BUONOPANE: 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.
BUONOPANE
Largest movements
- Tangible fixed assets -€39,258
down €39,258 (-5.6%), from €705,694 to €666,436
of which Land and buildings: -€30,240
- Debts after one year -€37,811
down €37,811 (-7.8%), from €486,365 to €448,554
- Reserves -€22,690
down €22,690 (-25.7%), from €88,302 to €65,612
- Current portion of long-term debt -€13,297
down €13,297 (-20.8%), from €63,801 to €50,504
- Tax, wage and social debts +€11,762
up €11,762 (+35.5%), from €33,085 to €44,847
of which Remuneration and social security: +€7,136
- Trade debts +€10,992
up €10,992 (+33.8%), from €32,546 to €43,537
- Staff costs +€54,310
up €54,310 (+32.0%), from €169,468 to €223,778
- Gross operating margin +€30,737
up €30,737 (+13.0%), from €235,791 to €266,529
- Depreciation +€2,913
up €2,913 (+8.0%), from €36,345 to €39,258
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 | €774,059 | €728,575 | -€45,484 | -5.9% |
| Fixed assets | 21/28 | €707,789 | €668,534 | -€39,255 | -5.5% |
| Tangible fixed assets | 22/27 | €705,694 | €666,436 | -€39,258 | -5.6% |
| Land and buildings | 22 | €654,771 | €624,531 | -€30,240 | -4.6% |
| Plant, machinery and equipment | 23 | €50,922 | €41,905 | -€9,017 | -17.7% |
| Financial fixed assets | 28 | €2,095 | €2,098 | +€3 | +0.1% |
| Current assets | 29/58 | €66,270 | €60,041 | -€6,229 | -9.4% |
| Stocks and contracts in progress | 3 | €33,480 | €34,939 | +€1,459 | +4.4% |
| Stocks | 30/36 | €33,480 | €34,939 | +€1,459 | +4.4% |
| Amounts receivable within one year | 40/41 | €4,143 | €1,800 | -€2,343 | -56.6% |
| Trade receivables | 40 | - | €1,800 | +€1,800 | |
| Other amounts receivable | 41 | €4,143 | - | -€4,143 | |
| Cash at bank and in hand | 54/58 | €25,403 | €20,522 | -€4,881 | -19.2% |
| Deferred charges and accrued income | 490/1 | €3,244 | €2,779 | -€464 | -14.3% |
| Total equity and liabilities | 10/49 | €774,059 | €728,575 | -€45,484 | -5.9% |
| Equity | 10/15 | €158,262 | €135,572 | -€22,690 | -14.3% |
| Contributions | 10/11 | €69,960 | €69,960 | = | 0.0% |
| Reserves | 13 | €88,302 | €65,612 | -€22,690 | -25.7% |
| Distributable reserves | 133 | €88,302 | €65,612 | -€22,690 | -25.7% |
| Amounts payable | 17/49 | €615,797 | €593,003 | -€22,794 | -3.7% |
| Amounts payable after more than one year | 17 | €486,365 | €448,554 | -€37,811 | -7.8% |
| Financial debts | 170/4 | €486,365 | €448,554 | -€37,811 | -7.8% |
| Amounts payable within one year | 42/48 | €129,432 | €144,449 | +€15,017 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €63,801 | €50,504 | -€13,297 | -20.8% |
| Trade debts | 44 | €32,546 | €43,537 | +€10,992 | +33.8% |
| Suppliers | 440/4 | €32,546 | €43,537 | +€10,992 | +33.8% |
| Taxes, remuneration and social security | 45 | €33,085 | €44,847 | +€11,762 | +35.5% |
| Taxes | 450/3 | €10,934 | €15,560 | +€4,626 | +42.3% |
| Remuneration and social security | 454/9 | €22,151 | €29,287 | +€7,136 | +32.2% |
| Other amounts payable | 47/48 | - | €5,561 | +€5,561 | |
| Non-recurring operating income | 76A | €25,622 | €390 | -€25,232 | -98.5% |
| Remuneration, social security and pensions | 62 | €169,468 | €223,778 | +€54,310 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,345 | €39,258 | +€2,913 | +8.0% |
| Other operating charges | 640/8 | €7,942 | €8,148 | +€206 | +2.6% |
| Gross operating margin | 9900 | €235,791 | €266,529 | +€30,737 | +13.0% |
| Operating profit (loss) | 9901 | €22,037 | -€4,654 | -€26,691 | |
| Financial charges | 65/66B | €17,855 | €16,775 | -€1,080 | -6.1% |
| Recurring financial charges | 65 | €17,855 | €16,659 | -€1,196 | -6.7% |
| Non-recurring financial charges | 66B | - | €116 | +€116 | |
| Profit (loss) for the period before taxes | 9903 | €4,182 | -€21,429 | -€25,610 | |
| Income taxes | 67/77 | -€416 | €1,261 | +€1,677 | |
| Profit (loss) for the period | 9904 | €4,598 | -€22,690 | -€27,288 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,598 | -€22,690 | -€27,288 |
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 30 September 2026 via checked.be.