BONET GROUP: 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.
BONET GROUP
Largest movements
- Tangible fixed assets +€796,152
up €796,152 (+519%), from €153,454 to €949,605
of which Land and buildings: +€790,122
- Cash -€324,704
down €324,704 (-72.2%), from €449,658 to €124,954
mainly Investment in fixed assets (net) (-€798,431) and Receivables within one year (-€158,746)
- Receivables within one year +€158,746
up €158,746 (+253%), from €62,695 to €221,441
of which Other amounts receivable: +€135,141
- Receivables after one year -€113,045
no longer reported in 2025 (was €113,045)
- Current investments +€99,373
new in 2025: €99,373
- Debts after one year +€636,997
up €636,997 (+495%), from €128,686 to €765,683
of which Financial debts: +€634,667
- Trade debts +€145,941
up €145,941 (+4,246%), from €3,437 to €149,378
- Other debts -€108,643
down €108,643 (-20.4%), from €533,398 to €424,754
- Tax, wage and social debts -€74,285
no longer reported in 2025 (was €74,285)
- Reserves +€71,250
up €71,250 (+251%), from €28,394 to €99,644
- Gross operating margin -€274,592
down €274,592 (-73.6%), from €373,066 to €98,474
- Taxes -€74,851
down €74,851 (-85.2%), from €87,814 to €12,963
- Financial charges +€4,133
up €4,133 (+64.2%), from €6,442 to €10,575
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 | €779,116 | €1,476,356 | +€697,240 | +89.5% |
| Fixed assets | 21/28 | €153,454 | €949,605 | +€796,152 | +519% |
| Tangible fixed assets | 22/27 | €153,454 | €949,605 | +€796,152 | +519% |
| Land and buildings | 22 | €141,500 | €931,622 | +€790,122 | +558% |
| Furniture and vehicles | 24 | €2,053 | €1,452 | -€600 | -29.2% |
| Assets under construction and advance payments | 27 | €9,901 | €16,531 | +€6,631 | +67.0% |
| Current assets | 29/58 | €625,663 | €526,751 | -€98,912 | -15.8% |
| Amounts receivable after more than one year | 29 | €113,045 | - | -€113,045 | |
| Other amounts receivable | 291 | €113,045 | - | -€113,045 | |
| Stocks and contracts in progress | 3 | - | €80,531 | +€80,531 | |
| Stocks | 30/36 | - | €80,531 | +€80,531 | |
| Amounts receivable within one year | 40/41 | €62,695 | €221,441 | +€158,746 | +253% |
| Trade receivables | 40 | €36,896 | €60,500 | +€23,604 | +64.0% |
| Other amounts receivable | 41 | €25,800 | €160,941 | +€135,141 | +524% |
| Current investments | 50/53 | - | €99,373 | +€99,373 | |
| Cash at bank and in hand | 54/58 | €449,658 | €124,954 | -€324,704 | -72.2% |
| Deferred charges and accrued income | 490/1 | €264 | €452 | +€187 | +70.9% |
| Total equity and liabilities | 10/49 | €779,116 | €1,476,356 | +€697,240 | +89.5% |
| Equity | 10/15 | €30,394 | €101,644 | +€71,250 | +234% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,394 | €99,644 | +€71,250 | +251% |
| Distributable reserves | 133 | €28,394 | €99,644 | +€71,250 | +251% |
| Amounts payable | 17/49 | €748,723 | €1,374,713 | +€625,990 | +83.6% |
| Amounts payable after more than one year | 17 | €128,686 | €765,683 | +€636,997 | +495% |
| Financial debts | 170/4 | €128,686 | €763,353 | +€634,667 | +493% |
| Other amounts payable | 178/9 | - | €2,330 | +€2,330 | |
| Amounts payable within one year | 42/48 | €618,934 | €607,648 | -€11,286 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €7,814 | €33,515 | +€25,701 | +329% |
| Trade debts | 44 | €3,437 | €149,378 | +€145,941 | +4,246% |
| Suppliers | 440/4 | €3,437 | €149,378 | +€145,941 | +4,246% |
| Taxes, remuneration and social security | 45 | €74,285 | - | -€74,285 | |
| Taxes | 450/3 | €74,285 | - | -€74,285 | |
| Other amounts payable | 47/48 | €533,398 | €424,754 | -€108,643 | -20.4% |
| Accrued charges and deferred income | 492/3 | €1,102 | €1,381 | +€279 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €2,279 | +€1,679 | +280% |
| Other operating charges | 640/8 | €5,859 | €2,415 | -€3,444 | -58.8% |
| Gross operating margin | 9900 | €373,066 | €98,474 | -€274,592 | -73.6% |
| Operating profit (loss) | 9901 | €366,607 | €93,779 | -€272,827 | -74.4% |
| Financial income | 75/76B | €1,420 | €1,009 | -€411 | -28.9% |
| Recurring financial income | 75 | €1,420 | €1,009 | -€411 | -28.9% |
| Financial charges | 65/66B | €6,442 | €10,575 | +€4,133 | +64.2% |
| Recurring financial charges | 65 | €6,442 | €10,575 | +€4,133 | +64.2% |
| Profit (loss) for the period before taxes | 9903 | €361,584 | €84,213 | -€277,372 | -76.7% |
| Income taxes | 67/77 | €87,814 | €12,963 | -€74,851 | -85.2% |
| Profit (loss) for the period | 9904 | €273,771 | €71,250 | -€202,521 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €273,771 | €71,250 | -€202,521 | -74.0% |
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 18 October 2026 via checked.be.