BONAFÉ: 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.
BONAFÉ
Largest movements
- Receivables within one year +€636,173
up €636,173 (+110%), from €579,202 to €1.2m
of which Other amounts receivable: +€608,228
- Cash -€228,539
down €228,539 (-78.4%), from €291,683 to €63,144
mainly Receivables within one year (-€636,173) and Other debts (-€440,000)
- Tangible fixed assets -€159,312
down €159,312 (-75.4%), from €211,295 to €51,983
of which Land and buildings: -€143,775
- Intangible fixed assets +€17,408
up €17,408 (+1,540%), from €1,130 to €18,538
- Other debts -€440,000
no longer reported in 2025 (was €440,000)
- Reserves +€382,703
up €382,703 (+72.0%), from €531,538 to €914,240
of which Tax-exempt reserves: +€350,405
- Short-term financial debts +€250,000
new in 2025: €250,000
- Provisions +€116,802
new in 2025: €116,802
- Debts after one year -€35,853
no longer reported in 2025 (was €35,853)
- Gross operating margin +€349,870
up €349,870 (+102%), from €343,301 to €693,170
- Taxes -€31,085
down €31,085 (-71.5%), from €43,466 to €12,381
- Depreciation -€21,426
down €21,426 (-47.2%), from €45,384 to €23,958
- Financial income -€12,990
down €12,990 (-95.5%), from €13,597 to €607
- Staff costs +€7,964
up €7,964 (+6.0%), from €133,514 to €141,479
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 | €1,193,039 | €1,461,434 | +€268,396 | +22.5% |
| Fixed assets | 21/28 | €212,425 | €70,521 | -€141,904 | -66.8% |
| Intangible fixed assets | 21 | €1,130 | €18,538 | +€17,408 | +1,540% |
| Tangible fixed assets | 22/27 | €211,295 | €51,983 | -€159,312 | -75.4% |
| Land and buildings | 22 | €143,775 | - | -€143,775 | |
| Plant, machinery and equipment | 23 | €3,006 | €4,202 | +€1,196 | +39.8% |
| Furniture and vehicles | 24 | €64,514 | €47,781 | -€16,733 | -25.9% |
| Current assets | 29/58 | €980,614 | €1,390,913 | +€410,299 | +41.8% |
| Stocks and contracts in progress | 3 | €104,623 | €107,604 | +€2,981 | +2.8% |
| Stocks | 30/36 | €104,623 | €107,604 | +€2,981 | +2.8% |
| Amounts receivable within one year | 40/41 | €579,202 | €1,215,375 | +€636,173 | +110% |
| Trade receivables | 40 | €100,739 | €128,684 | +€27,945 | +27.7% |
| Other amounts receivable | 41 | €478,463 | €1,086,691 | +€608,228 | +127% |
| Cash at bank and in hand | 54/58 | €291,683 | €63,144 | -€228,539 | -78.4% |
| Deferred charges and accrued income | 490/1 | €5,106 | €4,790 | -€315 | -6.2% |
| Total equity and liabilities | 10/49 | €1,193,039 | €1,461,434 | +€268,396 | +22.5% |
| Equity | 10/15 | €550,088 | €932,790 | +€382,703 | +69.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €531,538 | €914,240 | +€382,703 | +72.0% |
| Tax-exempt reserves | 132 | €86,506 | €436,912 | +€350,405 | +405% |
| Distributable reserves | 133 | €445,032 | €477,329 | +€32,297 | +7.3% |
| Provisions and deferred taxes | 16 | - | €116,802 | +€116,802 | |
| Deferred taxes | 168 | - | €116,802 | +€116,802 | |
| Amounts payable | 17/49 | €642,951 | €411,842 | -€231,109 | -35.9% |
| Amounts payable after more than one year | 17 | €35,853 | - | -€35,853 | |
| Financial debts | 170/4 | €35,853 | - | -€35,853 | |
| Amounts payable within one year | 42/48 | €607,098 | €407,087 | -€200,012 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €34,277 | €35,853 | +€1,575 | +4.6% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €113,526 | €108,707 | -€4,820 | -4.2% |
| Suppliers | 440/4 | €113,526 | €108,707 | -€4,820 | -4.2% |
| Taxes, remuneration and social security | 45 | €19,295 | €12,528 | -€6,767 | -35.1% |
| Taxes | 450/3 | - | €838 | +€838 | |
| Remuneration and social security | 454/9 | €19,295 | €11,690 | -€7,605 | -39.4% |
| Other amounts payable | 47/48 | €440,000 | - | -€440,000 | |
| Accrued charges and deferred income | 492/3 | - | €4,755 | +€4,755 | |
| Non-recurring operating income | 76A | - | €467,207 | +€467,207 | |
| Remuneration, social security and pensions | 62 | €133,514 | €141,479 | +€7,964 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,384 | €23,958 | -€21,426 | -47.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€285 | €4,017 | +€4,303 | |
| Other operating charges | 640/8 | €6,149 | €6,312 | +€163 | +2.7% |
| Non-recurring operating charges | 66A | €511 | - | -€511 | |
| Gross operating margin | 9900 | €343,301 | €693,170 | +€349,870 | +102% |
| Operating profit (loss) | 9901 | €158,028 | €517,405 | +€359,377 | +227% |
| Financial income | 75/76B | €13,597 | €607 | -€12,990 | -95.5% |
| Recurring financial income | 75 | €13,597 | €607 | -€12,990 | -95.5% |
| Financial charges | 65/66B | €5,183 | €6,126 | +€943 | +18.2% |
| Recurring financial charges | 65 | €5,183 | €6,126 | +€943 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €166,442 | €511,885 | +€345,443 | +208% |
| Transfer to deferred taxes | 680 | - | €116,802 | +€116,802 | |
| Income taxes | 67/77 | €43,466 | €12,381 | -€31,085 | -71.5% |
| Profit (loss) for the period | 9904 | €122,976 | €382,703 | +€259,727 | +211% |
| Transfer to tax-exempt reserves | 689 | - | €350,405 | +€350,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,976 | €32,297 | -€90,679 | -73.7% |
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 18 October 2026 via checked.be.