BERX: 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.
BERX
Largest movements
- Current investments +€12,000
up €12,000 (+35.3%), from €34,000 to €46,000
- Tangible fixed assets -€11,214
down €11,214 (-23.6%), from €47,569 to €36,355
of which Furniture and vehicles: -€7,308
- Receivables within one year +€6,686
up €6,686 (+88.6%), from €7,548 to €14,235
- Cash -€4,264
down €4,264 (-7.6%), from €56,090 to €51,826
mainly Current investments (-€12,000) and Current portion of long-term debt (-€9,046)
- Reserves +€15,634
up €15,634 (+13.9%), from €112,136 to €127,770
- Current portion of long-term debt -€9,046
no longer reported in 2025 (was €9,046)
- Trade debts -€4,219
down €4,219 (-51.1%), from €8,249 to €4,030
- Depreciation -€11,097
down €11,097 (-42.6%), from €26,064 to €14,967
- Taxes +€2,165
up €2,165 (+37.9%), from €5,712 to €7,877
- Gross operating margin -€1,750
down €1,750 (-4.1%), from €42,430 to €40,680
- Other operating charges -€446
down €446 (-20.2%), from €2,204 to €1,758
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 | €148,432 | €150,800 | +€2,368 | +1.6% |
| Fixed assets | 21/28 | €47,569 | €36,355 | -€11,214 | -23.6% |
| Tangible fixed assets | 22/27 | €47,569 | €36,355 | -€11,214 | -23.6% |
| Land and buildings | 22 | €29,138 | €26,828 | -€2,310 | -7.9% |
| Plant, machinery and equipment | 23 | €5,938 | €4,342 | -€1,596 | -26.9% |
| Furniture and vehicles | 24 | €10,184 | €2,876 | -€7,308 | -71.8% |
| Other tangible fixed assets | 26 | €2,308 | €2,308 | = | 0.0% |
| Current assets | 29/58 | €100,863 | €114,445 | +€13,582 | +13.5% |
| Amounts receivable within one year | 40/41 | €7,548 | €14,235 | +€6,686 | +88.6% |
| Other amounts receivable | 41 | €7,548 | €14,235 | +€6,686 | +88.6% |
| Current investments | 50/53 | €34,000 | €46,000 | +€12,000 | +35.3% |
| Cash at bank and in hand | 54/58 | €56,090 | €51,826 | -€4,264 | -7.6% |
| Deferred charges and accrued income | 490/1 | €3,224 | €2,384 | -€840 | -26.1% |
| Total equity and liabilities | 10/49 | €148,432 | €150,800 | +€2,368 | +1.6% |
| Equity | 10/15 | €131,136 | €146,770 | +€15,634 | +11.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €112,136 | €127,770 | +€15,634 | +13.9% |
| Distributable reserves | 133 | €112,136 | €127,770 | +€15,634 | +13.9% |
| Amounts payable | 17/49 | €17,295 | €4,030 | -€13,266 | -76.7% |
| Amounts payable within one year | 42/48 | €17,295 | €4,030 | -€13,266 | -76.7% |
| Current portion of amounts payable after more than one year | 42 | €9,046 | - | -€9,046 | |
| Trade debts | 44 | €8,249 | €4,030 | -€4,219 | -51.1% |
| Suppliers | 440/4 | €8,249 | €4,030 | -€4,219 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,064 | €14,967 | -€11,097 | -42.6% |
| Other operating charges | 640/8 | €2,204 | €1,758 | -€446 | -20.2% |
| Gross operating margin | 9900 | €42,430 | €40,680 | -€1,750 | -4.1% |
| Operating profit (loss) | 9901 | €14,161 | €23,955 | +€9,794 | +69.2% |
| Financial income | 75/76B | €905 | €561 | -€344 | -38.0% |
| Recurring financial income | 75 | €905 | €561 | -€344 | -38.0% |
| Financial charges | 65/66B | €913 | €1,005 | +€92 | +10.1% |
| Recurring financial charges | 65 | €913 | €1,005 | +€92 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €14,154 | €23,511 | +€9,357 | +66.1% |
| Income taxes | 67/77 | €5,712 | €7,877 | +€2,165 | +37.9% |
| Profit (loss) for the period | 9904 | €8,442 | €15,634 | +€7,192 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,442 | €15,634 | +€7,192 | +85.2% |
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 5 October 2026 via checked.be.