DAVID BONIVER: 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.
DAVID BONIVER
Largest movements
- Receivables within one year +€32,357
up €32,357 (+60.9%), from €53,127 to €85,483
of which Trade receivables: +€30,652
- Cash -€9,353
down €9,353 (-82.4%), from €11,348 to €1,995
mainly Receivables within one year (-€32,357) and Current portion of long-term debt (-€8,882)
- Tangible fixed assets -€9,344
down €9,344 (-38.2%), from €24,479 to €15,134
of which Furniture and vehicles: -€6,076
- Deferred charges and accrued income -€2,949
down €2,949 (-60.3%), from €4,888 to €1,939
- Tax, wage and social debts +€14,436
up €14,436 (+167%), from €8,660 to €23,096
of which Taxes: +€15,608
- Reserves +€14,364
up €14,364 (+38.8%), from €37,023 to €51,387
of which Distributable reserves: +€14,364
- Current portion of long-term debt -€8,882
down €8,882 (-53.8%), from €16,499 to €7,617
- Debts after one year -€7,617
no longer reported in 2025 (was €7,617)
- Trade debts -€1,590
down €1,590 (-8.9%), from €17,841 to €16,251
- Staff costs -€27,016
down €27,016 (-87.7%), from €30,813 to €3,797
- Gross operating margin -€20,788
down €20,788 (-37.4%), from €55,625 to €34,837
- Other operating charges -€5,680
down €5,680 (-89.5%), from €6,345 to €665
- Taxes +€4,483
up €4,483 (+258%), from €1,737 to €6,220
- Depreciation -€3,347
down €3,347 (-26.4%), from €12,691 to €9,344
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 | €93,841 | €104,552 | +€10,711 | +11.4% |
| Fixed assets | 21/28 | €24,479 | €15,134 | -€9,344 | -38.2% |
| Tangible fixed assets | 22/27 | €24,479 | €15,134 | -€9,344 | -38.2% |
| Plant, machinery and equipment | 23 | €8,788 | €5,519 | -€3,269 | -37.2% |
| Furniture and vehicles | 24 | €15,691 | €9,615 | -€6,076 | -38.7% |
| Current assets | 29/58 | €69,363 | €89,417 | +€20,055 | +28.9% |
| Amounts receivable within one year | 40/41 | €53,127 | €85,483 | +€32,357 | +60.9% |
| Trade receivables | 40 | €35,453 | €66,105 | +€30,652 | +86.5% |
| Other amounts receivable | 41 | €17,674 | €19,378 | +€1,704 | +9.6% |
| Cash at bank and in hand | 54/58 | €11,348 | €1,995 | -€9,353 | -82.4% |
| Deferred charges and accrued income | 490/1 | €4,888 | €1,939 | -€2,949 | -60.3% |
| Total equity and liabilities | 10/49 | €93,841 | €104,552 | +€10,711 | +11.4% |
| Equity | 10/15 | €43,223 | €57,587 | +€14,364 | +33.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,023 | €51,387 | +€14,364 | +38.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,163 | €49,527 | +€14,364 | +40.8% |
| Amounts payable | 17/49 | €50,618 | €46,965 | -€3,653 | -7.2% |
| Amounts payable after more than one year | 17 | €7,617 | - | -€7,617 | |
| Financial debts | 170/4 | €7,617 | - | -€7,617 | |
| Amounts payable within one year | 42/48 | €43,001 | €46,965 | +€3,964 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €16,499 | €7,617 | -€8,882 | -53.8% |
| Trade debts | 44 | €17,841 | €16,251 | -€1,590 | -8.9% |
| Suppliers | 440/4 | €17,841 | €16,251 | -€1,590 | -8.9% |
| Taxes, remuneration and social security | 45 | €8,660 | €23,096 | +€14,436 | +167% |
| Taxes | 450/3 | €6,619 | €22,227 | +€15,608 | +236% |
| Remuneration and social security | 454/9 | €2,041 | €869 | -€1,173 | -57.5% |
| Remuneration, social security and pensions | 62 | €30,813 | €3,797 | -€27,016 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,691 | €9,344 | -€3,347 | -26.4% |
| Other operating charges | 640/8 | €6,345 | €665 | -€5,680 | -89.5% |
| Gross operating margin | 9900 | €55,625 | €34,837 | -€20,788 | -37.4% |
| Operating profit (loss) | 9901 | €5,776 | €21,030 | +€15,254 | +264% |
| Financial income | 75/76B | €1,490 | €1,010 | -€480 | -32.2% |
| Recurring financial income | 75 | €1,490 | €1,010 | -€480 | -32.2% |
| Financial charges | 65/66B | €2,606 | €1,456 | -€1,149 | -44.1% |
| Recurring financial charges | 65 | €2,606 | €1,456 | -€1,149 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €4,660 | €20,584 | +€15,924 | +342% |
| Income taxes | 67/77 | €1,737 | €6,220 | +€4,483 | +258% |
| Profit (loss) for the period | 9904 | €2,923 | €14,364 | +€11,441 | +391% |
| Profit (loss) for the period to be appropriated | 9905 | €2,923 | €14,364 | +€11,441 | +391% |
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 27 October 2026 via checked.be.