BERMABRU: 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.
What changed
BERMABRU
NACE 46.841, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€408,884
2024 · -€336,073-€72,811
Equity
€1.8m
2024 · €2.2m-€408,884
Cash
€163,077
2024 · €176,729-€13,652
Balance sheet total
€2.9m
2024 · €3.3m-€408,988
Largest movements
Assets
- Receivables within one year -€161,298
down €161,298 (-18.6%), from €865,646 to €704,348
of which Other amounts receivable: -€91,600
- Tangible fixed assets -€143,130
down €143,130 (-24.1%), from €593,088 to €449,959
of which Furniture and vehicles: -€82,604
- Stocks and contracts -€83,581
down €83,581 (-4.9%), from €1.7m to €1.6m
Equity and liabilities
- Profit (loss) carried forward -€408,884
down €408,884 (-20.8%), from €2.0m to €1.6m
- Debts after one year -€88,935
down €88,935 (-46.8%), from €190,034 to €101,098
- Trade debts +€85,388
up €85,388 (+48.1%), from €177,654 to €263,042
Income statement
- Gross operating margin -€262,417
down €262,417 (-14.1%), from €1.9m to €1.6m
- Staff costs -€136,246
down €136,246 (-7.0%), from €1.9m to €1.8m
- Write-downs -€65,257
down €65,257, from €27,728 to -€37,529
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.
Result 2024
-€336,073
Gross operating margin
-€262,417
Staff costs
+€136,246
Depreciation
-€596
Write-downs
+€65,257
Other operating charges
-€2,250
Financial income
-€10,312
Financial charges
+€1,128
Taxes
+€135
Result 2025
-€408,884
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.
From operations
+€118,878
Investment
-€64,011
Financing
-€68,519
Cash 2024
€176,729
From operations (derived)
+€118,878
Net result for the year
-€408,884
Depreciation
+€207,141
Stocks and contracts
+€83,581
Receivables within one year
+€161,298
Deferred charges and accrued income
+€7,328
Trade debts
+€85,388
Tax, wage and social debts
-€23,590
Other debts
+€6,616
Investment (derived)
-€64,011
Investment in fixed assets (net)
-€64,011
Financing
-€68,519
Debts after one year
-€88,935
Current portion of long-term debt
+€16,487
Short-term financial debts
+€3,929
Cash 2025
€163,077
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,343,883 | €2,934,894 | -€408,988 | -12.2% |
| Fixed assets | 21/28 | €595,965 | €452,835 | -€143,130 | -24.0% |
| Tangible fixed assets | 22/27 | €593,088 | €449,959 | -€143,130 | -24.1% |
| Plant, machinery and equipment | 23 | €249,188 | €188,662 | -€60,526 | -24.3% |
| Furniture and vehicles | 24 | €343,900 | €261,296 | -€82,604 | -24.0% |
| Financial fixed assets | 28 | €2,877 | €2,877 | = | 0.0% |
| Current assets | 29/58 | €2,747,918 | €2,482,059 | -€265,859 | -9.7% |
| Stocks and contracts in progress | 3 | €1,689,137 | €1,605,556 | -€83,581 | -4.9% |
| Stocks | 30/36 | €1,689,137 | €1,605,556 | -€83,581 | -4.9% |
| Amounts receivable within one year | 40/41 | €865,646 | €704,348 | -€161,298 | -18.6% |
| Trade receivables | 40 | €523,933 | €454,235 | -€69,698 | -13.3% |
| Other amounts receivable | 41 | €341,713 | €250,113 | -€91,600 | -26.8% |
| Cash at bank and in hand | 54/58 | €176,729 | €163,077 | -€13,652 | -7.7% |
| Deferred charges and accrued income | 490/1 | €16,405 | €9,077 | -€7,328 | -44.7% |
| Total equity and liabilities | 10/49 | €3,343,883 | €2,934,894 | -€408,988 | -12.2% |
| Equity | 10/15 | €2,202,371 | €1,793,487 | -€408,884 | -18.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €172,350 | €172,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,258 | €17,258 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,058 | €11,058 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,503 | €5,503 | = | 0.0% |
| Distributable reserves | 133 | €149,589 | €149,589 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,968,021 | €1,559,137 | -€408,884 | -20.8% |
| Amounts payable | 17/49 | €1,141,512 | €1,141,407 | -€105 | 0.0% |
| Amounts payable after more than one year | 17 | €190,034 | €101,098 | -€88,935 | -46.8% |
| Financial debts | 170/4 | €190,034 | €101,098 | -€88,935 | -46.8% |
| Amounts payable within one year | 42/48 | €951,478 | €1,040,309 | +€88,831 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €116,451 | €132,938 | +€16,487 | +14.2% |
| Financial debts | 43 | €250,000 | €253,929 | +€3,929 | +1.6% |
| Credit institutions | 430/8 | €250,000 | €253,929 | +€3,929 | +1.6% |
| Trade debts | 44 | €177,654 | €263,042 | +€85,388 | +48.1% |
| Suppliers | 440/4 | €177,654 | €263,042 | +€85,388 | +48.1% |
| Taxes, remuneration and social security | 45 | €357,463 | €333,873 | -€23,590 | -6.6% |
| Taxes | 450/3 | €136,080 | €110,728 | -€25,352 | -18.6% |
| Remuneration and social security | 454/9 | €221,383 | €223,145 | +€1,762 | +0.8% |
| Other amounts payable | 47/48 | €49,910 | €56,526 | +€6,616 | +13.3% |
| Non-recurring operating income | 76A | €4,170 | €2,163 | -€2,007 | -48.1% |
| Remuneration, social security and pensions | 62 | €1,945,513 | €1,809,267 | -€136,246 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,545 | €207,141 | +€596 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,728 | -€37,529 | -€65,257 | |
| Other operating charges | 640/8 | €27,196 | €29,447 | +€2,250 | +8.3% |
| Gross operating margin | 9900 | €1,864,416 | €1,601,999 | -€262,417 | -14.1% |
| Operating profit (loss) | 9901 | -€342,565 | -€406,326 | -€63,761 | -18.6% |
| Financial income | 75/76B | €174,089 | €163,777 | -€10,312 | -5.9% |
| Recurring financial income | 75 | €174,089 | €163,777 | -€10,312 | -5.9% |
| Financial charges | 65/66B | €162,554 | €161,427 | -€1,128 | -0.7% |
| Recurring financial charges | 65 | €162,554 | €161,427 | -€1,128 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€331,031 | -€403,976 | -€72,946 | -22.0% |
| Income taxes | 67/77 | €5,043 | €4,908 | -€135 | -2.7% |
| Profit (loss) for the period | 9904 | -€336,073 | -€408,884 | -€72,811 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€336,073 | -€408,884 | -€72,811 | -21.7% |
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 30 September 2026 via checked.be.