BERVANCO: 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.
What changed
BERVANCO
NACE 93.299, Other amusement and recreation activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€69,112
2024 · -€143,686+€212,797
Equity
€9.6m
2024 · €9.5m+€69,112
Cash
€215,241
2024 · €40,678+€174,563
Balance sheet total
€19.2m
2024 · €18.0m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+27.5%), from €4.4m to €5.6m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets -€238,287
down €238,287 (-2.6%), from €9.1m to €8.8m
of which Land and buildings: -€201,145
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+32.3%), from €4.1m to €5.4m
- Debts after one year -€276,897
down €276,897 (-8.7%), from €3.2m to €2.9m
Income statement
- Gross operating margin +€313,582
up €313,582 (+137.9%), from €227,466 to €541,048
- Financial charges +€98,143
up €98,143 (+73.4%), from €133,664 to €231,807
- Depreciation +€10,531
up €10,531 (+4.6%), from €228,284 to €238,815
- Other operating charges -€8,004
down €8,004 (-86.4%), from €9,263 to €1,259
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.
Result 2024
-€143,686
Gross operating margin
+€313,582
Depreciation
-€10,531
Other operating charges
+€8,004
Financial income
-€85
Financial charges
-€98,143
Taxes
-€29
Result 2025
€69,112
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.
From operations
+€401,568
Investment
-€688
Financing
-€226,317
Cash 2024
€40,678
From operations (derived)
+€401,568
Net result for the year
+€69,112
Depreciation
+€238,815
Receivables within one year
-€1.2m
Trade debts
-€24,134
Other debts
+€1.3m
Investment (derived)
-€688
Investment in fixed assets (net)
-€688
Financing
-€226,317
Debts after one year
-€276,897
Current portion of long-term debt
+€50,580
Cash 2025
€215,241
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,038,650 | €19,177,178 | +€1.1m | +6.3% |
| Fixed assets | 21/28 | €13,622,847 | €13,384,720 | -€238,127 | -1.7% |
| Tangible fixed assets | 22/27 | €9,070,856 | €8,832,569 | -€238,287 | -2.6% |
| Land and buildings | 22 | €8,913,350 | €8,712,205 | -€201,145 | -2.3% |
| Plant, machinery and equipment | 23 | €141,295 | €107,858 | -€33,437 | -23.7% |
| Furniture and vehicles | 24 | €16,211 | €12,506 | -€3,705 | -22.9% |
| Financial fixed assets | 28 | €4,551,991 | €4,552,151 | +€160 | 0.0% |
| Current assets | 29/58 | €4,415,803 | €5,792,458 | +€1.4m | +31.2% |
| Amounts receivable within one year | 40/41 | €4,368,656 | €5,570,749 | +€1.2m | +27.5% |
| Trade receivables | 40 | €84,657 | €231,739 | +€147,082 | +173.7% |
| Other amounts receivable | 41 | €4,283,999 | €5,339,009 | +€1.1m | +24.6% |
| Cash at bank and in hand | 54/58 | €40,678 | €215,241 | +€174,563 | +429.1% |
| Deferred charges and accrued income | 490/1 | €6,468 | €6,468 | = | 0.0% |
| Total equity and liabilities | 10/49 | €18,038,650 | €19,177,178 | +€1.1m | +6.3% |
| Equity | 10/15 | €9,537,211 | €9,606,322 | +€69,112 | +0.7% |
| Contributions | 10/11 | €686,700 | €686,700 | = | 0.0% |
| Capital | 10 | €686,700 | €686,700 | = | 0.0% |
| Issued capital | 100 | €686,700 | €686,700 | = | 0.0% |
| Revaluation surpluses | 12 | €8,407,000 | €8,407,000 | = | 0.0% |
| Reserves | 13 | €787,768 | €787,768 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,670 | €68,670 | = | 0.0% |
| Legal reserve | 130 | €68,670 | €68,670 | = | 0.0% |
| Distributable reserves | 133 | €719,098 | €719,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€344,257 | -€275,146 | +€69,112 | +20.1% |
| Amounts payable | 17/49 | €8,501,439 | €9,570,856 | +€1.1m | +12.6% |
| Amounts payable after more than one year | 17 | €3,193,290 | €2,916,392 | -€276,897 | -8.7% |
| Financial debts | 170/4 | €3,193,290 | €2,916,392 | -€276,897 | -8.7% |
| Amounts payable within one year | 42/48 | €5,228,149 | €6,574,463 | +€1.3m | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €271,581 | €322,162 | +€50,580 | +18.6% |
| Financial debts | 43 | €403,897 | €403,897 | = | 0.0% |
| Credit institutions | 430/8 | €403,897 | €403,897 | = | 0.0% |
| Trade debts | 44 | €438,564 | €414,430 | -€24,134 | -5.5% |
| Suppliers | 440/4 | €438,564 | €414,430 | -€24,134 | -5.5% |
| Taxes, remuneration and social security | 45 | €25,304 | €25,304 | = | 0.0% |
| Taxes | 450/3 | €25,304 | €25,304 | = | 0.0% |
| Other amounts payable | 47/48 | €4,088,802 | €5,408,669 | +€1.3m | +32.3% |
| Accrued charges and deferred income | 492/3 | €80,000 | €80,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,284 | €238,815 | +€10,531 | +4.6% |
| Other operating charges | 640/8 | €9,263 | €1,259 | -€8,004 | -86.4% |
| Gross operating margin | 9900 | €227,466 | €541,048 | +€313,582 | +137.9% |
| Operating profit (loss) | 9901 | -€10,082 | €300,974 | +€311,055 | |
| Financial income | 75/76B | €85 | €0 | -€85 | -100.0% |
| Recurring financial income | 75 | €85 | €0 | -€85 | -100.0% |
| Financial charges | 65/66B | €133,664 | €231,807 | +€98,143 | +73.4% |
| Recurring financial charges | 65 | €133,664 | €231,807 | +€98,143 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | -€143,660 | €69,167 | +€212,827 | |
| Income taxes | 67/77 | €26 | €55 | +€29 | +115.2% |
| Profit (loss) for the period | 9904 | -€143,686 | €69,112 | +€212,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€143,686 | €69,112 | +€212,797 |
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 9 October 2026 via checked.be.