | €17,077 | €16,867 | -€209 | -1.2% |
| Furniture and vehicles | 24 | €277,639 | €232,974 | -€44,665 | -16.1% |
| Other tangible fixed assets | 26 | €242,596 | €151,666 | -€90,931 | -37.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €206,365 | €413,642 | +€207,277 | +100.4% |
| Amounts receivable within one year | 40/41 | €141,508 | €33,268 | -€108,239 | -76.5% |
| Trade receivables | 40 | €128,068 | €26,126 | -€101,942 | -79.6% |
| Other amounts receivable | 41 | €13,440 | €7,143 | -€6,297 | -46.9% |
| Cash at bank and in hand | 54/58 | €19,014 | €343,456 | +€324,442 | +1706.4% |
| Deferred charges and accrued income | 490/1 | €45,844 | €36,917 | -€8,926 | -19.5% |
| Total equity and liabilities | 10/49 | €12,426,670 | €21,701,852 | +€9.3m | +74.6% |
| Equity | 10/15 | €2,499,417 | €11,593,161 | +€9.1m | +363.8% |
| Contributions | 10/11 | €3,130,198 | €3,130,198 | = | 0.0% |
| Capital | 10 | €3,037,400 | €3,037,400 | = | 0.0% |
| Issued capital | 100 | €3,037,400 | €3,037,400 | = | 0.0% |
| Outside capital | 11 | €92,798 | €92,798 | = | 0.0% |
| Share premium | 1100/10 | €92,798 | €92,798 | = | 0.0% |
| Revaluation surpluses | 12 | - | €9,399,634 | +€9.4m | |
| Reserves | 13 | €145,728 | €145,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €145,728 | €145,728 | = | 0.0% |
| Legal reserve | 130 | €145,728 | €145,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€776,510 | -€1,082,401 | -€305,891 | -39.4% |
| Amounts payable | 17/49 | €9,927,253 | €10,108,691 | +€181,438 | +1.8% |
| Amounts payable after more than one year | 17 | €9,262,563 | €9,415,553 | +€152,990 | +1.7% |
| Financial debts | 170/4 | €9,262,563 | €9,415,553 | +€152,990 | +1.7% |
| Amounts payable within one year | 42/48 | €213,107 | €221,671 | +€8,564 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €114,950 | €114,950 | = | 0.0% |
| Trade debts | 44 | €40,559 | €28,896 | -€11,663 | -28.8% |
| Suppliers | 440/4 | €40,559 | €28,896 | -€11,663 | -28.8% |
| Taxes, remuneration and social security | 45 | €45,808 | €76,612 | +€30,804 | +67.2% |
| Taxes | 450/3 | €24,122 | €64,473 | +€40,350 | +167.3% |
| Remuneration and social security | 454/9 | €21,686 | €12,139 | -€9,547 | -44.0% |
| Other amounts payable | 47/48 | €11,790 | €1,213 | -€10,577 | -89.7% |
| Accrued charges and deferred income | 492/3 | €451,582 | €471,467 | +€19,884 | +4.4% |
| Remuneration, social security and pensions | 62 | €188,293 | €161,992 | -€26,301 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €588,698 | €582,806 | -€5,892 | -1.0% |
| Other operating charges | 640/8 | €24,024 | €20,311 | -€3,713 | -15.5% |
| Gross operating margin | 9900 | €1,210,625 | €960,643 | -€249,982 | -20.6% |
| Operating profit (loss) | 9901 | €409,610 | €195,533 | -€214,077 | -52.3% |
| Financial income | 75/76B | €0 | €593 | +€593 | |
| Recurring financial income | 75 | €0 | €593 | +€593 | |
| Financial charges | 65/66B | €482,869 | €501,250 | +€18,381 | +3.8% |
| Recurring financial charges | 65 | €482,869 | €501,250 | +€18,381 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€73,259 | -€305,124 | -€231,865 | -316.5% |
| Income taxes | 67/77 | €20,898 | €767 | -€20,131 | -96.3% |
| Profit (loss) for the period | 9904 | -€94,157 | -€305,891 | -€211,734 | -224.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,157 | -€305,891 | -€211,734 | -224.9% |
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 7 October 2026 via checked.be.