J. BERGOENS: what changed
J. BERGOENS
Largest movements
- Receivables within one year +€296,420
up €296,420 (+127%), from €233,672 to €530,092
of which Other amounts receivable: +€383,974
- Stocks and contracts -€156,182
down €156,182 (-100%), from €156,182 to €0
of which Stocks: -€137,765
- Cash -€127,861
down €127,861 (-49.8%), from €256,746 to €128,885
mainly Receivables within one year (-€296,420) and Other debts (-€146,912)
- Tangible fixed assets -€42,427
down €42,427 (-93.2%), from €45,501 to €3,074
of which Furniture and vehicles: -€23,292
- Other debts -€146,912
down €146,912 (-97.8%), from €150,268 to €3,356
- Reserves +€85,882
up €85,882 (+25.9%), from €331,449 to €417,331
of which Distributable reserves: +€85,882
- Tax, wage and social debts +€21,891
up €21,891 (+64.8%), from €33,760 to €55,651
of which Taxes: +€13,689
- Trade debts +€21,319
up €21,319 (+33.1%), from €64,443 to €85,762
- Short-term financial debts -€6,988
down €6,988 (-100%), from €6,988 to €0
- Gross operating margin -€24,019
down €24,019 (-4.6%), from €525,463 to €501,443
- Depreciation -€16,330
down €16,330 (-50.1%), from €32,609 to €16,280
- Financial charges -€12,027
down €12,027 (-79.8%), from €15,068 to €3,041
- Staff costs -€9,044
down €9,044 (-2.5%), from €364,189 to €355,146
- Taxes +€8,931
up €8,931 (+44.2%), from €20,186 to €29,117
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €693,296 | €662,100 | -€31,196 | -4.5% |
| Fixed assets | 21/28 | €46,697 | €3,123 | -€43,573 | -93.3% |
| Tangible fixed assets | 22/27 | €45,501 | €3,074 | -€42,427 | -93.2% |
| Land and buildings | 22 | €2,086 | €3,074 | +€987 | +47.3% |
| Plant, machinery and equipment | 23 | €20,123 | €0 | -€20,123 | -100% |
| Furniture and vehicles | 24 | €23,292 | €0 | -€23,292 | -100% |
| Financial fixed assets | 28 | €1,196 | €50 | -€1,146 | -95.9% |
| Current assets | 29/58 | €646,600 | €658,977 | +€12,378 | +1.9% |
| Stocks and contracts in progress | 3 | €156,182 | €0 | -€156,182 | -100% |
| Stocks | 30/36 | €137,765 | €0 | -€137,765 | -100% |
| Contracts in progress | 37 | €18,417 | €0 | -€18,417 | -100% |
| Amounts receivable within one year | 40/41 | €233,672 | €530,092 | +€296,420 | +127% |
| Trade receivables | 40 | €216,466 | €128,912 | -€87,554 | -40.4% |
| Other amounts receivable | 41 | €17,206 | €401,180 | +€383,974 | +2,232% |
| Cash at bank and in hand | 54/58 | €256,746 | €128,885 | -€127,861 | -49.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €693,296 | €662,100 | -€31,196 | -4.5% |
| Equity | 10/15 | €431,449 | €517,331 | +€85,882 | +19.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €331,449 | €417,331 | +€85,882 | +25.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €25 | €25 | = | 0.0% |
| Distributable reserves | 133 | €321,424 | €407,306 | +€85,882 | +26.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €261,848 | €144,770 | -€117,078 | -44.7% |
| Amounts payable within one year | 42/48 | €261,848 | €144,770 | -€117,078 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €6,389 | €0 | -€6,389 | -100% |
| Financial debts | 43 | €6,988 | €0 | -€6,988 | -100% |
| Credit institutions | 430/8 | €6,988 | €0 | -€6,988 | -100% |
| Trade debts | 44 | €64,443 | €85,762 | +€21,319 | +33.1% |
| Suppliers | 440/4 | €64,443 | €85,762 | +€21,319 | +33.1% |
| Taxes, remuneration and social security | 45 | €33,760 | €55,651 | +€21,891 | +64.8% |
| Taxes | 450/3 | €4,453 | €18,142 | +€13,689 | +307% |
| Remuneration and social security | 454/9 | €29,307 | €37,510 | +€8,202 | +28.0% |
| Other amounts payable | 47/48 | €150,268 | €3,356 | -€146,912 | -97.8% |
| Non-recurring operating income | 76A | €37,814 | €24,334 | -€13,480 | -35.6% |
| Remuneration, social security and pensions | 62 | €364,189 | €355,146 | -€9,044 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,609 | €16,280 | -€16,330 | -50.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,649 | €6,993 | -€656 | -8.6% |
| Non-recurring operating charges | 66A | €5,239 | €6,095 | +€856 | +16.3% |
| Gross operating margin | 9900 | €525,463 | €501,443 | -€24,019 | -4.6% |
| Operating profit (loss) | 9901 | €115,776 | €116,930 | +€1,154 | +1.0% |
| Financial income | 75/76B | €789 | €1,110 | +€322 | +40.8% |
| Recurring financial income | 75 | €789 | €1,110 | +€322 | +40.8% |
| Financial charges | 65/66B | €15,068 | €3,041 | -€12,027 | -79.8% |
| Recurring financial charges | 65 | €15,068 | €3,041 | -€12,027 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €101,496 | €114,999 | +€13,503 | +13.3% |
| Income taxes | 67/77 | €20,186 | €29,117 | +€8,931 | +44.2% |
| Profit (loss) for the period | 9904 | €81,311 | €85,882 | +€4,572 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,311 | €85,882 | +€4,572 | +5.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.