BUNOTRANS: 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.
BUNOTRANS
Largest movements
- Cash +€107,145
up €107,145 (+515.3%), from €20,795 to €127,940
mainly Current investments (+€106,734) and Depreciation (+€40,784)
- Current investments -€106,734
no longer reported in 2025 (was €106,734)
- Tangible fixed assets -€24,353
down €24,353 (-17.3%), from €140,586 to €116,233
of which Furniture and vehicles: -€25,083
- Receivables within one year +€9,994
up €9,994 (+53.3%), from €18,756 to €28,750
of which Trade receivables: +€8,523
- Debts after one year -€25,230
down €25,230 (-56.8%), from €44,420 to €19,190
- Reserves +€7,386
up €7,386 (+4.4%), from €166,950 to €174,336
of which Distributable reserves: +€9,636
- Depreciation -€4,775
down €4,775 (-10.5%), from €45,559 to €40,784
- Gross operating margin -€2,042
down €2,042 (-2.6%), from €77,506 to €75,463
- Taxes +€1,004
up €1,004 (+10.0%), from €10,037 to €11,041
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 | €290,906 | €274,895 | -€16,011 | -5.5% |
| Fixed assets | 21/28 | €140,586 | €116,233 | -€24,353 | -17.3% |
| Tangible fixed assets | 22/27 | €140,586 | €116,233 | -€24,353 | -17.3% |
| Plant, machinery and equipment | 23 | €11,650 | €13,833 | +€2,183 | +18.7% |
| Furniture and vehicles | 24 | €126,335 | €101,252 | -€25,083 | -19.9% |
| Leasing and similar rights | 25 | €2,407 | €1,135 | -€1,271 | -52.8% |
| Other tangible fixed assets | 26 | €194 | €12 | -€182 | -93.7% |
| Current assets | 29/58 | €150,320 | €158,662 | +€8,342 | +5.5% |
| Amounts receivable within one year | 40/41 | €18,756 | €28,750 | +€9,994 | +53.3% |
| Trade receivables | 40 | €14,932 | €23,454 | +€8,523 | +57.1% |
| Other amounts receivable | 41 | €3,824 | €5,296 | +€1,472 | +38.5% |
| Current investments | 50/53 | €106,734 | - | -€106,734 | |
| Cash at bank and in hand | 54/58 | €20,795 | €127,940 | +€107,145 | +515.3% |
| Deferred charges and accrued income | 490/1 | €4,036 | €1,972 | -€2,064 | -51.1% |
| Total equity and liabilities | 10/49 | €290,906 | €274,895 | -€16,011 | -5.5% |
| Equity | 10/15 | €186,950 | €194,336 | +€7,386 | +4.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €166,950 | €174,336 | +€7,386 | +4.4% |
| Tax-exempt reserves | 132 | €8,827 | €6,577 | -€2,250 | -25.5% |
| Distributable reserves | 133 | €158,123 | €167,759 | +€9,636 | +6.1% |
| Provisions and deferred taxes | 16 | €2,942 | €2,192 | -€750 | -25.5% |
| Deferred taxes | 168 | €2,942 | €2,192 | -€750 | -25.5% |
| Amounts payable | 17/49 | €101,013 | €78,366 | -€22,647 | -22.4% |
| Amounts payable after more than one year | 17 | €44,420 | €19,190 | -€25,230 | -56.8% |
| Financial debts | 170/4 | €44,420 | €19,190 | -€25,230 | -56.8% |
| Amounts payable within one year | 42/48 | €55,211 | €56,192 | +€981 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €25,111 | €25,230 | +€119 | +0.5% |
| Trade debts | 44 | €8,142 | €6,146 | -€1,996 | -24.5% |
| Suppliers | 440/4 | €8,142 | €6,146 | -€1,996 | -24.5% |
| Taxes, remuneration and social security | 45 | €1,320 | €2,069 | +€749 | +56.8% |
| Taxes | 450/3 | €1,320 | €2,069 | +€749 | +56.8% |
| Other amounts payable | 47/48 | €20,638 | €22,747 | +€2,108 | +10.2% |
| Accrued charges and deferred income | 492/3 | €1,382 | €2,985 | +€1,602 | +115.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,559 | €40,784 | -€4,775 | -10.5% |
| Other operating charges | 640/8 | €1,634 | €1,762 | +€128 | +7.8% |
| Gross operating margin | 9900 | €77,506 | €75,463 | -€2,042 | -2.6% |
| Operating profit (loss) | 9901 | €30,312 | €32,917 | +€2,605 | +8.6% |
| Financial income | 75/76B | €19 | €724 | +€705 | +3646.1% |
| Recurring financial income | 75 | €19 | €724 | +€705 | +3646.1% |
| Financial charges | 65/66B | €5,304 | €4,543 | -€761 | -14.4% |
| Recurring financial charges | 65 | €5,304 | €4,543 | -€761 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €25,027 | €29,098 | +€4,071 | +16.3% |
| Transfer from deferred taxes | 780 | €750 | €750 | = | 0.0% |
| Income taxes | 67/77 | €10,037 | €11,041 | +€1,004 | +10.0% |
| Profit (loss) for the period | 9904 | €15,740 | €18,807 | +€3,066 | +19.5% |
| Transfer from tax-exempt reserves | 789 | €2,250 | €2,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,990 | €21,057 | +€3,066 | +17.0% |
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 12 October 2026 via checked.be.