BONFIN: 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.
What changed
BONFIN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€195,042
2024 · -€2.8m+€2.6m
Equity
€8.3m
2024 · €8.5m-€195,042
Cash
€338,676
2024 · €658,936-€320,260
Balance sheet total
€12.0m
2024 · €12.3m-€308,532
Largest movements
Assets
- Cash -€320,260
down €320,260 (-48.6%), from €658,936 to €338,676
mainly Net result for the year (-€195,042) and Current investments (-€142,500)
- Current investments +€142,500
new in 2025: €142,500
- Financial fixed assets -€135,000
down €135,000 (-1.2%), from €11.1m to €10.9m
Equity and liabilities
- Profit (loss) carried forward -€195,042
down €195,042 (-6.9%), from -€2.8m to -€3.0m
Income statement
- Gross operating margin +€88,220
up €88,220, from -€4,439 to €83,781
- Staff costs -€23,727
down €23,727 (-22.0%), from €107,809 to €84,083
- Write-downs -€18,241
new in 2025: -€18,241
- Other operating charges +€18,173
up €18,173 (+1,060%), from €1,715 to €19,888
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.
Result 2024
-€2.8m
Gross operating margin
+€88,220
Staff costs
+€23,727
Write-downs
+€18,241
Other operating charges
-€18,173
Other operating items
+€2.5m
Financial income
+€500
Financial charges
+€25
Result 2025
-€195,042
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€312,760
Investment
-€7,500
Financing
€0
Cash 2024
€658,936
From operations (derived)
-€312,760
Net result for the year
-€195,042
Receivables within one year
-€18,396
Deferred charges and accrued income
+€14,167
Trade debts
-€98,161
Tax, wage and social debts
-€15,425
Smaller working-capital items
+€97
Investment (derived)
-€7,500
Investment in fixed assets (net)
+€135,000
Current investments
-€142,500
Cash 2025
€338,676
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,267,176 | €11,958,644 | -€308,532 | -2.5% |
| Fixed assets | 21/28 | €11,054,409 | €10,919,409 | -€135,000 | -1.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Financial fixed assets | 28 | €11,054,409 | €10,919,409 | -€135,000 | -1.2% |
| Current assets | 29/58 | €1,212,767 | €1,039,235 | -€173,532 | -14.3% |
| Amounts receivable within one year | 40/41 | €526,157 | €544,553 | +€18,396 | +3.5% |
| Trade receivables | 40 | €26,031 | €24,553 | -€1,478 | -5.7% |
| Other amounts receivable | 41 | €500,127 | €520,000 | +€19,873 | +4.0% |
| Current investments | 50/53 | - | €142,500 | +€142,500 | |
| Cash at bank and in hand | 54/58 | €658,936 | €338,676 | -€320,260 | -48.6% |
| Deferred charges and accrued income | 490/1 | €27,673 | €13,506 | -€14,167 | -51.2% |
| Total equity and liabilities | 10/49 | €12,267,176 | €11,958,644 | -€308,532 | -2.5% |
| Equity | 10/15 | €8,536,908 | €8,341,866 | -€195,042 | -2.3% |
| Contributions | 10/11 | €8,500,000 | €8,500,000 | = | 0.0% |
| Reserves | 13 | €2,848,336 | €2,848,336 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,466 | €86,466 | = | 0.0% |
| Reserves not available under the articles | 1311 | €86,466 | €86,466 | = | 0.0% |
| Distributable reserves | 133 | €2,761,870 | €2,761,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,811,427 | -€3,006,469 | -€195,042 | -6.9% |
| Amounts payable | 17/49 | €3,730,268 | €3,616,778 | -€113,490 | -3.0% |
| Amounts payable after more than one year | 17 | €3,509,583 | €3,509,583 | = | 0.0% |
| Financial debts | 170/4 | €3,509,583 | €3,509,583 | = | 0.0% |
| Amounts payable within one year | 42/48 | €220,685 | €107,038 | -€113,646 | -51.5% |
| Trade debts | 44 | €118,183 | €20,022 | -€98,161 | -83.1% |
| Suppliers | 440/4 | €118,183 | €20,022 | -€98,161 | -83.1% |
| Taxes, remuneration and social security | 45 | €97,290 | €81,864 | -€15,425 | -15.9% |
| Taxes | 450/3 | €72,519 | €69,753 | -€2,766 | -3.8% |
| Remuneration and social security | 454/9 | €24,771 | €12,111 | -€12,659 | -51.1% |
| Other amounts payable | 47/48 | €5,211 | €5,152 | -€60 | -1.1% |
| Accrued charges and deferred income | 492/3 | - | €157 | +€157 | |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €107,809 | €84,083 | -€23,727 | -22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€18,241 | -€18,241 | |
| Other operating charges | 640/8 | €1,715 | €19,888 | +€18,173 | +1,060% |
| Non-recurring operating charges | 66A | €2,503,846 | - | -€2.5m | |
| Gross operating margin | 9900 | -€4,439 | €83,781 | +€88,220 | |
| Operating profit (loss) | 9901 | -€2,617,810 | -€1,949 | +€2.6m | +99.9% |
| Financial income | 75/76B | €20,098 | €20,598 | +€500 | +2.5% |
| Recurring financial income | 75 | €20,098 | €20,598 | +€500 | +2.5% |
| Financial charges | 65/66B | €213,716 | €213,691 | -€25 | 0.0% |
| Recurring financial charges | 65 | €213,716 | €213,691 | -€25 | 0.0% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€2,811,427 | -€195,042 | +€2.6m | +93.1% |
| Profit (loss) for the period | 9904 | -€2,811,427 | -€195,042 | +€2.6m | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,811,427 | -€195,042 | +€2.6m | +93.1% |
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 24 October 2026 via checked.be.