BONO: 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.
BONO
Largest movements
- Cash +€39,801
up €39,801 (+161%), from €24,791 to €64,592
mainly Net result for the year (+€57,876) and Debts after one year (+€32,600)
- Tangible fixed assets -€21,299
down €21,299 (-33.7%), from €63,206 to €41,907
of which Leasing and similar rights: -€14,669
- Current portion of long-term debt -€78,282
down €78,282 (-62.3%), from €125,682 to €47,400
- Reserves +€57,876
up €57,876 (+201%), from €28,752 to €86,628
- Debts after one year +€32,600
up €32,600 (+8.1%), from €404,805 to €437,405
of which Other amounts payable: +€66,362
- Tax, wage and social debts +€22,508
up €22,508 (+202%), from €11,131 to €33,639
of which Taxes: +€17,143
- Gross operating margin +€63,218
up €63,218 (+99.5%), from €63,548 to €126,766
- Financial charges +€15,410
up €15,410 (+128%), from €12,032 to €27,441
- Depreciation +€12,847
up €12,847 (+145%), from €8,831 to €21,678
- Taxes +€11,621
up €11,621 (+104%), from €11,131 to €22,752
- Financial income +€6,008
new in 2025: €6,008
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 | €766,035 | €788,516 | +€22,481 | +2.9% |
| Fixed assets | 21/28 | €724,808 | €703,509 | -€21,299 | -2.9% |
| Tangible fixed assets | 22/27 | €63,206 | €41,907 | -€21,299 | -33.7% |
| Plant, machinery and equipment | 23 | €1,289 | €789 | -€500 | -38.8% |
| Furniture and vehicles | 24 | €24,098 | €17,969 | -€6,130 | -25.4% |
| Leasing and similar rights | 25 | €37,819 | €23,149 | -€14,669 | -38.8% |
| Financial fixed assets | 28 | €661,602 | €661,602 | = | 0.0% |
| Current assets | 29/58 | €41,227 | €85,007 | +€43,780 | +106% |
| Amounts receivable within one year | 40/41 | €15,500 | €20,000 | +€4,500 | +29.0% |
| Trade receivables | 40 | €15,500 | €20,000 | +€4,500 | +29.0% |
| Cash at bank and in hand | 54/58 | €24,791 | €64,592 | +€39,801 | +161% |
| Deferred charges and accrued income | 490/1 | €936 | €415 | -€521 | -55.7% |
| Total equity and liabilities | 10/49 | €766,035 | €788,516 | +€22,481 | +2.9% |
| Equity | 10/15 | €208,752 | €266,628 | +€57,876 | +27.7% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €28,752 | €86,628 | +€57,876 | +201% |
| Distributable reserves | 133 | €28,752 | €86,628 | +€57,876 | +201% |
| Amounts payable | 17/49 | €557,283 | €521,888 | -€35,395 | -6.4% |
| Amounts payable after more than one year | 17 | €404,805 | €437,405 | +€32,600 | +8.1% |
| Financial debts | 170/4 | €384,121 | €350,359 | -€33,762 | -8.8% |
| Other amounts payable | 178/9 | €20,684 | €87,046 | +€66,362 | +321% |
| Amounts payable within one year | 42/48 | €145,260 | €84,483 | -€60,777 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €125,682 | €47,400 | -€78,282 | -62.3% |
| Trade debts | 44 | €2,946 | €3,444 | +€498 | +16.9% |
| Suppliers | 440/4 | €2,946 | €3,444 | +€498 | +16.9% |
| Taxes, remuneration and social security | 45 | €11,131 | €33,639 | +€22,508 | +202% |
| Taxes | 450/3 | €11,131 | €28,274 | +€17,143 | +154% |
| Remuneration and social security | 454/9 | - | €5,365 | +€5,365 | |
| Other amounts payable | 47/48 | €5,500 | - | -€5,500 | |
| Accrued charges and deferred income | 492/3 | €7,218 | - | -€7,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,831 | €21,678 | +€12,847 | +145% |
| Other operating charges | 640/8 | €2,302 | €3,027 | +€725 | +31.5% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €63,548 | €126,766 | +€63,218 | +99.5% |
| Operating profit (loss) | 9901 | €51,915 | €102,061 | +€50,146 | +96.6% |
| Financial income | 75/76B | - | €6,008 | +€6,008 | |
| Recurring financial income | 75 | - | €6,008 | +€6,008 | |
| Financial charges | 65/66B | €12,032 | €27,441 | +€15,410 | +128% |
| Recurring financial charges | 65 | €12,032 | €27,441 | +€15,410 | +128% |
| Profit (loss) for the period before taxes | 9903 | €39,883 | €80,628 | +€40,745 | +102% |
| Income taxes | 67/77 | €11,131 | €22,752 | +€11,621 | +104% |
| Profit (loss) for the period | 9904 | €28,752 | €57,876 | +€29,124 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €28,752 | €57,876 | +€29,124 | +101% |
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 1 November 2026 via checked.be.