BERLU: 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.
BERLU
Largest movements
- Tangible fixed assets -€15,006
down €15,006 (-6.0%), from €250,808 to €235,802
of which Land and buildings: -€11,609
- Cash +€2,948
up €2,948 (+100.6%), from €2,931 to €5,878
mainly Depreciation (+€15,006) and Trade debts (+€121)
- Other debts -€5,365
down €5,365 (-62.8%), from €8,544 to €3,179
- Reserves -€4,030
down €4,030 (-4.6%), from €87,548 to €83,518
of which Tax-exempt reserves: -€4,030
- Gross operating margin -€3,782
down €3,782 (-19.0%), from €19,940 to €16,158
- Other operating charges -€3,218
down €3,218 (-47.9%), from €6,719 to €3,501
- Depreciation +€456
up €456 (+3.1%), from €14,550 to €15,006
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 | €267,478 | €257,608 | -€9,870 | -3.7% |
| Fixed assets | 21/28 | €250,808 | €235,802 | -€15,006 | -6.0% |
| Tangible fixed assets | 22/27 | €250,808 | €235,802 | -€15,006 | -6.0% |
| Land and buildings | 22 | €239,366 | €227,758 | -€11,609 | -4.8% |
| Plant, machinery and equipment | 23 | €10,407 | €7,481 | -€2,925 | -28.1% |
| Furniture and vehicles | 24 | €1,035 | €564 | -€472 | -45.6% |
| Current assets | 29/58 | €16,670 | €21,806 | +€5,136 | +30.8% |
| Current investments | 50/53 | €13,304 | €15,304 | +€2,000 | +15.0% |
| Cash at bank and in hand | 54/58 | €2,931 | €5,878 | +€2,948 | +100.6% |
| Deferred charges and accrued income | 490/1 | €436 | €624 | +€189 | +43.3% |
| Total equity and liabilities | 10/49 | €267,478 | €257,608 | -€9,870 | -3.7% |
| Equity | 10/15 | €215,959 | €213,467 | -€2,492 | -1.2% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €87,548 | €83,518 | -€4,030 | -4.6% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,632 | €73,602 | -€4,030 | -5.2% |
| Profit (loss) carried forward | 14 | €29,254 | €30,792 | +€1,538 | +5.3% |
| Provisions and deferred taxes | 16 | €39,848 | €37,790 | -€2,058 | -5.2% |
| Deferred taxes | 168 | €39,848 | €37,790 | -€2,058 | -5.2% |
| Amounts payable | 17/49 | €11,671 | €6,351 | -€5,319 | -45.6% |
| Amounts payable within one year | 42/48 | €10,799 | €5,456 | -€5,344 | -49.5% |
| Trade debts | 44 | - | €121 | +€121 | |
| Suppliers | 440/4 | - | €121 | +€121 | |
| Taxes, remuneration and social security | 45 | €2,255 | €2,156 | -€99 | -4.4% |
| Taxes | 450/3 | €2,255 | €2,156 | -€99 | -4.4% |
| Other amounts payable | 47/48 | €8,544 | €3,179 | -€5,365 | -62.8% |
| Accrued charges and deferred income | 492/3 | €871 | €895 | +€24 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,550 | €15,006 | +€456 | +3.1% |
| Other operating charges | 640/8 | €6,719 | €3,501 | -€3,218 | -47.9% |
| Gross operating margin | 9900 | €19,940 | €16,158 | -€3,782 | -19.0% |
| Operating profit (loss) | 9901 | -€1,329 | -€2,349 | -€1,020 | -76.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -20.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -20.0% |
| Financial charges | 65/66B | €65 | €45 | -€20 | -30.8% |
| Recurring financial charges | 65 | €65 | €45 | -€20 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,394 | -€2,394 | -€1,000 | -71.7% |
| Transfer from deferred taxes | 780 | €2,058 | €2,058 | = | 0.0% |
| Income taxes | 67/77 | €2,255 | €2,156 | -€99 | -4.4% |
| Profit (loss) for the period | 9904 | -€1,591 | -€2,492 | -€901 | -56.6% |
| Transfer from tax-exempt reserves | 789 | €4,030 | €4,030 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,439 | €1,538 | -€901 | -36.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.