BERF: 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.
BERF
Largest movements
- Receivables within one year +€40,724
up €40,724 (+186.5%), from €21,837 to €62,561
of which Other amounts receivable: +€52,614
- Tangible fixed assets -€22,020
down €22,020 (-45.1%), from €48,861 to €26,841
of which Furniture and vehicles: -€21,524
- Cash -€3,529
down €3,529 (-5.1%), from €68,546 to €65,018
mainly Receivables within one year (-€40,724) and Debts after one year (-€13,123)
- Tax, wage and social debts +€18,056
up €18,056 (+74.2%), from €24,328 to €42,384
of which Remuneration and social security: +€12,990
- Debts after one year -€13,123
down €13,123 (-48.1%), from €27,307 to €14,183
- Trade debts +€6,098
up €6,098 (+136.9%), from €4,456 to €10,553
- Profit (loss) carried forward +€5,632
up €5,632 (+8.5%), from €66,335 to €71,968
- Current portion of long-term debt -€1,807
down €1,807 (-15.6%), from €11,597 to €9,790
- Staff costs +€47,254
up €47,254 (+191.9%), from €24,630 to €71,885
- Purchases and services +€37,664
up €37,664 (+35.9%), from €104,951 to €142,615
- Gross operating margin -€26,581
down €26,581 (-20.3%), from €131,135 to €104,554
- Taxes -€15,208
down €15,208 (-89.5%), from €16,999 to €1,792
- Turnover +€5,759
up €5,759 (+2.4%), from €236,068 to €241,827
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 | €140,318 | €154,878 | +€14,560 | +10.4% |
| Fixed assets | 21/28 | €49,935 | €27,300 | -€22,635 | -45.3% |
| Intangible fixed assets | 21 | €1,074 | €459 | -€615 | -57.3% |
| Tangible fixed assets | 22/27 | €48,861 | €26,841 | -€22,020 | -45.1% |
| Plant, machinery and equipment | 23 | €1,236 | €740 | -€496 | -40.1% |
| Furniture and vehicles | 24 | €47,625 | €26,101 | -€21,524 | -45.2% |
| Current assets | 29/58 | €90,383 | €127,578 | +€37,195 | +41.2% |
| Amounts receivable within one year | 40/41 | €21,837 | €62,561 | +€40,724 | +186.5% |
| Trade receivables | 40 | €20,374 | €8,483 | -€11,891 | -58.4% |
| Other amounts receivable | 41 | €1,463 | €54,078 | +€52,614 | +3595.9% |
| Cash at bank and in hand | 54/58 | €68,546 | €65,018 | -€3,529 | -5.1% |
| Total equity and liabilities | 10/49 | €140,318 | €154,878 | +€14,560 | +10.4% |
| Equity | 10/15 | €72,335 | €77,968 | +€5,632 | +7.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,335 | €71,968 | +€5,632 | +8.5% |
| Amounts payable | 17/49 | €67,983 | €76,911 | +€8,928 | +13.1% |
| Amounts payable after more than one year | 17 | €27,307 | €14,183 | -€13,123 | -48.1% |
| Financial debts | 170/4 | €27,307 | €14,183 | -€13,123 | -48.1% |
| Amounts payable within one year | 42/48 | €40,676 | €62,727 | +€22,051 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €11,597 | €9,790 | -€1,807 | -15.6% |
| Trade debts | 44 | €4,456 | €10,553 | +€6,098 | +136.9% |
| Suppliers | 440/4 | €4,456 | €10,553 | +€6,098 | +136.9% |
| Taxes, remuneration and social security | 45 | €24,328 | €42,384 | +€18,056 | +74.2% |
| Taxes | 450/3 | €17,865 | €22,932 | +€5,066 | +28.4% |
| Remuneration and social security | 454/9 | €6,462 | €19,452 | +€12,990 | +201.0% |
| Other amounts payable | 47/48 | €295 | - | -€295 | |
| Turnover | 70 | €236,068 | €241,827 | +€5,759 | +2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,951 | €142,615 | +€37,664 | +35.9% |
| Remuneration, social security and pensions | 62 | €24,630 | €71,885 | +€47,254 | +191.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,970 | €22,635 | +€4,665 | +26.0% |
| Other operating charges | 640/8 | €4,279 | €2,017 | -€2,262 | -52.9% |
| Gross operating margin | 9900 | €131,135 | €104,554 | -€26,581 | -20.3% |
| Operating profit (loss) | 9901 | €84,255 | €8,018 | -€76,238 | -90.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €920 | €595 | -€326 | -35.4% |
| Recurring financial charges | 65 | €920 | €595 | -€326 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €83,335 | €7,424 | -€75,911 | -91.1% |
| Income taxes | 67/77 | €16,999 | €1,792 | -€15,208 | -89.5% |
| Profit (loss) for the period | 9904 | €66,335 | €5,632 | -€60,703 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,335 | €5,632 | -€60,703 | -91.5% |
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 30 September 2026 via checked.be.