BERFAST: 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.
BERFAST
Largest movements
- Receivables within one year +€182,254
up €182,254 (+24.8%), from €735,854 to €918,108
of which Trade receivables: +€224,706
- Tangible fixed assets -€123,693
down €123,693 (-2.7%), from €4.6m to €4.4m
- Trade debts -€470,822
down €470,822 (-99.3%), from €473,927 to €3,105
- Reserves +€396,134
up €396,134 (+30.8%), from €1.3m to €1.7m
of which Distributable reserves: +€198,264
- Debts after one year +€158,994
up €158,994 (+5.1%), from €3.1m to €3.3m
of which Other amounts payable: +€418,665
- Other debts -€60,000
down €60,000 (-54.5%), from €110,000 to €50,000
- Taxes +€13,839
up €13,839 (+11.7%), from €117,989 to €131,827
- Financial charges +€12,862
up €12,862 (+12.4%), from €103,912 to €116,774
- Financial income +€11,934
up €11,934 (+189%), from €6,317 to €18,251
- Gross operating margin -€7,661
down €7,661 (-1.0%), from €764,636 to €756,975
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.
Derived cash bridge
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 | €5,328,395 | €5,358,397 | +€30,001 | +0.6% |
| Formation expenses | 20 | €0 | €0 | -€0 | -100% |
| Fixed assets | 21/28 | €4,559,725 | €4,436,032 | -€123,693 | -2.7% |
| Tangible fixed assets | 22/27 | €4,559,477 | €4,435,784 | -€123,693 | -2.7% |
| Land and buildings | 22 | €4,559,477 | €4,435,784 | -€123,693 | -2.7% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €768,670 | €922,364 | +€153,694 | +20.0% |
| Amounts receivable within one year | 40/41 | €735,854 | €918,108 | +€182,254 | +24.8% |
| Trade receivables | 40 | €238,796 | €463,503 | +€224,706 | +94.1% |
| Other amounts receivable | 41 | €497,058 | €454,605 | -€42,453 | -8.5% |
| Cash at bank and in hand | 54/58 | €26,826 | €1,257 | -€25,569 | -95.3% |
| Deferred charges and accrued income | 490/1 | €5,990 | €3,000 | -€2,990 | -49.9% |
| Total equity and liabilities | 10/49 | €5,328,395 | €5,358,397 | +€30,001 | +0.6% |
| Equity | 10/15 | €1,305,035 | €1,701,169 | +€396,134 | +30.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,285,035 | €1,681,169 | +€396,134 | +30.8% |
| Tax-exempt reserves | 132 | €168,400 | €366,270 | +€197,870 | +118% |
| Distributable reserves | 133 | €1,116,635 | €1,314,899 | +€198,264 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,023,360 | €3,657,228 | -€366,132 | -9.1% |
| Amounts payable after more than one year | 17 | €3,094,662 | €3,253,656 | +€158,994 | +5.1% |
| Financial debts | 170/4 | €2,661,597 | €2,401,925 | -€259,671 | -9.8% |
| Other amounts payable | 178/9 | €433,065 | €851,730 | +€418,665 | +96.7% |
| Amounts payable within one year | 42/48 | €927,843 | €403,573 | -€524,270 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €259,671 | €259,671 | = | 0.0% |
| Financial debts | 43 | - | €29,331 | +€29,331 | |
| Credit institutions | 430/8 | - | €29,331 | +€29,331 | |
| Trade debts | 44 | €473,927 | €3,105 | -€470,822 | -99.3% |
| Suppliers | 440/4 | €473,927 | €3,105 | -€470,822 | -99.3% |
| Taxes, remuneration and social security | 45 | €84,244 | €61,465 | -€22,779 | -27.0% |
| Taxes | 450/3 | €84,244 | €61,465 | -€22,779 | -27.0% |
| Other amounts payable | 47/48 | €110,000 | €50,000 | -€60,000 | -54.5% |
| Accrued charges and deferred income | 492/3 | €856 | €0 | -€856 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,615 | €129,305 | -€310 | -0.2% |
| Other operating charges | 640/8 | €1,177 | €1,186 | +€10 | +0.8% |
| Gross operating margin | 9900 | €764,636 | €756,975 | -€7,661 | -1.0% |
| Operating profit (loss) | 9901 | €633,844 | €626,484 | -€7,361 | -1.2% |
| Financial income | 75/76B | €6,317 | €18,251 | +€11,934 | +189% |
| Recurring financial income | 75 | €6,317 | €18,251 | +€11,934 | +189% |
| Financial charges | 65/66B | €103,912 | €116,774 | +€12,862 | +12.4% |
| Recurring financial charges | 65 | €103,912 | €116,774 | +€12,862 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €536,250 | €527,961 | -€8,289 | -1.5% |
| Income taxes | 67/77 | €117,989 | €131,827 | +€13,839 | +11.7% |
| Profit (loss) for the period | 9904 | €418,261 | €396,134 | -€22,128 | -5.3% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €197,870 | +€29,470 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €249,861 | €198,264 | -€51,598 | -20.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.