M&J Berkmans: 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.
M&J Berkmans
Largest movements
- Tangible fixed assets +€156,343
up €156,343 (+41.9%), from €373,176 to €529,519
of which Assets under construction and advance payments: +€175,606
- Cash +€22,276
up €22,276 (+44.3%), from €50,265 to €72,540
mainly Debts after one year (+€86,717) and Net result for the year (+€70,561)
- Receivables within one year -€18,752
down €18,752 (-42.0%), from €44,597 to €25,845
of which Trade receivables: -€19,787
- Debts after one year +€86,717
up €86,717 (+58.5%), from €148,337 to €235,054
- Reserves +€70,561
up €70,561 (+104%), from €68,135 to €138,695
- Current portion of long-term debt +€6,460
up €6,460 (+25.5%), from €25,303 to €31,762
- Gross operating margin +€7,681
up €7,681 (+6.6%), from €115,736 to €123,418
- Financial charges +€3,697
up €3,697 (+70.4%), from €5,249 to €8,946
- Taxes +€3,549
up €3,549 (+19.4%), from €18,313 to €21,862
- Other operating charges -€1,991
down €1,991 (-41.7%), from €4,777 to €2,787
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,037 | €627,904 | +€159,867 | +34.2% |
| Fixed assets | 21/28 | €373,176 | €529,519 | +€156,343 | +41.9% |
| Tangible fixed assets | 22/27 | €373,176 | €529,519 | +€156,343 | +41.9% |
| Land and buildings | 22 | €319,600 | €302,167 | -€17,433 | -5.5% |
| Plant, machinery and equipment | 23 | €282 | €52 | -€230 | -81.7% |
| Furniture and vehicles | 24 | €1,722 | €122 | -€1,600 | -92.9% |
| Assets under construction and advance payments | 27 | €51,572 | €227,177 | +€175,606 | +341% |
| Current assets | 29/58 | €94,862 | €98,386 | +€3,524 | +3.7% |
| Amounts receivable within one year | 40/41 | €44,597 | €25,845 | -€18,752 | -42.0% |
| Trade receivables | 40 | €44,597 | €24,810 | -€19,787 | -44.4% |
| Other amounts receivable | 41 | - | €1,036 | +€1,036 | |
| Cash at bank and in hand | 54/58 | €50,265 | €72,540 | +€22,276 | +44.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €468,037 | €627,904 | +€159,867 | +34.2% |
| Equity | 10/15 | €73,135 | €143,695 | +€70,561 | +96.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,135 | €138,695 | +€70,561 | +104% |
| Distributable reserves | 133 | €68,135 | €138,695 | +€70,561 | +104% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €394,902 | €484,209 | +€89,307 | +22.6% |
| Amounts payable after more than one year | 17 | €148,337 | €235,054 | +€86,717 | +58.5% |
| Financial debts | 170/4 | €148,337 | €235,054 | +€86,717 | +58.5% |
| Amounts payable within one year | 42/48 | €246,565 | €248,995 | +€2,430 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €25,303 | €31,762 | +€6,460 | +25.5% |
| Trade debts | 44 | €801 | €2,531 | +€1,730 | +216% |
| Suppliers | 440/4 | €801 | €2,531 | +€1,730 | +216% |
| Taxes, remuneration and social security | 45 | €17,105 | €11,212 | -€5,893 | -34.5% |
| Taxes | 450/3 | €17,105 | €11,212 | -€5,893 | -34.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €203,357 | €203,490 | +€133 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,262 | €19,262 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,777 | €2,787 | -€1,991 | -41.7% |
| Gross operating margin | 9900 | €115,736 | €123,418 | +€7,681 | +6.6% |
| Operating profit (loss) | 9901 | €91,697 | €101,368 | +€9,672 | +10.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,249 | €8,946 | +€3,697 | +70.4% |
| Recurring financial charges | 65 | €5,249 | €8,946 | +€3,697 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | €86,448 | €92,423 | +€5,975 | +6.9% |
| Income taxes | 67/77 | €18,313 | €21,862 | +€3,549 | +19.4% |
| Profit (loss) for the period | 9904 | €68,135 | €70,561 | +€2,426 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,135 | €70,561 | +€2,426 | +3.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.