BERMO: 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.
BERMO
Largest movements
- Receivables within one year +€40,285
up €40,285 (+268%), from €15,038 to €55,322
of which Trade receivables: +€35,817
- Tangible fixed assets +€31,012
up €31,012 (+23.3%), from €133,265 to €164,277
of which Leasing and similar rights: +€31,976
- Cash -€22,546
down €22,546 (-78.0%), from €28,897 to €6,351
mainly Investment in fixed assets (net) (-€66,008) and Receivables within one year (-€40,285)
- Stocks and contracts -€6,000
down €6,000 (-100%), from €6,000 to €0
- Current portion of long-term debt +€15,271
up €15,271 (+67.5%), from €22,620 to €37,891
- Reserves +€15,066
up €15,066 (+28.9%), from €52,190 to €67,257
of which Distributable reserves: +€15,066
- Trade debts +€15,019
up €15,019 (+274%), from €5,479 to €20,499
- Tax, wage and social debts -€11,540
down €11,540 (-67.9%), from €16,989 to €5,449
of which Taxes: -€11,540
- Debts after one year +€8,934
up €8,934 (+11.4%), from €78,155 to €87,088
- Gross operating margin +€24,999
up €24,999 (+63.1%), from €39,644 to €64,643
- Depreciation +€9,309
up €9,309 (+36.2%), from €25,687 to €34,996
- Taxes +€5,476
up €5,476 (+314%), from €1,744 to €7,220
- Other operating charges -€2,647
down €2,647 (-93.4%), from €2,833 to €186
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 | €183,199 | €225,950 | +€42,751 | +23.3% |
| Fixed assets | 21/28 | €133,265 | €164,277 | +€31,012 | +23.3% |
| Tangible fixed assets | 22/27 | €133,265 | €164,277 | +€31,012 | +23.3% |
| Plant, machinery and equipment | 23 | €7,118 | €8,427 | +€1,308 | +18.4% |
| Furniture and vehicles | 24 | €3,248 | €1,602 | -€1,646 | -50.7% |
| Leasing and similar rights | 25 | €120,892 | €152,868 | +€31,976 | +26.5% |
| Other tangible fixed assets | 26 | €2,006 | €1,380 | -€626 | -31.2% |
| Current assets | 29/58 | €49,935 | €61,674 | +€11,739 | +23.5% |
| Stocks and contracts in progress | 3 | €6,000 | €0 | -€6,000 | -100% |
| Contracts in progress | 37 | €6,000 | €0 | -€6,000 | -100% |
| Amounts receivable within one year | 40/41 | €15,038 | €55,322 | +€40,285 | +268% |
| Trade receivables | 40 | €12,027 | €47,844 | +€35,817 | +298% |
| Other amounts receivable | 41 | €3,010 | €7,478 | +€4,468 | +148% |
| Cash at bank and in hand | 54/58 | €28,897 | €6,351 | -€22,546 | -78.0% |
| Total equity and liabilities | 10/49 | €183,199 | €225,950 | +€42,751 | +23.3% |
| Equity | 10/15 | €58,440 | €73,507 | +€15,066 | +25.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €52,190 | €67,257 | +€15,066 | +28.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €52,190 | €67,257 | +€15,066 | +28.9% |
| Amounts payable | 17/49 | €124,759 | €152,443 | +€27,684 | +22.2% |
| Amounts payable after more than one year | 17 | €78,155 | €87,088 | +€8,934 | +11.4% |
| Financial debts | 170/4 | €78,155 | €87,088 | +€8,934 | +11.4% |
| Amounts payable within one year | 42/48 | €46,604 | €65,355 | +€18,751 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €22,620 | €37,891 | +€15,271 | +67.5% |
| Trade debts | 44 | €5,479 | €20,499 | +€15,019 | +274% |
| Suppliers | 440/4 | €5,479 | €20,499 | +€15,019 | +274% |
| Taxes, remuneration and social security | 45 | €16,989 | €5,449 | -€11,540 | -67.9% |
| Taxes | 450/3 | €13,789 | €2,249 | -€11,540 | -83.7% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €1,516 | €1,516 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,041 | +€3,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,687 | €34,996 | +€9,309 | +36.2% |
| Other operating charges | 640/8 | €2,833 | €186 | -€2,647 | -93.4% |
| Gross operating margin | 9900 | €39,644 | €64,643 | +€24,999 | +63.1% |
| Operating profit (loss) | 9901 | €11,124 | €29,461 | +€18,337 | +165% |
| Financial income | 75/76B | €276 | €64 | -€212 | -76.9% |
| Recurring financial income | 75 | €276 | €64 | -€212 | -76.9% |
| Financial charges | 65/66B | €7,741 | €7,238 | -€503 | -6.5% |
| Recurring financial charges | 65 | €7,741 | €7,238 | -€503 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €3,659 | €22,286 | +€18,627 | +509% |
| Income taxes | 67/77 | €1,744 | €7,220 | +€5,476 | +314% |
| Profit (loss) for the period | 9904 | €1,915 | €15,066 | +€13,151 | +687% |
| Profit (loss) for the period to be appropriated | 9905 | €1,915 | €15,066 | +€13,151 | +687% |
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 14 October 2026 via checked.be.