Bermaco: 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.
Bermaco
Largest movements
- Tangible fixed assets +€74,953
up €74,953 (+665.4%), from €11,265 to €86,218
- Current investments +€51,017
up €51,017 (+20.9%), from €243,950 to €294,967
- Receivables within one year +€18,209
up €18,209 (+32.6%), from €55,818 to €74,027
of which Other amounts receivable: +€18,163
- Cash -€9,405
down €9,405 (-16.1%), from €58,535 to €49,130
mainly Investment in fixed assets (net) (-€83,501) and Current investments (-€51,017)
- Reserves +€82,114
up €82,114 (+25.5%), from €322,407 to €404,521
- Debts after one year +€38,192
new in 2025: €38,192
- Current portion of long-term debt +€13,986
new in 2025: €13,986
- Accrued charges and deferred income +€6,017
up €6,017 (+25.6%), from €23,526 to €29,543
- Other operating charges -€12,293
down €12,293 (-46.2%), from €26,592 to €14,299
- Depreciation +€6,654
up €6,654 (+351.3%), from €1,894 to €8,548
- Gross operating margin +€5,361
up €5,361 (+4.0%), from €133,090 to €138,451
- Taxes +€4,404
up €4,404 (+14.8%), from €29,774 to €34,178
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 | €371,465 | €506,793 | +€135,328 | +36.4% |
| Fixed assets | 21/28 | €11,265 | €86,218 | +€74,953 | +665.4% |
| Tangible fixed assets | 22/27 | €11,265 | €86,218 | +€74,953 | +665.4% |
| Furniture and vehicles | 24 | €11,265 | €86,218 | +€74,953 | +665.4% |
| Current assets | 29/58 | €360,200 | €420,575 | +€60,375 | +16.8% |
| Amounts receivable within one year | 40/41 | €55,818 | €74,027 | +€18,209 | +32.6% |
| Trade receivables | 40 | €52,483 | €52,529 | +€46 | +0.1% |
| Other amounts receivable | 41 | €3,335 | €21,498 | +€18,163 | +544.6% |
| Current investments | 50/53 | €243,950 | €294,967 | +€51,017 | +20.9% |
| Cash at bank and in hand | 54/58 | €58,535 | €49,130 | -€9,405 | -16.1% |
| Deferred charges and accrued income | 490/1 | €1,897 | €2,451 | +€554 | +29.2% |
| Total equity and liabilities | 10/49 | €371,465 | €506,793 | +€135,328 | +36.4% |
| Equity | 10/15 | €326,407 | €408,521 | +€82,114 | +25.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €322,407 | €404,521 | +€82,114 | +25.5% |
| Distributable reserves | 133 | €322,407 | €404,521 | +€82,114 | +25.5% |
| Amounts payable | 17/49 | €45,058 | €98,273 | +€53,214 | +118.1% |
| Amounts payable after more than one year | 17 | - | €38,192 | +€38,192 | |
| Financial debts | 170/4 | - | €38,192 | +€38,192 | |
| Amounts payable within one year | 42/48 | €21,533 | €30,538 | +€9,006 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | - | €13,986 | +€13,986 | |
| Trade debts | 44 | €1,377 | €594 | -€783 | -56.8% |
| Suppliers | 440/4 | €1,377 | €594 | -€783 | -56.8% |
| Taxes, remuneration and social security | 45 | €15,564 | €15,286 | -€279 | -1.8% |
| Taxes | 450/3 | €15,564 | €15,286 | -€279 | -1.8% |
| Other amounts payable | 47/48 | €4,591 | €673 | -€3,918 | -85.3% |
| Accrued charges and deferred income | 492/3 | €23,526 | €29,543 | +€6,017 | +25.6% |
| Non-recurring operating income | 76A | - | €7,871 | +€7,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,894 | €8,548 | +€6,654 | +351.3% |
| Other operating charges | 640/8 | €26,592 | €14,299 | -€12,293 | -46.2% |
| Gross operating margin | 9900 | €133,090 | €138,451 | +€5,361 | +4.0% |
| Operating profit (loss) | 9901 | €104,604 | €115,604 | +€11,000 | +10.5% |
| Financial income | 75/76B | €2,949 | €1,792 | -€1,157 | -39.2% |
| Recurring financial income | 75 | €2,949 | €1,792 | -€1,157 | -39.2% |
| Financial charges | 65/66B | €333 | €1,104 | +€771 | +231.9% |
| Recurring financial charges | 65 | €333 | €1,104 | +€771 | +231.9% |
| Profit (loss) for the period before taxes | 9903 | €107,221 | €116,292 | +€9,071 | +8.5% |
| Income taxes | 67/77 | €29,774 | €34,178 | +€4,404 | +14.8% |
| Profit (loss) for the period | 9904 | €77,447 | €82,114 | +€4,667 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,447 | €82,114 | +€4,667 | +6.0% |
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.