ETS BERODE - Hannut: 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.
ETS BERODE - Hannut
Largest movements
- Receivables within one year +€116,690
up €116,690 (+130%), from €90,061 to €206,751
of which Trade receivables: +€108,463
- Tangible fixed assets -€29,098
down €29,098 (-17.3%), from €168,152 to €139,054
of which Land and buildings: -€27,598
- Stocks and contracts -€28,075
down €28,075 (-8.8%), from €318,597 to €290,522
- Deferred charges and accrued income -€28,000
no longer reported in 2025 (was €28,000)
- Trade debts +€101,834
up €101,834 (+23.0%), from €443,717 to €545,551
- Profit (loss) carried forward -€53,680
down €53,680 (-20.1%), from -€266,715 to -€320,395
- Debts after one year -€20,570
down €20,570 (-22.5%), from €91,426 to €70,856
- Gross operating margin -€29,478
down €29,478, from €19,550 to -€9,928
- Staff costs -€5,040
down €5,040 (-92.4%), from €5,454 to €414
- Financial charges +€1,660
up €1,660 (+15.4%), from €10,770 to €12,430
- Other operating charges -€210
down €210 (-10.4%), from €2,020 to €1,810
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 | €641,157 | €671,197 | +€30,040 | +4.7% |
| Fixed assets | 21/28 | €168,276 | €139,178 | -€29,098 | -17.3% |
| Tangible fixed assets | 22/27 | €168,152 | €139,054 | -€29,098 | -17.3% |
| Land and buildings | 22 | €165,596 | €137,998 | -€27,598 | -16.7% |
| Plant, machinery and equipment | 23 | €2,556 | €1,056 | -€1,500 | -58.7% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €472,881 | €532,019 | +€59,138 | +12.5% |
| Stocks and contracts in progress | 3 | €318,597 | €290,522 | -€28,075 | -8.8% |
| Stocks | 30/36 | €318,597 | €290,522 | -€28,075 | -8.8% |
| Amounts receivable within one year | 40/41 | €90,061 | €206,751 | +€116,690 | +130% |
| Trade receivables | 40 | €69,207 | €177,670 | +€108,463 | +157% |
| Other amounts receivable | 41 | €20,854 | €29,081 | +€8,227 | +39.5% |
| Cash at bank and in hand | 54/58 | €36,223 | €34,746 | -€1,477 | -4.1% |
| Deferred charges and accrued income | 490/1 | €28,000 | - | -€28,000 | |
| Total equity and liabilities | 10/49 | €641,157 | €671,197 | +€30,040 | +4.7% |
| Equity | 10/15 | -€163,755 | -€217,435 | -€53,680 | -32.8% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €9,360 | €9,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,360 | €9,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,360 | €9,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,715 | -€320,395 | -€53,680 | -20.1% |
| Amounts payable | 17/49 | €804,912 | €888,632 | +€83,720 | +10.4% |
| Amounts payable after more than one year | 17 | €91,426 | €70,856 | -€20,570 | -22.5% |
| Financial debts | 170/4 | €91,426 | €70,856 | -€20,570 | -22.5% |
| Amounts payable within one year | 42/48 | €713,486 | €816,121 | +€102,635 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €19,769 | €20,570 | +€801 | +4.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €443,717 | €545,551 | +€101,834 | +23.0% |
| Suppliers | 440/4 | €443,717 | €545,551 | +€101,834 | +23.0% |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,655 | +€1,655 | |
| Remuneration, social security and pensions | 62 | €5,454 | €414 | -€5,040 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,910 | €29,098 | +€188 | +0.7% |
| Other operating charges | 640/8 | €2,020 | €1,810 | -€210 | -10.4% |
| Gross operating margin | 9900 | €19,550 | -€9,928 | -€29,478 | |
| Operating profit (loss) | 9901 | -€16,834 | -€41,250 | -€24,416 | -145% |
| Financial charges | 65/66B | €10,770 | €12,430 | +€1,660 | +15.4% |
| Recurring financial charges | 65 | €10,770 | €12,430 | +€1,660 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,604 | -€53,680 | -€26,076 | -94.5% |
| Profit (loss) for the period | 9904 | -€27,604 | -€53,680 | -€26,076 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,604 | -€53,680 | -€26,076 | -94.5% |
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 21 October 2026 via checked.be.