BONO 2: 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 2
Largest movements
- Tangible fixed assets -€14,432
down €14,432 (-2.5%), from €585,959 to €571,527
- Cash -€7,149
down €7,149 (-96.7%), from €7,392 to €243
mainly Debts after one year (-€32,653) and Other debts (-€22,067)
- Profit (loss) carried forward +€36,832
up €36,832 (+20.1%), from -€183,655 to -€146,823
- Debts after one year -€32,653
down €32,653 (-10.1%), from €323,409 to €290,756
- Other debts -€22,067
down €22,067 (-17.2%), from €128,557 to €106,490
- Gross operating margin +€2,429
up €2,429 (+3.9%), from €62,612 to €65,041
- Financial charges +€2,391
up €2,391 (+30.7%), from €7,775 to €10,166
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 | €601,515 | €581,938 | -€19,578 | -3.3% |
| Fixed assets | 21/28 | €585,959 | €571,527 | -€14,432 | -2.5% |
| Tangible fixed assets | 22/27 | €585,959 | €571,527 | -€14,432 | -2.5% |
| Land and buildings | 22 | €585,959 | €571,527 | -€14,432 | -2.5% |
| Current assets | 29/58 | €15,556 | €10,410 | -€5,146 | -33.1% |
| Amounts receivable within one year | 40/41 | €7,659 | €9,543 | +€1,884 | +24.6% |
| Trade receivables | 40 | €6,000 | €9,017 | +€3,017 | +50.3% |
| Other amounts receivable | 41 | €1,659 | €526 | -€1,132 | -68.3% |
| Cash at bank and in hand | 54/58 | €7,392 | €243 | -€7,149 | -96.7% |
| Deferred charges and accrued income | 490/1 | €505 | €624 | +€119 | +23.6% |
| Total equity and liabilities | 10/49 | €601,515 | €581,938 | -€19,578 | -3.3% |
| Equity | 10/15 | €110,544 | €147,377 | +€36,832 | +33.3% |
| Contributions | 10/11 | €294,200 | €294,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,655 | -€146,823 | +€36,832 | +20.1% |
| Amounts payable | 17/49 | €490,971 | €434,561 | -€56,410 | -11.5% |
| Amounts payable after more than one year | 17 | €323,409 | €290,756 | -€32,653 | -10.1% |
| Financial debts | 170/4 | €323,409 | €290,756 | -€32,653 | -10.1% |
| Amounts payable within one year | 42/48 | €161,548 | €143,644 | -€17,904 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €29,641 | €32,653 | +€3,012 | +10.2% |
| Trade debts | 44 | €3,351 | €4,501 | +€1,150 | +34.3% |
| Suppliers | 440/4 | €3,351 | €4,501 | +€1,150 | +34.3% |
| Other amounts payable | 47/48 | €128,557 | €106,490 | -€22,067 | -17.2% |
| Accrued charges and deferred income | 492/3 | €6,013 | €161 | -€5,853 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,432 | €14,432 | = | 0.0% |
| Other operating charges | 640/8 | €3,188 | €3,610 | +€422 | +13.2% |
| Gross operating margin | 9900 | €62,612 | €65,041 | +€2,429 | +3.9% |
| Operating profit (loss) | 9901 | €44,992 | €46,998 | +€2,006 | +4.5% |
| Financial charges | 65/66B | €7,775 | €10,166 | +€2,391 | +30.7% |
| Recurring financial charges | 65 | €7,775 | €10,166 | +€2,391 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €37,216 | €36,832 | -€384 | -1.0% |
| Profit (loss) for the period | 9904 | €37,216 | €36,832 | -€384 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,216 | €36,832 | -€384 | -1.0% |
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.