BRM.RO · BVB
Bermas: financial statements
Financially weak · see the checkFigures in RON, fiscal years
Revenue and net income
Operating and free cash flow
Margins
Returns
Income statement
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Revenue | 29.0M RON | 28.7M RON | 30.1M RON | 34.1M RON | 40.0M RON | 39.7M RON | -1% |
| Operating income | 2.9M RON | 3.1M RON | 3.0M RON | 2.9M RON | 3.4M RON | 3.3M RON | -4% |
| EBITDA | 4.6M RON | 4.8M RON | 4.7M RON | 5.1M RON | 5.2M RON | 4.9M RON | -5% |
| Interest expense | 1.2M RON | 1.1M RON | 1.3M RON | 1.5M RON | 1.6M RON | 1.7M RON | +4% |
| Profit before tax | 1.7M RON | 2.0M RON | 1.7M RON | 1.3M RON | 1.8M RON | 1.6M RON | -12% |
| Income tax | 46.6K RON | 284K RON | 238K RON | 176K RON | 214K RON | 227K RON | +6% |
| Net income | 1.7M RON | 1.7M RON | 1.5M RON | 1.2M RON | 1.6M RON | 1.4M RON | -14% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.7M RON | 2.1M RON | -2.9M RON | 3.0M RON | 5.7M RON | 2.8M RON | -50% |
| Capital expenditure | 2.9M RON | 1.1M RON | 754K RON | 880K RON | 906K RON | 715K RON | -21% |
| Free cash flow | -147K RON | 1000K RON | -3.7M RON | 2.1M RON | 4.8M RON | 2.1M RON | -55% |
| Depreciation & amortization | 1.7M RON | 1.7M RON | 1.7M RON | 2.3M RON | 1.7M RON | 1.6M RON | -8% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 17.7K RON | 9.7K RON | 12.0K RON | 14.1K RON | 22.5K RON | 25.6K RON | +14% |
| Inventory | 16.5M RON | 17.8M RON | 23.2M RON | 23.6M RON | 21.5M RON | 24.1M RON | +12% |
| Current assets | 18.4M RON | 19.9M RON | 26.6M RON | 27.0M RON | 25.1M RON | 26.6M RON | +6% |
| Total assets | 33.2M RON | 33.8M RON | 39.5M RON | 38.9M RON | 36.2M RON | 36.7M RON | +2% |
| Current liabilities | 7.3M RON | 8.5M RON | 15.6M RON | 15.0M RON | 12.1M RON | 12.8M RON | +6% |
| Financial debt | 6.1M RON | 6.5M RON | 11.9M RON | 11.6M RON | 8.4M RON | 8.0M RON | -5% |
| Total liabilities | 9.5M RON | 9.8M RON | 16.0M RON | 15.2M RON | 12.3M RON | 13.0M RON | +5% |
| Shareholders' equity | 23.8M RON | 24.0M RON | 23.5M RON | 23.7M RON | 23.8M RON | 23.7M RON | -0% |
| Net debt | 6.1M RON | 6.5M RON | 11.9M RON | 11.6M RON | 8.4M RON | 8.0M RON | -5% |
Dividend profile
- Paying in a row
- 6+ years
- Raised in a row
- 0 years
- Growth per year
- n/a
- Paid out of profit
- 93.2%
- Paid out of free cash
- 43.2%
Without share prices EdgeScore shows no dividend yield.
Dividends
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Dividends paid | 1.5M RON | 1.3M RON | 1.4M RON | 1.3M RON | 1.3M RON | 1.3M RON | +4% |
| Dividends / net income | 91.5% | 79.8% | 98.0% | 113.2% | 78.0% | 94.5% | |
| Dividends / free cash flow | — | 133.3% | — | 61.2% | 26.7% | 61.9% |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Operating margin | 10.0% | 10.7% | 9.8% | 8.4% | 8.6% | 8.3% | |
| Net margin | 5.7% | 5.8% | 4.9% | 3.4% | 4.1% | 3.5% | |
| Return on equity | 7.0% | 7.0% | 6.2% | 4.9% | 6.8% | 5.9% | |
| Return on assets | 5.0% | 4.9% | 3.7% | 3.0% | 4.5% | 3.8% | |
| Return on invested capital | 9.5% | 8.7% | 7.7% | 7.0% | 9.0% | 8.9% | |
| Debt / equity | 0.26 | 0.27 | 0.51 | 0.49 | 0.35 | 0.34 | |
| Net debt / EBITDA | 1.3x | 1.4x | 2.5x | 2.2x | 1.6x | 1.6x | |
| Interest coverage | 2.4x | 2.7x | 2.3x | 1.9x | 2.1x | 2.0x | |
| Current ratio | 2.53 | 2.34 | 1.71 | 1.80 | 2.07 | 2.08 | |
| Quick ratio | 0.27 | 0.24 | 0.22 | 0.23 | 0.29 | 0.20 |
Data source: Bucharest Stock Exchange (ESEF), company annual reports. Lines a company does not report are left empty. Free cash flow is operating cash flow minus capital expenditure. Ratios use the same formulas as the EdgeScore check.
For information and education only. Not investment advice. Data may contain errors.