Bonomelli Law: 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.
Bonomelli Law
Largest movements
- Current investments +€131,116
new in 2025: €131,116
- Cash -€20,942
down €20,942 (-15.1%), from €138,439 to €117,497
mainly Current investments (-€131,116) and Contributions, distributions and other (-€8,033)
- Receivables within one year +€2,667
new in 2025: €2,667
- Tangible fixed assets +€2,612
new in 2025: €2,612
- Reserves +€105,925
up €105,925 (+108%), from €98,363 to €204,288
- Other debts +€10,083
up €10,083 (+38.7%), from €26,025 to €36,108
- Gross operating margin +€18,700
up €18,700 (+13.3%), from €140,119 to €158,819
- Taxes +€3,443
up €3,443 (+8.4%), from €40,889 to €44,333
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 | €138,484 | €254,303 | +€115,818 | +83.6% |
| Fixed assets | 21/28 | - | €2,612 | +€2,612 | |
| Tangible fixed assets | 22/27 | - | €2,612 | +€2,612 | |
| Furniture and vehicles | 24 | - | €2,612 | +€2,612 | |
| Current assets | 29/58 | €138,484 | €251,691 | +€113,206 | +81.7% |
| Amounts receivable within one year | 40/41 | - | €2,667 | +€2,667 | |
| Other amounts receivable | 41 | - | €2,667 | +€2,667 | |
| Current investments | 50/53 | - | €131,116 | +€131,116 | |
| Cash at bank and in hand | 54/58 | €138,439 | €117,497 | -€20,942 | -15.1% |
| Deferred charges and accrued income | 490/1 | €46 | €411 | +€365 | +802% |
| Total equity and liabilities | 10/49 | €138,484 | €254,303 | +€115,818 | +83.6% |
| Equity | 10/15 | €101,363 | €207,288 | +€105,925 | +105% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €98,363 | €204,288 | +€105,925 | +108% |
| Distributable reserves | 133 | €98,363 | €204,288 | +€105,925 | +108% |
| Amounts payable | 17/49 | €37,122 | €47,014 | +€9,893 | +26.6% |
| Amounts payable within one year | 42/48 | €37,122 | €47,014 | +€9,893 | +26.6% |
| Trade debts | 44 | €207 | €1 | -€207 | -99.5% |
| Suppliers | 440/4 | €207 | €1 | -€207 | -99.5% |
| Advances received on contracts in progress | 46 | - | €16 | +€16 | |
| Taxes, remuneration and social security | 45 | €10,889 | €10,889 | = | 0.0% |
| Taxes | 450/3 | €10,889 | €10,889 | = | 0.0% |
| Other amounts payable | 47/48 | €26,025 | €36,108 | +€10,083 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €458 | +€458 | |
| Gross operating margin | 9900 | €140,119 | €158,819 | +€18,700 | +13.3% |
| Operating profit (loss) | 9901 | €140,119 | €158,361 | +€18,242 | +13.0% |
| Financial income | 75/76B | - | €226 | +€226 | |
| Recurring financial income | 75 | - | €226 | +€226 | |
| Financial charges | 65/66B | €34 | €296 | +€262 | +777% |
| Recurring financial charges | 65 | €34 | €296 | +€262 | +777% |
| Profit (loss) for the period before taxes | 9903 | €140,085 | €158,291 | +€18,206 | +13.0% |
| Income taxes | 67/77 | €40,889 | €44,333 | +€3,443 | +8.4% |
| Profit (loss) for the period | 9904 | €99,196 | €113,958 | +€14,763 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,196 | €113,958 | +€14,763 | +14.9% |
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 25 October 2026 via checked.be.