Dr Camille Bernard: 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.
Dr Camille Bernard
Largest movements
- Current investments +€46,079
new in 2025: €46,079
- Cash -€44,676
down €44,676 (-29.4%), from €152,196 to €107,520
mainly Contributions, distributions and other (-€160,000) and Current investments (-€46,079)
- Deferred charges and accrued income +€4,660
up €4,660 (+121%), from €3,848 to €8,509
- Receivables within one year +€2,880
up €2,880 (+3.2%), from €90,817 to €93,696
of which Trade receivables: +€2,301
- Other debts +€88,581
up €88,581 (+140%), from €63,467 to €152,049
- Profit (loss) carried forward -€84,406
down €84,406 (-46.7%), from €180,676 to €96,270
- Tax, wage and social debts +€3,200
up €3,200 (+69.6%), from €4,600 to €7,800
of which Taxes: +€3,200
- Gross operating margin +€13,292
up €13,292 (+15.0%), from €88,893 to €102,185
- Taxes +€1,983
up €1,983 (+11.6%), from €17,036 to €19,020
- Financial charges +€1,151
up €1,151 (+34.8%), from €3,310 to €4,462
- Depreciation +€1,075
up €1,075 (+43.9%), from €2,446 to €3,522
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 | €260,814 | €269,268 | +€8,455 | +3.2% |
| Fixed assets | 21/28 | €13,953 | €13,464 | -€489 | -3.5% |
| Tangible fixed assets | 22/27 | €13,953 | €13,464 | -€489 | -3.5% |
| Plant, machinery and equipment | 23 | €2,357 | €1,433 | -€924 | -39.2% |
| Furniture and vehicles | 24 | €11,596 | €12,031 | +€435 | +3.7% |
| Current assets | 29/58 | €246,861 | €255,805 | +€8,944 | +3.6% |
| Amounts receivable within one year | 40/41 | €90,817 | €93,696 | +€2,880 | +3.2% |
| Trade receivables | 40 | €951 | €3,252 | +€2,301 | +242% |
| Other amounts receivable | 41 | €89,866 | €90,444 | +€579 | +0.6% |
| Current investments | 50/53 | - | €46,079 | +€46,079 | |
| Cash at bank and in hand | 54/58 | €152,196 | €107,520 | -€44,676 | -29.4% |
| Deferred charges and accrued income | 490/1 | €3,848 | €8,509 | +€4,660 | +121% |
| Total equity and liabilities | 10/49 | €260,814 | €269,268 | +€8,455 | +3.2% |
| Equity | 10/15 | €185,676 | €101,270 | -€84,406 | -45.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,676 | €96,270 | -€84,406 | -46.7% |
| Amounts payable | 17/49 | €75,138 | €167,999 | +€92,861 | +124% |
| Amounts payable within one year | 42/48 | €75,138 | €167,999 | +€92,861 | +124% |
| Financial debts | 43 | €5,081 | €6,794 | +€1,712 | +33.7% |
| Credit institutions | 430/8 | €5,081 | €6,794 | +€1,712 | +33.7% |
| Trade debts | 44 | €1,989 | €1,356 | -€633 | -31.8% |
| Suppliers | 440/4 | €1,989 | €1,356 | -€633 | -31.8% |
| Taxes, remuneration and social security | 45 | €4,600 | €7,800 | +€3,200 | +69.6% |
| Taxes | 450/3 | €1,600 | €4,800 | +€3,200 | +200% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €63,467 | €152,049 | +€88,581 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,446 | €3,522 | +€1,075 | +43.9% |
| Other operating charges | 640/8 | €863 | €491 | -€372 | -43.1% |
| Gross operating margin | 9900 | €88,893 | €102,185 | +€13,292 | +15.0% |
| Operating profit (loss) | 9901 | €85,584 | €98,172 | +€12,589 | +14.7% |
| Financial income | 75/76B | €1,512 | €903 | -€609 | -40.3% |
| Recurring financial income | 75 | €1,512 | €903 | -€609 | -40.3% |
| Financial charges | 65/66B | €3,310 | €4,462 | +€1,151 | +34.8% |
| Recurring financial charges | 65 | €3,310 | €4,462 | +€1,151 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €83,786 | €94,614 | +€10,828 | +12.9% |
| Income taxes | 67/77 | €17,036 | €19,020 | +€1,983 | +11.6% |
| Profit (loss) for the period | 9904 | €66,749 | €75,594 | +€8,845 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,749 | €75,594 | +€8,845 | +13.3% |
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 26 October 2026 via checked.be.