BERSAULT: 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.
BERSAULT
Largest movements
- Current investments +€58,400
new in 2025: €58,400
- Cash -€30,821
down €30,821 (-48.7%), from €63,285 to €32,464
mainly Current investments (-€58,400) and Receivables within one year (-€29,198)
- Receivables within one year +€29,198
up €29,198 (+75.4%), from €38,746 to €67,944
of which Other amounts receivable: +€31,493
- Deferred charges and accrued income +€6,347
up €6,347 (+20,189%), from €31 to €6,379
- Tangible fixed assets +€3,814
new in 2025: €3,814
- Reserves +€66,332
up €66,332 (+90.8%), from €73,082 to €139,414
- Trade debts +€1,912
new in 2025: €1,912
- Gross operating margin -€8,284
down €8,284 (-9.0%), from €91,711 to €83,427
- Financial income +€3,012
up €3,012 (+30,119,300%), from €0 to €3,012
- Financial charges +€2,015
up €2,015 (+24,160%), from €8 to €2,023
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,062 | €169,000 | +€66,938 | +65.6% |
| Fixed assets | 21/28 | - | €3,814 | +€3,814 | |
| Tangible fixed assets | 22/27 | - | €3,814 | +€3,814 | |
| Other tangible fixed assets | 26 | - | €3,814 | +€3,814 | |
| Current assets | 29/58 | €102,062 | €165,186 | +€63,124 | +61.8% |
| Amounts receivable within one year | 40/41 | €38,746 | €67,944 | +€29,198 | +75.4% |
| Trade receivables | 40 | €17,152 | €14,857 | -€2,295 | -13.4% |
| Other amounts receivable | 41 | €21,594 | €53,087 | +€31,493 | +146% |
| Current investments | 50/53 | - | €58,400 | +€58,400 | |
| Cash at bank and in hand | 54/58 | €63,285 | €32,464 | -€30,821 | -48.7% |
| Deferred charges and accrued income | 490/1 | €31 | €6,379 | +€6,347 | +20,189% |
| Total equity and liabilities | 10/49 | €102,062 | €169,000 | +€66,938 | +65.6% |
| Equity | 10/15 | €77,082 | €143,414 | +€66,332 | +86.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €73,082 | €139,414 | +€66,332 | +90.8% |
| Distributable reserves | 133 | €73,082 | €139,414 | +€66,332 | +90.8% |
| Amounts payable | 17/49 | €24,980 | €25,586 | +€606 | +2.4% |
| Amounts payable within one year | 42/48 | €24,980 | €25,586 | +€606 | +2.4% |
| Trade debts | 44 | - | €1,912 | +€1,912 | |
| Suppliers | 440/4 | - | €1,912 | +€1,912 | |
| Taxes, remuneration and social security | 45 | €24,980 | €23,674 | -€1,306 | -5.2% |
| Taxes | 450/3 | €24,980 | €23,674 | -€1,306 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €362 | +€362 | |
| Gross operating margin | 9900 | €91,711 | €83,427 | -€8,284 | -9.0% |
| Operating profit (loss) | 9901 | €91,711 | €83,065 | -€8,646 | -9.4% |
| Financial income | 75/76B | €0 | €3,012 | +€3,012 | +30,119,300% |
| Recurring financial income | 75 | €0 | €3,012 | +€3,012 | +30,119,300% |
| Financial charges | 65/66B | €8 | €2,023 | +€2,015 | +24,160% |
| Recurring financial charges | 65 | €8 | €2,023 | +€2,015 | +24,160% |
| Profit (loss) for the period before taxes | 9903 | €91,702 | €84,053 | -€7,649 | -8.3% |
| Income taxes | 67/77 | €18,620 | €17,722 | -€898 | -4.8% |
| Profit (loss) for the period | 9904 | €73,082 | €66,332 | -€6,751 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,082 | €66,332 | -€6,751 | -9.2% |
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 24 October 2026 via checked.be.