BONFOND FRERES: 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
BONFOND FRERES
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€181,703
2024 · -€95,523-€86,180
Equity
€264,885
2024 · €446,588-€181,703
Cash
€41,396
2024 · €51,172-€9,776
Balance sheet total
€859,457
2024 · €1.0m-€149,465
Largest movements
Assets
- Stocks and contracts -€53,816
down €53,816 (-10.7%), from €501,076 to €447,260
- Receivables within one year -€36,002
down €36,002 (-14.5%), from €247,646 to €211,644
of which Trade receivables: -€59,756
- Tangible fixed assets -€35,670
down €35,670 (-34.3%), from €103,925 to €68,255
of which Furniture and vehicles: -€27,998
- Financial fixed assets -€13,903
down €13,903 (-14.0%), from €99,330 to €85,426
Equity and liabilities
- Profit (loss) carried forward -€176,861
down €176,861, from €22,077 to -€154,785
- Short-term financial debts +€120,000
up €120,000 (+82.8%), from €145,000 to €265,000
- Trade debts -€42,616
down €42,616 (-16.6%), from €256,122 to €213,505
- Debts after one year -€35,953
down €35,953 (-57.9%), from €62,079 to €26,127
Income statement
- Gross operating margin -€61,527
down €61,527 (-33.4%), from €184,050 to €122,523
- Write-downs +€18,838
up €18,838 (+56.5%), from €33,322 to €52,160
- Provisions +€6,498
up €6,498 (+89.7%), from -€7,245 to -€746
- Financial income -€5,499
down €5,499 (-78.3%), from €7,026 to €1,527
- Staff costs -€3,108
down €3,108 (-1.5%), from €204,426 to €201,317
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
-€95,523
Gross operating margin
-€61,527
Staff costs
+€3,108
Depreciation
+€610
Write-downs
-€18,838
Provisions
-€6,498
Other operating charges
-€186
Other operating items
-€23
Financial income
-€5,499
Financial charges
+€2,643
Taxes
+€28
Result 2025
-€181,703
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
-€100,963
Investment
+€13,903
Financing
+€77,284
Cash 2024
€51,172
From operations (derived)
-€100,963
Net result for the year
-€181,703
Depreciation
+€35,670
Stocks and contracts
+€53,816
Receivables within one year
+€36,002
Deferred charges and accrued income
+€299
Provisions
-€1,614
Trade debts
-€42,616
Tax, wage and social debts
+€894
Other debts
-€2,341
Accrued charges and deferred income
+€631
Investment (derived)
+€13,903
Investment in fixed assets (net)
+€13,903
Financing
+€77,284
Debts after one year
-€35,953
Current portion of long-term debt
-€6,763
Short-term financial debts
+€120,000
Cash 2025
€41,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,008,922 | €859,457 | -€149,465 | -14.8% |
| Fixed assets | 21/28 | €203,255 | €153,681 | -€49,573 | -24.4% |
| Tangible fixed assets | 22/27 | €103,925 | €68,255 | -€35,670 | -34.3% |
| Plant, machinery and equipment | 23 | €689 | - | -€689 | |
| Furniture and vehicles | 24 | €82,598 | €54,600 | -€27,998 | -33.9% |
| Leasing and similar rights | 25 | €7,340 | €1,465 | -€5,875 | -80.0% |
| Other tangible fixed assets | 26 | €13,299 | €12,190 | -€1,108 | -8.3% |
| Financial fixed assets | 28 | €99,330 | €85,426 | -€13,903 | -14.0% |
| Current assets | 29/58 | €805,668 | €705,775 | -€99,892 | -12.4% |
| Stocks and contracts in progress | 3 | €501,076 | €447,260 | -€53,816 | -10.7% |
| Stocks | 30/36 | €501,076 | €447,260 | -€53,816 | -10.7% |
| Amounts receivable within one year | 40/41 | €247,646 | €211,644 | -€36,002 | -14.5% |
