BERMAL: what changed
What changed
BERMAL
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€41,212
2024 · -€70,735+€111,947
Equity
€688,305
2024 · €647,093+€41,212
Cash
€154,811
2024 · €69,608+€85,203
Balance sheet total
€1.8m
2024 · €1.8m-€20,972
Largest movements
Assets
- Tangible fixed assets -€107,001
down €107,001 (-6.1%), from €1.8m to €1.7m
of which Land and buildings: -€97,397
- Cash +€85,203
up €85,203 (+122%), from €69,608 to €154,811
mainly Depreciation (+€101,670) and Debts after one year (+€46,097)
Equity and liabilities
- Profit (loss) carried forward +€101,456
up €101,456, from -€100,651 to €805
- Reserves -€60,244
down €60,244 (-8.8%), from €685,744 to €625,500
of which Tax-exempt reserves: -€130,244
- Other debts -€59,937
down €59,937 (-75.6%), from €79,278 to €19,341
- Debts after one year +€46,097
up €46,097 (+4.6%), from €1.0m to €1.0m
- Provisions -€42,942
no longer reported in 2025 (was €42,942)
Income statement
- Gross operating margin +€42,489
up €42,489 (+28.1%), from €151,243 to €193,731
- Depreciation -€19,740
down €19,740 (-16.3%), from €121,409 to €101,670
- Financial charges -€13,660
down €13,660 (-29.3%), from €46,648 to €32,988
- Taxes +€7,000
up €7,000 (+1,218%), from €575 to €7,574
- Other operating charges -€3,721
down €3,721 (-16.8%), from €22,117 to €18,396
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€70,735
Gross operating margin
+€42,489
Staff costs
-€2,972
Depreciation
+€19,740
Other operating charges
+€3,721
Financial charges
+€13,660
Taxes
-€7,000
Deferred taxes and other
+€42,310
Result 2025
€41,212
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€33,775
Investment
+€5,331
Financing
+€46,097
Cash 2024
€69,608
From operations (derived)
+€33,775
Net result for the year
+€41,212
Depreciation
+€101,670
Receivables within one year
-€813
Deferred charges and accrued income
-€12
Provisions
-€42,942
Trade debts
+€1,347
Tax, wage and social debts
+€7,367
Other debts
-€59,937
Accrued charges and deferred income
-€14,117
Investment (derived)
+€5,331
Investment in fixed assets (net)
+€5,331
Financing
+€46,097
Debts after one year
+€46,097
Cash 2025
€154,811
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,833,330 | €1,812,358 | -€20,972 | -1.1% |
| Fixed assets | 21/28 | €1,758,365 | €1,651,365 | -€107,001 | -6.1% |
| Tangible fixed assets | 22/27 | €1,758,365 | €1,651,365 | -€107,001 | -6.1% |
| Land and buildings | 22 | €1,747,628 | €1,650,231 | -€97,397 | -5.6% |
| Plant, machinery and equipment | 23 | €1,958 | €924 | -€1,033 | -52.8% |
| Furniture and vehicles | 24 | €8,780 | €209 | -€8,571 | -97.6% |
| Current assets | 29/58 | €74,965 | €160,993 | +€86,029 | +115% |
| Amounts receivable within one year | 40/41 | €5,089 | €5,902 | +€813 | +16.0% |
| Trade receivables | 40 | €4,652 | €5,726 | +€1,075 | +23.1% |
| Other amounts receivable | 41 | €437 | €175 | -€261 | -59.9% |
| Cash at bank and in hand | 54/58 | €69,608 | €154,811 | +€85,203 | +122% |
| Deferred charges and accrued income | 490/1 | €268 | €280 | +€12 | +4.6% |
| Total equity and liabilities | 10/49 | €1,833,330 | €1,812,358 | -€20,972 | -1.1% |
| Equity | 10/15 | €647,093 | €688,305 | +€41,212 | +6.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €685,744 | €625,500 | -€60,244 | -8.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €130,244 | - | -€130,244 | |
| Distributable reserves | 133 | €549,300 | €619,300 | +€70,000 | +12.7% |
| Profit (loss) carried forward | 14 | -€100,651 | €805 | +€101,456 | |
| Provisions and deferred taxes | 16 | €42,942 | - | -€42,942 | |
| Deferred taxes | 168 | €42,942 | - | -€42,942 | |
| Amounts payable | 17/49 | €1,143,295 | €1,124,053 | -€19,242 | -1.7% |
| Amounts payable after more than one year | 17 | €1,001,371 | €1,047,469 | +€46,097 | +4.6% |
| Financial debts | 170/4 | €1,001,371 | €1,047,469 | +€46,097 | +4.6% |
| Amounts payable within one year | 42/48 | €94,810 | €43,587 | -€51,223 | -54.0% |
| Trade debts | 44 | €11,056 | €12,403 | +€1,347 | +12.2% |
| Suppliers | 440/4 | €11,056 | €12,403 | +€1,347 | +12.2% |
| Taxes, remuneration and social security | 45 | €4,475 | €11,842 | +€7,367 | +165% |
| Taxes | 450/3 | €4,084 | €11,842 | +€7,758 | +190% |
| Remuneration and social security | 454/9 | €391 | - | -€391 | |
| Other amounts payable | 47/48 | €79,278 | €19,341 | -€59,937 | -75.6% |
| Accrued charges and deferred income | 492/3 | €47,114 | €32,998 | -€14,117 | -30.0% |
| Remuneration, social security and pensions | 62 | €31,861 | €34,833 | +€2,972 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,409 | €101,670 | -€19,740 | -16.3% |
| Other operating charges | 640/8 | €22,117 | €18,396 | -€3,721 | -16.8% |
| Gross operating margin | 9900 | €151,243 | €193,731 | +€42,489 | +28.1% |
| Operating profit (loss) | 9901 | -€24,145 | €38,832 | +€62,977 | |
| Financial charges | 65/66B | €46,648 | €32,988 | -€13,660 | -29.3% |
| Recurring financial charges | 65 | €46,648 | €32,988 | -€13,660 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€70,792 | €5,844 | +€76,637 | |
| Transfer from deferred taxes | 780 | €632 | €42,942 | +€42,310 | +6,693% |
| Income taxes | 67/77 | €575 | €7,574 | +€7,000 | +1,218% |
| Profit (loss) for the period | 9904 | -€70,735 | €41,212 | +€111,947 | |
| Transfer from tax-exempt reserves | 789 | €942 | €130,244 | +€129,302 | +13,732% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,793 | €171,456 | +€241,249 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.