BERJO: 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.
What changed
BERJO
NACE 01.410, Raising of dairy cattle
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€66,963
2024 · -€144,035+€77,072
Equity
€134,461
2024 · €201,425-€66,963
Cash
€370,767
2024 · €24,960+€345,807
Balance sheet total
€5.2m
2024 · €4.6m+€608,507
Largest movements
Assets
- Tangible fixed assets +€403,574
up €403,574 (+14.0%), from €2.9m to €3.3m
of which Land and buildings: +€421,576
- Cash +€345,807
up €345,807 (+1385.5%), from €24,960 to €370,767
mainly Debts after one year (+€622,221) and Stocks and contracts (+€155,000)
- Stocks and contracts -€155,000
down €155,000 (-70.5%), from €220,000 to €65,000
Equity and liabilities
- Debts after one year +€622,221
up €622,221 (+14.3%), from €4.3m to €5.0m
- Profit (loss) carried forward -€66,519
down €66,519 (-46.3%), from -€143,590 to -€210,109
Income statement
- Gross operating margin +€118,828
up €118,828, from -€9,596 to €109,232
- Depreciation +€29,603
up €29,603 (+24.6%), from €120,216 to €149,819
- Other operating charges +€6,423
up €6,423 (+29.4%), from €21,867 to €28,290
- Financial charges +€6,255
up €6,255 (+67.0%), from €9,340 to €15,595
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.
Result 2024
-€144,035
Gross operating margin
+€118,828
Depreciation
-€29,603
Other operating charges
-€6,423
Financial income
+€525
Financial charges
-€6,255
Result 2025
-€66,963
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.
From operations
+€243,384
Investment
-€553,393
Financing
+€655,817
Cash 2024
€24,960
From operations (derived)
+€243,384
Net result for the year
-€66,963
Depreciation
+€149,819
Receivables after one year
-€25,592
Stocks and contracts
+€155,000
Receivables within one year
+€12,528
Smaller working-capital items
-€740
Trade debts
+€18,440
Tax, wage and social debts
+€3,392
Other debts
-€2,500
Investment (derived)
-€553,393
Investment in fixed assets (net)
-€553,393
Financing
+€655,817
Debts after one year
+€622,221
Current portion of long-term debt
+€33,596
Cash 2025
€370,767
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,627,326 | €5,235,833 | +€608,507 | +13.2% |
| Fixed assets | 21/28 | €2,880,812 | €3,284,386 | +€403,574 | +14.0% |
| Tangible fixed assets | 22/27 | €2,880,718 | €3,284,292 | +€403,574 | +14.0% |
| Land and buildings | 22 | €2,815,201 | €3,236,777 | +€421,576 | +15.0% |
| Plant, machinery and equipment | 23 | €27,859 | €23,719 | -€4,140 | -14.9% |
| Furniture and vehicles | 24 | €37,657 | €23,796 | -€13,861 | -36.8% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €1,746,514 | €1,951,447 | +€204,933 | +11.7% |
| Amounts receivable after more than one year | 29 | €1,436,685 | €1,462,277 | +€25,592 | +1.8% |
| Other amounts receivable | 291 | €1,436,685 | €1,462,277 | +€25,592 | +1.8% |
| Stocks and contracts in progress | 3 | €220,000 | €65,000 | -€155,000 | -70.5% |
| Stocks | 30/36 | €220,000 | €65,000 | -€155,000 | -70.5% |
| Amounts receivable within one year | 40/41 | €64,869 | €52,341 | -€12,528 | -19.3% |
| Trade receivables | 40 | €33,133 | €43,160 | +€10,026 | +30.3% |
| Other amounts receivable | 41 | €31,736 | €9,181 | -€22,555 | -71.1% |
| Cash at bank and in hand | 54/58 | €24,960 | €370,767 | +€345,807 | +1385.5% |
| Deferred charges and accrued income | 490/1 | - | €1,062 | +€1,062 | |
| Total equity and liabilities | 10/49 | €4,627,326 | €5,235,833 | +€608,507 | +13.2% |
| Equity | 10/15 | €201,425 | €134,461 | -€66,963 | -33.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €95,015 | €94,570 | -€445 | -0.5% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,038 | €593 | -€445 | -42.9% |
| Distributable reserves | 133 | €68,977 | €68,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,590 | -€210,109 | -€66,519 | -46.3% |
| Provisions and deferred taxes | 16 | €697 | €398 | -€299 | -42.9% |
| Deferred taxes | 168 | €697 | €398 | -€299 | -42.9% |
| Amounts payable | 17/49 | €4,425,204 | €5,100,973 | +€675,770 | +15.3% |
| Amounts payable after more than one year | 17 | €4,342,323 | €4,964,544 | +€622,221 | +14.3% |
| Financial debts | 170/4 | €4,342,323 | €4,964,544 | +€622,221 | +14.3% |
| Amounts payable within one year | 42/48 | €76,368 | €129,295 | +€52,928 | +69.3% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €63,596 | +€33,596 | +112.0% |
| Trade debts | 44 | €22,368 | €40,808 | +€18,440 | +82.4% |
| Suppliers | 440/4 | €22,368 | €40,808 | +€18,440 | +82.4% |
| Taxes, remuneration and social security | 45 | - | €3,392 | +€3,392 | |
| Taxes | 450/3 | - | €3,392 | +€3,392 | |
| Other amounts payable | 47/48 | €24,000 | €21,500 | -€2,500 | -10.4% |
| Accrued charges and deferred income | 492/3 | €6,513 | €7,134 | +€621 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,216 | €149,819 | +€29,603 | +24.6% |
| Other operating charges | 640/8 | €21,867 | €28,290 | +€6,423 | +29.4% |
| Gross operating margin | 9900 | -€9,596 | €109,232 | +€118,828 | |
| Operating profit (loss) | 9901 | -€151,679 | -€68,877 | +€82,802 | +54.6% |
| Financial income | 75/76B | €16,685 | €17,210 | +€525 | +3.1% |
| Recurring financial income | 75 | €16,685 | €17,210 | +€525 | +3.1% |
| Financial charges | 65/66B | €9,340 | €15,595 | +€6,255 | +67.0% |
| Recurring financial charges | 65 | €9,340 | €15,595 | +€6,255 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | -€144,334 | -€67,262 | +€77,072 | +53.4% |
| Transfer from deferred taxes | 780 | €299 | €299 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€144,035 | -€66,963 | +€77,072 | +53.5% |
| Transfer from tax-exempt reserves | 789 | €445 | €445 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€143,590 | -€66,519 | +€77,072 | +53.7% |
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 12 October 2026 via checked.be.