LA BERCEUSE: 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.
LA BERCEUSE
Largest movements
- Receivables within one year +€92,893
new in 2025: €92,893
- Tangible fixed assets -€83,043
down €83,043 (-19.4%), from €427,064 to €344,022
of which Plant, machinery and equipment: -€66,802
- Financial fixed assets -€25,452
down €25,452 (-86.5%), from €29,433 to €3,981
- Profit (loss) carried forward -€102,035
down €102,035 (-8.8%), from -€1.2m to -€1.3m
- Other debts +€100,395
up €100,395 (+1,324%), from €7,582 to €107,978
- Investment grants -€10,763
down €10,763 (-25.0%), from €43,053 to €32,290
- Financial charges +€25,401
up €25,401 (+48,383%), from €53 to €25,454
of which Non-recurring financial charges: +€25,454
- Gross operating margin +€9,010
up €9,010 (+63.6%), from -€14,174 to -€5,164
- Depreciation -€5,882
down €5,882 (-6.6%), from €88,925 to €83,043
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 | €487,692 | €474,114 | -€13,578 | -2.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €456,497 | €348,003 | -€108,494 | -23.8% |
| Tangible fixed assets | 22/27 | €427,064 | €344,022 | -€83,043 | -19.4% |
| Plant, machinery and equipment | 23 | €260,824 | €194,022 | -€66,802 | -25.6% |
| Furniture and vehicles | 24 | €166,241 | €150,000 | -€16,241 | -9.8% |
| Financial fixed assets | 28 | €29,433 | €3,981 | -€25,452 | -86.5% |
| Current assets | 29/58 | €31,195 | €126,111 | +€94,917 | +304% |
| Stocks and contracts in progress | 3 | €30,828 | €30,828 | = | 0.0% |
| Stocks | 30/36 | €30,828 | €30,828 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €92,893 | +€92,893 | |
| Other amounts receivable | 41 | - | €92,893 | +€92,893 | |
| Cash at bank and in hand | 54/58 | €367 | €2,390 | +€2,023 | +551% |
| Total equity and liabilities | 10/49 | €487,692 | €474,114 | -€13,578 | -2.8% |
| Equity | 10/15 | -€956,547 | -€1,069,345 | -€112,798 | -11.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €76 | €76 | = | 0.0% |
| Distributable reserves | 133 | €76 | €76 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,162,076 | -€1,264,111 | -€102,035 | -8.8% |
| Investment grants | 15 | €43,053 | €32,290 | -€10,763 | -25.0% |
| Provisions and deferred taxes | 16 | €6,151 | €4,613 | -€1,538 | -25.0% |
| Deferred taxes | 168 | €6,151 | €4,613 | -€1,538 | -25.0% |
| Amounts payable | 17/49 | €1,438,088 | €1,538,846 | +€100,758 | +7.0% |
| Amounts payable after more than one year | 17 | €1,247,935 | €1,247,935 | = | 0.0% |
| Other amounts payable | 178/9 | €1,247,935 | €1,247,935 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,222 | €125,980 | +€100,758 | +399% |
| Trade debts | 44 | €16,640 | €17,002 | +€363 | +2.2% |
| Suppliers | 440/4 | €16,640 | €17,002 | +€363 | +2.2% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,582 | €107,978 | +€100,395 | +1,324% |
| Accrued charges and deferred income | 492/3 | €164,932 | €164,932 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,925 | €83,043 | -€5,882 | -6.6% |
| Other operating charges | 640/8 | €633 | €676 | +€42 | +6.7% |
| Gross operating margin | 9900 | -€14,174 | -€5,164 | +€9,010 | +63.6% |
| Operating profit (loss) | 9901 | -€103,732 | -€88,882 | +€14,850 | +14.3% |
| Financial income | 75/76B | €10,763 | €10,763 | = | 0.0% |
| Recurring financial income | 75 | €10,763 | €10,763 | = | 0.0% |
| Financial charges | 65/66B | €53 | €25,454 | +€25,401 | +48,383% |
| Recurring financial charges | 65 | €53 | €25,454 | +€25,401 | +48,383% |
| Non-recurring financial charges | 66B | - | €25,454 | +€25,454 | |
| Profit (loss) for the period before taxes | 9903 | -€93,022 | -€103,572 | -€10,551 | -11.3% |
| Transfer from deferred taxes | 780 | €1,538 | €1,538 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€91,484 | -€102,035 | -€10,551 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,484 | -€102,035 | -€10,551 | -11.5% |
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 27 October 2026 via checked.be.