bonsai: what changed
Two fiscal 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.
bonsai
Largest movements
- Receivables within one year -€315,409
down €315,409 (-75.8%), from €416,193 to €100,784
of which Other amounts receivable: -€349,342
- Deferred charges and accrued income -€204,258
down €204,258 (-89.9%), from €227,297 to €23,039
- Cash -€194,596
down €194,596 (-33.8%), from €574,946 to €380,350
mainly Net result for the year (-€3.8m) and Short-term financial debts (-€2.0m)
- Financial fixed assets -€12,386
down €12,386 (-94.7%), from €13,086 to €700
- Contributions +€5.2m
up €5.2m (+79.7%), from €6.6m to €11.8m
- Profit (loss) carried forward -€3.8m
down €3.8m (-48.4%), from -€7.8m to -€11.6m
- Short-term financial debts -€2.0m
no longer reported in 2025 (was €2.0m)
- Trade debts -€231,013
down €231,013 (-53.1%), from €435,455 to €204,442
- Accrued charges and deferred income +€39,643
new in 2025: €39,643
- Gross operating margin +€1.4m
up €1.4m (+30.0%), from -€4.7m to -€3.3m
- Staff costs -€185,767
down €185,767 (-37.0%), from €502,093 to €316,326
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.
Cash bridge derived
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 | €1,237,894 | €507,007 | -€730,887 | -59.0% |
| Fixed assets | 21/28 | €19,457 | €2,833 | -€16,623 | -85.4% |
| Tangible fixed assets | 22/27 | €6,371 | €2,133 | -€4,237 | -66.5% |
| Furniture and vehicles | 24 | €6,371 | €2,133 | -€4,237 | -66.5% |
| Financial fixed assets | 28 | €13,086 | €700 | -€12,386 | -94.7% |
| Current assets | 29/58 | €1,218,437 | €504,173 | -€714,263 | -58.6% |
| Amounts receivable within one year | 40/41 | €416,193 | €100,784 | -€315,409 | -75.8% |
| Trade receivables | 40 | €1,672 | €35,604 | +€33,933 | +2030.0% |
| Other amounts receivable | 41 | €414,522 | €65,179 | -€349,342 | -84.3% |
| Cash at bank and in hand | 54/58 | €574,946 | €380,350 | -€194,596 | -33.8% |
| Deferred charges and accrued income | 490/1 | €227,297 | €23,039 | -€204,258 | -89.9% |
| Total equity and liabilities | 10/49 | €1,237,894 | €507,007 | -€730,887 | -59.0% |
| Equity | 10/15 | -€1,234,695 | €233,365 | +€1.5m | |
| Contributions | 10/11 | €6,584,850 | €11,834,643 | +€5.2m | +79.7% |
| Capital | 10 | €6,584,850 | €11,834,643 | +€5.2m | +79.7% |
| Issued capital | 100 | €6,584,850 | €12,584,857 | +€6.0m | +91.1% |
| Uncalled capital | 101 | - | €750,214 | +€750,214 | |
| Profit (loss) carried forward | 14 | -€7,819,545 | -€11,601,278 | -€3.8m | -48.4% |
| Amounts payable | 17/49 | €2,472,589 | €273,642 | -€2.2m | -88.9% |
| Amounts payable within one year | 42/48 | €2,472,589 | €233,999 | -€2.2m | -90.5% |
| Financial debts | 43 | €2,000,000 | - | -€2.0m | |
| Other loans | 439 | €2,000,000 | - | -€2.0m | |
| Trade debts | 44 | €435,455 | €204,442 | -€231,013 | -53.1% |
| Suppliers | 440/4 | €435,455 | €204,442 | -€231,013 | -53.1% |
| Taxes, remuneration and social security | 45 | €36,356 | €24,278 | -€12,078 | -33.2% |
| Taxes | 450/3 | €9,042 | €7,438 | -€1,604 | -17.7% |
| Remuneration and social security | 454/9 | €27,314 | €16,840 | -€10,474 | -38.3% |
| Other amounts payable | 47/48 | €778 | €5,279 | +€4,501 | +578.7% |
| Accrued charges and deferred income | 492/3 | - | €39,643 | +€39,643 | |
| Remuneration, social security and pensions | 62 | €502,093 | €316,326 | -€185,767 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,565 | €4,237 | -€4,327 | -50.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,114 | €30,000 | +€31,114 | |
| Other operating charges | 640/8 | €2,875 | €1,060 | -€1,814 | -63.1% |
| Non-recurring operating charges | 66A | - | €46,396 | +€46,396 | |
| Gross operating margin | 9900 | -€4,664,266 | -€3,263,498 | +€1.4m | +30.0% |
| Operating profit (loss) | 9901 | -€5,176,685 | -€3,661,519 | +€1.5m | +29.3% |
| Financial income | 75/76B | €5,224 | €19,362 | +€14,138 | +270.6% |
| Recurring financial income | 75 | €5,224 | €19,362 | +€14,138 | +270.6% |
| Financial charges | 65/66B | €86,339 | €132,042 | +€45,702 | +52.9% |
| Recurring financial charges | 65 | €86,339 | €132,042 | +€45,702 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,257,800 | -€3,774,198 | +€1.5m | +28.2% |
| Income taxes | 67/77 | €2,135 | €7,534 | +€5,399 | +252.9% |
| Profit (loss) for the period | 9904 | -€5,259,935 | -€3,781,733 | +€1.5m | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,259,935 | -€3,781,733 | +€1.5m | +28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.