BERVAN: 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.
BERVAN
Largest movements
- Receivables within one year +€69,597
up €69,597 (+22.0%), from €316,847 to €386,444
of which Trade receivables: +€88,957
- Cash -€66,177
down €66,177 (-19.3%), from €342,327 to €276,149
mainly Receivables within one year (-€69,597) and Contributions, distributions and other (-€68,122)
- Current investments +€50,418
up €50,418 (+16903.5%), from €298 to €50,716
- Tangible fixed assets -€43,210
down €43,210 (-24.5%), from €176,247 to €133,036
of which Land and buildings: -€25,040
- Stocks and contracts +€35,805
up €35,805 (+72.7%), from €49,245 to €85,050
- Trade debts +€38,257
up €38,257 (+29.3%), from €130,494 to €168,752
- Advances received +€24,072
new in 2025: €24,072
- Debts after one year +€20,901
up €20,901 (+8.9%), from €234,338 to €255,239
of which Financial debts: +€12,653
- Reserves -€19,450
down €19,450 (-5.9%), from €329,093 to €309,643
- Gross operating margin +€35,306
up €35,306 (+4.5%), from €792,294 to €827,600
- Staff costs +€31,677
up €31,677 (+4.7%), from €670,258 to €701,935
- Write-downs +€14,447
up €14,447, from -€14,447 to €0
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 | €892,983 | €964,322 | +€71,339 | +8.0% |
| Fixed assets | 21/28 | €177,757 | €134,546 | -€43,210 | -24.3% |
| Tangible fixed assets | 22/27 | €176,247 | €133,036 | -€43,210 | -24.5% |
| Land and buildings | 22 | €105,010 | €79,970 | -€25,040 | -23.8% |
| Plant, machinery and equipment | 23 | €51,245 | €40,054 | -€11,191 | -21.8% |
| Furniture and vehicles | 24 | €2,479 | €6,728 | +€4,249 | +171.4% |
| Leasing and similar rights | 25 | €17,513 | €6,285 | -€11,228 | -64.1% |
| Financial fixed assets | 28 | €1,510 | €1,510 | = | 0.0% |
| Current assets | 29/58 | €715,226 | €829,775 | +€114,549 | +16.0% |
| Stocks and contracts in progress | 3 | €49,245 | €85,050 | +€35,805 | +72.7% |
| Stocks | 30/36 | €49,245 | €85,050 | +€35,805 | +72.7% |
| Amounts receivable within one year | 40/41 | €316,847 | €386,444 | +€69,597 | +22.0% |
| Trade receivables | 40 | €288,736 | €377,693 | +€88,957 | +30.8% |
| Other amounts receivable | 41 | €28,111 | €8,751 | -€19,360 | -68.9% |
| Current investments | 50/53 | €298 | €50,716 | +€50,418 | +16903.5% |
| Cash at bank and in hand | 54/58 | €342,327 | €276,149 | -€66,177 | -19.3% |
| Deferred charges and accrued income | 490/1 | €6,509 | €31,416 | +€24,907 | +382.7% |
| Total equity and liabilities | 10/49 | €892,983 | €964,322 | +€71,339 | +8.0% |
| Equity | 10/15 | €354,093 | €334,643 | -€19,450 | -5.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €329,093 | €309,643 | -€19,450 | -5.9% |
| Distributable reserves | 133 | €329,093 | €309,643 | -€19,450 | -5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €538,889 | €629,679 | +€90,790 | +16.8% |
| Amounts payable after more than one year | 17 | €234,338 | €255,239 | +€20,901 | +8.9% |
| Financial debts | 170/4 | €6,241 | €18,894 | +€12,653 | +202.7% |
| Other amounts payable | 178/9 | €228,097 | €236,345 | +€8,248 | +3.6% |
| Amounts payable within one year | 42/48 | €304,551 | €374,440 | +€69,889 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €11,410 | €14,895 | +€3,485 | +30.5% |
| Trade debts | 44 | €130,494 | €168,752 | +€38,257 | +29.3% |
| Suppliers | 440/4 | €130,494 | €168,752 | +€38,257 | +29.3% |
| Advances received on contracts in progress | 46 | - | €24,072 | +€24,072 | |
| Taxes, remuneration and social security | 45 | €102,646 | €98,599 | -€4,047 | -3.9% |
| Taxes | 450/3 | €21,344 | €20,022 | -€1,322 | -6.2% |
| Remuneration and social security | 454/9 | €81,303 | €78,577 | -€2,725 | -3.4% |
| Other amounts payable | 47/48 | €60,000 | €68,122 | +€8,122 | +13.5% |
| Remuneration, social security and pensions | 62 | €670,258 | €701,935 | +€31,677 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,055 | €51,067 | +€5,012 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,447 | €0 | +€14,447 | |
| Other operating charges | 640/8 | €6,705 | €7,271 | +€567 | +8.5% |
| Gross operating margin | 9900 | €792,294 | €827,600 | +€35,306 | +4.5% |
| Operating profit (loss) | 9901 | €83,724 | €67,326 | -€16,398 | -19.6% |
| Financial income | 75/76B | €9,280 | €2,706 | -€6,574 | -70.8% |
| Recurring financial income | 75 | €9,280 | €2,706 | -€6,574 | -70.8% |
| Financial charges | 65/66B | €15,211 | €15,488 | +€277 | +1.8% |
| Recurring financial charges | 65 | €15,211 | €15,488 | +€277 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €77,793 | €54,545 | -€23,248 | -29.9% |
| Income taxes | 67/77 | €6,712 | €5,873 | -€839 | -12.5% |
| Profit (loss) for the period | 9904 | €71,081 | €48,672 | -€22,409 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,081 | €48,672 | -€22,409 | -31.5% |
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 3 October 2026 via checked.be.