BONAFIDE: 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.
BONAFIDE
Largest movements
- Deferred charges and accrued income +€79,918
up €79,918 (+5,895%), from €1,356 to €81,274
- Stocks and contracts +€62,086
up €62,086 (+1,073%), from €5,788 to €67,874
- Receivables within one year -€33,557
down €33,557 (-54.1%), from €62,054 to €28,497
- Cash -€10,803
no longer reported in 2025 (was €10,803)
mainly Deferred charges and accrued income (-€79,918) and Stocks and contracts (-€62,086)
- Tangible fixed assets +€2,557
up €2,557 (+43.2%), from €5,922 to €8,479
of which Land and buildings: +€3,152
- Debts after one year +€63,192
new in 2025: €63,192
- Reserves +€27,479
up €27,479 (+95.5%), from €28,788 to €56,267
of which Distributable reserves: +€27,479
- Short-term financial debts +€8,728
up €8,728 (+49.0%), from €17,814 to €26,542
- Other debts -€5,202
down €5,202 (-47.4%), from €10,972 to €5,771
- Trade debts +€5,106
new in 2025: €5,106
- Gross operating margin +€48,292
up €48,292 (+84.6%), from €57,057 to €105,348
- Taxes +€11,646
up €11,646 (+3,717%), from €313 to €11,959
- Financial charges +€7,058
up €7,058 (+315%), from €2,238 to €9,296
- Staff costs +€3,374
up €3,374 (+6.8%), from €49,324 to €52,698
- Other operating charges +€1,775
up €1,775 (+239%), from €743 to €2,518
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 | €85,923 | €186,123 | +€100,200 | +117% |
| Fixed assets | 21/28 | €5,922 | €8,479 | +€2,557 | +43.2% |
| Tangible fixed assets | 22/27 | €5,922 | €8,479 | +€2,557 | +43.2% |
| Land and buildings | 22 | €3,775 | €6,927 | +€3,152 | +83.5% |
| Plant, machinery and equipment | 23 | €1,440 | €1,120 | -€320 | -22.2% |
| Furniture and vehicles | 24 | €708 | €432 | -€275 | -38.9% |
| Current assets | 29/58 | €80,001 | €177,644 | +€97,644 | +122% |
| Stocks and contracts in progress | 3 | €5,788 | €67,874 | +€62,086 | +1,073% |
| Stocks | 30/36 | €5,788 | €67,874 | +€62,086 | +1,073% |
| Amounts receivable within one year | 40/41 | €62,054 | €28,497 | -€33,557 | -54.1% |
| Trade receivables | 40 | €62,054 | €28,497 | -€33,557 | -54.1% |
| Cash at bank and in hand | 54/58 | €10,803 | - | -€10,803 | |
| Deferred charges and accrued income | 490/1 | €1,356 | €81,274 | +€79,918 | +5,895% |
| Total equity and liabilities | 10/49 | €85,923 | €186,123 | +€100,200 | +117% |
| Equity | 10/15 | €47,388 | €74,867 | +€27,479 | +58.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,788 | €56,267 | +€27,479 | +95.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,928 | €54,407 | +€27,479 | +102% |
| Amounts payable | 17/49 | €38,535 | €111,256 | +€72,722 | +189% |
| Amounts payable after more than one year | 17 | - | €63,192 | +€63,192 | |
| Financial debts | 170/4 | - | €63,192 | +€63,192 | |
| Amounts payable within one year | 42/48 | €35,626 | €47,493 | +€11,867 | +33.3% |
| Financial debts | 43 | €17,814 | €26,542 | +€8,728 | +49.0% |
| Credit institutions | 430/8 | €17,814 | €26,542 | +€8,728 | +49.0% |
| Trade debts | 44 | - | €5,106 | +€5,106 | |
| Suppliers | 440/4 | - | €5,106 | +€5,106 | |
| Taxes, remuneration and social security | 45 | €6,840 | €10,075 | +€3,235 | +47.3% |
| Taxes | 450/3 | €4,517 | €7,668 | +€3,151 | +69.7% |
| Remuneration and social security | 454/9 | €2,322 | €2,407 | +€85 | +3.6% |
| Other amounts payable | 47/48 | €10,972 | €5,771 | -€5,202 | -47.4% |
| Accrued charges and deferred income | 492/3 | €2,909 | €571 | -€2,338 | -80.4% |
| Non-recurring operating income | 76A | €23,970 | - | -€23,970 | |
| Remuneration, social security and pensions | 62 | €49,324 | €52,698 | +€3,374 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,581 | €1,495 | -€86 | -5.4% |
| Other operating charges | 640/8 | €743 | €2,518 | +€1,775 | +239% |
| Gross operating margin | 9900 | €57,057 | €105,348 | +€48,292 | +84.6% |
| Operating profit (loss) | 9901 | €5,408 | €48,637 | +€43,229 | +799% |
| Financial income | 75/76B | €294 | €97 | -€197 | -67.0% |
| Recurring financial income | 75 | €294 | €97 | -€197 | -67.0% |
| Financial charges | 65/66B | €2,238 | €9,296 | +€7,058 | +315% |
| Recurring financial charges | 65 | €2,238 | €9,296 | +€7,058 | +315% |
| Profit (loss) for the period before taxes | 9903 | €3,464 | €39,438 | +€35,974 | +1,039% |
| Income taxes | 67/77 | €313 | €11,959 | +€11,646 | +3,717% |
| Profit (loss) for the period | 9904 | €3,151 | €27,479 | +€24,328 | +772% |
| Profit (loss) for the period to be appropriated | 9905 | €3,151 | €27,479 | +€24,328 | +772% |
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 17 October 2026 via checked.be.