Berghman: 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.
Berghman
Largest movements
- Current investments +€828,966
up €828,966 (+54.6%), from €1.5m to €2.3m
- Cash -€598,870
down €598,870 (-62.2%), from €962,746 to €363,876
mainly Current investments (-€828,966) and Receivables within one year (-€231,999)
- Receivables within one year +€231,999
up €231,999 (+73.7%), from €314,672 to €546,670
of which Trade receivables: +€226,851
- Tangible fixed assets -€79,571
down €79,571 (-14.3%), from €558,118 to €478,547
of which Furniture and vehicles: -€97,829
- Reserves +€330,000
up €330,000 (+15.1%), from €2.2m to €2.5m
of which Distributable reserves: +€330,000
- Tax, wage and social debts +€57,531
up €57,531 (+121.6%), from €47,302 to €104,833
of which Taxes: +€56,720
- Financial income -€17,995
down €17,995 (-25.2%), from €71,378 to €53,383
- Depreciation +€11,048
up €11,048 (+8.7%), from €126,603 to €137,651
- Taxes -€9,146
down €9,146 (-5.8%), from €158,714 to €149,567
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 | €3,436,415 | €3,807,289 | +€370,874 | +10.8% |
| Fixed assets | 21/28 | €558,388 | €478,817 | -€79,571 | -14.3% |
| Tangible fixed assets | 22/27 | €558,118 | €478,547 | -€79,571 | -14.3% |
| Land and buildings | 22 | €279,544 | €298,727 | +€19,183 | +6.9% |
| Plant, machinery and equipment | 23 | €7,122 | €6,197 | -€925 | -13.0% |
| Furniture and vehicles | 24 | €271,452 | €173,623 | -€97,829 | -36.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €2,878,026 | €3,328,471 | +€450,445 | +15.7% |
| Stocks and contracts in progress | 3 | €39,006 | €39,006 | = | 0.0% |
| Stocks | 30/36 | €39,006 | €39,006 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €314,672 | €546,670 | +€231,999 | +73.7% |
| Trade receivables | 40 | €294,121 | €520,971 | +€226,851 | +77.1% |
| Other amounts receivable | 41 | €20,551 | €25,699 | +€5,148 | +25.0% |
| Current investments | 50/53 | €1,518,312 | €2,347,278 | +€828,966 | +54.6% |
| Cash at bank and in hand | 54/58 | €962,746 | €363,876 | -€598,870 | -62.2% |
| Deferred charges and accrued income | 490/1 | €43,291 | €31,641 | -€11,650 | -26.9% |
| Total equity and liabilities | 10/49 | €3,436,415 | €3,807,289 | +€370,874 | +10.8% |
| Equity | 10/15 | €3,229,757 | €3,560,940 | +€331,182 | +10.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,182,088 | €2,512,088 | +€330,000 | +15.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,384 | €17,384 | = | 0.0% |
| Distributable reserves | 133 | €2,158,554 | €2,488,554 | +€330,000 | +15.3% |
| Profit (loss) carried forward | 14 | €986,169 | €987,351 | +€1,182 | +0.1% |
| Amounts payable | 17/49 | €206,657 | €246,349 | +€39,692 | +19.2% |
| Amounts payable within one year | 42/48 | €196,160 | €241,129 | +€44,969 | +22.9% |
| Trade debts | 44 | €148,858 | €136,296 | -€12,562 | -8.4% |
| Suppliers | 440/4 | €148,858 | €136,296 | -€12,562 | -8.4% |
| Taxes, remuneration and social security | 45 | €47,302 | €104,833 | +€57,531 | +121.6% |
| Taxes | 450/3 | €40,928 | €97,648 | +€56,720 | +138.6% |
| Remuneration and social security | 454/9 | €6,374 | €7,185 | +€811 | +12.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €10,497 | €5,220 | -€5,278 | -50.3% |
| Remuneration, social security and pensions | 62 | €43,801 | €40,769 | -€3,032 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,603 | €137,651 | +€11,048 | +8.7% |
| Other operating charges | 640/8 | €13,651 | €9,784 | -€3,867 | -28.3% |
| Gross operating margin | 9900 | €621,067 | €620,823 | -€245 | 0.0% |
| Operating profit (loss) | 9901 | €437,012 | €432,619 | -€4,393 | -1.0% |
| Financial income | 75/76B | €71,378 | €53,383 | -€17,995 | -25.2% |
| Recurring financial income | 75 | €71,378 | €53,383 | -€17,995 | -25.2% |
| Financial charges | 65/66B | €2,854 | €5,252 | +€2,399 | +84.1% |
| Recurring financial charges | 65 | €2,854 | €5,252 | +€2,399 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €505,536 | €480,750 | -€24,787 | -4.9% |
| Income taxes | 67/77 | €158,714 | €149,567 | -€9,146 | -5.8% |
| Profit (loss) for the period | 9904 | €346,823 | €331,182 | -€15,640 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €346,823 | €331,182 | -€15,640 | -4.5% |
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 9 October 2026 via checked.be.