BERDAOUI: 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.
BERDAOUI
Largest movements
- Receivables within one year +€149,740
up €149,740 (+77.0%), from €194,357 to €344,097
of which Other amounts receivable: +€149,740
- Cash +€26,358
up €26,358 (+193.8%), from €13,601 to €39,960
mainly Net result for the year (+€194,150) and Current portion of long-term debt (+€54,769)
- Tangible fixed assets +€20,246
up €20,246 (+1131.3%), from €1,790 to €22,035
- Current investments +€9,221
new in 2025: €9,221
- Profit (loss) carried forward +€194,150
up €194,150 (+98.3%), from €197,497 to €391,647
- Current portion of long-term debt +€54,769
up €54,769 (+155.7%), from €35,178 to €89,946
- Tax, wage and social debts -€28,005
down €28,005 (-73.6%), from €38,040 to €10,035
- Debts after one year -€14,603
down €14,603 (-5.1%), from €284,297 to €269,695
- Gross operating margin +€169,419
up €169,419 (+179.2%), from €94,562 to €263,980
- Taxes +€40,683
up €40,683 (+206.2%), from €19,726 to €60,409
- Financial charges +€10,024
up €10,024 (+306.7%), from €3,269 to €13,293
- Depreciation +€5,544
up €5,544 (+780.4%), from €710 to €6,254
- Financial income +€5,128
up €5,128 (+95.0%), from €5,398 to €10,526
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 | €560,155 | €765,313 | +€205,158 | +36.6% |
| Fixed assets | 21/28 | €351,790 | €372,035 | +€20,246 | +5.8% |
| Tangible fixed assets | 22/27 | €1,790 | €22,035 | +€20,246 | +1131.3% |
| Furniture and vehicles | 24 | €1,790 | €22,035 | +€20,246 | +1131.3% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €208,365 | €393,278 | +€184,912 | +88.7% |
| Amounts receivable within one year | 40/41 | €194,357 | €344,097 | +€149,740 | +77.0% |
| Trade receivables | 40 | €73,598 | €73,598 | = | 0.0% |
| Other amounts receivable | 41 | €120,759 | €270,499 | +€149,740 | +124.0% |
| Current investments | 50/53 | - | €9,221 | +€9,221 | |
| Cash at bank and in hand | 54/58 | €13,601 | €39,960 | +€26,358 | +193.8% |
| Deferred charges and accrued income | 490/1 | €407 | - | -€407 | |
| Total equity and liabilities | 10/49 | €560,155 | €765,313 | +€205,158 | +36.6% |
| Equity | 10/15 | €200,497 | €394,647 | +€194,150 | +96.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,497 | €391,647 | +€194,150 | +98.3% |
| Amounts payable | 17/49 | €359,658 | €370,666 | +€11,008 | +3.1% |
| Amounts payable after more than one year | 17 | €284,297 | €269,695 | -€14,603 | -5.1% |
| Financial debts | 170/4 | €284,297 | €269,695 | -€14,603 | -5.1% |
| Amounts payable within one year | 42/48 | €75,361 | €100,953 | +€25,592 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €35,178 | €89,946 | +€54,769 | +155.7% |
| Trade debts | 44 | €2,143 | €972 | -€1,172 | -54.7% |
| Suppliers | 440/4 | €2,143 | €972 | -€1,172 | -54.7% |
| Taxes, remuneration and social security | 45 | €38,040 | €10,035 | -€28,005 | -73.6% |
| Taxes | 450/3 | €38,040 | €10,035 | -€28,005 | -73.6% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €6,254 | +€5,544 | +780.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €94,562 | €263,980 | +€169,419 | +179.2% |
| Operating profit (loss) | 9901 | €93,464 | €257,326 | +€163,862 | +175.3% |
| Financial income | 75/76B | €5,398 | €10,526 | +€5,128 | +95.0% |
| Recurring financial income | 75 | €5,398 | €10,526 | +€5,128 | +95.0% |
| Financial charges | 65/66B | €3,269 | €13,293 | +€10,024 | +306.7% |
| Recurring financial charges | 65 | €3,269 | €13,293 | +€10,024 | +306.7% |
| Profit (loss) for the period before taxes | 9903 | €95,593 | €254,559 | +€158,966 | +166.3% |
| Income taxes | 67/77 | €19,726 | €60,409 | +€40,683 | +206.2% |
| Profit (loss) for the period | 9904 | €75,867 | €194,150 | +€118,284 | +155.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,867 | €194,150 | +€118,284 | +155.9% |
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 2 October 2026 via checked.be.