Arnaud BERNARD: 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.
Arnaud BERNARD
Largest movements
- Cash -€15,762
down €15,762 (-59.0%), from €26,698 to €10,936
mainly Debts after one year (-€12,600) and Receivables within one year (-€11,900)
- Receivables within one year +€11,900
up €11,900 (+418.9%), from €2,840 to €14,740
of which Other amounts receivable: +€6,157
- Tangible fixed assets -€2,189
down €2,189 (-37.2%), from €5,890 to €3,701
of which Plant, machinery and equipment: -€1,416
- Debts after one year -€12,600
no longer reported in 2025 (was €12,600)
- Other debts +€6,306
up €6,306 (+199.2%), from €3,165 to €9,472
- Trade debts +€4,784
up €4,784 (+220.3%), from €2,172 to €6,956
- Tax, wage and social debts -€4,404
no longer reported in 2025 (was €4,404)
- Gross operating margin -€21,880
down €21,880 (-87.5%), from €25,007 to €3,128
- Taxes -€4,047
down €4,047 (-90.9%), from €4,452 to €405
- Depreciation +€508
up €508 (+30.2%), from €1,681 to €2,189
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 | €41,383 | €35,310 | -€6,073 | -14.7% |
| Fixed assets | 21/28 | €5,890 | €3,701 | -€2,189 | -37.2% |
| Tangible fixed assets | 22/27 | €5,890 | €3,701 | -€2,189 | -37.2% |
| Plant, machinery and equipment | 23 | €4,700 | €3,284 | -€1,416 | -30.1% |
| Furniture and vehicles | 24 | €1,191 | €417 | -€774 | -65.0% |
| Current assets | 29/58 | €35,492 | €31,608 | -€3,884 | -10.9% |
| Stocks and contracts in progress | 3 | €4,500 | €4,100 | -€400 | -8.9% |
| Stocks | 30/36 | €4,500 | €4,100 | -€400 | -8.9% |
| Amounts receivable within one year | 40/41 | €2,840 | €14,740 | +€11,900 | +418.9% |
| Trade receivables | 40 | €342 | €6,085 | +€5,743 | +1679.9% |
| Other amounts receivable | 41 | €2,499 | €8,656 | +€6,157 | +246.4% |
| Cash at bank and in hand | 54/58 | €26,698 | €10,936 | -€15,762 | -59.0% |
| Deferred charges and accrued income | 490/1 | €1,454 | €1,832 | +€378 | +26.0% |
| Total equity and liabilities | 10/49 | €41,383 | €35,310 | -€6,073 | -14.7% |
| Equity | 10/15 | €19,041 | €18,882 | -€159 | -0.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,041 | €6,882 | -€159 | -2.3% |
| Amounts payable | 17/49 | €22,341 | €16,427 | -€5,914 | -26.5% |
| Amounts payable after more than one year | 17 | €12,600 | - | -€12,600 | |
| Other amounts payable | 178/9 | €12,600 | - | -€12,600 | |
| Amounts payable within one year | 42/48 | €9,741 | €16,427 | +€6,686 | +68.6% |
| Trade debts | 44 | €2,172 | €6,956 | +€4,784 | +220.3% |
| Suppliers | 440/4 | €2,172 | €6,956 | +€4,784 | +220.3% |
| Taxes, remuneration and social security | 45 | €4,404 | - | -€4,404 | |
| Taxes | 450/3 | €4,404 | - | -€4,404 | |
| Other amounts payable | 47/48 | €3,165 | €9,472 | +€6,306 | +199.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,681 | €2,189 | +€508 | +30.2% |
| Other operating charges | 640/8 | €282 | €460 | +€178 | +63.4% |
| Non-recurring operating charges | 66A | €2,374 | - | -€2,374 | |
| Gross operating margin | 9900 | €25,007 | €3,128 | -€21,880 | -87.5% |
| Operating profit (loss) | 9901 | €20,671 | €478 | -€20,193 | -97.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €24 | €232 | +€208 | +868.5% |
| Recurring financial charges | 65 | €24 | €232 | +€208 | +868.5% |
| Profit (loss) for the period before taxes | 9903 | €20,647 | €246 | -€20,401 | -98.8% |
| Income taxes | 67/77 | €4,452 | €405 | -€4,047 | -90.9% |
| Profit (loss) for the period | 9904 | €16,195 | -€159 | -€16,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,195 | -€159 | -€16,354 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.