Boneff: 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.
Boneff
Largest movements
- Receivables after one year -€8.5m
down €8.5m (-100%), from €8.5m to €0
- Receivables within one year +€8.5m
up €8.5m (+76,229%), from €11,137 to €8.5m
of which Other amounts receivable: +€8.5m
- Debts after one year -€11.6m
down €11.6m (-100%), from €11.6m to €0
- Current portion of long-term debt +€11.3m
up €11.3m (+3,783%), from €299,000 to €11.6m
- Gross operating margin +€88,707
up €88,707 (+11.9%), from €742,393 to €831,101
- Depreciation -€27,281
down €27,281 (-20.7%), from €131,899 to €104,619
- Financial charges +€16,459
up €16,459 (+2.8%), from €584,935 to €601,394
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 | €11,519,330 | €11,334,979 | -€184,350 | -1.6% |
| Fixed assets | 21/28 | €2,672,267 | €2,567,648 | -€104,619 | -3.9% |
| Tangible fixed assets | 22/27 | €2,672,267 | €2,567,648 | -€104,619 | -3.9% |
| Land and buildings | 22 | €2,672,267 | €2,567,648 | -€104,619 | -3.9% |
| Current assets | 29/58 | €8,847,063 | €8,767,331 | -€79,732 | -0.9% |
| Amounts receivable after more than one year | 29 | €8,542,082 | €0 | -€8.5m | -100% |
| Other amounts receivable | 291 | €8,542,082 | €0 | -€8.5m | -100% |
| Amounts receivable within one year | 40/41 | €11,137 | €8,500,734 | +€8.5m | +76,229% |
| Trade receivables | 40 | €6,102 | €0 | -€6,102 | -100% |
| Other amounts receivable | 41 | €5,035 | €8,500,734 | +€8.5m | +168,729% |
| Cash at bank and in hand | 54/58 | €258,236 | €266,597 | +€8,361 | +3.2% |
| Deferred charges and accrued income | 490/1 | €35,608 | €0 | -€35,608 | -100% |
| Total equity and liabilities | 10/49 | €11,519,330 | €11,334,979 | -€184,350 | -1.6% |
| Equity | 10/15 | -€561,021 | -€446,885 | +€114,136 | +20.3% |
| Contributions | 10/11 | €1,450,630 | €1,450,630 | = | 0.0% |
| Contributions outside capital | 11 | €1,450,630 | €1,450,630 | = | 0.0% |
| Share premium | 1100/10 | €1,450,630 | €1,450,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,011,650 | -€1,897,514 | +€114,136 | +5.7% |
| Amounts payable | 17/49 | €12,080,350 | €11,781,864 | -€298,487 | -2.5% |
| Amounts payable after more than one year | 17 | €11,610,000 | €0 | -€11.6m | -100% |
| Financial debts | 170/4 | €11,610,000 | €0 | -€11.6m | -100% |
| Amounts payable within one year | 42/48 | €318,329 | €11,633,659 | +€11.3m | +3,555% |
| Current portion of amounts payable after more than one year | 42 | €299,000 | €11,610,000 | +€11.3m | +3,783% |
| Trade debts | 44 | €19,329 | €23,659 | +€4,330 | +22.4% |
| Suppliers | 440/4 | €19,329 | €23,659 | +€4,330 | +22.4% |
| Accrued charges and deferred income | 492/3 | €152,022 | €148,205 | -€3,817 | -2.5% |
| Non-recurring operating income | 76A | €18,681 | - | -€18,681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,899 | €104,619 | -€27,281 | -20.7% |
| Other operating charges | 640/8 | €129,868 | €133,861 | +€3,993 | +3.1% |
| Gross operating margin | 9900 | €742,393 | €831,101 | +€88,707 | +11.9% |
| Operating profit (loss) | 9901 | €480,626 | €592,621 | +€111,995 | +23.3% |
| Financial income | 75/76B | €125,063 | €122,908 | -€2,155 | -1.7% |
| Recurring financial income | 75 | €125,063 | €122,908 | -€2,155 | -1.7% |
| Financial charges | 65/66B | €584,935 | €601,394 | +€16,459 | +2.8% |
| Recurring financial charges | 65 | €584,935 | €601,394 | +€16,459 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €20,755 | €114,136 | +€93,381 | +450% |
| Profit (loss) for the period | 9904 | €20,755 | €114,136 | +€93,381 | +450% |
| Profit (loss) for the period to be appropriated | 9905 | €20,755 | €114,136 | +€93,381 | +450% |
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 21 October 2026 via checked.be.