BONICARDIO: 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.
BONICARDIO
Largest movements
- Receivables within one year -€48,204
down €48,204 (-76.6%), from €62,909 to €14,705
- Deferred charges and accrued income +€21,422
up €21,422 (+73.4%), from €29,186 to €50,609
- Cash +€15,442
up €15,442 (+30.8%), from €50,197 to €65,638
mainly Receivables within one year (+€48,204) and Other debts (+€8,600)
- Other debts +€8,600
new in 2025: €8,600
- Reserves -€8,227
down €8,227 (-2.7%), from €308,633 to €300,406
of which Distributable reserves: -€8,227
- Current portion of long-term debt -€5,092
no longer reported in 2025 (was €5,092)
- Gross operating margin +€28,284
up €28,284 (+60.4%), from €46,800 to €75,083
- Financial charges +€23,371
up €23,371 (+40.7%), from €57,411 to €80,782
- Financial income -€5,797
down €5,797 (-81.5%), from €7,115 to €1,319
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 | €471,452 | €462,389 | -€9,063 | -1.9% |
| Fixed assets | 21/28 | €16,961 | €16,269 | -€692 | -4.1% |
| Tangible fixed assets | 22/27 | €14,961 | €14,269 | -€692 | -4.6% |
| Furniture and vehicles | 24 | €3,357 | €5,151 | +€1,794 | +53.4% |
| Other tangible fixed assets | 26 | €11,604 | €9,118 | -€2,486 | -21.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €454,491 | €446,120 | -€8,371 | -1.8% |
| Amounts receivable within one year | 40/41 | €62,909 | €14,705 | -€48,204 | -76.6% |
| Other amounts receivable | 41 | €62,909 | €14,705 | -€48,204 | -76.6% |
| Current investments | 50/53 | €312,199 | €315,168 | +€2,969 | +1.0% |
| Cash at bank and in hand | 54/58 | €50,197 | €65,638 | +€15,442 | +30.8% |
| Deferred charges and accrued income | 490/1 | €29,186 | €50,609 | +€21,422 | +73.4% |
| Total equity and liabilities | 10/49 | €471,452 | €462,389 | -€9,063 | -1.9% |
| Equity | 10/15 | €465,033 | €453,375 | -€11,657 | -2.5% |
| Contributions | 10/11 | €156,400 | €156,400 | = | 0.0% |
| Reserves | 13 | €308,633 | €300,406 | -€8,227 | -2.7% |
| Non-distributable reserves | 130/1 | €16,260 | €16,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,260 | €16,260 | = | 0.0% |
| Distributable reserves | 133 | €292,373 | €284,146 | -€8,227 | -2.8% |
| Profit (loss) carried forward | 14 | - | -€3,430 | -€3,430 | |
| Amounts payable | 17/49 | €6,419 | €9,014 | +€2,595 | +40.4% |
| Amounts payable within one year | 42/48 | €6,419 | €9,014 | +€2,595 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €5,092 | - | -€5,092 | |
| Trade debts | 44 | €1,328 | €89 | -€1,239 | -93.3% |
| Suppliers | 440/4 | €1,328 | €89 | -€1,239 | -93.3% |
| Taxes, remuneration and social security | 45 | - | €325 | +€325 | |
| Taxes | 450/3 | - | €325 | +€325 | |
| Other amounts payable | 47/48 | - | €8,600 | +€8,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,507 | €5,029 | -€478 | -8.7% |
| Other operating charges | 640/8 | €2,074 | €1,921 | -€153 | -7.4% |
| Gross operating margin | 9900 | €46,800 | €75,083 | +€28,284 | +60.4% |
| Operating profit (loss) | 9901 | €39,218 | €68,133 | +€28,915 | +73.7% |
| Financial income | 75/76B | €7,115 | €1,319 | -€5,797 | -81.5% |
| Recurring financial income | 75 | €7,115 | €1,319 | -€5,797 | -81.5% |
| Financial charges | 65/66B | €57,411 | €80,782 | +€23,371 | +40.7% |
| Recurring financial charges | 65 | €57,411 | €80,782 | +€23,371 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,077 | -€11,330 | -€253 | -2.3% |
| Income taxes | 67/77 | €295 | €327 | +€33 | +11.0% |
| Profit (loss) for the period | 9904 | -€11,372 | -€11,657 | -€285 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,372 | -€11,657 | -€285 | -2.5% |
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 9 October 2026 via checked.be.