BERNARD GUSTIN SRL: 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 GUSTIN SRL
Largest movements
- Cash +€429,502
up €429,502 (+30.7%), from €1.4m to €1.8m
mainly Net result for the year (+€326,020) and Current investments (+€153,917)
- Current investments -€153,917
down €153,917 (-2.8%), from €5.5m to €5.3m
- Reserves +€326,020
up €326,020 (+7.1%), from €4.6m to €4.9m
of which Distributable reserves: +€393,380
- Gross operating margin -€444,376
down €444,376 (-50.2%), from €884,886 to €440,510
- Taxes -€55,085
down €55,085 (-18.9%), from €291,834 to €236,749
- Financial income -€38,578
down €38,578 (-21.7%), from €177,740 to €139,161
- Financial charges +€12,022
up €12,022, from -€10,426 to €1,595
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 | €7,310,975 | €7,633,757 | +€322,782 | +4.4% |
| Fixed assets | 21/28 | €322,043 | €333,927 | +€11,885 | +3.7% |
| Tangible fixed assets | 22/27 | €32,479 | €19,364 | -€13,115 | -40.4% |
| Plant, machinery and equipment | 23 | €6,759 | €869 | -€5,890 | -87.1% |
| Furniture and vehicles | 24 | €9,721 | €2,496 | -€7,225 | -74.3% |
| Other tangible fixed assets | 26 | €15,999 | €15,999 | = | 0.0% |
| Financial fixed assets | 28 | €289,564 | €314,564 | +€25,000 | +8.6% |
| Current assets | 29/58 | €6,988,932 | €7,299,830 | +€310,897 | +4.4% |
| Amounts receivable within one year | 40/41 | €137,982 | €173,942 | +€35,960 | +26.1% |
| Trade receivables | 40 | €88,382 | €173,942 | +€85,560 | +96.8% |
| Other amounts receivable | 41 | €49,600 | - | -€49,600 | |
| Current investments | 50/53 | €5,451,439 | €5,297,522 | -€153,917 | -2.8% |
| Cash at bank and in hand | 54/58 | €1,398,064 | €1,827,566 | +€429,502 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,448 | €801 | -€648 | -44.7% |
| Total equity and liabilities | 10/49 | €7,310,975 | €7,633,757 | +€322,782 | +4.4% |
| Equity | 10/15 | €6,868,508 | €7,255,417 | +€386,909 | +5.6% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Revaluation surpluses | 12 | €243,730 | €304,619 | +€60,889 | +25.0% |
| Reserves | 13 | €4,579,543 | €4,905,563 | +€326,020 | +7.1% |
| Tax-exempt reserves | 132 | €378,900 | €311,540 | -€67,360 | -17.8% |
| Distributable reserves | 133 | €4,200,643 | €4,594,023 | +€393,380 | +9.4% |
| Profit (loss) carried forward | 14 | €2,030,975 | €2,030,975 | = | 0.0% |
| Amounts payable | 17/49 | €442,468 | €378,340 | -€64,128 | -14.5% |
| Amounts payable within one year | 42/48 | €434,968 | €378,340 | -€56,628 | -13.0% |
| Trade debts | 44 | €4,337 | €2,638 | -€1,699 | -39.2% |
| Suppliers | 440/4 | €4,337 | €2,638 | -€1,699 | -39.2% |
| Taxes, remuneration and social security | 45 | €179,144 | €115,419 | -€63,724 | -35.6% |
| Taxes | 450/3 | €156,644 | €115,419 | -€41,224 | -26.3% |
| Remuneration and social security | 454/9 | €22,500 | - | -€22,500 | |
| Other amounts payable | 47/48 | €251,487 | €260,283 | +€8,796 | +3.5% |
| Accrued charges and deferred income | 492/3 | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,976 | €14,308 | +€332 | +2.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €884,886 | €440,510 | -€444,376 | -50.2% |
| Operating profit (loss) | 9901 | €869,942 | €425,203 | -€444,739 | -51.1% |
| Financial income | 75/76B | €177,740 | €139,161 | -€38,578 | -21.7% |
| Recurring financial income | 75 | €177,740 | €139,161 | -€38,578 | -21.7% |
| Financial charges | 65/66B | -€10,426 | €1,595 | +€12,022 | |
| Recurring financial charges | 65 | -€10,426 | €1,595 | +€12,022 | |
| Profit (loss) for the period before taxes | 9903 | €1,058,108 | €562,769 | -€495,339 | -46.8% |
| Income taxes | 67/77 | €291,834 | €236,749 | -€55,085 | -18.9% |
| Profit (loss) for the period | 9904 | €766,274 | €326,020 | -€440,254 | -57.5% |
| Transfer from tax-exempt reserves | 789 | - | €210,500 | +€210,500 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | €143,140 | +€58,940 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €682,074 | €393,380 | -€288,694 | -42.3% |
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 28 October 2026 via checked.be.