BERNARD OCKIER: 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 OCKIER
Largest movements
- Receivables within one year +€151,439
up €151,439 (+77.1%), from €196,495 to €347,934
of which Trade receivables: +€103,715
- Tangible fixed assets +€122,026
up €122,026 (+54.9%), from €222,419 to €344,446
of which Furniture and vehicles: +€107,407
- Stocks and contracts +€10,000
up €10,000 (+14.7%), from €67,850 to €77,850
of which Contracts in progress: +€10,000
- Debts after one year +€111,158
up €111,158 (+12,916%), from €861 to €112,019
- Trade debts +€91,419
up €91,419 (+43.9%), from €208,429 to €299,849
- Tax, wage and social debts +€44,243
up €44,243 (+193%), from €22,902 to €67,145
of which Remuneration and social security: +€45,831
- Current portion of long-term debt +€26,744
up €26,744 (+288%), from €9,294 to €36,039
- Reserves +€22,900
up €22,900 (+13.9%), from €164,742 to €187,642
of which Distributable reserves: +€22,900
- Gross operating margin +€111,080
up €111,080 (+16.8%), from €659,993 to €771,072
- Staff costs +€79,301
up €79,301 (+14.2%), from €558,558 to €637,858
- Depreciation +€28,420
up €28,420 (+60.9%), from €46,655 to €75,076
- Other operating charges -€8,969
down €8,969 (-35.3%), from €25,399 to €16,430
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 | €503,234 | €788,732 | +€285,499 | +56.7% |
| Fixed assets | 21/28 | €235,388 | €355,779 | +€120,391 | +51.1% |
| Tangible fixed assets | 22/27 | €222,419 | €344,446 | +€122,026 | +54.9% |
| Land and buildings | 22 | €126,102 | €120,312 | -€5,790 | -4.6% |
| Plant, machinery and equipment | 23 | €14,402 | €39,115 | +€24,713 | +172% |
| Furniture and vehicles | 24 | €68,947 | €176,353 | +€107,407 | +156% |
| Leasing and similar rights | 25 | €12,968 | €8,665 | -€4,303 | -33.2% |
| Financial fixed assets | 28 | €12,969 | €11,334 | -€1,636 | -12.6% |
| Current assets | 29/58 | €267,846 | €432,953 | +€165,108 | +61.6% |
| Stocks and contracts in progress | 3 | €67,850 | €77,850 | +€10,000 | +14.7% |
| Stocks | 30/36 | €17,850 | €17,850 | = | 0.0% |
| Contracts in progress | 37 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Amounts receivable within one year | 40/41 | €196,495 | €347,934 | +€151,439 | +77.1% |
| Trade receivables | 40 | €166,270 | €269,984 | +€103,715 | +62.4% |
| Other amounts receivable | 41 | €30,225 | €77,950 | +€47,725 | +158% |
| Cash at bank and in hand | 54/58 | €13 | €13 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,488 | €7,156 | +€3,669 | +105% |
| Total equity and liabilities | 10/49 | €503,234 | €788,732 | +€285,499 | +56.7% |
| Equity | 10/15 | €240,110 | €262,010 | +€21,900 | +9.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €164,742 | €187,642 | +€22,900 | +13.9% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €157,305 | €180,205 | +€22,900 | +14.6% |
| Investment grants | 15 | €1,000 | - | -€1,000 | |
| Amounts payable | 17/49 | €263,124 | €526,722 | +€263,598 | +100% |
| Amounts payable after more than one year | 17 | €861 | €112,019 | +€111,158 | +12,916% |
| Financial debts | 170/4 | €861 | €112,019 | +€111,158 | +12,916% |
| Amounts payable within one year | 42/48 | €260,376 | €413,975 | +€153,599 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €9,294 | €36,039 | +€26,744 | +288% |
| Financial debts | 43 | €2,888 | €7,218 | +€4,330 | +150% |
| Credit institutions | 430/8 | €2,888 | €7,218 | +€4,330 | +150% |
| Trade debts | 44 | €208,429 | €299,849 | +€91,419 | +43.9% |
| Suppliers | 440/4 | €208,429 | €299,849 | +€91,419 | +43.9% |
| Taxes, remuneration and social security | 45 | €22,902 | €67,145 | +€44,243 | +193% |
| Taxes | 450/3 | €4,188 | €2,600 | -€1,588 | -37.9% |
| Remuneration and social security | 454/9 | €18,713 | €64,545 | +€45,831 | +245% |
| Other amounts payable | 47/48 | €16,862 | €3,724 | -€13,138 | -77.9% |
| Accrued charges and deferred income | 492/3 | €1,887 | €729 | -€1,159 | -61.4% |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Remuneration, social security and pensions | 62 | €558,558 | €637,858 | +€79,301 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,655 | €75,076 | +€28,420 | +60.9% |
| Other operating charges | 640/8 | €25,399 | €16,430 | -€8,969 | -35.3% |
| Gross operating margin | 9900 | €659,993 | €771,072 | +€111,080 | +16.8% |
| Operating profit (loss) | 9901 | €29,381 | €41,709 | +€12,328 | +42.0% |
| Financial income | 75/76B | €1,243 | €1,092 | -€151 | -12.1% |
| Recurring financial income | 75 | €1,243 | €1,092 | -€151 | -12.1% |
| Financial charges | 65/66B | €8,874 | €11,766 | +€2,892 | +32.6% |
| Recurring financial charges | 65 | €8,874 | €11,766 | +€2,892 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €21,750 | €31,034 | +€9,285 | +42.7% |
| Income taxes | 67/77 | €3,889 | €8,134 | +€4,246 | +109% |
| Profit (loss) for the period | 9904 | €17,861 | €22,900 | +€5,039 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,861 | €22,900 | +€5,039 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.