BERPACO: 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.
BERPACO
Largest movements
- Current investments +€52,836
up €52,836 (+13.5%), from €390,087 to €442,923
- Tangible fixed assets -€24,810
down €24,810 (-12.4%), from €199,305 to €174,494
of which Furniture and vehicles: -€22,705
- Reserves +€49,145
up €49,145 (+10.2%), from €479,640 to €528,785
of which Distributable reserves: +€49,145
- Debts after one year -€11,652
no longer reported in 2025 (was €11,652)
- Other debts -€6,400
down €6,400 (-27.7%), from €23,094 to €16,694
- Gross operating margin -€2,884
down €2,884 (-2.7%), from €105,834 to €102,950
- Financial income +€1,935
up €1,935 (+35.7%), from €5,424 to €7,359
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 | €598,855 | €626,711 | +€27,855 | +4.7% |
| Fixed assets | 21/28 | €200,048 | €175,238 | -€24,810 | -12.4% |
| Tangible fixed assets | 22/27 | €199,305 | €174,494 | -€24,810 | -12.4% |
| Land and buildings | 22 | €129,333 | €127,228 | -€2,105 | -1.6% |
| Furniture and vehicles | 24 | €69,972 | €47,266 | -€22,705 | -32.4% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €398,807 | €451,473 | +€52,666 | +13.2% |
| Amounts receivable within one year | 40/41 | €1,440 | €2,550 | +€1,110 | +77.1% |
| Other amounts receivable | 41 | €1,440 | €2,550 | +€1,110 | +77.1% |
| Current investments | 50/53 | €390,087 | €442,923 | +€52,836 | +13.5% |
| Cash at bank and in hand | 54/58 | €309 | €275 | -€34 | -11.1% |
| Deferred charges and accrued income | 490/1 | €6,971 | €5,725 | -€1,246 | -17.9% |
| Total equity and liabilities | 10/49 | €598,855 | €626,711 | +€27,855 | +4.7% |
| Equity | 10/15 | €543,103 | €592,251 | +€49,149 | +9.0% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €479,640 | €528,785 | +€49,145 | +10.2% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €473,340 | €522,485 | +€49,145 | +10.4% |
| Profit (loss) carried forward | 14 | €463 | €466 | +€4 | +0.8% |
| Amounts payable | 17/49 | €55,752 | €34,459 | -€21,293 | -38.2% |
| Amounts payable after more than one year | 17 | €11,652 | - | -€11,652 | |
| Financial debts | 170/4 | €11,652 | - | -€11,652 | |
| Amounts payable within one year | 42/48 | €44,100 | €34,459 | -€9,641 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €12,579 | €11,652 | -€927 | -7.4% |
| Trade debts | 44 | €453 | €749 | +€295 | +65.2% |
| Suppliers | 440/4 | €453 | €749 | +€295 | +65.2% |
| Taxes, remuneration and social security | 45 | €7,973 | €5,364 | -€2,609 | -32.7% |
| Taxes | 450/3 | €7,473 | €5,364 | -€2,109 | -28.2% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €23,094 | €16,694 | -€6,400 | -27.7% |
| Non-recurring operating income | 76A | €1,219 | - | -€1,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,853 | €30,244 | +€391 | +1.3% |
| Other operating charges | 640/8 | €2,980 | €2,841 | -€139 | -4.7% |
| Gross operating margin | 9900 | €105,834 | €102,950 | -€2,884 | -2.7% |
| Operating profit (loss) | 9901 | €73,001 | €69,865 | -€3,136 | -4.3% |
| Financial income | 75/76B | €5,424 | €7,359 | +€1,935 | +35.7% |
| Recurring financial income | 75 | €5,424 | €7,359 | +€1,935 | +35.7% |
| Financial charges | 65/66B | €384 | €1,014 | +€630 | +163.9% |
| Recurring financial charges | 65 | €384 | €1,014 | +€630 | +163.9% |
| Profit (loss) for the period before taxes | 9903 | €78,041 | €76,210 | -€1,831 | -2.3% |
| Income taxes | 67/77 | €27,720 | €27,062 | -€658 | -2.4% |
| Profit (loss) for the period | 9904 | €50,322 | €49,149 | -€1,173 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,322 | €49,149 | -€1,173 | -2.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.