BERMULUX: 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.
BERMULUX
Largest movements
- Tangible fixed assets -€29,010
down €29,010 (-23.9%), from €121,520 to €92,510
- Cash -€14,258
down €14,258 (-10.6%), from €134,324 to €120,066
mainly Contributions, distributions and other (-€41,504) and Debts after one year (-€14,421)
- Reserves -€41,504
down €41,504 (-44.5%), from €93,363 to €51,859
of which Distributable reserves: -€41,504
- Trade debts +€22,868
up €22,868 (+19.2%), from €119,105 to €141,973
- Debts after one year -€14,421
down €14,421 (-100.0%), from €14,421 to €0
- Current portion of long-term debt -€10,616
down €10,616 (-42.4%), from €25,037 to €14,421
- Tax, wage and social debts -€10,389
down €10,389 (-72.4%), from €14,342 to €3,954
of which Taxes: -€9,382
- Gross operating margin -€6,832
down €6,832 (-12.6%), from €54,369 to €47,537
- Depreciation -€6,244
down €6,244 (-16.1%), from €38,887 to €32,643
- Other operating charges +€610
up €610 (+80.8%), from €755 to €1,366
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 | €371,359 | €326,849 | -€44,509 | -12.0% |
| Fixed assets | 21/28 | €122,637 | €93,627 | -€29,010 | -23.7% |
| Tangible fixed assets | 22/27 | €121,520 | €92,510 | -€29,010 | -23.9% |
| Land and buildings | 22 | €15,000 | €15,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,338 | €10,313 | -€1,026 | -9.0% |
| Furniture and vehicles | 24 | €2,167 | €828 | -€1,339 | -61.8% |
| Leasing and similar rights | 25 | €21,338 | €8,270 | -€13,068 | -61.2% |
| Other tangible fixed assets | 26 | €71,676 | €58,099 | -€13,577 | -18.9% |
| Financial fixed assets | 28 | €1,118 | €1,118 | = | 0.0% |
| Current assets | 29/58 | €248,721 | €233,222 | -€15,499 | -6.2% |
| Stocks and contracts in progress | 3 | €5,605 | €4,303 | -€1,302 | -23.2% |
| Stocks | 30/36 | €5,605 | €4,303 | -€1,302 | -23.2% |
| Amounts receivable within one year | 40/41 | €108,792 | €108,853 | +€61 | +0.1% |
| Trade receivables | 40 | €6,752 | €7,557 | +€806 | +11.9% |
| Other amounts receivable | 41 | €102,040 | €101,296 | -€745 | -0.7% |
| Cash at bank and in hand | 54/58 | €134,324 | €120,066 | -€14,258 | -10.6% |
| Total equity and liabilities | 10/49 | €371,359 | €326,849 | -€44,509 | -12.0% |
| Equity | 10/15 | €159,216 | €124,997 | -€34,219 | -21.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €93,363 | €51,859 | -€41,504 | -44.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €93,363 | €51,859 | -€41,504 | -44.5% |
| Profit (loss) carried forward | 14 | €47,260 | €54,546 | +€7,286 | +15.4% |
| Amounts payable | 17/49 | €212,143 | €201,852 | -€10,291 | -4.9% |
| Amounts payable after more than one year | 17 | €14,421 | €0 | -€14,421 | -100.0% |
| Financial debts | 170/4 | €14,421 | €0 | -€14,421 | -100.0% |
| Amounts payable within one year | 42/48 | €197,722 | €201,852 | +€4,130 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €25,037 | €14,421 | -€10,616 | -42.4% |
| Trade debts | 44 | €119,105 | €141,973 | +€22,868 | +19.2% |
| Suppliers | 440/4 | €119,105 | €141,973 | +€22,868 | +19.2% |
| Taxes, remuneration and social security | 45 | €14,342 | €3,954 | -€10,389 | -72.4% |
| Taxes | 450/3 | €12,075 | €2,693 | -€9,382 | -77.7% |
| Remuneration and social security | 454/9 | €2,267 | €1,260 | -€1,007 | -44.4% |
| Other amounts payable | 47/48 | €39,237 | €41,504 | +€2,267 | +5.8% |
| Remuneration, social security and pensions | 62 | €5,655 | €5,740 | +€85 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,887 | €32,643 | -€6,244 | -16.1% |
| Other operating charges | 640/8 | €755 | €1,366 | +€610 | +80.8% |
| Gross operating margin | 9900 | €54,369 | €47,537 | -€6,832 | -12.6% |
| Operating profit (loss) | 9901 | €9,071 | €7,788 | -€1,283 | -14.1% |
| Financial income | 75/76B | €4,832 | €5,275 | +€443 | +9.2% |
| Recurring financial income | 75 | €4,832 | €5,275 | +€443 | +9.2% |
| Financial charges | 65/66B | €3,592 | €3,704 | +€112 | +3.1% |
| Recurring financial charges | 65 | €3,592 | €3,704 | +€112 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €10,310 | €9,359 | -€952 | -9.2% |
| Income taxes | 67/77 | €1,936 | €2,073 | +€137 | +7.1% |
| Profit (loss) for the period | 9904 | €8,374 | €7,286 | -€1,089 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,374 | €7,286 | -€1,089 | -13.0% |
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 7 October 2026 via checked.be.