BÚNI: 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.
BÚNI
Largest movements
- Receivables within one year +€38,671
up €38,671 (+29.0%), from €133,179 to €171,851
of which Trade receivables: +€38,696
- Stocks and contracts -€31,731
down €31,731 (-7.6%), from €418,370 to €386,639
- Tangible fixed assets -€27,654
down €27,654 (-2.2%), from €1.2m to €1.2m
of which Land and buildings: -€35,809
- Other debts +€77,859
up €77,859 (+25.6%), from €303,895 to €381,754
- Reserves -€75,909
down €75,909 (-53.1%), from €142,855 to €66,947
of which Distributable reserves: -€75,909
- Current portion of long-term debt -€49,029
down €49,029 (-61.5%), from €79,677 to €30,648
- Trade debts +€33,337
up €33,337 (+26.2%), from €127,216 to €160,553
- Debts after one year -€32,716
down €32,716 (-4.4%), from €750,839 to €718,123
of which Financial debts: -€30,648
- Staff costs +€63,653
up €63,653 (+20.0%), from €318,533 to €382,186
- Depreciation +€19,387
up €19,387 (+33.3%), from €58,179 to €77,565
- Other operating charges +€13,640
up €13,640 (+1,207%), from €1,130 to €14,770
- Gross operating margin +€10,571
up €10,571 (+2.3%), from €460,772 to €471,344
- Financial charges +€8,537
up €8,537 (+17.4%), from €48,935 to €57,472
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 | €1,908,945 | €1,879,955 | -€28,990 | -1.5% |
| Fixed assets | 21/28 | €1,279,628 | €1,250,099 | -€29,530 | -2.3% |
| Intangible fixed assets | 21 | €38,495 | €36,619 | -€1,876 | -4.9% |
| Tangible fixed assets | 22/27 | €1,241,084 | €1,213,430 | -€27,654 | -2.2% |
| Land and buildings | 22 | €1,161,960 | €1,126,150 | -€35,809 | -3.1% |
| Plant, machinery and equipment | 23 | €5,041 | €9,831 | +€4,790 | +95.0% |
| Furniture and vehicles | 24 | €49,242 | €67,066 | +€17,824 | +36.2% |
| Leasing and similar rights | 25 | €24,841 | €10,382 | -€14,458 | -58.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €629,317 | €629,857 | +€540 | +0.1% |
| Stocks and contracts in progress | 3 | €418,370 | €386,639 | -€31,731 | -7.6% |
| Stocks | 30/36 | €418,370 | €386,639 | -€31,731 | -7.6% |
| Amounts receivable within one year | 40/41 | €133,179 | €171,851 | +€38,671 | +29.0% |
| Trade receivables | 40 | €133,020 | €171,716 | +€38,696 | +29.1% |
| Other amounts receivable | 41 | €159 | €134 | -€25 | -15.6% |
| Cash at bank and in hand | 54/58 | €65,238 | €58,857 | -€6,381 | -9.8% |
| Deferred charges and accrued income | 490/1 | €12,530 | €12,510 | -€20 | -0.2% |
| Total equity and liabilities | 10/49 | €1,908,945 | €1,879,955 | -€28,990 | -1.5% |
| Equity | 10/15 | €342,206 | €265,947 | -€76,260 | -22.3% |
| Contributions | 10/11 | €199,000 | €199,000 | = | 0.0% |
| Capital | 10 | €199,000 | €199,000 | = | 0.0% |
| Issued capital | 100 | €199,000 | €199,000 | = | 0.0% |
| Reserves | 13 | €142,855 | €66,947 | -€75,909 | -53.1% |
| Non-distributable reserves | 130/1 | €19,900 | €19,900 | = | 0.0% |
| Legal reserve | 130 | €19,900 | €19,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €106,755 | €30,847 | -€75,909 | -71.1% |
| Profit (loss) carried forward | 14 | €351 | €0 | -€351 | -100% |
| Amounts payable | 17/49 | €1,566,739 | €1,614,009 | +€47,270 | +3.0% |
| Amounts payable after more than one year | 17 | €750,839 | €718,123 | -€32,716 | -4.4% |
| Financial debts | 170/4 | €748,772 | €718,123 | -€30,648 | -4.1% |
| Trade debts | 175 | €0 | - | = | |
| Other amounts payable | 178/9 | €2,067 | €0 | -€2,067 | -100% |
| Amounts payable within one year | 42/48 | €799,048 | €895,248 | +€96,199 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €79,677 | €30,648 | -€49,029 | -61.5% |
| Financial debts | 43 | €204,040 | €200,000 | -€4,040 | -2.0% |
| Credit institutions | 430/8 | €204,040 | €200,000 | -€4,040 | -2.0% |
| Trade debts | 44 | €127,216 | €160,553 | +€33,337 | +26.2% |
| Suppliers | 440/4 | €127,216 | €160,553 | +€33,337 | +26.2% |
| Advances received on contracts in progress | 46 | - | €12,251 | +€12,251 | |
| Taxes, remuneration and social security | 45 | €84,220 | €110,041 | +€25,821 | +30.7% |
| Taxes | 450/3 | €37,705 | €51,337 | +€13,631 | +36.2% |
| Remuneration and social security | 454/9 | €46,515 | €58,704 | +€12,190 | +26.2% |
| Other amounts payable | 47/48 | €303,895 | €381,754 | +€77,859 | +25.6% |
| Accrued charges and deferred income | 492/3 | €16,851 | €638 | -€16,214 | -96.2% |
| Remuneration, social security and pensions | 62 | €318,533 | €382,186 | +€63,653 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,179 | €77,565 | +€19,387 | +33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,130 | €14,770 | +€13,640 | +1,207% |
| Non-recurring operating charges | 66A | €28,701 | €15,334 | -€13,367 | -46.6% |
| Gross operating margin | 9900 | €460,772 | €471,344 | +€10,571 | +2.3% |
| Operating profit (loss) | 9901 | €54,229 | -€18,512 | -€72,742 | |
| Financial income | 75/76B | €407 | €858 | +€452 | +111% |
| Recurring financial income | 75 | €407 | €858 | +€452 | +111% |
| Financial charges | 65/66B | €48,935 | €57,472 | +€8,537 | +17.4% |
| Recurring financial charges | 65 | €48,935 | €57,472 | +€8,537 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €5,701 | -€75,126 | -€80,827 | |
| Income taxes | 67/77 | €1,637 | €1,133 | -€503 | -30.8% |
| Profit (loss) for the period | 9904 | €4,064 | -€76,260 | -€80,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,064 | -€76,260 | -€80,324 |
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.