BERGHEMBERG: 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.
BERGHEMBERG
Largest movements
- Tangible fixed assets +€466,432
up €466,432 (+6.7%), from €7.0m to €7.5m
of which Land and buildings: +€474,046
- Current investments +€99,162
new in 2025: €99,162
- Receivables within one year -€95,989
down €95,989 (-75.4%), from €127,236 to €31,247
of which Trade receivables: -€93,939
- Debts after one year +€440,734
up €440,734 (+17.5%), from €2.5m to €3.0m
- Reserves -€122,622
down €122,622 (-3.8%), from €3.2m to €3.1m
of which Distributable reserves: -€122,622
- Other debts +€111,733
up €111,733 (+323.3%), from €34,556 to €146,289
- Trade debts -€93,793
down €93,793 (-71.3%), from €131,493 to €37,700
- Gross operating margin +€257,737
up €257,737 (+38.6%), from €667,843 to €925,579
- Other operating charges -€149,603
down €149,603 (-52.2%), from €286,649 to €137,046
- Depreciation +€51,012
up €51,012 (+15.1%), from €337,846 to €388,858
- Financial charges +€36,287
up €36,287 (+17.0%), from €213,878 to €250,165
- Financial income -€10,017
down €10,017 (-99.3%), from €10,092 to €75
of which Non-recurring financial income: -€10,080
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 | €8,004,953 | €8,359,091 | +€354,138 | +4.4% |
| Fixed assets | 21/28 | €7,058,569 | €7,454,362 | +€395,793 | +5.6% |
| Tangible fixed assets | 22/27 | €6,986,680 | €7,453,112 | +€466,432 | +6.7% |
| Land and buildings | 22 | €6,928,336 | €7,402,382 | +€474,046 | +6.8% |
| Furniture and vehicles | 24 | €58,344 | €50,730 | -€7,614 | -13.1% |
| Financial fixed assets | 28 | €71,888 | €1,250 | -€70,638 | -98.3% |
| Current assets | 29/58 | €946,384 | €904,729 | -€41,655 | -4.4% |
| Amounts receivable within one year | 40/41 | €127,236 | €31,247 | -€95,989 | -75.4% |
| Trade receivables | 40 | €119,739 | €25,800 | -€93,939 | -78.5% |
| Other amounts receivable | 41 | €7,497 | €5,447 | -€2,050 | -27.3% |
| Current investments | 50/53 | - | €99,162 | +€99,162 | |
| Cash at bank and in hand | 54/58 | €797,680 | €734,011 | -€63,669 | -8.0% |
| Deferred charges and accrued income | 490/1 | €21,468 | €40,309 | +€18,841 | +87.8% |
| Total equity and liabilities | 10/49 | €8,004,953 | €8,359,091 | +€354,138 | +4.4% |
| Equity | 10/15 | €3,319,625 | €3,247,854 | -€71,771 | -2.2% |
| Contributions | 10/11 | €602,800 | €602,800 | = | 0.0% |
| Capital | 10 | €602,800 | €602,800 | = | 0.0% |
| Issued capital | 100 | €602,800 | €602,800 | = | 0.0% |
| Reserves | 13 | €3,192,902 | €3,070,280 | -€122,622 | -3.8% |
| Non-distributable reserves | 130/1 | €60,280 | €60,280 | = | 0.0% |
| Legal reserve | 130 | €60,280 | €60,280 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,122,622 | €3,000,000 | -€122,622 | -3.9% |
| Profit (loss) carried forward | 14 | -€476,077 | -€425,226 | +€50,851 | +10.7% |
| Provisions and deferred taxes | 16 | €1,700,033 | €1,708,787 | +€8,755 | +0.5% |
| Provisions for liabilities and charges | 160/5 | €1,700,033 | €1,708,787 | +€8,755 | +0.5% |
| Other liabilities and charges | 164/5 | €1,700,033 | €1,708,787 | +€8,755 | +0.5% |
| Amounts payable | 17/49 | €2,985,295 | €3,402,450 | +€417,154 | +14.0% |
| Amounts payable after more than one year | 17 | €2,512,650 | €2,953,384 | +€440,734 | +17.5% |
| Financial debts | 170/4 | €2,512,650 | €2,953,384 | +€440,734 | +17.5% |
| Amounts payable within one year | 42/48 | €416,507 | €447,830 | +€31,323 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €191,595 | €234,151 | +€42,556 | +22.2% |
| Trade debts | 44 | €131,493 | €37,700 | -€93,793 | -71.3% |
| Suppliers | 440/4 | €131,493 | €37,700 | -€93,793 | -71.3% |
| Taxes, remuneration and social security | 45 | €58,863 | €29,690 | -€29,173 | -49.6% |
| Taxes | 450/3 | €58,863 | €29,690 | -€29,173 | -49.6% |
| Other amounts payable | 47/48 | €34,556 | €146,289 | +€111,733 | +323.3% |
| Accrued charges and deferred income | 492/3 | €56,138 | €1,236 | -€54,902 | -97.8% |
| Non-recurring operating income | 76A | €2,524 | - | -€2,524 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337,846 | €388,858 | +€51,012 | +15.1% |
| Other operating charges | 640/8 | €286,649 | €137,046 | -€149,603 | -52.2% |
| Non-recurring operating charges | 66A | €81,861 | €89,596 | +€7,735 | +9.4% |
| Gross operating margin | 9900 | €667,843 | €925,579 | +€257,737 | +38.6% |
| Operating profit (loss) | 9901 | -€38,514 | €310,079 | +€348,593 | |
| Financial income | 75/76B | €10,092 | €75 | -€10,017 | -99.3% |
| Recurring financial income | 75 | €12 | €75 | +€63 | +540.7% |
| Non-recurring financial income | 76B | €10,080 | - | -€10,080 | |
| Financial charges | 65/66B | €213,878 | €250,165 | +€36,287 | +17.0% |
| Recurring financial charges | 65 | €213,878 | €250,165 | +€36,287 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | -€242,300 | €59,989 | +€302,289 | |
| Income taxes | 67/77 | €1,855 | €9,138 | +€7,283 | +392.6% |
| Profit (loss) for the period | 9904 | -€244,155 | €50,851 | +€295,006 | |
| Profit (loss) for the period to be appropriated | 9905 | -€244,155 | €50,851 | +€295,006 |
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 11 October 2026 via checked.be.