BERGAMED: 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.
BERGAMED
Largest movements
- Tangible fixed assets +€366,131
up €366,131 (+640.7%), from €57,143 to €423,275
of which Land and buildings: +€332,833
- Cash -€62,789
down €62,789 (-55.9%), from €112,409 to €49,619
mainly Investment in fixed assets (net) (-€432,889) and Other debts (-€36,639)
- Deferred charges and accrued income +€25,930
up €25,930 (+42.0%), from €61,739 to €87,669
- Intangible fixed assets -€9,500
down €9,500 (-12.5%), from €76,000 to €66,500
- Receivables within one year +€9,186
new in 2025: €9,186
- Debts after one year +€224,750
up €224,750 (+453.4%), from €49,572 to €274,322
- Profit (loss) carried forward +€86,005
up €86,005 (+50.3%), from €170,897 to €256,902
- Other debts -€36,639
no longer reported in 2025 (was €36,639)
- Trade debts +€30,465
up €30,465 (+2328.3%), from €1,308 to €31,773
- Current portion of long-term debt +€23,638
up €23,638 (+129.5%), from €18,256 to €41,894
- Gross operating margin +€67,089
up €67,089 (+51.1%), from €131,245 to €198,333
- Depreciation +€53,480
up €53,480 (+234.8%), from €22,777 to €76,257
- Financial charges +€12,231
up €12,231 (+367.5%), from €3,328 to €15,559
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 | €307,382 | €636,341 | +€328,958 | +107.0% |
| Fixed assets | 21/28 | €133,235 | €489,866 | +€356,631 | +267.7% |
| Intangible fixed assets | 21 | €76,000 | €66,500 | -€9,500 | -12.5% |
| Tangible fixed assets | 22/27 | €57,143 | €423,275 | +€366,131 | +640.7% |
| Land and buildings | 22 | - | €332,833 | +€332,833 | |
| Furniture and vehicles | 24 | €43,713 | €30,848 | -€12,866 | -29.4% |
| Other tangible fixed assets | 26 | €13,430 | €59,593 | +€46,164 | +343.7% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €174,147 | €146,474 | -€27,673 | -15.9% |
| Amounts receivable within one year | 40/41 | - | €9,186 | +€9,186 | |
| Other amounts receivable | 41 | - | €9,186 | +€9,186 | |
| Cash at bank and in hand | 54/58 | €112,409 | €49,619 | -€62,789 | -55.9% |
| Deferred charges and accrued income | 490/1 | €61,739 | €87,669 | +€25,930 | +42.0% |
| Total equity and liabilities | 10/49 | €307,382 | €636,341 | +€328,958 | +107.0% |
| Equity | 10/15 | €171,897 | €257,902 | +€86,005 | +50.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,897 | €256,902 | +€86,005 | +50.3% |
| Amounts payable | 17/49 | €135,485 | €378,439 | +€242,954 | +179.3% |
| Amounts payable after more than one year | 17 | €49,572 | €274,322 | +€224,750 | +453.4% |
| Financial debts | 170/4 | €49,572 | €274,322 | +€224,750 | +453.4% |
| Amounts payable within one year | 42/48 | €85,913 | €104,117 | +€18,204 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €18,256 | €41,894 | +€23,638 | +129.5% |
| Trade debts | 44 | €1,308 | €31,773 | +€30,465 | +2328.3% |
| Suppliers | 440/4 | €1,308 | €31,773 | +€30,465 | +2328.3% |
| Taxes, remuneration and social security | 45 | €29,710 | €30,450 | +€740 | +2.5% |
| Taxes | 450/3 | €29,710 | €27,822 | -€1,888 | -6.4% |
| Remuneration and social security | 454/9 | - | €2,628 | +€2,628 | |
| Other amounts payable | 47/48 | €36,639 | - | -€36,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,777 | €76,257 | +€53,480 | +234.8% |
| Other operating charges | 640/8 | €494 | €500 | +€6 | +1.1% |
| Gross operating margin | 9900 | €131,245 | €198,333 | +€67,089 | +51.1% |
| Operating profit (loss) | 9901 | €107,973 | €121,576 | +€13,603 | +12.6% |
| Financial income | 75/76B | - | €221 | +€221 | |
| Recurring financial income | 75 | - | €221 | +€221 | |
| Financial charges | 65/66B | €3,328 | €15,559 | +€12,231 | +367.5% |
| Recurring financial charges | 65 | €3,328 | €15,559 | +€12,231 | +367.5% |
| Profit (loss) for the period before taxes | 9903 | €104,644 | €106,237 | +€1,593 | +1.5% |
| Income taxes | 67/77 | €22,133 | €20,233 | -€1,900 | -8.6% |
| Profit (loss) for the period | 9904 | €82,512 | €86,005 | +€3,493 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,512 | €86,005 | +€3,493 | +4.2% |
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 4 October 2026 via checked.be.