BONAIRE: 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.
BONAIRE
Largest movements
- Stocks and contracts +€110,116
up €110,116 (+28.8%), from €382,241 to €492,357
- Receivables within one year -€104,142
down €104,142 (-60.5%), from €172,032 to €67,890
of which Trade receivables: -€95,566
- Tangible fixed assets -€66,651
down €66,651 (-12.9%), from €515,610 to €448,960
of which Other tangible fixed assets: -€60,882
- Cash -€20,319
down €20,319 (-18.6%), from €109,224 to €88,904
mainly Stocks and contracts (-€110,116) and Debts after one year (-€67,582)
- Debts after one year -€67,582
down €67,582 (-44.5%), from €151,986 to €84,404
- Trade debts -€22,884
down €22,884 (-25.4%), from €90,180 to €67,296
- Other debts +€13,793
up €13,793 (+202%), from €6,819 to €20,612
- Gross operating margin -€388,334
down €388,334 (-41.2%), from €942,114 to €553,780
- Staff costs -€280,392
down €280,392 (-37.7%), from €743,008 to €462,616
- Other operating charges -€35,031
down €35,031 (-77.6%), from €45,143 to €10,111
- Depreciation -€27,035
down €27,035 (-25.0%), from €108,229 to €81,194
- Financial charges -€17,424
down €17,424 (-45.4%), from €38,367 to €20,944
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 | €1,191,808 | €1,113,835 | -€77,974 | -6.5% |
| Fixed assets | 21/28 | €525,656 | €459,005 | -€66,651 | -12.7% |
| Tangible fixed assets | 22/27 | €515,610 | €448,960 | -€66,651 | -12.9% |
| Plant, machinery and equipment | 23 | €12,500 | €10,577 | -€1,923 | -15.4% |
| Furniture and vehicles | 24 | €4,970 | €1,125 | -€3,845 | -77.4% |
| Other tangible fixed assets | 26 | €498,140 | €437,258 | -€60,882 | -12.2% |
| Financial fixed assets | 28 | €10,045 | €10,045 | = | 0.0% |
| Current assets | 29/58 | €666,153 | €654,829 | -€11,323 | -1.7% |
| Stocks and contracts in progress | 3 | €382,241 | €492,357 | +€110,116 | +28.8% |
| Stocks | 30/36 | €382,241 | €492,357 | +€110,116 | +28.8% |
| Amounts receivable within one year | 40/41 | €172,032 | €67,890 | -€104,142 | -60.5% |
| Trade receivables | 40 | €122,126 | €26,561 | -€95,566 | -78.3% |
| Other amounts receivable | 41 | €49,906 | €41,330 | -€8,577 | -17.2% |
| Cash at bank and in hand | 54/58 | €109,224 | €88,904 | -€20,319 | -18.6% |
| Deferred charges and accrued income | 490/1 | €2,656 | €5,678 | +€3,022 | +114% |
| Total equity and liabilities | 10/49 | €1,191,808 | €1,113,835 | -€77,974 | -6.5% |
| Equity | 10/15 | €691,789 | €694,309 | +€2,520 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €673,189 | €675,709 | +€2,520 | +0.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €22,250 | €22,250 | = | 0.0% |
| Distributable reserves | 133 | €650,939 | €653,459 | +€2,520 | +0.4% |
| Amounts payable | 17/49 | €500,020 | €419,526 | -€80,494 | -16.1% |
| Amounts payable after more than one year | 17 | €151,986 | €84,404 | -€67,582 | -44.5% |
| Financial debts | 170/4 | €151,986 | €84,404 | -€67,582 | -44.5% |
| Amounts payable within one year | 42/48 | €348,034 | €333,338 | -€14,696 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €74,989 | €67,582 | -€7,407 | -9.9% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €90,180 | €67,296 | -€22,884 | -25.4% |
| Suppliers | 440/4 | €90,180 | €67,296 | -€22,884 | -25.4% |
| Taxes, remuneration and social security | 45 | €101,046 | €102,848 | +€1,803 | +1.8% |
| Taxes | 450/3 | €13,859 | €20,539 | +€6,680 | +48.2% |
| Remuneration and social security | 454/9 | €87,187 | €82,309 | -€4,877 | -5.6% |
| Other amounts payable | 47/48 | €6,819 | €20,612 | +€13,793 | +202% |
| Accrued charges and deferred income | 492/3 | - | €1,784 | +€1,784 | |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €743,008 | €462,616 | -€280,392 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,229 | €81,194 | -€27,035 | -25.0% |
| Other operating charges | 640/8 | €45,143 | €10,111 | -€35,031 | -77.6% |
| Gross operating margin | 9900 | €942,114 | €553,780 | -€388,334 | -41.2% |
| Operating profit (loss) | 9901 | €45,733 | -€142 | -€45,875 | |
| Financial income | 75/76B | €26,798 | €23,606 | -€3,192 | -11.9% |
| Recurring financial income | 75 | €26,798 | €23,606 | -€3,192 | -11.9% |
| Financial charges | 65/66B | €38,367 | €20,944 | -€17,424 | -45.4% |
| Recurring financial charges | 65 | €38,367 | €20,944 | -€17,424 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €34,163 | €2,520 | -€31,643 | -92.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €34,163 | €2,520 | -€31,643 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,163 | €2,520 | -€31,643 | -92.6% |
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 27 October 2026 via checked.be.