BERNARD CONSTRUCTION: what changed
What changed
BERNARD CONSTRUCTION
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€497,989
2024 · -€6.7m+€7.2m
Equity
€1.0m
2024 · -€6.5m+€7.5m
Cash
€1.4m
2024 · €1.1m+€284,885
Balance sheet total
€24.6m
2024 · €13.1m+€11.5m
Largest movements
Assets
- Receivables within one year +€9.9m
up €9.9m (+104%), from €9.5m to €19.5m
of which Other amounts receivable: +€5.8m
- Stocks and contracts +€1.2m
up €1.2m (+121%), from €961,097 to €2.1m
of which Contracts in progress: +€1.2m
- Cash +€284,885
up €284,885 (+25.6%), from €1.1m to €1.4m
mainly Contributions, distributions and other (+€7.0m) and Trade debts (+€5.1m)
Equity and liabilities
- Contributions +€7.0m
up €7.0m (+653%), from €1.1m to €8.1m
- Trade debts +€5.1m
up €5.1m (+89.1%), from €5.8m to €10.9m
- Debts after one year -€4.3m
down €4.3m (-98.6%), from €4.3m to €60,130
- Advances received +€2.2m
new in 2025: €2.2m
- Other debts +€913,731
up €913,731 (+12.9%), from €7.1m to €8.0m
Income statement
- Turnover +€12.5m
up €12.5m (+70.5%), from €17.8m to €30.3m
- Goods and materials +€7.7m
up €7.7m (+49.4%), from €15.6m to €23.3m
of which Purchases: +€8.0m
- Write-downs -€1.3m
down €1.3m, from €829,235 to -€447,899
- Other operating charges -€332,496
down €332,496 (-71.2%), from €466,972 to €134,476
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€6.7m
Turnover
+€12.5m
Other operating income
+€73,399
Goods and materials
-€7.7m
Services and other goods
-€205,107
Staff costs
-€168,943
Depreciation
+€130,116
Write-downs
+€1.3m
Provisions
+€246,257
Other operating charges
+€332,496
Other operating items
+€619,830
Financial income
+€35,381
Financial charges
-€169,760
Taxes
+€162,560
Result 2025
€497,989
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.3m
Investment
-€111,318
Financing
+€2.7m
Cash 2024
€1.1m
From operations (derived)
-€2.3m
Net result for the year
+€497,989
Depreciation
+€137,980
Stocks and contracts
-€1.2m
Receivables within one year
-€9.9m
Deferred charges and accrued income
-€143,960
Provisions
+€59,899
Trade debts
+€5.1m
Smaller working-capital items
+€9,027
Advances received
+€2.2m
Other debts
+€913,731
Investment (derived)
-€111,318
Investment in fixed assets (net)
-€111,318
Financing
+€2.7m
Debts after one year
-€4.3m
Current portion of long-term debt
-€57,267
Short-term financial debts
+€36,333
Contributions, distributions and other
+€7.0m
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,101,603 | €24,607,872 | +€11.5m | +87.8% |
| Fixed assets | 21/28 | €1,484,559 | €1,457,897 | -€26,663 | -1.8% |
| Tangible fixed assets | 22/27 | €827,115 | €743,108 | -€84,007 | -10.2% |
| Land and buildings | 22 | €610,519 | €597,200 | -€13,319 | -2.2% |
| Plant, machinery and equipment | 23 | €191,497 | €120,460 | -€71,038 | -37.1% |
| Furniture and vehicles | 24 | €11,028 | €25,448 | +€14,421 | +131% |
| Leasing and similar rights | 25 | €14,071 | €0 | -€14,071 | -100% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €657,444 | €714,788 | +€57,344 | +8.7% |
| Companies linked by participating interests | 282/3 | €1,040 | €1,040 | = | 0.0% |
| Participating interests | 282 | €1,040 | €1,040 | = | 0.0% |
| Other financial fixed assets | 284/8 | €656,404 | €713,748 | +€57,344 | +8.7% |
| Amounts receivable and cash guarantees | 285/8 | €656,404 | €713,748 | +€57,344 | +8.7% |
| Current assets | 29/58 | €11,617,044 | €23,149,976 | +€11.5m | +99.3% |
| Stocks and contracts in progress | 3 | €961,097 | €2,126,500 | +€1.2m | +121% |
| Stocks | 30/36 | €426,500 | €426,500 | = | 0.0% |
| Property held for sale | 35 | €426,500 | €426,500 | = | 0.0% |
| Contracts in progress | 37 | €534,597 | €1,700,000 | +€1.2m | +218% |
| Amounts receivable within one year | 40/41 | €9,514,796 | €19,453,479 | +€9.9m | +104% |
| Trade receivables | 40 | €7,180,099 | €11,367,902 | +€4.2m | +58.3% |
| Other amounts receivable | 41 | €2,334,697 | €8,085,577 | +€5.8m | +246% |
| Cash at bank and in hand | 54/58 | €1,110,998 | €1,395,884 | +€284,885 | +25.6% |
| Deferred charges and accrued income | 490/1 | €30,152 | €174,113 | +€143,960 | +477% |
| Total equity and liabilities | 10/49 | €13,101,603 | €24,607,872 | +€11.5m | +87.8% |
| Equity | 10/15 | -€6,462,411 | €1,035,578 | +€7.5m | |
| Contributions | 10/11 | €1,072,000 | €8,072,000 | +€7.0m | +653% |
| Capital | 10 | €1,072,000 | €8,072,000 | +€7.0m | +653% |
| Issued capital | 100 | €1,072,000 | €8,072,000 | +€7.0m | +653% |
