BCM BERNARDI: 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.
BCM BERNARDI
Largest movements
- Stocks and contracts -€31,283
down €31,283 (-18.7%), from €166,995 to €135,713
- Cash +€13,128
up €13,128 (+5.4%), from €242,274 to €255,402
mainly Stocks and contracts (+€31,283) and Short-term financial debts (+€1,486)
- Deferred charges and accrued income +€7,884
new in 2025: €7,884
- Profit (loss) carried forward -€9,300
down €9,300 (-17.0%), from -€54,831 to -€64,131
- Gross operating margin +€30,053
up €30,053, from -€5,565 to €24,488
- Staff costs +€13,937
up €13,937 (+72.2%), from €19,312 to €33,249
- Depreciation -€7,588
down €7,588 (-93.1%), from €8,150 to €562
- Financial income +€2,215
up €2,215 (+69.6%), from €3,182 to €5,397
- Financial charges -€741
down €741 (-34.5%), from €2,146 to €1,405
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 | €445,979 | €435,589 | -€10,390 | -2.3% |
| Fixed assets | 21/28 | €15,211 | €14,648 | -€562 | -3.7% |
| Tangible fixed assets | 22/27 | €15,026 | €14,464 | -€562 | -3.7% |
| Land and buildings | 22 | €14,135 | €14,135 | = | 0.0% |
| Furniture and vehicles | 24 | €535 | €213 | -€322 | -60.1% |
| Other tangible fixed assets | 26 | €356 | €115 | -€241 | -67.6% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €430,769 | €420,941 | -€9,828 | -2.3% |
| Stocks and contracts in progress | 3 | €166,995 | €135,713 | -€31,283 | -18.7% |
| Stocks | 30/36 | €166,995 | €135,713 | -€31,283 | -18.7% |
| Amounts receivable within one year | 40/41 | €18,464 | €18,908 | +€443 | +2.4% |
| Trade receivables | 40 | €17,850 | €17,223 | -€627 | -3.5% |
| Other amounts receivable | 41 | €615 | €1,685 | +€1,070 | +174% |
| Current investments | 50/53 | €3,034 | €3,034 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €242,274 | €255,402 | +€13,128 | +5.4% |
| Deferred charges and accrued income | 490/1 | - | €7,884 | +€7,884 | |
| Total equity and liabilities | 10/49 | €445,979 | €435,589 | -€10,390 | -2.3% |
| Equity | 10/15 | €406,398 | €397,098 | -€9,300 | -2.3% |
| Contributions | 10/11 | €378,476 | €378,476 | = | 0.0% |
| Reserves | 13 | €82,753 | €82,753 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,504 | €46,504 | = | 0.0% |
| Distributable reserves | 133 | €36,249 | €36,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,831 | -€64,131 | -€9,300 | -17.0% |
| Amounts payable | 17/49 | €39,582 | €38,491 | -€1,090 | -2.8% |
| Amounts payable within one year | 42/48 | €39,347 | €38,491 | -€856 | -2.2% |
| Financial debts | 43 | €11,390 | €12,876 | +€1,486 | +13.0% |
| Credit institutions | 430/8 | €11,390 | €12,876 | +€1,486 | +13.0% |
| Trade debts | 44 | €7,127 | €4,987 | -€2,140 | -30.0% |
| Suppliers | 440/4 | €7,127 | €4,987 | -€2,140 | -30.0% |
| Taxes, remuneration and social security | 45 | €6,042 | €7,013 | +€970 | +16.1% |
| Taxes | 450/3 | €3,336 | €5,140 | +€1,804 | +54.1% |
| Remuneration and social security | 454/9 | €2,707 | €1,873 | -€833 | -30.8% |
| Other amounts payable | 47/48 | €14,787 | €13,615 | -€1,172 | -7.9% |
| Accrued charges and deferred income | 492/3 | €235 | - | -€235 | |
| Remuneration, social security and pensions | 62 | €19,312 | €33,249 | +€13,937 | +72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,150 | €562 | -€7,588 | -93.1% |
| Other operating charges | 640/8 | €3,234 | €3,751 | +€517 | +16.0% |
| Gross operating margin | 9900 | -€5,565 | €24,488 | +€30,053 | |
| Operating profit (loss) | 9901 | -€36,261 | -€13,074 | +€23,187 | +63.9% |
| Financial income | 75/76B | €3,182 | €5,397 | +€2,215 | +69.6% |
| Recurring financial income | 75 | €3,182 | €5,397 | +€2,215 | +69.6% |
| Financial charges | 65/66B | €2,146 | €1,405 | -€741 | -34.5% |
| Recurring financial charges | 65 | €2,146 | €1,405 | -€741 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,224 | -€9,081 | +€26,143 | +74.2% |
| Income taxes | 67/77 | €178 | €218 | +€40 | +22.4% |
| Profit (loss) for the period | 9904 | -€35,403 | -€9,300 | +€26,103 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,403 | -€9,300 | +€26,103 | +73.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.