BONTHERM: 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.
BONTHERM
Largest movements
- Tangible fixed assets +€26,883
up €26,883 (+595%), from €4,521 to €31,404
of which Furniture and vehicles: +€27,042
- Cash +€13,948
up €13,948 (+270%), from €5,164 to €19,112
mainly Net result for the year (+€18,596) and Advances received (+€9,068)
- Receivables within one year -€5,761
down €5,761 (-10.2%), from €56,650 to €50,890
of which Trade receivables: -€4,468
- Profit (loss) carried forward +€10,344
up €10,344 (+121%), from €8,519 to €18,863
- Advances received +€9,068
new in 2025: €9,068
- Other debts +€7,616
up €7,616 (+60.7%), from €12,545 to €20,161
- Tax, wage and social debts +€5,611
up €5,611 (+264%), from €2,123 to €7,734
of which Taxes: +€5,611
- Trade debts +€2,784
up €2,784 (+7.0%), from €39,578 to €42,362
- Gross operating margin +€28,762
up €28,762 (+331%), from €8,691 to €37,453
- Taxes +€6,797
up €6,797 (+234%), from €2,900 to €9,697
- Depreciation +€3,845
up €3,845 (+251%), from €1,535 to €5,380
- Financial charges -€1,317
down €1,317 (-50.4%), from €2,613 to €1,296
of which Financial charges: -€1,410
- Other operating charges +€577
up €577 (+149%), from €387 to €964
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 | €68,965 | €104,388 | +€35,423 | +51.4% |
| Fixed assets | 21/28 | €4,546 | €31,429 | +€26,883 | +591% |
| Tangible fixed assets | 22/27 | €4,521 | €31,404 | +€26,883 | +595% |
| Plant, machinery and equipment | 23 | - | €538 | +€538 | |
| Furniture and vehicles | 24 | €2,049 | €29,091 | +€27,042 | +1,320% |
| Other tangible fixed assets | 26 | €2,472 | €1,775 | -€697 | -28.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €64,419 | €72,959 | +€8,540 | +13.3% |
| Amounts receivable within one year | 40/41 | €56,650 | €50,890 | -€5,761 | -10.2% |
| Trade receivables | 40 | €26,903 | €22,435 | -€4,468 | -16.6% |
| Other amounts receivable | 41 | €29,747 | €28,454 | -€1,293 | -4.3% |
| Cash at bank and in hand | 54/58 | €5,164 | €19,112 | +€13,948 | +270% |
| Deferred charges and accrued income | 490/1 | €2,604 | €2,958 | +€353 | +13.6% |
| Total equity and liabilities | 10/49 | €68,965 | €104,388 | +€35,423 | +51.4% |
| Equity | 10/15 | €14,719 | €25,063 | +€10,344 | +70.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,519 | €18,863 | +€10,344 | +121% |
| Amounts payable | 17/49 | €54,246 | €79,325 | +€25,079 | +46.2% |
| Amounts payable within one year | 42/48 | €54,246 | €79,325 | +€25,079 | +46.2% |
| Trade debts | 44 | €39,578 | €42,362 | +€2,784 | +7.0% |
| Suppliers | 440/4 | €39,578 | €42,362 | +€2,784 | +7.0% |
| Advances received on contracts in progress | 46 | - | €9,068 | +€9,068 | |
| Taxes, remuneration and social security | 45 | €2,123 | €7,734 | +€5,611 | +264% |
| Taxes | 450/3 | €723 | €6,334 | +€5,611 | +776% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €12,545 | €20,161 | +€7,616 | +60.7% |
| Remuneration, social security and pensions | 62 | €1,520 | €1,520 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,535 | €5,380 | +€3,845 | +251% |
| Other operating charges | 640/8 | €387 | €964 | +€577 | +149% |
| Non-recurring operating charges | 66A | €69 | - | -€69 | |
| Gross operating margin | 9900 | €8,691 | €37,453 | +€28,762 | +331% |
| Operating profit (loss) | 9901 | €5,180 | €29,589 | +€24,409 | +471% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €2,613 | €1,296 | -€1,317 | -50.4% |
| Recurring financial charges | 65 | €2,613 | €1,203 | -€1,410 | -54.0% |
| Non-recurring financial charges | 66B | - | €93 | +€93 | |
| Profit (loss) for the period before taxes | 9903 | €2,587 | €28,292 | +€25,706 | +994% |
| Income taxes | 67/77 | €2,900 | €9,697 | +€6,797 | +234% |
| Profit (loss) for the period | 9904 | -€313 | €18,596 | +€18,909 | |
| Profit (loss) for the period to be appropriated | 9905 | -€313 | €18,596 | +€18,909 |
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.