BONNE ROUTE: 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 ROUTE
Largest movements
- Tangible fixed assets +€596,746
up €596,746 (+875%), from €68,221 to €664,967
of which Land and buildings: +€594,678
- Receivables within one year +€27,955
up €27,955 (+878%), from €3,182 to €31,137
of which Trade receivables: +€22,951
- Deferred charges and accrued income +€20,978
up €20,978 (+72.1%), from €29,086 to €50,064
- Cash +€10,736
up €10,736 (+17.2%), from €62,354 to €73,090
mainly Debts after one year (+€474,482) and Net result for the year (+€113,925)
- Debts after one year +€474,482
new in 2025: €474,482
- Other debts +€90,662
up €90,662 (+564%), from €16,085 to €106,746
- Trade debts +€38,326
up €38,326 (+80.5%), from €47,598 to €85,924
- Current portion of long-term debt +€26,601
new in 2025: €26,601
- Profit (loss) carried forward +€13,925
up €13,925 (+21.5%), from €64,886 to €78,811
- Gross operating margin +€149,925
up €149,925 (+66.0%), from €227,048 to €376,974
- Staff costs +€34,644
up €34,644 (+27.1%), from €127,629 to €162,274
- Depreciation +€29,684
up €29,684 (+227%), from €13,072 to €42,756
- Taxes +€17,623
up €17,623 (+123%), from €14,373 to €31,996
- Financial charges +€9,132
up €9,132 (+68.2%), from €13,387 to €22,519
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 | €167,973 | €824,389 | +€656,416 | +391% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €73,351 | €670,097 | +€596,746 | +814% |
| Tangible fixed assets | 22/27 | €68,221 | €664,967 | +€596,746 | +875% |
| Land and buildings | 22 | €15,763 | €610,440 | +€594,678 | +3,773% |
| Furniture and vehicles | 24 | €52,459 | €54,527 | +€2,068 | +3.9% |
| Financial fixed assets | 28 | €5,130 | €5,130 | = | 0.0% |
| Current assets | 29/58 | €94,622 | €154,292 | +€59,670 | +63.1% |
| Amounts receivable within one year | 40/41 | €3,182 | €31,137 | +€27,955 | +878% |
| Trade receivables | 40 | €2,555 | €25,506 | +€22,951 | +898% |
| Other amounts receivable | 41 | €627 | €5,631 | +€5,004 | +798% |
| Cash at bank and in hand | 54/58 | €62,354 | €73,090 | +€10,736 | +17.2% |
| Deferred charges and accrued income | 490/1 | €29,086 | €50,064 | +€20,978 | +72.1% |
| Total equity and liabilities | 10/49 | €167,973 | €824,389 | +€656,416 | +391% |
| Equity | 10/15 | €84,886 | €98,811 | +€13,925 | +16.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,886 | €78,811 | +€13,925 | +21.5% |
| Amounts payable | 17/49 | €83,087 | €725,578 | +€642,490 | +773% |
| Amounts payable after more than one year | 17 | - | €474,482 | +€474,482 | |
| Financial debts | 170/4 | - | €474,482 | +€474,482 | |
| Amounts payable within one year | 42/48 | €83,087 | €250,324 | +€167,237 | +201% |
| Current portion of amounts payable after more than one year | 42 | - | €26,601 | +€26,601 | |
| Trade debts | 44 | €47,598 | €85,924 | +€38,326 | +80.5% |
| Suppliers | 440/4 | €47,598 | €85,924 | +€38,326 | +80.5% |
| Taxes, remuneration and social security | 45 | €19,404 | €31,053 | +€11,648 | +60.0% |
| Taxes | 450/3 | €9,078 | €9,773 | +€695 | +7.7% |
| Remuneration and social security | 454/9 | €10,326 | €21,280 | +€10,953 | +106% |
| Other amounts payable | 47/48 | €16,085 | €106,746 | +€90,662 | +564% |
| Accrued charges and deferred income | 492/3 | €0 | €771 | +€771 | |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €127,629 | €162,274 | +€34,644 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,072 | €42,756 | +€29,684 | +227% |
| Other operating charges | 640/8 | €3,288 | €3,504 | +€216 | +6.6% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Gross operating margin | 9900 | €227,048 | €376,974 | +€149,925 | +66.0% |
| Operating profit (loss) | 9901 | €83,059 | €168,440 | +€85,381 | +103% |
| Financial charges | 65/66B | €13,387 | €22,519 | +€9,132 | +68.2% |
| Recurring financial charges | 65 | €13,387 | €22,519 | +€9,132 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €69,672 | €145,921 | +€76,249 | +109% |
| Income taxes | 67/77 | €14,373 | €31,996 | +€17,623 | +123% |
| Profit (loss) for the period | 9904 | €55,299 | €113,925 | +€58,626 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €55,299 | €113,925 | +€58,626 | +106% |
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 23 October 2026 via checked.be.