Bonne Projects: 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.
Bonne Projects
Largest movements
- Cash -€150,679
down €150,679 (-74.7%), from €201,602 to €50,923
mainly Contributions, distributions and other (-€500,000) and Investment in fixed assets (net) (-€180,537)
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Tangible fixed assets +€146,977
up €146,977 (+312.1%), from €47,096 to €194,072
of which Furniture and vehicles: +€157,864
- Receivables within one year -€54,055
down €54,055 (-17.5%), from €308,122 to €254,067
of which Other amounts receivable: -€31,986
- Trade debts -€84,071
down €84,071 (-50.9%), from €165,106 to €81,035
- Reserves -€69,191
down €69,191 (-6.8%), from €1.0m to €946,522
- Tax, wage and social debts -€53,825
down €53,825 (-84.6%), from €63,619 to €9,794
of which Taxes: -€55,733
- Gross operating margin +€81,559
up €81,559 (+15.6%), from €522,911 to €604,469
- Depreciation +€22,545
up €22,545 (+204.7%), from €11,016 to €33,561
- Taxes +€13,759
up €13,759 (+10.4%), from €132,264 to €146,023
- Financial income -€7,268
down €7,268 (-31.4%), from €23,156 to €15,888
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.
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 | €1,284,183 | €1,076,622 | -€207,561 | -16.2% |
| Fixed assets | 21/28 | €50,096 | €197,072 | +€146,977 | +293.4% |
| Tangible fixed assets | 22/27 | €47,096 | €194,072 | +€146,977 | +312.1% |
| Plant, machinery and equipment | 23 | €34,416 | €23,529 | -€10,887 | -31.6% |
| Furniture and vehicles | 24 | €12,679 | €170,543 | +€157,864 | +1245.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,234,087 | €879,549 | -€354,537 | -28.7% |
| Amounts receivable after more than one year | 29 | €570,000 | €570,000 | = | 0.0% |
| Other amounts receivable | 291 | €570,000 | €570,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €308,122 | €254,067 | -€54,055 | -17.5% |
| Trade receivables | 40 | €87,124 | €65,056 | -€22,069 | -25.3% |
| Other amounts receivable | 41 | €220,998 | €189,012 | -€31,986 | -14.5% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €201,602 | €50,923 | -€150,679 | -74.7% |
| Deferred charges and accrued income | 490/1 | €4,363 | €4,559 | +€197 | +4.5% |
| Total equity and liabilities | 10/49 | €1,284,183 | €1,076,622 | -€207,561 | -16.2% |
| Equity | 10/15 | €1,034,313 | €965,122 | -€69,191 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,015,713 | €946,522 | -€69,191 | -6.8% |
| Distributable reserves | 133 | €1,015,713 | €946,522 | -€69,191 | -6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €249,870 | €111,499 | -€138,370 | -55.4% |
| Amounts payable within one year | 42/48 | €249,870 | €111,499 | -€138,370 | -55.4% |
| Trade debts | 44 | €165,106 | €81,035 | -€84,071 | -50.9% |
| Suppliers | 440/4 | €165,106 | €81,035 | -€84,071 | -50.9% |
| Taxes, remuneration and social security | 45 | €63,619 | €9,794 | -€53,825 | -84.6% |
| Taxes | 450/3 | €61,360 | €5,628 | -€55,733 | -90.8% |
| Remuneration and social security | 454/9 | €2,259 | €4,167 | +€1,908 | +84.5% |
| Other amounts payable | 47/48 | €21,145 | €20,670 | -€475 | -2.2% |
| Non-recurring operating income | 76A | - | €19,740 | +€19,740 | |
| Remuneration, social security and pensions | 62 | €6,228 | €6,261 | +€33 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,016 | €33,561 | +€22,545 | +204.7% |
| Other operating charges | 640/8 | €1,194 | €1,453 | +€260 | +21.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €522,911 | €604,469 | +€81,559 | +15.6% |
| Operating profit (loss) | 9901 | €504,474 | €563,194 | +€58,720 | +11.6% |
| Financial income | 75/76B | €23,156 | €15,888 | -€7,268 | -31.4% |
| Recurring financial income | 75 | €23,156 | €15,888 | -€7,268 | -31.4% |
| Financial charges | 65/66B | €2,016 | €2,250 | +€234 | +11.6% |
| Recurring financial charges | 65 | €2,016 | €2,250 | +€234 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €525,614 | €576,832 | +€51,218 | +9.7% |
| Income taxes | 67/77 | €132,264 | €146,023 | +€13,759 | +10.4% |
| Profit (loss) for the period | 9904 | €393,350 | €430,809 | +€37,459 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €393,350 | €430,809 | +€37,459 | +9.5% |
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.