| Revaluation surpluses | 12 | €258,355 | €258,355 | = | 0.0% |
| Reserves | 13 | €10,750 | €10,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,750 | €10,750 | = | 0.0% |
| Legal reserve | 130 | €10,750 | €10,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,803,515 | -€7,305,527 | +€497,989 | +6.4% |
| Provisions and deferred taxes | 16 | €421,570 | €481,469 | +€59,899 | +14.2% |
| Provisions for liabilities and charges | 160/5 | €421,570 | €481,469 | +€59,899 | +14.2% |
| Major repairs and maintenance | 162 | €130,101 | €0 | -€130,101 | -100% |
| Environmental obligations | 163 | €291,469 | - | -€291,469 | |
| Other liabilities and charges | 164/5 | - | €481,469 | +€481,469 | |
| Amounts payable | 17/49 | €19,142,444 | €23,090,825 | +€3.9m | +20.6% |
| Amounts payable after more than one year | 17 | €4,316,333 | €60,130 | -€4.3m | -98.6% |
| Financial debts | 170/4 | €4,316,333 | €60,130 | -€4.3m | -98.6% |
| Subordinated loans | 170 | €4,196,862 | €0 | -€4.2m | -100% |
| Leasing and similar obligations | 172 | €119,472 | €60,130 | -€59,342 | -49.7% |
| Amounts payable within one year | 42/48 | €14,816,856 | €23,028,572 | +€8.2m | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €114,496 | €57,229 | -€57,267 | -50.0% |
| Financial debts | 43 | €1,565,667 | €1,602,000 | +€36,333 | +2.3% |
| Credit institutions | 430/8 | €1,565,667 | €1,602,000 | +€36,333 | +2.3% |
| Trade debts | 44 | €5,754,671 | €10,881,004 | +€5.1m | +89.1% |
| Suppliers | 440/4 | €5,754,671 | €10,881,004 | +€5.1m | +89.1% |
| Advances received on contracts in progress | 46 | - | €2,176,427 | +€2.2m | |
| Taxes, remuneration and social security | 45 | €313,931 | €330,088 | +€16,157 | +5.1% |
| Taxes | 450/3 | €64,429 | €89,483 | +€25,054 | +38.9% |
| Remuneration and social security | 454/9 | €249,502 | €240,605 | -€8,897 | -3.6% |
| Other amounts payable | 47/48 | €7,068,093 | €7,981,823 | +€913,731 | +12.9% |
| Accrued charges and deferred income | 492/3 | €9,254 | €2,124 | -€7,130 | -77.0% |
| Operating income | 70/76A | €16,625,363 | €29,734,071 | +€13.1m | +78.8% |
| Turnover | 70 | €17,783,086 | €30,328,194 | +€12.5m | +70.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,951,980 | -€1,461,778 | +€490,202 | +25.1% |
| Other operating income | 74 | €794,257 | €867,656 | +€73,399 | +9.2% |
| Operating charges | 60/66A | €22,735,865 | €28,683,775 | +€5.9m | +26.2% |
| Goods for resale, raw materials and consumables | 60 | €15,580,967 | €23,270,456 | +€7.7m | +49.4% |
| Purchases | 600/8 | €15,309,378 | €23,270,456 | +€8.0m | +52.0% |
| Change in stocks: decrease (increase) | 609 | €271,589 | €0 | -€271,589 | -100% |
| Services and other goods | 61 | €2,289,789 | €2,494,896 | +€205,107 | +9.0% |
| Remuneration, social security and pensions | 62 | €2,863,640 | €3,032,583 | +€168,943 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,096 | €137,980 | -€130,116 | -48.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €829,235 | -€447,899 | -€1.3m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €306,156 | €59,899 | -€246,257 | -80.4% |
| Other operating charges | 640/8 | €466,972 | €134,476 | -€332,496 | -71.2% |
| Non-recurring operating charges | 66A | €131,010 | €1,383 | -€129,628 | -98.9% |
| Operating profit (loss) | 9901 | -€6,110,502 | €1,050,297 | +€7.2m | |
| Financial income | 75/76B | €107,768 | €143,149 | +€35,381 | +32.8% |
| Recurring financial income | 75 | €107,768 | €143,149 | +€35,381 | +32.8% |
| Income from current assets | 751 | €107,768 | €131,319 | +€23,550 | +21.9% |
| Other financial income | 752/9 | - | €11,831 | +€11,831 | |
| Financial charges | 65/66B | €529,214 | €698,974 | +€169,760 | +32.1% |
| Recurring financial charges | 65 | €529,214 | €698,974 | +€169,760 | +32.1% |
| Debt charges | 650 | €500,005 | €606,127 | +€106,122 | +21.2% |
| Other financial charges | 652/9 | €29,209 | €92,847 | +€63,638 | +218% |
| Profit (loss) for the period before taxes | 9903 | -€6,531,949 | €494,472 | +€7.0m | |
| Income taxes | 67/77 | €159,043 | -€3,517 | -€162,560 | |
| Taxes | 670/3 | €159,043 | €4,376 | -€154,666 | -97.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €7,893 | +€7,893 | |
| Profit (loss) for the period | 9904 | -€6,690,991 | €497,989 | +€7.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,690,991 | €497,989 | +€7.2m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.