BERLAUR: 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.
BERLAUR
Largest movements
- Stocks and contracts +€550,295
up €550,295 (+728.5%), from €75,534 to €625,830
- Receivables within one year -€208,220
down €208,220 (-11.7%), from €1.8m to €1.6m
of which Other amounts receivable: -€221,381
- Cash -€75,712
down €75,712 (-45.6%), from €166,178 to €90,466
- Other debts +€253,000
new in 2025: €253,000
- Tax, wage and social debts -€148,602
down €148,602 (-97.1%), from €153,103 to €4,502
- Trade debts +€132,678
up €132,678 (+724.5%), from €18,313 to €150,992
- Debts after one year -€41,158
down €41,158 (-6.8%), from €601,394 to €560,236
of which Financial debts: -€41,158
- Gross operating margin +€24,663
up €24,663 (+13.8%), from €178,652 to €203,314
- Financial charges +€22,139
up €22,139 (+167.2%), from €13,241 to €35,380
- Depreciation +€17,784
up €17,784 (+55.8%), from €31,865 to €49,649
- Taxes +€4,825
up €4,825 (+10.4%), from €46,520 to €51,345
- Financial income +€3,178
up €3,178 (+9.8%), from €32,355 to €35,533
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,249,430 | €3,512,043 | +€262,613 | +8.1% |
| Fixed assets | 21/28 | €1,225,395 | €1,221,645 | -€3,750 | -0.3% |
| Tangible fixed assets | 22/27 | €1,187,895 | €1,184,145 | -€3,750 | -0.3% |
| Land and buildings | 22 | €1,074,281 | €1,100,025 | +€25,744 | +2.4% |
| Plant, machinery and equipment | 23 | €1,862 | €4,212 | +€2,350 | +126.2% |
| Furniture and vehicles | 24 | - | €37,048 | +€37,048 | |
| Other tangible fixed assets | 26 | €1,559 | €39,835 | +€38,276 | +2455.2% |
| Assets under construction and advance payments | 27 | €110,193 | €3,025 | -€107,168 | -97.3% |
| Financial fixed assets | 28 | €37,500 | €37,500 | = | 0.0% |
| Current assets | 29/58 | €2,024,035 | €2,290,398 | +€266,363 | +13.2% |
| Stocks and contracts in progress | 3 | €75,534 | €625,830 | +€550,295 | +728.5% |
| Stocks | 30/36 | €75,534 | €625,830 | +€550,295 | +728.5% |
| Amounts receivable within one year | 40/41 | €1,782,322 | €1,574,102 | -€208,220 | -11.7% |
| Trade receivables | 40 | €251,191 | €264,352 | +€13,160 | +5.2% |
| Other amounts receivable | 41 | €1,531,131 | €1,309,750 | -€221,381 | -14.5% |
| Cash at bank and in hand | 54/58 | €166,178 | €90,466 | -€75,712 | -45.6% |
| Total equity and liabilities | 10/49 | €3,249,430 | €3,512,043 | +€262,613 | +8.1% |
| Equity | 10/15 | €2,438,693 | €2,459,075 | +€20,382 | +0.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €2,363,693 | €2,384,075 | +€20,382 | +0.9% |
| Non-distributable reserves | 130/1 | €7,500 | €0 | -€7,500 | -100.0% |
| Reserves not available under the articles | 1311 | €7,500 | €0 | -€7,500 | -100.0% |
| Distributable reserves | 133 | €2,356,193 | €2,384,075 | +€27,882 | +1.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €810,737 | €1,052,968 | +€242,231 | +29.9% |
| Amounts payable after more than one year | 17 | €601,394 | €560,236 | -€41,158 | -6.8% |
| Financial debts | 170/4 | €600,911 | €559,753 | -€41,158 | -6.8% |
| Other amounts payable | 178/9 | €484 | €484 | = | 0.0% |
| Amounts payable within one year | 42/48 | €209,342 | €475,884 | +€266,542 | +127.3% |
| Current portion of amounts payable after more than one year | 42 | €37,926 | €37,266 | -€659 | -1.7% |
| Financial debts | 43 | - | €30,125 | +€30,125 | |
| Credit institutions | 430/8 | - | €30,125 | +€30,125 | |
| Trade debts | 44 | €18,313 | €150,992 | +€132,678 | +724.5% |
| Suppliers | 440/4 | €18,313 | €150,992 | +€132,678 | +724.5% |
| Taxes, remuneration and social security | 45 | €153,103 | €4,502 | -€148,602 | -97.1% |
| Taxes | 450/3 | €153,103 | €4,502 | -€148,602 | -97.1% |
| Other amounts payable | 47/48 | - | €253,000 | +€253,000 | |
| Accrued charges and deferred income | 492/3 | - | €16,848 | +€16,848 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,865 | €49,649 | +€17,784 | +55.8% |
| Other operating charges | 640/8 | €3,502 | €4,892 | +€1,390 | +39.7% |
| Gross operating margin | 9900 | €178,652 | €203,314 | +€24,663 | +13.8% |
| Operating profit (loss) | 9901 | €143,284 | €148,774 | +€5,489 | +3.8% |
| Financial income | 75/76B | €32,355 | €35,533 | +€3,178 | +9.8% |
| Recurring financial income | 75 | €32,355 | €35,533 | +€3,178 | +9.8% |
| Financial charges | 65/66B | €13,241 | €35,380 | +€22,139 | +167.2% |
| Recurring financial charges | 65 | €13,241 | €35,380 | +€22,139 | +167.2% |
| Profit (loss) for the period before taxes | 9903 | €162,399 | €148,927 | -€13,472 | -8.3% |
| Income taxes | 67/77 | €46,520 | €51,345 | +€4,825 | +10.4% |
| Profit (loss) for the period | 9904 | €115,878 | €97,582 | -€18,297 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,878 | €97,582 | -€18,297 | -15.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.