TER BERMEN: 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.
What changed
TER BERMEN
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€61,977
2024 · €1.8m-€1.8m
Equity
€3.8m
2024 · €3.7m+€61,977
Cash
€4,160
2024 · €1,827+€2,334
Balance sheet total
€4.8m
2024 · €4.8m+€67,630
Largest movements
Assets
- Receivables within one year +€103,210
up €103,210 (+2.5%), from €4.2m to €4.3m
Equity and liabilities
- Reserves +€61,977
up €61,977 (+1.7%), from €3.7m to €3.7m
of which Distributable reserves: +€48,312
Income statement
- Gross operating margin -€2.4m
down €2.4m, from €2.4m to -€5,976
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.
Result 2024
€1.8m
Gross operating margin
-€2.4m
Other operating charges
+€2,876
Financial income
+€10,810
Financial charges
+€260
Taxes
-€398
Deferred taxes and other
+€599,642
Result 2025
€61,977
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2,334
Investment
€0
Financing
€0
Cash 2024
€1,827
From operations (derived)
+€2,334
Net result for the year
+€61,977
Depreciation
+€37,914
Receivables within one year
-€103,210
Provisions
-€9,478
Trade debts
-€13,516
Tax, wage and social debts
+€18,945
Other debts
+€9,703
Cash 2025
€4,160
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,756,230 | €4,823,860 | +€67,630 | +1.4% |
| Fixed assets | 21/28 | €542,630 | €504,716 | -€37,914 | -7.0% |
| Tangible fixed assets | 22/27 | €542,630 | €504,716 | -€37,914 | -7.0% |
| Land and buildings | 22 | €542,630 | €504,716 | -€37,914 | -7.0% |
| Current assets | 29/58 | €4,213,600 | €4,319,144 | +€105,544 | +2.5% |
| Amounts receivable within one year | 40/41 | €4,211,773 | €4,314,983 | +€103,210 | +2.5% |
| Other amounts receivable | 41 | €4,211,773 | €4,314,983 | +€103,210 | +2.5% |
| Cash at bank and in hand | 54/58 | €1,827 | €4,160 | +€2,334 | +128% |
| Total equity and liabilities | 10/49 | €4,756,230 | €4,823,860 | +€67,630 | +1.4% |
| Equity | 10/15 | €3,729,396 | €3,791,373 | +€61,977 | +1.7% |
| Contributions | 10/11 | €64,263 | €64,263 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,763 | €2,763 | = | 0.0% |
| Share premium | 1100/10 | €2,763 | €2,763 | = | 0.0% |
| Reserves | 13 | €3,665,133 | €3,727,110 | +€61,977 | +1.7% |
| Non-distributable reserves | 130/1 | €32,593 | €32,593 | = | 0.0% |
| Legal reserve | 130 | €32,593 | €32,593 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,868,725 | €2,882,389 | +€13,665 | +0.5% |
| Distributable reserves | 133 | €763,816 | €812,128 | +€48,312 | +6.3% |
| Provisions and deferred taxes | 16 | €956,242 | €946,763 | -€9,478 | -1.0% |
| Deferred taxes | 168 | €956,242 | €946,763 | -€9,478 | -1.0% |
| Amounts payable | 17/49 | €70,592 | €85,724 | +€15,132 | +21.4% |
| Amounts payable within one year | 42/48 | €70,592 | €85,724 | +€15,132 | +21.4% |
| Trade debts | 44 | €16,512 | €2,996 | -€13,516 | -81.9% |
| Suppliers | 440/4 | €16,512 | €2,996 | -€13,516 | -81.9% |
| Taxes, remuneration and social security | 45 | €31,570 | €50,515 | +€18,945 | +60.0% |
| Taxes | 450/3 | €31,570 | €50,515 | +€18,945 | +60.0% |
| Other amounts payable | 47/48 | €22,510 | €32,213 | +€9,703 | +43.1% |
| Non-recurring operating income | 76A | €2,468,234 | €0 | -€2.5m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,914 | €37,914 | = | 0.0% |
| Other operating charges | 640/8 | €8,651 | €5,776 | -€2,876 | -33.2% |
| Gross operating margin | 9900 | €2,392,378 | -€5,976 | -€2.4m | |
| Operating profit (loss) | 9901 | €2,345,813 | -€49,665 | -€2.4m | |
| Financial income | 75/76B | €122,975 | €133,786 | +€10,810 | +8.8% |
| Recurring financial income | 75 | €122,673 | €133,786 | +€11,113 | +9.1% |
| Non-recurring financial income | 76B | €302 | €0 | -€302 | -100% |
| Financial charges | 65/66B | €656 | €395 | -€260 | -39.7% |
| Recurring financial charges | 65 | €640 | €395 | -€244 | -38.2% |
| Non-recurring financial charges | 66B | €16 | €0 | -€16 | -100% |
| Profit (loss) for the period before taxes | 9903 | €2,468,133 | €83,725 | -€2.4m | -96.6% |
| Transfer from deferred taxes | 780 | €26,895 | €9,478 | -€17,417 | -64.8% |
| Transfer to deferred taxes | 680 | €617,059 | €0 | -€617,059 | -100% |
| Income taxes | 67/77 | €30,829 | €31,227 | +€398 | +1.3% |
| Profit (loss) for the period | 9904 | €1,847,140 | €61,977 | -€1.8m | -96.6% |
| Transfer from tax-exempt reserves | 789 | €80,686 | €28,435 | -€52,250 | -64.8% |
| Transfer to tax-exempt reserves | 689 | €1,851,176 | €42,100 | -€1.8m | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,650 | €48,312 | -€28,338 | -37.0% |
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 19 October 2026 via checked.be.