Bernadette & Fabrice: 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.
Bernadette & Fabrice
Largest movements
- Stocks and contracts -€250,457
down €250,457 (-54.6%), from €458,649 to €208,192
- Cash +€72,312
up €72,312 (+40.4%), from €179,140 to €251,452
mainly Stocks and contracts (+€250,457) and Debts after one year (+€80,000)
- Receivables within one year -€19,290
down €19,290 (-33.7%), from €57,177 to €37,888
of which Other amounts receivable: -€13,552
- Tangible fixed assets -€10,608
down €10,608 (-29.1%), from €36,515 to €25,907
- Other debts -€277,994
down €277,994 (-97.4%), from €285,387 to €7,393
- Debts after one year +€80,000
new in 2025: €80,000
- Trade debts -€16,195
down €16,195 (-28.2%), from €57,524 to €41,329
- Reserves +€15,935
up €15,935 (+4.6%), from €345,966 to €361,902
- Tax, wage and social debts -€10,164
down €10,164 (-32.3%), from €31,465 to €21,301
of which Taxes: -€10,210
- Gross operating margin +€8,288
up €8,288 (+4.8%), from €171,991 to €180,279
- Staff costs -€6,284
down €6,284 (-4.8%), from €129,731 to €123,446
- Depreciation -€5,991
down €5,991 (-25.8%), from €23,249 to €17,258
- Other operating charges +€4,047
up €4,047 (+72.6%), from €5,573 to €9,619
- Taxes +€3,589
up €3,589 (+244%), from €1,469 to €5,058
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 | €732,742 | €524,324 | -€208,418 | -28.4% |
| Fixed assets | 21/28 | €37,362 | €26,566 | -€10,796 | -28.9% |
| Intangible fixed assets | 21 | €564 | €376 | -€188 | -33.3% |
| Tangible fixed assets | 22/27 | €36,515 | €25,907 | -€10,608 | -29.1% |
| Plant, machinery and equipment | 23 | €10,130 | €4,925 | -€5,205 | -51.4% |
| Furniture and vehicles | 24 | €6,948 | €6,102 | -€846 | -12.2% |
| Other tangible fixed assets | 26 | €19,437 | €14,880 | -€4,557 | -23.4% |
| Financial fixed assets | 28 | €283 | €283 | = | 0.0% |
| Current assets | 29/58 | €695,380 | €497,758 | -€197,621 | -28.4% |
| Stocks and contracts in progress | 3 | €458,649 | €208,192 | -€250,457 | -54.6% |
| Stocks | 30/36 | €458,649 | €208,192 | -€250,457 | -54.6% |
| Amounts receivable within one year | 40/41 | €57,177 | €37,888 | -€19,290 | -33.7% |
| Trade receivables | 40 | €43,460 | €37,722 | -€5,738 | -13.2% |
| Other amounts receivable | 41 | €13,718 | €166 | -€13,552 | -98.8% |
| Cash at bank and in hand | 54/58 | €179,140 | €251,452 | +€72,312 | +40.4% |
| Deferred charges and accrued income | 490/1 | €413 | €226 | -€187 | -45.2% |
| Total equity and liabilities | 10/49 | €732,742 | €524,324 | -€208,418 | -28.4% |
| Equity | 10/15 | €358,366 | €374,302 | +€15,935 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €345,966 | €361,902 | +€15,935 | +4.6% |
| Distributable reserves | 133 | €345,966 | €361,902 | +€15,935 | +4.6% |
| Amounts payable | 17/49 | €374,375 | €150,022 | -€224,353 | -59.9% |
| Amounts payable after more than one year | 17 | - | €80,000 | +€80,000 | |
| Other amounts payable | 178/9 | - | €80,000 | +€80,000 | |
| Amounts payable within one year | 42/48 | €374,375 | €70,022 | -€304,353 | -81.3% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €57,524 | €41,329 | -€16,195 | -28.2% |
| Suppliers | 440/4 | €57,524 | €41,329 | -€16,195 | -28.2% |
| Taxes, remuneration and social security | 45 | €31,465 | €21,301 | -€10,164 | -32.3% |
| Taxes | 450/3 | €16,050 | €5,839 | -€10,210 | -63.6% |
| Remuneration and social security | 454/9 | €15,415 | €15,461 | +€46 | +0.3% |
| Other amounts payable | 47/48 | €285,387 | €7,393 | -€277,994 | -97.4% |
| Remuneration, social security and pensions | 62 | €129,731 | €123,446 | -€6,284 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,249 | €17,258 | -€5,991 | -25.8% |
| Other operating charges | 640/8 | €5,573 | €9,619 | +€4,047 | +72.6% |
| Gross operating margin | 9900 | €171,991 | €180,279 | +€8,288 | +4.8% |
| Operating profit (loss) | 9901 | €13,439 | €29,956 | +€16,517 | +123% |
| Financial income | 75/76B | €1,086 | €673 | -€412 | -38.0% |
| Recurring financial income | 75 | €549 | €673 | +€125 | +22.7% |
| Non-recurring financial income | 76B | €537 | - | -€537 | |
| Financial charges | 65/66B | €11,954 | €9,636 | -€2,318 | -19.4% |
| Recurring financial charges | 65 | €11,954 | €9,636 | -€2,318 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €2,570 | €20,994 | +€18,423 | +717% |
| Income taxes | 67/77 | €1,469 | €5,058 | +€3,589 | +244% |
| Profit (loss) for the period | 9904 | €1,101 | €15,935 | +€14,834 | +1,347% |
| Profit (loss) for the period to be appropriated | 9905 | €1,101 | €15,935 | +€14,834 | +1,347% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.