Bersaco: 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.
Bersaco
Largest movements
- Current investments +€26,070
up €26,070 (+26.1%), from €100,000 to €126,070
- Tangible fixed assets -€25,481
down €25,481 (-24.7%), from €103,031 to €77,550
- Cash -€9,878
down €9,878 (-19.0%), from €51,894 to €42,016
mainly Tax, wage and social debts (-€44,068) and Current investments (-€26,070)
- Receivables within one year +€3,365
new in 2025: €3,365
of which Trade receivables: +€2,420
- Tax, wage and social debts -€44,068
down €44,068 (-87.1%), from €50,602 to €6,534
- Profit (loss) carried forward +€39,147
up €39,147 (+26.4%), from €148,205 to €187,352
- Gross operating margin -€141,699
down €141,699 (-65.2%), from €217,389 to €75,690
- Taxes -€31,801
down €31,801 (-72.7%), from €43,749 to €11,948
- Depreciation +€3,137
up €3,137 (+14.0%), from €22,344 to €25,481
- Financial income +€2,846
up €2,846 (+547.7%), from €520 to €3,366
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 | €255,583 | €249,000 | -€6,583 | -2.6% |
| Fixed assets | 21/28 | €103,031 | €77,550 | -€25,481 | -24.7% |
| Tangible fixed assets | 22/27 | €103,031 | €77,550 | -€25,481 | -24.7% |
| Furniture and vehicles | 24 | €103,031 | €77,550 | -€25,481 | -24.7% |
| Current assets | 29/58 | €152,552 | €171,450 | +€18,899 | +12.4% |
| Amounts receivable within one year | 40/41 | - | €3,365 | +€3,365 | |
| Trade receivables | 40 | - | €2,420 | +€2,420 | |
| Other amounts receivable | 41 | - | €945 | +€945 | |
| Current investments | 50/53 | €100,000 | €126,070 | +€26,070 | +26.1% |
| Cash at bank and in hand | 54/58 | €51,894 | €42,016 | -€9,878 | -19.0% |
| Deferred charges and accrued income | 490/1 | €658 | €0 | -€658 | -100.0% |
| Total equity and liabilities | 10/49 | €255,583 | €249,000 | -€6,583 | -2.6% |
| Equity | 10/15 | €198,205 | €237,352 | +€39,147 | +19.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,205 | €187,352 | +€39,147 | +26.4% |
| Amounts payable | 17/49 | €57,379 | €11,648 | -€45,730 | -79.7% |
| Amounts payable within one year | 42/48 | €57,135 | €11,321 | -€45,814 | -80.2% |
| Trade debts | 44 | €2,010 | €93 | -€1,917 | -95.4% |
| Suppliers | 440/4 | €2,010 | €93 | -€1,917 | -95.4% |
| Taxes, remuneration and social security | 45 | €50,602 | €6,534 | -€44,068 | -87.1% |
| Taxes | 450/3 | €50,602 | €6,534 | -€44,068 | -87.1% |
| Other amounts payable | 47/48 | €4,523 | €4,693 | +€170 | +3.8% |
| Accrued charges and deferred income | 492/3 | €243 | €327 | +€84 | +34.4% |
| Non-recurring operating income | 76A | €2,459 | €0 | -€2,459 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,344 | €25,481 | +€3,137 | +14.0% |
| Other operating charges | 640/8 | €3,064 | €1,821 | -€1,243 | -40.6% |
| Gross operating margin | 9900 | €217,389 | €75,690 | -€141,699 | -65.2% |
| Operating profit (loss) | 9901 | €191,981 | €48,388 | -€143,593 | -74.8% |
| Financial income | 75/76B | €520 | €3,366 | +€2,846 | +547.7% |
| Recurring financial income | 75 | €520 | €3,366 | +€2,846 | +547.7% |
| Financial charges | 65/66B | €547 | €658 | +€111 | +20.3% |
| Recurring financial charges | 65 | €547 | €658 | +€111 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €191,953 | €51,095 | -€140,858 | -73.4% |
| Income taxes | 67/77 | €43,749 | €11,948 | -€31,801 | -72.7% |
| Profit (loss) for the period | 9904 | €148,205 | €39,147 | -€109,057 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €148,205 | €39,147 | -€109,057 | -73.6% |
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 3 October 2026 via checked.be.