BERKENHOF: 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.
BERKENHOF
Largest movements
- Stocks and contracts +€36,826
up €36,826 (+9.2%), from €400,155 to €436,982
- Cash +€33,701
up €33,701 (+163%), from €20,724 to €54,425
mainly Other debts (+€49,789) and Net result for the year (+€35,246)
- Receivables within one year +€20,803
up €20,803 (+33.5%), from €62,108 to €82,911
of which Trade receivables: +€19,544
- Other debts +€49,789
up €49,789 (+11.3%), from €442,503 to €492,291
- Reserves +€35,246
up €35,246 (+11.7%), from €300,474 to €335,720
of which Distributable reserves: +€37,601
- Accrued charges and deferred income +€26,072
up €26,072 (+209%), from €12,457 to €38,529
- Trade debts -€12,379
down €12,379 (-10.7%), from €115,333 to €102,954
- Depreciation +€4,549
up €4,549 (+22.9%), from €19,858 to €24,407
- Financial income +€3,706
up €3,706 (+1,384%), from €268 to €3,973
- Other operating charges +€3,298
up €3,298 (+28.4%), from €11,595 to €14,893
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 | €897,584 | €998,059 | +€100,475 | +11.2% |
| Fixed assets | 21/28 | €409,828 | €420,488 | +€10,660 | +2.6% |
| Tangible fixed assets | 22/27 | €371,680 | €377,265 | +€5,585 | +1.5% |
| Land and buildings | 22 | €337,002 | €331,533 | -€5,469 | -1.6% |
| Plant, machinery and equipment | 23 | €20,173 | €34,507 | +€14,334 | +71.1% |
| Furniture and vehicles | 24 | €14,506 | €11,226 | -€3,280 | -22.6% |
| Financial fixed assets | 28 | €38,148 | €43,223 | +€5,076 | +13.3% |
| Current assets | 29/58 | €487,757 | €577,571 | +€89,815 | +18.4% |
| Stocks and contracts in progress | 3 | €400,155 | €436,982 | +€36,826 | +9.2% |
| Stocks | 30/36 | €400,155 | €436,982 | +€36,826 | +9.2% |
| Amounts receivable within one year | 40/41 | €62,108 | €82,911 | +€20,803 | +33.5% |
| Trade receivables | 40 | €36,896 | €56,440 | +€19,544 | +53.0% |
| Other amounts receivable | 41 | €25,212 | €26,471 | +€1,259 | +5.0% |
| Cash at bank and in hand | 54/58 | €20,724 | €54,425 | +€33,701 | +163% |
| Deferred charges and accrued income | 490/1 | €4,770 | €3,254 | -€1,516 | -31.8% |
| Total equity and liabilities | 10/49 | €897,584 | €998,059 | +€100,475 | +11.2% |
| Equity | 10/15 | €324,024 | €359,270 | +€35,246 | +10.9% |
| Contributions | 10/11 | €23,550 | €23,550 | = | 0.0% |
| Reserves | 13 | €300,474 | €335,720 | +€35,246 | +11.7% |
| Non-distributable reserves | 130/1 | €2,355 | €0 | -€2,355 | -100% |
| Reserves not available under the articles | 1311 | €2,355 | €0 | -€2,355 | -100% |
| Distributable reserves | 133 | €298,119 | €335,720 | +€37,601 | +12.6% |
| Amounts payable | 17/49 | €573,560 | €638,790 | +€65,229 | +11.4% |
| Amounts payable within one year | 42/48 | €561,103 | €600,260 | +€39,158 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €115,333 | €102,954 | -€12,379 | -10.7% |
| Suppliers | 440/4 | €115,333 | €102,954 | -€12,379 | -10.7% |
| Taxes, remuneration and social security | 45 | €3,267 | €5,015 | +€1,748 | +53.5% |
| Taxes | 450/3 | €0 | €208 | +€208 | |
| Remuneration and social security | 454/9 | €3,267 | €4,807 | +€1,539 | +47.1% |
| Other amounts payable | 47/48 | €442,503 | €492,291 | +€49,789 | +11.3% |
| Accrued charges and deferred income | 492/3 | €12,457 | €38,529 | +€26,072 | +209% |
| Remuneration, social security and pensions | 62 | €38,482 | €39,345 | +€862 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,858 | €24,407 | +€4,549 | +22.9% |
| Other operating charges | 640/8 | €11,595 | €14,893 | +€3,298 | +28.4% |
| Gross operating margin | 9900 | €128,613 | €129,628 | +€1,015 | +0.8% |
| Operating profit (loss) | 9901 | €58,678 | €50,983 | -€7,695 | -13.1% |
| Financial income | 75/76B | €268 | €3,973 | +€3,706 | +1,384% |
| Recurring financial income | 75 | €268 | €3,973 | +€3,706 | +1,384% |
| Financial charges | 65/66B | €354 | €477 | +€123 | +34.8% |
| Recurring financial charges | 65 | €354 | €477 | +€123 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €58,592 | €54,479 | -€4,113 | -7.0% |
| Income taxes | 67/77 | €18,457 | €19,234 | +€777 | +4.2% |
| Profit (loss) for the period | 9904 | €40,135 | €35,246 | -€4,890 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,135 | €35,246 | -€4,890 | -12.2% |
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 23 October 2026 via checked.be.