Berkeley Research Group Belgium: 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.
Berkeley Research Group Belgium
Largest movements
- Receivables within one year +€3.1m
up €3.1m (+63.9%), from €4.9m to €8.0m
of which Trade receivables: +€3.5m
- Cash +€2.2m
up €2.2m (+308%), from €711,214 to €2.9m
mainly Other debts (+€7.2m) and Trade debts (+€1.8m)
- Tangible fixed assets +€1.2m
up €1.2m (+107%), from €1.1m to €2.3m
of which Other tangible fixed assets: +€1.3m
- Financial fixed assets +€202,680
up €202,680 (+398%), from €50,874 to €253,554
- Deferred charges and accrued income +€140,681
up €140,681 (+177%), from €79,321 to €220,002
- Other debts +€7.2m
up €7.2m (+50.7%), from €14.2m to €21.4m
- Profit (loss) carried forward -€5.3m
down €5.3m (-43.7%), from -€12.2m to -€17.6m
- Trade debts +€1.8m
up €1.8m (+90.5%), from €2.0m to €3.8m
- Accrued charges and deferred income +€1.7m
up €1.7m (+231%), from €742,671 to €2.5m
- Tax, wage and social debts +€1.5m
up €1.5m (+70.6%), from €2.1m to €3.5m
of which Remuneration and social security: +€1.3m
- Goods and materials -€6.3m
down €6.3m (-45.3%), from €13.8m to €7.6m
- Turnover +€4.0m
up €4.0m (+36.5%), from €11.0m to €15.0m
- Staff costs +€2.2m
up €2.2m (+34.5%), from €6.4m to €8.6m
- Services and other goods +€566,459
up €566,459 (+33.2%), from €1.7m to €2.3m
- Financial charges +€402,736
up €402,736 (+44.1%), from €912,925 to €1.3m
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 | €6,853,738 | €13,717,456 | +€6.9m | +100% |
| Fixed assets | 21/28 | €1,172,805 | €2,580,227 | +€1.4m | +120% |
| Tangible fixed assets | 22/27 | €1,121,931 | €2,326,673 | +€1.2m | +107% |
| Plant, machinery and equipment | 23 | €59,917 | €46,670 | -€13,247 | -22.1% |
| Furniture and vehicles | 24 | €426,405 | €346,949 | -€79,456 | -18.6% |
| Other tangible fixed assets | 26 | €635,608 | €1,931,766 | +€1.3m | +204% |
| Assets under construction and advance payments | 27 | - | €1,288 | +€1,288 | |
| Financial fixed assets | 28 | €50,874 | €253,554 | +€202,680 | +398% |
| Other financial fixed assets | 284/8 | €50,874 | €253,554 | +€202,680 | +398% |
| Amounts receivable and cash guarantees | 285/8 | €50,874 | €253,554 | +€202,680 | +398% |
| Current assets | 29/58 | €5,680,933 | €11,137,229 | +€5.5m | +96.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,890,398 | €8,015,855 | +€3.1m | +63.9% |
| Trade receivables | 40 | €2,927,323 | €6,449,448 | +€3.5m | +120% |
| Other amounts receivable | 41 | €1,963,075 | €1,566,407 | -€396,668 | -20.2% |
| Cash at bank and in hand | 54/58 | €711,214 | €2,901,371 | +€2.2m | +308% |
| Deferred charges and accrued income | 490/1 | €79,321 | €220,002 | +€140,681 | +177% |
| Total equity and liabilities | 10/49 | €6,853,738 | €13,717,456 | +€6.9m | +100% |
| Equity | 10/15 | -€12,161,476 | -€17,500,045 | -€5.3m | -43.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,211,476 | -€17,550,045 | -€5.3m | -43.7% |
| Amounts payable | 17/49 | €19,015,214 | €31,217,501 | +€12.2m | +64.2% |
| Amounts payable after more than one year | 17 | - | €64,130 | +€64,130 | |
| Other amounts payable | 178/9 | - | €64,130 | +€64,130 | |
| Amounts payable within one year | 42/48 | €18,272,543 | €28,692,221 | +€10.4m | +57.0% |
| Trade debts | 44 | €1,990,032 | €3,790,453 | +€1.8m | +90.5% |
| Suppliers | 440/4 | €1,990,032 | €3,790,453 | +€1.8m | +90.5% |
| Advances received on contracts in progress | 46 | €30,000 | €0 | -€30,000 | -100% |
| Taxes, remuneration and social security | 45 | €2,067,460 | €3,526,904 | +€1.5m | +70.6% |
| Taxes | 450/3 | €2,640 | €189,838 | +€187,199 | +7,092% |
| Remuneration and social security | 454/9 | €2,064,821 | €3,337,066 | +€1.3m | +61.6% |
| Other amounts payable | 47/48 | €14,185,050 | €21,374,863 | +€7.2m | +50.7% |
| Accrued charges and deferred income | 492/3 | €742,671 | €2,461,150 | +€1.7m | +231% |
| Operating income | 70/76A | €11,013,488 | €15,145,397 | +€4.1m | +37.5% |
| Turnover | 70 | €11,013,488 | €15,029,764 | +€4.0m | +36.5% |
| Other operating income | 74 | - | €115,632 | +€115,632 | |
| Operating charges | 60/66A | €22,312,039 | €19,371,431 | -€2.9m | -13.2% |
| Goods for resale, raw materials and consumables | 60 | €13,812,900 | €7,555,405 | -€6.3m | -45.3% |
| Purchases | 600/8 | €13,812,900 | €7,555,405 | -€6.3m | -45.3% |
| Services and other goods | 61 | €1,705,956 | €2,272,415 | +€566,459 | +33.2% |
| Remuneration, social security and pensions | 62 | €6,385,581 | €8,589,736 | +€2.2m | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,852 | €540,752 | +€292,901 | +118% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,689 | €158,673 | +€108,984 | +219% |
| Other operating charges | 640/8 | €110,060 | €254,451 | +€144,390 | +131% |
| Operating profit (loss) | 9901 | -€11,298,551 | -€4,226,035 | +€7.1m | +62.6% |
| Financial income | 75/76B | - | €203,127 | +€203,127 | |
| Recurring financial income | 75 | - | €203,127 | +€203,127 | |
| Income from financial fixed assets | 750 | - | €9,650 | +€9,650 | |
| Other financial income | 752/9 | - | €193,476 | +€193,476 | |
| Financial charges | 65/66B | €912,925 | €1,315,661 | +€402,736 | +44.1% |
| Recurring financial charges | 65 | €912,925 | €1,315,661 | +€402,736 | +44.1% |
| Debt charges | 650 | €743,415 | €1,294,750 | +€551,335 | +74.2% |
| Other financial charges | 652/9 | €169,510 | €20,911 | -€148,599 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,211,476 | -€5,338,569 | +€6.9m | +56.3% |
| Profit (loss) for the period | 9904 | -€12,211,476 | -€5,338,569 | +€6.9m | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,211,476 | -€5,338,569 | +€6.9m | +56.3% |
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 31 October 2026 via checked.be.