LUKA BONNAERENS: 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.
LUKA BONNAERENS
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash +€26,332
up €26,332 (+41.6%), from €63,239 to €89,571
mainly Net result for the year (+€176,590) and Current portion of long-term debt (+€50,259)
- Tangible fixed assets -€3,556
down €3,556 (-10.5%), from €33,901 to €30,345
of which Furniture and vehicles: -€3,281
- Debts after one year -€65,845
down €65,845 (-72.5%), from €90,831 to €24,987
- Current portion of long-term debt +€50,259
up €50,259 (+322%), from €15,586 to €65,845
- Other debts -€13,821
down €13,821 (-7.2%), from €192,364 to €178,543
- Gross operating margin +€90,727
up €90,727 (+67.9%), from €133,625 to €224,352
- Taxes +€25,695
up €25,695 (+78.6%), from €32,672 to €58,367
- Financial charges -€3,403
down €3,403 (-38.3%), from €8,889 to €5,485
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 | €343,642 | €314,986 | -€28,656 | -8.3% |
| Fixed assets | 21/28 | €153,601 | €150,045 | -€3,556 | -2.3% |
| Tangible fixed assets | 22/27 | €33,901 | €30,345 | -€3,556 | -10.5% |
| Plant, machinery and equipment | 23 | €2,263 | €1,988 | -€275 | -12.2% |
| Furniture and vehicles | 24 | €31,638 | €28,357 | -€3,281 | -10.4% |
| Financial fixed assets | 28 | €119,700 | €119,700 | = | 0.0% |
| Current assets | 29/58 | €190,041 | €164,941 | -€25,100 | -13.2% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,016 | €14,483 | -€533 | -3.5% |
| Trade receivables | 40 | €10,000 | €12,083 | +€2,083 | +20.8% |
| Other amounts receivable | 41 | €5,016 | €2,400 | -€2,616 | -52.2% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €63,239 | €89,571 | +€26,332 | +41.6% |
| Deferred charges and accrued income | 490/1 | €1,786 | €887 | -€899 | -50.3% |
| Total equity and liabilities | 10/49 | €343,642 | €314,986 | -€28,656 | -8.3% |
| Equity | 10/15 | €40,130 | €40,720 | +€590 | +1.5% |
| Contributions | 10/11 | €3,140 | €3,140 | = | 0.0% |
| Reserves | 13 | €36,856 | €36,856 | = | 0.0% |
| Distributable reserves | 133 | €36,856 | €36,856 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134 | €724 | +€590 | +441% |
| Amounts payable | 17/49 | €303,512 | €274,266 | -€29,246 | -9.6% |
| Amounts payable after more than one year | 17 | €90,831 | €24,987 | -€65,845 | -72.5% |
| Financial debts | 170/4 | €90,831 | €24,987 | -€65,845 | -72.5% |
| Amounts payable within one year | 42/48 | €212,392 | €248,675 | +€36,283 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €15,586 | €65,845 | +€50,259 | +322% |
| Trade debts | 44 | €49 | €316 | +€267 | +548% |
| Suppliers | 440/4 | €49 | €316 | +€267 | +548% |
| Taxes, remuneration and social security | 45 | €4,394 | €3,972 | -€421 | -9.6% |
| Taxes | 450/3 | €4,394 | €3,972 | -€421 | -9.6% |
| Other amounts payable | 47/48 | €192,364 | €178,543 | -€13,821 | -7.2% |
| Accrued charges and deferred income | 492/3 | €288 | €604 | +€316 | +110% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,725 | €9,849 | +€124 | +1.3% |
| Other operating charges | 640/8 | €889 | €890 | +€1 | +0.1% |
| Gross operating margin | 9900 | €133,625 | €224,352 | +€90,727 | +67.9% |
| Operating profit (loss) | 9901 | €123,010 | €213,613 | +€90,602 | +73.7% |
| Financial income | 75/76B | €27,360 | €26,830 | -€530 | -1.9% |
| Recurring financial income | 75 | €27,360 | €26,830 | -€530 | -1.9% |
| Financial charges | 65/66B | €8,889 | €5,485 | -€3,403 | -38.3% |
| Recurring financial charges | 65 | €8,889 | €5,485 | -€3,403 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €141,482 | €234,958 | +€93,476 | +66.1% |
| Income taxes | 67/77 | €32,672 | €58,367 | +€25,695 | +78.6% |
| Profit (loss) for the period | 9904 | €108,809 | €176,590 | +€67,781 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,809 | €176,590 | +€67,781 | +62.3% |
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 29 October 2026 via checked.be.