BERNARDFAGNE: 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.
BERNARDFAGNE
Largest movements
- Tangible fixed assets +€294,322
up €294,322 (+118%), from €249,515 to €543,836
of which Land and buildings: +€330,439
- Cash +€248,246
up €248,246 (+237%), from €104,919 to €353,165
mainly Debts after one year (+€274,700) and Debts within one year (+€187,076)
- Debts after one year +€274,700
up €274,700 (+904%), from €30,379 to €305,079
- Debts within one year +€187,076
up €187,076 (+132%), from €142,037 to €329,113
- Reserves +€79,789
up €79,789 (+9.3%), from €861,706 to €941,495
- Purchases and services +€591,149
new in 2025: €591,149
- Gross operating margin +€243,826
up €243,826 (+83.3%), from €292,864 to €536,690
- Staff costs +€90,347
up €90,347 (+34.7%), from €260,410 to €350,758
- Turnover +€21,697
new in 2025: €21,697
- Depreciation +€14,037
up €14,037 (+22.3%), from €62,828 to €76,865
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 | €1,080,009 | €1,622,211 | +€542,202 | +50.2% |
| Fixed assets | 21/28 | €359,664 | €653,985 | +€294,322 | +81.8% |
| Tangible fixed assets | 22/27 | €249,515 | €543,836 | +€294,322 | +118% |
| Land and buildings | 22 | €76,841 | €407,280 | +€330,439 | +430% |
| Plant, machinery and equipment | 23 | €95,436 | €80,059 | -€15,376 | -16.1% |
| Furniture and vehicles | 24 | €77,238 | €56,497 | -€20,741 | -26.9% |
| Financial fixed assets | 28 | €110,149 | €110,149 | = | 0.0% |
| Current assets | 29/58 | €720,345 | €968,225 | +€247,880 | +34.4% |
| Stocks and contracts in progress | 3 | €6,365 | €8,456 | +€2,092 | +32.9% |
| Stocks | 30/36 | €6,365 | €8,456 | +€2,092 | +32.9% |
| Amounts receivable within one year | 40/41 | €387,435 | €378,598 | -€8,837 | -2.3% |
| Trade receivables | 40 | €180,973 | €297,613 | +€116,641 | +64.5% |
| Other amounts receivable | 41 | €206,462 | €80,984 | -€125,478 | -60.8% |
| Current investments | 50/53 | €195,763 | €195,763 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,919 | €353,165 | +€248,246 | +237% |
| Deferred charges and accrued income | 490/1 | €25,864 | €32,243 | +€6,380 | +24.7% |
| Total equity and liabilities | 10/49 | €1,080,009 | €1,622,211 | +€542,202 | +50.2% |
| Equity | 10/15 | €907,593 | €987,381 | +€79,789 | +8.8% |
| Contributions | 10/11 | €45,886 | €45,886 | = | 0.0% |
| Capital | 10 | €45,886 | €45,886 | = | 0.0% |
| Reserves | 13 | €861,706 | €941,495 | +€79,789 | +9.3% |
| Amounts payable | 17/49 | €172,416 | €634,830 | +€462,413 | +268% |
| Amounts payable after more than one year | 17 | €30,379 | €305,079 | +€274,700 | +904% |
| Financial debts | 170/4 | €30,379 | €305,079 | +€274,700 | +904% |
| Amounts payable within one year | 42/48 | €142,037 | €329,113 | +€187,076 | +132% |
| Current portion of amounts payable after more than one year | 42 | €10,137 | €51,878 | +€41,742 | +412% |
| Trade debts | 44 | €102,343 | €185,114 | +€82,770 | +80.9% |
| Suppliers | 440/4 | €102,343 | €185,114 | +€82,770 | +80.9% |
| Advances received on contracts in progress | 46 | - | €1,200 | +€1,200 | |
| Taxes, remuneration and social security | 45 | €9,269 | €70,633 | +€61,364 | +662% |
| Taxes | 450/3 | €1,650 | €1,800 | +€150 | +9.1% |
| Remuneration and social security | 454/9 | €7,619 | €68,833 | +€61,214 | +803% |
| Accrued charges and deferred income | 492/3 | €0 | €638 | +€638 | |
| Turnover | 70 | - | €21,697 | +€21,697 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €591,149 | +€591,149 | |
| Remuneration, social security and pensions | 62 | €260,410 | €350,758 | +€90,347 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,828 | €76,865 | +€14,037 | +22.3% |
| Other operating charges | 640/8 | €4,916 | €17,897 | +€12,981 | +264% |
| Gross operating margin | 9900 | €292,864 | €536,690 | +€243,826 | +83.3% |
| Operating profit (loss) | 9901 | -€35,291 | €91,170 | +€126,460 | |
| Financial income | 75/76B | €38 | €27 | -€10 | -27.5% |
| Recurring financial income | 75 | €38 | €27 | -€10 | -27.5% |
| Financial charges | 65/66B | €1,656 | €11,409 | +€9,753 | +589% |
| Recurring financial charges | 65 | €1,656 | €11,409 | +€9,753 | +589% |
| Profit (loss) for the period before taxes | 9903 | -€36,909 | €79,789 | +€116,697 | |
| Profit (loss) for the period | 9904 | -€36,909 | €79,789 | +€116,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,909 | €79,789 | +€116,697 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.