BERNARD BACQ: 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.
BERNARD BACQ
Largest movements
- Current investments -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Tangible fixed assets -€5,471
down €5,471 (-18.3%), from €29,963 to €24,492
of which Land and buildings: -€3,991
- Cash +€4,322
up €4,322 (+21.4%), from €20,211 to €24,533
mainly Current investments (+€25,000) and Depreciation (+€5,471)
- Receivables within one year +€1,345
up €1,345 (+19.1%), from €7,051 to €8,396
of which Trade receivables: +€1,691
- Profit (loss) carried forward -€13,381
down €13,381 (-55.4%), from -€24,142 to -€37,523
- Debts after one year -€8,662
down €8,662 (-27.9%), from €31,009 to €22,347
- Tax, wage and social debts -€5,764
down €5,764 (-99.7%), from €5,780 to €16
- Current portion of long-term debt +€4,396
new in 2025: €4,396
- Gross operating margin +€4,835
up €4,835 (+43.0%), from -€11,241 to -€6,406
- Taxes -€4,430
down €4,430 (-90.2%), from €4,910 to €480
- Financial income +€1,490
up €1,490 (+1,342%), from €111 to €1,601
- Depreciation -€962
down €962 (-15.0%), from €6,433 to €5,471
- Other operating charges +€288
up €288 (+29.9%), from €963 to €1,251
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 | €108,530 | €84,340 | -€24,190 | -22.3% |
| Fixed assets | 21/28 | €30,061 | €24,590 | -€5,471 | -18.2% |
| Tangible fixed assets | 22/27 | €29,963 | €24,492 | -€5,471 | -18.3% |
| Land and buildings | 22 | €23,943 | €19,952 | -€3,991 | -16.7% |
| Plant, machinery and equipment | 23 | €895 | €441 | -€454 | -50.7% |
| Furniture and vehicles | 24 | €5,125 | €4,099 | -€1,026 | -20.0% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €78,469 | €59,750 | -€18,719 | -23.9% |
| Amounts receivable within one year | 40/41 | €7,051 | €8,396 | +€1,345 | +19.1% |
| Trade receivables | 40 | €5,975 | €7,666 | +€1,691 | +28.3% |
| Other amounts receivable | 41 | €1,076 | €730 | -€346 | -32.2% |
| Current investments | 50/53 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €20,211 | €24,533 | +€4,322 | +21.4% |
| Deferred charges and accrued income | 490/1 | €1,207 | €1,821 | +€614 | +50.9% |
| Total equity and liabilities | 10/49 | €108,530 | €84,340 | -€24,190 | -22.3% |
| Equity | 10/15 | €66,414 | €53,033 | -€13,381 | -20.1% |
| Contributions | 10/11 | €12,501 | €12,501 | = | 0.0% |
| Reserves | 13 | €78,055 | €78,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €76,200 | €76,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,142 | -€37,523 | -€13,381 | -55.4% |
| Amounts payable | 17/49 | €42,116 | €31,307 | -€10,809 | -25.7% |
| Amounts payable after more than one year | 17 | €31,009 | €22,347 | -€8,662 | -27.9% |
| Financial debts | 170/4 | €31,009 | €22,347 | -€8,662 | -27.9% |
| Amounts payable within one year | 42/48 | €11,107 | €8,960 | -€2,147 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,396 | +€4,396 | |
| Trade debts | 44 | €2,440 | €1,972 | -€468 | -19.2% |
| Suppliers | 440/4 | €2,440 | €1,972 | -€468 | -19.2% |
| Taxes, remuneration and social security | 45 | €5,780 | €16 | -€5,764 | -99.7% |
| Taxes | 450/3 | €5,780 | €16 | -€5,764 | -99.7% |
| Other amounts payable | 47/48 | €2,887 | €2,576 | -€311 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,433 | €5,471 | -€962 | -15.0% |
| Other operating charges | 640/8 | €963 | €1,251 | +€288 | +29.9% |
| Gross operating margin | 9900 | -€11,241 | -€6,406 | +€4,835 | +43.0% |
| Operating profit (loss) | 9901 | -€18,637 | -€13,128 | +€5,509 | +29.6% |
| Financial income | 75/76B | €111 | €1,601 | +€1,490 | +1,342% |
| Recurring financial income | 75 | €111 | €1,601 | +€1,490 | +1,342% |
| Financial charges | 65/66B | €1,472 | €1,374 | -€98 | -6.7% |
| Recurring financial charges | 65 | €1,472 | €1,374 | -€98 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,998 | -€12,901 | +€7,097 | +35.5% |
| Income taxes | 67/77 | €4,910 | €480 | -€4,430 | -90.2% |
| Profit (loss) for the period | 9904 | -€24,908 | -€13,381 | +€11,527 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,908 | -€13,381 | +€11,527 | +46.3% |
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 23 October 2026 via checked.be.