MARK BERNAERTS: 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.
MARK BERNAERTS
Largest movements
- Cash -€49,681
down €49,681 (-39.7%), from €125,007 to €75,326
mainly Investment in fixed assets (net) (-€26,313) and Other debts (-€21,448)
- Tangible fixed assets +€21,340
up €21,340 (+1,816%), from €1,175 to €22,515
of which Furniture and vehicles: +€21,340
- Receivables within one year +€7,212
up €7,212 (+85.5%), from €8,435 to €15,647
of which Other amounts receivable: +€9,092
- Other debts -€21,448
no longer reported in 2025 (was €21,448)
- Reserves +€3,338
up €3,338 (+6.0%), from €56,052 to €59,390
of which Distributable reserves: +€3,338
- Trade debts -€2,209
down €2,209 (-92.1%), from €2,398 to €189
- Gross operating margin +€5,435
up €5,435 (+82.9%), from €6,554 to €11,989
- Depreciation +€4,541
up €4,541 (+1,051%), from €432 to €4,973
- Financial income -€3,158
down €3,158 (-99.1%), from €3,188 to €30
- Taxes -€3,080
down €3,080 (-53.4%), from €5,767 to €2,687
- Financial charges -€1,096
down €1,096 (-84.8%), from €1,293 to €197
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 | €135,461 | €115,396 | -€20,065 | -14.8% |
| Fixed assets | 21/28 | €1,175 | €22,515 | +€21,340 | +1,816% |
| Tangible fixed assets | 22/27 | €1,175 | €22,515 | +€21,340 | +1,816% |
| Land and buildings | 22 | €744 | €744 | = | 0.0% |
| Furniture and vehicles | 24 | €431 | €21,771 | +€21,340 | +4,951% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €134,286 | €92,881 | -€41,405 | -30.8% |
| Amounts receivable within one year | 40/41 | €8,435 | €15,647 | +€7,212 | +85.5% |
| Trade receivables | 40 | €7,857 | €5,977 | -€1,880 | -23.9% |
| Other amounts receivable | 41 | €578 | €9,670 | +€9,092 | +1,573% |
| Cash at bank and in hand | 54/58 | €125,007 | €75,326 | -€49,681 | -39.7% |
| Deferred charges and accrued income | 490/1 | €844 | €1,908 | +€1,064 | +126% |
| Total equity and liabilities | 10/49 | €135,461 | €115,396 | -€20,065 | -14.8% |
| Equity | 10/15 | €106,869 | €110,207 | +€3,338 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,052 | €59,390 | +€3,338 | +6.0% |
| Tax-exempt reserves | 132 | €2,499 | €2,499 | = | 0.0% |
| Distributable reserves | 133 | €53,553 | €56,891 | +€3,338 | +6.2% |
| Profit (loss) carried forward | 14 | €32,217 | €32,217 | = | 0.0% |
| Amounts payable | 17/49 | €28,592 | €5,189 | -€23,403 | -81.9% |
| Amounts payable within one year | 42/48 | €27,500 | €4,097 | -€23,403 | -85.1% |
| Trade debts | 44 | €2,398 | €189 | -€2,209 | -92.1% |
| Suppliers | 440/4 | €2,398 | €189 | -€2,209 | -92.1% |
| Taxes, remuneration and social security | 45 | €3,654 | €3,908 | +€254 | +7.0% |
| Taxes | 450/3 | €3,654 | €3,908 | +€254 | +7.0% |
| Other amounts payable | 47/48 | €21,448 | - | -€21,448 | |
| Accrued charges and deferred income | 492/3 | €1,092 | €1,092 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6,335 | +€6,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €4,973 | +€4,541 | +1,051% |
| Other operating charges | 640/8 | €1,328 | €824 | -€504 | -38.0% |
| Gross operating margin | 9900 | €6,554 | €11,989 | +€5,435 | +82.9% |
| Operating profit (loss) | 9901 | €4,794 | €6,192 | +€1,398 | +29.2% |
| Financial income | 75/76B | €3,188 | €30 | -€3,158 | -99.1% |
| Recurring financial income | 75 | €3,188 | €30 | -€3,158 | -99.1% |
| Financial charges | 65/66B | €1,293 | €197 | -€1,096 | -84.8% |
| Recurring financial charges | 65 | €1,293 | €197 | -€1,096 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €6,689 | €6,025 | -€664 | -9.9% |
| Income taxes | 67/77 | €5,767 | €2,687 | -€3,080 | -53.4% |
| Profit (loss) for the period | 9904 | €922 | €3,338 | +€2,416 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €922 | €3,338 | +€2,416 | +262% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.