BERFICO: 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.
BERFICO
Largest movements
- Receivables within one year +€738,746
up €738,746 (+557.9%), from €132,426 to €871,173
of which Trade receivables: +€738,697
- Stocks and contracts -€460,964
no longer reported in 2025 (was €460,964)
- Tangible fixed assets +€29,008
up €29,008 (+106.2%), from €27,317 to €56,325
of which Land and buildings: +€54,541
- Deferred charges and accrued income -€15,438
down €15,438 (-94.1%), from €16,409 to €970
- Other debts +€577,342
up €577,342 (+286.8%), from €201,333 to €778,675
- Short-term financial debts -€285,575
down €285,575 (-85.1%), from €335,575 to €50,000
of which Other loans: -€235,575
- Debts after one year +€49,451
new in 2025: €49,451
- Profit (loss) carried forward -€33,843
down €33,843 (-293.3%), from -€11,537 to -€45,380
- Tax, wage and social debts -€15,093
down €15,093 (-99.1%), from €15,229 to €136
- Gross operating margin -€30,848
down €30,848, from €15,278 to -€15,570
- Depreciation -€4,707
down €4,707 (-58.8%), from €8,005 to €3,298
- Taxes -€4,365
down €4,365 (-97.0%), from €4,501 to €136
- Financial charges -€1,425
down €1,425 (-10.3%), from €13,902 to €12,476
of which Non-recurring financial charges: -€1,600
- Other operating charges +€1,255
up €1,255 (+36.3%), from €3,459 to €4,714
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 | €656,051 | €945,245 | +€289,194 | +44.1% |
| Formation expenses | 20 | €1,005 | €209 | -€796 | -79.2% |
| Fixed assets | 21/28 | €27,317 | €56,325 | +€29,008 | +106.2% |
| Tangible fixed assets | 22/27 | €27,317 | €56,325 | +€29,008 | +106.2% |
| Land and buildings | 22 | - | €54,541 | +€54,541 | |
| Plant, machinery and equipment | 23 | €2,212 | €417 | -€1,795 | -81.2% |
| Furniture and vehicles | 24 | €18,681 | €1,368 | -€17,313 | -92.7% |
| Other tangible fixed assets | 26 | €6,424 | - | -€6,424 | |
| Current assets | 29/58 | €627,729 | €888,711 | +€260,981 | +41.6% |
| Stocks and contracts in progress | 3 | €460,964 | - | -€460,964 | |
| Stocks | 30/36 | €460,964 | - | -€460,964 | |
| Amounts receivable within one year | 40/41 | €132,426 | €871,173 | +€738,746 | +557.9% |
| Trade receivables | 40 | €132,426 | €871,123 | +€738,697 | +557.8% |
| Other amounts receivable | 41 | - | €49 | +€49 | |
| Cash at bank and in hand | 54/58 | €17,930 | €16,568 | -€1,362 | -7.6% |
| Deferred charges and accrued income | 490/1 | €16,409 | €970 | -€15,438 | -94.1% |
| Total equity and liabilities | 10/49 | €656,051 | €945,245 | +€289,194 | +44.1% |
| Equity | 10/15 | €75,985 | €42,142 | -€33,843 | -44.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,323 | €81,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,463 | €79,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,537 | -€45,380 | -€33,843 | -293.3% |
| Amounts payable | 17/49 | €580,066 | €903,102 | +€323,037 | +55.7% |
| Amounts payable after more than one year | 17 | - | €49,451 | +€49,451 | |
| Financial debts | 170/4 | - | €49,451 | +€49,451 | |
| Amounts payable within one year | 42/48 | €580,066 | €852,911 | +€272,845 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,769 | +€4,769 | |
| Financial debts | 43 | €335,575 | €50,000 | -€285,575 | -85.1% |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Other loans | 439 | €285,575 | €50,000 | -€235,575 | -82.5% |
| Trade debts | 44 | €27,928 | €19,332 | -€8,596 | -30.8% |
| Suppliers | 440/4 | €27,928 | €19,332 | -€8,596 | -30.8% |
| Taxes, remuneration and social security | 45 | €15,229 | €136 | -€15,093 | -99.1% |
| Taxes | 450/3 | €15,229 | €136 | -€15,093 | -99.1% |
| Other amounts payable | 47/48 | €201,333 | €778,675 | +€577,342 | +286.8% |
| Accrued charges and deferred income | 492/3 | - | €740 | +€740 | |
| Non-recurring operating income | 76A | - | €771,096 | +€771,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,005 | €3,298 | -€4,707 | -58.8% |
| Other operating charges | 640/8 | €3,459 | €4,714 | +€1,255 | +36.3% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €15,278 | -€15,570 | -€30,848 | |
| Operating profit (loss) | 9901 | €3,814 | -€23,582 | -€27,395 | |
| Financial income | 75/76B | €3,052 | €2,351 | -€700 | -23.0% |
| Recurring financial income | 75 | €364 | €90 | -€274 | -75.3% |
| Non-recurring financial income | 76B | €2,687 | €2,261 | -€426 | -15.9% |
| Financial charges | 65/66B | €13,902 | €12,476 | -€1,425 | -10.3% |
| Recurring financial charges | 65 | €12,302 | €12,476 | +€175 | +1.4% |
| Non-recurring financial charges | 66B | €1,600 | - | -€1,600 | |
| Profit (loss) for the period before taxes | 9903 | -€7,037 | -€33,707 | -€26,671 | -379.0% |
| Income taxes | 67/77 | €4,501 | €136 | -€4,365 | -97.0% |
| Profit (loss) for the period | 9904 | -€11,537 | -€33,843 | -€22,305 | -193.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,537 | -€33,843 | -€22,305 | -193.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.