| Trade receivables | 40 | €238,850 | €179,095 | -€59,756 | -25.0% |
| Other amounts receivable | 41 | €8,796 | €32,549 | +€23,754 | +270% |
| Cash at bank and in hand | 54/58 | €51,172 | €41,396 | -€9,776 | -19.1% |
| Deferred charges and accrued income | 490/1 | €5,774 | €5,475 | -€299 | -5.2% |
| Total equity and liabilities | 10/49 | €1,008,922 | €859,457 | -€149,465 | -14.8% |
| Equity | 10/15 | €446,588 | €264,885 | -€181,703 | -40.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €314,511 | €309,670 | -€4,842 | -1.5% |
| Tax-exempt reserves | 132 | €8,511 | €3,670 | -€4,842 | -56.9% |
| Distributable reserves | 133 | €306,000 | €306,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,077 | -€154,785 | -€176,861 | |
| Provisions and deferred taxes | 16 | €4,400 | €2,786 | -€1,614 | -36.7% |
| Deferred taxes | 168 | €4,400 | €2,786 | -€1,614 | -36.7% |
| Amounts payable | 17/49 | €557,934 | €591,786 | +€33,852 | +6.1% |
| Amounts payable after more than one year | 17 | €62,079 | €26,127 | -€35,953 | -57.9% |
| Financial debts | 170/4 | €62,079 | €26,127 | -€35,953 | -57.9% |
| Amounts payable within one year | 42/48 | €495,310 | €564,483 | +€69,173 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €42,716 | €35,953 | -€6,763 | -15.8% |
| Financial debts | 43 | €145,000 | €265,000 | +€120,000 | +82.8% |
| Credit institutions | 430/8 | €145,000 | €265,000 | +€120,000 | +82.8% |
| Trade debts | 44 | €256,122 | €213,505 | -€42,616 | -16.6% |
| Suppliers | 440/4 | €256,122 | €213,505 | -€42,616 | -16.6% |
| Taxes, remuneration and social security | 45 | €25,094 | €25,988 | +€894 | +3.6% |
| Taxes | 450/3 | €7,181 | €5,991 | -€1,190 | -16.6% |
| Remuneration and social security | 454/9 | €17,913 | €19,997 | +€2,084 | +11.6% |
| Other amounts payable | 47/48 | €26,378 | €24,037 | -€2,341 | -8.9% |
| Accrued charges and deferred income | 492/3 | €545 | €1,176 | +€631 | +116% |
| Remuneration, social security and pensions | 62 | €204,426 | €201,317 | -€3,108 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,280 | €35,670 | -€610 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,322 | €52,160 | +€18,838 | +56.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,245 | -€746 | +€6,498 | +89.7% |
| Other operating charges | 640/8 | €2,928 | €3,113 | +€186 | +6.3% |
| Non-recurring operating charges | 66A | - | €23 | +€23 | |
| Gross operating margin | 9900 | €184,050 | €122,523 | -€61,527 | -33.4% |
| Operating profit (loss) | 9901 | -€85,662 | -€169,014 | -€83,353 | -97.3% |
| Financial income | 75/76B | €7,026 | €1,527 | -€5,499 | -78.3% |
| Recurring financial income | 75 | €7,026 | €1,527 | -€5,499 | -78.3% |
| Financial charges | 65/66B | €18,353 | €15,710 | -€2,643 | -14.4% |
| Recurring financial charges | 65 | €18,353 | €15,710 | -€2,643 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€96,989 | -€183,197 | -€86,209 | -88.9% |
| Transfer from deferred taxes | 780 | €1,614 | €1,614 | = | 0.0% |
| Income taxes | 67/77 | €148 | €120 | -€28 | -19.2% |
| Profit (loss) for the period | 9904 | -€95,523 | -€181,703 | -€86,180 | -90.2% |
| Transfer from tax-exempt reserves | 789 | €4,842 | €4,842 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,681 | -€176,861 | -€86,180 | -95.0% |
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 28 October 2026 via checked.be.