Bernard & Partners: 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 & Partners
Largest movements
- Cash +€20,383
up €20,383 (+71.6%), from €28,485 to €48,869
mainly Net result for the year (+€40,883) and Depreciation (+€12,835)
- Receivables within one year -€6,590
down €6,590 (-18.7%), from €35,332 to €28,742
of which Trade receivables: -€7,794
- Tangible fixed assets -€4,294
down €4,294 (-7.3%), from €59,153 to €54,859
of which Furniture and vehicles: -€3,221
- Reserves +€34,333
up €34,333 (+43.8%), from €78,338 to €112,670
- Other debts -€20,323
down €20,323 (-65.4%), from €31,076 to €10,753
- Tax, wage and social debts -€3,459
down €3,459 (-34.4%), from €10,047 to €6,587
- Gross operating margin +€22,289
up €22,289 (+49.5%), from €45,013 to €67,302
- Taxes +€3,268
up €3,268 (+44.6%), from €7,332 to €10,601
- Other operating charges +€1,897
up €1,897 (+199%), from €952 to €2,849
- Depreciation +€937
up €937 (+7.9%), from €11,898 to €12,835
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 | €124,407 | €134,243 | +€9,836 | +7.9% |
| Fixed assets | 21/28 | €59,303 | €55,009 | -€4,294 | -7.2% |
| Tangible fixed assets | 22/27 | €59,153 | €54,859 | -€4,294 | -7.3% |
| Plant, machinery and equipment | 23 | €5,802 | €7,107 | +€1,305 | +22.5% |
| Furniture and vehicles | 24 | €12,496 | €9,275 | -€3,221 | -25.8% |
| Other tangible fixed assets | 26 | €40,855 | €38,477 | -€2,378 | -5.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €65,104 | €79,234 | +€14,130 | +21.7% |
| Amounts receivable within one year | 40/41 | €35,332 | €28,742 | -€6,590 | -18.7% |
| Trade receivables | 40 | €32,268 | €24,474 | -€7,794 | -24.2% |
| Other amounts receivable | 41 | €3,064 | €4,267 | +€1,203 | +39.3% |
| Cash at bank and in hand | 54/58 | €28,485 | €48,869 | +€20,383 | +71.6% |
| Deferred charges and accrued income | 490/1 | €1,287 | €1,624 | +€337 | +26.2% |
| Total equity and liabilities | 10/49 | €124,407 | €134,243 | +€9,836 | +7.9% |
| Equity | 10/15 | €81,338 | €115,670 | +€34,333 | +42.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €78,338 | €112,670 | +€34,333 | +43.8% |
| Distributable reserves | 133 | €78,338 | €112,670 | +€34,333 | +43.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,069 | €18,573 | -€24,496 | -56.9% |
| Amounts payable within one year | 42/48 | €42,069 | €17,573 | -€24,496 | -58.2% |
| Trade debts | 44 | €946 | €233 | -€714 | -75.4% |
| Suppliers | 440/4 | €946 | €233 | -€714 | -75.4% |
| Taxes, remuneration and social security | 45 | €10,047 | €6,587 | -€3,459 | -34.4% |
| Taxes | 450/3 | €10,047 | €6,587 | -€3,459 | -34.4% |
| Other amounts payable | 47/48 | €31,076 | €10,753 | -€20,323 | -65.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,898 | €12,835 | +€937 | +7.9% |
| Other operating charges | 640/8 | €952 | €2,849 | +€1,897 | +199% |
| Gross operating margin | 9900 | €45,013 | €67,302 | +€22,289 | +49.5% |
| Operating profit (loss) | 9901 | €32,163 | €51,618 | +€19,456 | +60.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +25.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +25.0% |
| Financial charges | 65/66B | €126 | €135 | +€9 | +7.6% |
| Recurring financial charges | 65 | €126 | €135 | +€9 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €32,037 | €51,483 | +€19,446 | +60.7% |
| Income taxes | 67/77 | €7,332 | €10,601 | +€3,268 | +44.6% |
| Profit (loss) for the period | 9904 | €24,705 | €40,883 | +€16,178 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,705 | €40,883 | +€16,178 | +65.5% |
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 25 October 2026 via checked.be.