BERRE: 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.
BERRE
Largest movements
- Tangible fixed assets +€288,622
up €288,622 (+40.0%), from €720,976 to €1.0m
of which Land and buildings: +€358,775
- Stocks and contracts -€44,500
no longer reported in 2025 (was €44,500)
- Cash -€14,717
down €14,717 (-89.0%), from €16,543 to €1,827
mainly Investment in fixed assets (net) (-€326,257) and Net result for the year (-€131,134)
- Debts after one year +€242,232
up €242,232 (+90.8%), from €266,732 to €508,963
- Other debts +€229,405
up €229,405 (+135.2%), from €169,660 to €399,065
- Reserves -€131,134
down €131,134 (-96.6%), from €135,747 to €4,612
of which Distributable reserves: -€90,561
- Current portion of long-term debt -€53,442
no longer reported in 2025 (was €53,442)
- Accrued charges and deferred income -€36,044
down €36,044 (-96.1%), from €37,500 to €1,456
- Gross operating margin -€269,488
down €269,488 (-86.6%), from €311,069 to €41,581
- Staff costs -€222,168
down €222,168 (-68.2%), from €325,590 to €103,422
- Other operating charges +€37,321
up €37,321 (+308.4%), from €12,103 to €49,423
- Financial income +€32,137
up €32,137 (+1888.4%), from €1,702 to €33,839
of which Financial income: +€32,137
- Depreciation -€26,294
down €26,294 (-41.1%), from €63,930 to €37,636
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 | €789,372 | €1,017,107 | +€227,735 | +28.9% |
| Fixed assets | 21/28 | €720,976 | €1,009,597 | +€288,622 | +40.0% |
| Tangible fixed assets | 22/27 | €720,976 | €1,009,597 | +€288,622 | +40.0% |
| Land and buildings | 22 | €636,737 | €995,512 | +€358,775 | +56.3% |
| Plant, machinery and equipment | 23 | €66,295 | - | -€66,295 | |
| Furniture and vehicles | 24 | €17,944 | €14,085 | -€3,859 | -21.5% |
| Current assets | 29/58 | €68,396 | €7,509 | -€60,887 | -89.0% |
| Stocks and contracts in progress | 3 | €44,500 | - | -€44,500 | |
| Stocks | 30/36 | €44,500 | - | -€44,500 | |
| Amounts receivable within one year | 40/41 | €7,353 | €3,630 | -€3,723 | -50.6% |
| Trade receivables | 40 | €4,929 | €3,630 | -€1,299 | -26.4% |
| Other amounts receivable | 41 | €2,424 | - | -€2,424 | |
| Cash at bank and in hand | 54/58 | €16,543 | €1,827 | -€14,717 | -89.0% |
| Deferred charges and accrued income | 490/1 | - | €2,053 | +€2,053 | |
| Total equity and liabilities | 10/49 | €789,372 | €1,017,107 | +€227,735 | +28.9% |
| Equity | 10/15 | €156,207 | €25,072 | -€131,134 | -83.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €135,747 | €4,612 | -€131,134 | -96.6% |
| Tax-exempt reserves | 132 | €40,573 | - | -€40,573 | |
| Distributable reserves | 133 | €95,174 | €4,612 | -€90,561 | -95.2% |
| Provisions and deferred taxes | 16 | €20,901 | - | -€20,901 | |
| Deferred taxes | 168 | €20,901 | - | -€20,901 | |
| Amounts payable | 17/49 | €612,264 | €992,034 | +€379,770 | +62.0% |
| Amounts payable after more than one year | 17 | €266,732 | €508,963 | +€242,232 | +90.8% |
| Financial debts | 170/4 | €266,732 | €508,963 | +€242,232 | +90.8% |
| Amounts payable within one year | 42/48 | €308,033 | €481,614 | +€173,582 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | €53,442 | - | -€53,442 | |
| Financial debts | 43 | - | €12,270 | +€12,270 | |
| Credit institutions | 430/8 | - | €12,270 | +€12,270 | |
| Trade debts | 44 | €25,812 | €15,997 | -€9,815 | -38.0% |
| Suppliers | 440/4 | €25,812 | €15,997 | -€9,815 | -38.0% |
| Taxes, remuneration and social security | 45 | €59,119 | €54,282 | -€4,837 | -8.2% |
| Taxes | 450/3 | €23,460 | €54,282 | +€30,821 | +131.4% |
| Remuneration and social security | 454/9 | €35,659 | - | -€35,659 | |
| Other amounts payable | 47/48 | €169,660 | €399,065 | +€229,405 | +135.2% |
| Accrued charges and deferred income | 492/3 | €37,500 | €1,456 | -€36,044 | -96.1% |
| Remuneration, social security and pensions | 62 | €325,590 | €103,422 | -€222,168 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,930 | €37,636 | -€26,294 | -41.1% |
| Other operating charges | 640/8 | €12,103 | €49,423 | +€37,321 | +308.4% |
| Gross operating margin | 9900 | €311,069 | €41,581 | -€269,488 | -86.6% |
| Operating profit (loss) | 9901 | -€90,554 | -€148,900 | -€58,347 | -64.4% |
| Financial income | 75/76B | €1,702 | €33,839 | +€32,137 | +1888.4% |
| Recurring financial income | 75 | €1,702 | €33,839 | +€32,137 | +1888.4% |
| Non-recurring financial income | 76B | €1,702 | €33,839 | +€32,137 | +1888.4% |
| Financial charges | 65/66B | €25,814 | €36,508 | +€10,694 | +41.4% |
| Recurring financial charges | 65 | €25,814 | €36,508 | +€10,694 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | -€114,666 | -€151,569 | -€36,903 | -32.2% |
| Transfer from deferred taxes | 780 | €37,411 | €20,901 | -€16,510 | -44.1% |
| Income taxes | 67/77 | €6,019 | €466 | -€5,553 | -92.3% |
| Profit (loss) for the period | 9904 | -€83,274 | -€131,134 | -€47,860 | -57.5% |
| Transfer from tax-exempt reserves | 789 | €72,589 | €40,573 | -€32,016 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,685 | -€90,561 | -€79,876 | -747.6% |
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 4 October 2026 via checked.be.