BONAVENTURE: what changed
Two fiscal 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.
What changed
BONAVENTURE
NACE 46.495, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€30,787
2024 · -€174,634+€143,847
Equity
€819,458
2024 · €925,245-€105,787
Cash
€26,141
2024 · €54,242-€28,101
Balance sheet total
€2.5m
2024 · €2.9m-€382,601
Largest movements
Assets
- Stocks and contracts -€307,819
down €307,819 (-13.4%), from €2.3m to €2.0m
- Tangible fixed assets -€36,932
down €36,932 (-11.5%), from €320,962 to €284,030
Equity and liabilities
- Short-term financial debts -€258,750
down €258,750 (-24.2%), from €1.1m to €810,000
- Reserves -€105,787
down €105,787 (-12.8%), from €825,245 to €719,458
of which Distributable reserves: -€105,787
Income statement
- Gross operating margin +€89,520
up €89,520 (+70.3%), from €127,264 to €216,784
- Financial charges -€88,287
down €88,287 (-66.8%), from €132,072 to €43,785
- Staff costs +€35,758
up €35,758 (+31.8%), from €112,522 to €148,279
- Depreciation -€5,488
down €5,488 (-12.7%), from €43,115 to €37,626
- Financial income -€3,600
down €3,600 (-54.5%), from €6,607 to €3,007
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.
Result 2024
-€174,634
Gross operating margin
+€89,520
Staff costs
-€35,758
Depreciation
+€5,488
Other operating charges
-€103
Financial income
-€3,600
Financial charges
+€88,287
Taxes
+€13
Result 2025
-€30,787
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.
From operations
+€319,565
Investment
-€694
Financing
-€346,972
Cash 2024
€54,242
From operations (derived)
+€319,565
Net result for the year
-€30,787
Depreciation
+€37,626
Stocks and contracts
+€307,819
Receivables within one year
+€9,854
Deferred charges and accrued income
-€105
Trade debts
-€2,618
Tax, wage and social debts
-€4,450
Other debts
+€2,226
Investment (derived)
-€694
Investment in fixed assets (net)
-€694
Financing
-€346,972
Debts after one year
-€7,126
Current portion of long-term debt
-€6,095
Short-term financial debts
-€258,750
Contributions, distributions and other
-€75,000
Cash 2025
€26,141
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,862,779 | €2,480,179 | -€382,601 | -13.4% |
| Fixed assets | 21/28 | €320,962 | €284,030 | -€36,932 | -11.5% |
| Tangible fixed assets | 22/27 | €320,962 | €284,030 | -€36,932 | -11.5% |
| Land and buildings | 22 | €292,949 | €275,047 | -€17,901 | -6.1% |
| Plant, machinery and equipment | 23 | €5,594 | €2,859 | -€2,735 | -48.9% |
| Furniture and vehicles | 24 | €4,379 | €1,014 | -€3,365 | -76.8% |
| Leasing and similar rights | 25 | €18,040 | €5,109 | -€12,931 | -71.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,541,817 | €2,196,149 | -€345,668 | -13.6% |
| Stocks and contracts in progress | 3 | €2,303,833 | €1,996,014 | -€307,819 | -13.4% |
| Stocks | 30/36 | €2,303,833 | €1,996,014 | -€307,819 | -13.4% |
| Amounts receivable within one year | 40/41 | €175,028 | €165,174 | -€9,854 | -5.6% |
| Trade receivables | 40 | €155,838 | €150,971 | -€4,867 | -3.1% |
| Other amounts receivable | 41 | €19,190 | €14,203 | -€4,987 | -26.0% |
| Cash at bank and in hand | 54/58 | €54,242 | €26,141 | -€28,101 | -51.8% |
| Deferred charges and accrued income | 490/1 | €8,714 | €8,819 | +€105 | +1.2% |
| Total equity and liabilities | 10/49 | €2,862,779 | €2,480,179 | -€382,601 | -13.4% |
| Equity | 10/15 | €925,245 | €819,458 | -€105,787 | -11.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €825,245 | €719,458 | -€105,787 | -12.8% |
| Tax-exempt reserves | 132 | €312 | €312 | = | 0.0% |
| Distributable reserves | 133 | €824,933 | €719,147 | -€105,787 | -12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,937,535 | €1,660,721 | -€276,814 | -14.3% |
| Amounts payable after more than one year | 17 | €7,126 | €0 | -€7,126 | -100.0% |
| Financial debts | 170/4 | €7,126 | €0 | -€7,126 | -100.0% |
| Amounts payable within one year | 42/48 | €1,930,408 | €1,660,721 | -€269,688 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €13,222 | €7,126 | -€6,095 | -46.1% |
| Financial debts | 43 | €1,068,750 | €810,000 | -€258,750 | -24.2% |
| Credit institutions | 430/8 | €1,068,750 | €810,000 | -€258,750 | -24.2% |
| Trade debts | 44 | €251,300 | €248,682 | -€2,618 | -1.0% |
| Suppliers | 440/4 | €251,300 | €248,682 | -€2,618 | -1.0% |
| Taxes, remuneration and social security | 45 | €46,229 | €41,779 | -€4,450 | -9.6% |
| Taxes | 450/3 | €33,466 | €15,952 | -€17,515 | -52.3% |
| Remuneration and social security | 454/9 | €12,763 | €25,827 | +€13,064 | +102.4% |
| Other amounts payable | 47/48 | €550,907 | €553,133 | +€2,226 | +0.4% |
| Non-recurring operating income | 76A | - | €237 | +€237 | |
| Remuneration, social security and pensions | 62 | €112,522 | €148,279 | +€35,758 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,115 | €37,626 | -€5,488 | -12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €19,950 | €20,053 | +€103 | +0.5% |
| Gross operating margin | 9900 | €127,264 | €216,784 | +€89,520 | +70.3% |
| Operating profit (loss) | 9901 | -€48,323 | €10,825 | +€59,147 | |
| Financial income | 75/76B | €6,607 | €3,007 | -€3,600 | -54.5% |
| Recurring financial income | 75 | €6,607 | €3,007 | -€3,600 | -54.5% |
| Financial charges | 65/66B | €132,072 | €43,785 | -€88,287 | -66.8% |
| Recurring financial charges | 65 | €132,072 | €43,785 | -€88,287 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | -€173,788 | -€29,954 | +€143,835 | +82.8% |
| Income taxes | 67/77 | €846 | €833 | -€13 | -1.5% |
| Profit (loss) for the period | 9904 | -€174,634 | -€30,787 | +€143,847 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,634 | -€30,787 | +€143,847 | +82.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.