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.
BERNARD
Largest movements
- Stocks and contracts +€80,920
up €80,920 (+3.5%), from €2.3m to €2.4m
- Short-term financial debts +€97,500
up €97,500 (+4.5%), from €2.2m to €2.3m
of which Other loans: +€97,500
- Gross operating margin -€5,458
down €5,458 (-136.2%), from -€4,007 to -€9,465
- Financial charges +€5,308
up €5,308 (+118.9%), from €4,463 to €9,771
- Other operating charges -€1,896
down €1,896 (-57.6%), from €3,291 to €1,394
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 | €2,293,320 | €2,375,097 | +€81,778 | +3.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €2,293,320 | €2,375,097 | +€81,778 | +3.6% |
| Stocks and contracts in progress | 3 | €2,290,361 | €2,371,280 | +€80,920 | +3.5% |
| Stocks | 30/36 | €2,290,361 | €2,371,280 | +€80,920 | +3.5% |
| Cash at bank and in hand | 54/58 | €2,485 | €3,198 | +€713 | +28.7% |
| Deferred charges and accrued income | 490/1 | €474 | €619 | +€145 | +30.7% |
| Total equity and liabilities | 10/49 | €2,293,320 | €2,375,097 | +€81,778 | +3.6% |
| Equity | 10/15 | €108,244 | €87,636 | -€20,607 | -19.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,756 | -€37,364 | -€20,607 | -123.0% |
| Amounts payable | 17/49 | €2,185,076 | €2,287,461 | +€102,385 | +4.7% |
| Amounts payable within one year | 42/48 | €2,181,754 | €2,280,028 | +€98,274 | +4.5% |
| Financial debts | 43 | €2,181,300 | €2,278,800 | +€97,500 | +4.5% |
| Credit institutions | 430/8 | €1,846,800 | €1,846,800 | = | 0.0% |
| Other loans | 439 | €334,500 | €432,000 | +€97,500 | +29.1% |
| Trade debts | 44 | €174 | €1,228 | +€1,054 | +606.0% |
| Suppliers | 440/4 | €174 | €1,228 | +€1,054 | +606.0% |
| Taxes, remuneration and social security | 45 | €280 | €0 | -€280 | -100.0% |
| Taxes | 450/3 | €280 | €0 | -€280 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,322 | €7,433 | +€4,111 | +123.8% |
| Other operating charges | 640/8 | €3,291 | €1,394 | -€1,896 | -57.6% |
| Gross operating margin | 9900 | -€4,007 | -€9,465 | -€5,458 | -136.2% |
| Operating profit (loss) | 9901 | -€7,298 | -€10,860 | -€3,562 | -48.8% |
| Financial income | 75/76B | €0 | €24 | +€24 | |
| Recurring financial income | 75 | €0 | €24 | +€24 | |
| Financial charges | 65/66B | €4,463 | €9,771 | +€5,308 | +118.9% |
| Recurring financial charges | 65 | €4,463 | €9,771 | +€5,308 | +118.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,761 | -€20,607 | -€8,846 | -75.2% |
| Profit (loss) for the period | 9904 | -€11,761 | -€20,607 | -€8,846 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,761 | -€20,607 | -€8,846 | -75.2% |
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 29 September 2026 via checked.be.