BERLIN: 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.
BERLIN
Largest movements
- Stocks and contracts -€508,100
no longer reported in 2025 (was €508,100)
- Receivables within one year -€170,809
down €170,809 (-8.2%), from €2.1m to €1.9m
of which Trade receivables: -€368,179
- Tangible fixed assets -€162,160
down €162,160 (-46.9%), from €345,968 to €183,807
of which Land and buildings: -€110,359
- Intangible fixed assets -€150,000
down €150,000 (-33.3%), from €449,886 to €299,886
- Current investments +€77,460
new in 2025: €77,460
- Profit (loss) carried forward -€371,520
down €371,520 (-31.2%), from €1.2m to €818,542
- Trade debts -€362,199
down €362,199 (-36.0%), from €1.0m to €643,534
- Current portion of long-term debt +€215,292
up €215,292 (+71.1%), from €302,963 to €518,255
- Debts after one year -€150,939
down €150,939 (-56.7%), from €266,333 to €115,395
- Short-term financial debts -€125,484
down €125,484 (-45.7%), from €274,820 to €149,336
- Staff costs +€435,958
up €435,958 (+25.8%), from €1.7m to €2.1m
- Taxes -€343,297
down €343,297 (-95.2%), from €360,511 to €17,214
- Gross operating margin -€305,638
down €305,638 (-13.0%), from €2.3m to €2.0m
- Depreciation +€163,167
up €163,167 (+120.5%), from €135,412 to €298,579
- Financial charges +€60,237
up €60,237 (+139.3%), from €43,254 to €103,491
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
A cash bridge needs two consecutive financial 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,516,238 | €2,573,700 | -€942,537 | -26.8% |
| Fixed assets | 21/28 | €795,891 | €483,731 | -€312,160 | -39.2% |
| Intangible fixed assets | 21 | €449,886 | €299,886 | -€150,000 | -33.3% |
| Tangible fixed assets | 22/27 | €345,968 | €183,807 | -€162,160 | -46.9% |
| Land and buildings | 22 | €244,926 | €134,567 | -€110,359 | -45.1% |
| Plant, machinery and equipment | 23 | €73,022 | €27,199 | -€45,823 | -62.8% |
| Furniture and vehicles | 24 | €28,019 | €22,041 | -€5,978 | -21.3% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €2,720,347 | €2,089,970 | -€630,377 | -23.2% |
| Stocks and contracts in progress | 3 | €508,100 | - | -€508,100 | |
| Contracts in progress | 37 | €508,100 | - | -€508,100 | |
| Amounts receivable within one year | 40/41 | €2,073,123 | €1,902,313 | -€170,809 | -8.2% |
| Trade receivables | 40 | €1,740,679 | €1,372,500 | -€368,179 | -21.2% |
| Other amounts receivable | 41 | €332,444 | €529,813 | +€197,370 | +59.4% |
| Current investments | 50/53 | - | €77,460 | +€77,460 | |
| Cash at bank and in hand | 54/58 | €139,124 | €104,121 | -€35,003 | -25.2% |
| Deferred charges and accrued income | 490/1 | - | €6,075 | +€6,075 | |
| Total equity and liabilities | 10/49 | €3,516,238 | €2,573,700 | -€942,537 | -26.8% |
| Equity | 10/15 | €1,351,319 | €873,078 | -€478,241 | -35.4% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Contributions outside capital | 11 | €49,579 | - | -€49,579 | |
| Other | 1109/19 | €49,579 | - | -€49,579 | |
| Reserves | 13 | €111,679 | €4,958 | -€106,721 | -95.6% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €106,721 | - | -€106,721 | |
| Profit (loss) carried forward | 14 | €1,190,061 | €818,542 | -€371,520 | -31.2% |
| Provisions and deferred taxes | 16 | €44,450 | - | -€44,450 | |
| Deferred taxes | 168 | €44,450 | - | -€44,450 | |
| Amounts payable | 17/49 | €2,120,469 | €1,700,622 | -€419,847 | -19.8% |
| Amounts payable after more than one year | 17 | €266,333 | €115,395 | -€150,939 | -56.7% |
| Financial debts | 170/4 | €266,333 | €115,395 | -€150,939 | -56.7% |
| Amounts payable within one year | 42/48 | €1,852,775 | €1,585,227 | -€267,547 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €302,963 | €518,255 | +€215,292 | +71.1% |
| Financial debts | 43 | €274,820 | €149,336 | -€125,484 | -45.7% |
| Credit institutions | 430/8 | €274,820 | €149,336 | -€125,484 | -45.7% |
| Trade debts | 44 | €1,005,733 | €643,534 | -€362,199 | -36.0% |
| Suppliers | 440/4 | €1,005,733 | €643,534 | -€362,199 | -36.0% |
| Taxes, remuneration and social security | 45 | €199,259 | €204,102 | +€4,843 | +2.4% |
| Taxes | 450/3 | - | €81,867 | +€81,867 | |
| Remuneration and social security | 454/9 | €199,259 | €122,236 | -€77,023 | -38.7% |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,360 | - | -€1,360 | |
| Remuneration, social security and pensions | 62 | €1,689,396 | €2,125,354 | +€435,958 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,412 | €298,579 | +€163,167 | +120.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,802 | - | -€12,802 | |
| Other operating charges | 640/8 | €27,040 | €15,890 | -€11,151 | -41.2% |
| Gross operating margin | 9900 | €2,343,220 | €2,037,582 | -€305,638 | -13.0% |
| Operating profit (loss) | 9901 | €478,570 | -€402,240 | -€880,811 | |
| Financial income | 75/76B | €7,038 | €255 | -€6,783 | -96.4% |
| Recurring financial income | 75 | €7,038 | €255 | -€6,783 | -96.4% |
| Financial charges | 65/66B | €43,254 | €103,491 | +€60,237 | +139.3% |
| Recurring financial charges | 65 | €43,254 | €103,491 | +€60,237 | +139.3% |
| Profit (loss) for the period before taxes | 9903 | €442,354 | -€505,477 | -€947,831 | |
| Transfer from deferred taxes | 780 | - | €44,450 | +€44,450 | |
| Income taxes | 67/77 | €360,511 | €17,214 | -€343,297 | -95.2% |
| Profit (loss) for the period | 9904 | €81,843 | -€478,241 | -€560,084 | |
| Transfer from tax-exempt reserves | 789 | - | €106,721 | +€106,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,843 | -€371,520 | -€453,363 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.