BERGHMAN: 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.
BERGHMAN
Largest movements
- Receivables within one year +€37,610
up €37,610 (+169%), from €22,236 to €59,847
of which Trade receivables: +€38,433
- Cash -€10,217
down €10,217 (-12.1%), from €84,299 to €74,081
mainly Receivables within one year (-€37,610) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets +€1,637
up €1,637 (+57.7%), from €2,839 to €4,477
- Profit (loss) carried forward +€28,513
up €28,513 (+73.2%), from €38,942 to €67,455
- Trade debts +€2,324
up €2,324 (+19.4%), from €11,986 to €14,311
- Gross operating margin -€6,507
down €6,507 (-8.6%), from €75,552 to €69,045
- Taxes +€2,922
up €2,922 (+19.8%), from €14,793 to €17,715
- Depreciation +€893
up €893 (+78.3%), from €1,140 to €2,033
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 | €112,063 | €142,386 | +€30,323 | +27.1% |
| Fixed assets | 21/28 | €2,839 | €4,477 | +€1,637 | +57.7% |
| Tangible fixed assets | 22/27 | €2,839 | €4,477 | +€1,637 | +57.7% |
| Furniture and vehicles | 24 | €2,839 | €4,477 | +€1,637 | +57.7% |
| Current assets | 29/58 | €109,224 | €137,909 | +€28,685 | +26.3% |
| Amounts receivable within one year | 40/41 | €22,236 | €59,847 | +€37,610 | +169% |
| Trade receivables | 40 | €17,801 | €56,234 | +€38,433 | +216% |
| Other amounts receivable | 41 | €4,435 | €3,613 | -€822 | -18.5% |
| Cash at bank and in hand | 54/58 | €84,299 | €74,081 | -€10,217 | -12.1% |
| Deferred charges and accrued income | 490/1 | €2,689 | €3,981 | +€1,292 | +48.1% |
| Total equity and liabilities | 10/49 | €112,063 | €142,386 | +€30,323 | +27.1% |
| Equity | 10/15 | €68,219 | €96,731 | +€28,513 | +41.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,276 | €24,276 | = | 0.0% |
| Distributable reserves | 133 | €24,276 | €24,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,942 | €67,455 | +€28,513 | +73.2% |
| Amounts payable | 17/49 | €43,844 | €45,655 | +€1,810 | +4.1% |
| Amounts payable within one year | 42/48 | €42,984 | €45,593 | +€2,609 | +6.1% |
| Trade debts | 44 | €11,986 | €14,311 | +€2,324 | +19.4% |
| Suppliers | 440/4 | €11,986 | €14,311 | +€2,324 | +19.4% |
| Taxes, remuneration and social security | 45 | €7,943 | €8,207 | +€264 | +3.3% |
| Taxes | 450/3 | €7,943 | €8,207 | +€264 | +3.3% |
| Other amounts payable | 47/48 | €23,054 | €23,075 | +€21 | +0.1% |
| Accrued charges and deferred income | 492/3 | €861 | €62 | -€799 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,140 | €2,033 | +€893 | +78.3% |
| Other operating charges | 640/8 | €505 | €699 | +€194 | +38.4% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €75,552 | €69,045 | -€6,507 | -8.6% |
| Operating profit (loss) | 9901 | €73,856 | €66,313 | -€7,544 | -10.2% |
| Financial income | 75/76B | €1 | €31 | +€30 | +5,819% |
| Recurring financial income | 75 | €1 | €31 | +€30 | +5,819% |
| Financial charges | 65/66B | €121 | €116 | -€6 | -4.5% |
| Recurring financial charges | 65 | €121 | €116 | -€6 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €73,735 | €66,227 | -€7,508 | -10.2% |
| Income taxes | 67/77 | €14,793 | €17,715 | +€2,922 | +19.8% |
| Profit (loss) for the period | 9904 | €58,942 | €48,513 | -€10,430 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,942 | €48,513 | -€10,430 | -17.7% |
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 22 October 2026 via checked.be.