BONNEU: 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.
BONNEU
Largest movements
- Tangible fixed assets -€90,900
down €90,900 (-9.0%), from €1.0m to €919,781
of which Land and buildings: -€72,667
- Receivables within one year +€25,460
up €25,460 (+19.8%), from €128,323 to €153,783
of which Other amounts receivable: +€12,827
- Cash +€15,611
up €15,611, from €0 to €15,611
mainly Depreciation (+€91,770) and Tax, wage and social debts (+€23,154)
- Debts after one year -€62,112
down €62,112 (-17.6%), from €352,341 to €290,229
- Tax, wage and social debts +€23,154
up €23,154 (+63.6%), from €36,406 to €59,561
of which Taxes: +€14,765
- Gross operating margin -€79,268
down €79,268 (-22.8%), from €347,270 to €268,002
- Staff costs -€61,684
down €61,684 (-29.7%), from €207,789 to €146,105
- Depreciation -€20,656
down €20,656 (-18.4%), from €112,426 to €91,770
- Financial income -€13,578
down €13,578 (-66.4%), from €20,449 to €6,871
- Financial charges -€10,305
down €10,305 (-33.3%), from €30,988 to €20,683
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 | €1,202,619 | €1,153,436 | -€49,183 | -4.1% |
| Fixed assets | 21/28 | €1,014,986 | €923,216 | -€91,770 | -9.0% |
| Intangible fixed assets | 21 | €4,305 | €3,435 | -€870 | -20.2% |
| Tangible fixed assets | 22/27 | €1,010,681 | €919,781 | -€90,900 | -9.0% |
| Land and buildings | 22 | €971,463 | €898,796 | -€72,667 | -7.5% |
| Plant, machinery and equipment | 23 | €18,414 | €10,149 | -€8,264 | -44.9% |
| Furniture and vehicles | 24 | €18,065 | €10,835 | -€7,230 | -40.0% |
| Leasing and similar rights | 25 | €2,739 | €0 | -€2,739 | -100% |
| Current assets | 29/58 | €187,633 | €230,220 | +€42,587 | +22.7% |
| Stocks and contracts in progress | 3 | €59,120 | €58,500 | -€621 | -1.0% |
| Stocks | 30/36 | €59,120 | €58,500 | -€621 | -1.0% |
| Amounts receivable within one year | 40/41 | €128,323 | €153,783 | +€25,460 | +19.8% |
| Trade receivables | 40 | €3,630 | €16,263 | +€12,633 | +348% |
| Other amounts receivable | 41 | €124,693 | €137,520 | +€12,827 | +10.3% |
| Current investments | 50/53 | €2 | €2 | +€0 | +5.3% |
| Cash at bank and in hand | 54/58 | €0 | €15,611 | +€15,611 | |
| Deferred charges and accrued income | 490/1 | €188 | €2,326 | +€2,137 | +1,137% |
| Total equity and liabilities | 10/49 | €1,202,619 | €1,153,436 | -€49,183 | -4.1% |
| Equity | 10/15 | €685,002 | €693,262 | +€8,260 | +1.2% |
| Contributions | 10/11 | €290,035 | €290,035 | = | 0.0% |
| Capital | 10 | €290,035 | €290,035 | = | 0.0% |
| Issued capital | 100 | €290,035 | €290,035 | = | 0.0% |
| Uncalled capital | 101 | - | €0 | = | |
| Reserves | 13 | €394,966 | €403,227 | +€8,260 | +2.1% |
| Non-distributable reserves | 130/1 | €26,345 | €26,758 | +€413 | +1.6% |
| Legal reserve | 130 | €26,345 | €26,758 | +€413 | +1.6% |
| Distributable reserves | 133 | €368,621 | €376,468 | +€7,847 | +2.1% |
| Amounts payable | 17/49 | €517,617 | €460,173 | -€57,443 | -11.1% |
| Amounts payable after more than one year | 17 | €352,341 | €290,229 | -€62,112 | -17.6% |
| Financial debts | 170/4 | €352,341 | €290,229 | -€62,112 | -17.6% |
| Amounts payable within one year | 42/48 | €165,276 | €169,944 | +€4,668 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €79,125 | €78,374 | -€751 | -0.9% |
| Financial debts | 43 | €11,157 | - | -€11,157 | |
| Credit institutions | 430/8 | €11,157 | - | -€11,157 | |
| Trade debts | 44 | €38,587 | €32,009 | -€6,578 | -17.0% |
| Suppliers | 440/4 | €38,587 | €32,009 | -€6,578 | -17.0% |
| Taxes, remuneration and social security | 45 | €36,406 | €59,561 | +€23,154 | +63.6% |
| Taxes | 450/3 | €12,516 | €27,280 | +€14,765 | +118% |
| Remuneration and social security | 454/9 | €23,890 | €32,280 | +€8,390 | +35.1% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €207,789 | €146,105 | -€61,684 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,426 | €91,770 | -€20,656 | -18.4% |
| Other operating charges | 640/8 | €10,825 | €7,836 | -€2,990 | -27.6% |
| Non-recurring operating charges | 66A | €360 | - | -€360 | |
| Gross operating margin | 9900 | €347,270 | €268,002 | -€79,268 | -22.8% |
| Operating profit (loss) | 9901 | €15,869 | €22,291 | +€6,422 | +40.5% |
| Financial income | 75/76B | €20,449 | €6,871 | -€13,578 | -66.4% |
| Recurring financial income | 75 | €20,449 | €6,871 | -€13,578 | -66.4% |
| Financial charges | 65/66B | €30,988 | €20,683 | -€10,305 | -33.3% |
| Recurring financial charges | 65 | €30,988 | €20,683 | -€10,305 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €5,330 | €8,479 | +€3,149 | +59.1% |
| Income taxes | 67/77 | €223 | €219 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | €5,106 | €8,260 | +€3,154 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,106 | €8,260 | +€3,154 | +61.8% |
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 14 October 2026 via checked.be.