BONDIS: 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.
BONDIS
Largest movements
- Tangible fixed assets +€943,502
up €943,502 (+5,182%), from €18,207 to €961,709
of which Land and buildings: +€948,710
- Financial fixed assets -€280,272
down €280,272 (-99.9%), from €280,582 to €310
- Intangible fixed assets +€81,810
up €81,810 (+2,658%), from €3,077 to €84,887
- Deferred charges and accrued income +€29,176
up €29,176 (+389%), from €7,508 to €36,684
- Cash -€18,756
down €18,756 (-17.7%), from €105,697 to €86,941
mainly Investment in fixed assets (net) (-€796,418) and Contributions, distributions and other (-€51,366)
- Debts after one year +€613,566
up €613,566 (+835%), from €73,457 to €687,023
- Other debts +€46,666
up €46,666 (+33.3%), from €140,136 to €186,802
- Reserves +€31,747
up €31,747 (+10.5%), from €303,559 to €335,305
- Current portion of long-term debt +€29,666
up €29,666 (+145%), from €20,418 to €50,084
- Tax, wage and social debts +€29,654
up €29,654 (+121%), from €24,529 to €54,183
of which Remuneration and social security: +€25,276
- Gross operating margin +€263,986
up €263,986 (+110%), from €239,035 to €503,021
- Staff costs +€155,887
up €155,887 (+109%), from €142,574 to €298,461
- Depreciation +€37,710
up €37,710 (+276%), from €13,669 to €51,378
- Financial income -€27,436
down €27,436 (-73.7%), from €37,245 to €9,809
of which Non-recurring financial income: -€32,950
- Financial charges +€21,458
up €21,458 (+343%), from €6,249 to €27,706
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 | €846,209 | €1,610,242 | +€764,033 | +90.3% |
| Fixed assets | 21/28 | €301,866 | €1,046,906 | +€745,040 | +247% |
| Intangible fixed assets | 21 | €3,077 | €84,887 | +€81,810 | +2,658% |
| Tangible fixed assets | 22/27 | €18,207 | €961,709 | +€943,502 | +5,182% |
| Land and buildings | 22 | - | €948,710 | +€948,710 | |
| Plant, machinery and equipment | 23 | €12,823 | €10,056 | -€2,767 | -21.6% |
| Furniture and vehicles | 24 | €5,383 | €2,942 | -€2,441 | -45.3% |
| Financial fixed assets | 28 | €280,582 | €310 | -€280,272 | -99.9% |
| Current assets | 29/58 | €544,343 | €563,336 | +€18,993 | +3.5% |
| Stocks and contracts in progress | 3 | €261,992 | €267,541 | +€5,549 | +2.1% |
| Stocks | 30/36 | €261,992 | €267,541 | +€5,549 | +2.1% |
| Amounts receivable within one year | 40/41 | €169,146 | €172,171 | +€3,024 | +1.8% |
| Trade receivables | 40 | €165,410 | €170,222 | +€4,812 | +2.9% |
| Other amounts receivable | 41 | €3,736 | €1,949 | -€1,787 | -47.8% |
| Cash at bank and in hand | 54/58 | €105,697 | €86,941 | -€18,756 | -17.7% |
| Deferred charges and accrued income | 490/1 | €7,508 | €36,684 | +€29,176 | +389% |
| Total equity and liabilities | 10/49 | €846,209 | €1,610,242 | +€764,033 | +90.3% |
| Equity | 10/15 | €433,476 | €465,222 | +€31,747 | +7.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €303,559 | €335,305 | +€31,747 | +10.5% |
| Distributable reserves | 133 | €303,559 | €335,305 | +€31,747 | +10.5% |
| Profit (loss) carried forward | 14 | €79,917 | €79,917 | = | 0.0% |
| Amounts payable | 17/49 | €412,733 | €1,145,019 | +€732,286 | +177% |
| Amounts payable after more than one year | 17 | €73,457 | €687,023 | +€613,566 | +835% |
| Financial debts | 170/4 | €73,457 | €687,023 | +€613,566 | +835% |
| Amounts payable within one year | 42/48 | €339,276 | €452,187 | +€112,911 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €20,418 | €50,084 | +€29,666 | +145% |
| Financial debts | 43 | €7,639 | €22,589 | +€14,949 | +196% |
| Credit institutions | 430/8 | €7,639 | €22,589 | +€14,949 | +196% |
| Trade debts | 44 | €146,554 | €138,530 | -€8,024 | -5.5% |
| Suppliers | 440/4 | €146,554 | €138,530 | -€8,024 | -5.5% |
| Taxes, remuneration and social security | 45 | €24,529 | €54,183 | +€29,654 | +121% |
| Taxes | 450/3 | €12,602 | €16,980 | +€4,378 | +34.7% |
| Remuneration and social security | 454/9 | €11,927 | €37,202 | +€25,276 | +212% |
| Other amounts payable | 47/48 | €140,136 | €186,802 | +€46,666 | +33.3% |
| Accrued charges and deferred income | 492/3 | - | €5,809 | +€5,809 | |
| Remuneration, social security and pensions | 62 | €142,574 | €298,461 | +€155,887 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,669 | €51,378 | +€37,710 | +276% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,138 | €388 | -€1,750 | -81.8% |
| Other operating charges | 640/8 | €3,115 | €3,295 | +€180 | +5.8% |
| Gross operating margin | 9900 | €239,035 | €503,021 | +€263,986 | +110% |
| Operating profit (loss) | 9901 | €77,539 | €149,499 | +€71,960 | +92.8% |
| Financial income | 75/76B | €37,245 | €9,809 | -€27,436 | -73.7% |
| Recurring financial income | 75 | €4,295 | €9,809 | +€5,514 | +128% |
| Non-recurring financial income | 76B | €32,950 | - | -€32,950 | |
| Financial charges | 65/66B | €6,249 | €27,706 | +€21,458 | +343% |
| Recurring financial charges | 65 | €6,249 | €27,706 | +€21,458 | +343% |
| Profit (loss) for the period before taxes | 9903 | €108,535 | €131,601 | +€23,067 | +21.3% |
| Income taxes | 67/77 | €28,056 | €48,488 | +€20,432 | +72.8% |
| Profit (loss) for the period | 9904 | €80,479 | €83,113 | +€2,634 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,479 | €83,113 | +€2,634 | +3.3% |
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 22 October 2026 via checked.be.