Bonheur: 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.
Bonheur
Largest movements
- Tangible fixed assets +€55,592
up €55,592 (+614.0%), from €9,054 to €64,645
of which Land and buildings: +€54,256
- Cash -€18,842
down €18,842 (-36.8%), from €51,192 to €32,350
mainly Investment in fixed assets (net) (-€59,449) and Receivables within one year (-€4,845)
- Receivables within one year +€4,845
up €4,845 (+6.9%), from €70,676 to €75,521
of which Other amounts receivable: +€5,828
- Trade debts +€23,394
up €23,394 (+795.4%), from €2,941 to €26,335
- Reserves +€17,736
up €17,736 (+27.2%), from €65,273 to €83,009
- Gross operating margin -€8,810
down €8,810 (-24.9%), from €35,326 to €26,516
- Taxes -€5,613
down €5,613 (-50.3%), from €11,165 to €5,552
- Depreciation +€2,100
up €2,100 (+119.5%), from €1,757 to €3,857
- Financial income +€1,957
up €1,957 (+83.4%), from €2,348 to €4,305
- Other operating charges -€667
down €667 (-80.2%), from €832 to €164
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 | €135,279 | €176,669 | +€41,390 | +30.6% |
| Fixed assets | 21/28 | €9,529 | €65,120 | +€55,592 | +583.4% |
| Tangible fixed assets | 22/27 | €9,054 | €64,645 | +€55,592 | +614.0% |
| Land and buildings | 22 | - | €54,256 | +€54,256 | |
| Plant, machinery and equipment | 23 | €8,023 | €5,712 | -€2,310 | -28.8% |
| Furniture and vehicles | 24 | - | €4,162 | +€4,162 | |
| Other tangible fixed assets | 26 | €1,031 | €515 | -€515 | -50.0% |
| Financial fixed assets | 28 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €125,750 | €111,548 | -€14,202 | -11.3% |
| Stocks and contracts in progress | 3 | €2,410 | €2,281 | -€129 | -5.4% |
| Stocks | 30/36 | €2,410 | €2,281 | -€129 | -5.4% |
| Amounts receivable within one year | 40/41 | €70,676 | €75,521 | +€4,845 | +6.9% |
| Trade receivables | 40 | €3,978 | €2,995 | -€983 | -24.7% |
| Other amounts receivable | 41 | €66,697 | €72,526 | +€5,828 | +8.7% |
| Cash at bank and in hand | 54/58 | €51,192 | €32,350 | -€18,842 | -36.8% |
| Deferred charges and accrued income | 490/1 | €1,473 | €1,397 | -€76 | -5.2% |
| Total equity and liabilities | 10/49 | €135,279 | €176,669 | +€41,390 | +30.6% |
| Equity | 10/15 | €118,361 | €136,097 | +€17,736 | +15.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €65,273 | €83,009 | +€17,736 | +27.2% |
| Distributable reserves | 133 | €65,273 | €83,009 | +€17,736 | +27.2% |
| Profit (loss) carried forward | 14 | €46,088 | €46,088 | = | 0.0% |
| Amounts payable | 17/49 | €16,918 | €40,572 | +€23,653 | +139.8% |
| Amounts payable within one year | 42/48 | €16,918 | €40,572 | +€23,653 | +139.8% |
| Trade debts | 44 | €2,941 | €26,335 | +€23,394 | +795.4% |
| Suppliers | 440/4 | €2,941 | €26,335 | +€23,394 | +795.4% |
| Taxes, remuneration and social security | 45 | €13,977 | €14,236 | +€259 | +1.9% |
| Taxes | 450/3 | €13,977 | €14,236 | +€259 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,757 | €3,857 | +€2,100 | +119.5% |
| Other operating charges | 640/8 | €832 | €164 | -€667 | -80.2% |
| Gross operating margin | 9900 | €35,326 | €26,516 | -€8,810 | -24.9% |
| Operating profit (loss) | 9901 | €32,738 | €22,495 | -€10,243 | -31.3% |
| Financial income | 75/76B | €2,348 | €4,305 | +€1,957 | +83.4% |
| Recurring financial income | 75 | €2,348 | €4,305 | +€1,957 | +83.4% |
| Financial charges | 65/66B | €3,277 | €3,511 | +€235 | +7.2% |
| Recurring financial charges | 65 | €3,277 | €3,511 | +€235 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €31,809 | €23,289 | -€8,520 | -26.8% |
| Income taxes | 67/77 | €11,165 | €5,552 | -€5,613 | -50.3% |
| Profit (loss) for the period | 9904 | €20,644 | €17,736 | -€2,908 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,644 | €17,736 | -€2,908 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.