BERCU: 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.
BERCU
Largest movements
- Cash +€23,751
up €23,751 (+2993.4%), from €793 to €24,544
mainly Depreciation (+€40,518) and Debts after one year (+€20,029)
- Tangible fixed assets +€17,786
up €17,786 (+3.5%), from €515,067 to €532,854
of which Land and buildings: +€12,501
- Debts after one year +€20,029
up €20,029 (+3.8%), from €526,556 to €546,585
of which Other amounts payable: +€25,995
- Profit (loss) carried forward +€18,324
up €18,324 (+6.9%), from -€265,234 to -€246,909
- Staff costs -€13,950
down €13,950 (-98.1%), from €14,223 to €273
- Gross operating margin +€8,827
up €8,827 (+15.8%), from €55,742 to €64,569
- Depreciation +€2,680
up €2,680 (+7.1%), from €37,838 to €40,518
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 | €525,763 | €570,596 | +€44,833 | +8.5% |
| Fixed assets | 21/28 | €515,067 | €532,854 | +€17,786 | +3.5% |
| Tangible fixed assets | 22/27 | €515,067 | €532,854 | +€17,786 | +3.5% |
| Land and buildings | 22 | €498,885 | €511,386 | +€12,501 | +2.5% |
| Plant, machinery and equipment | 23 | €7,362 | €4,693 | -€2,670 | -36.3% |
| Furniture and vehicles | 24 | €8,820 | €5,880 | -€2,940 | -33.3% |
| Other tangible fixed assets | 26 | - | €10,895 | +€10,895 | |
| Current assets | 29/58 | €10,695 | €37,742 | +€27,047 | +252.9% |
| Stocks and contracts in progress | 3 | €1,818 | €1,818 | = | 0.0% |
| Stocks | 30/36 | €1,818 | €1,818 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,866 | €9,367 | +€3,500 | +59.7% |
| Trade receivables | 40 | €3,967 | €9,362 | +€5,395 | +136.0% |
| Other amounts receivable | 41 | €1,899 | €5 | -€1,894 | -99.7% |
| Cash at bank and in hand | 54/58 | €793 | €24,544 | +€23,751 | +2993.4% |
| Deferred charges and accrued income | 490/1 | €2,217 | €2,013 | -€204 | -9.2% |
| Total equity and liabilities | 10/49 | €525,763 | €570,596 | +€44,833 | +8.5% |
| Equity | 10/15 | -€7,974 | €14,396 | +€22,370 | |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,258 | €11,304 | +€4,046 | +55.7% |
| Reserves | 13 | €1 | €1 | = | 0.0% |
| Tax-exempt reserves | 132 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,234 | -€246,909 | +€18,324 | +6.9% |
| Amounts payable | 17/49 | €533,737 | €556,200 | +€22,463 | +4.2% |
| Amounts payable after more than one year | 17 | €526,556 | €546,585 | +€20,029 | +3.8% |
| Financial debts | 170/4 | €23,256 | €17,290 | -€5,966 | -25.7% |
| Other amounts payable | 178/9 | €503,300 | €529,295 | +€25,995 | +5.2% |
| Amounts payable within one year | 42/48 | €7,181 | €9,132 | +€1,950 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €5,703 | €5,966 | +€263 | +4.6% |
| Trade debts | 44 | €1,004 | €2,098 | +€1,094 | +109.0% |
| Suppliers | 440/4 | €1,004 | €2,098 | +€1,094 | +109.0% |
| Taxes, remuneration and social security | 45 | €475 | €1,068 | +€593 | +124.9% |
| Taxes | 450/3 | €475 | €1,068 | +€593 | +124.9% |
| Accrued charges and deferred income | 492/3 | - | €484 | +€484 | |
| Non-recurring operating income | 76A | - | €4,024 | +€4,024 | |
| Remuneration, social security and pensions | 62 | €14,223 | €273 | -€13,950 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,838 | €40,518 | +€2,680 | +7.1% |
| Other operating charges | 640/8 | €3,908 | €3,972 | +€63 | +1.6% |
| Non-recurring operating charges | 66A | €975 | - | -€975 | |
| Gross operating margin | 9900 | €55,742 | €64,569 | +€8,827 | +15.8% |
| Operating profit (loss) | 9901 | -€1,202 | €19,807 | +€21,009 | |
| Financial income | 75/76B | €337 | €67 | -€270 | -80.1% |
| Recurring financial income | 75 | €337 | €67 | -€270 | -80.1% |
| Financial charges | 65/66B | €1,710 | €1,405 | -€305 | -17.8% |
| Recurring financial charges | 65 | €1,710 | €1,405 | -€305 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,576 | €18,469 | +€21,045 | |
| Income taxes | 67/77 | €205 | €144 | -€60 | -29.4% |
| Profit (loss) for the period | 9904 | -€2,780 | €18,324 | +€21,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,780 | €18,324 | +€21,105 |
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 7 October 2026 via checked.be.