Management BERG: 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.
Management BERG
Largest movements
- Tangible fixed assets +€58,001
up €58,001 (+17.7%), from €326,869 to €384,870
of which Furniture and vehicles: +€56,355
- Cash -€51,191
down €51,191 (-91.8%), from €55,777 to €4,586
mainly Investment in fixed assets (net) (-€79,483) and Stocks and contracts (-€45,911)
- Stocks and contracts +€45,911
new in 2025: €45,911
- Receivables within one year -€16,651
down €16,651 (-41.4%), from €40,210 to €23,558
of which Trade receivables: -€20,601
- Reserves +€18,907
up €18,907 (+14.5%), from €130,594 to €149,500
- Tax, wage and social debts -€15,981
down €15,981 (-96.6%), from €16,537 to €557
- Other debts +€14,892
up €14,892 (+26.0%), from €57,287 to €72,179
- Current portion of long-term debt +€8,030
up €8,030 (+47.7%), from €16,851 to €24,881
- Short-term financial debts +€6,679
up €6,679 (+437.5%), from €1,527 to €8,205
- Gross operating margin -€29,579
down €29,579 (-30.7%), from €96,308 to €66,728
- Depreciation +€15,325
up €15,325 (+248.9%), from €6,157 to €21,483
- Taxes -€9,933
down €9,933 (-54.0%), from €18,395 to €8,462
- Other operating charges +€1,450
up €1,450 (+109.0%), from €1,331 to €2,781
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.
Cash bridge derived
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 | €424,076 | €460,384 | +€36,308 | +8.6% |
| Fixed assets | 21/28 | €326,869 | €384,870 | +€58,001 | +17.7% |
| Tangible fixed assets | 22/27 | €326,869 | €384,870 | +€58,001 | +17.7% |
| Land and buildings | 22 | €321,383 | €320,348 | -€1,035 | -0.3% |
| Plant, machinery and equipment | 23 | €5,270 | €7,951 | +€2,681 | +50.9% |
| Furniture and vehicles | 24 | €216 | €56,571 | +€56,355 | +26054.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €97,207 | €75,514 | -€21,693 | -22.3% |
| Stocks and contracts in progress | 3 | - | €45,911 | +€45,911 | |
| Stocks | 30/36 | - | €45,911 | +€45,911 | |
| Amounts receivable within one year | 40/41 | €40,210 | €23,558 | -€16,651 | -41.4% |
| Trade receivables | 40 | €25,000 | €4,400 | -€20,601 | -82.4% |
| Other amounts receivable | 41 | €15,210 | €19,159 | +€3,949 | +26.0% |
| Cash at bank and in hand | 54/58 | €55,777 | €4,586 | -€51,191 | -91.8% |
| Deferred charges and accrued income | 490/1 | €1,220 | €1,458 | +€238 | +19.5% |
| Total equity and liabilities | 10/49 | €424,076 | €460,384 | +€36,308 | +8.6% |
| Equity | 10/15 | €149,194 | €168,100 | +€18,907 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,594 | €149,500 | +€18,907 | +14.5% |
| Distributable reserves | 133 | €130,594 | €149,500 | +€18,907 | +14.5% |
| Amounts payable | 17/49 | €274,882 | €292,284 | +€17,401 | +6.3% |
| Amounts payable after more than one year | 17 | €174,980 | €174,187 | -€793 | -0.5% |
| Financial debts | 170/4 | €174,980 | €174,187 | -€793 | -0.5% |
| Amounts payable within one year | 42/48 | €93,950 | €108,027 | +€14,077 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €16,851 | €24,881 | +€8,030 | +47.7% |
| Financial debts | 43 | €1,527 | €8,205 | +€6,679 | +437.5% |
| Credit institutions | 430/8 | €1,527 | €8,205 | +€6,679 | +437.5% |
| Trade debts | 44 | €1,748 | €2,205 | +€457 | +26.1% |
| Suppliers | 440/4 | €1,748 | €2,205 | +€457 | +26.1% |
| Taxes, remuneration and social security | 45 | €16,537 | €557 | -€15,981 | -96.6% |
| Taxes | 450/3 | €16,537 | €557 | -€15,981 | -96.6% |
| Other amounts payable | 47/48 | €57,287 | €72,179 | +€14,892 | +26.0% |
| Accrued charges and deferred income | 492/3 | €5,953 | €10,070 | +€4,117 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,157 | €21,483 | +€15,325 | +248.9% |
| Other operating charges | 640/8 | €1,331 | €2,781 | +€1,450 | +109.0% |
| Gross operating margin | 9900 | €96,308 | €66,728 | -€29,579 | -30.7% |
| Operating profit (loss) | 9901 | €88,819 | €42,464 | -€46,355 | -52.2% |
| Financial income | 75/76B | €1 | €1 | +€0 | +14.5% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +14.5% |
| Financial charges | 65/66B | €14,815 | €15,097 | +€282 | +1.9% |
| Recurring financial charges | 65 | €14,815 | €15,097 | +€282 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €74,005 | €27,369 | -€46,636 | -63.0% |
| Income taxes | 67/77 | €18,395 | €8,462 | -€9,933 | -54.0% |
| Profit (loss) for the period | 9904 | €55,610 | €18,907 | -€36,703 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,610 | €18,907 | -€36,703 | -66.0% |
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 10 October 2026 via checked.be.