bernstone: 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.
bernstone
Largest movements
- Receivables within one year -€18,179
down €18,179 (-64.8%), from €28,049 to €9,870
of which Trade receivables: -€19,606
- Stocks and contracts +€12,190
up €12,190 (+22.9%), from €53,230 to €65,420
- Tangible fixed assets +€1,495
up €1,495 (+70.1%), from €2,134 to €3,628
- Tax, wage and social debts -€4,813
no longer reported in 2025 (was €4,813)
- Trade debts -€2,154
down €2,154 (-29.8%), from €7,238 to €5,084
- Reserves +€1,325
up €1,325 (+1.7%), from €78,309 to €79,634
- Gross operating margin -€20,498
down €20,498 (-83.9%), from €24,417 to €3,919
- Taxes -€5,700
down €5,700 (-83.9%), from €6,796 to €1,096
- Depreciation +€596
up €596 (+172.4%), from €346 to €942
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.
Cash bridge derived
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 | €110,258 | €105,715 | -€4,543 | -4.1% |
| Fixed assets | 21/28 | €2,134 | €3,628 | +€1,495 | +70.1% |
| Tangible fixed assets | 22/27 | €2,134 | €3,628 | +€1,495 | +70.1% |
| Plant, machinery and equipment | 23 | €2,134 | €3,628 | +€1,495 | +70.1% |
| Current assets | 29/58 | €108,125 | €102,087 | -€6,038 | -5.6% |
| Stocks and contracts in progress | 3 | €53,230 | €65,420 | +€12,190 | +22.9% |
| Stocks | 30/36 | €53,230 | €65,420 | +€12,190 | +22.9% |
| Amounts receivable within one year | 40/41 | €28,049 | €9,870 | -€18,179 | -64.8% |
| Trade receivables | 40 | €25,513 | €5,906 | -€19,606 | -76.8% |
| Other amounts receivable | 41 | €2,536 | €3,963 | +€1,427 | +56.3% |
| Cash at bank and in hand | 54/58 | €25,538 | €25,389 | -€149 | -0.6% |
| Deferred charges and accrued income | 490/1 | €1,308 | €1,408 | +€100 | +7.7% |
| Total equity and liabilities | 10/49 | €110,258 | €105,715 | -€4,543 | -4.1% |
| Equity | 10/15 | €96,859 | €98,184 | +€1,325 | +1.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €78,309 | €79,634 | +€1,325 | +1.7% |
| Distributable reserves | 133 | €78,309 | €79,634 | +€1,325 | +1.7% |
| Amounts payable | 17/49 | €13,399 | €7,531 | -€5,869 | -43.8% |
| Amounts payable within one year | 42/48 | €13,399 | €7,031 | -€6,369 | -47.5% |
| Trade debts | 44 | €7,238 | €5,084 | -€2,154 | -29.8% |
| Suppliers | 440/4 | €7,238 | €5,084 | -€2,154 | -29.8% |
| Taxes, remuneration and social security | 45 | €4,813 | - | -€4,813 | |
| Taxes | 450/3 | €4,813 | - | -€4,813 | |
| Other amounts payable | 47/48 | €1,348 | €1,947 | +€598 | +44.4% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €942 | +€596 | +172.4% |
| Other operating charges | 640/8 | €380 | €553 | +€172 | +45.3% |
| Gross operating margin | 9900 | €24,417 | €3,919 | -€20,498 | -83.9% |
| Operating profit (loss) | 9901 | €23,691 | €2,424 | -€21,267 | -89.8% |
| Financial income | 75/76B | €153 | €166 | +€13 | +8.5% |
| Recurring financial income | 75 | €153 | €166 | +€13 | +8.5% |
| Financial charges | 65/66B | €95 | €168 | +€73 | +76.3% |
| Recurring financial charges | 65 | €95 | €168 | +€73 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €23,748 | €2,422 | -€21,327 | -89.8% |
| Income taxes | 67/77 | €6,796 | €1,096 | -€5,700 | -83.9% |
| Profit (loss) for the period | 9904 | €16,952 | €1,325 | -€15,627 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,952 | €1,325 | -€15,627 | -92.2% |
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 9 October 2026 via checked.be.