B.O.N.A.P.: 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.
B.O.N.A.P.
Largest movements
- Tangible fixed assets +€23,868
up €23,868 (+1,338%), from €1,784 to €25,652
of which Furniture and vehicles: +€24,916
- Cash -€2,788
down €2,788 (-14.7%), from €19,027 to €16,239
mainly Investment in fixed assets (net) (-€32,135) and Trade debts (-€2,490)
- Stocks and contracts +€1,328
up €1,328 (+54.8%), from €2,422 to €3,750
- Debts after one year +€17,275
new in 2025: €17,275
- Current portion of long-term debt +€5,614
up €5,614 (+428%), from €1,312 to €6,926
- Profit (loss) carried forward +€2,787
up €2,787 (+71.3%), from -€3,907 to -€1,120
- Trade debts -€2,490
down €2,490 (-65.3%), from €3,813 to €1,323
- Other debts -€1,103
down €1,103 (-37.2%), from €2,966 to €1,862
- Depreciation +€7,144
up €7,144 (+636%), from €1,123 to €8,268
- Gross operating margin +€2,771
up €2,771 (+4.3%), from €63,773 to €66,544
- Other operating charges +€2,070
up €2,070 (+61.5%), from €3,367 to €5,437
- Financial charges +€944
up €944 (+349%), from €270 to €1,214
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 | €32,724 | €55,293 | +€22,569 | +69.0% |
| Fixed assets | 21/28 | €4,984 | €28,852 | +€23,868 | +479% |
| Tangible fixed assets | 22/27 | €1,784 | €25,652 | +€23,868 | +1,338% |
| Plant, machinery and equipment | 23 | €1,784 | €736 | -€1,048 | -58.7% |
| Furniture and vehicles | 24 | - | €24,916 | +€24,916 | |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €27,739 | €26,441 | -€1,299 | -4.7% |
| Stocks and contracts in progress | 3 | €2,422 | €3,750 | +€1,328 | +54.8% |
| Stocks | 30/36 | €2,422 | €3,750 | +€1,328 | +54.8% |
| Amounts receivable within one year | 40/41 | €5,421 | €5,553 | +€132 | +2.4% |
| Trade receivables | 40 | - | €32 | +€32 | |
| Other amounts receivable | 41 | €5,421 | €5,521 | +€100 | +1.8% |
| Cash at bank and in hand | 54/58 | €19,027 | €16,239 | -€2,788 | -14.7% |
| Deferred charges and accrued income | 490/1 | €869 | €898 | +€29 | +3.4% |
| Total equity and liabilities | 10/49 | €32,724 | €55,293 | +€22,569 | +69.0% |
| Equity | 10/15 | €14,693 | €17,480 | +€2,787 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€3,907 | -€1,120 | +€2,787 | +71.3% |
| Amounts payable | 17/49 | €18,031 | €37,813 | +€19,782 | +110% |
| Amounts payable after more than one year | 17 | - | €17,275 | +€17,275 | |
| Financial debts | 170/4 | - | €17,275 | +€17,275 | |
| Amounts payable within one year | 42/48 | €18,031 | €20,538 | +€2,507 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €1,312 | €6,926 | +€5,614 | +428% |
| Trade debts | 44 | €3,813 | €1,323 | -€2,490 | -65.3% |
| Suppliers | 440/4 | €3,813 | €1,323 | -€2,490 | -65.3% |
| Taxes, remuneration and social security | 45 | €9,940 | €10,427 | +€487 | +4.9% |
| Taxes | 450/3 | €1,689 | €2,377 | +€688 | +40.7% |
| Remuneration and social security | 454/9 | €8,251 | €8,050 | -€202 | -2.4% |
| Other amounts payable | 47/48 | €2,966 | €1,862 | -€1,103 | -37.2% |
| Remuneration, social security and pensions | 62 | €47,807 | €47,805 | -€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,123 | €8,268 | +€7,144 | +636% |
| Other operating charges | 640/8 | €3,367 | €5,437 | +€2,070 | +61.5% |
| Gross operating margin | 9900 | €63,773 | €66,544 | +€2,771 | +4.3% |
| Operating profit (loss) | 9901 | €11,476 | €5,035 | -€6,441 | -56.1% |
| Financial income | 75/76B | €137 | €12 | -€125 | -91.0% |
| Recurring financial income | 75 | €137 | €12 | -€125 | -91.0% |
| Financial charges | 65/66B | €270 | €1,214 | +€944 | +349% |
| Recurring financial charges | 65 | €270 | €1,214 | +€944 | +349% |
| Profit (loss) for the period before taxes | 9903 | €11,342 | €3,833 | -€7,510 | -66.2% |
| Income taxes | 67/77 | €980 | €1,046 | +€65 | +6.7% |
| Profit (loss) for the period | 9904 | €10,362 | €2,787 | -€7,575 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,362 | €2,787 | -€7,575 | -73.1% |
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 30 October 2026 via checked.be.