BERVOETS: 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
BERVOETS
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€87,136
2023 · -€34,903-€52,233
Equity
€747,125
2023 · €834,261-€87,136
Cash
€312,713
2023 · €303,160+€9,554
Balance sheet total
€1.0m
2023 · €1.2m-€149,230
Largest movements
Assets
- Tangible fixed assets -€85,516
down €85,516 (-18.0%), from €475,466 to €389,949
- Receivables within one year -€85,447
down €85,447 (-28.5%), from €300,096 to €214,649
of which Other amounts receivable: -€46,312
- Stocks and contracts +€12,707
up €12,707 (+12.1%), from €104,719 to €117,426
Equity and liabilities
- Profit (loss) carried forward -€87,136
down €87,136 (-249.7%), from -€34,903 to -€122,039
- Debts after one year -€52,318
down €52,318 (-28.0%), from €187,006 to €134,687
- Trade debts -€17,338
down €17,338 (-18.9%), from €91,704 to €74,366
Income statement
- Gross operating margin -€37,900
down €37,900 (-13.9%), from €272,818 to €234,918
- Staff costs +€30,488
up €30,488 (+16.2%), from €188,298 to €218,786
- Financial charges -€10,580
down €10,580 (-68.9%), from €15,365 to €4,785
- Depreciation -€4,237
down €4,237 (-4.4%), from €96,458 to €92,221
From the 2023 result to the 2024 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 2023
-€34,903
Gross operating margin
-€37,900
Staff costs
-€30,488
Depreciation
+€4,237
Write-downs
-€317
Other operating charges
-€256
Financial income
+€1,795
Financial charges
+€10,580
Taxes
+€116
Result 2024
-€87,136
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€66,684
Investment
-€6,704
Financing
-€50,426
Cash 2023
€303,160
From operations (derived)
+€66,684
Net result for the year
-€87,136
Depreciation
+€92,221
Stocks and contracts
-€12,707
Receivables within one year
+€85,447
Deferred charges and accrued income
+€528
Trade debts
-€17,338
Tax, wage and social debts
+€4,108
Accrued charges and deferred income
+€1,563
Investment (derived)
-€6,704
Investment in fixed assets (net)
-€6,704
Financing
-€50,426
Debts after one year
-€52,318
Current portion of long-term debt
+€1,893
Cash 2024
€312,713
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,197,047 | €1,047,818 | -€149,230 | -12.5% |
| Fixed assets | 21/28 | €475,601 | €390,084 | -€85,516 | -18.0% |
| Tangible fixed assets | 22/27 | €475,466 | €389,949 | -€85,516 | -18.0% |
| Land and buildings | 22 | €302,020 | €269,741 | -€32,279 | -10.7% |
| Plant, machinery and equipment | 23 | €112,457 | €78,721 | -€33,735 | -30.0% |
| Furniture and vehicles | 24 | €60,989 | €41,487 | -€19,502 | -32.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €721,447 | €657,733 | -€63,713 | -8.8% |
| Stocks and contracts in progress | 3 | €104,719 | €117,426 | +€12,707 | +12.1% |
| Stocks | 30/36 | €104,719 | €117,426 | +€12,707 | +12.1% |
| Amounts receivable within one year | 40/41 | €300,096 | €214,649 | -€85,447 | -28.5% |
| Trade receivables | 40 | €243,366 | €204,232 | -€39,134 | -16.1% |
| Other amounts receivable | 41 | €56,730 | €10,417 | -€46,312 | -81.6% |
| Cash at bank and in hand | 54/58 | €303,160 | €312,713 | +€9,554 | +3.2% |
| Deferred charges and accrued income | 490/1 | €13,473 | €12,945 | -€528 | -3.9% |
| Total equity and liabilities | 10/49 | €1,197,047 | €1,047,818 | -€149,230 | -12.5% |
| Equity | 10/15 | €834,261 | €747,125 | -€87,136 | -10.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €794,164 | €794,164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €437,500 | €437,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Financial assistance | 1313 | €430,000 | €430,000 | = | 0.0% |
| Distributable reserves | 133 | €356,664 | €356,664 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,903 | -€122,039 | -€87,136 | -249.7% |
| Amounts payable | 17/49 | €362,786 | €300,693 | -€62,093 | -17.1% |
| Amounts payable after more than one year | 17 | €187,006 | €134,687 | -€52,318 | -28.0% |
| Financial debts | 170/4 | €187,006 | €134,687 | -€52,318 | -28.0% |
| Amounts payable within one year | 42/48 | €173,884 | €162,547 | -€11,338 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €50,426 | €52,318 | +€1,893 | +3.8% |
| Trade debts | 44 | €91,704 | €74,366 | -€17,338 | -18.9% |
| Suppliers | 440/4 | €91,704 | €74,366 | -€17,338 | -18.9% |
| Taxes, remuneration and social security | 45 | €31,754 | €35,862 | +€4,108 | +12.9% |
| Taxes | 450/3 | €8,174 | €10,870 | +€2,696 | +33.0% |
| Remuneration and social security | 454/9 | €23,580 | €24,992 | +€1,413 | +6.0% |
| Accrued charges and deferred income | 492/3 | €1,896 | €3,459 | +€1,563 | +82.4% |
| Remuneration, social security and pensions | 62 | €188,298 | €218,786 | +€30,488 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,458 | €92,221 | -€4,237 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €317 | +€317 | |
| Other operating charges | 640/8 | €9,770 | €10,027 | +€256 | +2.6% |
| Gross operating margin | 9900 | €272,818 | €234,918 | -€37,900 | -13.9% |
| Operating profit (loss) | 9901 | -€21,708 | -€86,432 | -€64,724 | -298.2% |
| Financial income | 75/76B | €2,363 | €4,158 | +€1,795 | +76.0% |
| Recurring financial income | 75 | €2,363 | €4,158 | +€1,795 | +76.0% |
| Financial charges | 65/66B | €15,365 | €4,785 | -€10,580 | -68.9% |
| Recurring financial charges | 65 | €15,365 | €4,785 | -€10,580 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,710 | -€87,059 | -€52,350 | -150.8% |
| Income taxes | 67/77 | €193 | €77 | -€116 | -60.2% |
| Profit (loss) for the period | 9904 | -€34,903 | -€87,136 | -€52,233 | -149.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,903 | -€87,136 | -€52,233 | -149.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.