BERLINER: 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.
BERLINER
Largest movements
- Cash -€81,824
down €81,824 (-78.1%), from €104,716 to €22,893
mainly Investment in fixed assets (net) (-€108,995) and Debts after one year (-€65,650)
- Tangible fixed assets +€5,117
up €5,117 (+1.7%), from €306,217 to €311,334
of which Other tangible fixed assets: +€66,205
- Debts after one year -€65,650
down €65,650 (-34.3%), from €191,452 to €125,802
of which Other amounts payable: -€50,131
- Trade debts -€44,533
down €44,533 (-68.4%), from €65,139 to €20,606
- Reserves +€24,210
new in 2025: €24,210
- Other debts -€19,788
down €19,788 (-92.9%), from €21,309 to €1,521
- Tax, wage and social debts +€11,460
up €11,460 (+37.1%), from €30,902 to €42,362
of which Remuneration and social security: +€6,882
- Gross operating margin -€41,340
down €41,340 (-10.4%), from €399,404 to €358,064
- Depreciation +€4,205
up €4,205 (+4.1%), from €101,773 to €105,978
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 | €439,561 | €358,580 | -€80,981 | -18.4% |
| Fixed assets | 21/28 | €318,811 | €321,828 | +€3,017 | +0.9% |
| Intangible fixed assets | 21 | €12,594 | €10,494 | -€2,100 | -16.7% |
| Tangible fixed assets | 22/27 | €306,217 | €311,334 | +€5,117 | +1.7% |
| Plant, machinery and equipment | 23 | €64,205 | €14,185 | -€50,020 | -77.9% |
| Furniture and vehicles | 24 | - | €4,123 | +€4,123 | |
| Leasing and similar rights | 25 | €20,352 | €5,161 | -€15,191 | -74.6% |
| Other tangible fixed assets | 26 | €221,659 | €287,865 | +€66,205 | +29.9% |
| Current assets | 29/58 | €120,750 | €36,752 | -€83,998 | -69.6% |
| Stocks and contracts in progress | 3 | €10,983 | €11,418 | +€435 | +4.0% |
| Stocks | 30/36 | €10,983 | €11,418 | +€435 | +4.0% |
| Amounts receivable within one year | 40/41 | €1,655 | €5 | -€1,649 | -99.7% |
| Trade receivables | 40 | €1,655 | €0 | -€1,655 | -100% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €104,716 | €22,893 | -€81,824 | -78.1% |
| Deferred charges and accrued income | 490/1 | €3,396 | €2,436 | -€961 | -28.3% |
| Total equity and liabilities | 10/49 | €439,561 | €358,580 | -€80,981 | -18.4% |
| Equity | 10/15 | €47,060 | €74,210 | +€27,150 | +57.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €24,210 | +€24,210 | |
| Distributable reserves | 133 | - | €24,210 | +€24,210 | |
| Profit (loss) carried forward | 14 | -€2,940 | €0 | +€2,940 | |
| Amounts payable | 17/49 | €392,501 | €284,370 | -€108,131 | -27.5% |
| Amounts payable after more than one year | 17 | €191,452 | €125,802 | -€65,650 | -34.3% |
| Financial debts | 170/4 | €136,953 | €121,434 | -€15,518 | -11.3% |
| Other amounts payable | 178/9 | €54,499 | €4,368 | -€50,131 | -92.0% |
| Amounts payable within one year | 42/48 | €201,049 | €158,568 | -€42,481 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €83,700 | €94,080 | +€10,379 | +12.4% |
| Trade debts | 44 | €65,139 | €20,606 | -€44,533 | -68.4% |
| Suppliers | 440/4 | €65,139 | €20,606 | -€44,533 | -68.4% |
| Taxes, remuneration and social security | 45 | €30,902 | €42,362 | +€11,460 | +37.1% |
| Taxes | 450/3 | €13,284 | €17,862 | +€4,578 | +34.5% |
| Remuneration and social security | 454/9 | €17,618 | €24,500 | +€6,882 | +39.1% |
| Other amounts payable | 47/48 | €21,309 | €1,521 | -€19,788 | -92.9% |
| Non-recurring operating income | 76A | €773 | €0 | -€773 | -100% |
| Remuneration, social security and pensions | 62 | €211,936 | €213,708 | +€1,771 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,773 | €105,978 | +€4,205 | +4.1% |
| Other operating charges | 640/8 | €1,511 | €640 | -€871 | -57.7% |
| Gross operating margin | 9900 | €399,404 | €358,064 | -€41,340 | -10.4% |
| Operating profit (loss) | 9901 | €84,183 | €37,739 | -€46,445 | -55.2% |
| Financial income | 75/76B | €185 | €418 | +€233 | +126% |
| Recurring financial income | 75 | €185 | €418 | +€233 | +126% |
| Financial charges | 65/66B | €13,281 | €11,007 | -€2,274 | -17.1% |
| Recurring financial charges | 65 | €13,281 | €11,007 | -€2,274 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €71,087 | €27,150 | -€43,937 | -61.8% |
| Profit (loss) for the period | 9904 | €71,087 | €27,150 | -€43,937 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,087 | €27,150 | -€43,937 | -61.8% |
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 26 October 2026 via checked.be.