BERGHS: what changed
BERGHS
Largest movements
- Tangible fixed assets -€33,416
down €33,416 (-20.3%), from €164,662 to €131,246
of which Land and buildings: -€24,804
- Cash -€26,843
down €26,843 (-60.7%), from €44,195 to €17,352
mainly Contributions, distributions and other (-€130,427) and Current portion of long-term debt (-€24,954)
- Deferred charges and accrued income +€24,832
up €24,832 (+47.4%), from €52,376 to €77,208
- Receivables within one year -€23,636
down €23,636 (-27.9%), from €84,803 to €61,167
of which Trade receivables: -€26,050
- Reserves -€123,530
down €123,530 (-50.8%), from €243,083 to €119,553
- Other debts +€110,437
up €110,437 (+30,780%), from €359 to €110,796
- Current portion of long-term debt -€24,954
down €24,954 (-56.8%), from €43,951 to €18,997
- Debts after one year -€17,570
down €17,570 (-56.1%), from €31,307 to €13,737
- Gross operating margin -€9,045
down €9,045 (-11.9%), from €75,982 to €66,937
- Financial charges -€4,660
down €4,660 (-63.1%), from €7,389 to €2,729
of which Financial charges: -€4,410
- Taxes -€2,683
down €2,683 (-38.9%), from €6,888 to €4,205
- Depreciation -€1,578
down €1,578 (-3.2%), from €48,551 to €46,973
- Financial income -€1,271
down €1,271 (-64.5%), from €1,969 to €698
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,437 | €287,374 | -€59,063 | -17.0% |
| Fixed assets | 21/28 | €165,062 | €131,646 | -€33,416 | -20.2% |
| Tangible fixed assets | 22/27 | €164,662 | €131,246 | -€33,416 | -20.3% |
| Land and buildings | 22 | €130,521 | €105,717 | -€24,804 | -19.0% |
| Plant, machinery and equipment | 23 | €2,105 | €4,210 | +€2,105 | +100.0% |
| Furniture and vehicles | 24 | €6,141 | €11,960 | +€5,820 | +94.8% |
| Leasing and similar rights | 25 | €25,895 | €9,359 | -€16,536 | -63.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €181,375 | €155,727 | -€25,647 | -14.1% |
| Amounts receivable within one year | 40/41 | €84,803 | €61,167 | -€23,636 | -27.9% |
| Trade receivables | 40 | €58,821 | €32,771 | -€26,050 | -44.3% |
| Other amounts receivable | 41 | €25,982 | €28,397 | +€2,414 | +9.3% |
| Cash at bank and in hand | 54/58 | €44,195 | €17,352 | -€26,843 | -60.7% |
| Deferred charges and accrued income | 490/1 | €52,376 | €77,208 | +€24,832 | +47.4% |
| Total equity and liabilities | 10/49 | €346,437 | €287,374 | -€59,063 | -17.0% |
| Equity | 10/15 | €261,683 | €138,153 | -€123,530 | -47.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,083 | €119,553 | -€123,530 | -50.8% |
| Distributable reserves | 133 | €243,083 | €119,553 | -€123,530 | -50.8% |
| Amounts payable | 17/49 | €84,753 | €149,220 | +€64,467 | +76.1% |
| Amounts payable after more than one year | 17 | €31,307 | €13,737 | -€17,570 | -56.1% |
| Financial debts | 170/4 | €31,307 | €13,737 | -€17,570 | -56.1% |
| Amounts payable within one year | 42/48 | €53,165 | €135,349 | +€82,185 | +155% |
| Current portion of amounts payable after more than one year | 42 | €43,951 | €18,997 | -€24,954 | -56.8% |
| Financial debts | 43 | €3,396 | - | -€3,396 | |
| Credit institutions | 430/8 | €3,396 | - | -€3,396 | |
| Trade debts | 44 | €4,754 | €5,556 | +€802 | +16.9% |
| Suppliers | 440/4 | €4,754 | €5,556 | +€802 | +16.9% |
| Taxes, remuneration and social security | 45 | €706 | - | -€706 | |
| Taxes | 450/3 | €706 | - | -€706 | |
| Other amounts payable | 47/48 | €359 | €110,796 | +€110,437 | +30,780% |
| Accrued charges and deferred income | 492/3 | €282 | €134 | -€148 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,551 | €46,973 | -€1,578 | -3.2% |
| Other operating charges | 640/8 | €6,469 | €6,830 | +€361 | +5.6% |
| Gross operating margin | 9900 | €75,982 | €66,937 | -€9,045 | -11.9% |
| Operating profit (loss) | 9901 | €20,961 | €13,133 | -€7,828 | -37.3% |
| Financial income | 75/76B | €1,969 | €698 | -€1,271 | -64.5% |
| Recurring financial income | 75 | €1,969 | €698 | -€1,271 | -64.5% |
| Financial charges | 65/66B | €7,389 | €2,729 | -€4,660 | -63.1% |
| Recurring financial charges | 65 | €7,139 | €2,729 | -€4,410 | -61.8% |
| Non-recurring financial charges | 66B | €250 | - | -€250 | |
| Profit (loss) for the period before taxes | 9903 | €15,542 | €11,102 | -€4,440 | -28.6% |
| Income taxes | 67/77 | €6,888 | €4,205 | -€2,683 | -38.9% |
| Profit (loss) for the period | 9904 | €8,654 | €6,897 | -€1,757 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,654 | €6,897 | -€1,757 | -20.3% |
Next steps
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 3 November 2026 via checked.be.