BERNARD INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€905,026
down €905,026 (-74.5%), from €1.2m to €309,950
of which Land and buildings: -€905,026
- Stocks and contracts +€905,026
new in 2025: €905,026
- Profit (loss) carried forward -€145,202
down €145,202 (-19.1%), from -€761,483 to -€906,685
- Other debts +€97,245
up €97,245 (+4.0%), from €2.4m to €2.5m
- Trade debts +€45,678
up €45,678 (+16.8%), from €272,277 to €317,956
- Gross operating margin -€27,669
down €27,669 (-630%), from -€4,393 to -€32,062
- Financial charges -€11,116
down €11,116 (-9.0%), from €123,646 to €112,530
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 | €1,997,977 | €1,995,069 | -€2,908 | -0.1% |
| Fixed assets | 21/28 | €1,974,544 | €1,069,518 | -€905,026 | -45.8% |
| Tangible fixed assets | 22/27 | €1,214,977 | €309,950 | -€905,026 | -74.5% |
| Land and buildings | 22 | €905,026 | - | -€905,026 | |
| Assets under construction and advance payments | 27 | €309,950 | €309,950 | = | 0.0% |
| Financial fixed assets | 28 | €759,568 | €759,568 | = | 0.0% |
| Current assets | 29/58 | €23,432 | €925,551 | +€902,119 | +3,850% |
| Stocks and contracts in progress | 3 | - | €905,026 | +€905,026 | |
| Stocks | 30/36 | - | €905,026 | +€905,026 | |
| Amounts receivable within one year | 40/41 | €18,811 | €20,350 | +€1,539 | +8.2% |
| Other amounts receivable | 41 | €18,811 | €20,350 | +€1,539 | +8.2% |
| Cash at bank and in hand | 54/58 | €4,621 | €174 | -€4,447 | -96.2% |
| Total equity and liabilities | 10/49 | €1,997,977 | €1,995,069 | -€2,908 | -0.1% |
| Equity | 10/15 | -€699,983 | -€845,185 | -€145,202 | -20.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €38,500 | €38,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€761,483 | -€906,685 | -€145,202 | -19.1% |
| Amounts payable | 17/49 | €2,697,960 | €2,840,254 | +€142,294 | +5.3% |
| Amounts payable within one year | 42/48 | €2,697,330 | €2,840,254 | +€142,924 | +5.3% |
| Trade debts | 44 | €272,277 | €317,956 | +€45,678 | +16.8% |
| Suppliers | 440/4 | €272,277 | €317,956 | +€45,678 | +16.8% |
| Other amounts payable | 47/48 | €2,425,053 | €2,522,298 | +€97,245 | +4.0% |
| Accrued charges and deferred income | 492/3 | €630 | - | -€630 | |
| Other operating charges | 640/8 | €435 | €614 | +€179 | +41.1% |
| Gross operating margin | 9900 | -€4,393 | -€32,062 | -€27,669 | -630% |
| Operating profit (loss) | 9901 | -€4,827 | -€32,675 | -€27,848 | -577% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €123,646 | €112,530 | -€11,116 | -9.0% |
| Recurring financial charges | 65 | €123,646 | €112,530 | -€11,116 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€128,474 | -€145,202 | -€16,728 | -13.0% |
| Profit (loss) for the period | 9904 | -€128,474 | -€145,202 | -€16,728 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,474 | -€145,202 | -€16,728 | -13.0% |
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 26 October 2026 via checked.be.