Bontinck: 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.
Bontinck
Largest movements
- Current investments +€225,383
new in 2025: €225,383
- Receivables within one year -€31,367
down €31,367 (-65.5%), from €47,908 to €16,541
of which Trade receivables: -€33,223
- Stocks and contracts -€20,297
down €20,297 (-31.7%), from €63,992 to €43,695
- Tangible fixed assets -€18,639
down €18,639 (-12.7%), from €146,839 to €128,200
of which Land and buildings: -€12,905
- Reserves +€77,124
up €77,124 (+15.6%), from €495,133 to €572,256
- Other debts +€59,660
up €59,660 (+41.0%), from €145,626 to €205,286
- Advances received +€21,082
up €21,082 (+247.2%), from €8,527 to €29,609
- Staff costs -€39,210
down €39,210 (-22.4%), from €175,102 to €135,893
- Taxes +€17,043
up €17,043 (+53.8%), from €31,653 to €48,696
- Gross operating margin +€9,660
up €9,660 (+3.1%), from €316,145 to €325,806
- Financial income +€7,594
up €7,594 (+293.7%), from €2,586 to €10,180
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 | €684,074 | €847,436 | +€163,362 | +23.9% |
| Fixed assets | 21/28 | €146,839 | €128,200 | -€18,639 | -12.7% |
| Tangible fixed assets | 22/27 | €146,839 | €128,200 | -€18,639 | -12.7% |
| Land and buildings | 22 | €129,053 | €116,147 | -€12,905 | -10.0% |
| Plant, machinery and equipment | 23 | €16,331 | €11,343 | -€4,988 | -30.5% |
| Furniture and vehicles | 24 | €1,455 | €709 | -€746 | -51.3% |
| Current assets | 29/58 | €537,235 | €719,236 | +€182,001 | +33.9% |
| Amounts receivable after more than one year | 29 | €23,211 | €23,675 | +€464 | +2.0% |
| Other amounts receivable | 291 | €23,211 | €23,675 | +€464 | +2.0% |
| Stocks and contracts in progress | 3 | €63,992 | €43,695 | -€20,297 | -31.7% |
| Stocks | 30/36 | €63,992 | €43,695 | -€20,297 | -31.7% |
| Amounts receivable within one year | 40/41 | €47,908 | €16,541 | -€31,367 | -65.5% |
| Trade receivables | 40 | €38,489 | €5,266 | -€33,223 | -86.3% |
| Other amounts receivable | 41 | €9,419 | €11,274 | +€1,856 | +19.7% |
| Current investments | 50/53 | - | €225,383 | +€225,383 | |
| Cash at bank and in hand | 54/58 | €394,525 | €402,554 | +€8,030 | +2.0% |
| Deferred charges and accrued income | 490/1 | €7,600 | €7,388 | -€212 | -2.8% |
| Total equity and liabilities | 10/49 | €684,074 | €847,436 | +€163,362 | +23.9% |
| Equity | 10/15 | €513,733 | €590,856 | +€77,124 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €495,133 | €572,256 | +€77,124 | +15.6% |
| Distributable reserves | 133 | €495,133 | €572,256 | +€77,124 | +15.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,341 | €256,580 | +€86,238 | +50.6% |
| Amounts payable within one year | 42/48 | €166,330 | €249,972 | +€83,641 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,244 | €4,377 | +€133 | +3.1% |
| Suppliers | 440/4 | €4,244 | €4,377 | +€133 | +3.1% |
| Advances received on contracts in progress | 46 | €8,527 | €29,609 | +€21,082 | +247.2% |
| Taxes, remuneration and social security | 45 | €7,933 | €10,700 | +€2,767 | +34.9% |
| Taxes | 450/3 | €7,859 | €10,700 | +€2,841 | +36.2% |
| Remuneration and social security | 454/9 | €75 | €0 | -€75 | -100.0% |
| Other amounts payable | 47/48 | €145,626 | €205,286 | +€59,660 | +41.0% |
| Accrued charges and deferred income | 492/3 | €4,011 | €6,608 | +€2,597 | +64.7% |
| Non-recurring operating income | 76A | - | €289 | +€289 | |
| Remuneration, social security and pensions | 62 | €175,102 | €135,893 | -€39,210 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,272 | €20,639 | -€633 | -3.0% |
| Other operating charges | 640/8 | €2,951 | €3,618 | +€667 | +22.6% |
| Gross operating margin | 9900 | €316,145 | €325,806 | +€9,660 | +3.1% |
| Operating profit (loss) | 9901 | €116,820 | €165,655 | +€48,835 | +41.8% |
| Financial income | 75/76B | €2,586 | €10,180 | +€7,594 | +293.7% |
| Recurring financial income | 75 | €2,586 | €10,180 | +€7,594 | +293.7% |
| Financial charges | 65/66B | €6,305 | €9,455 | +€3,150 | +50.0% |
| Recurring financial charges | 65 | €6,305 | €9,455 | +€3,150 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €113,101 | €166,380 | +€53,279 | +47.1% |
| Income taxes | 67/77 | €31,653 | €48,696 | +€17,043 | +53.8% |
| Profit (loss) for the period | 9904 | €81,448 | €117,684 | +€36,236 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,448 | €117,684 | +€36,236 | +44.5% |
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 30 September 2026 via checked.be.