BERMIMA: 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.
BERMIMA
Largest movements
- Tangible fixed assets -€371,729
down €371,729 (-92.4%), from €402,207 to €30,478
of which Plant, machinery and equipment: -€339,632
- Receivables after one year +€210,056
new in 2025: €210,056
- Receivables within one year +€104,643
up €104,643 (+206.6%), from €50,649 to €155,292
of which Other amounts receivable: +€73,908
- Cash -€26,170
down €26,170 (-91.3%), from €28,666 to €2,497
mainly Receivables after one year (-€210,056) and Receivables within one year (-€104,643)
- Deferred charges and accrued income -€12,630
no longer reported in 2025 (was €12,630)
- Debts after one year -€74,400
down €74,400 (-85.7%), from €86,800 to €12,400
- Reserves +€53,279
up €53,279 (+7164.2%), from €744 to €54,022
of which Distributable reserves: +€53,279
- Other debts -€51,326
down €51,326 (-74.1%), from €69,239 to €17,913
- Current portion of long-term debt -€15,000
down €15,000 (-16.8%), from €89,400 to €74,400
- Trade debts -€13,495
down €13,495 (-85.6%), from €15,765 to €2,269
- Depreciation -€78,964
down €78,964 (-68.3%), from €115,669 to €36,705
- Gross operating margin -€6,237
down €6,237 (-6.2%), from €100,532 to €94,295
- Taxes +€5,328
new in 2025: €5,328
- Financial income +€2,202
new in 2025: €2,202
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 | €494,636 | €399,021 | -€95,615 | -19.3% |
| Fixed assets | 21/28 | €402,207 | €30,478 | -€371,729 | -92.4% |
| Tangible fixed assets | 22/27 | €402,207 | €30,478 | -€371,729 | -92.4% |
| Plant, machinery and equipment | 23 | €341,954 | €2,322 | -€339,632 | -99.3% |
| Furniture and vehicles | 24 | €60,253 | €28,156 | -€32,097 | -53.3% |
| Current assets | 29/58 | €92,428 | €368,543 | +€276,114 | +298.7% |
| Amounts receivable after more than one year | 29 | - | €210,056 | +€210,056 | |
| Other amounts receivable | 291 | - | €210,056 | +€210,056 | |
| Stocks and contracts in progress | 3 | €484 | €698 | +€215 | +44.4% |
| Stocks | 30/36 | €484 | €698 | +€215 | +44.4% |
| Amounts receivable within one year | 40/41 | €50,649 | €155,292 | +€104,643 | +206.6% |
| Trade receivables | 40 | €50,479 | €81,214 | +€30,735 | +60.9% |
| Other amounts receivable | 41 | €169 | €74,077 | +€73,908 | +43624.1% |
| Cash at bank and in hand | 54/58 | €28,666 | €2,497 | -€26,170 | -91.3% |
| Deferred charges and accrued income | 490/1 | €12,630 | - | -€12,630 | |
| Total equity and liabilities | 10/49 | €494,636 | €399,021 | -€95,615 | -19.3% |
| Equity | 10/15 | €233,432 | €286,710 | +€53,279 | +22.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €744 | €54,022 | +€53,279 | +7164.2% |
| Non-distributable reserves | 130/1 | €744 | €744 | = | 0.0% |
| Reserves not available under the articles | 1311 | €744 | €744 | = | 0.0% |
| Distributable reserves | 133 | - | €53,279 | +€53,279 | |
| Profit (loss) carried forward | 14 | €226,488 | €226,488 | = | 0.0% |
| Amounts payable | 17/49 | €261,204 | €112,310 | -€148,894 | -57.0% |
| Amounts payable after more than one year | 17 | €86,800 | €12,400 | -€74,400 | -85.7% |
| Financial debts | 170/4 | €86,800 | €12,400 | -€74,400 | -85.7% |
| Amounts payable within one year | 42/48 | €174,404 | €99,910 | -€74,494 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €89,400 | €74,400 | -€15,000 | -16.8% |
| Trade debts | 44 | €15,765 | €2,269 | -€13,495 | -85.6% |
| Suppliers | 440/4 | €15,765 | €2,269 | -€13,495 | -85.6% |
| Taxes, remuneration and social security | 45 | - | €5,328 | +€5,328 | |
| Taxes | 450/3 | - | €5,328 | +€5,328 | |
| Other amounts payable | 47/48 | €69,239 | €17,913 | -€51,326 | -74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,669 | €36,705 | -€78,964 | -68.3% |
| Other operating charges | 640/8 | €30 | €66 | +€36 | +121.6% |
| Gross operating margin | 9900 | €100,532 | €94,295 | -€6,237 | -6.2% |
| Operating profit (loss) | 9901 | -€15,166 | €57,525 | +€72,691 | |
| Financial income | 75/76B | - | €2,202 | +€2,202 | |
| Recurring financial income | 75 | - | €2,202 | +€2,202 | |
| Financial charges | 65/66B | €1,965 | €1,120 | -€845 | -43.0% |
| Recurring financial charges | 65 | €1,965 | €1,120 | -€845 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,131 | €58,607 | +€75,738 | |
| Income taxes | 67/77 | - | €5,328 | +€5,328 | |
| Profit (loss) for the period | 9904 | -€17,131 | €53,279 | +€70,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,131 | €53,279 | +€70,410 |
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.