BERNAERT & C°: 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.
BERNAERT & C°
Largest movements
- Stocks and contracts +€35,299
up €35,299 (+24.3%), from €145,028 to €180,327
- Cash +€5,585
up €5,585 (+11.0%), from €50,686 to €56,271
mainly Net result for the year (+€15,703) and Trade debts (+€13,906)
- Receivables within one year -€5,200
down €5,200 (-3.1%), from €169,898 to €164,697
of which Trade receivables: -€9,966
- Reserves +€15,703
up €15,703 (+5.1%), from €309,375 to €325,077
of which Distributable reserves: +€15,703
- Trade debts +€13,906
up €13,906 (+363%), from €3,832 to €17,738
- Gross operating margin -€5,216
down €5,216 (-13.3%), from €39,285 to €34,069
- Depreciation -€3,574
down €3,574 (-25.2%), from €14,194 to €10,620
- Taxes -€913
down €913 (-11.7%), from €7,825 to €6,913
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 | €380,895 | €413,273 | +€32,378 | +8.5% |
| Fixed assets | 21/28 | €14,908 | €11,198 | -€3,710 | -24.9% |
| Tangible fixed assets | 22/27 | €14,908 | €11,198 | -€3,710 | -24.9% |
| Land and buildings | 22 | €2,057 | €1,671 | -€386 | -18.8% |
| Plant, machinery and equipment | 23 | €105 | €4,745 | +€4,640 | +4,438% |
| Furniture and vehicles | 24 | €12,746 | €4,782 | -€7,964 | -62.5% |
| Current assets | 29/58 | €365,986 | €402,074 | +€36,088 | +9.9% |
| Stocks and contracts in progress | 3 | €145,028 | €180,327 | +€35,299 | +24.3% |
| Stocks | 30/36 | €145,028 | €180,327 | +€35,299 | +24.3% |
| Amounts receivable within one year | 40/41 | €169,898 | €164,697 | -€5,200 | -3.1% |
| Trade receivables | 40 | €161,999 | €152,033 | -€9,966 | -6.2% |
| Other amounts receivable | 41 | €7,898 | €12,664 | +€4,766 | +60.3% |
| Cash at bank and in hand | 54/58 | €50,686 | €56,271 | +€5,585 | +11.0% |
| Deferred charges and accrued income | 490/1 | €375 | €779 | +€404 | +108% |
| Total equity and liabilities | 10/49 | €380,895 | €413,273 | +€32,378 | +8.5% |
| Equity | 10/15 | €331,010 | €346,713 | +€15,703 | +4.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €309,375 | €325,077 | +€15,703 | +5.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €11,876 | €11,876 | = | 0.0% |
| Distributable reserves | 133 | €297,499 | €313,201 | +€15,703 | +5.3% |
| Profit (loss) carried forward | 14 | €2,635 | €2,635 | = | 0.0% |
| Provisions and deferred taxes | 16 | €24,697 | €24,697 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,697 | €24,697 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,697 | €24,697 | = | 0.0% |
| Amounts payable | 17/49 | €25,188 | €41,863 | +€16,675 | +66.2% |
| Amounts payable within one year | 42/48 | €24,599 | €40,582 | +€15,982 | +65.0% |
| Trade debts | 44 | €3,832 | €17,738 | +€13,906 | +363% |
| Suppliers | 440/4 | €3,832 | €17,738 | +€13,906 | +363% |
| Taxes, remuneration and social security | 45 | €15,495 | €16,968 | +€1,473 | +9.5% |
| Taxes | 450/3 | €15,495 | €16,968 | +€1,473 | +9.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,272 | €5,875 | +€603 | +11.4% |
| Accrued charges and deferred income | 492/3 | €588 | €1,282 | +€693 | +118% |
| Remuneration, social security and pensions | 62 | €318 | €0 | -€318 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,194 | €10,620 | -€3,574 | -25.2% |
| Other operating charges | 640/8 | €2,487 | €2,828 | +€341 | +13.7% |
| Gross operating margin | 9900 | €39,285 | €34,069 | -€5,216 | -13.3% |
| Operating profit (loss) | 9901 | €22,285 | €20,620 | -€1,664 | -7.5% |
| Financial income | 75/76B | €3,281 | €3,404 | +€123 | +3.7% |
| Recurring financial income | 75 | €3,281 | €3,404 | +€123 | +3.7% |
| Financial charges | 65/66B | €1,330 | €1,409 | +€79 | +6.0% |
| Recurring financial charges | 65 | €1,330 | €1,409 | +€79 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €24,236 | €22,615 | -€1,621 | -6.7% |
| Income taxes | 67/77 | €7,825 | €6,913 | -€913 | -11.7% |
| Profit (loss) for the period | 9904 | €16,411 | €15,703 | -€708 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,411 | €15,703 | -€708 | -4.3% |
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 21 October 2026 via checked.be.