BERSEL: 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.
BERSEL
Largest movements
- Receivables within one year +€15,702
up €15,702 (+30.7%), from €51,164 to €66,866
of which Trade receivables: +€8,964
- Tangible fixed assets -€9,318
down €9,318 (-40.2%), from €23,206 to €13,888
of which Furniture and vehicles: -€8,141
- Deferred charges and accrued income +€4,041
up €4,041 (+548.9%), from €736 to €4,778
- Cash +€3,607
up €3,607 (+10.3%), from €35,139 to €38,746
mainly Net result for the year (+€35,680) and Tax, wage and social debts (+€13,022)
- Profit (loss) carried forward +€15,945
up €15,945 (+40.4%), from €39,469 to €55,414
- Tax, wage and social debts +€13,022
up €13,022 (+39.2%), from €33,221 to €46,243
of which Remuneration and social security: +€9,250
- Debts after one year -€6,216
down €6,216 (-40.9%), from €15,216 to €9,000
- Trade debts -€5,744
down €5,744 (-47.3%), from €12,149 to €6,405
- Other debts -€1,865
no longer reported in 2025 (was €1,865)
- Gross operating margin +€99,087
up €99,087 (+104.4%), from €94,944 to €194,031
- Staff costs +€54,326
up €54,326 (+104.7%), from €51,895 to €106,220
- Taxes +€11,845
up €11,845 (+389.7%), from €3,039 to €14,884
- Other operating charges +€11,785
up €11,785 (+75.4%), from €15,638 to €27,422
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 | €129,246 | €143,278 | +€14,032 | +10.9% |
| Fixed assets | 21/28 | €42,206 | €32,888 | -€9,318 | -22.1% |
| Tangible fixed assets | 22/27 | €23,206 | €13,888 | -€9,318 | -40.2% |
| Plant, machinery and equipment | 23 | €2,190 | €1,243 | -€948 | -43.3% |
| Furniture and vehicles | 24 | €19,381 | €11,241 | -€8,141 | -42.0% |
| Other tangible fixed assets | 26 | €1,634 | €1,404 | -€230 | -14.1% |
| Financial fixed assets | 28 | €19,000 | €19,000 | = | 0.0% |
| Current assets | 29/58 | €87,040 | €110,390 | +€23,350 | +26.8% |
| Amounts receivable within one year | 40/41 | €51,164 | €66,866 | +€15,702 | +30.7% |
| Trade receivables | 40 | €51,164 | €60,128 | +€8,964 | +17.5% |
| Other amounts receivable | 41 | - | €6,738 | +€6,738 | |
| Cash at bank and in hand | 54/58 | €35,139 | €38,746 | +€3,607 | +10.3% |
| Deferred charges and accrued income | 490/1 | €736 | €4,778 | +€4,041 | +548.9% |
| Total equity and liabilities | 10/49 | €129,246 | €143,278 | +€14,032 | +10.9% |
| Equity | 10/15 | €59,469 | €75,414 | +€15,945 | +26.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,469 | €55,414 | +€15,945 | +40.4% |
| Amounts payable | 17/49 | €69,777 | €67,863 | -€1,913 | -2.7% |
| Amounts payable after more than one year | 17 | €15,216 | €9,000 | -€6,216 | -40.9% |
| Financial debts | 170/4 | €15,216 | €9,000 | -€6,216 | -40.9% |
| Amounts payable within one year | 42/48 | €54,561 | €58,863 | +€4,302 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €7,326 | €6,216 | -€1,110 | -15.1% |
| Trade debts | 44 | €12,149 | €6,405 | -€5,744 | -47.3% |
| Suppliers | 440/4 | €12,149 | €6,405 | -€5,744 | -47.3% |
| Taxes, remuneration and social security | 45 | €33,221 | €46,243 | +€13,022 | +39.2% |
| Taxes | 450/3 | €22,294 | €26,066 | +€3,772 | +16.9% |
| Remuneration and social security | 454/9 | €10,927 | €20,177 | +€9,250 | +84.7% |
| Other amounts payable | 47/48 | €1,865 | - | -€1,865 | |
| Remuneration, social security and pensions | 62 | €51,895 | €106,220 | +€54,326 | +104.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,359 | €9,318 | -€1,041 | -10.0% |
| Other operating charges | 640/8 | €15,638 | €27,422 | +€11,785 | +75.4% |
| Gross operating margin | 9900 | €94,944 | €194,031 | +€99,087 | +104.4% |
| Operating profit (loss) | 9901 | €17,052 | €51,070 | +€34,018 | +199.5% |
| Financial income | 75/76B | €2 | €73 | +€71 | +3514.4% |
| Recurring financial income | 75 | €2 | €73 | +€71 | +3514.4% |
| Financial charges | 65/66B | €1,270 | €579 | -€691 | -54.4% |
| Recurring financial charges | 65 | €1,270 | €579 | -€691 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €15,784 | €50,564 | +€34,779 | +220.3% |
| Income taxes | 67/77 | €3,039 | €14,884 | +€11,845 | +389.7% |
| Profit (loss) for the period | 9904 | €12,745 | €35,680 | +€22,935 | +179.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,745 | €35,680 | +€22,935 | +179.9% |
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 8 October 2026 via checked.be.