A. Bono: 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.
A. Bono
Largest movements
- Cash +€251,595
up €251,595 (+196%), from €128,405 to €380,000
mainly Receivables within one year (+€250,191) and Investment in fixed assets (net) (+€225,723)
- Receivables within one year -€250,191
down €250,191 (-88.9%), from €281,388 to €31,196
of which Other amounts receivable: -€215,100
- Financial fixed assets -€225,723
down €225,723 (-87.1%), from €259,034 to €33,311
- Receivables after one year +€184,782
up €184,782 (+51.2%), from €360,602 to €545,384
- Current investments +€36,974
up €36,974 (+29.3%), from €126,104 to €163,078
- Other debts +€63,581
up €63,581 (+135%), from €47,259 to €110,840
- Reserves -€32,087
down €32,087 (-4.2%), from €766,549 to €734,462
- Tax, wage and social debts -€22,433
down €22,433 (-27.8%), from €80,787 to €58,354
of which Taxes: -€25,208
- Trade debts -€13,119
down €13,119 (-87.2%), from €15,042 to €1,923
- Financial income -€331,076
down €331,076 (-89.6%), from €369,461 to €38,384
- Taxes -€44,971
down €44,971 (-60.3%), from €74,632 to €29,661
- Gross operating margin -€42,518
down €42,518 (-33.3%), from €127,732 to €85,214
- Financial charges +€10,171
up €10,171 (+658%), from €1,546 to €11,717
of which Non-recurring financial charges: +€10,455
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 | €1,271,182 | €1,267,124 | -€4,058 | -0.3% |
| Fixed assets | 21/28 | €362,817 | €133,902 | -€228,915 | -63.1% |
| Tangible fixed assets | 22/27 | €103,783 | €100,591 | -€3,191 | -3.1% |
| Land and buildings | 22 | €88,559 | €87,138 | -€1,421 | -1.6% |
| Other tangible fixed assets | 26 | €15,223 | €13,453 | -€1,770 | -11.6% |
| Financial fixed assets | 28 | €259,034 | €33,311 | -€225,723 | -87.1% |
| Current assets | 29/58 | €908,365 | €1,133,222 | +€224,857 | +24.8% |
| Amounts receivable after more than one year | 29 | €360,602 | €545,384 | +€184,782 | +51.2% |
| Other amounts receivable | 291 | €360,602 | €545,384 | +€184,782 | +51.2% |
| Amounts receivable within one year | 40/41 | €281,388 | €31,196 | -€250,191 | -88.9% |
| Trade receivables | 40 | €55,141 | €20,050 | -€35,091 | -63.6% |
| Other amounts receivable | 41 | €226,246 | €11,146 | -€215,100 | -95.1% |
| Current investments | 50/53 | €126,104 | €163,078 | +€36,974 | +29.3% |
| Cash at bank and in hand | 54/58 | €128,405 | €380,000 | +€251,595 | +196% |
| Deferred charges and accrued income | 490/1 | €11,868 | €13,564 | +€1,696 | +14.3% |
| Total equity and liabilities | 10/49 | €1,271,182 | €1,267,124 | -€4,058 | -0.3% |
| Equity | 10/15 | €1,128,094 | €1,096,007 | -€32,087 | -2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €766,549 | €734,462 | -€32,087 | -4.2% |
| Distributable reserves | 133 | €766,549 | €734,462 | -€32,087 | -4.2% |
| Profit (loss) carried forward | 14 | €349,144 | €349,144 | = | 0.0% |
| Amounts payable | 17/49 | €143,088 | €171,118 | +€28,029 | +19.6% |
| Amounts payable within one year | 42/48 | €143,088 | €171,118 | +€28,029 | +19.6% |
| Trade debts | 44 | €15,042 | €1,923 | -€13,119 | -87.2% |
| Suppliers | 440/4 | €15,042 | €1,923 | -€13,119 | -87.2% |
| Taxes, remuneration and social security | 45 | €80,787 | €58,354 | -€22,433 | -27.8% |
| Taxes | 450/3 | €80,787 | €55,579 | -€25,208 | -31.2% |
| Remuneration and social security | 454/9 | - | €2,775 | +€2,775 | |
| Other amounts payable | 47/48 | €47,259 | €110,840 | +€63,581 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,473 | €3,191 | -€281 | -8.1% |
| Other operating charges | 640/8 | €1,413 | €1,627 | +€214 | +15.2% |
| Gross operating margin | 9900 | €127,732 | €85,214 | -€42,518 | -33.3% |
| Operating profit (loss) | 9901 | €122,847 | €80,396 | -€42,451 | -34.6% |
| Financial income | 75/76B | €369,461 | €38,384 | -€331,076 | -89.6% |
| Recurring financial income | 75 | €369,461 | €38,384 | -€331,076 | -89.6% |
| Financial charges | 65/66B | €1,546 | €11,717 | +€10,171 | +658% |
| Recurring financial charges | 65 | €1,546 | €1,263 | -€283 | -18.3% |
| Non-recurring financial charges | 66B | - | €10,455 | +€10,455 | |
| Profit (loss) for the period before taxes | 9903 | €490,762 | €107,063 | -€383,699 | -78.2% |
| Income taxes | 67/77 | €74,632 | €29,661 | -€44,971 | -60.3% |
| Profit (loss) for the period | 9904 | €416,130 | €77,402 | -€338,728 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €416,130 | €77,402 | -€338,728 | -81.4% |
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 18 October 2026 via checked.be.