BERGHMAN: 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.
BERGHMAN
Largest movements
- Tangible fixed assets +€9,700
up €9,700 (+8.2%), from €118,406 to €128,106
of which Plant, machinery and equipment: +€18,521
- Receivables within one year +€9,175
up €9,175 (+50.0%), from €18,365 to €27,540
of which Trade receivables: +€9,283
- Stocks and contracts +€3,903
up €3,903 (+39.6%), from €9,853 to €13,756
- Reserves +€20,828
up €20,828 (+32.3%), from €64,548 to €85,376
of which Distributable reserves: +€22,039
- Trade debts -€18,289
down €18,289 (-61.3%), from €29,843 to €11,553
- Other debts +€9,607
up €9,607 (+495.4%), from €1,939 to €11,546
- Debts after one year +€8,488
up €8,488 (+15.4%), from €55,166 to €63,653
of which Financial debts: +€8,488
- Current portion of long-term debt +€7,007
up €7,007 (+32.6%), from €21,505 to €28,512
- Gross operating margin +€5,518
up €5,518 (+9.1%), from €60,507 to €66,025
- Taxes +€5,310
up €5,310 (+83.9%), from €6,328 to €11,638
- Depreciation +€1,410
up €1,410 (+5.0%), from €28,005 to €29,415
- Financial income +€987
up €987 (+1011.7%), from €98 to €1,084
- Other operating charges -€801
down €801 (-28.0%), from €2,864 to €2,063
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 | €188,822 | €211,985 | +€23,163 | +12.3% |
| Fixed assets | 21/28 | €118,416 | €128,116 | +€9,700 | +8.2% |
| Tangible fixed assets | 22/27 | €118,406 | €128,106 | +€9,700 | +8.2% |
| Land and buildings | 22 | €54,395 | €60,673 | +€6,278 | +11.5% |
| Plant, machinery and equipment | 23 | €17,962 | €36,483 | +€18,521 | +103.1% |
| Furniture and vehicles | 24 | €40,308 | €30,872 | -€9,436 | -23.4% |
| Leasing and similar rights | 25 | €5,741 | €78 | -€5,664 | -98.6% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €70,406 | €83,869 | +€13,463 | +19.1% |
| Stocks and contracts in progress | 3 | €9,853 | €13,756 | +€3,903 | +39.6% |
| Stocks | 30/36 | €9,853 | €13,756 | +€3,903 | +39.6% |
| Amounts receivable within one year | 40/41 | €18,365 | €27,540 | +€9,175 | +50.0% |
| Trade receivables | 40 | €10,723 | €20,006 | +€9,283 | +86.6% |
| Other amounts receivable | 41 | €7,642 | €7,534 | -€108 | -1.4% |
| Cash at bank and in hand | 54/58 | €36,506 | €36,335 | -€171 | -0.5% |
| Deferred charges and accrued income | 490/1 | €5,681 | €6,237 | +€556 | +9.8% |
| Total equity and liabilities | 10/49 | €188,822 | €211,985 | +€23,163 | +12.3% |
| Equity | 10/15 | €70,748 | €91,576 | +€20,828 | +29.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,548 | €85,376 | +€20,828 | +32.3% |
| Non-distributable reserves | 130/1 | €1,390 | €1,390 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,390 | €1,390 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,563 | €4,351 | -€1,212 | -21.8% |
| Distributable reserves | 133 | €57,595 | €79,634 | +€22,039 | +38.3% |
| Provisions and deferred taxes | 16 | €1,854 | €1,450 | -€404 | -21.8% |
| Deferred taxes | 168 | €1,854 | €1,450 | -€404 | -21.8% |
| Amounts payable | 17/49 | €116,219 | €118,958 | +€2,739 | +2.4% |
| Amounts payable after more than one year | 17 | €55,166 | €63,653 | +€8,488 | +15.4% |
| Financial debts | 170/4 | €40,166 | €48,653 | +€8,488 | +21.1% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,674 | €54,243 | -€5,431 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €21,505 | €28,512 | +€7,007 | +32.6% |
| Trade debts | 44 | €29,843 | €11,553 | -€18,289 | -61.3% |
| Suppliers | 440/4 | €29,843 | €11,553 | -€18,289 | -61.3% |
| Taxes, remuneration and social security | 45 | €6,387 | €2,631 | -€3,756 | -58.8% |
| Taxes | 450/3 | €50 | €1,111 | +€1,061 | +2122.1% |
| Remuneration and social security | 454/9 | €6,337 | €1,520 | -€4,817 | -76.0% |
| Other amounts payable | 47/48 | €1,939 | €11,546 | +€9,607 | +495.4% |
| Accrued charges and deferred income | 492/3 | €1,379 | €1,062 | -€317 | -23.0% |
| Non-recurring operating income | 76A | €12,674 | €12,500 | -€174 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,005 | €29,415 | +€1,410 | +5.0% |
| Other operating charges | 640/8 | €2,864 | €2,063 | -€801 | -28.0% |
| Gross operating margin | 9900 | €60,507 | €66,025 | +€5,518 | +9.1% |
| Operating profit (loss) | 9901 | €29,639 | €34,548 | +€4,909 | +16.6% |
| Financial income | 75/76B | €98 | €1,084 | +€987 | +1011.7% |
| Recurring financial income | 75 | €98 | €1,084 | +€987 | +1011.7% |
| Financial charges | 65/66B | €3,834 | €3,570 | -€264 | -6.9% |
| Recurring financial charges | 65 | €3,834 | €3,570 | -€264 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €25,902 | €32,061 | +€6,159 | +23.8% |
| Transfer from deferred taxes | 780 | €271 | €404 | +€133 | +49.2% |
| Transfer to deferred taxes | 680 | €2,125 | €0 | -€2,125 | -100.0% |
| Income taxes | 67/77 | €6,328 | €11,638 | +€5,310 | +83.9% |
| Profit (loss) for the period | 9904 | €17,720 | €20,828 | +€3,108 | +17.5% |
| Transfer from tax-exempt reserves | 789 | €812 | €1,212 | +€400 | +49.2% |
| Transfer to tax-exempt reserves | 689 | €6,375 | €0 | -€6,375 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,157 | €22,039 | +€9,883 | +81.3% |
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.