BUNOVA: what changed
Two fiscal 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.
BUNOVA
Largest movements
- Tangible fixed assets -€347,495
down €347,495 (-5.6%), from €6.2m to €5.8m
- Cash -€75,749
down €75,749 (-40.2%), from €188,662 to €112,913
mainly Debts after one year (-€632,310) and Current portion of long-term debt (-€64,536)
- Debts after one year -€632,310
down €632,310 (-20.1%), from €3.1m to €2.5m
- Reserves +€286,916
up €286,916 (+17.8%), from €1.6m to €1.9m
of which Distributable reserves: +€286,916
- Current portion of long-term debt -€64,536
down €64,536 (-9.3%), from €696,837 to €632,301
- Financial income -€180,394
down €180,394 (-98.7%), from €182,863 to €2,468
- Turnover +€21,573
up €21,573 (+2.6%), from €814,841 to €836,414
- Other operating charges +€17,318
up €17,318 (+20.4%), from €85,043 to €102,360
- Financial charges -€16,901
down €16,901 (-18.6%), from €90,834 to €73,934
- Other operating income +€15,459
up €15,459 (+18.4%), from €83,949 to €99,408
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 | €6,370,021 | €5,925,234 | -€444,787 | -7.0% |
| Fixed assets | 21/28 | €6,159,211 | €5,811,716 | -€347,495 | -5.6% |
| Tangible fixed assets | 22/27 | €6,159,211 | €5,811,716 | -€347,495 | -5.6% |
| Land and buildings | 22 | €6,159,211 | €5,811,716 | -€347,495 | -5.6% |
| Current assets | 29/58 | €210,810 | €113,518 | -€97,292 | -46.2% |
| Amounts receivable within one year | 40/41 | €1,430 | €606 | -€825 | -57.7% |
| Other amounts receivable | 41 | €1,430 | €606 | -€825 | -57.7% |
| Cash at bank and in hand | 54/58 | €188,662 | €112,913 | -€75,749 | -40.2% |
| Deferred charges and accrued income | 490/1 | €20,718 | - | -€20,718 | |
| Total equity and liabilities | 10/49 | €6,370,021 | €5,925,234 | -€444,787 | -7.0% |
| Equity | 10/15 | €2,443,385 | €2,727,833 | +€284,448 | +11.6% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €1,612,190 | €1,899,106 | +€286,916 | +17.8% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €1,532,190 | €1,819,106 | +€286,916 | +18.7% |
| Investment grants | 15 | €31,195 | €28,726 | -€2,468 | -7.9% |
| Amounts payable | 17/49 | €3,926,636 | €3,197,401 | -€729,234 | -18.6% |
| Amounts payable after more than one year | 17 | €3,148,024 | €2,515,715 | -€632,310 | -20.1% |
| Financial debts | 170/4 | €3,148,024 | €2,515,715 | -€632,310 | -20.1% |
| Credit institutions | 173 | €2,948,024 | €2,415,715 | -€532,310 | -18.1% |
| Other loans | 174 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Amounts payable within one year | 42/48 | €773,701 | €681,687 | -€92,015 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €696,837 | €632,301 | -€64,536 | -9.3% |
| Trade debts | 44 | €11,609 | €10,317 | -€1,292 | -11.1% |
| Suppliers | 440/4 | €11,609 | €10,317 | -€1,292 | -11.1% |
| Taxes, remuneration and social security | 45 | €35,814 | €26,865 | -€8,949 | -25.0% |
| Taxes | 450/3 | €35,814 | €26,865 | -€8,949 | -25.0% |
| Other amounts payable | 47/48 | €29,442 | €12,204 | -€17,238 | -58.5% |
| Accrued charges and deferred income | 492/3 | €4,910 | - | -€4,910 | |
| Operating income | 70/76A | €898,790 | €935,822 | +€37,032 | +4.1% |
| Turnover | 70 | €814,841 | €836,414 | +€21,573 | +2.6% |
| Other operating income | 74 | €83,949 | €99,408 | +€15,459 | +18.4% |
| Operating charges | 60/66A | €470,041 | €480,820 | +€10,778 | +2.3% |
| Services and other goods | 61 | €30,738 | €25,498 | -€5,240 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354,261 | €352,961 | -€1,300 | -0.4% |
| Other operating charges | 640/8 | €85,043 | €102,360 | +€17,318 | +20.4% |
| Operating profit (loss) | 9901 | €428,749 | €455,002 | +€26,253 | +6.1% |
| Financial income | 75/76B | €182,863 | €2,468 | -€180,394 | -98.7% |
| Recurring financial income | 75 | €182,863 | €2,468 | -€180,394 | -98.7% |
| Income from financial fixed assets | 750 | €180,394 | - | -€180,394 | |
| Other financial income | 752/9 | €2,468 | €2,468 | = | 0.0% |
| Financial charges | 65/66B | €90,834 | €73,934 | -€16,901 | -18.6% |
| Recurring financial charges | 65 | €90,834 | €73,934 | -€16,901 | -18.6% |
| Debt charges | 650 | €89,991 | €73,187 | -€16,804 | -18.7% |
| Other financial charges | 652/9 | €844 | €747 | -€97 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €520,777 | €383,537 | -€137,241 | -26.4% |
| Income taxes | 67/77 | €95,339 | €96,621 | +€1,282 | +1.3% |
| Taxes | 670/3 | €95,339 | €96,621 | +€1,282 | +1.3% |
| Profit (loss) for the period | 9904 | €425,439 | €286,916 | -€138,523 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €425,439 | €286,916 | -€138,523 | -32.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.