BERGGOED: what changed
What changed
BERGGOED
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€176,648
2024 · €262,899-€86,251
Equity
€4.7m
2024 · €4.6m+€176,648
Cash
€20,215
2024 · €33,858-€13,643
Balance sheet total
€8.1m
2024 · €7.7m+€411,748
Largest movements
Assets
- Receivables within one year +€661,597
up €661,597 (+700%), from €94,477 to €756,074
of which Other amounts receivable: +€661,355
- Financial fixed assets -€238,396
down €238,396 (-4.5%), from €5.3m to €5.0m
Equity and liabilities
- Other debts +€570,000
up €570,000 (+29.6%), from €1.9m to €2.5m
- Short-term financial debts -€180,000
no longer reported in 2025 (was €180,000)
- Reserves +€176,648
up €176,648 (+4.0%), from €4.4m to €4.6m
of which Distributable reserves: +€176,648
- Debts after one year -€137,361
down €137,361 (-15.7%), from €873,120 to €735,759
Income statement
- Financial charges +€398,858
up €398,858 (+1,277%), from €31,234 to €430,092
of which Non-recurring financial charges: +€400,000
- Financial income +€363,214
up €363,214 (+117%), from €310,522 to €673,736
- Gross operating margin -€28,896
down €28,896 (-44.2%), from €65,303 to €36,407
- Staff costs +€22,226
new in 2025: €22,226
- Taxes -€6,352
down €6,352 (-95.5%), from €6,650 to €298
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€262,899
Gross operating margin
-€28,896
Staff costs
-€22,226
Depreciation
-€4,855
Other operating charges
-€982
Financial income
+€363,214
Financial charges
-€398,858
Taxes
+€6,352
Result 2025
€176,648
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€146,662
Investment
+€178,622
Financing
-€338,927
Cash 2024
€33,858
From operations (derived)
+€146,662
Net result for the year
+€176,648
Depreciation
+€73,628
Stocks and contracts
-€34,560
Receivables within one year
-€661,597
Deferred charges and accrued income
+€18,516
Trade debts
+€11,860
Tax, wage and social debts
-€4,890
Other debts
+€570,000
Accrued charges and deferred income
-€2,943
Investment (derived)
+€178,622
Investment in fixed assets (net)
+€178,622
Financing
-€338,927
Debts after one year
-€137,361
Current portion of long-term debt
-€21,566
Short-term financial debts
-€180,000
Cash 2025
€20,215
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,718,443 | €8,130,191 | +€411,748 | +5.3% |
| Fixed assets | 21/28 | €7,217,515 | €6,965,265 | -€252,250 | -3.5% |
| Tangible fixed assets | 22/27 | €1,934,455 | €1,920,601 | -€13,854 | -0.7% |
| Land and buildings | 22 | €1,923,563 | €1,861,677 | -€61,886 | -3.2% |
| Plant, machinery and equipment | 23 | €2,964 | €1,999 | -€965 | -32.6% |
| Furniture and vehicles | 24 | €7,928 | €56,925 | +€48,997 | +618% |
| Financial fixed assets | 28 | €5,283,060 | €5,044,664 | -€238,396 | -4.5% |
| Current assets | 29/58 | €500,928 | €1,164,926 | +€663,998 | +133% |
| Stocks and contracts in progress | 3 | €312,076 | €346,636 | +€34,560 | +11.1% |
| Stocks | 30/36 | €312,076 | €346,636 | +€34,560 | +11.1% |
| Amounts receivable within one year | 40/41 | €94,477 | €756,074 | +€661,597 | +700% |
| Trade receivables | 40 | €262 | €504 | +€242 | +92.4% |
| Other amounts receivable | 41 | €94,215 | €755,570 | +€661,355 | +702% |
| Cash at bank and in hand | 54/58 | €33,858 | €20,215 | -€13,643 | -40.3% |
| Deferred charges and accrued income | 490/1 | €60,517 | €42,001 | -€18,516 | -30.6% |
| Total equity and liabilities | 10/49 | €7,718,443 | €8,130,191 | +€411,748 | +5.3% |
| Equity | 10/15 | €4,560,597 | €4,737,245 | +€176,648 | +3.9% |
| Contributions | 10/11 | €153,600 | €153,600 | = | 0.0% |
| Capital | 10 | €153,600 | €153,600 | = | 0.0% |
| Issued capital | 100 | €153,600 | €153,600 | = | 0.0% |
| Reserves | 13 | €4,406,997 | €4,583,645 | +€176,648 | +4.0% |
| Non-distributable reserves | 130/1 | €15,360 | €15,360 | = | 0.0% |
| Legal reserve | 130 | €15,360 | €15,360 | = | 0.0% |
| Distributable reserves | 133 | €4,391,637 | €4,568,285 | +€176,648 | +4.0% |
| Amounts payable | 17/49 | €3,157,846 | €3,392,946 | +€235,100 | +7.4% |
| Amounts payable after more than one year | 17 | €873,120 | €735,759 | -€137,361 | -15.7% |
| Financial debts | 170/4 | €873,120 | €735,759 | -€137,361 | -15.7% |
| Amounts payable within one year | 42/48 | €2,281,783 | €2,657,187 | +€375,404 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €158,928 | €137,362 | -€21,566 | -13.6% |
| Financial debts | 43 | €180,000 | - | -€180,000 | |
| Credit institutions | 430/8 | €180,000 | - | -€180,000 | |
| Trade debts | 44 | €4,009 | €15,869 | +€11,860 | +296% |
| Suppliers | 440/4 | €4,009 | €15,869 | +€11,860 | +296% |
| Taxes, remuneration and social security | 45 | €14,846 | €9,956 | -€4,890 | -32.9% |
| Taxes | 450/3 | €4,846 | €1,872 | -€2,974 | -61.4% |
| Remuneration and social security | 454/9 | €10,000 | €8,084 | -€1,916 | -19.2% |
| Other amounts payable | 47/48 | €1,924,000 | €2,494,000 | +€570,000 | +29.6% |
| Accrued charges and deferred income | 492/3 | €2,943 | - | -€2,943 | |
| Remuneration, social security and pensions | 62 | - | €22,226 | +€22,226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,773 | €73,628 | +€4,855 | +7.1% |
| Other operating charges | 640/8 | €6,269 | €7,251 | +€982 | +15.7% |
| Gross operating margin | 9900 | €65,303 | €36,407 | -€28,896 | -44.2% |
| Operating profit (loss) | 9901 | -€9,739 | -€66,698 | -€56,959 | -585% |
| Financial income | 75/76B | €310,522 | €673,736 | +€363,214 | +117% |
| Recurring financial income | 75 | €310,522 | €673,736 | +€363,214 | +117% |
| Financial charges | 65/66B | €31,234 | €430,092 | +€398,858 | +1,277% |
| Recurring financial charges | 65 | €31,234 | €30,092 | -€1,142 | -3.7% |
| Non-recurring financial charges | 66B | - | €400,000 | +€400,000 | |
| Profit (loss) for the period before taxes | 9903 | €269,549 | €176,946 | -€92,603 | -34.4% |
| Income taxes | 67/77 | €6,650 | €298 | -€6,352 | -95.5% |
| Profit (loss) for the period | 9904 | €262,899 | €176,648 | -€86,251 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €262,899 | €176,648 | -€86,251 | -32.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.