BERRYFROST: 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.
What changed
BERRYFROST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€38,287
2024 · €645,825-€607,538
Equity
€23.0m
2024 · €23.0m+€38,287
Cash
€255,710
2024 · €344,689-€88,979
Balance sheet total
€25.3m
2024 · €31.4m-€6.1m
Largest movements
Assets
- Financial fixed assets -€7.0m
down €7.0m (-99.8%), from €7.0m to €15,433
- Current investments +€877,630
up €877,630 (+6.2%), from €14.1m to €15.0m
Equity and liabilities
- Other debts -€7.6m
down €7.6m (-100%), from €7.6m to €0
- Current portion of long-term debt +€850,000
new in 2025: €850,000
- Accrued charges and deferred income +€655,685
up €655,685 (+115%), from €569,374 to €1.2m
Income statement
- Financial income -€1.1m
down €1.1m (-56.4%), from €1.9m to €846,148
- Taxes -€430,213
down €430,213 (-88.9%), from €483,799 to €53,586
- Gross operating margin +€44,745
up €44,745 (+17.1%), from -€262,077 to -€217,333
- Financial charges -€17,899
down €17,899 (-3.3%), from €542,544 to €524,645
- Depreciation +€6,910
up €6,910 (+236%), from €2,923 to €9,833
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.
Result 2024
€645,825
Gross operating margin
+€44,745
Depreciation
-€6,910
Other operating charges
+€1,133
Financial income
-€1.1m
Financial charges
+€17,899
Taxes
+€430,213
Result 2025
€38,287
raises the resultlowers the result
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.
From operations
-€7.1m
Investment
+€6.1m
Financing
+€877,433
Cash 2024
€344,689
From operations (derived)
-€7.1m
Net result for the year
+€38,287
Depreciation
+€9,833
Receivables within one year
-€150,991
Smaller working-capital items
-€844
Other debts
-€7.6m
Accrued charges and deferred income
+€655,685
Investment (derived)
+€6.1m
Investment in fixed assets (net)
+€7.0m
Current investments
-€877,630
Financing
+€877,433
Current portion of long-term debt
+€850,000
Short-term financial debts
+€27,433
Cash 2025
€255,710
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,412,765 | €25,340,653 | -€6.1m | -19.3% |
| Fixed assets | 21/28 | €7,105,511 | €97,025 | -€7.0m | -98.6% |
| Tangible fixed assets | 22/27 | €55,606 | €81,592 | +€25,986 | +46.7% |
| Land and buildings | 22 | €36,210 | €35,088 | -€1,122 | -3.1% |
| Furniture and vehicles | 24 | €19,396 | €46,504 | +€27,108 | +140% |
| Financial fixed assets | 28 | €7,049,906 | €15,433 | -€7.0m | -99.8% |
| Current assets | 29/58 | €24,307,254 | €25,243,628 | +€936,374 | +3.9% |
| Amounts receivable within one year | 40/41 | €9,772,162 | €9,923,153 | +€150,991 | +1.5% |
| Trade receivables | 40 | - | €3,572 | +€3,572 | |
| Other amounts receivable | 41 | €9,772,162 | €9,919,581 | +€147,419 | +1.5% |
| Current investments | 50/53 | €14,135,264 | €15,012,894 | +€877,630 | +6.2% |
| Cash at bank and in hand | 54/58 | €344,689 | €255,710 | -€88,979 | -25.8% |
| Deferred charges and accrued income | 490/1 | €55,138 | €51,870 | -€3,268 | -5.9% |
| Total equity and liabilities | 10/49 | €31,412,765 | €25,340,653 | -€6.1m | -19.3% |
| Equity | 10/15 | €22,964,279 | €23,002,566 | +€38,287 | +0.2% |
| Contributions | 10/11 | €7,095,981 | €7,095,981 | = | 0.0% |
| Capital | 10 | €7,095,981 | €7,095,981 | = | 0.0% |
| Issued capital | 100 | €7,095,981 | €7,095,981 | = | 0.0% |
| Reserves | 13 | €15,868,298 | €15,906,585 | +€38,287 | +0.2% |
| Non-distributable reserves | 130/1 | €190,735 | €192,649 | +€1,914 | +1.0% |
| Legal reserve | 130 | €190,735 | €192,649 | +€1,914 | +1.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Tax-exempt reserves | 132 | €210,500 | €210,500 | = | 0.0% |
| Distributable reserves | 133 | €15,467,064 | €15,503,436 | +€36,372 | +0.2% |
| Amounts payable | 17/49 | €8,448,486 | €2,338,087 | -€6.1m | -72.3% |
| Amounts payable within one year | 42/48 | €7,879,112 | €1,113,028 | -€6.8m | -85.9% |
| Current portion of amounts payable after more than one year | 42 | - | €850,000 | +€850,000 | |
| Financial debts | 43 | €15,893 | €43,326 | +€27,433 | +173% |
| Credit institutions | 430/8 | €15,893 | €43,326 | +€27,433 | +173% |
| Trade debts | 44 | €4,311 | €199 | -€4,112 | -95.4% |
| Suppliers | 440/4 | €4,311 | €199 | -€4,112 | -95.4% |
| Taxes, remuneration and social security | 45 | €219,503 | €219,503 | = | 0.0% |
| Taxes | 450/3 | €219,503 | €219,503 | = | 0.0% |
| Other amounts payable | 47/48 | €7,639,405 | €0 | -€7.6m | -100% |
| Accrued charges and deferred income | 492/3 | €569,374 | €1,225,059 | +€655,685 | +115% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,923 | €9,833 | +€6,910 | +236% |
| Other operating charges | 640/8 | €3,597 | €2,464 | -€1,133 | -31.5% |
| Gross operating margin | 9900 | -€262,077 | -€217,333 | +€44,745 | +17.1% |
| Operating profit (loss) | 9901 | -€268,597 | -€229,630 | +€38,967 | +14.5% |
| Financial income | 75/76B | €1,940,766 | €846,148 | -€1.1m | -56.4% |
| Recurring financial income | 75 | €1,940,766 | €846,148 | -€1.1m | -56.4% |
| Financial charges | 65/66B | €542,544 | €524,645 | -€17,899 | -3.3% |
| Recurring financial charges | 65 | €542,544 | €524,645 | -€17,899 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €1,129,624 | €91,873 | -€1.0m | -91.9% |
| Income taxes | 67/77 | €483,799 | €53,586 | -€430,213 | -88.9% |
| Profit (loss) for the period | 9904 | €645,825 | €38,287 | -€607,538 | -94.1% |
| Transfer from tax-exempt reserves | 789 | €342,672 | €0 | -€342,672 | -100% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €0 | -€210,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €777,997 | €38,287 | -€739,710 | -95.1% |
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 25 October 2026 via checked.be.