BERCOWORKS: 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.
BERCOWORKS
Largest movements
- Tangible fixed assets -€11,489
down €11,489 (-4.4%), from €258,707 to €247,217
of which Land and buildings: -€9,509
- Receivables within one year -€3,923
down €3,923 (-43.0%), from €9,124 to €5,201
of which Trade receivables: -€3,738
- Other debts -€23,808
down €23,808 (-14.8%), from €160,903 to €137,095
- Reserves +€9,561
up €9,561 (+9.9%), from €96,246 to €105,806
of which Distributable reserves: +€39,760
- Gross operating margin -€17,367
down €17,367 (-37.6%), from €46,228 to €28,861
- Taxes -€4,027
down €4,027 (-37.8%), from €10,657 to €6,630
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 | €344,872 | €327,009 | -€17,863 | -5.2% |
| Fixed assets | 21/28 | €258,707 | €247,217 | -€11,489 | -4.4% |
| Tangible fixed assets | 22/27 | €258,707 | €247,217 | -€11,489 | -4.4% |
| Land and buildings | 22 | €256,123 | €246,613 | -€9,509 | -3.7% |
| Plant, machinery and equipment | 23 | €1,900 | €559 | -€1,341 | -70.6% |
| Furniture and vehicles | 24 | €684 | €45 | -€639 | -93.4% |
| Current assets | 29/58 | €86,166 | €79,792 | -€6,374 | -7.4% |
| Amounts receivable within one year | 40/41 | €9,124 | €5,201 | -€3,923 | -43.0% |
| Trade receivables | 40 | €8,939 | €5,201 | -€3,738 | -41.8% |
| Other amounts receivable | 41 | €185 | - | -€185 | |
| Current investments | 50/53 | €43,516 | €43,516 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,292 | €30,765 | -€2,528 | -7.6% |
| Deferred charges and accrued income | 490/1 | €234 | €311 | +€77 | +32.9% |
| Total equity and liabilities | 10/49 | €344,872 | €327,009 | -€17,863 | -5.2% |
| Equity | 10/15 | €137,033 | €146,594 | +€9,561 | +7.0% |
| Reserves | 13 | €96,246 | €105,806 | +€9,561 | +9.9% |
| Tax-exempt reserves | 132 | €96,246 | €66,046 | -€30,199 | -31.4% |
| Distributable reserves | 133 | - | €39,760 | +€39,760 | |
| Profit (loss) carried forward | 14 | €40,788 | €40,788 | = | 0.0% |
| Provisions and deferred taxes | 16 | €33,547 | €32,530 | -€1,016 | -3.0% |
| Deferred taxes | 168 | €33,547 | €32,530 | -€1,016 | -3.0% |
| Amounts payable | 17/49 | €174,293 | €147,885 | -€26,408 | -15.2% |
| Amounts payable within one year | 42/48 | €174,293 | €147,885 | -€26,408 | -15.2% |
| Trade debts | 44 | €4,938 | €3,202 | -€1,736 | -35.2% |
| Suppliers | 440/4 | €4,938 | €3,202 | -€1,736 | -35.2% |
| Advances received on contracts in progress | 46 | - | €660 | +€660 | |
| Taxes, remuneration and social security | 45 | €8,452 | €6,928 | -€1,524 | -18.0% |
| Taxes | 450/3 | €8,452 | €6,928 | -€1,524 | -18.0% |
| Other amounts payable | 47/48 | €160,903 | €137,095 | -€23,808 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,489 | €11,489 | = | 0.0% |
| Other operating charges | 640/8 | €2,679 | €2,650 | -€29 | -1.1% |
| Gross operating margin | 9900 | €46,228 | €28,861 | -€17,367 | -37.6% |
| Operating profit (loss) | 9901 | €32,060 | €14,721 | -€17,338 | -54.1% |
| Financial income | 75/76B | €494 | €616 | +€121 | +24.6% |
| Recurring financial income | 75 | €494 | €616 | +€121 | +24.6% |
| Financial charges | 65/66B | €589 | €162 | -€427 | -72.5% |
| Recurring financial charges | 65 | €589 | €162 | -€427 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €31,965 | €15,175 | -€16,790 | -52.5% |
| Transfer from deferred taxes | 780 | €1,016 | €1,016 | = | 0.0% |
| Income taxes | 67/77 | €10,657 | €6,630 | -€4,027 | -37.8% |
| Profit (loss) for the period | 9904 | €22,324 | €9,561 | -€12,763 | -57.2% |
| Transfer from tax-exempt reserves | 789 | €2,063 | €2,063 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,388 | €11,624 | -€12,763 | -52.3% |
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 5 October 2026 via checked.be.