BERMU: 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.
BERMU
Largest movements
- Cash +€110,496
new in 2025: €110,496
mainly Net result for the year (+€107,319) and Current investments (+€28,568)
- Deferred charges and accrued income +€47,118
up €47,118 (+2925.9%), from €1,610 to €48,728
- Current investments -€28,568
no longer reported in 2025 (was €28,568)
- Reserves +€107,319
up €107,319 (+715.6%), from €14,997 to €122,316
- Tax, wage and social debts +€26,448
up €26,448 (+444.4%), from €5,952 to €32,400
of which Taxes: +€26,448
- Accrued charges and deferred income -€3,243
no longer reported in 2025 (was €3,243)
- Gross operating margin +€120,331
up €120,331 (+631.3%), from €19,061 to €139,392
- Taxes +€26,448
up €26,448 (+665.6%), from €3,973 to €30,421
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 | €32,599 | €161,577 | +€128,978 | +395.7% |
| Fixed assets | 21/28 | €2,420 | €2,353 | -€67 | -2.7% |
| Tangible fixed assets | 22/27 | €2,420 | €2,353 | -€67 | -2.7% |
| Furniture and vehicles | 24 | €2,420 | €2,353 | -€67 | -2.7% |
| Current assets | 29/58 | €30,179 | €159,224 | +€129,045 | +427.6% |
| Current investments | 50/53 | €28,568 | - | -€28,568 | |
| Cash at bank and in hand | 54/58 | - | €110,496 | +€110,496 | |
| Deferred charges and accrued income | 490/1 | €1,610 | €48,728 | +€47,118 | +2925.9% |
| Total equity and liabilities | 10/49 | €32,599 | €161,577 | +€128,978 | +395.7% |
| Equity | 10/15 | €19,997 | €127,316 | +€107,319 | +536.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,997 | €122,316 | +€107,319 | +715.6% |
| Distributable reserves | 133 | €14,997 | €122,316 | +€107,319 | +715.6% |
| Amounts payable | 17/49 | €12,602 | €34,261 | +€21,659 | +171.9% |
| Amounts payable within one year | 42/48 | €9,359 | €34,261 | +€24,902 | +266.1% |
| Trade debts | 44 | €2,698 | €1,152 | -€1,546 | -57.3% |
| Suppliers | 440/4 | €2,698 | €1,152 | -€1,546 | -57.3% |
| Taxes, remuneration and social security | 45 | €5,952 | €32,400 | +€26,448 | +444.4% |
| Taxes | 450/3 | €3,973 | €30,421 | +€26,448 | +665.6% |
| Remuneration and social security | 454/9 | €1,978 | €1,978 | = | 0.0% |
| Other amounts payable | 47/48 | €710 | €710 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,243 | - | -€3,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29 | €1,061 | +€1,031 | +3548.2% |
| Other operating charges | 640/8 | €50 | €513 | +€463 | +926.0% |
| Gross operating margin | 9900 | €19,061 | €139,392 | +€120,331 | +631.3% |
| Operating profit (loss) | 9901 | €18,982 | €137,819 | +€118,837 | +626.0% |
| Financial charges | 65/66B | €12 | €78 | +€66 | +552.5% |
| Recurring financial charges | 65 | €12 | €78 | +€66 | +552.5% |
| Profit (loss) for the period before taxes | 9903 | €18,970 | €137,740 | +€118,770 | +626.1% |
| Income taxes | 67/77 | €3,973 | €30,421 | +€26,448 | +665.6% |
| Profit (loss) for the period | 9904 | €14,997 | €107,319 | +€92,322 | +615.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,997 | €107,319 | +€92,322 | +615.6% |
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 10 October 2026 via checked.be.