BERMAGRI: 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.
BERMAGRI
Largest movements
- Tangible fixed assets +€41,323
up €41,323 (+18.3%), from €225,285 to €266,609
- Cash -€22,429
down €22,429 (-59.0%), from €37,997 to €15,568
mainly Investment in fixed assets (net) (-€97,250) and Net result for the year (-€14,311)
- Receivables within one year +€5,627
up €5,627 (+15.6%), from €35,967 to €41,594
- Debts after one year +€34,942
up €34,942 (+23.1%), from €151,463 to €186,405
- Profit (loss) carried forward -€11,632
down €11,632 (-135%), from -€8,621 to -€20,253
- Other debts +€8,560
up €8,560 (+32.5%), from €26,355 to €34,916
- Current portion of long-term debt +€3,804
up €3,804 (+7.1%), from €53,253 to €57,058
- Trade debts -€3,374
down €3,374 (-12.9%), from €26,188 to €22,813
- Gross operating margin -€26,991
down €26,991 (-36.1%), from €74,790 to €47,799
- Depreciation +€14,304
up €14,304 (+34.4%), from €41,623 to €55,927
- Financial charges +€2,570
up €2,570 (+62.6%), from €4,106 to €6,676
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 | €303,605 | €329,571 | +€25,966 | +8.6% |
| Fixed assets | 21/28 | €225,285 | €266,609 | +€41,323 | +18.3% |
| Tangible fixed assets | 22/27 | €225,285 | €266,609 | +€41,323 | +18.3% |
| Plant, machinery and equipment | 23 | €225,285 | €266,609 | +€41,323 | +18.3% |
| Current assets | 29/58 | €78,319 | €62,962 | -€15,357 | -19.6% |
| Stocks and contracts in progress | 3 | €2,720 | €4,211 | +€1,490 | +54.8% |
| Stocks | 30/36 | €2,720 | €4,211 | +€1,490 | +54.8% |
| Amounts receivable within one year | 40/41 | €35,967 | €41,594 | +€5,627 | +15.6% |
| Trade receivables | 40 | €35,967 | €41,594 | +€5,627 | +15.6% |
| Cash at bank and in hand | 54/58 | €37,997 | €15,568 | -€22,429 | -59.0% |
| Deferred charges and accrued income | 490/1 | €1,634 | €1,589 | -€46 | -2.8% |
| Total equity and liabilities | 10/49 | €303,605 | €329,571 | +€25,966 | +8.6% |
| Equity | 10/15 | €37,763 | €23,452 | -€14,311 | -37.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,184 | €37,505 | -€2,679 | -6.7% |
| Tax-exempt reserves | 132 | €16,071 | €13,393 | -€2,679 | -16.7% |
| Distributable reserves | 133 | €24,112 | €24,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,621 | -€20,253 | -€11,632 | -135% |
| Provisions and deferred taxes | 16 | €5,357 | €4,464 | -€893 | -16.7% |
| Deferred taxes | 168 | €5,357 | €4,464 | -€893 | -16.7% |
| Amounts payable | 17/49 | €260,485 | €301,655 | +€41,170 | +15.8% |
| Amounts payable after more than one year | 17 | €151,463 | €186,405 | +€34,942 | +23.1% |
| Financial debts | 170/4 | €151,463 | €186,405 | +€34,942 | +23.1% |
| Amounts payable within one year | 42/48 | €109,022 | €115,142 | +€6,120 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €53,253 | €57,058 | +€3,804 | +7.1% |
| Trade debts | 44 | €26,188 | €22,813 | -€3,374 | -12.9% |
| Suppliers | 440/4 | €26,188 | €22,813 | -€3,374 | -12.9% |
| Taxes, remuneration and social security | 45 | €3,226 | €355 | -€2,870 | -89.0% |
| Taxes | 450/3 | €3,226 | €355 | -€2,870 | -89.0% |
| Other amounts payable | 47/48 | €26,355 | €34,916 | +€8,560 | +32.5% |
| Accrued charges and deferred income | 492/3 | - | €108 | +€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,623 | €55,927 | +€14,304 | +34.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €74,790 | €47,799 | -€26,991 | -36.1% |
| Operating profit (loss) | 9901 | €32,779 | -€8,528 | -€41,307 | |
| Financial charges | 65/66B | €4,106 | €6,676 | +€2,570 | +62.6% |
| Recurring financial charges | 65 | €4,106 | €6,676 | +€2,570 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €28,673 | -€15,204 | -€43,877 | |
| Transfer from deferred taxes | 780 | €893 | €893 | = | 0.0% |
| Transfer to deferred taxes | 680 | €6,250 | - | -€6,250 | |
| Profit (loss) for the period | 9904 | €23,316 | -€14,311 | -€37,627 | |
| Transfer from tax-exempt reserves | 789 | €2,679 | €2,679 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €18,750 | - | -€18,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,244 | -€11,632 | -€18,877 |
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 13 October 2026 via checked.be.