BONCS: 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.
BONCS
Largest movements
- Current investments +€185,001
new in 2025: €185,001
- Cash -€43,436
down €43,436 (-32.2%), from €134,824 to €91,388
mainly Contributions, distributions and other (-€800,798) and Current investments (-€185,001)
- Other debts +€683,525
up €683,525 (+2358.7%), from €28,979 to €712,504
- Profit (loss) carried forward -€442,306
down €442,306 (-63.6%), from €695,051 to €252,746
- Reserves -€105,747
down €105,747 (-92.2%), from €114,747 to €9,000
- Gross operating margin +€79,997
up €79,997 (+31.4%), from €254,528 to €334,526
- Taxes +€20,332
up €20,332 (+35.1%), from €57,878 to €78,209
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 | €933,128 | €1,075,258 | +€142,129 | +15.2% |
| Fixed assets | 21/28 | €796,768 | €796,710 | -€58 | 0.0% |
| Tangible fixed assets | 22/27 | €58 | €0 | -€58 | -100.0% |
| Furniture and vehicles | 24 | €58 | €0 | -€58 | -100.0% |
| Financial fixed assets | 28 | €796,710 | €796,710 | = | 0.0% |
| Current assets | 29/58 | €136,360 | €278,548 | +€142,188 | +104.3% |
| Amounts receivable within one year | 40/41 | €0 | €81 | +€81 | |
| Other amounts receivable | 41 | €0 | €81 | +€81 | |
| Current investments | 50/53 | - | €185,001 | +€185,001 | |
| Cash at bank and in hand | 54/58 | €134,824 | €91,388 | -€43,436 | -32.2% |
| Deferred charges and accrued income | 490/1 | €1,536 | €2,077 | +€541 | +35.2% |
| Total equity and liabilities | 10/49 | €933,128 | €1,075,258 | +€142,129 | +15.2% |
| Equity | 10/15 | €899,798 | €351,746 | -€548,053 | -60.9% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €114,747 | €9,000 | -€105,747 | -92.2% |
| Distributable reserves | 133 | €114,747 | €9,000 | -€105,747 | -92.2% |
| Profit (loss) carried forward | 14 | €695,051 | €252,746 | -€442,306 | -63.6% |
| Amounts payable | 17/49 | €33,330 | €723,512 | +€690,182 | +2070.7% |
| Amounts payable within one year | 42/48 | €33,330 | €723,512 | +€690,182 | +2070.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €708 | €444 | -€264 | -37.3% |
| Suppliers | 440/4 | €708 | €444 | -€264 | -37.3% |
| Taxes, remuneration and social security | 45 | €3,643 | €10,564 | +€6,921 | +190.0% |
| Taxes | 450/3 | €3,643 | €5,981 | +€2,338 | +64.2% |
| Remuneration and social security | 454/9 | €0 | €4,584 | +€4,584 | |
| Other amounts payable | 47/48 | €28,979 | €712,504 | +€683,525 | +2358.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €58 | -€101 | -63.4% |
| Other operating charges | 640/8 | €1,108 | €544 | -€564 | -50.9% |
| Gross operating margin | 9900 | €254,528 | €334,526 | +€79,997 | +31.4% |
| Operating profit (loss) | 9901 | €253,261 | €333,924 | +€80,663 | +31.8% |
| Financial income | 75/76B | €0 | €1,570 | +€1,570 | |
| Recurring financial income | 75 | €0 | €1,570 | +€1,570 | |
| Financial charges | 65/66B | €3,235 | €4,539 | +€1,304 | +40.3% |
| Recurring financial charges | 65 | €3,235 | €4,539 | +€1,304 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €250,026 | €330,955 | +€80,930 | +32.4% |
| Income taxes | 67/77 | €57,878 | €78,209 | +€20,332 | +35.1% |
| Profit (loss) for the period | 9904 | €192,148 | €252,746 | +€60,598 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €192,148 | €252,746 | +€60,598 | +31.5% |
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 8 October 2026 via checked.be.