BONNET: what changed
Two fiscal 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.
BONNET
Largest movements
- Receivables within one year -€84,722
down €84,722 (-25.3%), from €334,978 to €250,255
of which Other amounts receivable: -€54,995
- Tangible fixed assets -€21,738
down €21,738 (-9.1%), from €237,914 to €216,176
of which Land and buildings: -€14,784
- Stocks and contracts +€6,977
up €6,977 (+544.9%), from €1,280 to €8,258
- Trade debts -€69,434
down €69,434 (-47.2%), from €147,112 to €77,678
- Debts after one year -€23,586
down €23,586 (-12.9%), from €182,327 to €158,741
- Other debts -€19,914
down €19,914 (-33.2%), from €60,000 to €40,086
- Tax, wage and social debts +€11,938
up €11,938 (+26.6%), from €44,936 to €56,874
of which Taxes: +€12,462
- Staff costs +€14,262
up €14,262 (+29.9%), from €47,735 to €61,997
- Other operating charges -€7,123
down €7,123 (-52.8%), from €13,482 to €6,358
- Taxes -€2,464
down €2,464 (-56.8%), from €4,337 to €1,873
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 | €638,011 | €543,228 | -€94,783 | -14.9% |
| Fixed assets | 21/28 | €237,914 | €216,176 | -€21,738 | -9.1% |
| Tangible fixed assets | 22/27 | €237,914 | €216,176 | -€21,738 | -9.1% |
| Land and buildings | 22 | €157,726 | €142,942 | -€14,784 | -9.4% |
| Plant, machinery and equipment | 23 | €5,298 | €3,711 | -€1,587 | -30.0% |
| Furniture and vehicles | 24 | €7,043 | €5,643 | -€1,400 | -19.9% |
| Other tangible fixed assets | 26 | €67,847 | €63,880 | -€3,967 | -5.8% |
| Current assets | 29/58 | €400,097 | €327,052 | -€73,046 | -18.3% |
| Stocks and contracts in progress | 3 | €1,280 | €8,258 | +€6,977 | +544.9% |
| Stocks | 30/36 | €1,280 | €8,258 | +€6,977 | +544.9% |
| Amounts receivable within one year | 40/41 | €334,978 | €250,255 | -€84,722 | -25.3% |
| Trade receivables | 40 | €276,856 | €247,128 | -€29,727 | -10.7% |
| Other amounts receivable | 41 | €58,122 | €3,127 | -€54,995 | -94.6% |
| Current investments | 50/53 | €3,996 | €3,996 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,772 | €62,466 | +€3,694 | +6.3% |
| Deferred charges and accrued income | 490/1 | €1,071 | €2,076 | +€1,005 | +93.9% |
| Total equity and liabilities | 10/49 | €638,011 | €543,228 | -€94,783 | -14.9% |
| Equity | 10/15 | €177,516 | €177,044 | -€472 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,916 | €158,444 | -€472 | -0.3% |
| Tax-exempt reserves | 132 | €18,464 | €17,930 | -€533 | -2.9% |
| Distributable reserves | 133 | €140,452 | €140,514 | +€61 | 0.0% |
| Provisions and deferred taxes | 16 | €46 | - | -€46 | |
| Deferred taxes | 168 | €46 | - | -€46 | |
| Amounts payable | 17/49 | €460,449 | €366,184 | -€94,266 | -20.5% |
| Amounts payable after more than one year | 17 | €182,327 | €158,741 | -€23,586 | -12.9% |
| Financial debts | 170/4 | €182,327 | €158,741 | -€23,586 | -12.9% |
| Amounts payable within one year | 42/48 | €275,071 | €198,224 | -€76,847 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €23,023 | €23,586 | +€563 | +2.4% |
| Trade debts | 44 | €147,112 | €77,678 | -€69,434 | -47.2% |
| Suppliers | 440/4 | €147,112 | €77,678 | -€69,434 | -47.2% |
| Taxes, remuneration and social security | 45 | €44,936 | €56,874 | +€11,938 | +26.6% |
| Taxes | 450/3 | €35,539 | €48,001 | +€12,462 | +35.1% |
| Remuneration and social security | 454/9 | €9,397 | €8,873 | -€525 | -5.6% |
| Other amounts payable | 47/48 | €60,000 | €40,086 | -€19,914 | -33.2% |
| Accrued charges and deferred income | 492/3 | €3,052 | €9,219 | +€6,168 | +202.1% |
| Remuneration, social security and pensions | 62 | €47,735 | €61,997 | +€14,262 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,152 | €21,738 | -€414 | -1.9% |
| Other operating charges | 640/8 | €13,482 | €6,358 | -€7,123 | -52.8% |
| Gross operating margin | 9900 | €97,929 | €97,506 | -€423 | -0.4% |
| Operating profit (loss) | 9901 | €14,561 | €7,413 | -€7,148 | -49.1% |
| Financial income | 75/76B | €2,090 | €1,555 | -€535 | -25.6% |
| Recurring financial income | 75 | €2,090 | €1,555 | -€535 | -25.6% |
| Financial charges | 65/66B | €7,775 | €7,613 | -€162 | -2.1% |
| Recurring financial charges | 65 | €7,775 | €7,613 | -€162 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €8,876 | €1,355 | -€7,520 | -84.7% |
| Transfer from deferred taxes | 780 | - | €46 | +€46 | |
| Income taxes | 67/77 | €4,337 | €1,873 | -€2,464 | -56.8% |
| Profit (loss) for the period | 9904 | €4,539 | -€472 | -€5,011 | |
| Transfer from tax-exempt reserves | 789 | - | €533 | +€533 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,539 | €61 | -€4,477 | -98.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.