BERMAVAL: 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.
BERMAVAL
Largest movements
- Cash +€283,110
up €283,110 (+5992.1%), from €4,725 to €287,835
mainly Net result for the year (+€190,734) and Tax, wage and social debts (+€95,428)
- Receivables within one year +€26,912
up €26,912 (+112.7%), from €23,885 to €50,798
of which Other amounts receivable: +€27,513
- Tangible fixed assets -€24,975
no longer reported in 2025 (was €24,975)
of which Land and buildings: -€16,997
- Reserves +€190,718
up €190,718 (+3283.0%), from €5,809 to €196,527
of which Distributable reserves: +€193,800
- Tax, wage and social debts +€95,428
up €95,428 (+5926.2%), from €1,610 to €97,038
- Gross operating margin +€276,757
up €276,757 (+1811.3%), from €15,280 to €292,037
- Taxes +€95,537
up €95,537 (+5932.9%), from €1,610 to €97,147
- Depreciation -€11,412
no longer reported in 2025 (was €11,412)
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 | €53,611 | €338,667 | +€285,055 | +531.7% |
| Fixed assets | 21/28 | €24,975 | - | -€24,975 | |
| Tangible fixed assets | 22/27 | €24,975 | - | -€24,975 | |
| Land and buildings | 22 | €16,997 | - | -€16,997 | |
| Plant, machinery and equipment | 23 | €27 | - | -€27 | |
| Furniture and vehicles | 24 | €7,951 | - | -€7,951 | |
| Current assets | 29/58 | €28,636 | €338,667 | +€310,030 | +1082.6% |
| Amounts receivable within one year | 40/41 | €23,885 | €50,798 | +€26,912 | +112.7% |
| Trade receivables | 40 | €600 | - | -€600 | |
| Other amounts receivable | 41 | €23,285 | €50,798 | +€27,513 | +118.2% |
| Cash at bank and in hand | 54/58 | €4,725 | €287,835 | +€283,110 | +5992.1% |
| Deferred charges and accrued income | 490/1 | €26 | €34 | +€8 | +28.9% |
| Total equity and liabilities | 10/49 | €53,611 | €338,667 | +€285,055 | +531.7% |
| Equity | 10/15 | €50,395 | €241,128 | +€190,734 | +378.5% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €5,809 | €196,527 | +€190,718 | +3283.0% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,083 | - | -€3,083 | |
| Distributable reserves | 133 | - | €193,800 | +€193,800 | |
| Profit (loss) carried forward | 14 | €17,317 | €17,333 | +€16 | +0.1% |
| Provisions and deferred taxes | 16 | €1,028 | - | -€1,028 | |
| Deferred taxes | 168 | €1,028 | - | -€1,028 | |
| Amounts payable | 17/49 | €2,189 | €97,538 | +€95,349 | +4355.5% |
| Amounts payable within one year | 42/48 | €2,189 | €97,538 | +€95,349 | +4355.5% |
| Current portion of amounts payable after more than one year | 42 | €551 | - | -€551 | |
| Trade debts | 44 | €28 | €500 | +€472 | +1664.1% |
| Suppliers | 440/4 | €28 | €500 | +€472 | +1664.1% |
| Taxes, remuneration and social security | 45 | €1,610 | €97,038 | +€95,428 | +5926.2% |
| Taxes | 450/3 | €1,610 | €97,038 | +€95,428 | +5926.2% |
| Non-recurring operating income | 76A | - | €301,516 | +€301,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,412 | - | -€11,412 | |
| Other operating charges | 640/8 | €3,178 | €3,622 | +€444 | +14.0% |
| Non-recurring operating charges | 66A | - | €3,691 | +€3,691 | |
| Gross operating margin | 9900 | €15,280 | €292,037 | +€276,757 | +1811.3% |
| Operating profit (loss) | 9901 | €689 | €284,723 | +€284,034 | +41200.1% |
| Financial income | 75/76B | €1,270 | €2,239 | +€970 | +76.4% |
| Recurring financial income | 75 | €1,270 | €2,239 | +€970 | +76.4% |
| Financial charges | 65/66B | €181 | €109 | -€72 | -39.6% |
| Recurring financial charges | 65 | €181 | €109 | -€72 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €1,778 | €286,853 | +€285,075 | +16032.3% |
| Transfer from deferred taxes | 780 | €1,028 | €1,028 | = | 0.0% |
| Income taxes | 67/77 | €1,610 | €97,147 | +€95,537 | +5932.9% |
| Profit (loss) for the period | 9904 | €1,195 | €190,734 | +€189,538 | +15856.3% |
| Transfer from tax-exempt reserves | 789 | €3,083 | €3,083 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,278 | €193,816 | +€189,538 | +4430.7% |
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 29 September 2026 via checked.be.