BONTE - VERFAILLIE: 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.
BONTE - VERFAILLIE
Largest movements
- Cash -€58,640
down €58,640 (-58.1%), from €100,921 to €42,282
mainly Investment in fixed assets (net) (-€37,393) and Other debts (-€27,000)
- Receivables within one year -€20,368
down €20,368 (-14.4%), from €141,425 to €121,057
of which Other amounts receivable: -€13,111
- Tangible fixed assets +€16,952
up €16,952 (+16.0%), from €106,156 to €123,107
of which Other tangible fixed assets: +€20,539
- Deferred charges and accrued income +€7,549
up €7,549 (+314%), from €2,402 to €9,951
- Stocks and contracts +€5,691
up €5,691 (+19.9%), from €28,539 to €34,230
- Other debts -€27,000
down €27,000 (-67.5%), from €40,000 to €13,000
- Tax, wage and social debts -€16,393
down €16,393 (-34.8%), from €47,139 to €30,745
of which Remuneration and social security: -€16,032
- Debts after one year +€12,649
up €12,649 (+300%), from €4,222 to €16,872
- Trade debts -€11,573
down €11,573 (-37.8%), from €30,607 to €19,034
- Provisions -€6,909
down €6,909 (-100%), from €6,909 to €0
- Gross operating margin -€34,475
down €34,475 (-11.3%), from €304,826 to €270,351
- Staff costs +€20,399
up €20,399 (+9.5%), from €214,546 to €234,945
- Taxes -€6,040
down €6,040 (-89.6%), from €6,740 to €700
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 | €379,442 | €330,627 | -€48,815 | -12.9% |
| Fixed assets | 21/28 | €106,156 | €123,107 | +€16,952 | +16.0% |
| Tangible fixed assets | 22/27 | €106,156 | €123,107 | +€16,952 | +16.0% |
| Plant, machinery and equipment | 23 | €29,722 | €26,312 | -€3,409 | -11.5% |
| Furniture and vehicles | 24 | €359 | €181 | -€177 | -49.5% |
| Other tangible fixed assets | 26 | €76,075 | €96,614 | +€20,539 | +27.0% |
| Current assets | 29/58 | €273,287 | €207,520 | -€65,767 | -24.1% |
| Stocks and contracts in progress | 3 | €28,539 | €34,230 | +€5,691 | +19.9% |
| Stocks | 30/36 | €28,539 | €34,230 | +€5,691 | +19.9% |
| Amounts receivable within one year | 40/41 | €141,425 | €121,057 | -€20,368 | -14.4% |
| Trade receivables | 40 | €7,257 | €0 | -€7,257 | -100% |
| Other amounts receivable | 41 | €134,168 | €121,057 | -€13,111 | -9.8% |
| Cash at bank and in hand | 54/58 | €100,921 | €42,282 | -€58,640 | -58.1% |
| Deferred charges and accrued income | 490/1 | €2,402 | €9,951 | +€7,549 | +314% |
| Total equity and liabilities | 10/49 | €379,442 | €330,627 | -€48,815 | -12.9% |
| Equity | 10/15 | €234,867 | €235,795 | +€928 | +0.4% |
| Contributions | 10/11 | €192,100 | €192,100 | = | 0.0% |
| Capital | 10 | €192,100 | €192,100 | = | 0.0% |
| Issued capital | 100 | €192,100 | €192,100 | = | 0.0% |
| Reserves | 13 | €42,767 | €43,695 | +€928 | +2.2% |
| Non-distributable reserves | 130/1 | €7,600 | €8,300 | +€700 | +9.2% |
| Legal reserve | 130 | €7,600 | €8,300 | +€700 | +9.2% |
| Tax-exempt reserves | 132 | €6,882 | €6,882 | = | 0.0% |
| Distributable reserves | 133 | €28,285 | €28,513 | +€228 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €6,909 | €0 | -€6,909 | -100% |
| Provisions for liabilities and charges | 160/5 | €6,909 | €0 | -€6,909 | -100% |
| Major repairs and maintenance | 162 | €6,909 | €0 | -€6,909 | -100% |
| Amounts payable | 17/49 | €137,666 | €94,832 | -€42,834 | -31.1% |
| Amounts payable after more than one year | 17 | €4,222 | €16,872 | +€12,649 | +300% |
| Financial debts | 170/4 | €4,222 | €16,872 | +€12,649 | +300% |
| Amounts payable within one year | 42/48 | €129,193 | €73,893 | -€55,301 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €5,447 | €8,580 | +€3,132 | +57.5% |
| Financial debts | 43 | €6,000 | €2,533 | -€3,467 | -57.8% |
| Credit institutions | 430/8 | €6,000 | €2,533 | -€3,467 | -57.8% |
| Trade debts | 44 | €30,607 | €19,034 | -€11,573 | -37.8% |
| Suppliers | 440/4 | €30,607 | €19,034 | -€11,573 | -37.8% |
| Taxes, remuneration and social security | 45 | €47,139 | €30,745 | -€16,393 | -34.8% |
| Taxes | 450/3 | €5,706 | €5,345 | -€361 | -6.3% |
| Remuneration and social security | 454/9 | €41,433 | €25,401 | -€16,032 | -38.7% |
| Other amounts payable | 47/48 | €40,000 | €13,000 | -€27,000 | -67.5% |
| Accrued charges and deferred income | 492/3 | €4,250 | €4,068 | -€183 | -4.3% |
| Remuneration, social security and pensions | 62 | €214,546 | €234,945 | +€20,399 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,513 | €20,441 | -€1,072 | -5.0% |
| Other operating charges | 640/8 | €1,403 | €1,358 | -€45 | -3.2% |
| Non-recurring operating charges | 66A | €6,909 | -€6,909 | -€13,818 | |
| Gross operating margin | 9900 | €304,826 | €270,351 | -€34,475 | -11.3% |
| Operating profit (loss) | 9901 | €60,455 | €20,516 | -€39,939 | -66.1% |
| Financial income | 75/76B | €2,252 | €2,036 | -€216 | -9.6% |
| Recurring financial income | 75 | €2,252 | €2,036 | -€216 | -9.6% |
| Financial charges | 65/66B | €7,563 | €7,924 | +€361 | +4.8% |
| Recurring financial charges | 65 | €7,563 | €7,924 | +€361 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €55,144 | €14,628 | -€40,516 | -73.5% |
| Income taxes | 67/77 | €6,740 | €700 | -€6,040 | -89.6% |
| Profit (loss) for the period | 9904 | €48,404 | €13,928 | -€34,476 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,404 | €13,928 | -€34,476 | -71.2% |
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 26 October 2026 via checked.be.