BERNARD 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.
BERNARD C.
Largest movements
- Tangible fixed assets -€60,320
down €60,320 (-15.5%), from €388,335 to €328,014
of which Furniture and vehicles: -€57,304
- Receivables within one year +€52,244
up €52,244 (+65.8%), from €79,348 to €131,593
of which Trade receivables: +€39,224
- Cash -€47,761
down €47,761 (-21.9%), from €218,118 to €170,357
mainly Debts after one year (-€67,508) and Receivables within one year (-€52,244)
- Stocks and contracts +€18,035
up €18,035 (+6.2%), from €292,855 to €310,890
- Debts after one year -€67,508
down €67,508 (-21.1%), from €319,839 to €252,331
- Trade debts +€28,358
up €28,358 (+85.5%), from €33,174 to €61,533
- Tax, wage and social debts +€13,945
up €13,945 (+45.2%), from €30,855 to €44,800
of which Taxes: +€12,413
- Other debts -€13,437
down €13,437 (-6.5%), from €207,489 to €194,052
- Profit (loss) carried forward +€11,018
up €11,018 (+5.3%), from €206,337 to €217,356
- Gross operating margin -€50,034
down €50,034 (-15.3%), from €327,846 to €277,812
- Taxes -€12,925
down €12,925 (-77.3%), from €16,718 to €3,794
- Staff costs +€4,689
up €4,689 (+3.2%), from €148,539 to €153,228
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 | €1,000,052 | €962,695 | -€37,356 | -3.7% |
| Fixed assets | 21/28 | €388,495 | €328,174 | -€60,320 | -15.5% |
| Tangible fixed assets | 22/27 | €388,335 | €328,014 | -€60,320 | -15.5% |
| Land and buildings | 22 | €191,129 | €171,015 | -€20,114 | -10.5% |
| Plant, machinery and equipment | 23 | €22,094 | €39,697 | +€17,603 | +79.7% |
| Furniture and vehicles | 24 | €172,695 | €115,392 | -€57,304 | -33.2% |
| Other tangible fixed assets | 26 | €2,417 | €1,912 | -€505 | -20.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €611,557 | €634,521 | +€22,964 | +3.8% |
| Stocks and contracts in progress | 3 | €292,855 | €310,890 | +€18,035 | +6.2% |
| Stocks | 30/36 | €292,855 | €310,890 | +€18,035 | +6.2% |
| Amounts receivable within one year | 40/41 | €79,348 | €131,593 | +€52,244 | +65.8% |
| Trade receivables | 40 | €60,514 | €99,738 | +€39,224 | +64.8% |
| Other amounts receivable | 41 | €18,834 | €31,855 | +€13,021 | +69.1% |
| Cash at bank and in hand | 54/58 | €218,118 | €170,357 | -€47,761 | -21.9% |
| Deferred charges and accrued income | 490/1 | €21,235 | €21,682 | +€447 | +2.1% |
| Total equity and liabilities | 10/49 | €1,000,052 | €962,695 | -€37,356 | -3.7% |
| Equity | 10/15 | €322,083 | €330,487 | +€8,404 | +2.6% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €53,720 | €53,720 | = | 0.0% |
| Distributable reserves | 133 | €53,720 | €53,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,337 | €217,356 | +€11,018 | +5.3% |
| Investment grants | 15 | €24,826 | €22,212 | -€2,614 | -10.5% |
| Amounts payable | 17/49 | €677,968 | €632,208 | -€45,760 | -6.7% |
| Amounts payable after more than one year | 17 | €319,839 | €252,331 | -€67,508 | -21.1% |
| Financial debts | 170/4 | €319,839 | €252,331 | -€67,508 | -21.1% |
| Amounts payable within one year | 42/48 | €355,707 | €377,986 | +€22,279 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €84,189 | €77,600 | -€6,588 | -7.8% |
| Trade debts | 44 | €33,174 | €61,533 | +€28,358 | +85.5% |
| Suppliers | 440/4 | €33,174 | €61,533 | +€28,358 | +85.5% |
| Taxes, remuneration and social security | 45 | €30,855 | €44,800 | +€13,945 | +45.2% |
| Taxes | 450/3 | €22,960 | €35,373 | +€12,413 | +54.1% |
| Remuneration and social security | 454/9 | €7,895 | €9,427 | +€1,532 | +19.4% |
| Other amounts payable | 47/48 | €207,489 | €194,052 | -€13,437 | -6.5% |
| Accrued charges and deferred income | 492/3 | €2,422 | €1,891 | -€531 | -21.9% |
| Remuneration, social security and pensions | 62 | €148,539 | €153,228 | +€4,689 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,088 | €91,198 | -€1,890 | -2.0% |
| Other operating charges | 640/8 | €11,584 | €11,281 | -€303 | -2.6% |
| Gross operating margin | 9900 | €327,846 | €277,812 | -€50,034 | -15.3% |
| Operating profit (loss) | 9901 | €74,635 | €22,105 | -€52,530 | -70.4% |
| Financial income | 75/76B | €2,776 | €2,774 | -€2 | -0.1% |
| Recurring financial income | 75 | €2,776 | €2,774 | -€2 | -0.1% |
| Financial charges | 65/66B | €11,588 | €10,067 | -€1,521 | -13.1% |
| Recurring financial charges | 65 | €11,588 | €10,067 | -€1,521 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €65,823 | €14,812 | -€51,011 | -77.5% |
| Income taxes | 67/77 | €16,718 | €3,794 | -€12,925 | -77.3% |
| Profit (loss) for the period | 9904 | €49,105 | €11,018 | -€38,086 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,105 | €11,018 | -€38,086 | -77.6% |
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 11 October 2026 via checked.be.