Berwilo: 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.
Berwilo
Largest movements
- Receivables within one year -€128,546
down €128,546 (-72.1%), from €178,202 to €49,655
of which Other amounts receivable: -€131,079
- Tangible fixed assets -€72,943
down €72,943 (-5.5%), from €1.3m to €1.3m
of which Land and buildings: -€56,651
- Cash +€50,945
up €50,945 (+140%), from €36,489 to €87,433
mainly Other debts (+€223,207) and Receivables within one year (+€128,546)
- Deferred charges and accrued income -€30,794
down €30,794 (-89.0%), from €34,582 to €3,788
- Reserves -€321,533
no longer reported in 2025 (was €321,533)
- Other debts +€223,207
up €223,207 (+195%), from €114,424 to €337,630
- Debts after one year -€60,968
down €60,968 (-5.8%), from €1.1m to €991,461
- Trade debts -€17,011
down €17,011 (-84.4%), from €20,149 to €3,138
- Gross operating margin +€7,474
up €7,474 (+4.5%), from €167,288 to €174,762
- Taxes +€2,380
up €2,380 (+18.8%), from €12,653 to €15,033
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 | €1,578,063 | €1,396,724 | -€181,339 | -11.5% |
| Fixed assets | 21/28 | €1,328,791 | €1,255,848 | -€72,943 | -5.5% |
| Tangible fixed assets | 22/27 | €1,328,791 | €1,255,848 | -€72,943 | -5.5% |
| Land and buildings | 22 | €1,261,359 | €1,204,708 | -€56,651 | -4.5% |
| Plant, machinery and equipment | 23 | €17,459 | €14,939 | -€2,520 | -14.4% |
| Furniture and vehicles | 24 | €49,973 | €36,201 | -€13,772 | -27.6% |
| Current assets | 29/58 | €249,272 | €140,876 | -€108,396 | -43.5% |
| Amounts receivable within one year | 40/41 | €178,202 | €49,655 | -€128,546 | -72.1% |
| Trade receivables | 40 | €32,156 | €34,688 | +€2,533 | +7.9% |
| Other amounts receivable | 41 | €146,046 | €14,967 | -€131,079 | -89.8% |
| Cash at bank and in hand | 54/58 | €36,489 | €87,433 | +€50,945 | +140% |
| Deferred charges and accrued income | 490/1 | €34,582 | €3,788 | -€30,794 | -89.0% |
| Total equity and liabilities | 10/49 | €1,578,063 | €1,396,724 | -€181,339 | -11.5% |
| Equity | 10/15 | €323,533 | €2,000 | -€321,533 | -99.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €321,533 | - | -€321,533 | |
| Distributable reserves | 133 | €321,533 | - | -€321,533 | |
| Amounts payable | 17/49 | €1,254,530 | €1,394,724 | +€140,194 | +11.2% |
| Amounts payable after more than one year | 17 | €1,052,428 | €991,461 | -€60,968 | -5.8% |
| Financial debts | 170/4 | €1,052,428 | €991,461 | -€60,968 | -5.8% |
| Amounts payable within one year | 42/48 | €202,030 | €403,263 | +€201,233 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €59,257 | €60,968 | +€1,711 | +2.9% |
| Trade debts | 44 | €20,149 | €3,138 | -€17,011 | -84.4% |
| Suppliers | 440/4 | €20,149 | €3,138 | -€17,011 | -84.4% |
| Advances received on contracts in progress | 46 | - | €1,477 | +€1,477 | |
| Taxes, remuneration and social security | 45 | €8,200 | €50 | -€8,150 | -99.4% |
| Taxes | 450/3 | €8,200 | €50 | -€8,150 | -99.4% |
| Other amounts payable | 47/48 | €114,424 | €337,630 | +€223,207 | +195% |
| Accrued charges and deferred income | 492/3 | €71 | - | -€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,229 | €74,382 | -€847 | -1.1% |
| Other operating charges | 640/8 | €6,030 | €6,504 | +€474 | +7.9% |
| Gross operating margin | 9900 | €167,288 | €174,762 | +€7,474 | +4.5% |
| Operating profit (loss) | 9901 | €86,029 | €93,876 | +€7,847 | +9.1% |
| Financial income | 75/76B | €562 | €425 | -€137 | -24.4% |
| Recurring financial income | 75 | €562 | €425 | -€137 | -24.4% |
| Financial charges | 65/66B | €30,365 | €28,684 | -€1,680 | -5.5% |
| Recurring financial charges | 65 | €30,365 | €28,684 | -€1,680 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €56,226 | €65,617 | +€9,391 | +16.7% |
| Income taxes | 67/77 | €12,653 | €15,033 | +€2,380 | +18.8% |
| Profit (loss) for the period | 9904 | €43,573 | €50,584 | +€7,011 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,573 | €50,584 | +€7,011 | +16.1% |
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 28 October 2026 via checked.be.