Dr. Alexander Bonte: 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.
Dr. Alexander Bonte
Largest movements
- Current investments +€82,123
up €82,123 (+155%), from €52,877 to €135,000
- Receivables within one year +€32,564
up €32,564 (+61.0%), from €53,367 to €85,932
- Deferred charges and accrued income -€8,059
down €8,059 (-42.5%), from €18,968 to €10,909
- Cash -€2,610
down €2,610 (-9.9%), from €26,389 to €23,779
mainly Current investments (-€82,123) and Receivables within one year (-€32,564)
- Reserves +€100,863
up €100,863 (+85.5%), from €117,929 to €218,792
- Tax, wage and social debts +€3,123
up €3,123 (+12.0%), from €25,957 to €29,079
- Gross operating margin +€13,170
up €13,170 (+11.5%), from €114,402 to €127,572
- Taxes +€3,344
up €3,344 (+13.3%), from €25,222 to €28,566
- Financial income +€1,294
up €1,294 (+146%), from €883 to €2,177
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 | €151,601 | €255,620 | +€104,018 | +68.6% |
| Current assets | 29/58 | €151,601 | €255,620 | +€104,018 | +68.6% |
| Amounts receivable within one year | 40/41 | €53,367 | €85,932 | +€32,564 | +61.0% |
| Other amounts receivable | 41 | €53,367 | €85,932 | +€32,564 | +61.0% |
| Current investments | 50/53 | €52,877 | €135,000 | +€82,123 | +155% |
| Cash at bank and in hand | 54/58 | €26,389 | €23,779 | -€2,610 | -9.9% |
| Deferred charges and accrued income | 490/1 | €18,968 | €10,909 | -€8,059 | -42.5% |
| Total equity and liabilities | 10/49 | €151,601 | €255,620 | +€104,018 | +68.6% |
| Equity | 10/15 | €122,929 | €223,792 | +€100,863 | +82.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €117,929 | €218,792 | +€100,863 | +85.5% |
| Distributable reserves | 133 | €117,929 | €218,792 | +€100,863 | +85.5% |
| Amounts payable | 17/49 | €28,673 | €31,828 | +€3,155 | +11.0% |
| Amounts payable within one year | 42/48 | €27,983 | €30,824 | +€2,841 | +10.2% |
| Trade debts | 44 | €730 | €404 | -€326 | -44.6% |
| Suppliers | 440/4 | €730 | €404 | -€326 | -44.6% |
| Taxes, remuneration and social security | 45 | €25,957 | €29,079 | +€3,123 | +12.0% |
| Taxes | 450/3 | €25,957 | €29,079 | +€3,123 | +12.0% |
| Other amounts payable | 47/48 | €1,296 | €1,340 | +€44 | +3.4% |
| Accrued charges and deferred income | 492/3 | €690 | €1,004 | +€314 | +45.6% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €114,402 | €127,572 | +€13,170 | +11.5% |
| Operating profit (loss) | 9901 | €114,287 | €127,446 | +€13,159 | +11.5% |
| Financial income | 75/76B | €883 | €2,177 | +€1,294 | +146% |
| Recurring financial income | 75 | €883 | €2,177 | +€1,294 | +146% |
| Financial charges | 65/66B | €69 | €195 | +€126 | +182% |
| Recurring financial charges | 65 | €69 | €195 | +€126 | +182% |
| Profit (loss) for the period before taxes | 9903 | €115,102 | €129,428 | +€14,327 | +12.4% |
| Income taxes | 67/77 | €25,222 | €28,566 | +€3,344 | +13.3% |
| Profit (loss) for the period | 9904 | €89,880 | €100,863 | +€10,983 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,880 | €100,863 | +€10,983 | +12.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.