BUONO: 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.
BUONO
Largest movements
- Cash -€62,367
down €62,367 (-34.3%), from €181,851 to €119,485
mainly Investment in fixed assets (net) (-€127,398) and Contributions, distributions and other (-€116,129)
- Receivables within one year +€56,893
up €56,893 (+240%), from €23,663 to €80,556
of which Other amounts receivable: +€60,148
- Tangible fixed assets -€36,590
down €36,590 (-2.0%), from €1.8m to €1.8m
of which Land and buildings: -€84,139
- Reserves -€30,564
down €30,564 (-7.4%), from €411,071 to €380,507
- Debts after one year -€29,174
down €29,174 (-2.3%), from €1.3m to €1.3m
of which Financial debts: -€17,174
- Staff costs +€158,673
up €158,673 (+43.5%), from €364,359 to €523,033
- Gross operating margin +€62,029
up €62,029 (+7.7%), from €808,222 to €870,251
- Taxes -€18,554
down €18,554 (-29.5%), from €62,911 to €44,357
- Financial income -€14,667
down €14,667 (-95.9%), from €15,291 to €624
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 | €2,122,583 | €2,076,036 | -€46,547 | -2.2% |
| Fixed assets | 21/28 | €1,829,309 | €1,790,086 | -€39,223 | -2.1% |
| Intangible fixed assets | 21 | €4,920 | €2,287 | -€2,632 | -53.5% |
| Tangible fixed assets | 22/27 | €1,811,990 | €1,775,399 | -€36,590 | -2.0% |
| Land and buildings | 22 | €1,623,779 | €1,539,640 | -€84,139 | -5.2% |
| Plant, machinery and equipment | 23 | €98,296 | €130,039 | +€31,743 | +32.3% |
| Furniture and vehicles | 24 | €16,075 | €12,590 | -€3,486 | -21.7% |
| Leasing and similar rights | 25 | €1,797 | €741 | -€1,056 | -58.8% |
| Other tangible fixed assets | 26 | €72,043 | €92,390 | +€20,347 | +28.2% |
| Financial fixed assets | 28 | €12,400 | €12,400 | = | 0.0% |
| Current assets | 29/58 | €293,274 | €285,950 | -€7,325 | -2.5% |
| Stocks and contracts in progress | 3 | €80,442 | €67,674 | -€12,768 | -15.9% |
| Stocks | 30/36 | €80,442 | €67,674 | -€12,768 | -15.9% |
| Amounts receivable within one year | 40/41 | €23,663 | €80,556 | +€56,893 | +240% |
| Trade receivables | 40 | €12,092 | €8,838 | -€3,255 | -26.9% |
| Other amounts receivable | 41 | €11,571 | €71,719 | +€60,148 | +520% |
| Cash at bank and in hand | 54/58 | €181,851 | €119,485 | -€62,367 | -34.3% |
| Deferred charges and accrued income | 490/1 | €7,318 | €18,235 | +€10,917 | +149% |
| Total equity and liabilities | 10/49 | €2,122,583 | €2,076,036 | -€46,547 | -2.2% |
| Equity | 10/15 | €429,671 | €399,107 | -€30,564 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €411,071 | €380,507 | -€30,564 | -7.4% |
| Distributable reserves | 133 | €411,071 | €380,507 | -€30,564 | -7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,692,912 | €1,676,929 | -€15,983 | -0.9% |
| Amounts payable after more than one year | 17 | €1,286,128 | €1,256,954 | -€29,174 | -2.3% |
| Financial debts | 170/4 | €1,214,389 | €1,197,215 | -€17,174 | -1.4% |
| Other amounts payable | 178/9 | €71,740 | €59,739 | -€12,000 | -16.7% |
| Amounts payable within one year | 42/48 | €405,816 | €418,910 | +€13,094 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €104,255 | €121,168 | +€16,912 | +16.2% |
| Financial debts | 43 | €20,275 | €19,282 | -€993 | -4.9% |
| Credit institutions | 430/8 | €20,275 | €19,282 | -€993 | -4.9% |
| Trade debts | 44 | €135,288 | €135,215 | -€73 | -0.1% |
| Suppliers | 440/4 | €135,288 | €135,215 | -€73 | -0.1% |
| Advances received on contracts in progress | 46 | €176 | €8,904 | +€8,728 | +4,962% |
| Taxes, remuneration and social security | 45 | €120,986 | €108,213 | -€12,774 | -10.6% |
| Taxes | 450/3 | €62,174 | €55,174 | -€7,000 | -11.3% |
| Remuneration and social security | 454/9 | €58,813 | €53,039 | -€5,774 | -9.8% |
| Other amounts payable | 47/48 | €24,835 | €26,129 | +€1,294 | +5.2% |
| Accrued charges and deferred income | 492/3 | €968 | €1,064 | +€97 | +10.0% |
| Remuneration, social security and pensions | 62 | €364,359 | €523,033 | +€158,673 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,167 | €166,621 | +€4,454 | +2.7% |
| Other operating charges | 640/8 | €15,013 | €21,506 | +€6,494 | +43.3% |
| Gross operating margin | 9900 | €808,222 | €870,251 | +€62,029 | +7.7% |
| Operating profit (loss) | 9901 | €266,684 | €159,092 | -€107,592 | -40.3% |
| Financial income | 75/76B | €15,291 | €624 | -€14,667 | -95.9% |
| Recurring financial income | 75 | €15,291 | €624 | -€14,667 | -95.9% |
| Financial charges | 65/66B | €34,289 | €29,793 | -€4,496 | -13.1% |
| Recurring financial charges | 65 | €34,289 | €29,793 | -€4,496 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €247,685 | €129,922 | -€117,763 | -47.5% |
| Income taxes | 67/77 | €62,911 | €44,357 | -€18,554 | -29.5% |
| Profit (loss) for the period | 9904 | €184,774 | €85,565 | -€99,209 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €184,774 | €85,565 | -€99,209 | -53.7% |
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 31 October 2026 via checked.be.