BERO: 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.
BERO
Largest movements
- Cash +€293,829
up €293,829 (+252%), from €116,426 to €410,255
mainly Current investments (+€200,000) and Net result for the year (+€102,258)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Deferred charges and accrued income -€100,188
down €100,188 (-98.4%), from €101,769 to €1,581
- Receivables within one year +€13,587
up €13,587 (+510%), from €2,666 to €16,253
- Tangible fixed assets -€9,519
down €9,519 (-4.7%), from €203,145 to €193,626
of which Land and buildings: -€7,319
- Debts after one year -€16,962
down €16,962 (-17.0%), from €99,485 to €82,523
of which Financial debts: -€16,962
- Tax, wage and social debts +€13,279
up €13,279 (+38.2%), from €34,802 to €48,080
of which Taxes: +€10,479
- Financial income -€141,903
down €141,903 (-97.2%), from €145,947 to €4,044
- Taxes -€12,494
down €12,494 (-22.0%), from €56,686 to €44,192
- Gross operating margin +€3,659
up €3,659 (+2.4%), from €151,513 to €155,172
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 | €851,466 | €849,175 | -€2,291 | -0.3% |
| Fixed assets | 21/28 | €430,605 | €421,086 | -€9,519 | -2.2% |
| Tangible fixed assets | 22/27 | €203,145 | €193,626 | -€9,519 | -4.7% |
| Land and buildings | 22 | €197,541 | €190,222 | -€7,319 | -3.7% |
| Furniture and vehicles | 24 | €5,604 | €3,404 | -€2,200 | -39.3% |
| Financial fixed assets | 28 | €227,460 | €227,460 | = | 0.0% |
| Current assets | 29/58 | €420,861 | €428,089 | +€7,228 | +1.7% |
| Amounts receivable within one year | 40/41 | €2,666 | €16,253 | +€13,587 | +510% |
| Trade receivables | 40 | €2,666 | €16,253 | +€13,587 | +510% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €116,426 | €410,255 | +€293,829 | +252% |
| Deferred charges and accrued income | 490/1 | €101,769 | €1,581 | -€100,188 | -98.4% |
| Total equity and liabilities | 10/49 | €851,466 | €849,175 | -€2,291 | -0.3% |
| Equity | 10/15 | €694,907 | €693,665 | -€1,242 | -0.2% |
| Contributions | 10/11 | €155,567 | €155,567 | = | 0.0% |
| Reserves | 13 | €533,873 | €532,573 | -€1,300 | -0.2% |
| Distributable reserves | 133 | €533,873 | €532,573 | -€1,300 | -0.2% |
| Profit (loss) carried forward | 14 | €5,468 | €5,526 | +€58 | +1.1% |
| Amounts payable | 17/49 | €156,559 | €155,510 | -€1,049 | -0.7% |
| Amounts payable after more than one year | 17 | €99,485 | €82,523 | -€16,962 | -17.0% |
| Financial debts | 170/4 | €97,528 | €80,566 | -€16,962 | -17.4% |
| Other amounts payable | 178/9 | €1,957 | €1,957 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,074 | €72,480 | +€15,407 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €16,962 | €16,962 | = | 0.0% |
| Trade debts | 44 | €3,162 | €1,692 | -€1,469 | -46.5% |
| Suppliers | 440/4 | €3,162 | €1,692 | -€1,469 | -46.5% |
| Taxes, remuneration and social security | 45 | €34,802 | €48,080 | +€13,279 | +38.2% |
| Taxes | 450/3 | €34,802 | €45,280 | +€10,479 | +30.1% |
| Remuneration and social security | 454/9 | €0 | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €2,149 | €5,746 | +€3,597 | +167% |
| Accrued charges and deferred income | 492/3 | €0 | €506 | +€506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,042 | €9,519 | -€1,522 | -13.8% |
| Other operating charges | 640/8 | €905 | €788 | -€117 | -12.9% |
| Gross operating margin | 9900 | €151,513 | €155,172 | +€3,659 | +2.4% |
| Operating profit (loss) | 9901 | €139,566 | €144,865 | +€5,298 | +3.8% |
| Financial income | 75/76B | €145,947 | €4,044 | -€141,903 | -97.2% |
| Recurring financial income | 75 | €145,947 | €4,044 | -€141,903 | -97.2% |
| Financial charges | 65/66B | €2,290 | €2,458 | +€168 | +7.3% |
| Recurring financial charges | 65 | €2,290 | €2,458 | +€168 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €283,223 | €146,450 | -€136,773 | -48.3% |
| Income taxes | 67/77 | €56,686 | €44,192 | -€12,494 | -22.0% |
| Profit (loss) for the period | 9904 | €226,537 | €102,258 | -€124,279 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €226,537 | €102,258 | -€124,279 | -54.9% |
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 13 October 2026 via checked.be.