BERDIFF: 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.
BERDIFF
Largest movements
- Tangible fixed assets +€248,807
up €248,807 (+24.2%), from €1.0m to €1.3m
of which Land and buildings: +€238,923
- Receivables within one year -€35,173
down €35,173 (-19.0%), from €185,354 to €150,181
of which Other amounts receivable: -€81,704
- Debts after one year +€317,118
up €317,118 (+40.0%), from €792,802 to €1.1m
of which Financial debts: +€219,160
- Profit (loss) carried forward -€80,131
new in 2025: -€80,131
- Trade debts -€45,968
down €45,968 (-17.4%), from €263,453 to €217,485
- Tax, wage and social debts +€31,128
up €31,128 (+35.8%), from €87,012 to €118,141
of which Remuneration and social security: +€21,277
- Reserves -€24,941
down €24,941 (-80.1%), from €31,141 to €6,200
of which Distributable reserves: -€24,941
- Staff costs +€48,745
up €48,745 (+11.7%), from €417,816 to €466,562
- Financial charges +€40,569
up €40,569 (+73.7%), from €55,015 to €95,584
- Gross operating margin +€25,730
up €25,730 (+4.5%), from €572,943 to €598,673
- Depreciation +€22,225
up €22,225 (+34.7%), from €64,116 to €86,341
- Other operating charges +€11,211
up €11,211 (+63.5%), from €17,656 to €28,868
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 | €1,313,206 | €1,518,313 | +€205,107 | +15.6% |
| Fixed assets | 21/28 | €1,030,147 | €1,281,948 | +€251,801 | +24.4% |
| Tangible fixed assets | 22/27 | €1,029,271 | €1,278,078 | +€248,807 | +24.2% |
| Land and buildings | 22 | €949,309 | €1,188,232 | +€238,923 | +25.2% |
| Plant, machinery and equipment | 23 | €35,936 | €41,447 | +€5,511 | +15.3% |
| Furniture and vehicles | 24 | €16,435 | €10,285 | -€6,151 | -37.4% |
| Leasing and similar rights | 25 | €25,091 | €38,115 | +€13,024 | +51.9% |
| Assets under construction and advance payments | 27 | €2,500 | - | -€2,500 | |
| Financial fixed assets | 28 | €876 | €3,870 | +€2,994 | +341.8% |
| Current assets | 29/58 | €283,058 | €236,364 | -€46,694 | -16.5% |
| Stocks and contracts in progress | 3 | €34,532 | €28,722 | -€5,810 | -16.8% |
| Stocks | 30/36 | €34,532 | €28,722 | -€5,810 | -16.8% |
| Amounts receivable within one year | 40/41 | €185,354 | €150,181 | -€35,173 | -19.0% |
| Trade receivables | 40 | €87,961 | €134,493 | +€46,532 | +52.9% |
| Other amounts receivable | 41 | €97,393 | €15,689 | -€81,704 | -83.9% |
| Cash at bank and in hand | 54/58 | €60,062 | €55,209 | -€4,853 | -8.1% |
| Deferred charges and accrued income | 490/1 | €3,111 | €2,252 | -€859 | -27.6% |
| Total equity and liabilities | 10/49 | €1,313,206 | €1,518,313 | +€205,107 | +15.6% |
| Equity | 10/15 | €93,141 | -€11,931 | -€105,071 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €31,141 | €6,200 | -€24,941 | -80.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €24,941 | - | -€24,941 | |
| Profit (loss) carried forward | 14 | - | -€80,131 | -€80,131 | |
| Amounts payable | 17/49 | €1,220,065 | €1,530,243 | +€310,178 | +25.4% |
| Amounts payable after more than one year | 17 | €792,802 | €1,109,921 | +€317,118 | +40.0% |
| Financial debts | 170/4 | €792,802 | €1,011,962 | +€219,160 | +27.6% |
| Trade debts | 175 | - | €97,959 | +€97,959 | |
| Amounts payable within one year | 42/48 | €424,527 | €416,816 | -€7,711 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €49,914 | €63,955 | +€14,040 | +28.1% |
| Financial debts | 43 | €24,146 | €12,291 | -€11,856 | -49.1% |
| Credit institutions | 430/8 | €24,146 | €12,291 | -€11,856 | -49.1% |
| Trade debts | 44 | €263,453 | €217,485 | -€45,968 | -17.4% |
| Suppliers | 440/4 | €263,453 | €217,485 | -€45,968 | -17.4% |
| Advances received on contracts in progress | 46 | - | €1,171 | +€1,171 | |
| Taxes, remuneration and social security | 45 | €87,012 | €118,141 | +€31,128 | +35.8% |
| Taxes | 450/3 | €8,166 | €18,017 | +€9,851 | +120.6% |
| Remuneration and social security | 454/9 | €78,847 | €100,124 | +€21,277 | +27.0% |
| Other amounts payable | 47/48 | - | €3,773 | +€3,773 | |
| Accrued charges and deferred income | 492/3 | €2,736 | €3,507 | +€771 | +28.2% |
| Non-recurring operating income | 76A | €718 | €2,102 | +€1,384 | +192.8% |
| Remuneration, social security and pensions | 62 | €417,816 | €466,562 | +€48,745 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,116 | €86,341 | +€22,225 | +34.7% |
| Other operating charges | 640/8 | €17,656 | €28,868 | +€11,211 | +63.5% |
| Non-recurring operating charges | 66A | €636 | €26,694 | +€26,058 | +4095.6% |
| Gross operating margin | 9900 | €572,943 | €598,673 | +€25,730 | +4.5% |
| Operating profit (loss) | 9901 | €72,719 | -€9,791 | -€82,509 | |
| Financial income | 75/76B | €4,232 | €549 | -€3,683 | -87.0% |
| Recurring financial income | 75 | €4,232 | €549 | -€3,683 | -87.0% |
| Financial charges | 65/66B | €55,015 | €95,584 | +€40,569 | +73.7% |
| Recurring financial charges | 65 | €55,015 | €95,584 | +€40,569 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €21,935 | -€104,826 | -€126,761 | |
| Income taxes | 67/77 | €6,254 | €246 | -€6,008 | -96.1% |
| Profit (loss) for the period | 9904 | €15,681 | -€105,071 | -€120,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,681 | -€105,071 | -€120,753 |
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.