BUNA: 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.
BUNA
Largest movements
- Tangible fixed assets -€12,432
down €12,432 (-8.4%), from €148,615 to €136,183
of which Other tangible fixed assets: -€8,484
- Receivables within one year -€1,701
down €1,701 (-91.5%), from €1,858 to €157
of which Trade receivables: -€1,413
- Profit (loss) carried forward -€8,678
down €8,678 (-11.0%), from -€78,881 to -€87,560
- Debts after one year -€7,275
down €7,275 (-3.9%), from €188,470 to €181,195
of which Financial debts: -€8,275
- Other debts +€4,924
up €4,924 (+20.2%), from €24,354 to €29,278
- Current portion of long-term debt -€2,957
down €2,957 (-26.3%), from €11,231 to €8,275
- Gross operating margin +€11,537
up €11,537, from -€1,520 to €10,018
- Depreciation -€1,318
down €1,318 (-9.6%), from €13,750 to €12,432
- Other operating charges +€183
up €183 (+6.1%), from €2,992 to €3,176
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 | €152,120 | €137,093 | -€15,027 | -9.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €148,615 | €136,183 | -€12,432 | -8.4% |
| Tangible fixed assets | 22/27 | €148,615 | €136,183 | -€12,432 | -8.4% |
| Land and buildings | 22 | €9,723 | €8,766 | -€957 | -9.8% |
| Plant, machinery and equipment | 23 | €14,458 | €11,468 | -€2,991 | -20.7% |
| Other tangible fixed assets | 26 | €124,434 | €115,950 | -€8,484 | -6.8% |
| Current assets | 29/58 | €3,505 | €909 | -€2,595 | -74.0% |
| Amounts receivable within one year | 40/41 | €1,858 | €157 | -€1,701 | -91.5% |
| Trade receivables | 40 | €1,561 | €148 | -€1,413 | -90.5% |
| Other amounts receivable | 41 | €297 | €9 | -€288 | -97.0% |
| Cash at bank and in hand | 54/58 | €1,251 | €338 | -€913 | -73.0% |
| Deferred charges and accrued income | 490/1 | €395 | €414 | +€19 | +4.7% |
| Total equity and liabilities | 10/49 | €152,120 | €137,093 | -€15,027 | -9.9% |
| Equity | 10/15 | -€74,381 | -€83,060 | -€8,678 | -11.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,881 | -€87,560 | -€8,678 | -11.0% |
| Amounts payable | 17/49 | €226,501 | €220,152 | -€6,349 | -2.8% |
| Amounts payable after more than one year | 17 | €188,470 | €181,195 | -€7,275 | -3.9% |
| Financial debts | 170/4 | €188,470 | €180,195 | -€8,275 | -4.4% |
| Other amounts payable | 178/9 | - | €1,000 | +€1,000 | |
| Amounts payable within one year | 42/48 | €38,031 | €38,958 | +€926 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €11,231 | €8,275 | -€2,957 | -26.3% |
| Trade debts | 44 | €2,446 | €1,303 | -€1,143 | -46.7% |
| Suppliers | 440/4 | €2,446 | €1,303 | -€1,143 | -46.7% |
| Taxes, remuneration and social security | 45 | - | €101 | +€101 | |
| Taxes | 450/3 | - | €101 | +€101 | |
| Other amounts payable | 47/48 | €24,354 | €29,278 | +€4,924 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,750 | €12,432 | -€1,318 | -9.6% |
| Other operating charges | 640/8 | €2,992 | €3,176 | +€183 | +6.1% |
| Gross operating margin | 9900 | -€1,520 | €10,018 | +€11,537 | |
| Operating profit (loss) | 9901 | -€18,262 | -€5,590 | +€12,672 | +69.4% |
| Financial charges | 65/66B | €3,067 | €3,088 | +€21 | +0.7% |
| Recurring financial charges | 65 | €3,067 | €3,088 | +€21 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,329 | -€8,678 | +€12,651 | +59.3% |
| Profit (loss) for the period | 9904 | -€21,329 | -€8,678 | +€12,651 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,329 | -€8,678 | +€12,651 | +59.3% |
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 4 October 2026 via checked.be.