Bonelli: 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.
Bonelli
Largest movements
- Current investments +€52,000
up €52,000 (+162.5%), from €32,000 to €84,000
- Cash -€25,049
down €25,049 (-61.2%), from €40,944 to €15,894
mainly Current investments (-€52,000) and Current portion of long-term debt (-€4,707)
- Tangible fixed assets -€3,306
down €3,306 (-28.0%), from €11,788 to €8,482
- Reserves +€27,512
up €27,512 (+43.0%), from €63,982 to €91,493
- Current portion of long-term debt -€4,707
down €4,707 (-83.0%), from €5,673 to €967
- Other debts +€1,518
up €1,518 (+39.7%), from €3,822 to €5,340
- Gross operating margin -€677
down €677 (-1.7%), from €39,747 to €39,069
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 | €97,076 | €120,763 | +€23,687 | +24.4% |
| Fixed assets | 21/28 | €11,788 | €8,482 | -€3,306 | -28.0% |
| Tangible fixed assets | 22/27 | €11,788 | €8,482 | -€3,306 | -28.0% |
| Furniture and vehicles | 24 | €11,788 | €8,482 | -€3,306 | -28.0% |
| Current assets | 29/58 | €85,289 | €112,281 | +€26,993 | +31.6% |
| Amounts receivable within one year | 40/41 | €12,208 | €12,100 | -€108 | -0.9% |
| Trade receivables | 40 | €12,208 | €12,100 | -€108 | -0.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €32,000 | €84,000 | +€52,000 | +162.5% |
| Cash at bank and in hand | 54/58 | €40,944 | €15,894 | -€25,049 | -61.2% |
| Deferred charges and accrued income | 490/1 | €137 | €287 | +€150 | +109.2% |
| Total equity and liabilities | 10/49 | €97,076 | €120,763 | +€23,687 | +24.4% |
| Equity | 10/15 | €64,982 | €92,493 | +€27,512 | +42.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,982 | €91,493 | +€27,512 | +43.0% |
| Distributable reserves | 133 | €63,982 | €91,493 | +€27,512 | +43.0% |
| Amounts payable | 17/49 | €32,095 | €28,270 | -€3,825 | -11.9% |
| Amounts payable after more than one year | 17 | €967 | €0 | -€967 | -100.0% |
| Financial debts | 170/4 | €967 | €0 | -€967 | -100.0% |
| Amounts payable within one year | 42/48 | €31,128 | €27,845 | -€3,283 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €5,673 | €967 | -€4,707 | -83.0% |
| Trade debts | 44 | €13 | €13 | = | 0.0% |
| Suppliers | 440/4 | €13 | €13 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,620 | €21,526 | -€94 | -0.4% |
| Taxes | 450/3 | €17,354 | €17,260 | -€94 | -0.5% |
| Remuneration and social security | 454/9 | €4,266 | €4,266 | = | 0.0% |
| Other amounts payable | 47/48 | €3,822 | €5,340 | +€1,518 | +39.7% |
| Accrued charges and deferred income | 492/3 | - | €425 | +€425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,306 | €3,306 | -€0 | 0.0% |
| Other operating charges | 640/8 | €604 | €749 | +€146 | +24.1% |
| Gross operating margin | 9900 | €39,747 | €39,069 | -€677 | -1.7% |
| Operating profit (loss) | 9901 | €35,837 | €35,014 | -€823 | -2.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €680 | €625 | -€55 | -8.1% |
| Recurring financial charges | 65 | €680 | €625 | -€55 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €35,158 | €34,390 | -€768 | -2.2% |
| Income taxes | 67/77 | €7,042 | €6,878 | -€164 | -2.3% |
| Profit (loss) for the period | 9904 | €28,116 | €27,512 | -€604 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,116 | €27,512 | -€604 | -2.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.