STORM BERLARE: 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.
STORM BERLARE
Largest movements
- Current investments -€750,000
down €750,000 (-100%), from €750,000 to €0
- Cash +€704,327
up €704,327 (+4,946,117%), from €14 to €704,341
mainly Current investments (+€750,000) and Depreciation (+€427,517)
- Tangible fixed assets -€361,869
down €361,869 (-8.0%), from €4.5m to €4.2m
- Receivables within one year -€108,974
down €108,974 (-21.6%), from €503,377 to €394,404
of which Trade receivables: -€90,273
- Intangible fixed assets -€65,156
down €65,156 (-78.2%), from €83,322 to €18,167
- Debts after one year -€263,550
down €263,550 (-7.5%), from €3.5m to €3.2m
- Reserves -€163,139
down €163,139 (-54.9%), from €296,995 to €133,856
of which Distributable reserves: -€163,139
- Short-term financial debts -€98,653
down €98,653 (-100%), from €98,653 to €0
- Gross operating margin -€248,188
down €248,188 (-43.8%), from €566,036 to €317,848
- Depreciation -€51,333
down €51,333 (-10.7%), from €478,850 to €427,517
- Financial income -€33,806
down €33,806 (-58.8%), from €57,503 to €23,698
- Taxes -€17,407
down €17,407 (-94.3%), from €18,457 to €1,050
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 | €5,896,385 | €5,325,288 | -€571,097 | -9.7% |
| Formation expenses | 20 | €650 | €158 | -€493 | -75.7% |
| Fixed assets | 21/28 | €4,604,226 | €4,177,201 | -€427,025 | -9.3% |
| Intangible fixed assets | 21 | €83,322 | €18,167 | -€65,156 | -78.2% |
| Tangible fixed assets | 22/27 | €4,520,904 | €4,159,035 | -€361,869 | -8.0% |
| Plant, machinery and equipment | 23 | €4,520,904 | €4,159,035 | -€361,869 | -8.0% |
| Current assets | 29/58 | €1,291,509 | €1,147,929 | -€143,580 | -11.1% |
| Amounts receivable within one year | 40/41 | €503,377 | €394,404 | -€108,974 | -21.6% |
| Trade receivables | 40 | €217,881 | €127,608 | -€90,273 | -41.4% |
| Other amounts receivable | 41 | €285,496 | €266,796 | -€18,700 | -6.6% |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100% |
| Cash at bank and in hand | 54/58 | €14 | €704,341 | +€704,327 | +4,946,117% |
| Deferred charges and accrued income | 490/1 | €38,117 | €49,183 | +€11,066 | +29.0% |
| Total equity and liabilities | 10/49 | €5,896,385 | €5,325,288 | -€571,097 | -9.7% |
| Equity | 10/15 | €1,949,196 | €1,786,057 | -€163,139 | -8.4% |
| Contributions | 10/11 | €1,652,201 | €1,652,201 | = | 0.0% |
| Capital | 10 | €1,652,201 | €1,652,201 | = | 0.0% |
| Issued capital | 100 | €1,652,201 | €1,652,201 | = | 0.0% |
| Reserves | 13 | €296,995 | €133,856 | -€163,139 | -54.9% |
| Non-distributable reserves | 130/1 | €85,860 | €85,860 | = | 0.0% |
| Legal reserve | 130 | €85,860 | €85,860 | = | 0.0% |
| Distributable reserves | 133 | €211,135 | €47,996 | -€163,139 | -77.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,947,189 | €3,539,231 | -€407,958 | -10.3% |
| Amounts payable after more than one year | 17 | €3,504,727 | €3,241,176 | -€263,550 | -7.5% |
| Financial debts | 170/4 | €3,504,727 | €3,241,176 | -€263,550 | -7.5% |
| Amounts payable within one year | 42/48 | €419,115 | €276,344 | -€142,771 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €272,411 | €263,550 | -€8,861 | -3.3% |
| Financial debts | 43 | €98,653 | €0 | -€98,653 | -100% |
| Credit institutions | 430/8 | €98,653 | €0 | -€98,653 | -100% |
| Trade debts | 44 | €48,051 | €916 | -€47,135 | -98.1% |
| Suppliers | 440/4 | €48,051 | €916 | -€47,135 | -98.1% |
| Taxes, remuneration and social security | 45 | €0 | €11,878 | +€11,878 | |
| Taxes | 450/3 | €0 | €11,878 | +€11,878 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €23,347 | €21,710 | -€1,637 | -7.0% |
| Non-recurring operating income | 76A | - | €37,395 | +€37,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478,850 | €427,517 | -€51,333 | -10.7% |
| Other operating charges | 640/8 | €18,085 | €12,845 | -€5,240 | -29.0% |
| Non-recurring operating charges | 66A | €165 | €0 | -€165 | -100% |
| Gross operating margin | 9900 | €566,036 | €317,848 | -€248,188 | -43.8% |
| Operating profit (loss) | 9901 | €68,936 | -€122,514 | -€191,450 | |
| Financial income | 75/76B | €57,503 | €23,698 | -€33,806 | -58.8% |
| Recurring financial income | 75 | €57,503 | €23,698 | -€33,806 | -58.8% |
| Financial charges | 65/66B | €68,782 | €63,273 | -€5,509 | -8.0% |
| Recurring financial charges | 65 | €68,782 | €63,273 | -€5,509 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €57,658 | -€162,089 | -€219,746 | |
| Income taxes | 67/77 | €18,457 | €1,050 | -€17,407 | -94.3% |
| Profit (loss) for the period | 9904 | €39,200 | -€163,139 | -€202,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,200 | -€163,139 | -€202,339 |
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 23 October 2026 via checked.be.