BERSO: what changed
What changed
BERSO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€210,799
2024 · €207,417+€3,383
Equity
€1.1m
2024 · €876,949+€210,799
Cash
€30,691
2024 · €142,524-€111,833
Balance sheet total
€1.4m
2024 · €1.3m+€179,839
Largest movements
Assets
- Current investments +€200,000
up €200,000 (+200%), from €100,000 to €300,000
- Cash -€111,833
down €111,833 (-78.5%), from €142,524 to €30,691
mainly Current investments (-€200,000) and Receivables within one year (-€98,187)
- Receivables within one year +€98,187
up €98,187 (+21.6%), from €454,105 to €552,293
of which Other amounts receivable: +€91,029
Equity and liabilities
- Profit (loss) carried forward +€210,799
up €210,799 (+27.3%), from €771,592 to €982,391
- Tax, wage and social debts -€31,299
down €31,299 (-53.7%), from €58,250 to €26,951
of which Taxes: -€31,299
Income statement
- Gross operating margin +€10,350
up €10,350 (+3.3%), from €309,147 to €319,497
- Other operating charges +€7,670
up €7,670 (+203%), from €3,772 to €11,442
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
€207,417
Gross operating margin
+€10,350
Depreciation
-€615
Other operating charges
-€7,670
Financial income
+€3,152
Financial charges
-€2,372
Taxes
+€537
Result 2025
€210,799
raises the resultlowers the result
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
+€95,452
Investment
-€207,285
Financing
€0
Cash 2024
€142,524
From operations (derived)
+€95,452
Net result for the year
+€210,799
Depreciation
+€13,244
Receivables within one year
-€98,187
Deferred charges and accrued income
+€557
Trade debts
-€1,620
Tax, wage and social debts
-€31,299
Other debts
+€1,958
Investment (derived)
-€207,285
Investment in fixed assets (net)
-€7,285
Current investments
-€200,000
Cash 2025
€30,691
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,260,781 | €1,440,619 | +€179,839 | +14.3% |
| Fixed assets | 21/28 | €557,487 | €551,529 | -€5,959 | -1.1% |
| Intangible fixed assets | 21 | €5,960 | €1,913 | -€4,047 | -67.9% |
| Tangible fixed assets | 22/27 | €18,375 | €16,465 | -€1,911 | -10.4% |
| Furniture and vehicles | 24 | €18,375 | €16,465 | -€1,911 | -10.4% |
| Financial fixed assets | 28 | €533,152 | €533,151 | -€1 | 0.0% |
| Current assets | 29/58 | €703,293 | €889,090 | +€185,797 | +26.4% |
| Amounts receivable within one year | 40/41 | €454,105 | €552,293 | +€98,187 | +21.6% |
| Trade receivables | 40 | €363,779 | €370,937 | +€7,159 | +2.0% |
| Other amounts receivable | 41 | €90,327 | €181,356 | +€91,029 | +101% |
| Current investments | 50/53 | €100,000 | €300,000 | +€200,000 | +200% |
| Cash at bank and in hand | 54/58 | €142,524 | €30,691 | -€111,833 | -78.5% |
| Deferred charges and accrued income | 490/1 | €6,664 | €6,107 | -€557 | -8.4% |
| Total equity and liabilities | 10/49 | €1,260,781 | €1,440,619 | +€179,839 | +14.3% |
| Equity | 10/15 | €876,949 | €1,087,749 | +€210,799 | +24.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €43,357 | €43,357 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €37,157 | €37,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €771,592 | €982,391 | +€210,799 | +27.3% |
| Amounts payable | 17/49 | €383,831 | €352,871 | -€30,961 | -8.1% |
| Amounts payable within one year | 42/48 | €383,831 | €352,871 | -€30,961 | -8.1% |
| Trade debts | 44 | €65,986 | €64,366 | -€1,620 | -2.5% |
| Suppliers | 440/4 | €65,986 | €64,366 | -€1,620 | -2.5% |
| Taxes, remuneration and social security | 45 | €58,250 | €26,951 | -€31,299 | -53.7% |
| Taxes | 450/3 | €58,250 | €26,951 | -€31,299 | -53.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €259,595 | €261,553 | +€1,958 | +0.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,629 | €13,244 | +€615 | +4.9% |
| Other operating charges | 640/8 | €3,772 | €11,442 | +€7,670 | +203% |
| Gross operating margin | 9900 | €309,147 | €319,497 | +€10,350 | +3.3% |
| Operating profit (loss) | 9901 | €292,746 | €294,812 | +€2,065 | +0.7% |
| Financial income | 75/76B | €113 | €3,265 | +€3,152 | +2,785% |
| Recurring financial income | 75 | €113 | €3,265 | +€3,152 | +2,785% |
| Financial charges | 65/66B | €15,826 | €18,198 | +€2,372 | +15.0% |
| Recurring financial charges | 65 | €15,826 | €18,198 | +€2,372 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €277,033 | €279,879 | +€2,845 | +1.0% |
| Income taxes | 67/77 | €69,617 | €69,080 | -€537 | -0.8% |
| Profit (loss) for the period | 9904 | €207,417 | €210,799 | +€3,383 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €207,417 | €210,799 | +€3,383 | +1.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.