J.M. BERGMANS: 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.
J.M. BERGMANS
Largest movements
- Tangible fixed assets -€30,743
down €30,743 (-4.3%), from €710,305 to €679,562
of which Land and buildings: -€19,257
- Cash +€10,614
up €10,614 (+17.9%), from €59,141 to €69,754
mainly Depreciation (+€30,743) and Trade debts (+€513)
- Reserves -€10,176
down €10,176 (-4.1%), from €247,453 to €237,277
of which Tax-exempt reserves: -€10,176
- Financial charges -€419
down €419 (-15.8%), from €2,644 to €2,225
- Gross operating margin -€259
down €259 (-1.2%), from €21,053 to €20,794
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 | €775,248 | €755,780 | -€19,468 | -2.5% |
| Fixed assets | 21/28 | €710,553 | €679,810 | -€30,743 | -4.3% |
| Tangible fixed assets | 22/27 | €710,305 | €679,562 | -€30,743 | -4.3% |
| Land and buildings | 22 | €563,746 | €544,489 | -€19,257 | -3.4% |
| Furniture and vehicles | 24 | €424 | €151 | -€272 | -64.2% |
| Other tangible fixed assets | 26 | €146,135 | €134,922 | -€11,213 | -7.7% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €64,696 | €75,970 | +€11,274 | +17.4% |
| Amounts receivable within one year | 40/41 | €4,499 | €5,186 | +€687 | +15.3% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €4,499 | €5,186 | +€687 | +15.3% |
| Cash at bank and in hand | 54/58 | €59,141 | €69,754 | +€10,614 | +17.9% |
| Deferred charges and accrued income | 490/1 | €1,056 | €1,030 | -€27 | -2.5% |
| Total equity and liabilities | 10/49 | €775,248 | €755,780 | -€19,468 | -2.5% |
| Equity | 10/15 | €671,774 | €656,154 | -€15,621 | -2.3% |
| Contributions | 10/11 | €470,451 | €470,451 | = | 0.0% |
| Reserves | 13 | €247,453 | €237,277 | -€10,176 | -4.1% |
| Tax-exempt reserves | 132 | €247,453 | €237,276 | -€10,176 | -4.1% |
| Distributable reserves | 133 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,130 | -€51,574 | -€5,444 | -11.8% |
| Provisions and deferred taxes | 16 | €99,029 | €94,785 | -€4,244 | -4.3% |
| Deferred taxes | 168 | €99,029 | €94,785 | -€4,244 | -4.3% |
| Amounts payable | 17/49 | €4,445 | €4,841 | +€396 | +8.9% |
| Amounts payable after more than one year | 17 | €3,030 | €3,030 | = | 0.0% |
| Other amounts payable | 178/9 | €3,030 | €3,030 | = | 0.0% |
| Amounts payable within one year | 42/48 | €515 | €951 | +€436 | +84.6% |
| Financial debts | 43 | €0 | €8 | +€8 | |
| Credit institutions | 430/8 | €0 | €8 | +€8 | |
| Trade debts | 44 | €187 | €701 | +€513 | +274% |
| Suppliers | 440/4 | €187 | €701 | +€513 | +274% |
| Advances received on contracts in progress | 46 | €62 | €0 | -€62 | -100% |
| Taxes, remuneration and social security | 45 | €266 | €243 | -€23 | -8.6% |
| Taxes | 450/3 | €266 | €243 | -€23 | -8.6% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €900 | €860 | -€40 | -4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,758 | €30,743 | -€16 | -0.1% |
| Other operating charges | 640/8 | €7,541 | €7,711 | +€169 | +2.2% |
| Gross operating margin | 9900 | €21,053 | €20,794 | -€259 | -1.2% |
| Operating profit (loss) | 9901 | -€17,246 | -€17,659 | -€412 | -2.4% |
| Financial income | 75/76B | €178 | €262 | +€85 | +47.5% |
| Recurring financial income | 75 | €178 | €262 | +€85 | +47.5% |
| Financial charges | 65/66B | €2,644 | €2,225 | -€419 | -15.8% |
| Recurring financial charges | 65 | €2,644 | €2,225 | -€419 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,712 | -€19,621 | +€91 | +0.5% |
| Transfer from deferred taxes | 780 | €4,244 | €4,244 | = | 0.0% |
| Income taxes | 67/77 | €266 | €243 | -€23 | -8.6% |
| Profit (loss) for the period | 9904 | -€15,734 | -€15,621 | +€114 | +0.7% |
| Transfer from tax-exempt reserves | 789 | €10,176 | €10,176 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,558 | -€5,444 | +€114 | +2.0% |
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 26 October 2026 via checked.be.