BONAPARTE: 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.
BONAPARTE
Largest movements
- Tangible fixed assets +€58,828
up €58,828 (+68.7%), from €85,579 to €144,407
of which Other tangible fixed assets: +€74,202
- Receivables within one year -€58,302
down €58,302 (-23.3%), from €250,282 to €191,979
of which Other amounts receivable: -€67,281
- Intangible fixed assets -€20,000
down €20,000 (-100%), from €20,000 to €0
- Current investments +€16,041
new in 2025: €16,041
- Cash +€12,472
up €12,472 (+13.5%), from €92,509 to €104,981
mainly Receivables within one year (+€58,302) and Depreciation (+€50,323)
- Debts after one year -€36,619
down €36,619 (-45.3%), from €80,825 to €44,205
- Tax, wage and social debts +€16,626
up €16,626 (+23.8%), from €69,864 to €86,490
of which Taxes: +€12,707
- Trade debts +€11,412
up €11,412 (+9.0%), from €127,429 to €138,840
- Reserves +€9,405
up €9,405 (+6.5%), from €145,437 to €154,841
of which Distributable reserves: +€9,405
- Other debts -€8,778
down €8,778 (-100%), from €8,778 to €0
- Staff costs +€70,340
up €70,340 (+10.4%), from €678,661 to €749,001
- Depreciation -€22,251
down €22,251 (-30.7%), from €72,574 to €50,323
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 | €478,375 | €472,846 | -€5,529 | -1.2% |
| Fixed assets | 21/28 | €105,792 | €144,620 | +€38,828 | +36.7% |
| Intangible fixed assets | 21 | €20,000 | €0 | -€20,000 | -100% |
| Tangible fixed assets | 22/27 | €85,579 | €144,407 | +€58,828 | +68.7% |
| Plant, machinery and equipment | 23 | €42,602 | €40,429 | -€2,173 | -5.1% |
| Furniture and vehicles | 24 | €18,241 | €12,082 | -€6,159 | -33.8% |
| Leasing and similar rights | 25 | €24,427 | €17,384 | -€7,043 | -28.8% |
| Other tangible fixed assets | 26 | €310 | €74,512 | +€74,202 | +23,964% |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €372,583 | €328,226 | -€44,357 | -11.9% |
| Stocks and contracts in progress | 3 | €23,336 | €15,224 | -€8,112 | -34.8% |
| Stocks | 30/36 | €23,336 | €15,224 | -€8,112 | -34.8% |
| Amounts receivable within one year | 40/41 | €250,282 | €191,979 | -€58,302 | -23.3% |
| Trade receivables | 40 | €11,261 | €20,239 | +€8,978 | +79.7% |
| Other amounts receivable | 41 | €239,021 | €171,740 | -€67,281 | -28.1% |
| Current investments | 50/53 | - | €16,041 | +€16,041 | |
| Cash at bank and in hand | 54/58 | €92,509 | €104,981 | +€12,472 | +13.5% |
| Deferred charges and accrued income | 490/1 | €6,456 | €0 | -€6,456 | -100% |
| Total equity and liabilities | 10/49 | €478,375 | €472,846 | -€5,529 | -1.2% |
| Equity | 10/15 | €151,637 | €161,041 | +€9,405 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,437 | €154,841 | +€9,405 | +6.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €126,687 | €136,091 | +€9,405 | +7.4% |
| Amounts payable | 17/49 | €326,738 | €311,805 | -€14,934 | -4.6% |
| Amounts payable after more than one year | 17 | €80,825 | €44,205 | -€36,619 | -45.3% |
| Financial debts | 170/4 | €80,825 | €44,205 | -€36,619 | -45.3% |
| Amounts payable within one year | 42/48 | €245,807 | €267,599 | +€21,792 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €38,968 | €38,381 | -€587 | -1.5% |
| Financial debts | 43 | €770 | €3,889 | +€3,119 | +405% |
| Credit institutions | 430/8 | €770 | €3,889 | +€3,119 | +405% |
| Trade debts | 44 | €127,429 | €138,840 | +€11,412 | +9.0% |
| Suppliers | 440/4 | €127,429 | €138,840 | +€11,412 | +9.0% |
| Taxes, remuneration and social security | 45 | €69,864 | €86,490 | +€16,626 | +23.8% |
| Taxes | 450/3 | €12,979 | €25,686 | +€12,707 | +97.9% |
| Remuneration and social security | 454/9 | €56,885 | €60,804 | +€3,919 | +6.9% |
| Other amounts payable | 47/48 | €8,778 | €0 | -€8,778 | -100% |
| Accrued charges and deferred income | 492/3 | €107 | €0 | -€107 | -100% |
| Non-recurring operating income | 76A | - | €9,455 | +€9,455 | |
| Remuneration, social security and pensions | 62 | €678,661 | €749,001 | +€70,340 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,574 | €50,323 | -€22,251 | -30.7% |
| Other operating charges | 640/8 | €3,439 | €3,257 | -€182 | -5.3% |
| Non-recurring operating charges | 66A | - | €3,270 | +€3,270 | |
| Gross operating margin | 9900 | €828,314 | €827,935 | -€379 | 0.0% |
| Operating profit (loss) | 9901 | €73,639 | €22,083 | -€51,556 | -70.0% |
| Financial income | 75/76B | €4,829 | €5,650 | +€821 | +17.0% |
| Recurring financial income | 75 | €4,829 | €5,650 | +€821 | +17.0% |
| Financial charges | 65/66B | €19,509 | €18,098 | -€1,411 | -7.2% |
| Recurring financial charges | 65 | €19,509 | €18,098 | -€1,411 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €58,959 | €9,635 | -€49,324 | -83.7% |
| Income taxes | 67/77 | €359 | €230 | -€129 | -35.9% |
| Profit (loss) for the period | 9904 | €58,601 | €9,405 | -€49,196 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,601 | €9,405 | -€49,196 | -84.0% |
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.