DE BERGHOEVE: 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.
DE BERGHOEVE
Largest movements
- Current investments +€24,973
up €24,973 (+26.3%), from €95,092 to €120,065
- Tangible fixed assets -€10,938
down €10,938 (-14.1%), from €77,754 to €66,816
of which Land and buildings: -€10,338
- Cash -€3,748
down €3,748 (-27.9%), from €13,417 to €9,669
mainly Debts after one year (-€35,138) and Current investments (-€24,973)
- Receivables within one year +€3,529
up €3,529 (+237%), from €1,491 to €5,020
of which Other amounts receivable: +€4,408
- Reserves +€53,732
up €53,732 (+48.7%), from €110,288 to €164,020
- Debts after one year -€35,138
down €35,138 (-100%), from €35,138 to €0
- Current portion of long-term debt -€9,070
down €9,070 (-100%), from €9,070 to €0
- Other debts +€2,928
up €2,928 (+92.1%), from €3,180 to €6,109
- Gross operating margin +€31,661
up €31,661 (+36.0%), from €87,877 to €119,538
- Taxes +€8,415
up €8,415 (+67.2%), from €12,516 to €20,931
- Staff costs +€1,960
up €1,960 (+6.4%), from €30,833 to €32,792
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 | €190,169 | €203,798 | +€13,629 | +7.2% |
| Fixed assets | 21/28 | €78,250 | €67,312 | -€10,938 | -14.0% |
| Tangible fixed assets | 22/27 | €77,754 | €66,816 | -€10,938 | -14.1% |
| Land and buildings | 22 | €74,885 | €64,547 | -€10,338 | -13.8% |
| Furniture and vehicles | 24 | €2,870 | €2,269 | -€600 | -20.9% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €111,919 | €136,486 | +€24,567 | +22.0% |
| Stocks and contracts in progress | 3 | €1,918 | €1,731 | -€187 | -9.8% |
| Stocks | 30/36 | €1,918 | €1,731 | -€187 | -9.8% |
| Amounts receivable within one year | 40/41 | €1,491 | €5,020 | +€3,529 | +237% |
| Trade receivables | 40 | €1,491 | €613 | -€879 | -58.9% |
| Other amounts receivable | 41 | - | €4,408 | +€4,408 | |
| Current investments | 50/53 | €95,092 | €120,065 | +€24,973 | +26.3% |
| Cash at bank and in hand | 54/58 | €13,417 | €9,669 | -€3,748 | -27.9% |
| Total equity and liabilities | 10/49 | €190,169 | €203,798 | +€13,629 | +7.2% |
| Equity | 10/15 | €118,559 | €172,290 | +€53,732 | +45.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €110,288 | €164,020 | +€53,732 | +48.7% |
| Distributable reserves | 133 | €110,288 | €164,020 | +€53,732 | +48.7% |
| Profit (loss) carried forward | 14 | €2,073 | €2,073 | = | 0.0% |
| Amounts payable | 17/49 | €71,610 | €31,507 | -€40,103 | -56.0% |
| Amounts payable after more than one year | 17 | €35,138 | €0 | -€35,138 | -100% |
| Financial debts | 170/4 | €35,138 | €0 | -€35,138 | -100% |
| Amounts payable within one year | 42/48 | €36,472 | €31,507 | -€4,965 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €9,070 | €0 | -€9,070 | -100% |
| Trade debts | 44 | €8,546 | €8,783 | +€237 | +2.8% |
| Suppliers | 440/4 | €8,546 | €8,783 | +€237 | +2.8% |
| Taxes, remuneration and social security | 45 | €15,676 | €16,616 | +€940 | +6.0% |
| Taxes | 450/3 | €6,802 | €12,387 | +€5,585 | +82.1% |
| Remuneration and social security | 454/9 | €8,874 | €4,228 | -€4,645 | -52.3% |
| Other amounts payable | 47/48 | €3,180 | €6,109 | +€2,928 | +92.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €30,833 | €32,792 | +€1,960 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,470 | €10,938 | +€468 | +4.5% |
| Other operating charges | 640/8 | €1,686 | €1,732 | +€45 | +2.7% |
| Gross operating margin | 9900 | €87,877 | €119,538 | +€31,661 | +36.0% |
| Operating profit (loss) | 9901 | €44,888 | €74,077 | +€29,189 | +65.0% |
| Financial income | 75/76B | €1,134 | €1,138 | +€4 | +0.3% |
| Recurring financial income | 75 | €1,134 | €1,138 | +€4 | +0.3% |
| Financial charges | 65/66B | €1,494 | €552 | -€941 | -63.0% |
| Recurring financial charges | 65 | €1,494 | €552 | -€941 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €44,528 | €74,662 | +€30,134 | +67.7% |
| Income taxes | 67/77 | €12,516 | €20,931 | +€8,415 | +67.2% |
| Profit (loss) for the period | 9904 | €32,013 | €53,732 | +€21,719 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,013 | €53,732 | +€21,719 | +67.8% |
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 27 October 2026 via checked.be.