Bergé & Vanderheiden: 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.
Bergé & Vanderheiden
Largest movements
- Cash +€138,005
up €138,005 (+92.7%), from €148,893 to €286,898
mainly Net result for the year (+€144,435) and Other debts (+€95,647)
- Receivables within one year +€24,454
up €24,454 (+30.8%), from €79,333 to €103,786
of which Trade receivables: +€23,361
- Intangible fixed assets -€19,800
down €19,800 (-50.0%), from €39,600 to €19,800
- Tangible fixed assets -€7,560
down €7,560 (-5.6%), from €136,129 to €128,569
of which Land and buildings: -€8,920
- Other debts +€95,647
up €95,647 (+3,759%), from €2,545 to €98,192
- Reserves +€49,450
up €49,450 (+15.4%), from €320,314 to €369,764
- Gross operating margin +€43,119
up €43,119 (+20.2%), from €213,394 to €256,513
- Taxes +€19,194
up €19,194 (+38.7%), from €49,580 to €68,773
- Staff costs -€18,051
down €18,051 (-72.7%), from €24,824 to €6,773
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 | €410,533 | €548,042 | +€137,509 | +33.5% |
| Fixed assets | 21/28 | €175,729 | €148,369 | -€27,360 | -15.6% |
| Intangible fixed assets | 21 | €39,600 | €19,800 | -€19,800 | -50.0% |
| Tangible fixed assets | 22/27 | €136,129 | €128,569 | -€7,560 | -5.6% |
| Land and buildings | 22 | €132,610 | €123,689 | -€8,920 | -6.7% |
| Plant, machinery and equipment | 23 | - | €4,008 | +€4,008 | |
| Furniture and vehicles | 24 | €3,520 | €872 | -€2,647 | -75.2% |
| Current assets | 29/58 | €234,804 | €399,673 | +€164,869 | +70.2% |
| Amounts receivable within one year | 40/41 | €79,333 | €103,786 | +€24,454 | +30.8% |
| Trade receivables | 40 | €79,333 | €102,694 | +€23,361 | +29.4% |
| Other amounts receivable | 41 | - | €1,092 | +€1,092 | |
| Cash at bank and in hand | 54/58 | €148,893 | €286,898 | +€138,005 | +92.7% |
| Deferred charges and accrued income | 490/1 | €6,579 | €8,989 | +€2,410 | +36.6% |
| Total equity and liabilities | 10/49 | €410,533 | €548,042 | +€137,509 | +33.5% |
| Equity | 10/15 | €320,314 | €369,764 | +€49,450 | +15.4% |
| Reserves | 13 | €320,314 | €369,764 | +€49,450 | +15.4% |
| Distributable reserves | 133 | €320,314 | €369,764 | +€49,450 | +15.4% |
| Amounts payable | 17/49 | €90,219 | €178,278 | +€88,058 | +97.6% |
| Amounts payable after more than one year | 17 | €28,913 | €24,838 | -€4,075 | -14.1% |
| Financial debts | 170/4 | €28,913 | €24,838 | -€4,075 | -14.1% |
| Amounts payable within one year | 42/48 | €61,306 | €153,440 | +€92,134 | +150% |
| Current portion of amounts payable after more than one year | 42 | €7,888 | €4,075 | -€3,813 | -48.3% |
| Trade debts | 44 | €12,149 | €11,856 | -€293 | -2.4% |
| Suppliers | 440/4 | €12,149 | €11,856 | -€293 | -2.4% |
| Taxes, remuneration and social security | 45 | €38,725 | €39,317 | +€592 | +1.5% |
| Taxes | 450/3 | €36,513 | €39,047 | +€2,534 | +6.9% |
| Remuneration and social security | 454/9 | €2,212 | €270 | -€1,942 | -87.8% |
| Other amounts payable | 47/48 | €2,545 | €98,192 | +€95,647 | +3,759% |
| Remuneration, social security and pensions | 62 | €24,824 | €6,773 | -€18,051 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,432 | €30,827 | +€395 | +1.3% |
| Other operating charges | 640/8 | €4,586 | €3,309 | -€1,278 | -27.9% |
| Gross operating margin | 9900 | €213,394 | €256,513 | +€43,119 | +20.2% |
| Operating profit (loss) | 9901 | €153,551 | €215,605 | +€62,053 | +40.4% |
| Financial income | 75/76B | €7 | €32 | +€25 | +359% |
| Recurring financial income | 75 | €7 | €32 | +€25 | +359% |
| Financial charges | 65/66B | €3,469 | €2,429 | -€1,041 | -30.0% |
| Recurring financial charges | 65 | €3,469 | €2,429 | -€1,041 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €150,089 | €213,208 | +€63,119 | +42.1% |
| Income taxes | 67/77 | €49,580 | €68,773 | +€19,194 | +38.7% |
| Profit (loss) for the period | 9904 | €100,509 | €144,435 | +€43,925 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,509 | €144,435 | +€43,925 | +43.7% |
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 30 October 2026 via checked.be.