BERVAN: 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.
BERVAN
Largest movements
- Cash +€13,847
up €13,847 (+3.1%), from €441,079 to €454,926
mainly Net result for the year (+€37,543) and Stocks and contracts (+€8,698)
- Stocks and contracts -€8,698
down €8,698 (-3.6%), from €239,304 to €230,606
- Trade debts -€37,771
down €37,771 (-26.2%), from €144,163 to €106,392
- Reserves +€37,543
up €37,543 (+9.6%), from €389,252 to €426,795
of which Distributable reserves: +€37,543
- Other debts +€8,548
up €8,548 (+7.9%), from €108,498 to €117,045
- Financial charges -€1,857
down €1,857 (-18.7%), from €9,923 to €8,065
- Taxes +€1,269
up €1,269 (+9.3%), from €13,671 to €14,940
- Financial income +€1,238
up €1,238 (+50.9%), from €2,433 to €3,671
- Depreciation -€1,027
down €1,027 (-26.4%), from €3,897 to €2,870
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 | €747,906 | €755,846 | +€7,940 | +1.1% |
| Fixed assets | 21/28 | €8,125 | €5,255 | -€2,870 | -35.3% |
| Tangible fixed assets | 22/27 | €8,125 | €5,255 | -€2,870 | -35.3% |
| Plant, machinery and equipment | 23 | €8,125 | €5,255 | -€2,870 | -35.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €739,781 | €750,590 | +€10,810 | +1.5% |
| Stocks and contracts in progress | 3 | €239,304 | €230,606 | -€8,698 | -3.6% |
| Stocks | 30/36 | €239,304 | €230,606 | -€8,698 | -3.6% |
| Amounts receivable within one year | 40/41 | €57,521 | €62,468 | +€4,947 | +8.6% |
| Trade receivables | 40 | €33,317 | €33,081 | -€236 | -0.7% |
| Other amounts receivable | 41 | €24,203 | €29,386 | +€5,183 | +21.4% |
| Cash at bank and in hand | 54/58 | €441,079 | €454,926 | +€13,847 | +3.1% |
| Deferred charges and accrued income | 490/1 | €1,876 | €2,591 | +€714 | +38.1% |
| Total equity and liabilities | 10/49 | €747,906 | €755,846 | +€7,940 | +1.1% |
| Equity | 10/15 | €489,252 | €526,795 | +€37,543 | +7.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €389,252 | €426,795 | +€37,543 | +9.6% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €379,252 | €416,795 | +€37,543 | +9.9% |
| Amounts payable | 17/49 | €258,654 | €229,050 | -€29,603 | -11.4% |
| Amounts payable within one year | 42/48 | €258,654 | €229,050 | -€29,603 | -11.4% |
| Trade debts | 44 | €144,163 | €106,392 | -€37,771 | -26.2% |
| Suppliers | 440/4 | €144,163 | €106,392 | -€37,771 | -26.2% |
| Taxes, remuneration and social security | 45 | €5,993 | €5,612 | -€381 | -6.4% |
| Taxes | 450/3 | €5,993 | €5,612 | -€381 | -6.4% |
| Other amounts payable | 47/48 | €108,498 | €117,045 | +€8,548 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,897 | €2,870 | -€1,027 | -26.4% |
| Other operating charges | 640/8 | €662 | €540 | -€122 | -18.4% |
| Gross operating margin | 9900 | €59,862 | €60,287 | +€426 | +0.7% |
| Operating profit (loss) | 9901 | €55,303 | €56,878 | +€1,575 | +2.8% |
| Financial income | 75/76B | €2,433 | €3,671 | +€1,238 | +50.9% |
| Recurring financial income | 75 | €2,433 | €3,671 | +€1,238 | +50.9% |
| Financial charges | 65/66B | €9,923 | €8,065 | -€1,857 | -18.7% |
| Recurring financial charges | 65 | €9,923 | €8,065 | -€1,857 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €47,813 | €52,484 | +€4,670 | +9.8% |
| Income taxes | 67/77 | €13,671 | €14,940 | +€1,269 | +9.3% |
| Profit (loss) for the period | 9904 | €34,142 | €37,543 | +€3,401 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,142 | €37,543 | +€3,401 | +10.0% |
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.