BONNIE: 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.
BONNIE
Largest movements
- Stocks and contracts -€69,448
down €69,448 (-57.3%), from €121,210 to €51,762
- Tangible fixed assets -€6,731
down €6,731 (-22.2%), from €30,321 to €23,590
of which Furniture and vehicles: -€3,718
- Cash -€3,361
down €3,361 (-10.0%), from €33,743 to €30,381
mainly Short-term financial debts (-€40,000) and Debts after one year (-€30,242)
- Short-term financial debts -€40,000
no longer reported in 2025 (was €40,000)
- Debts after one year -€30,242
down €30,242 (-91.6%), from €33,003 to €2,761
- Trade debts -€19,186
down €19,186 (-21.1%), from €90,969 to €71,783
- Profit (loss) carried forward -€14,094
down €14,094 (-21.5%), from -€65,696 to -€79,789
- Current portion of long-term debt +€12,624
up €12,624 (+27.0%), from €46,814 to €59,437
- Staff costs -€41,450
down €41,450 (-50.4%), from €82,232 to €40,782
- Gross operating margin -€10,888
down €10,888 (-17.7%), from €61,344 to €50,455
- Other operating charges +€4,152
up €4,152 (+42.9%), from €9,673 to €13,826
- Financial charges -€1,032
down €1,032 (-16.8%), from €6,141 to €5,109
- Financial income +€756
up €756 (+33.6%), from €2,247 to €3,003
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 | €201,401 | €121,493 | -€79,907 | -39.7% |
| Fixed assets | 21/28 | €45,321 | €38,590 | -€6,731 | -14.9% |
| Tangible fixed assets | 22/27 | €30,321 | €23,590 | -€6,731 | -22.2% |
| Plant, machinery and equipment | 23 | €5,813 | €4,897 | -€916 | -15.8% |
| Furniture and vehicles | 24 | €13,417 | €9,699 | -€3,718 | -27.7% |
| Other tangible fixed assets | 26 | €11,091 | €8,994 | -€2,097 | -18.9% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €156,080 | €82,903 | -€73,176 | -46.9% |
| Stocks and contracts in progress | 3 | €121,210 | €51,762 | -€69,448 | -57.3% |
| Stocks | 30/36 | €121,210 | €51,762 | -€69,448 | -57.3% |
| Amounts receivable within one year | 40/41 | - | €2 | +€2 | |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €33,743 | €30,381 | -€3,361 | -10.0% |
| Deferred charges and accrued income | 490/1 | €1,127 | €758 | -€369 | -32.7% |
| Total equity and liabilities | 10/49 | €201,401 | €121,493 | -€79,907 | -39.7% |
| Equity | 10/15 | -€57,196 | -€64,404 | -€7,209 | -12.6% |
| Contributions | 10/11 | €8,500 | €15,385 | +€6,885 | +81.0% |
| Profit (loss) carried forward | 14 | -€65,696 | -€79,789 | -€14,094 | -21.5% |
| Amounts payable | 17/49 | €258,596 | €185,897 | -€72,699 | -28.1% |
| Amounts payable after more than one year | 17 | €33,003 | €2,761 | -€30,242 | -91.6% |
| Other amounts payable | 178/9 | €33,003 | €2,761 | -€30,242 | -91.6% |
| Amounts payable within one year | 42/48 | €225,593 | €183,137 | -€42,457 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €46,814 | €59,437 | +€12,624 | +27.0% |
| Financial debts | 43 | €40,000 | - | -€40,000 | |
| Credit institutions | 430/8 | €40,000 | - | -€40,000 | |
| Trade debts | 44 | €90,969 | €71,783 | -€19,186 | -21.1% |
| Suppliers | 440/4 | €90,969 | €71,783 | -€19,186 | -21.1% |
| Taxes, remuneration and social security | 45 | €32,156 | €27,889 | -€4,267 | -13.3% |
| Taxes | 450/3 | €21,570 | €25,552 | +€3,982 | +18.5% |
| Remuneration and social security | 454/9 | €10,586 | €2,337 | -€8,248 | -77.9% |
| Other amounts payable | 47/48 | €15,655 | €24,027 | +€8,372 | +53.5% |
| Remuneration, social security and pensions | 62 | €82,232 | €40,782 | -€41,450 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,185 | €7,835 | -€350 | -4.3% |
| Other operating charges | 640/8 | €9,673 | €13,826 | +€4,152 | +42.9% |
| Gross operating margin | 9900 | €61,344 | €50,455 | -€10,888 | -17.7% |
| Operating profit (loss) | 9901 | -€38,746 | -€11,988 | +€26,759 | +69.1% |
| Financial income | 75/76B | €2,247 | €3,003 | +€756 | +33.6% |
| Recurring financial income | 75 | €2,247 | €3,003 | +€756 | +33.6% |
| Financial charges | 65/66B | €6,141 | €5,109 | -€1,032 | -16.8% |
| Recurring financial charges | 65 | €6,141 | €5,109 | -€1,032 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€42,640 | -€14,094 | +€28,546 | +66.9% |
| Profit (loss) for the period | 9904 | -€42,640 | -€14,094 | +€28,546 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,640 | -€14,094 | +€28,546 | +66.9% |
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 29 October 2026 via checked.be.