BERS: what changed
What changed
BERS
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€1.4m
2024 · -€1.0m-€325,498
Equity
€4.1m
2024 · €5.5m-€1.4m
Cash
€138,154
2024 · €56,605+€81,549
Balance sheet total
€13.2m
2024 · €13.4m-€213,252
Largest movements
Assets
- Tangible fixed assets -€582,294
down €582,294 (-4.5%), from €13.0m to €12.4m
of which Land and buildings: -€574,081
- Stocks and contracts +€297,472
up €297,472 (+91.8%), from €324,204 to €621,676
Equity and liabilities
- Debts after one year +€3.8m
up €3.8m (+76.9%), from €5.0m to €8.8m
- Other debts -€2.8m
down €2.8m (-96.2%), from €2.9m to €110,372
- Reserves -€1.4m
down €1.4m (-37.7%), from €3.6m to €2.2m
of which Distributable reserves: -€1.4m
Income statement
- Gross operating margin -€357,758
down €357,758, from €173,577 to -€184,181
- Depreciation -€106,230
down €106,230 (-17.4%), from €609,373 to €503,142
- Financial charges +€25,011
up €25,011 (+4.6%), from €543,839 to €568,850
- Other operating charges +€4,878
up €4,878 (+10.5%), from €46,459 to €51,337
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.0m
Gross operating margin
-€357,758
Depreciation
+€106,230
Other operating charges
-€4,878
Other operating items
-€43,993
Financial income
-€89
Financial charges
-€25,011
Result 2025
-€1.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3.8m
Investment
+€79,152
Financing
+€3.8m
Cash 2024
€56,605
From operations (derived)
-€3.8m
Net result for the year
-€1.4m
Depreciation
+€503,142
Stocks and contracts
-€297,472
Smaller working-capital items
-€1,287
Deferred charges and accrued income
+€9,647
Trade debts
+€95,346
Other debts
-€2.8m
Investment (derived)
+€79,152
Investment in fixed assets (net)
+€79,152
Financing
+€3.8m
Debts after one year
+€3.8m
Cash 2025
€138,154
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,428,363 | €13,215,111 | -€213,252 | -1.6% |
| Fixed assets | 21/28 | €13,006,413 | €12,424,119 | -€582,294 | -4.5% |
| Tangible fixed assets | 22/27 | €13,006,413 | €12,424,119 | -€582,294 | -4.5% |
| Land and buildings | 22 | €12,908,082 | €12,334,001 | -€574,081 | -4.4% |
| Plant, machinery and equipment | 23 | €98,330 | €90,117 | -€8,213 | -8.4% |
| Current assets | 29/58 | €421,950 | €790,992 | +€369,042 | +87.5% |
| Stocks and contracts in progress | 3 | €324,204 | €621,676 | +€297,472 | +91.8% |
| Stocks | 30/36 | €324,204 | €621,676 | +€297,472 | +91.8% |
| Amounts receivable within one year | 40/41 | €4,098 | €3,767 | -€332 | -8.1% |
| Trade receivables | 40 | €3,914 | €2,955 | -€959 | -24.5% |
| Other amounts receivable | 41 | €185 | €812 | +€627 | +339% |
| Cash at bank and in hand | 54/58 | €56,605 | €138,154 | +€81,549 | +144% |
| Deferred charges and accrued income | 490/1 | €37,042 | €27,396 | -€9,647 | -26.0% |
| Total equity and liabilities | 10/49 | €13,428,363 | €13,215,111 | -€213,252 | -1.6% |
| Equity | 10/15 | €5,477,555 | €4,126,052 | -€1.4m | -24.7% |
| Contributions | 10/11 | €1,892,000 | €1,892,000 | = | 0.0% |
| Capital | 10 | €1,892,000 | €1,892,000 | = | 0.0% |
| Issued capital | 100 | €1,892,000 | €1,892,000 | = | 0.0% |
| Reserves | 13 | €3,585,555 | €2,234,052 | -€1.4m | -37.7% |
| Non-distributable reserves | 130/1 | €189,200 | €189,200 | = | 0.0% |
| Legal reserve | 130 | €189,200 | €189,200 | = | 0.0% |
| Distributable reserves | 133 | €3,396,355 | €2,044,852 | -€1.4m | -39.8% |
| Amounts payable | 17/49 | €7,950,808 | €9,089,059 | +€1.1m | +14.3% |
| Amounts payable after more than one year | 17 | €4,983,000 | €8,813,342 | +€3.8m | +76.9% |
| Financial debts | 170/4 | €4,983,000 | €8,813,342 | +€3.8m | +76.9% |
| Amounts payable within one year | 42/48 | €2,966,189 | €275,717 | -€2.7m | -90.7% |
| Trade debts | 44 | €69,999 | €165,345 | +€95,346 | +136% |
| Suppliers | 440/4 | €69,999 | €165,345 | +€95,346 | +136% |
| Other amounts payable | 47/48 | €2,896,189 | €110,372 | -€2.8m | -96.2% |
| Accrued charges and deferred income | 492/3 | €1,619 | €0 | -€1,619 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609,373 | €503,142 | -€106,230 | -17.4% |
| Other operating charges | 640/8 | €46,459 | €51,337 | +€4,878 | +10.5% |
| Non-recurring operating charges | 66A | - | €43,993 | +€43,993 | |
| Gross operating margin | 9900 | €173,577 | -€184,181 | -€357,758 | |
| Operating profit (loss) | 9901 | -€482,254 | -€782,653 | -€300,398 | -62.3% |
| Financial income | 75/76B | €89 | €0 | -€89 | -99.9% |
| Recurring financial income | 75 | €89 | €0 | -€89 | -99.9% |
| Financial charges | 65/66B | €543,839 | €568,850 | +€25,011 | +4.6% |
| Recurring financial charges | 65 | €543,839 | €568,850 | +€25,011 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,026,004 | -€1,351,503 | -€325,498 | -31.7% |
| Profit (loss) for the period | 9904 | -€1,026,004 | -€1,351,503 | -€325,498 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,026,004 | -€1,351,503 | -€325,498 | -31.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.