BONDM: 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.
BONDM
Largest movements
- Receivables within one year -€3,516
down €3,516 (-13.4%), from €26,193 to €22,677
of which Other amounts receivable: -€2,207
- Cash -€1,810
down €1,810 (-43.2%), from €4,186 to €2,376
mainly Net result for the year (-€14,120)
- Formation expenses -€621
down €621 (-36.7%), from €1,694 to €1,073
- Tangible fixed assets -€333
down €333 (-100.0%), from €333 to €0
of which Furniture and vehicles: -€170
- Profit (loss) carried forward -€14,120
down €14,120 (-46.4%), from €30,461 to €16,341
- Tax, wage and social debts +€4,059
up €4,059 (+763.3%), from €532 to €4,590
- Other debts +€2,980
up €2,980 (+298.5%), from €998 to €3,978
- Trade debts +€605
up €605 (+541.5%), from €112 to €716
- Gross operating margin -€13,095
down €13,095, from €2,340 to -€10,755
- Taxes -€915
down €915 (-83.5%), from €1,096 to €181
- Depreciation -€875
down €875 (-47.8%), from €1,829 to €954
- Financial charges -€715
down €715 (-48.6%), from €1,470 to €755
- Other operating charges +€532
up €532 (+56.4%), from €943 to €1,475
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 | €32,603 | €26,126 | -€6,477 | -19.9% |
| Formation expenses | 20 | €1,694 | €1,073 | -€621 | -36.7% |
| Fixed assets | 21/28 | €333 | €0 | -€333 | -100.0% |
| Tangible fixed assets | 22/27 | €333 | €0 | -€333 | -100.0% |
| Plant, machinery and equipment | 23 | €163 | €0 | -€163 | -100.0% |
| Furniture and vehicles | 24 | €170 | €0 | -€170 | -100.0% |
| Current assets | 29/58 | €30,575 | €25,053 | -€5,523 | -18.1% |
| Amounts receivable within one year | 40/41 | €26,193 | €22,677 | -€3,516 | -13.4% |
| Trade receivables | 40 | €23,983 | €22,674 | -€1,310 | -5.5% |
| Other amounts receivable | 41 | €2,210 | €3 | -€2,207 | -99.8% |
| Cash at bank and in hand | 54/58 | €4,186 | €2,376 | -€1,810 | -43.2% |
| Deferred charges and accrued income | 490/1 | €196 | €0 | -€196 | -100.0% |
| Total equity and liabilities | 10/49 | €32,603 | €26,126 | -€6,477 | -19.9% |
| Equity | 10/15 | €30,961 | €16,841 | -€14,120 | -45.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,461 | €16,341 | -€14,120 | -46.4% |
| Amounts payable | 17/49 | €1,642 | €9,285 | +€7,643 | +465.5% |
| Amounts payable within one year | 42/48 | €1,642 | €9,285 | +€7,643 | +465.5% |
| Trade debts | 44 | €112 | €716 | +€605 | +541.5% |
| Suppliers | 440/4 | €112 | €716 | +€605 | +541.5% |
| Taxes, remuneration and social security | 45 | €532 | €4,590 | +€4,059 | +763.3% |
| Taxes | 450/3 | €532 | €4,590 | +€4,059 | +763.3% |
| Other amounts payable | 47/48 | €998 | €3,978 | +€2,980 | +298.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,829 | €954 | -€875 | -47.8% |
| Other operating charges | 640/8 | €943 | €1,475 | +€532 | +56.4% |
| Gross operating margin | 9900 | €2,340 | -€10,755 | -€13,095 | |
| Operating profit (loss) | 9901 | -€431 | -€13,184 | -€12,752 | -2955.7% |
| Financial charges | 65/66B | €1,470 | €755 | -€715 | -48.6% |
| Recurring financial charges | 65 | €1,470 | €755 | -€715 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,902 | -€13,939 | -€12,037 | -632.9% |
| Income taxes | 67/77 | €1,096 | €181 | -€915 | -83.5% |
| Profit (loss) for the period | 9904 | -€2,998 | -€14,120 | -€11,122 | -371.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,998 | -€14,120 | -€11,122 | -371.0% |
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 6 October 2026 via checked.be.