BERGH AVIATION: 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.
BERGH AVIATION
Largest movements
- Receivables within one year +€36,883
up €36,883 (+133%), from €27,804 to €64,687
of which Trade receivables: +€36,331
- Cash -€7,791
down €7,791 (-15.8%), from €49,176 to €41,385
mainly Receivables within one year (-€36,883) and Debts after one year (-€6,676)
- Tangible fixed assets -€4,852
down €4,852 (-7.8%), from €62,313 to €57,461
of which Land and buildings: -€5,043
- Reserves +€24,581
up €24,581 (+8.5%), from €290,404 to €314,985
- Other debts +€7,476
up €7,476 (+3,349%), from €223 to €7,699
- Debts after one year -€6,676
down €6,676 (-70.2%), from €9,511 to €2,836
- Gross operating margin -€15,629
down €15,629 (-27.3%), from €57,332 to €41,704
- Financial income +€5,622
up €5,622 (+565%), from €994 to €6,616
- Taxes -€3,230
down €3,230 (-26.0%), from €12,422 to €9,192
- Other operating charges -€2,584
down €2,584 (-54.2%), from €4,763 to €2,179
- Depreciation +€606
up €606 (+5.9%), from €10,308 to €10,914
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 | €317,966 | €342,096 | +€24,129 | +7.6% |
| Fixed assets | 21/28 | €87,313 | €82,461 | -€4,852 | -5.6% |
| Tangible fixed assets | 22/27 | €62,313 | €57,461 | -€4,852 | -7.8% |
| Land and buildings | 22 | €50,529 | €45,486 | -€5,043 | -10.0% |
| Plant, machinery and equipment | 23 | €8,727 | €8,017 | -€709 | -8.1% |
| Furniture and vehicles | 24 | €3,058 | €3,958 | +€900 | +29.4% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €230,653 | €259,634 | +€28,981 | +12.6% |
| Amounts receivable within one year | 40/41 | €27,804 | €64,687 | +€36,883 | +133% |
| Trade receivables | 40 | €22,607 | €58,938 | +€36,331 | +161% |
| Other amounts receivable | 41 | €5,197 | €5,749 | +€551 | +10.6% |
| Current investments | 50/53 | €148,609 | €148,609 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,176 | €41,385 | -€7,791 | -15.8% |
| Deferred charges and accrued income | 490/1 | €5,064 | €4,953 | -€110 | -2.2% |
| Total equity and liabilities | 10/49 | €317,966 | €342,096 | +€24,129 | +7.6% |
| Equity | 10/15 | €296,604 | €321,185 | +€24,581 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €290,404 | €314,985 | +€24,581 | +8.5% |
| Distributable reserves | 133 | €290,404 | €314,985 | +€24,581 | +8.5% |
| Amounts payable | 17/49 | €21,363 | €20,911 | -€452 | -2.1% |
| Amounts payable after more than one year | 17 | €9,511 | €2,836 | -€6,676 | -70.2% |
| Financial debts | 170/4 | €9,511 | €2,836 | -€6,676 | -70.2% |
| Amounts payable within one year | 42/48 | €11,852 | €18,075 | +€6,224 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €6,499 | €6,676 | +€177 | +2.7% |
| Financial debts | 43 | - | €25 | +€25 | |
| Credit institutions | 430/8 | - | €25 | +€25 | |
| Trade debts | 44 | €5,130 | €3,675 | -€1,454 | -28.4% |
| Suppliers | 440/4 | €5,130 | €3,675 | -€1,454 | -28.4% |
| Other amounts payable | 47/48 | €223 | €7,699 | +€7,476 | +3,349% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,308 | €10,914 | +€606 | +5.9% |
| Other operating charges | 640/8 | €4,763 | €2,179 | -€2,584 | -54.2% |
| Gross operating margin | 9900 | €57,332 | €41,704 | -€15,629 | -27.3% |
| Operating profit (loss) | 9901 | €42,261 | €28,610 | -€13,651 | -32.3% |
| Financial income | 75/76B | €994 | €6,616 | +€5,622 | +565% |
| Recurring financial income | 75 | €994 | €6,616 | +€5,622 | +565% |
| Financial charges | 65/66B | €2,049 | €1,453 | -€596 | -29.1% |
| Recurring financial charges | 65 | €2,049 | €1,453 | -€596 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €41,207 | €33,773 | -€7,433 | -18.0% |
| Income taxes | 67/77 | €12,422 | €9,192 | -€3,230 | -26.0% |
| Profit (loss) for the period | 9904 | €28,785 | €24,581 | -€4,204 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,785 | €24,581 | -€4,204 | -14.6% |
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 14 October 2026 via checked.be.