PATRICK BERASALUCE: what changed
Two fiscal 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.
PATRICK BERASALUCE
Largest movements
- Financial fixed assets +€222,347
up €222,347 (+99.7%), from €223,097 to €445,444
- Receivables within one year -€183,806
down €183,806 (-88.1%), from €208,747 to €24,941
of which Other amounts receivable: -€183,537
- Cash +€10,480
up €10,480 (+111.5%), from €9,399 to €19,879
mainly Receivables within one year (+€183,806) and Other debts (+€30,409)
- Other debts +€30,409
new in 2025: €30,409
- Profit (loss) carried forward +€14,110
up €14,110 (+12.0%), from €118,071 to €132,181
- Gross operating margin -€7,343
down €7,343, from €3,897 to -€3,446
- Financial income +€2,189
up €2,189 (+11.6%), from €18,925 to €21,114
- Taxes +€983
up €983 (+3576.7%), from €27 to €1,010
- Other operating charges +€440
up €440 (+53.4%), from €824 to €1,264
- Financial charges -€320
down €320 (-20.0%), from €1,604 to €1,283
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 | €441,562 | €490,264 | +€48,702 | +11.0% |
| Fixed assets | 21/28 | €223,097 | €445,444 | +€222,347 | +99.7% |
| Financial fixed assets | 28 | €223,097 | €445,444 | +€222,347 | +99.7% |
| Current assets | 29/58 | €218,465 | €44,820 | -€173,645 | -79.5% |
| Amounts receivable within one year | 40/41 | €208,747 | €24,941 | -€183,806 | -88.1% |
| Trade receivables | 40 | €22,679 | €22,410 | -€269 | -1.2% |
| Other amounts receivable | 41 | €186,068 | €2,531 | -€183,537 | -98.6% |
| Cash at bank and in hand | 54/58 | €9,399 | €19,879 | +€10,480 | +111.5% |
| Deferred charges and accrued income | 490/1 | €319 | - | -€319 | |
| Total equity and liabilities | 10/49 | €441,562 | €490,264 | +€48,702 | +11.0% |
| Equity | 10/15 | €437,869 | €451,980 | +€14,110 | +3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €172,347 | €172,347 | = | 0.0% |
| Reserves | 13 | €128,859 | €128,859 | = | 0.0% |
| Distributable reserves | 133 | €128,859 | €128,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,071 | €132,181 | +€14,110 | +12.0% |
| Amounts payable | 17/49 | €3,692 | €38,285 | +€34,592 | +936.8% |
| Amounts payable within one year | 42/48 | €3,692 | €38,285 | +€34,592 | +936.8% |
| Trade debts | 44 | €3,300 | €6,866 | +€3,566 | +108.1% |
| Suppliers | 440/4 | €3,300 | €6,866 | +€3,566 | +108.1% |
| Taxes, remuneration and social security | 45 | €393 | €1,010 | +€617 | +157.1% |
| Taxes | 450/3 | €393 | €1,010 | +€617 | +157.1% |
| Other amounts payable | 47/48 | - | €30,409 | +€30,409 | |
| Other operating charges | 640/8 | €824 | €1,264 | +€440 | +53.4% |
| Gross operating margin | 9900 | €3,897 | -€3,446 | -€7,343 | |
| Operating profit (loss) | 9901 | €3,073 | -€4,710 | -€7,783 | |
| Financial income | 75/76B | €18,925 | €21,114 | +€2,189 | +11.6% |
| Recurring financial income | 75 | €18,925 | €21,114 | +€2,189 | +11.6% |
| Financial charges | 65/66B | €1,604 | €1,283 | -€320 | -20.0% |
| Recurring financial charges | 65 | €1,604 | €1,283 | -€320 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €20,395 | €15,120 | -€5,274 | -25.9% |
| Income taxes | 67/77 | €27 | €1,010 | +€983 | +3576.7% |
| Profit (loss) for the period | 9904 | €20,367 | €14,110 | -€6,257 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,367 | €14,110 | -€6,257 | -30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.