BERLO: 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.
BERLO
Largest movements
- Receivables within one year +€529,929
up €529,929 (+170.2%), from €311,276 to €841,205
of which Trade receivables: +€566,849
- Tangible fixed assets +€98,550
up €98,550 (+15.8%), from €624,369 to €722,920
of which Land and buildings: +€67,105
- Cash -€51,651
down €51,651 (-88.6%), from €58,313 to €6,663
mainly Receivables within one year (-€529,929) and Investment in fixed assets (net) (-€209,298)
- Reserves +€408,145
up €408,145 (+123.6%), from €330,236 to €738,381
- Other debts +€91,225
up €91,225 (+66.6%), from €137,001 to €228,226
- Current portion of long-term debt +€82,994
up €82,994 (+139.3%), from €59,584 to €142,578
- Tax, wage and social debts +€45,502
up €45,502 (+55.3%), from €82,254 to €127,756
- Debts after one year -€31,484
down €31,484 (-9.2%), from €342,166 to €310,682
- Gross operating margin +€360,223
up €360,223 (+97.4%), from €369,979 to €730,202
- Taxes +€111,313
up €111,313 (+135.3%), from €82,254 to €193,568
- Other operating charges -€13,053
down €13,053 (-76.7%), from €17,020 to €3,967
- Depreciation +€11,988
up €11,988 (+12.1%), from €98,760 to €110,748
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 | €993,958 | €1,570,787 | +€576,829 | +58.0% |
| Fixed assets | 21/28 | €624,369 | €722,920 | +€98,550 | +15.8% |
| Tangible fixed assets | 22/27 | €624,369 | €722,920 | +€98,550 | +15.8% |
| Land and buildings | 22 | €249,093 | €316,198 | +€67,105 | +26.9% |
| Plant, machinery and equipment | 23 | €175,080 | €146,224 | -€28,857 | -16.5% |
| Furniture and vehicles | 24 | €200,196 | €260,498 | +€60,302 | +30.1% |
| Current assets | 29/58 | €369,589 | €847,868 | +€478,279 | +129.4% |
| Amounts receivable within one year | 40/41 | €311,276 | €841,205 | +€529,929 | +170.2% |
| Trade receivables | 40 | €274,356 | €841,205 | +€566,849 | +206.6% |
| Other amounts receivable | 41 | €36,919 | - | -€36,919 | |
| Cash at bank and in hand | 54/58 | €58,313 | €6,663 | -€51,651 | -88.6% |
| Total equity and liabilities | 10/49 | €993,958 | €1,570,787 | +€576,829 | +58.0% |
| Equity | 10/15 | €348,836 | €756,981 | +€408,145 | +117.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €330,236 | €738,381 | +€408,145 | +123.6% |
| Distributable reserves | 133 | €330,236 | €738,381 | +€408,145 | +123.6% |
| Amounts payable | 17/49 | €645,122 | €813,807 | +€168,684 | +26.1% |
| Amounts payable after more than one year | 17 | €342,166 | €310,682 | -€31,484 | -9.2% |
| Financial debts | 170/4 | €342,166 | €310,682 | -€31,484 | -9.2% |
| Amounts payable within one year | 42/48 | €302,957 | €503,125 | +€200,168 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €59,584 | €142,578 | +€82,994 | +139.3% |
| Trade debts | 44 | €24,117 | €4,565 | -€19,553 | -81.1% |
| Suppliers | 440/4 | €24,117 | €4,565 | -€19,553 | -81.1% |
| Taxes, remuneration and social security | 45 | €82,254 | €127,756 | +€45,502 | +55.3% |
| Taxes | 450/3 | €82,254 | €127,756 | +€45,502 | +55.3% |
| Other amounts payable | 47/48 | €137,001 | €228,226 | +€91,225 | +66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,760 | €110,748 | +€11,988 | +12.1% |
| Other operating charges | 640/8 | €17,020 | €3,967 | -€13,053 | -76.7% |
| Gross operating margin | 9900 | €369,979 | €730,202 | +€360,223 | +97.4% |
| Operating profit (loss) | 9901 | €254,199 | €615,487 | +€361,288 | +142.1% |
| Financial income | 75/76B | €2 | €15 | +€13 | +666.5% |
| Recurring financial income | 75 | €2 | €15 | +€13 | +666.5% |
| Financial charges | 65/66B | €8,692 | €13,790 | +€5,097 | +58.6% |
| Recurring financial charges | 65 | €8,692 | €13,790 | +€5,097 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €245,509 | €601,713 | +€356,204 | +145.1% |
| Income taxes | 67/77 | €82,254 | €193,568 | +€111,313 | +135.3% |
| Profit (loss) for the period | 9904 | €163,255 | €408,145 | +€244,890 | +150.0% |
| Profit (loss) for the period to be appropriated | 9905 | €163,255 | €408,145 | +€244,890 | +150.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.