Dr Vô Bernard: what changed
Dr Vô Bernard
Largest movements
- Current investments -€260,000
no longer reported in 2025 (was €260,000)
- Cash -€15,531
down €15,531 (-10.4%), from €149,777 to €134,247
mainly Contributions, distributions and other (-€576,232) and Debts after one year (-€7,048)
- Tangible fixed assets -€8,281
down €8,281 (-44.0%), from €18,838 to €10,557
- Deferred charges and accrued income +€5,362
up €5,362 (+28.4%), from €18,873 to €24,235
- Profit (loss) carried forward -€436,910
no longer reported in 2025 (was €436,910)
- Other debts +€162,723
up €162,723 (+9,331%), from €1,744 to €164,467
- Debts after one year -€7,048
no longer reported in 2025 (was €7,048)
- Gross operating margin -€18,491
down €18,491 (-8.9%), from €207,408 to €188,917
- Taxes -€4,026
down €4,026 (-9.0%), from €44,670 to €40,644
- Financial income +€3,957
up €3,957 (+320%), from €1,236 to €5,193
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €455,661 | €173,515 | -€282,146 | -61.9% |
| Fixed assets | 21/28 | €18,838 | €10,557 | -€8,281 | -44.0% |
| Tangible fixed assets | 22/27 | €18,838 | €10,557 | -€8,281 | -44.0% |
| Furniture and vehicles | 24 | €18,838 | €10,557 | -€8,281 | -44.0% |
| Current assets | 29/58 | €436,823 | €162,958 | -€273,865 | -62.7% |
| Amounts receivable within one year | 40/41 | €8,172 | €4,477 | -€3,696 | -45.2% |
| Other amounts receivable | 41 | €8,172 | €4,477 | -€3,696 | -45.2% |
| Current investments | 50/53 | €260,000 | - | -€260,000 | |
| Cash at bank and in hand | 54/58 | €149,777 | €134,247 | -€15,531 | -10.4% |
| Deferred charges and accrued income | 490/1 | €18,873 | €24,235 | +€5,362 | +28.4% |
| Total equity and liabilities | 10/49 | €455,661 | €173,515 | -€282,146 | -61.9% |
| Equity | 10/15 | €438,910 | €2,000 | -€436,910 | -99.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €436,910 | - | -€436,910 | |
| Amounts payable | 17/49 | €16,751 | €171,515 | +€154,765 | +924% |
| Amounts payable after more than one year | 17 | €7,048 | - | -€7,048 | |
| Financial debts | 170/4 | €7,048 | - | -€7,048 | |
| Amounts payable within one year | 42/48 | €8,881 | €171,515 | +€162,634 | +1,831% |
| Current portion of amounts payable after more than one year | 42 | €6,429 | €7,048 | +€619 | +9.6% |
| Trade debts | 44 | €708 | - | -€708 | |
| Suppliers | 440/4 | €708 | - | -€708 | |
| Other amounts payable | 47/48 | €1,744 | €164,467 | +€162,723 | +9,331% |
| Accrued charges and deferred income | 492/3 | €821 | - | -€821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,660 | €9,445 | -€215 | -2.2% |
| Other operating charges | 640/8 | €1,553 | €3,164 | +€1,611 | +104% |
| Gross operating margin | 9900 | €207,408 | €188,917 | -€18,491 | -8.9% |
| Operating profit (loss) | 9901 | €196,195 | €176,308 | -€19,887 | -10.1% |
| Financial income | 75/76B | €1,236 | €5,193 | +€3,957 | +320% |
| Recurring financial income | 75 | €1,236 | €5,193 | +€3,957 | +320% |
| Financial charges | 65/66B | €1,738 | €1,535 | -€203 | -11.7% |
| Recurring financial charges | 65 | €1,738 | €1,535 | -€203 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €195,694 | €179,966 | -€15,728 | -8.0% |
| Income taxes | 67/77 | €44,670 | €40,644 | -€4,026 | -9.0% |
| Profit (loss) for the period | 9904 | €151,024 | €139,322 | -€11,702 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €151,024 | €139,322 | -€11,702 | -7.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.