BONAIR PROJECTS: 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.
BONAIR PROJECTS
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-46.2%), from €2.3m to €1.3m
- Receivables within one year -€83,561
down €83,561 (-33.4%), from €250,210 to €166,649
of which Trade receivables: -€73,743
- Advances received -€1.5m
down €1.5m (-60.2%), from €2.5m to €977,817
- Profit (loss) carried forward +€317,711
up €317,711, from -€317,711 to €0
- Other debts +€114,282
up €114,282 (+27.1%), from €422,156 to €536,437
- Current portion of long-term debt -€95,000
down €95,000 (-100.0%), from €95,000 to €0
- Gross operating margin +€543,779
up €543,779, from -€155,284 to €388,495
- Financial charges -€7,848
down €7,848 (-19.2%), from €40,928 to €33,080
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.
Cash bridge derived
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 | €2,911,778 | €1,773,821 | -€1.1m | -39.1% |
| Current assets | 29/58 | €2,911,778 | €1,773,821 | -€1.1m | -39.1% |
| Stocks and contracts in progress | 3 | €2,329,998 | €1,253,009 | -€1.1m | -46.2% |
| Stocks | 30/36 | €2,329,998 | €1,253,009 | -€1.1m | -46.2% |
| Amounts receivable within one year | 40/41 | €250,210 | €166,649 | -€83,561 | -33.4% |
| Trade receivables | 40 | €240,392 | €166,649 | -€73,743 | -30.7% |
| Other amounts receivable | 41 | €9,818 | €0 | -€9,818 | -100.0% |
| Cash at bank and in hand | 54/58 | €331,570 | €354,163 | +€22,593 | +6.8% |
| Total equity and liabilities | 10/49 | €2,911,778 | €1,773,821 | -€1.1m | -39.1% |
| Equity | 10/15 | -€297,251 | €23,335 | +€320,586 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €4,735 | +€2,875 | +154.6% |
| Distributable reserves | 133 | €1,860 | €4,735 | +€2,875 | +154.6% |
| Profit (loss) carried forward | 14 | -€317,711 | €0 | +€317,711 | |
| Amounts payable | 17/49 | €3,209,029 | €1,750,487 | -€1.5m | -45.5% |
| Amounts payable within one year | 42/48 | €3,209,029 | €1,740,418 | -€1.5m | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €95,000 | €0 | -€95,000 | -100.0% |
| Trade debts | 44 | €198,848 | €199,035 | +€187 | +0.1% |
| Suppliers | 440/4 | €198,848 | €199,035 | +€187 | +0.1% |
| Advances received on contracts in progress | 46 | €2,454,394 | €977,817 | -€1.5m | -60.2% |
| Taxes, remuneration and social security | 45 | €38,631 | €27,129 | -€11,502 | -29.8% |
| Taxes | 450/3 | €38,631 | €27,129 | -€11,502 | -29.8% |
| Other amounts payable | 47/48 | €422,156 | €536,437 | +€114,282 | +27.1% |
| Accrued charges and deferred income | 492/3 | - | €10,069 | +€10,069 | |
| Other operating charges | 640/8 | €126 | €138 | +€12 | +9.5% |
| Gross operating margin | 9900 | -€155,284 | €388,495 | +€543,779 | |
| Operating profit (loss) | 9901 | -€155,410 | €388,357 | +€543,767 | |
| Financial income | 75/76B | €2,405 | €5,597 | +€3,192 | +132.7% |
| Recurring financial income | 75 | €2,405 | €5,597 | +€3,192 | +132.7% |
| Financial charges | 65/66B | €40,928 | €33,080 | -€7,848 | -19.2% |
| Recurring financial charges | 65 | €40,928 | €33,080 | -€7,848 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€193,933 | €360,873 | +€554,807 | |
| Income taxes | 67/77 | - | €287 | +€287 | |
| Profit (loss) for the period | 9904 | -€193,933 | €360,586 | +€554,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€193,933 | €360,586 | +€554,519 |
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 11 October 2026 via checked.be.