BERLAM: what changed
BERLAM
Largest movements
- Receivables within one year +€144,605
up €144,605 (+547%), from €26,417 to €171,022
of which Trade receivables: +€93,453
- Cash +€47,886
up €47,886 (+78.4%), from €61,072 to €108,958
mainly Net result for the year (+€138,185) and Trade debts (+€65,381)
- Deferred charges and accrued income +€21,862
up €21,862 (+321%), from €6,807 to €28,669
- Tangible fixed assets +€19,705
up €19,705 (+728%), from €2,705 to €22,409
of which Furniture and vehicles: +€17,914
- Stocks and contracts +€4,729
new in 2025: €4,729
- Profit (loss) carried forward +€138,185
up €138,185 (+286%), from €48,256 to €186,441
- Trade debts +€65,381
up €65,381 (+289%), from €22,606 to €87,986
- Tax, wage and social debts +€40,252
up €40,252 (+218%), from €18,483 to €58,735
- Advances received -€5,031
no longer reported in 2025 (was €5,031)
- Gross operating margin +€118,165
up €118,165 (+195%), from €60,635 to €178,800
- Taxes +€27,528
up €27,528 (+226%), from €12,171 to €39,699
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,376 | €336,162 | +€238,786 | +245% |
| Fixed assets | 21/28 | €3,080 | €22,784 | +€19,705 | +640% |
| Tangible fixed assets | 22/27 | €2,705 | €22,409 | +€19,705 | +728% |
| Plant, machinery and equipment | 23 | - | €1,791 | +€1,791 | |
| Furniture and vehicles | 24 | €2,705 | €20,618 | +€17,914 | +662% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €94,296 | €313,378 | +€219,081 | +232% |
| Stocks and contracts in progress | 3 | - | €4,729 | +€4,729 | |
| Stocks | 30/36 | - | €4,729 | +€4,729 | |
| Amounts receivable within one year | 40/41 | €26,417 | €171,022 | +€144,605 | +547% |
| Trade receivables | 40 | €26,415 | €119,868 | +€93,453 | +354% |
| Other amounts receivable | 41 | €2 | €51,154 | +€51,152 | +2,706,445% |
| Cash at bank and in hand | 54/58 | €61,072 | €108,958 | +€47,886 | +78.4% |
| Deferred charges and accrued income | 490/1 | €6,807 | €28,669 | +€21,862 | +321% |
| Total equity and liabilities | 10/49 | €97,376 | €336,162 | +€238,786 | +245% |
| Equity | 10/15 | €51,256 | €189,441 | +€138,185 | +270% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,256 | €186,441 | +€138,185 | +286% |
| Amounts payable | 17/49 | €46,120 | €146,722 | +€100,601 | +218% |
| Amounts payable within one year | 42/48 | €46,120 | €146,722 | +€100,601 | +218% |
| Trade debts | 44 | €22,606 | €87,986 | +€65,381 | +289% |
| Suppliers | 440/4 | €22,606 | €87,986 | +€65,381 | +289% |
| Advances received on contracts in progress | 46 | €5,031 | - | -€5,031 | |
| Taxes, remuneration and social security | 45 | €18,483 | €58,735 | +€40,252 | +218% |
| Taxes | 450/3 | €18,483 | €58,735 | +€40,252 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44 | €610 | +€566 | +1,285% |
| Other operating charges | 640/8 | €149 | €320 | +€171 | +115% |
| Gross operating margin | 9900 | €60,635 | €178,800 | +€118,165 | +195% |
| Operating profit (loss) | 9901 | €60,442 | €177,870 | +€117,428 | +194% |
| Financial income | 75/76B | €0 | €238 | +€238 | +1,188,700% |
| Recurring financial income | 75 | €0 | €238 | +€238 | +1,188,700% |
| Financial charges | 65/66B | €15 | €224 | +€209 | +1,384% |
| Recurring financial charges | 65 | €15 | €224 | +€209 | +1,384% |
| Profit (loss) for the period before taxes | 9903 | €60,427 | €177,883 | +€117,456 | +194% |
| Income taxes | 67/77 | €12,171 | €39,699 | +€27,528 | +226% |
| Profit (loss) for the period | 9904 | €48,256 | €138,185 | +€89,928 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €48,256 | €138,185 | +€89,928 | +186% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.