BERGFIN: 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.
BERGFIN
Largest movements
- Receivables within one year -€383,542
down €383,542 (-89.7%), from €427,725 to €44,182
of which Other amounts receivable: -€389,480
- Financial fixed assets -€55,000
down €55,000 (-100.0%), from €55,000 to €0
- Profit (loss) carried forward -€453,898
down €453,898 (-78.9%), from -€575,002 to -€1.0m
- Other debts +€11,617
up €11,617 (+2.1%), from €564,421 to €576,038
- Write-downs +€403,603
new in 2025: €403,603
- Gross operating margin -€61,240
down €61,240 (-89.8%), from €68,175 to €6,934
- Financial charges -€1,137
down €1,137 (-73.9%), from €1,539 to €403
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 | €487,500 | €47,495 | -€440,004 | -90.3% |
| Fixed assets | 21/28 | €58,317 | €2,197 | -€56,120 | -96.2% |
| Tangible fixed assets | 22/27 | €3,317 | €2,197 | -€1,120 | -33.8% |
| Furniture and vehicles | 24 | €3,317 | €2,197 | -€1,120 | -33.8% |
| Financial fixed assets | 28 | €55,000 | €0 | -€55,000 | -100.0% |
| Current assets | 29/58 | €429,182 | €45,299 | -€383,884 | -89.4% |
| Amounts receivable within one year | 40/41 | €427,725 | €44,182 | -€383,542 | -89.7% |
| Trade receivables | 40 | €36,893 | €42,831 | +€5,938 | +16.1% |
| Other amounts receivable | 41 | €390,832 | €1,351 | -€389,480 | -99.7% |
| Cash at bank and in hand | 54/58 | €278 | €1,116 | +€838 | +302.1% |
| Deferred charges and accrued income | 490/1 | €1,180 | €0 | -€1,180 | -100.0% |
| Total equity and liabilities | 10/49 | €487,500 | €47,495 | -€440,004 | -90.3% |
| Equity | 10/15 | -€98,599 | -€552,497 | -€453,898 | -460.3% |
| Contributions | 10/11 | €470,000 | €470,000 | = | 0.0% |
| Reserves | 13 | €6,402 | €6,402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,653 | €3,653 | = | 0.0% |
| Distributable reserves | 133 | €749 | €749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€575,002 | -€1,028,899 | -€453,898 | -78.9% |
| Amounts payable | 17/49 | €586,099 | €599,993 | +€13,894 | +2.4% |
| Amounts payable within one year | 42/48 | €586,099 | €599,993 | +€13,894 | +2.4% |
| Trade debts | 44 | €21,114 | €23,396 | +€2,281 | +10.8% |
| Suppliers | 440/4 | €21,114 | €23,396 | +€2,281 | +10.8% |
| Taxes, remuneration and social security | 45 | €564 | €559 | -€5 | -0.9% |
| Taxes | 450/3 | €564 | €559 | -€5 | -0.9% |
| Other amounts payable | 47/48 | €564,421 | €576,038 | +€11,617 | +2.1% |
| Non-recurring operating income | 76A | - | €20 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,362 | €1,120 | -€242 | -17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €403,603 | +€403,603 | |
| Other operating charges | 640/8 | €387 | €470 | +€83 | +21.3% |
| Non-recurring operating charges | 66A | - | €55,000 | +€55,000 | |
| Gross operating margin | 9900 | €68,175 | €6,934 | -€61,240 | -89.8% |
| Operating profit (loss) | 9901 | €66,425 | -€453,259 | -€519,683 | |
| Financial income | 75/76B | €11 | €6 | -€5 | -48.2% |
| Recurring financial income | 75 | €11 | €6 | -€5 | -48.2% |
| Financial charges | 65/66B | €1,539 | €403 | -€1,137 | -73.9% |
| Recurring financial charges | 65 | €1,539 | €403 | -€1,137 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €64,896 | -€453,655 | -€518,552 | |
| Income taxes | 67/77 | €269 | €242 | -€26 | -9.8% |
| Profit (loss) for the period | 9904 | €64,628 | -€453,898 | -€518,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,628 | -€453,898 | -€518,525 |
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 7 October 2026 via checked.be.