BERLO: 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.
BERLO
Largest movements
- Receivables within one year -€17,326
down €17,326 (-55.6%), from €31,158 to €13,833
of which Trade receivables: -€27,156
- Tangible fixed assets +€6,091
up €6,091 (+3.3%), from €186,559 to €192,649
of which Furniture and vehicles: +€36,134
- Cash +€4,122
up €4,122 (+27.4%), from €15,058 to €19,180
mainly Debts after one year (+€134,330) and Trade debts (+€38,829)
- Other debts -€174,298
down €174,298 (-99.9%), from €174,518 to €220
- Debts after one year +€134,330
new in 2025: €134,330
- Trade debts +€38,829
up €38,829 (+198%), from €19,608 to €58,437
- Advances received -€20,209
no longer reported in 2025 (was €20,209)
- Current portion of long-term debt +€13,532
new in 2025: €13,532
- Gross operating margin +€31,061
up €31,061 (+58.8%), from €52,829 to €83,890
- Staff costs +€26,259
up €26,259 (+160%), from €16,451 to €42,709
- Depreciation +€10,249
up €10,249 (+48.6%), from €21,069 to €31,318
- Financial charges +€2,489
up €2,489 (+185%), from €1,342 to €3,832
- Other operating charges +€2,246
up €2,246 (+354%), from €634 to €2,881
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 | €239,630 | €232,920 | -€6,710 | -2.8% |
| Fixed assets | 21/28 | €186,738 | €192,828 | +€6,091 | +3.3% |
| Tangible fixed assets | 22/27 | €186,559 | €192,649 | +€6,091 | +3.3% |
| Land and buildings | 22 | - | €1,233 | +€1,233 | |
| Plant, machinery and equipment | 23 | €186,559 | €155,283 | -€31,276 | -16.8% |
| Furniture and vehicles | 24 | - | €36,134 | +€36,134 | |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €52,892 | €40,092 | -€12,801 | -24.2% |
| Stocks and contracts in progress | 3 | €6,187 | €6,862 | +€676 | +10.9% |
| Stocks | 30/36 | €6,187 | €6,862 | +€676 | +10.9% |
| Amounts receivable within one year | 40/41 | €31,158 | €13,833 | -€17,326 | -55.6% |
| Trade receivables | 40 | €30,835 | €3,678 | -€27,156 | -88.1% |
| Other amounts receivable | 41 | €323 | €10,154 | +€9,831 | +3,039% |
| Cash at bank and in hand | 54/58 | €15,058 | €19,180 | +€4,122 | +27.4% |
| Deferred charges and accrued income | 490/1 | €490 | €217 | -€273 | -55.6% |
| Total equity and liabilities | 10/49 | €239,630 | €232,920 | -€6,710 | -2.8% |
| Equity | 10/15 | €15,419 | €17,420 | +€2,001 | +13.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,419 | €12,420 | +€2,001 | +19.2% |
| Amounts payable | 17/49 | €224,211 | €215,500 | -€8,711 | -3.9% |
| Amounts payable after more than one year | 17 | - | €134,330 | +€134,330 | |
| Financial debts | 170/4 | - | €134,330 | +€134,330 | |
| Amounts payable within one year | 42/48 | €224,211 | €81,171 | -€143,040 | -63.8% |
| Current portion of amounts payable after more than one year | 42 | - | €13,532 | +€13,532 | |
| Trade debts | 44 | €19,608 | €58,437 | +€38,829 | +198% |
| Suppliers | 440/4 | €19,608 | €58,437 | +€38,829 | +198% |
| Advances received on contracts in progress | 46 | €20,209 | - | -€20,209 | |
| Taxes, remuneration and social security | 45 | €9,877 | €8,982 | -€895 | -9.1% |
| Taxes | 450/3 | €2,992 | €1,842 | -€1,150 | -38.4% |
| Remuneration and social security | 454/9 | €6,885 | €7,140 | +€255 | +3.7% |
| Other amounts payable | 47/48 | €174,518 | €220 | -€174,298 | -99.9% |
| Remuneration, social security and pensions | 62 | €16,451 | €42,709 | +€26,259 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,069 | €31,318 | +€10,249 | +48.6% |
| Other operating charges | 640/8 | €634 | €2,881 | +€2,246 | +354% |
| Gross operating margin | 9900 | €52,829 | €83,890 | +€31,061 | +58.8% |
| Operating profit (loss) | 9901 | €14,675 | €6,982 | -€7,693 | -52.4% |
| Financial income | 75/76B | €78 | €631 | +€552 | +704% |
| Recurring financial income | 75 | €78 | €631 | +€552 | +704% |
| Financial charges | 65/66B | €1,342 | €3,832 | +€2,489 | +185% |
| Recurring financial charges | 65 | €1,342 | €3,832 | +€2,489 | +185% |
| Profit (loss) for the period before taxes | 9903 | €13,411 | €3,782 | -€9,629 | -71.8% |
| Income taxes | 67/77 | €2,992 | €1,781 | -€1,211 | -40.5% |
| Profit (loss) for the period | 9904 | €10,419 | €2,001 | -€8,418 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,419 | €2,001 | -€8,418 | -80.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.