Marg. BERNARD: what changed
Two fiscal 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.
Marg. BERNARD
Largest movements
- Tangible fixed assets -€4,832
down €4,832 (-47.2%), from €10,231 to €5,399
of which Plant, machinery and equipment: -€6,813
- Stocks and contracts -€4,056
down €4,056 (-11.4%), from €35,483 to €31,427
- Deferred charges and accrued income +€2,024
new in 2025: €2,024
- Receivables within one year -€1,918
down €1,918 (-9.7%), from €19,770 to €17,852
of which Other amounts receivable: -€1,698
- Debts after one year -€6,602
down €6,602 (-100.0%), from €6,602 to €0
- Tax, wage and social debts -€4,945
down €4,945 (-14.3%), from €34,563 to €29,618
of which Remuneration and social security: -€3,821
- Trade debts +€4,472
up €4,472 (+54.3%), from €8,235 to €12,707
- Profit (loss) carried forward -€1,692
down €1,692, from €889 to -€803
- Gross operating margin +€12,897
up €12,897 (+13.1%), from €98,532 to €111,429
- Other operating charges -€4,839
down €4,839 (-78.7%), from €6,151 to €1,312
- Staff costs +€2,225
up €2,225 (+2.2%), from €99,864 to €102,089
- Financial charges -€1,720
down €1,720 (-50.2%), from €3,424 to €1,704
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 | €104,505 | €95,950 | -€8,555 | -8.2% |
| Fixed assets | 21/28 | €10,392 | €5,561 | -€4,831 | -46.5% |
| Tangible fixed assets | 22/27 | €10,231 | €5,399 | -€4,832 | -47.2% |
| Plant, machinery and equipment | 23 | €8,581 | €1,768 | -€6,813 | -79.4% |
| Furniture and vehicles | 24 | €1,650 | €3,632 | +€1,982 | +120.1% |
| Financial fixed assets | 28 | €161 | €161 | +€0 | +0.1% |
| Current assets | 29/58 | €94,113 | €90,389 | -€3,724 | -4.0% |
| Stocks and contracts in progress | 3 | €35,483 | €31,427 | -€4,056 | -11.4% |
| Stocks | 30/36 | €35,483 | €31,427 | -€4,056 | -11.4% |
| Amounts receivable within one year | 40/41 | €19,770 | €17,852 | -€1,918 | -9.7% |
| Trade receivables | 40 | €2,798 | €2,578 | -€220 | -7.9% |
| Other amounts receivable | 41 | €16,972 | €15,274 | -€1,698 | -10.0% |
| Cash at bank and in hand | 54/58 | €38,860 | €39,086 | +€226 | +0.6% |
| Deferred charges and accrued income | 490/1 | - | €2,024 | +€2,024 | |
| Total equity and liabilities | 10/49 | €104,505 | €95,950 | -€8,555 | -8.2% |
| Equity | 10/15 | €48,575 | €46,883 | -€1,692 | -3.5% |
| Contributions | 10/11 | €30,987 | €30,987 | -€0 | 0.0% |
| Reserves | 13 | €16,699 | €16,699 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €13,600 | €13,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €889 | -€803 | -€1,692 | |
| Amounts payable | 17/49 | €55,930 | €49,067 | -€6,863 | -12.3% |
| Amounts payable after more than one year | 17 | €6,602 | €0 | -€6,602 | -100.0% |
| Financial debts | 170/4 | €6,602 | €0 | -€6,602 | -100.0% |
| Amounts payable within one year | 42/48 | €49,328 | €49,067 | -€261 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €6,460 | €6,602 | +€142 | +2.2% |
| Trade debts | 44 | €8,235 | €12,707 | +€4,472 | +54.3% |
| Suppliers | 440/4 | €8,235 | €12,707 | +€4,472 | +54.3% |
| Taxes, remuneration and social security | 45 | €34,563 | €29,618 | -€4,945 | -14.3% |
| Taxes | 450/3 | €6,533 | €5,409 | -€1,124 | -17.2% |
| Remuneration and social security | 454/9 | €28,030 | €24,209 | -€3,821 | -13.6% |
| Other amounts payable | 47/48 | €70 | €140 | +€70 | +100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €99,864 | €102,089 | +€2,225 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,640 | €7,608 | -€32 | -0.4% |
| Other operating charges | 640/8 | €6,151 | €1,312 | -€4,839 | -78.7% |
| Gross operating margin | 9900 | €98,532 | €111,429 | +€12,897 | +13.1% |
| Operating profit (loss) | 9901 | -€15,123 | €420 | +€15,543 | |
| Financial income | 75/76B | €157 | €10 | -€147 | -93.9% |
| Recurring financial income | 75 | €157 | €10 | -€147 | -93.9% |
| Financial charges | 65/66B | €3,424 | €1,704 | -€1,720 | -50.2% |
| Recurring financial charges | 65 | €3,424 | €1,704 | -€1,720 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,390 | -€1,275 | +€17,115 | +93.1% |
| Income taxes | 67/77 | €370 | €417 | +€47 | +12.7% |
| Profit (loss) for the period | 9904 | -€18,760 | -€1,692 | +€17,068 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,760 | -€1,692 | +€17,068 | +91.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.