BONTEHOF: 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.
BONTEHOF
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+47.3%), from €2.6m to €3.9m
of which Land and buildings: +€1.1m
- Stocks and contracts -€524,398
down €524,398 (-36.5%), from €1.4m to €914,245
- Receivables within one year +€443,222
up €443,222 (+119%), from €372,513 to €815,735
of which Trade receivables: +€564,043
- Deferred charges and accrued income +€364,624
up €364,624 (+8,286%), from €4,401 to €369,025
- Cash +€145,392
up €145,392 (+616%), from €23,600 to €168,992
mainly Debts after one year (+€1.5m) and Stocks and contracts (+€524,398)
- Debts after one year +€1.5m
up €1.5m (+78.6%), from €1.9m to €3.5m
- Other debts -€256,050
down €256,050 (-47.8%), from €535,279 to €279,229
- Current portion of long-term debt +€150,616
up €150,616 (+55.0%), from €273,743 to €424,359
- Trade debts +€134,372
up €134,372 (+19.5%), from €689,320 to €823,692
- Short-term financial debts +€110,000
up €110,000 (+57.9%), from €190,000 to €300,000
- Financial income +€449,034
up €449,034 (+462%), from €97,199 to €546,232
- Gross operating margin -€287,090
down €287,090 (-77.6%), from €370,003 to €82,913
- Depreciation +€80,600
up €80,600 (+24.3%), from €331,038 to €411,638
- Financial charges +€64,006
up €64,006 (+270%), from €23,715 to €87,721
- Staff costs +€41,141
up €41,141 (+56.9%), from €72,310 to €113,451
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 | €4,460,874 | €6,131,043 | +€1.7m | +37.4% |
| Fixed assets | 21/28 | €2,621,717 | €3,863,047 | +€1.2m | +47.3% |
| Tangible fixed assets | 22/27 | €2,621,717 | €3,863,047 | +€1.2m | +47.3% |
| Land and buildings | 22 | €1,875,198 | €3,011,285 | +€1.1m | +60.6% |
| Plant, machinery and equipment | 23 | €467,613 | €435,339 | -€32,274 | -6.9% |
| Furniture and vehicles | 24 | €278,906 | €416,424 | +€137,518 | +49.3% |
| Current assets | 29/58 | €1,839,157 | €2,267,997 | +€428,840 | +23.3% |
| Stocks and contracts in progress | 3 | €1,438,643 | €914,245 | -€524,398 | -36.5% |
| Stocks | 30/36 | €1,438,643 | €914,245 | -€524,398 | -36.5% |
| Amounts receivable within one year | 40/41 | €372,513 | €815,735 | +€443,222 | +119% |
| Trade receivables | 40 | €244,789 | €808,833 | +€564,043 | +230% |
| Other amounts receivable | 41 | €127,724 | €6,902 | -€120,822 | -94.6% |
| Cash at bank and in hand | 54/58 | €23,600 | €168,992 | +€145,392 | +616% |
| Deferred charges and accrued income | 490/1 | €4,401 | €369,025 | +€364,624 | +8,286% |
| Total equity and liabilities | 10/49 | €4,460,874 | €6,131,043 | +€1.7m | +37.4% |
| Equity | 10/15 | €798,035 | €781,889 | -€16,147 | -2.0% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €320,236 | €320,236 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €320,236 | €320,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,133 | €237,932 | -€15,201 | -6.0% |
| Investment grants | 15 | €4,666 | €3,721 | -€945 | -20.3% |
| Provisions and deferred taxes | 16 | €246 | €196 | -€50 | -20.3% |
| Deferred taxes | 168 | €246 | €196 | -€50 | -20.3% |
| Amounts payable | 17/49 | €3,662,593 | €5,348,959 | +€1.7m | +46.0% |
| Amounts payable after more than one year | 17 | €1,940,990 | €3,466,847 | +€1.5m | +78.6% |
| Financial debts | 170/4 | €1,940,990 | €3,466,847 | +€1.5m | +78.6% |
| Amounts payable within one year | 42/48 | €1,719,571 | €1,877,343 | +€157,772 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €273,743 | €424,359 | +€150,616 | +55.0% |
| Financial debts | 43 | €190,000 | €300,000 | +€110,000 | +57.9% |
| Credit institutions | 430/8 | €190,000 | €300,000 | +€110,000 | +57.9% |
| Trade debts | 44 | €689,320 | €823,692 | +€134,372 | +19.5% |
| Suppliers | 440/4 | €689,320 | €823,692 | +€134,372 | +19.5% |
| Taxes, remuneration and social security | 45 | €31,228 | €50,063 | +€18,835 | +60.3% |
| Taxes | 450/3 | €25,036 | €34,585 | +€9,549 | +38.1% |
| Remuneration and social security | 454/9 | €6,192 | €15,478 | +€9,286 | +150% |
| Other amounts payable | 47/48 | €535,279 | €279,229 | -€256,050 | -47.8% |
| Accrued charges and deferred income | 492/3 | €2,032 | €4,768 | +€2,736 | +135% |
| Remuneration, social security and pensions | 62 | €72,310 | €113,451 | +€41,141 | +56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331,038 | €411,638 | +€80,600 | +24.3% |
| Other operating charges | 640/8 | €4,947 | €4,394 | -€553 | -11.2% |
| Gross operating margin | 9900 | €370,003 | €82,913 | -€287,090 | -77.6% |
| Operating profit (loss) | 9901 | -€38,291 | -€446,570 | -€408,279 | -1,066% |
| Financial income | 75/76B | €97,199 | €546,232 | +€449,034 | +462% |
| Recurring financial income | 75 | €97,199 | €546,232 | +€449,034 | +462% |
| Financial charges | 65/66B | €23,715 | €87,721 | +€64,006 | +270% |
| Recurring financial charges | 65 | €23,715 | €87,721 | +€64,006 | +270% |
| Profit (loss) for the period before taxes | 9903 | €35,192 | €11,941 | -€23,252 | -66.1% |
| Transfer from deferred taxes | 780 | €405 | €50 | -€355 | -87.7% |
| Income taxes | 67/77 | €4,460 | €27,192 | +€22,732 | +510% |
| Profit (loss) for the period | 9904 | €31,138 | -€15,201 | -€46,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,138 | -€15,201 | -€46,339 |
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 19 October 2026 via checked.be.