BUNIYAAD: 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.
BUNIYAAD
Largest movements
- Stocks and contracts -€7,670
down €7,670 (-47.7%), from €16,093 to €8,423
- Cash -€3,850
down €3,850 (-29.3%), from €13,142 to €9,292
mainly Trade debts (-€6,686) and Current portion of long-term debt (-€3,502)
- Receivables within one year +€1,442
up €1,442 (+1,486%), from €97 to €1,539
of which Trade receivables: +€1,539
- Trade debts -€6,686
down €6,686 (-80.3%), from €8,328 to €1,642
- Current portion of long-term debt -€3,502
down €3,502 (-65.9%), from €5,316 to €1,814
- Profit (loss) carried forward +€2,177
up €2,177 (+47.8%), from €4,554 to €6,731
- Debts after one year -€1,814
no longer reported in 2025 (was €1,814)
- Other debts -€464
down €464 (-12.4%), from €3,751 to €3,287
- Turnover +€120,934
up €120,934 (+32.5%), from €372,450 to €493,383
- Purchases and services +€113,769
up €113,769 (+30.5%), from €373,337 to €487,106
- Gross operating margin +€7,164
up €7,164 (+2,288%), from €313 to €7,477
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 | €32,997 | €22,922 | -€10,075 | -30.5% |
| Fixed assets | 21/28 | €3,198 | €3,198 | = | 0.0% |
| Tangible fixed assets | 22/27 | €48 | €48 | = | 0.0% |
| Plant, machinery and equipment | 23 | €48 | €48 | = | 0.0% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €29,799 | €19,724 | -€10,075 | -33.8% |
| Stocks and contracts in progress | 3 | €16,093 | €8,423 | -€7,670 | -47.7% |
| Stocks | 30/36 | €16,093 | €8,423 | -€7,670 | -47.7% |
| Amounts receivable within one year | 40/41 | €97 | €1,539 | +€1,442 | +1,486% |
| Trade receivables | 40 | - | €1,539 | +€1,539 | |
| Other amounts receivable | 41 | €97 | - | -€97 | |
| Cash at bank and in hand | 54/58 | €13,142 | €9,292 | -€3,850 | -29.3% |
| Deferred charges and accrued income | 490/1 | €468 | €470 | +€3 | +0.6% |
| Total equity and liabilities | 10/49 | €32,997 | €22,922 | -€10,075 | -30.5% |
| Equity | 10/15 | €10,954 | €13,131 | +€2,177 | +19.9% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,554 | €6,731 | +€2,177 | +47.8% |
| Amounts payable | 17/49 | €22,043 | €9,791 | -€12,252 | -55.6% |
| Amounts payable after more than one year | 17 | €1,814 | - | -€1,814 | |
| Financial debts | 170/4 | €1,814 | - | -€1,814 | |
| Amounts payable within one year | 42/48 | €20,229 | €9,791 | -€10,438 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €5,316 | €1,814 | -€3,502 | -65.9% |
| Trade debts | 44 | €8,328 | €1,642 | -€6,686 | -80.3% |
| Suppliers | 440/4 | €8,328 | €1,642 | -€6,686 | -80.3% |
| Taxes, remuneration and social security | 45 | €2,834 | €3,049 | +€215 | +7.6% |
| Taxes | 450/3 | €2,548 | €1,644 | -€904 | -35.5% |
| Remuneration and social security | 454/9 | €285 | €1,405 | +€1,120 | +393% |
| Other amounts payable | 47/48 | €3,751 | €3,287 | -€464 | -12.4% |
| Turnover | 70 | €372,450 | €493,383 | +€120,934 | +32.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €373,337 | €487,106 | +€113,769 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157 | - | -€157 | |
| Other operating charges | 640/8 | €1,179 | €799 | -€380 | -32.2% |
| Gross operating margin | 9900 | €313 | €7,477 | +€7,164 | +2,288% |
| Operating profit (loss) | 9901 | -€1,023 | €6,678 | +€7,701 | |
| Financial income | 75/76B | €82 | €10 | -€72 | -87.9% |
| Recurring financial income | 75 | €82 | €10 | -€72 | -87.9% |
| Financial charges | 65/66B | €2,489 | €4,511 | +€2,022 | +81.2% |
| Recurring financial charges | 65 | €2,489 | €4,511 | +€2,022 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,430 | €2,177 | +€5,608 | |
| Income taxes | 67/77 | €2,026 | - | -€2,026 | |
| Profit (loss) for the period | 9904 | -€5,457 | €2,177 | +€7,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,457 | €2,177 | +€7,634 |
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 15 October 2026 via checked.be.