Anke Bonnewyn: 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.
Anke Bonnewyn
Largest movements
- Cash -€20,092
down €20,092 (-74.5%), from €26,963 to €6,871
mainly Contributions, distributions and other (-€25,842) and Receivables within one year (-€2,073)
- Receivables within one year +€2,073
up €2,073 (+25,749%), from €8 to €2,081
- Tangible fixed assets +€816
new in 2025: €816
- Profit (loss) carried forward -€23,674
no longer reported in 2025 (was €23,674)
- Reserves +€6,295
new in 2025: €6,295
- Taxes -€658
down €658 (-21.4%), from €3,077 to €2,419
- Gross operating margin -€291
down €291 (-2.6%), from €11,011 to €10,719
- Financial income +€247
new in 2025: €247
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 | €27,122 | €9,792 | -€17,330 | -63.9% |
| Fixed assets | 21/28 | - | €816 | +€816 | |
| Tangible fixed assets | 22/27 | - | €816 | +€816 | |
| Furniture and vehicles | 24 | - | €816 | +€816 | |
| Current assets | 29/58 | €27,122 | €8,976 | -€18,146 | -66.9% |
| Amounts receivable within one year | 40/41 | €8 | €2,081 | +€2,073 | +25,749% |
| Other amounts receivable | 41 | €8 | €2,081 | +€2,073 | +25,749% |
| Cash at bank and in hand | 54/58 | €26,963 | €6,871 | -€20,092 | -74.5% |
| Deferred charges and accrued income | 490/1 | €151 | €24 | -€126 | -83.9% |
| Total equity and liabilities | 10/49 | €27,122 | €9,792 | -€17,330 | -63.9% |
| Equity | 10/15 | €26,674 | €9,295 | -€17,380 | -65.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €6,295 | +€6,295 | |
| Distributable reserves | 133 | - | €6,295 | +€6,295 | |
| Profit (loss) carried forward | 14 | €23,674 | - | -€23,674 | |
| Amounts payable | 17/49 | €448 | €498 | +€50 | +11.2% |
| Amounts payable within one year | 42/48 | €448 | €498 | +€50 | +11.2% |
| Trade debts | 44 | €46 | €23 | -€23 | -50.8% |
| Suppliers | 440/4 | €46 | €23 | -€23 | -50.8% |
| Taxes, remuneration and social security | 45 | €402 | €402 | = | 0.0% |
| Taxes | 450/3 | €402 | €402 | = | 0.0% |
| Other amounts payable | 47/48 | - | €73 | +€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13 | +€13 | |
| Gross operating margin | 9900 | €11,011 | €10,719 | -€291 | -2.6% |
| Operating profit (loss) | 9901 | €11,011 | €10,706 | -€304 | -2.8% |
| Financial income | 75/76B | - | €247 | +€247 | |
| Recurring financial income | 75 | - | €247 | +€247 | |
| Financial charges | 65/66B | €83 | €72 | -€11 | -12.9% |
| Recurring financial charges | 65 | €83 | €72 | -€11 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €10,928 | €10,881 | -€47 | -0.4% |
| Income taxes | 67/77 | €3,077 | €2,419 | -€658 | -21.4% |
| Profit (loss) for the period | 9904 | €7,851 | €8,462 | +€611 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,851 | €8,462 | +€611 | +7.8% |
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 16 October 2026 via checked.be.