BERNOLET KAREL: 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.
BERNOLET KAREL
Largest movements
- Current investments -€161,832
down €161,832 (-51.7%), from €313,107 to €151,275
- Cash +€114,155
up €114,155 (+114%), from €99,785 to €213,940
mainly Current investments (+€161,832) and Net result for the year (+€61,759)
- Tangible fixed assets +€57,650
up €57,650 (+1,713%), from €3,365 to €61,015
- Receivables within one year +€21,264
up €21,264 (+151%), from €14,060 to €35,324
of which Trade receivables: +€20,086
- Reserves +€34,409
up €34,409 (+9.8%), from €352,058 to €386,467
- Gross operating margin -€11,336
down €11,336 (-11.8%), from €95,755 to €84,418
- Financial income +€7,633
up €7,633 (+539%), from €1,417 to €9,050
- Taxes -€3,531
down €3,531 (-14.1%), from €25,069 to €21,537
- Depreciation +€1,243
up €1,243 (+74.6%), from €1,667 to €2,909
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 | €435,806 | €462,468 | +€26,661 | +6.1% |
| Fixed assets | 21/28 | €3,365 | €61,015 | +€57,650 | +1,713% |
| Tangible fixed assets | 22/27 | €3,365 | €61,015 | +€57,650 | +1,713% |
| Furniture and vehicles | 24 | €3,365 | €61,015 | +€57,650 | +1,713% |
| Current assets | 29/58 | €432,442 | €401,453 | -€30,989 | -7.2% |
| Amounts receivable within one year | 40/41 | €14,060 | €35,324 | +€21,264 | +151% |
| Trade receivables | 40 | €14,060 | €34,146 | +€20,086 | +143% |
| Other amounts receivable | 41 | €0 | €1,178 | +€1,178 | |
| Current investments | 50/53 | €313,107 | €151,275 | -€161,832 | -51.7% |
| Cash at bank and in hand | 54/58 | €99,785 | €213,940 | +€114,155 | +114% |
| Deferred charges and accrued income | 490/1 | €5,490 | €915 | -€4,575 | -83.3% |
| Total equity and liabilities | 10/49 | €435,806 | €462,468 | +€26,661 | +6.1% |
| Equity | 10/15 | €370,658 | €405,067 | +€34,409 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €352,058 | €386,467 | +€34,409 | +9.8% |
| Distributable reserves | 133 | €352,058 | €386,467 | +€34,409 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,148 | €57,401 | -€7,748 | -11.9% |
| Amounts payable within one year | 42/48 | €64,730 | €57,401 | -€7,329 | -11.3% |
| Trade debts | 44 | €176 | €319 | +€143 | +81.0% |
| Suppliers | 440/4 | €176 | €319 | +€143 | +81.0% |
| Taxes, remuneration and social security | 45 | €18,966 | €15,668 | -€3,298 | -17.4% |
| Taxes | 450/3 | €18,966 | €15,668 | -€3,298 | -17.4% |
| Other amounts payable | 47/48 | €45,587 | €41,414 | -€4,173 | -9.2% |
| Accrued charges and deferred income | 492/3 | €419 | €0 | -€419 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €2,909 | +€1,243 | +74.6% |
| Other operating charges | 640/8 | €1,271 | €1,311 | +€40 | +3.1% |
| Gross operating margin | 9900 | €95,755 | €84,418 | -€11,336 | -11.8% |
| Operating profit (loss) | 9901 | €92,817 | €80,198 | -€12,619 | -13.6% |
| Financial income | 75/76B | €1,417 | €9,050 | +€7,633 | +539% |
| Recurring financial income | 75 | €1,417 | €9,050 | +€7,633 | +539% |
| Financial charges | 65/66B | €5,483 | €5,951 | +€469 | +8.5% |
| Recurring financial charges | 65 | €5,483 | €5,951 | +€469 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €88,751 | €83,297 | -€5,455 | -6.1% |
| Income taxes | 67/77 | €25,069 | €21,537 | -€3,531 | -14.1% |
| Profit (loss) for the period | 9904 | €63,683 | €61,759 | -€1,923 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,683 | €61,759 | -€1,923 | -3.0% |
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 24 October 2026 via checked.be.