BONNEFANT: 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.
BONNEFANT
Largest movements
- Stocks and contracts -€2.4m
down €2.4m (-33.7%), from €7.2m to €4.7m
- Cash -€105,336
down €105,336 (-43.2%), from €243,913 to €138,577
mainly Other debts (-€2.1m) and Net result for the year (-€1.5m)
- Other debts -€2.1m
down €2.1m (-31.8%), from €6.5m to €4.4m
- Short-term financial debts -€167,522
no longer reported in 2025 (was €167,522)
- Trade debts -€141,820
down €141,820 (-24.6%), from €577,379 to €435,558
- Tax, wage and social debts -€103,224
down €103,224 (-56.9%), from €181,522 to €78,298
- Goods and materials -€4.0m
down €4.0m (-68.2%), from €5.9m to €1.9m
of which Change in stocks: decrease (increase): -€4.0m
- Write-downs +€3.1m
up €3.1m, from -€2.5m to €648,798
- Turnover -€1.9m
down €1.9m (-60.2%), from €3.1m to €1.3m
- Financial charges -€253,202
down €253,202 (-51.4%), from €493,011 to €239,809
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 | €7,456,818 | €4,989,934 | -€2.5m | -33.1% |
| Current assets | 29/58 | €7,456,818 | €4,989,934 | -€2.5m | -33.1% |
| Stocks and contracts in progress | 3 | €7,158,625 | €4,747,050 | -€2.4m | -33.7% |
| Stocks | 30/36 | €7,158,625 | €4,747,050 | -€2.4m | -33.7% |
| Property held for sale | 35 | €7,158,625 | €4,747,050 | -€2.4m | -33.7% |
| Amounts receivable within one year | 40/41 | €53,392 | €104,307 | +€50,915 | +95.4% |
| Trade receivables | 40 | €53,392 | €104,307 | +€50,915 | +95.4% |
| Cash at bank and in hand | 54/58 | €243,913 | €138,577 | -€105,336 | -43.2% |
| Deferred charges and accrued income | 490/1 | €888 | - | -€888 | |
| Total equity and liabilities | 10/49 | €7,456,818 | €4,989,934 | -€2.5m | -33.1% |
| Equity | 10/15 | €61,500 | €61,500 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Amounts payable | 17/49 | €7,395,318 | €4,928,434 | -€2.5m | -33.4% |
| Amounts payable within one year | 42/48 | €7,395,317 | €4,928,434 | -€2.5m | -33.4% |
| Financial debts | 43 | €167,522 | - | -€167,522 | |
| Credit institutions | 430/8 | €167,522 | - | -€167,522 | |
| Trade debts | 44 | €577,379 | €435,558 | -€141,820 | -24.6% |
| Suppliers | 440/4 | €577,379 | €435,558 | -€141,820 | -24.6% |
| Taxes, remuneration and social security | 45 | €181,522 | €78,298 | -€103,224 | -56.9% |
| Taxes | 450/3 | €181,522 | €78,298 | -€103,224 | -56.9% |
| Other amounts payable | 47/48 | €6,468,894 | €4,414,578 | -€2.1m | -31.8% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Operating income | 70/76A | €3,141,282 | €1,251,147 | -€1.9m | -60.2% |
| Turnover | 70 | €3,141,282 | €1,251,147 | -€1.9m | -60.2% |
| Operating charges | 60/66A | €3,432,724 | €2,534,097 | -€898,627 | -26.2% |
| Goods for resale, raw materials and consumables | 60 | €5,867,530 | €1,864,652 | -€4.0m | -68.2% |
| Purchases | 600/8 | €60,427 | €101,875 | +€41,448 | +68.6% |
| Change in stocks: decrease (increase) | 609 | €5,807,103 | €1,762,777 | -€4.0m | -69.6% |
| Services and other goods | 61 | €15,108 | €16,575 | +€1,468 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,461,837 | €648,798 | +€3.1m | |
| Other operating charges | 640/8 | €11,923 | €4,072 | -€7,852 | -65.9% |
| Operating profit (loss) | 9901 | -€291,442 | -€1,282,949 | -€991,507 | -340.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €493,011 | €239,809 | -€253,202 | -51.4% |
| Recurring financial charges | 65 | €493,011 | €239,809 | -€253,202 | -51.4% |
| Debt charges | 650 | €491,036 | €239,028 | -€252,008 | -51.3% |
| Other financial charges | 652/9 | €1,976 | €782 | -€1,194 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | -€784,453 | -€1,522,758 | -€738,305 | -94.1% |
| Income taxes | 67/77 | €212 | €58 | -€154 | -72.7% |
| Taxes | 670/3 | €212 | €58 | -€154 | -72.7% |
| Profit (loss) for the period | 9904 | -€784,665 | -€1,522,816 | -€738,151 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€784,665 | -€1,522,816 | -€738,151 | -94.1% |
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 12 October 2026 via checked.be.