BERSEN: 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.
BERSEN
Largest movements
- Cash +€58,670
up €58,670 (+143%), from €41,124 to €99,795
mainly Other debts (+€71,302) and Receivables within one year (+€33,831)
- Receivables within one year -€33,831
down €33,831 (-84.5%), from €40,014 to €6,182
of which Other amounts receivable: -€33,721
- Current investments -€30,000
down €30,000 (-13.0%), from €230,000 to €200,000
- Receivables after one year +€13,122
up €13,122 (+4.3%), from €304,430 to €317,551
- Tangible fixed assets -€9,886
down €9,886 (-10.2%), from €96,988 to €87,102
of which Land and buildings: -€5,173
- Reserves -€76,424
down €76,424 (-17.8%), from €428,504 to €352,080
of which Distributable reserves: -€76,424
- Other debts +€71,302
new in 2025: €71,302
- Gross operating margin +€4,593
up €4,593 (+16.8%), from €27,382 to €31,975
- Taxes +€2,113
up €2,113 (+19.6%), from €10,766 to €12,879
- Financial income +€1,649
up €1,649 (+10.5%), from €15,635 to €17,284
- Depreciation -€946
down €946 (-8.1%), from €11,701 to €10,755
- Other operating charges -€326
down €326 (-14.0%), from €2,322 to €1,997
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 | €714,417 | €710,651 | -€3,766 | -0.5% |
| Fixed assets | 21/28 | €96,988 | €87,102 | -€9,886 | -10.2% |
| Tangible fixed assets | 22/27 | €96,988 | €87,102 | -€9,886 | -10.2% |
| Land and buildings | 22 | €90,709 | €85,536 | -€5,173 | -5.7% |
| Furniture and vehicles | 24 | €5,734 | €1,525 | -€4,209 | -73.4% |
| Other tangible fixed assets | 26 | €544 | €41 | -€503 | -92.4% |
| Current assets | 29/58 | €617,429 | €623,549 | +€6,120 | +1.0% |
| Amounts receivable after more than one year | 29 | €304,430 | €317,551 | +€13,122 | +4.3% |
| Other amounts receivable | 291 | €304,430 | €317,551 | +€13,122 | +4.3% |
| Amounts receivable within one year | 40/41 | €40,014 | €6,182 | -€33,831 | -84.5% |
| Trade receivables | 40 | €6,293 | €6,182 | -€111 | -1.8% |
| Other amounts receivable | 41 | €33,721 | €0 | -€33,721 | -100% |
| Current investments | 50/53 | €230,000 | €200,000 | -€30,000 | -13.0% |
| Cash at bank and in hand | 54/58 | €41,124 | €99,795 | +€58,670 | +143% |
| Deferred charges and accrued income | 490/1 | €1,862 | €21 | -€1,841 | -98.9% |
| Total equity and liabilities | 10/49 | €714,417 | €710,651 | -€3,766 | -0.5% |
| Equity | 10/15 | €703,657 | €627,234 | -€76,424 | -10.9% |
| Contributions | 10/11 | €275,154 | €275,154 | = | 0.0% |
| Reserves | 13 | €428,504 | €352,080 | -€76,424 | -17.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €421,643 | €345,219 | -€76,424 | -18.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,760 | €83,418 | +€72,658 | +675% |
| Amounts payable after more than one year | 17 | €2,075 | €2,075 | = | 0.0% |
| Other amounts payable | 178/9 | €2,075 | €2,075 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,685 | €81,343 | +€72,658 | +837% |
| Trade debts | 44 | €1,998 | €1,449 | -€549 | -27.5% |
| Suppliers | 440/4 | €1,998 | €1,449 | -€549 | -27.5% |
| Taxes, remuneration and social security | 45 | €6,687 | €8,591 | +€1,905 | +28.5% |
| Taxes | 450/3 | €6,687 | €8,591 | +€1,905 | +28.5% |
| Other amounts payable | 47/48 | - | €71,302 | +€71,302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,701 | €10,755 | -€946 | -8.1% |
| Other operating charges | 640/8 | €2,322 | €1,997 | -€326 | -14.0% |
| Gross operating margin | 9900 | €27,382 | €31,975 | +€4,593 | +16.8% |
| Operating profit (loss) | 9901 | €13,359 | €19,224 | +€5,864 | +43.9% |
| Financial income | 75/76B | €15,635 | €17,284 | +€1,649 | +10.5% |
| Recurring financial income | 75 | €15,635 | €17,284 | +€1,649 | +10.5% |
| Financial charges | 65/66B | €41 | €52 | +€12 | +28.5% |
| Recurring financial charges | 65 | €41 | €52 | +€12 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €28,954 | €36,455 | +€7,501 | +25.9% |
| Income taxes | 67/77 | €10,766 | €12,879 | +€2,113 | +19.6% |
| Profit (loss) for the period | 9904 | €18,187 | €23,576 | +€5,389 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,187 | €23,576 | +€5,389 | +29.6% |
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 15 October 2026 via checked.be.