Bermat BM: 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.
Bermat BM
Largest movements
- Tangible fixed assets -€68,385
down €68,385 (-26.5%), from €257,646 to €189,260
of which Furniture and vehicles: -€35,269
- Receivables within one year -€20,980
down €20,980 (-41.2%), from €50,866 to €29,886
of which Trade receivables: -€20,725
- Cash +€12,014
up €12,014 (+47.1%), from €25,496 to €37,510
mainly Depreciation (+€69,275) and Receivables within one year (+€20,980)
- Stocks and contracts +€10,000
up €10,000 (+44.2%), from €22,605 to €32,605
- Deferred charges and accrued income +€5,724
new in 2025: €5,724
- Debts after one year -€51,704
down €51,704 (-25.3%), from €204,567 to €152,863
- Trade debts -€6,408
down €6,408 (-26.9%), from €23,823 to €17,415
- Current portion of long-term debt -€6,119
down €6,119 (-10.6%), from €57,823 to €51,704
- Depreciation +€12,421
up €12,421 (+21.8%), from €56,854 to €69,275
- Gross operating margin +€11,895
up €11,895 (+16.7%), from €71,074 to €82,969
- Financial charges +€3,657
up €3,657 (+67.9%), from €5,384 to €9,042
- Staff costs +€1,310
up €1,310, from -€36 to €1,274
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 | €356,747 | €295,120 | -€61,628 | -17.3% |
| Fixed assets | 21/28 | €257,781 | €189,395 | -€68,385 | -26.5% |
| Tangible fixed assets | 22/27 | €257,646 | €189,260 | -€68,385 | -26.5% |
| Plant, machinery and equipment | 23 | €22,461 | €13,395 | -€9,066 | -40.4% |
| Furniture and vehicles | 24 | €139,173 | €103,904 | -€35,269 | -25.3% |
| Leasing and similar rights | 25 | €96,012 | €71,962 | -€24,050 | -25.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €98,967 | €105,724 | +€6,758 | +6.8% |
| Stocks and contracts in progress | 3 | €22,605 | €32,605 | +€10,000 | +44.2% |
| Contracts in progress | 37 | €22,605 | €32,605 | +€10,000 | +44.2% |
| Amounts receivable within one year | 40/41 | €50,866 | €29,886 | -€20,980 | -41.2% |
| Trade receivables | 40 | €45,476 | €24,751 | -€20,725 | -45.6% |
| Other amounts receivable | 41 | €5,390 | €5,135 | -€255 | -4.7% |
| Cash at bank and in hand | 54/58 | €25,496 | €37,510 | +€12,014 | +47.1% |
| Deferred charges and accrued income | 490/1 | - | €5,724 | +€5,724 | |
| Total equity and liabilities | 10/49 | €356,747 | €295,120 | -€61,628 | -17.3% |
| Equity | 10/15 | €16,760 | €18,568 | +€1,809 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €417 | €417 | = | 0.0% |
| Distributable reserves | 133 | €417 | €417 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,257 | -€448 | +€1,809 | +80.1% |
| Amounts payable | 17/49 | €339,988 | €276,551 | -€63,436 | -18.7% |
| Amounts payable after more than one year | 17 | €204,567 | €152,863 | -€51,704 | -25.3% |
| Financial debts | 170/4 | €204,567 | €152,863 | -€51,704 | -25.3% |
| Amounts payable within one year | 42/48 | €135,420 | €123,688 | -€11,732 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €57,823 | €51,704 | -€6,119 | -10.6% |
| Trade debts | 44 | €23,823 | €17,415 | -€6,408 | -26.9% |
| Suppliers | 440/4 | €23,823 | €17,415 | -€6,408 | -26.9% |
| Taxes, remuneration and social security | 45 | €0 | €795 | +€795 | |
| Taxes | 450/3 | €0 | €795 | +€795 | |
| Other amounts payable | 47/48 | €53,774 | €53,774 | = | 0.0% |
| Remuneration, social security and pensions | 62 | -€36 | €1,274 | +€1,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,854 | €69,275 | +€12,421 | +21.8% |
| Other operating charges | 640/8 | €770 | €1,146 | +€376 | +48.9% |
| Gross operating margin | 9900 | €71,074 | €82,969 | +€11,895 | +16.7% |
| Operating profit (loss) | 9901 | €13,486 | €11,274 | -€2,213 | -16.4% |
| Financial income | 75/76B | €0 | €371 | +€371 | |
| Recurring financial income | 75 | €0 | €371 | +€371 | |
| Financial charges | 65/66B | €5,384 | €9,042 | +€3,657 | +67.9% |
| Recurring financial charges | 65 | €5,384 | €9,042 | +€3,657 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €8,102 | €2,603 | -€5,498 | -67.9% |
| Income taxes | 67/77 | €0 | €795 | +€795 | |
| Profit (loss) for the period | 9904 | €8,102 | €1,809 | -€6,293 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,102 | €1,809 | -€6,293 | -77.7% |
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 9 October 2026 via checked.be.