JACK BERBEN: 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.
JACK BERBEN
Largest movements
- Current investments -€161,000
no longer reported in 2025 (was €161,000)
- Cash +€144,206
up €144,206 (+551%), from €26,151 to €170,357
mainly Current investments (+€161,000) and Deferred charges and accrued income (+€34,868)
- Deferred charges and accrued income -€34,868
down €34,868 (-91.8%), from €37,974 to €3,106
- Receivables within one year +€19,166
up €19,166 (+448%), from €4,277 to €23,443
of which Trade receivables: +€18,422
- Receivables after one year +€15,750
new in 2025: €15,750
- Debts after one year -€30,220
no longer reported in 2025 (was €30,220)
- Provisions -€28,780
down €28,780 (-44.2%), from €65,179 to €36,399
- Tax, wage and social debts +€23,983
up €23,983 (+108%), from €22,156 to €46,139
- Reserves +€18,077
up €18,077 (+7.0%), from €257,729 to €275,806
of which Distributable reserves: +€68,016
- Gross operating margin -€181,409
down €181,409 (-84.9%), from €213,764 to €32,355
- Other operating charges -€25,563
down €25,563 (-88.8%), from €28,771 to €3,209
- Taxes +€19,566
up €19,566 (+272%), from €7,194 to €26,760
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 | €431,206 | €409,056 | -€22,150 | -5.1% |
| Fixed assets | 21/28 | €201,804 | €196,400 | -€5,403 | -2.7% |
| Tangible fixed assets | 22/27 | €201,804 | €196,400 | -€5,403 | -2.7% |
| Land and buildings | 22 | €189,506 | €184,755 | -€4,752 | -2.5% |
| Plant, machinery and equipment | 23 | €883 | €479 | -€405 | -45.8% |
| Furniture and vehicles | 24 | €11,414 | €11,167 | -€247 | -2.2% |
| Current assets | 29/58 | €229,402 | €212,656 | -€16,746 | -7.3% |
| Amounts receivable after more than one year | 29 | - | €15,750 | +€15,750 | |
| Other amounts receivable | 291 | - | €15,750 | +€15,750 | |
| Amounts receivable within one year | 40/41 | €4,277 | €23,443 | +€19,166 | +448% |
| Trade receivables | 40 | €3,505 | €21,927 | +€18,422 | +526% |
| Other amounts receivable | 41 | €772 | €1,516 | +€744 | +96.3% |
| Current investments | 50/53 | €161,000 | - | -€161,000 | |
| Cash at bank and in hand | 54/58 | €26,151 | €170,357 | +€144,206 | +551% |
| Deferred charges and accrued income | 490/1 | €37,974 | €3,106 | -€34,868 | -91.8% |
| Total equity and liabilities | 10/49 | €431,206 | €409,056 | -€22,150 | -5.1% |
| Equity | 10/15 | €270,129 | €288,206 | +€18,077 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €257,729 | €275,806 | +€18,077 | +7.0% |
| Tax-exempt reserves | 132 | €195,537 | €145,598 | -€49,939 | -25.5% |
| Distributable reserves | 133 | €62,192 | €130,208 | +€68,016 | +109% |
| Provisions and deferred taxes | 16 | €65,179 | €36,399 | -€28,780 | -44.2% |
| Deferred taxes | 168 | €65,179 | €36,399 | -€28,780 | -44.2% |
| Amounts payable | 17/49 | €95,898 | €84,451 | -€11,447 | -11.9% |
| Amounts payable after more than one year | 17 | €30,220 | - | -€30,220 | |
| Financial debts | 170/4 | €30,220 | - | -€30,220 | |
| Amounts payable within one year | 42/48 | €65,678 | €84,451 | +€18,773 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €32,506 | €30,220 | -€2,286 | -7.0% |
| Trade debts | 44 | €1,639 | €2,772 | +€1,134 | +69.2% |
| Suppliers | 440/4 | €1,639 | €2,772 | +€1,134 | +69.2% |
| Taxes, remuneration and social security | 45 | €22,156 | €46,139 | +€23,983 | +108% |
| Taxes | 450/3 | €22,156 | €46,139 | +€23,983 | +108% |
| Other amounts payable | 47/48 | €9,377 | €5,320 | -€4,057 | -43.3% |
| Remuneration, social security and pensions | 62 | €245 | €353 | +€108 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,380 | €5,403 | -€1,976 | -26.8% |
| Other operating charges | 640/8 | €28,771 | €3,209 | -€25,563 | -88.8% |
| Gross operating margin | 9900 | €213,764 | €32,355 | -€181,409 | -84.9% |
| Operating profit (loss) | 9901 | €177,368 | €23,389 | -€153,978 | -86.8% |
| Financial income | 75/76B | €3,313 | €1,794 | -€1,519 | -45.8% |
| Recurring financial income | 75 | €3,313 | €1,794 | -€1,519 | -45.8% |
| Financial charges | 65/66B | €7,389 | €8,294 | +€905 | +12.2% |
| Recurring financial charges | 65 | €7,389 | €8,294 | +€905 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €173,292 | €16,890 | -€156,402 | -90.3% |
| Transfer from deferred taxes | 780 | €6,179 | €28,780 | +€22,600 | +366% |
| Transfer to deferred taxes | 680 | €45,499 | - | -€45,499 | |
| Income taxes | 67/77 | €7,194 | €26,760 | +€19,566 | +272% |
| Profit (loss) for the period | 9904 | €126,777 | €18,910 | -€107,868 | -85.1% |
| Transfer from tax-exempt reserves | 789 | €18,538 | €59,039 | +€40,501 | +218% |
| Transfer to tax-exempt reserves | 689 | €136,498 | €9,100 | -€127,398 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,817 | €68,849 | +€60,032 | +681% |
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 28 October 2026 via checked.be.