Bunker 9: 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.
Bunker 9
Largest movements
- Cash +€120,321
up €120,321 (+228.6%), from €52,623 to €172,944
mainly Other debts (+€303,991) and Net result for the year (+€129,975)
- Current investments -€69,805
down €69,805 (-77.6%), from €90,000 to €20,195
- Receivables within one year +€22,112
up €22,112 (+27.0%), from €81,964 to €104,076
of which Trade receivables: +€35,406
- Tangible fixed assets -€13,047
down €13,047 (-23.8%), from €54,893 to €41,845
of which Furniture and vehicles: -€11,568
- Other debts +€303,991
up €303,991 (+28208.2%), from €1,078 to €305,069
- Profit (loss) carried forward -€175,094
down €175,094 (-100.0%), from €175,094 to €0
- Tax, wage and social debts -€43,723
down €43,723 (-63.1%), from €69,247 to €25,524
- Current portion of long-term debt -€13,798
down €13,798 (-100.0%), from €13,798 to €0
- Trade debts -€11,426
down €11,426 (-77.5%), from €14,752 to €3,325
- Gross operating margin +€39,777
up €39,777 (+27.8%), from €143,260 to €183,037
- Taxes +€10,105
up €10,105 (+35.9%), from €28,186 to €38,292
- Depreciation +€2,251
up €2,251 (+16.2%), from €13,857 to €16,109
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 | €281,468 | €341,418 | +€59,950 | +21.3% |
| Fixed assets | 21/28 | €54,893 | €41,845 | -€13,047 | -23.8% |
| Tangible fixed assets | 22/27 | €54,893 | €41,845 | -€13,047 | -23.8% |
| Plant, machinery and equipment | 23 | €4,260 | €3,012 | -€1,248 | -29.3% |
| Furniture and vehicles | 24 | €37,004 | €25,436 | -€11,568 | -31.3% |
| Other tangible fixed assets | 26 | €13,629 | €13,397 | -€232 | -1.7% |
| Current assets | 29/58 | €226,576 | €299,573 | +€72,997 | +32.2% |
| Amounts receivable within one year | 40/41 | €81,964 | €104,076 | +€22,112 | +27.0% |
| Trade receivables | 40 | €31,573 | €66,980 | +€35,406 | +112.1% |
| Other amounts receivable | 41 | €50,391 | €37,096 | -€13,295 | -26.4% |
| Current investments | 50/53 | €90,000 | €20,195 | -€69,805 | -77.6% |
| Cash at bank and in hand | 54/58 | €52,623 | €172,944 | +€120,321 | +228.6% |
| Deferred charges and accrued income | 490/1 | €1,988 | €2,359 | +€371 | +18.6% |
| Total equity and liabilities | 10/49 | €281,468 | €341,418 | +€59,950 | +21.3% |
| Equity | 10/15 | €182,594 | €7,500 | -€175,094 | -95.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,094 | €0 | -€175,094 | -100.0% |
| Amounts payable | 17/49 | €98,874 | €333,918 | +€235,044 | +237.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €98,874 | €333,918 | +€235,044 | +237.7% |
| Current portion of amounts payable after more than one year | 42 | €13,798 | €0 | -€13,798 | -100.0% |
| Trade debts | 44 | €14,752 | €3,325 | -€11,426 | -77.5% |
| Suppliers | 440/4 | €14,752 | €3,325 | -€11,426 | -77.5% |
| Taxes, remuneration and social security | 45 | €69,247 | €25,524 | -€43,723 | -63.1% |
| Taxes | 450/3 | €69,247 | €25,524 | -€43,723 | -63.1% |
| Other amounts payable | 47/48 | €1,078 | €305,069 | +€303,991 | +28208.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,857 | €16,109 | +€2,251 | +16.2% |
| Other operating charges | 640/8 | €58 | €465 | +€407 | +701.5% |
| Gross operating margin | 9900 | €143,260 | €183,037 | +€39,777 | +27.8% |
| Operating profit (loss) | 9901 | €129,344 | €166,462 | +€37,118 | +28.7% |
| Financial income | 75/76B | €852 | €2,320 | +€1,468 | +172.2% |
| Recurring financial income | 75 | €852 | €2,320 | +€1,468 | +172.2% |
| Financial charges | 65/66B | €890 | €516 | -€374 | -42.1% |
| Recurring financial charges | 65 | €890 | €516 | -€374 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €129,307 | €168,267 | +€38,960 | +30.1% |
| Income taxes | 67/77 | €28,186 | €38,292 | +€10,105 | +35.9% |
| Profit (loss) for the period | 9904 | €101,120 | €129,975 | +€28,854 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,120 | €129,975 | +€28,854 | +28.5% |
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 11 October 2026 via checked.be.