BUN PHO: 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.
BUN PHO
Largest movements
- Tangible fixed assets -€2,991
down €2,991 (-10.8%), from €27,609 to €24,617
of which Land and buildings: -€2,800
- Cash -€1,521
down €1,521 (-17.9%), from €8,499 to €6,978
mainly Advances received (-€2,540) and Investment in fixed assets (net) (-€2,149)
- Receivables within one year +€1,204
up €1,204 (+12.5%), from €9,620 to €10,824
of which Trade receivables: +€1,193
- Deferred charges and accrued income +€1,066
up €1,066 (+330%), from €323 to €1,389
- Stocks and contracts +€884
up €884 (+129%), from €686 to €1,569
- Advances received -€2,540
down €2,540 (-28.5%), from €8,900 to €6,360
- Trade debts +€2,044
up €2,044 (+55.5%), from €3,680 to €5,724
- Tax, wage and social debts -€888
down €888 (-91.0%), from €976 to €88
- Other operating charges -€1,537
down €1,537 (-44.0%), from €3,491 to €1,954
- Gross operating margin -€1,444
down €1,444 (-15.6%), from €9,275 to €7,831
- Depreciation +€479
up €479 (+10.3%), from €4,662 to €5,141
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 | €46,737 | €45,378 | -€1,359 | -2.9% |
| Fixed assets | 21/28 | €27,609 | €24,617 | -€2,991 | -10.8% |
| Tangible fixed assets | 22/27 | €27,609 | €24,617 | -€2,991 | -10.8% |
| Land and buildings | 22 | €20,767 | €17,967 | -€2,800 | -13.5% |
| Plant, machinery and equipment | 23 | €5,330 | €5,241 | -€89 | -1.7% |
| Furniture and vehicles | 24 | €1,512 | €1,410 | -€102 | -6.8% |
| Current assets | 29/58 | €19,128 | €20,761 | +€1,633 | +8.5% |
| Stocks and contracts in progress | 3 | €686 | €1,569 | +€884 | +129% |
| Stocks | 30/36 | €686 | €1,569 | +€884 | +129% |
| Amounts receivable within one year | 40/41 | €9,620 | €10,824 | +€1,204 | +12.5% |
| Trade receivables | 40 | €9,620 | €10,813 | +€1,193 | +12.4% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €8,499 | €6,978 | -€1,521 | -17.9% |
| Deferred charges and accrued income | 490/1 | €323 | €1,389 | +€1,066 | +330% |
| Total equity and liabilities | 10/49 | €46,737 | €45,378 | -€1,359 | -2.9% |
| Equity | 10/15 | €7,300 | €7,509 | +€209 | +2.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,300 | €5,509 | +€209 | +3.9% |
| Distributable reserves | 133 | €5,300 | €5,509 | +€209 | +3.9% |
| Amounts payable | 17/49 | €39,437 | €37,869 | -€1,567 | -4.0% |
| Amounts payable within one year | 42/48 | €39,422 | €37,869 | -€1,553 | -3.9% |
| Trade debts | 44 | €3,680 | €5,724 | +€2,044 | +55.5% |
| Suppliers | 440/4 | €3,680 | €5,724 | +€2,044 | +55.5% |
| Advances received on contracts in progress | 46 | €8,900 | €6,360 | -€2,540 | -28.5% |
| Taxes, remuneration and social security | 45 | €976 | €88 | -€888 | -91.0% |
| Taxes | 450/3 | €976 | €88 | -€888 | -91.0% |
| Other amounts payable | 47/48 | €25,866 | €25,697 | -€169 | -0.7% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,662 | €5,141 | +€479 | +10.3% |
| Other operating charges | 640/8 | €3,491 | €1,954 | -€1,537 | -44.0% |
| Gross operating margin | 9900 | €9,275 | €7,831 | -€1,444 | -15.6% |
| Operating profit (loss) | 9901 | €1,122 | €737 | -€386 | -34.4% |
| Financial income | 75/76B | €0 | €53 | +€53 | +175,767% |
| Recurring financial income | 75 | €0 | €53 | +€53 | +175,767% |
| Financial charges | 65/66B | €499 | €493 | -€6 | -1.1% |
| Recurring financial charges | 65 | €499 | €493 | -€6 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €624 | €297 | -€327 | -52.5% |
| Income taxes | 67/77 | €115 | €88 | -€27 | -23.8% |
| Profit (loss) for the period | 9904 | €509 | €209 | -€300 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €509 | €209 | -€300 | -58.9% |
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 18 October 2026 via checked.be.