BERDA: 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.
BERDA
Largest movements
- Tangible fixed assets -€22,857
down €22,857 (-3.7%), from €610,655 to €587,798
- Cash -€9,725
down €9,725 (-68.0%), from €14,294 to €4,570
mainly Debts after one year (-€44,482) and Tax, wage and social debts (-€3,650)
- Debts after one year -€44,482
down €44,482 (-9.0%), from €493,795 to €449,312
of which Other amounts payable: -€30,000
- Reserves +€10,539
up €10,539 (+25.4%), from €41,446 to €51,985
of which Distributable reserves: +€10,539
- Gross operating margin +€960
up €960 (+2.3%), from €41,563 to €42,523
- Other operating charges -€682
down €682 (-24.6%), from €2,767 to €2,085
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 | €627,924 | €594,293 | -€33,631 | -5.4% |
| Fixed assets | 21/28 | €610,655 | €587,798 | -€22,857 | -3.7% |
| Tangible fixed assets | 22/27 | €610,655 | €587,798 | -€22,857 | -3.7% |
| Land and buildings | 22 | €610,655 | €587,798 | -€22,857 | -3.7% |
| Current assets | 29/58 | €17,269 | €6,495 | -€10,774 | -62.4% |
| Amounts receivable within one year | 40/41 | €2,974 | - | -€2,974 | |
| Other amounts receivable | 41 | €2,974 | - | -€2,974 | |
| Cash at bank and in hand | 54/58 | €14,294 | €4,570 | -€9,725 | -68.0% |
| Deferred charges and accrued income | 490/1 | - | €1,925 | +€1,925 | |
| Total equity and liabilities | 10/49 | €627,924 | €594,293 | -€33,631 | -5.4% |
| Equity | 10/15 | €111,446 | €121,985 | +€10,539 | +9.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €41,446 | €51,985 | +€10,539 | +25.4% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €40,846 | €51,385 | +€10,539 | +25.8% |
| Amounts payable | 17/49 | €516,477 | €472,308 | -€44,170 | -8.6% |
| Amounts payable after more than one year | 17 | €493,795 | €449,312 | -€44,482 | -9.0% |
| Financial debts | 170/4 | €68,157 | €53,675 | -€14,482 | -21.2% |
| Other amounts payable | 178/9 | €425,638 | €395,638 | -€30,000 | -7.0% |
| Amounts payable within one year | 42/48 | €22,683 | €22,995 | +€312 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €14,120 | €14,482 | +€362 | +2.6% |
| Taxes, remuneration and social security | 45 | €4,568 | €918 | -€3,650 | -79.9% |
| Taxes | 450/3 | €4,568 | €918 | -€3,650 | -79.9% |
| Other amounts payable | 47/48 | €3,995 | €7,595 | +€3,600 | +90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,857 | €22,857 | = | 0.0% |
| Other operating charges | 640/8 | €2,767 | €2,085 | -€682 | -24.6% |
| Gross operating margin | 9900 | €41,563 | €42,523 | +€960 | +2.3% |
| Operating profit (loss) | 9901 | €15,939 | €17,581 | +€1,641 | +10.3% |
| Financial charges | 65/66B | €2,450 | €2,124 | -€326 | -13.3% |
| Recurring financial charges | 65 | €2,450 | €2,124 | -€326 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €13,489 | €15,457 | +€1,968 | +14.6% |
| Income taxes | 67/77 | €4,568 | €4,918 | +€350 | +7.7% |
| Profit (loss) for the period | 9904 | €8,921 | €10,539 | +€1,617 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,921 | €10,539 | +€1,617 | +18.1% |
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 10 October 2026 via checked.be.