BERFO: 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.
BERFO
Largest movements
- Tangible fixed assets +€15,503
up €15,503 (+87.9%), from €17,628 to €33,131
of which Furniture and vehicles: +€14,640
- Cash +€10,725
up €10,725 (+31.6%), from €33,921 to €44,646
mainly Tax, wage and social debts (+€11,104) and Receivables within one year (+€9,039)
- Receivables within one year -€9,039
down €9,039 (-56.6%), from €15,959 to €6,920
of which Other amounts receivable: -€7,968
- Financial fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Tax, wage and social debts +€11,104
up €11,104 (+56.4%), from €19,684 to €30,788
of which Taxes: +€6,016
- Other debts -€6,238
down €6,238 (-62.4%), from €10,000 to €3,762
- Trade debts +€5,596
up €5,596 (+221.6%), from €2,525 to €8,121
- Reserves +€4,685
up €4,685 (+13.8%), from €33,831 to €38,515
- Staff costs +€15,440
up €15,440 (+27.8%), from €55,474 to €70,914
- Gross operating margin -€9,221
down €9,221 (-8.5%), from €108,713 to €99,493
- Taxes -€8,909
down €8,909 (-68.5%), from €13,009 to €4,099
- Depreciation +€6,255
up €6,255 (+257.1%), from €2,433 to €8,688
- Financial charges +€3,337
up €3,337 (+3108.8%), from €107 to €3,444
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 | €72,239 | €87,386 | +€15,147 | +21.0% |
| Fixed assets | 21/28 | €20,628 | €33,131 | +€12,503 | +60.6% |
| Tangible fixed assets | 22/27 | €17,628 | €33,131 | +€15,503 | +87.9% |
| Plant, machinery and equipment | 23 | €2,020 | €3,423 | +€1,403 | +69.5% |
| Furniture and vehicles | 24 | €13,344 | €27,983 | +€14,640 | +109.7% |
| Other tangible fixed assets | 26 | €2,265 | €1,725 | -€540 | -23.8% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €51,611 | €54,255 | +€2,644 | +5.1% |
| Stocks and contracts in progress | 3 | €1,668 | €2,001 | +€334 | +20.0% |
| Stocks | 30/36 | €1,668 | €2,001 | +€334 | +20.0% |
| Amounts receivable within one year | 40/41 | €15,959 | €6,920 | -€9,039 | -56.6% |
| Trade receivables | 40 | €1,426 | €355 | -€1,071 | -75.1% |
| Other amounts receivable | 41 | €14,533 | €6,564 | -€7,968 | -54.8% |
| Cash at bank and in hand | 54/58 | €33,921 | €44,646 | +€10,725 | +31.6% |
| Deferred charges and accrued income | 490/1 | €64 | €688 | +€624 | +979.4% |
| Total equity and liabilities | 10/49 | €72,239 | €87,386 | +€15,147 | +21.0% |
| Equity | 10/15 | €40,031 | €44,715 | +€4,685 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €33,831 | €38,515 | +€4,685 | +13.8% |
| Distributable reserves | 133 | €33,831 | €38,515 | +€4,685 | +13.8% |
| Amounts payable | 17/49 | €32,209 | €42,671 | +€10,462 | +32.5% |
| Amounts payable within one year | 42/48 | €32,209 | €42,671 | +€10,462 | +32.5% |
| Trade debts | 44 | €2,525 | €8,121 | +€5,596 | +221.6% |
| Suppliers | 440/4 | €2,525 | €8,121 | +€5,596 | +221.6% |
| Taxes, remuneration and social security | 45 | €19,684 | €30,788 | +€11,104 | +56.4% |
| Taxes | 450/3 | €8,261 | €14,277 | +€6,016 | +72.8% |
| Remuneration and social security | 454/9 | €11,423 | €16,511 | +€5,088 | +44.5% |
| Other amounts payable | 47/48 | €10,000 | €3,762 | -€6,238 | -62.4% |
| Remuneration, social security and pensions | 62 | €55,474 | €70,914 | +€15,440 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,433 | €8,688 | +€6,255 | +257.1% |
| Other operating charges | 640/8 | €2,558 | €3,966 | +€1,408 | +55.0% |
| Non-recurring operating charges | 66A | €182 | - | -€182 | |
| Gross operating margin | 9900 | €108,713 | €99,493 | -€9,221 | -8.5% |
| Operating profit (loss) | 9901 | €48,067 | €15,926 | -€32,141 | -66.9% |
| Financial income | 75/76B | €683 | €64 | -€618 | -90.6% |
| Recurring financial income | 75 | €683 | €64 | -€618 | -90.6% |
| Financial charges | 65/66B | €107 | €3,444 | +€3,337 | +3108.8% |
| Recurring financial charges | 65 | €107 | €3,444 | +€3,337 | +3108.8% |
| Profit (loss) for the period before taxes | 9903 | €48,642 | €12,546 | -€36,096 | -74.2% |
| Income taxes | 67/77 | €13,009 | €4,099 | -€8,909 | -68.5% |
| Profit (loss) for the period | 9904 | €35,634 | €8,447 | -€27,187 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,634 | €8,447 | -€27,187 | -76.3% |
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.