BERLUCO: 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.
BERLUCO
Largest movements
- Current investments -€100,000
down €100,000 (-96.9%), from €103,243 to €3,243
- Cash +€76,489
up €76,489 (+165%), from €46,486 to €122,975
mainly Current investments (+€100,000) and Depreciation (+€59,799)
- Tangible fixed assets -€59,799
down €59,799 (-8.4%), from €712,100 to €652,301
of which Land and buildings: -€42,285
- Debts after one year -€30,418
down €30,418 (-18.4%), from €165,048 to €134,630
- Other debts -€26,250
down €26,250 (-99.9%), from €26,282 to €32
- Reserves -€11,171
down €11,171 (-1.9%), from €584,978 to €573,807
of which Tax-exempt reserves: -€11,171
- Gross operating margin +€38,368
up €38,368 (+386%), from €9,943 to €48,311
- Financial charges -€8,167
down €8,167 (-70.1%), from €11,650 to €3,483
- Financial income -€4,315
down €4,315 (-79.2%), from €5,449 to €1,134
- Other operating charges -€1,195
down €1,195 (-18.7%), from €6,407 to €5,212
- Taxes +€737
new in 2025: €737
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 | €879,292 | €789,183 | -€90,109 | -10.2% |
| Fixed assets | 21/28 | €712,100 | €652,301 | -€59,799 | -8.4% |
| Tangible fixed assets | 22/27 | €712,100 | €652,301 | -€59,799 | -8.4% |
| Land and buildings | 22 | €687,831 | €645,546 | -€42,285 | -6.1% |
| Furniture and vehicles | 24 | €24,269 | €6,755 | -€17,514 | -72.2% |
| Current assets | 29/58 | €167,192 | €136,882 | -€30,310 | -18.1% |
| Amounts receivable within one year | 40/41 | €15,903 | €8,999 | -€6,904 | -43.4% |
| Trade receivables | 40 | €14,268 | €7,768 | -€6,500 | -45.6% |
| Other amounts receivable | 41 | €1,635 | €1,231 | -€404 | -24.7% |
| Current investments | 50/53 | €103,243 | €3,243 | -€100,000 | -96.9% |
| Cash at bank and in hand | 54/58 | €46,486 | €122,975 | +€76,489 | +165% |
| Deferred charges and accrued income | 490/1 | €1,560 | €1,665 | +€105 | +6.7% |
| Total equity and liabilities | 10/49 | €879,292 | €789,183 | -€90,109 | -10.2% |
| Equity | 10/15 | €560,889 | €543,966 | -€16,923 | -3.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €584,978 | €573,807 | -€11,171 | -1.9% |
| Tax-exempt reserves | 132 | €301,602 | €290,431 | -€11,171 | -3.7% |
| Distributable reserves | 133 | €283,376 | €283,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,089 | -€54,841 | -€5,752 | -11.7% |
| Provisions and deferred taxes | 16 | €77,295 | €74,432 | -€2,863 | -3.7% |
| Deferred taxes | 168 | €77,295 | €74,432 | -€2,863 | -3.7% |
| Amounts payable | 17/49 | €241,108 | €170,785 | -€70,323 | -29.2% |
| Amounts payable after more than one year | 17 | €165,048 | €134,630 | -€30,418 | -18.4% |
| Financial debts | 170/4 | €165,048 | €134,630 | -€30,418 | -18.4% |
| Amounts payable within one year | 42/48 | €76,060 | €36,155 | -€39,905 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €37,698 | €30,418 | -€7,280 | -19.3% |
| Trade debts | 44 | €1,088 | €2,234 | +€1,146 | +105% |
| Suppliers | 440/4 | €1,088 | €2,234 | +€1,146 | +105% |
| Taxes, remuneration and social security | 45 | €10,992 | €3,471 | -€7,521 | -68.4% |
| Taxes | 450/3 | €10,992 | €3,471 | -€7,521 | -68.4% |
| Other amounts payable | 47/48 | €26,282 | €32 | -€26,250 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,457 | €59,799 | -€658 | -1.1% |
| Other operating charges | 640/8 | €6,407 | €5,212 | -€1,195 | -18.7% |
| Gross operating margin | 9900 | €9,943 | €48,311 | +€38,368 | +386% |
| Operating profit (loss) | 9901 | -€56,921 | -€16,700 | +€40,221 | +70.7% |
| Financial income | 75/76B | €5,449 | €1,134 | -€4,315 | -79.2% |
| Recurring financial income | 75 | €5,449 | €1,134 | -€4,315 | -79.2% |
| Financial charges | 65/66B | €11,650 | €3,483 | -€8,167 | -70.1% |
| Recurring financial charges | 65 | €11,650 | €3,483 | -€8,167 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | -€63,122 | -€19,049 | +€44,073 | +69.8% |
| Transfer from deferred taxes | 780 | €2,863 | €2,863 | = | 0.0% |
| Income taxes | 67/77 | - | €737 | +€737 | |
| Profit (loss) for the period | 9904 | -€60,259 | -€16,923 | +€43,336 | +71.9% |
| Transfer from tax-exempt reserves | 789 | €11,170 | €11,171 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,089 | -€5,752 | +€43,337 | +88.3% |
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 29 October 2026 via checked.be.