DR BERENS ANN: 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.
DR BERENS ANN
Largest movements
- Cash +€1.1m
up €1.1m (+570%), from €192,836 to €1.3m
mainly Current investments (+€634,733) and Net result for the year (+€426,735)
- Current investments -€634,733
down €634,733 (-46.1%), from €1.4m to €741,614
- Reserves +€420,000
up €420,000 (+20.7%), from €2.0m to €2.4m
- Other debts +€39,602
new in 2025: €39,602
- Financial income +€123,176
up €123,176 (+14,469%), from €851 to €124,028
- Taxes +€26,533
up €26,533 (+21.1%), from €125,607 to €152,141
- Gross operating margin +€23,180
up €23,180 (+5.1%), from €455,868 to €479,049
- Depreciation -€13,616
down €13,616 (-41.3%), from €32,931 to €19,314
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 | €2,087,261 | €2,565,925 | +€478,663 | +22.9% |
| Fixed assets | 21/28 | €344,733 | €333,694 | -€11,039 | -3.2% |
| Tangible fixed assets | 22/27 | €343,233 | €332,194 | -€11,039 | -3.2% |
| Land and buildings | 22 | €330,484 | €313,932 | -€16,552 | -5.0% |
| Plant, machinery and equipment | 23 | €1,298 | €1,590 | +€292 | +22.5% |
| Furniture and vehicles | 24 | €10,393 | €8,998 | -€1,394 | -13.4% |
| Other tangible fixed assets | 26 | €1,058 | €7,674 | +€6,616 | +625% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,742,528 | €2,232,230 | +€489,702 | +28.1% |
| Amounts receivable within one year | 40/41 | €171,340 | €195,863 | +€24,523 | +14.3% |
| Trade receivables | 40 | €118,741 | €158,808 | +€40,067 | +33.7% |
| Other amounts receivable | 41 | €52,599 | €37,055 | -€15,544 | -29.6% |
| Current investments | 50/53 | €1,376,347 | €741,614 | -€634,733 | -46.1% |
| Cash at bank and in hand | 54/58 | €192,836 | €1,292,310 | +€1.1m | +570% |
| Deferred charges and accrued income | 490/1 | €2,005 | €2,443 | +€438 | +21.8% |
| Total equity and liabilities | 10/49 | €2,087,261 | €2,565,925 | +€478,663 | +22.9% |
| Equity | 10/15 | €2,057,587 | €2,484,323 | +€426,735 | +20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,025,924 | €2,445,924 | +€420,000 | +20.7% |
| Distributable reserves | 133 | €2,025,924 | €2,445,924 | +€420,000 | +20.7% |
| Profit (loss) carried forward | 14 | €19,263 | €25,998 | +€6,735 | +35.0% |
| Amounts payable | 17/49 | €29,674 | €81,602 | +€51,928 | +175% |
| Amounts payable within one year | 42/48 | €29,674 | €81,602 | +€51,928 | +175% |
| Trade debts | 44 | €174 | - | -€174 | |
| Suppliers | 440/4 | €174 | - | -€174 | |
| Taxes, remuneration and social security | 45 | €29,500 | €42,000 | +€12,500 | +42.4% |
| Taxes | 450/3 | €29,500 | €42,000 | +€12,500 | +42.4% |
| Other amounts payable | 47/48 | - | €39,602 | +€39,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,931 | €19,314 | -€13,616 | -41.3% |
| Other operating charges | 640/8 | €1,939 | €2,767 | +€828 | +42.7% |
| Gross operating margin | 9900 | €455,868 | €479,049 | +€23,180 | +5.1% |
| Operating profit (loss) | 9901 | €420,999 | €456,968 | +€35,969 | +8.5% |
| Financial income | 75/76B | €851 | €124,028 | +€123,176 | +14,469% |
| Recurring financial income | 75 | €851 | €124,028 | +€123,176 | +14,469% |
| Financial charges | 65/66B | €737 | €2,119 | +€1,382 | +188% |
| Recurring financial charges | 65 | €737 | €2,119 | +€1,382 | +188% |
| Profit (loss) for the period before taxes | 9903 | €421,113 | €578,876 | +€157,763 | +37.5% |
| Income taxes | 67/77 | €125,607 | €152,141 | +€26,533 | +21.1% |
| Profit (loss) for the period | 9904 | €295,506 | €426,735 | +€131,230 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €295,506 | €426,735 | +€131,230 | +44.4% |
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 29 October 2026 via checked.be.