Pierre Berger: 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.
Pierre Berger
Largest movements
- Receivables within one year +€621,481
up €621,481 (+193%), from €322,593 to €944,074
of which Other amounts receivable: +€616,532
- Cash -€141,649
down €141,649 (-78.5%), from €180,538 to €38,890
mainly Receivables within one year (-€621,481) and Contributions, distributions and other (-€510,000)
- Intangible fixed assets -€100,000
down €100,000 (-38.7%), from €258,333 to €158,334
- Other debts +€503,548
up €503,548 (+3,003%), from €16,768 to €520,316
- Reserves -€99,144
down €99,144 (-66.8%), from €148,321 to €49,177
of which Distributable reserves: -€99,144
- Tax, wage and social debts -€41,751
down €41,751 (-7.9%), from €530,966 to €489,215
of which Taxes: -€41,751
- Gross operating margin +€9,691
up €9,691 (+1.4%), from €683,022 to €692,712
- Taxes +€9,212
up €9,212 (+5.5%), from €168,441 to €177,653
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 | €789,905 | €1,169,902 | +€379,996 | +48.1% |
| Fixed assets | 21/28 | €264,894 | €164,570 | -€100,324 | -37.9% |
| Intangible fixed assets | 21 | €258,333 | €158,334 | -€100,000 | -38.7% |
| Tangible fixed assets | 22/27 | €6,561 | €6,237 | -€324 | -4.9% |
| Furniture and vehicles | 24 | €6,561 | €6,237 | -€324 | -4.9% |
| Current assets | 29/58 | €525,011 | €1,005,331 | +€480,320 | +91.5% |
| Amounts receivable within one year | 40/41 | €322,593 | €944,074 | +€621,481 | +193% |
| Trade receivables | 40 | €322,593 | €327,542 | +€4,949 | +1.5% |
| Other amounts receivable | 41 | - | €616,532 | +€616,532 | |
| Cash at bank and in hand | 54/58 | €180,538 | €38,890 | -€141,649 | -78.5% |
| Deferred charges and accrued income | 490/1 | €21,880 | €22,368 | +€488 | +2.2% |
| Total equity and liabilities | 10/49 | €789,905 | €1,169,902 | +€379,996 | +48.1% |
| Equity | 10/15 | €210,421 | €111,277 | -€99,144 | -47.1% |
| Contributions | 10/11 | €62,100 | €62,100 | = | 0.0% |
| Capital | 10 | €62,100 | €62,100 | = | 0.0% |
| Issued capital | 100 | €62,100 | €62,100 | = | 0.0% |
| Reserves | 13 | €148,321 | €49,177 | -€99,144 | -66.8% |
| Non-distributable reserves | 130/1 | €13,800 | €13,800 | = | 0.0% |
| Legal reserve | 130 | €6,900 | €6,900 | = | 0.0% |
| Other | 1319 | €6,900 | €6,900 | = | 0.0% |
| Distributable reserves | 133 | €134,521 | €35,377 | -€99,144 | -73.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €579,484 | €1,058,624 | +€479,140 | +82.7% |
| Amounts payable within one year | 42/48 | €579,484 | €1,058,624 | +€479,140 | +82.7% |
| Financial debts | 43 | €0 | €5,957 | +€5,957 | |
| Credit institutions | 430/8 | €0 | €5,957 | +€5,957 | |
| Trade debts | 44 | €31,751 | €43,136 | +€11,385 | +35.9% |
| Suppliers | 440/4 | €31,751 | €43,136 | +€11,385 | +35.9% |
| Taxes, remuneration and social security | 45 | €530,966 | €489,215 | -€41,751 | -7.9% |
| Taxes | 450/3 | €530,966 | €489,215 | -€41,751 | -7.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,768 | €520,316 | +€503,548 | +3,003% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,885 | €102,480 | -€405 | -0.4% |
| Other operating charges | 640/8 | €3,300 | €1,409 | -€1,891 | -57.3% |
| Gross operating margin | 9900 | €683,022 | €692,712 | +€9,691 | +1.4% |
| Operating profit (loss) | 9901 | €576,837 | €588,823 | +€11,986 | +2.1% |
| Financial income | 75/76B | €3 | €0 | -€2 | -82.7% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -82.7% |
| Financial charges | 65/66B | €831 | €314 | -€516 | -62.2% |
| Recurring financial charges | 65 | €831 | €314 | -€516 | -62.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €576,009 | €588,509 | +€12,500 | +2.2% |
| Income taxes | 67/77 | €168,441 | €177,653 | +€9,212 | +5.5% |
| Profit (loss) for the period | 9904 | €407,567 | €410,856 | +€3,289 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €407,567 | €410,856 | +€3,289 | +0.8% |
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 26 October 2026 via checked.be.