Bunandy: 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.
Bunandy
Largest movements
- Receivables within one year +€40,792
up €40,792 (+107%), from €38,133 to €78,926
of which Other amounts receivable: +€32,763
- Cash -€6,045
down €6,045 (-50.3%), from €12,026 to €5,981
mainly Receivables within one year (-€40,792) and Investment in fixed assets (net) (-€3,939)
- Tangible fixed assets +€3,005
up €3,005 (+588%), from €511 to €3,515
- Profit (loss) carried forward +€30,034
up €30,034 (+110%), from €27,234 to €57,269
- Trade debts +€6,170
up €6,170 (+359%), from €1,719 to €7,889
- Tax, wage and social debts +€4,005
up €4,005 (+28.1%), from €14,259 to €18,264
- Other debts -€2,457
no longer reported in 2025 (was €2,457)
- Taxes -€9,000
no longer reported in 2025 (was €9,000)
- Gross operating margin -€3,411
down €3,411 (-9.1%), from €37,627 to €34,216
- Other operating charges +€1,528
up €1,528 (+203%), from €751 to €2,279
- Depreciation +€793
up €793 (+561%), from €141 to €934
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 | €50,670 | €88,422 | +€37,753 | +74.5% |
| Fixed assets | 21/28 | €511 | €3,515 | +€3,005 | +588% |
| Tangible fixed assets | 22/27 | €511 | €3,515 | +€3,005 | +588% |
| Furniture and vehicles | 24 | €511 | €3,515 | +€3,005 | +588% |
| Current assets | 29/58 | €50,159 | €84,907 | +€34,748 | +69.3% |
| Amounts receivable within one year | 40/41 | €38,133 | €78,926 | +€40,792 | +107% |
| Trade receivables | 40 | €13,004 | €21,034 | +€8,030 | +61.7% |
| Other amounts receivable | 41 | €25,129 | €57,892 | +€32,763 | +130% |
| Cash at bank and in hand | 54/58 | €12,026 | €5,981 | -€6,045 | -50.3% |
| Total equity and liabilities | 10/49 | €50,670 | €88,422 | +€37,753 | +74.5% |
| Equity | 10/15 | €32,234 | €62,269 | +€30,034 | +93.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,234 | €57,269 | +€30,034 | +110% |
| Amounts payable | 17/49 | €18,436 | €26,154 | +€7,718 | +41.9% |
| Amounts payable within one year | 42/48 | €18,436 | €26,154 | +€7,718 | +41.9% |
| Trade debts | 44 | €1,719 | €7,889 | +€6,170 | +359% |
| Suppliers | 440/4 | €1,719 | €7,889 | +€6,170 | +359% |
| Taxes, remuneration and social security | 45 | €14,259 | €18,264 | +€4,005 | +28.1% |
| Taxes | 450/3 | €14,259 | €18,264 | +€4,005 | +28.1% |
| Other amounts payable | 47/48 | €2,457 | - | -€2,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €934 | +€793 | +561% |
| Other operating charges | 640/8 | €751 | €2,279 | +€1,528 | +203% |
| Gross operating margin | 9900 | €37,627 | €34,216 | -€3,411 | -9.1% |
| Operating profit (loss) | 9901 | €36,734 | €31,002 | -€5,732 | -15.6% |
| Financial income | 75/76B | €682 | €474 | -€208 | -30.5% |
| Recurring financial income | 75 | €682 | €474 | -€208 | -30.5% |
| Financial charges | 65/66B | €1,182 | €1,442 | +€260 | +22.0% |
| Recurring financial charges | 65 | €1,182 | €1,442 | +€260 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €36,234 | €30,034 | -€6,200 | -17.1% |
| Income taxes | 67/77 | €9,000 | - | -€9,000 | |
| Profit (loss) for the period | 9904 | €27,234 | €30,034 | +€2,800 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,234 | €30,034 | +€2,800 | +10.3% |
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 14 October 2026 via checked.be.