Berlec: 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.
Berlec
Largest movements
- Current investments +€25,071
up €25,071 (+26.1%), from €96,204 to €121,276
- Cash +€8,592
up €8,592 (+182.1%), from €4,717 to €13,309
mainly Net result for the year (+€23,438) and Tax, wage and social debts (+€6,887)
- Reserves +€23,438
up €23,438 (+11.5%), from €203,838 to €227,276
- Tax, wage and social debts +€6,887
up €6,887 (+41.3%), from €16,663 to €23,550
- Other operating charges -€1,466
down €1,466 (-50.7%), from €2,893 to €1,426
- Gross operating margin +€725
up €725 (+2.5%), from €28,836 to €29,561
- Taxes +€622
up €622 (+8.8%), from €7,073 to €7,695
- Depreciation -€383
down €383 (-17.1%), from €2,233 to €1,850
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,830 | €257,909 | +€29,079 | +12.7% |
| Fixed assets | 21/28 | €8,675 | €6,536 | -€2,139 | -24.7% |
| Tangible fixed assets | 22/27 | €8,675 | €6,536 | -€2,139 | -24.7% |
| Plant, machinery and equipment | 23 | €8,675 | €6,536 | -€2,139 | -24.7% |
| Current assets | 29/58 | €220,155 | €251,373 | +€31,218 | +14.2% |
| Amounts receivable within one year | 40/41 | €111,472 | €108,926 | -€2,546 | -2.3% |
| Trade receivables | 40 | €25,513 | €14,974 | -€10,538 | -41.3% |
| Other amounts receivable | 41 | €85,960 | €93,952 | +€7,992 | +9.3% |
| Current investments | 50/53 | €96,204 | €121,276 | +€25,071 | +26.1% |
| Cash at bank and in hand | 54/58 | €4,717 | €13,309 | +€8,592 | +182.1% |
| Deferred charges and accrued income | 490/1 | €7,761 | €7,862 | +€101 | +1.3% |
| Total equity and liabilities | 10/49 | €228,830 | €257,909 | +€29,079 | +12.7% |
| Equity | 10/15 | €210,038 | €233,476 | +€23,438 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,838 | €227,276 | +€23,438 | +11.5% |
| Distributable reserves | 133 | €203,838 | €227,276 | +€23,438 | +11.5% |
| Amounts payable | 17/49 | €18,792 | €24,433 | +€5,641 | +30.0% |
| Amounts payable within one year | 42/48 | €18,442 | €24,433 | +€5,991 | +32.5% |
| Trade debts | 44 | €1,778 | €883 | -€895 | -50.3% |
| Suppliers | 440/4 | €1,778 | €883 | -€895 | -50.3% |
| Taxes, remuneration and social security | 45 | €16,663 | €23,550 | +€6,887 | +41.3% |
| Taxes | 450/3 | €16,663 | €23,550 | +€6,887 | +41.3% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,233 | €1,850 | -€383 | -17.1% |
| Other operating charges | 640/8 | €2,893 | €1,426 | -€1,466 | -50.7% |
| Non-recurring operating charges | 66A | - | €289 | +€289 | |
| Gross operating margin | 9900 | €28,836 | €29,561 | +€725 | +2.5% |
| Operating profit (loss) | 9901 | €23,710 | €25,996 | +€2,286 | +9.6% |
| Financial income | 75/76B | €5,494 | €5,487 | -€7 | -0.1% |
| Recurring financial income | 75 | €5,494 | €5,487 | -€7 | -0.1% |
| Financial charges | 65/66B | €305 | €350 | +€45 | +14.9% |
| Recurring financial charges | 65 | €305 | €350 | +€45 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €28,899 | €31,132 | +€2,233 | +7.7% |
| Income taxes | 67/77 | €7,073 | €7,695 | +€622 | +8.8% |
| Profit (loss) for the period | 9904 | €21,826 | €23,438 | +€1,612 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,826 | €23,438 | +€1,612 | +7.4% |
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 9 October 2026 via checked.be.