BERVAND: 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.
BERVAND
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+33329.5%), from €5,175 to €1.7m
- Current investments -€120,000
down €120,000 (-98.5%), from €121,810 to €1,810
- Receivables within one year -€107,850
down €107,850 (-68.5%), from €157,495 to €49,645
of which Trade receivables: -€98,545
- Cash +€70,599
up €70,599 (+153.9%), from €45,883 to €116,483
mainly Contributions, distributions and other (+€1.5m) and Other debts (+€230,027)
- Receivables after one year -€65,000
no longer reported in 2025 (was €65,000)
- Contributions +€1.5m
up €1.5m (+8111.5%), from €18,592 to €1.5m
- Debts after one year -€331,891
down €331,891 (-39.3%), from €844,387 to €512,496
- Other debts +€230,027
up €230,027 (+393.1%), from €58,510 to €288,537
- Revaluation surpluses +€96,700
new in 2025: €96,700
- Reserves -€42,248
down €42,248 (-6.0%), from €699,036 to €656,789
of which Distributable reserves: -€29,000
- Other operating charges -€29,551
down €29,551 (-79.0%), from €37,399 to €7,848
- Gross operating margin +€20,945
up €20,945 (+10.3%), from €204,182 to €225,127
- Taxes +€19,644
up €19,644 (+111.2%), from €17,669 to €37,312
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 | €2,101,143 | €3,521,683 | +€1.4m | +67.6% |
| Fixed assets | 21/28 | €1,686,698 | €3,353,745 | +€1.7m | +98.8% |
| Tangible fixed assets | 22/27 | €1,681,523 | €1,623,770 | -€57,753 | -3.4% |
| Land and buildings | 22 | €927,607 | €895,715 | -€31,892 | -3.4% |
| Plant, machinery and equipment | 23 | €33,261 | €23,727 | -€9,534 | -28.7% |
| Furniture and vehicles | 24 | €53,779 | €35,982 | -€17,797 | -33.1% |
| Other tangible fixed assets | 26 | €666,876 | €668,346 | +€1,471 | +0.2% |
| Financial fixed assets | 28 | €5,175 | €1,729,975 | +€1.7m | +33329.5% |
| Current assets | 29/58 | €414,445 | €167,938 | -€246,506 | -59.5% |
| Amounts receivable after more than one year | 29 | €65,000 | - | -€65,000 | |
| Other amounts receivable | 291 | €65,000 | - | -€65,000 | |
| Amounts receivable within one year | 40/41 | €157,495 | €49,645 | -€107,850 | -68.5% |
| Trade receivables | 40 | €148,190 | €49,645 | -€98,545 | -66.5% |
| Other amounts receivable | 41 | €9,305 | - | -€9,305 | |
| Current investments | 50/53 | €121,810 | €1,810 | -€120,000 | -98.5% |
| Cash at bank and in hand | 54/58 | €45,883 | €116,483 | +€70,599 | +153.9% |
| Deferred charges and accrued income | 490/1 | €24,256 | - | -€24,256 | |
| Total equity and liabilities | 10/49 | €2,101,143 | €3,521,683 | +€1.4m | +67.6% |
| Equity | 10/15 | €898,914 | €2,461,585 | +€1.6m | +173.8% |
| Contributions | 10/11 | €18,592 | €1,526,692 | +€1.5m | +8111.5% |
| Revaluation surpluses | 12 | - | €96,700 | +€96,700 | |
| Reserves | 13 | €699,036 | €656,789 | -€42,248 | -6.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €215,733 | €202,485 | -€13,248 | -6.1% |
| Distributable reserves | 133 | €481,444 | €452,444 | -€29,000 | -6.0% |
| Profit (loss) carried forward | 14 | €181,286 | €181,404 | +€118 | +0.1% |
| Provisions and deferred taxes | 16 | €77,565 | €72,715 | -€4,850 | -6.3% |
| Deferred taxes | 168 | €77,565 | €72,715 | -€4,850 | -6.3% |
| Amounts payable | 17/49 | €1,124,664 | €987,383 | -€137,280 | -12.2% |
| Amounts payable after more than one year | 17 | €844,387 | €512,496 | -€331,891 | -39.3% |
| Financial debts | 170/4 | €844,387 | €512,496 | -€331,891 | -39.3% |
| Amounts payable within one year | 42/48 | €263,018 | €467,017 | +€203,998 | +77.6% |
| Current portion of amounts payable after more than one year | 42 | €144,040 | €115,317 | -€28,723 | -19.9% |
| Financial debts | 43 | €33,571 | - | -€33,571 | |
| Credit institutions | 430/8 | €33,571 | - | -€33,571 | |
| Trade debts | 44 | €4,350 | €4,004 | -€346 | -8.0% |
| Suppliers | 440/4 | €4,350 | €4,004 | -€346 | -8.0% |
| Taxes, remuneration and social security | 45 | €22,549 | €59,160 | +€36,611 | +162.4% |
| Taxes | 450/3 | €22,549 | €59,160 | +€36,611 | +162.4% |
| Other amounts payable | 47/48 | €58,510 | €288,537 | +€230,027 | +393.1% |
| Accrued charges and deferred income | 492/3 | €17,258 | €7,870 | -€9,388 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,349 | €95,349 | = | 0.0% |
| Other operating charges | 640/8 | €37,399 | €7,848 | -€29,551 | -79.0% |
| Gross operating margin | 9900 | €204,182 | €225,127 | +€20,945 | +10.3% |
| Operating profit (loss) | 9901 | €71,434 | €121,930 | +€50,496 | +70.7% |
| Financial income | 75/76B | €1,000 | €879 | -€121 | -12.1% |
| Recurring financial income | 75 | €1,000 | €879 | -€121 | -12.1% |
| Financial charges | 65/66B | €32,713 | €32,475 | -€238 | -0.7% |
| Recurring financial charges | 65 | €32,713 | €32,475 | -€238 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €39,721 | €90,333 | +€50,613 | +127.4% |
| Transfer from deferred taxes | 780 | €4,850 | €4,850 | = | 0.0% |
| Income taxes | 67/77 | €17,669 | €37,312 | +€19,644 | +111.2% |
| Profit (loss) for the period | 9904 | €26,902 | €57,871 | +€30,969 | +115.1% |
| Transfer from tax-exempt reserves | 789 | €13,248 | €13,248 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,149 | €71,118 | +€30,969 | +77.1% |
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 7 October 2026 via checked.be.