BERGER Couvin: 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.
BERGER Couvin
Largest movements
- Receivables within one year -€24,750
down €24,750 (-24.4%), from €101,350 to €76,600
of which Trade receivables: -€22,369
- Stocks and contracts +€12,807
up €12,807 (+9.4%), from €136,110 to €148,917
- Cash +€10,261
up €10,261 (+7.8%), from €130,829 to €141,090
mainly Receivables within one year (+€24,750) and Net result for the year (+€20,701)
- Tangible fixed assets -€4,715
down €4,715 (-23.5%), from €20,061 to €15,346
of which Furniture and vehicles: -€7,407
- Other debts -€29,784
down €29,784 (-49.1%), from €60,653 to €30,869
- Reserves +€20,000
up €20,000 (+18.8%), from €106,444 to €126,444
of which Distributable reserves: +€20,000
- Trade debts +€12,722
up €12,722 (+437%), from €2,910 to €15,632
- Tax, wage and social debts -€6,039
down €6,039 (-14.9%), from €40,517 to €34,478
of which Taxes: -€8,677
- Gross operating margin -€29,477
down €29,477 (-15.9%), from €185,032 to €155,555
- Taxes -€8,617
down €8,617 (-43.8%), from €19,656 to €11,039
- Depreciation -€5,938
down €5,938 (-42.9%), from €13,854 to €7,916
- Staff costs +€5,031
up €5,031 (+4.6%), from €109,928 to €114,959
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 | €393,617 | €386,932 | -€6,685 | -1.7% |
| Fixed assets | 21/28 | €20,061 | €15,346 | -€4,715 | -23.5% |
| Tangible fixed assets | 22/27 | €20,061 | €15,346 | -€4,715 | -23.5% |
| Land and buildings | 22 | €9,838 | €9,504 | -€334 | -3.4% |
| Plant, machinery and equipment | 23 | - | €3,026 | +€3,026 | |
| Furniture and vehicles | 24 | €10,223 | €2,816 | -€7,407 | -72.5% |
| Current assets | 29/58 | €373,556 | €371,586 | -€1,970 | -0.5% |
| Stocks and contracts in progress | 3 | €136,110 | €148,917 | +€12,807 | +9.4% |
| Stocks | 30/36 | €136,110 | €148,917 | +€12,807 | +9.4% |
| Amounts receivable within one year | 40/41 | €101,350 | €76,600 | -€24,750 | -24.4% |
| Trade receivables | 40 | €93,339 | €70,970 | -€22,369 | -24.0% |
| Other amounts receivable | 41 | €8,011 | €5,630 | -€2,381 | -29.7% |
| Cash at bank and in hand | 54/58 | €130,829 | €141,090 | +€10,261 | +7.8% |
| Deferred charges and accrued income | 490/1 | €5,267 | €4,979 | -€288 | -5.5% |
| Total equity and liabilities | 10/49 | €393,617 | €386,932 | -€6,685 | -1.7% |
| Equity | 10/15 | €282,724 | €303,425 | +€20,701 | +7.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €106,444 | €126,444 | +€20,000 | +18.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €104,585 | €124,585 | +€20,000 | +19.1% |
| Profit (loss) carried forward | 14 | €157,688 | €158,389 | +€701 | +0.4% |
| Amounts payable | 17/49 | €110,893 | €83,507 | -€27,386 | -24.7% |
| Amounts payable after more than one year | 17 | €2,528 | - | -€2,528 | |
| Financial debts | 170/4 | €2,528 | - | -€2,528 | |
| Amounts payable within one year | 42/48 | €108,365 | €83,507 | -€24,858 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €4,285 | €2,528 | -€1,757 | -41.0% |
| Trade debts | 44 | €2,910 | €15,632 | +€12,722 | +437% |
| Suppliers | 440/4 | €2,910 | €15,632 | +€12,722 | +437% |
| Taxes, remuneration and social security | 45 | €40,517 | €34,478 | -€6,039 | -14.9% |
| Taxes | 450/3 | €22,813 | €14,136 | -€8,677 | -38.0% |
| Remuneration and social security | 454/9 | €17,704 | €20,342 | +€2,638 | +14.9% |
| Other amounts payable | 47/48 | €60,653 | €30,869 | -€29,784 | -49.1% |
| Remuneration, social security and pensions | 62 | €109,928 | €114,959 | +€5,031 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,854 | €7,916 | -€5,938 | -42.9% |
| Other operating charges | 640/8 | €3,349 | €3,934 | +€585 | +17.5% |
| Non-recurring operating charges | 66A | €2,658 | €86 | -€2,572 | -96.8% |
| Gross operating margin | 9900 | €185,032 | €155,555 | -€29,477 | -15.9% |
| Operating profit (loss) | 9901 | €55,243 | €28,660 | -€26,583 | -48.1% |
| Financial income | 75/76B | €5,093 | €5,132 | +€39 | +0.8% |
| Recurring financial income | 75 | €5,093 | €5,132 | +€39 | +0.8% |
| Financial charges | 65/66B | €1,661 | €2,052 | +€391 | +23.5% |
| Recurring financial charges | 65 | €1,661 | €2,052 | +€391 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €58,675 | €31,740 | -€26,935 | -45.9% |
| Income taxes | 67/77 | €19,656 | €11,039 | -€8,617 | -43.8% |
| Profit (loss) for the period | 9904 | €39,019 | €20,701 | -€18,318 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,019 | €20,701 | -€18,318 | -46.9% |
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.