BERGE - TORSIN: 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.
BERGE - TORSIN
Largest movements
- Cash +€15,034
up €15,034 (+198%), from €7,581 to €22,615
mainly Net result for the year (+€13,414) and Trade debts (+€13,298)
- Reserves +€13,414
up €13,414 (+7.7%), from €174,485 to €187,899
of which Distributable reserves: +€13,414
- Trade debts +€13,298
up €13,298 (+2,695%), from €494 to €13,791
- Other debts -€10,060
down €10,060 (-8.6%), from €117,559 to €107,498
- Gross operating margin +€21,117
up €21,117 (+947%), from €2,230 to €23,347
- Taxes +€6,032
up €6,032 (+5,793%), from €104 to €6,136
- Financial charges +€1,462
up €1,462 (+141%), from €1,037 to €2,498
- Other operating charges +€309
up €309 (+43.2%), from €715 to €1,024
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 | €310,953 | €326,958 | +€16,005 | +5.1% |
| Fixed assets | 21/28 | €300,741 | €300,466 | -€275 | -0.1% |
| Tangible fixed assets | 22/27 | €741 | €466 | -€275 | -37.1% |
| Plant, machinery and equipment | 23 | €741 | €466 | -€275 | -37.1% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €10,212 | €26,492 | +€16,280 | +159% |
| Amounts receivable within one year | 40/41 | €1,210 | €1,796 | +€586 | +48.4% |
| Trade receivables | 40 | €1,210 | - | -€1,210 | |
| Other amounts receivable | 41 | - | €1,796 | +€1,796 | |
| Cash at bank and in hand | 54/58 | €7,581 | €22,615 | +€15,034 | +198% |
| Deferred charges and accrued income | 490/1 | €1,420 | €2,081 | +€660 | +46.5% |
| Total equity and liabilities | 10/49 | €310,953 | €326,958 | +€16,005 | +5.1% |
| Equity | 10/15 | €192,085 | €205,499 | +€13,414 | +7.0% |
| Contributions | 10/11 | €17,600 | €17,600 | = | 0.0% |
| Reserves | 13 | €174,485 | €187,899 | +€13,414 | +7.7% |
| Tax-exempt reserves | 132 | €614 | €614 | = | 0.0% |
| Distributable reserves | 133 | €173,871 | €187,285 | +€13,414 | +7.7% |
| Amounts payable | 17/49 | €118,868 | €121,459 | +€2,591 | +2.2% |
| Amounts payable within one year | 42/48 | €118,868 | €121,290 | +€2,422 | +2.0% |
| Trade debts | 44 | €494 | €13,791 | +€13,298 | +2,695% |
| Suppliers | 440/4 | €494 | €13,791 | +€13,298 | +2,695% |
| Taxes, remuneration and social security | 45 | €816 | - | -€816 | |
| Taxes | 450/3 | €816 | - | -€816 | |
| Other amounts payable | 47/48 | €117,559 | €107,498 | -€10,060 | -8.6% |
| Accrued charges and deferred income | 492/3 | - | €169 | +€169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84 | €275 | +€191 | +226% |
| Other operating charges | 640/8 | €715 | €1,024 | +€309 | +43.2% |
| Gross operating margin | 9900 | €2,230 | €23,347 | +€21,117 | +947% |
| Operating profit (loss) | 9901 | €1,431 | €22,048 | +€20,617 | +1,441% |
| Financial charges | 65/66B | €1,037 | €2,498 | +€1,462 | +141% |
| Recurring financial charges | 65 | €1,037 | €2,498 | +€1,462 | +141% |
| Profit (loss) for the period before taxes | 9903 | €394 | €19,550 | +€19,155 | +4,858% |
| Income taxes | 67/77 | €104 | €6,136 | +€6,032 | +5,793% |
| Profit (loss) for the period | 9904 | €290 | €13,414 | +€13,123 | +4,523% |
| Profit (loss) for the period to be appropriated | 9905 | €290 | €13,414 | +€13,123 | +4,523% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.