Holding BERGHAN: 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.
Holding BERGHAN
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+125%), from €1.1m to €2.4m
- Receivables within one year +€619,619
up €619,619 (+28.3%), from €2.2m to €2.8m
of which Other amounts receivable: +€619,782
- Tangible fixed assets +€77,217
new in 2025: €77,217
- Debts after one year +€1.1m
new in 2025: €1.1m
- Other debts +€893,910
up €893,910 (+34.9%), from €2.6m to €3.5m
- Current portion of long-term debt +€122,809
up €122,809 (+248%), from €49,520 to €172,329
- Gross operating margin -€48,584
down €48,584, from €32,098 to -€16,486
- Financial charges +€32,769
up €32,769 (+2,026%), from €1,618 to €34,386
- Taxes -€28,147
down €28,147 (-95.0%), from €29,629 to €1,482
- Depreciation +€15,009
new in 2025: €15,009
- Financial income -€1,539
down €1,539 (-2.0%), from €75,182 to €73,644
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 | €3,266,581 | €5,326,597 | +€2.1m | +63.1% |
| Fixed assets | 21/28 | €1,062,874 | €2,472,091 | +€1.4m | +133% |
| Tangible fixed assets | 22/27 | - | €77,217 | +€77,217 | |
| Furniture and vehicles | 24 | - | €77,217 | +€77,217 | |
| Financial fixed assets | 28 | €1,062,874 | €2,394,874 | +€1.3m | +125% |
| Current assets | 29/58 | €2,203,707 | €2,854,506 | +€650,799 | +29.5% |
| Amounts receivable within one year | 40/41 | €2,192,540 | €2,812,159 | +€619,619 | +28.3% |
| Trade receivables | 40 | €163 | - | -€163 | |
| Other amounts receivable | 41 | €2,192,377 | €2,812,159 | +€619,782 | +28.3% |
| Cash at bank and in hand | 54/58 | €10,478 | €41,714 | +€31,235 | +298% |
| Deferred charges and accrued income | 490/1 | €689 | €634 | -€55 | -8.1% |
| Total equity and liabilities | 10/49 | €3,266,581 | €5,326,597 | +€2.1m | +63.1% |
| Equity | 10/15 | €586,133 | €590,531 | +€4,398 | +0.8% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €21,200 | €21,200 | = | 0.0% |
| Distributable reserves | 133 | €21,200 | €21,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,933 | €357,331 | +€4,398 | +1.2% |
| Amounts payable | 17/49 | €2,680,448 | €4,736,067 | +€2.1m | +76.7% |
| Amounts payable after more than one year | 17 | - | €1,075,961 | +€1.1m | |
| Financial debts | 170/4 | - | €1,075,961 | +€1.1m | |
| Amounts payable within one year | 42/48 | €2,680,448 | €3,660,106 | +€979,657 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €49,520 | €172,329 | +€122,809 | +248% |
| Trade debts | 44 | €1,522 | €2,050 | +€527 | +34.6% |
| Suppliers | 440/4 | €1,522 | €2,050 | +€527 | +34.6% |
| Taxes, remuneration and social security | 45 | €68,701 | €31,112 | -€37,589 | -54.7% |
| Taxes | 450/3 | €68,701 | €31,112 | -€37,589 | -54.7% |
| Other amounts payable | 47/48 | €2,560,705 | €3,454,615 | +€893,910 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,009 | +€15,009 | |
| Other operating charges | 640/8 | €3,406 | €1,883 | -€1,524 | -44.7% |
| Gross operating margin | 9900 | €32,098 | -€16,486 | -€48,584 | |
| Operating profit (loss) | 9901 | €28,692 | -€33,377 | -€62,069 | |
| Financial income | 75/76B | €75,182 | €73,644 | -€1,539 | -2.0% |
| Recurring financial income | 75 | €75,182 | €73,644 | -€1,539 | -2.0% |
| Financial charges | 65/66B | €1,618 | €34,386 | +€32,769 | +2,026% |
| Recurring financial charges | 65 | €1,618 | €34,386 | +€32,769 | +2,026% |
| Profit (loss) for the period before taxes | 9903 | €102,256 | €5,880 | -€96,376 | -94.2% |
| Income taxes | 67/77 | €29,629 | €1,482 | -€28,147 | -95.0% |
| Profit (loss) for the period | 9904 | €72,627 | €4,398 | -€68,229 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,627 | €4,398 | -€68,229 | -93.9% |
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 20 October 2026 via checked.be.