BONNAERENS: 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.
BONNAERENS
Largest movements
- Cash -€24,475
down €24,475 (-84.3%), from €29,027 to €4,552
mainly Debts after one year (-€40,653) and Investment in fixed assets (net) (-€25,098)
- Tangible fixed assets +€16,632
up €16,632 (+4.6%), from €362,766 to €379,398
- Receivables within one year -€5,390
down €5,390 (-46.8%), from €11,513 to €6,123
of which Other amounts receivable: -€8,275
- Debts after one year -€40,653
down €40,653 (-30.0%), from €135,620 to €94,967
of which Financial debts: -€30,153
- Other debts +€18,850
up €18,850 (+51.8%), from €36,398 to €55,248
- Tax, wage and social debts +€4,308
up €4,308 (+89.1%), from €4,833 to €9,140
of which Taxes: +€4,308
- Trade debts -€4,292
down €4,292 (-100%), from €4,292 to €0
- Staff costs -€32,589
down €32,589, from €32,218 to -€371
- Gross operating margin -€25,835
down €25,835 (-42.9%), from €60,259 to €34,424
- Financial charges +€2,919
up €2,919 (+34.0%), from €8,574 to €11,493
- Depreciation +€1,420
up €1,420 (+20.1%), from €7,047 to €8,467
- Other operating charges -€938
down €938 (-11.7%), from €8,039 to €7,101
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 | €404,296 | €390,714 | -€13,582 | -3.4% |
| Fixed assets | 21/28 | €362,766 | €379,398 | +€16,632 | +4.6% |
| Tangible fixed assets | 22/27 | €362,766 | €379,398 | +€16,632 | +4.6% |
| Land and buildings | 22 | €362,766 | €379,398 | +€16,632 | +4.6% |
| Current assets | 29/58 | €41,530 | €11,316 | -€30,214 | -72.8% |
| Amounts receivable within one year | 40/41 | €11,513 | €6,123 | -€5,390 | -46.8% |
| Trade receivables | 40 | €3,238 | €6,123 | +€2,885 | +89.1% |
| Other amounts receivable | 41 | €8,275 | €0 | -€8,275 | -100% |
| Cash at bank and in hand | 54/58 | €29,027 | €4,552 | -€24,475 | -84.3% |
| Deferred charges and accrued income | 490/1 | €990 | €641 | -€349 | -35.3% |
| Total equity and liabilities | 10/49 | €404,296 | €390,714 | -€13,582 | -3.4% |
| Equity | 10/15 | €172,057 | €175,473 | +€3,416 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €178,937 | €178,937 | = | 0.0% |
| Distributable reserves | 133 | €178,937 | €178,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,080 | -€9,664 | +€3,416 | +26.1% |
| Amounts payable | 17/49 | €232,238 | €215,241 | -€16,998 | -7.3% |
| Amounts payable after more than one year | 17 | €135,620 | €94,967 | -€40,653 | -30.0% |
| Financial debts | 170/4 | €102,245 | €72,092 | -€30,153 | -29.5% |
| Other amounts payable | 178/9 | €33,375 | €22,875 | -€10,500 | -31.5% |
| Amounts payable within one year | 42/48 | €85,074 | €105,042 | +€19,967 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €39,551 | €40,653 | +€1,102 | +2.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,292 | €0 | -€4,292 | -100% |
| Suppliers | 440/4 | €4,292 | €0 | -€4,292 | -100% |
| Taxes, remuneration and social security | 45 | €4,833 | €9,140 | +€4,308 | +89.1% |
| Taxes | 450/3 | €4,604 | €8,912 | +€4,308 | +93.6% |
| Remuneration and social security | 454/9 | €228 | €228 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €36,398 | €55,248 | +€18,850 | +51.8% |
| Accrued charges and deferred income | 492/3 | €11,545 | €15,233 | +€3,688 | +31.9% |
| Remuneration, social security and pensions | 62 | €32,218 | -€371 | -€32,589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,047 | €8,467 | +€1,420 | +20.1% |
| Other operating charges | 640/8 | €8,039 | €7,101 | -€938 | -11.7% |
| Gross operating margin | 9900 | €60,259 | €34,424 | -€25,835 | -42.9% |
| Operating profit (loss) | 9901 | €12,955 | €19,228 | +€6,273 | +48.4% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €8,574 | €11,493 | +€2,919 | +34.0% |
| Recurring financial charges | 65 | €8,574 | €11,493 | +€2,919 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €4,385 | €7,735 | +€3,350 | +76.4% |
| Income taxes | 67/77 | €5,001 | €4,319 | -€682 | -13.6% |
| Profit (loss) for the period | 9904 | -€616 | €3,416 | +€4,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€616 | €3,416 | +€4,032 |
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 22 October 2026 via checked.be.