ERNEST BONBON: 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.
ERNEST BONBON
Largest movements
- Receivables within one year +€22,063
up €22,063 (+143%), from €15,400 to €37,463
of which Trade receivables: +€19,494
- Cash -€17,387
down €17,387 (-52.0%), from €33,423 to €16,036
mainly Receivables within one year (-€22,063) and Current portion of long-term debt (-€6,172)
- Tangible fixed assets -€6,946
down €6,946 (-64.1%), from €10,835 to €3,889
- Stocks and contracts +€2,700
new in 2025: €2,700
- Current portion of long-term debt -€6,172
down €6,172 (-83.2%), from €7,416 to €1,244
- Advances received +€3,950
new in 2025: €3,950
- Profit (loss) carried forward +€2,869
up €2,869 (+21.3%), from €13,439 to €16,308
- Tax, wage and social debts +€1,558
up €1,558 (+12.3%), from €12,689 to €14,247
of which Taxes: +€3,826
- Debts after one year -€1,244
no longer reported in 2025 (was €1,244)
- Gross operating margin -€2,228
down €2,228 (-6.5%), from €34,299 to €32,071
- Depreciation +€469
up €469 (+5.1%), from €9,120 to €9,589
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 | €59,658 | €60,088 | +€430 | +0.7% |
| Fixed assets | 21/28 | €10,835 | €3,889 | -€6,946 | -64.1% |
| Tangible fixed assets | 22/27 | €10,835 | €3,889 | -€6,946 | -64.1% |
| Furniture and vehicles | 24 | €10,835 | €3,889 | -€6,946 | -64.1% |
| Current assets | 29/58 | €48,823 | €56,199 | +€7,376 | +15.1% |
| Stocks and contracts in progress | 3 | - | €2,700 | +€2,700 | |
| Stocks | 30/36 | - | €2,700 | +€2,700 | |
| Amounts receivable within one year | 40/41 | €15,400 | €37,463 | +€22,063 | +143% |
| Trade receivables | 40 | €11,141 | €30,635 | +€19,494 | +175% |
| Other amounts receivable | 41 | €4,259 | €6,828 | +€2,569 | +60.3% |
| Cash at bank and in hand | 54/58 | €33,423 | €16,036 | -€17,387 | -52.0% |
| Total equity and liabilities | 10/49 | €59,658 | €60,088 | +€430 | +0.7% |
| Equity | 10/15 | €21,984 | €24,853 | +€2,869 | +13.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,545 | €3,545 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,545 | €3,545 | = | 0.0% |
| Other | 1319 | €3,545 | €3,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,439 | €16,308 | +€2,869 | +21.3% |
| Amounts payable | 17/49 | €37,674 | €35,235 | -€2,439 | -6.5% |
| Amounts payable after more than one year | 17 | €1,244 | - | -€1,244 | |
| Financial debts | 170/4 | €1,244 | - | -€1,244 | |
| Amounts payable within one year | 42/48 | €36,430 | €35,235 | -€1,195 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €7,416 | €1,244 | -€6,172 | -83.2% |
| Trade debts | 44 | €16,325 | €15,794 | -€531 | -3.3% |
| Suppliers | 440/4 | €16,325 | €15,794 | -€531 | -3.3% |
| Advances received on contracts in progress | 46 | - | €3,950 | +€3,950 | |
| Taxes, remuneration and social security | 45 | €12,689 | €14,247 | +€1,558 | +12.3% |
| Taxes | 450/3 | €9,879 | €13,705 | +€3,826 | +38.7% |
| Remuneration and social security | 454/9 | €2,810 | €542 | -€2,268 | -80.7% |
| Non-recurring operating income | 76A | €167 | €1,210 | +€1,043 | +625% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,120 | €9,589 | +€469 | +5.1% |
| Other operating charges | 640/8 | €14,750 | €14,983 | +€233 | +1.6% |
| Gross operating margin | 9900 | €34,299 | €32,071 | -€2,228 | -6.5% |
| Operating profit (loss) | 9901 | €10,429 | €7,499 | -€2,930 | -28.1% |
| Financial charges | 65/66B | €445 | €412 | -€33 | -7.4% |
| Recurring financial charges | 65 | €445 | €412 | -€33 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €9,984 | €7,087 | -€2,897 | -29.0% |
| Income taxes | 67/77 | €4,400 | €4,218 | -€182 | -4.1% |
| Profit (loss) for the period | 9904 | €5,584 | €2,869 | -€2,715 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,584 | €2,869 | -€2,715 | -48.6% |
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 1 November 2026 via checked.be.