G. et H. 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.
G. et H. BERNARD
Largest movements
- Tangible fixed assets -€24,496
down €24,496 (-3.2%), from €767,584 to €743,088
of which Leasing and similar rights: -€22,320
- Profit (loss) carried forward -€12,558
down €12,558 (-3.1%), from -€402,773 to -€415,331
- Provisions -€9,971
down €9,971 (-3.1%), from €322,756 to €312,785
of which Provisions for liabilities and charges: -€7,836
- Purchases and services +€6,546
up €6,546 (+203%), from €3,223 to €9,769
- Gross operating margin -€4,849
down €4,849 (-10.9%), from €44,588 to €39,739
- Turnover +€1,697
up €1,697 (+3.5%), from €47,811 to €49,508
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 | €780,104 | €754,236 | -€25,868 | -3.3% |
| Fixed assets | 21/28 | €767,584 | €743,088 | -€24,496 | -3.2% |
| Tangible fixed assets | 22/27 | €767,584 | €743,088 | -€24,496 | -3.2% |
| Land and buildings | 22 | €8,704 | €6,528 | -€2,176 | -25.0% |
| Leasing and similar rights | 25 | €758,880 | €736,560 | -€22,320 | -2.9% |
| Current assets | 29/58 | €12,520 | €11,148 | -€1,372 | -11.0% |
| Cash at bank and in hand | 54/58 | €12,520 | €11,148 | -€1,372 | -11.0% |
| Total equity and liabilities | 10/49 | €780,104 | €754,236 | -€25,868 | -3.3% |
| Equity | 10/15 | €93,958 | €77,264 | -€16,694 | -17.8% |
| Contributions | 10/11 | €298,000 | €298,000 | = | 0.0% |
| Capital | 10 | €298,000 | €298,000 | = | 0.0% |
| Issued capital | 100 | €298,000 | €298,000 | = | 0.0% |
| Reserves | 13 | €198,731 | €194,595 | -€4,136 | -2.1% |
| Tax-exempt reserves | 132 | €198,731 | €194,595 | -€4,136 | -2.1% |
| Profit (loss) carried forward | 14 | -€402,773 | -€415,331 | -€12,558 | -3.1% |
| Provisions and deferred taxes | 16 | €322,756 | €312,785 | -€9,971 | -3.1% |
| Provisions for liabilities and charges | 160/5 | €250,177 | €242,341 | -€7,836 | -3.1% |
| Pensions and similar obligations | 160 | €250,177 | €242,341 | -€7,836 | -3.1% |
| Deferred taxes | 168 | €72,579 | €70,444 | -€2,135 | -2.9% |
| Amounts payable | 17/49 | €363,390 | €364,187 | +€797 | +0.2% |
| Amounts payable after more than one year | 17 | €103,944 | €103,134 | -€810 | -0.8% |
| Financial debts | 170/4 | €103,944 | €103,134 | -€810 | -0.8% |
| Amounts payable within one year | 42/48 | €259,446 | €261,053 | +€1,607 | +0.6% |
| Financial debts | 43 | €259,446 | €261,053 | +€1,607 | +0.6% |
| Other loans | 439 | €259,446 | €261,053 | +€1,607 | +0.6% |
| Turnover | 70 | €47,811 | €49,508 | +€1,697 | +3.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,223 | €9,769 | +€6,546 | +203% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€13 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,496 | €24,496 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,835 | -€7,836 | -€1 | 0.0% |
| Other operating charges | 640/8 | €5,619 | €5,796 | +€177 | +3.2% |
| Gross operating margin | 9900 | €44,588 | €39,739 | -€4,849 | -10.9% |
| Operating profit (loss) | 9901 | €21,921 | €16,883 | -€5,038 | -23.0% |
| Financial charges | 65/66B | €35,734 | €35,712 | -€22 | -0.1% |
| Recurring financial charges | 65 | €35,734 | €35,712 | -€22 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,813 | -€18,829 | -€5,016 | -36.3% |
| Transfer from deferred taxes | 780 | €2,135 | €2,135 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€11,678 | -€16,694 | -€5,016 | -43.0% |
| Transfer from tax-exempt reserves | 789 | €4,136 | €4,136 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,542 | -€12,558 | -€5,016 | -66.5% |
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 27 October 2026 via checked.be.