M. BONTEN: what changed
What changed
M. BONTEN
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€845,331
2024 · €42,204-€887,536
Equity
€2.5m
2024 · €3.3m-€846,916
Cash
€162,524
2024 · €931,270-€768,746
Balance sheet total
€6.7m
2024 · €8.4m-€1.7m
Largest movements
Assets
- Cash -€768,746
down €768,746 (-82.5%), from €931,270 to €162,524
mainly Net result for the year (-€845,331) and Advances received (-€635,446)
- Stocks and contracts -€451,938
down €451,938 (-26.7%), from €1.7m to €1.2m
of which Stocks: -€266,907
- Tangible fixed assets -€325,259
down €325,259 (-9.1%), from €3.6m to €3.3m
- Receivables within one year -€173,197
down €173,197 (-8.6%), from €2.0m to €1.9m
of which Trade receivables: -€146,589
Equity and liabilities
- Profit (loss) carried forward -€840,531
down €840,531, from €113,237 to -€727,294
- Advances received -€635,446
down €635,446 (-74.3%), from €855,222 to €219,775
- Debts after one year -€165,185
down €165,185 (-7.6%), from €2.2m to €2.0m
of which Financial debts: -€188,830
- Trade debts -€96,976
down €96,976 (-7.5%), from €1.3m to €1.2m
Income statement
- Turnover -€917,630
down €917,630 (-6.8%), from €13.4m to €12.5m
- Goods and materials +€759,608
up €759,608 (+11.8%), from €6.5m to €7.2m
of which Purchases: +€726,902
- Staff costs +€236,360
up €236,360 (+5.8%), from €4.1m to €4.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€42,204
Turnover
-€917,630
Other operating income
-€22,510
Goods and materials
-€759,608
Services and other goods
-€57,092
Staff costs
-€236,360
Depreciation
+€13,439
Other operating charges
+€1,490
Other operating items
+€1.0m
Financial income
+€21,693
Financial charges
+€11,321
Taxes
+€22,907
Deferred taxes and other
+€8,467
Result 2025
-€845,331
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€531,936
Investment
-€62,265
Financing
-€174,546
Cash 2024
€931,270
From operations (derived)
-€531,936
Net result for the year
-€845,331
Depreciation
+€378,224
Stocks and contracts
+€451,938
Receivables within one year
+€173,197
Deferred charges and accrued income
-€12,548
Smaller working-capital items
-€3,744
Trade debts
-€96,976
Tax, wage and social debts
+€58,750
Advances received
-€635,446
Investment (derived)
-€62,265
Investment in fixed assets (net)
-€62,265
Financing
-€174,546
Debts after one year
-€165,185
Current portion of long-term debt
-€7,777
Contributions, distributions and other
-€1,584
Cash 2025
€162,524
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,406,979 | €6,709,687 | -€1.7m | -20.2% |
| Fixed assets | 21/28 | €3,754,815 | €3,438,855 | -€315,959 | -8.4% |
| Tangible fixed assets | 22/27 | €3,593,856 | €3,268,596 | -€325,259 | -9.1% |
| Land and buildings | 22 | €2,573,812 | €2,474,941 | -€98,871 | -3.8% |
| Plant, machinery and equipment | 23 | €325,737 | €241,135 | -€84,602 | -26.0% |
| Furniture and vehicles | 24 | €557,388 | €399,478 | -€157,909 | -28.3% |
| Leasing and similar rights | 25 | €136,920 | €153,042 | +€16,123 | +11.8% |
| Financial fixed assets | 28 | €160,959 | €170,259 | +€9,300 | +5.8% |
| Other financial fixed assets | 284/8 | €160,959 | €170,259 | +€9,300 | +5.8% |
| Shares | 284 | €34,689 | €34,689 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €126,270 | €135,570 | +€9,300 | +7.4% |
| Current assets | 29/58 | €4,652,165 | €3,270,831 | -€1.4m | -29.7% |
| Stocks and contracts in progress | 3 | €1,694,531 | €1,242,593 | -€451,938 | -26.7% |
| Stocks | 30/36 | €759,186 | €492,278 | -€266,907 | -35.2% |
| Raw materials and consumables | 30/31 | €432,008 | €413,971 | -€18,037 | -4.2% |
| Property held for sale | 35 | €327,178 | €78,307 | -€248,871 | -76.1% |
| Contracts in progress | 37 | €935,345 | €750,314 | -€185,031 | -19.8% |
| Amounts receivable within one year | 40/41 | €2,024,451 | €1,851,254 | -€173,197 | -8.6% |
| Trade receivables | 40 | €1,909,541 | €1,762,953 | -€146,589 | -7.7% |
| Other amounts receivable | 41 | €114,910 | €88,301 | -€26,608 | -23.2% |
| Cash at bank and in hand | 54/58 | €931,270 | €162,524 | -€768,746 | -82.5% |
| Deferred charges and accrued income | 490/1 | €1,913 | €14,461 | +€12,548 | +656% |
| Total equity and liabilities | 10/49 | €8,406,979 | €6,709,687 | -€1.7m | -20.2% |
| Equity | 10/15 | €3,297,522 | €2,450,606 | -€846,916 | -25.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,328,911 | €1,293,160 | -€35,751 | -2.7% |
| Reserves | 13 | €845,491 | €876,443 | +€30,951 | +3.7% |
| Non-distributable reserves | 130/1 | €424,368 | €424,368 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Other | 1319 | €324,368 | €324,368 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,724 | €86,924 | -€4,800 | -5.2% |
| Distributable reserves | 133 | €329,400 | €365,151 | +€35,751 | +10.9% |
| Profit (loss) carried forward | 14 | €113,237 | -€727,294 | -€840,531 | |
| Investment grants | 15 | €9,882 | €8,298 | -€1,584 | -16.0% |
| Provisions and deferred taxes | 16 | €173,448 | €171,414 | -€2,033 | -1.2% |
| Provisions for liabilities and charges | 160/5 | €164,000 | €164,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €164,000 | €164,000 | = | 0.0% |
| Deferred taxes | 168 | €9,448 | €7,414 | -€2,033 | -21.5% |
| Amounts payable | 17/49 | €4,936,010 | €4,087,666 | -€848,343 | -17.2% |
| Amounts payable after more than one year | 17 | €2,181,763 | €2,016,579 | -€165,185 | -7.6% |
| Financial debts | 170/4 | €651,763 | €462,933 | -€188,830 | -29.0% |
| Leasing and similar obligations | 172 | €76,328 | €110,721 | +€34,393 | +45.1% |
| Credit institutions | 173 | €575,435 | €352,212 | -€223,223 | -38.8% |
| Other amounts payable | 178/9 | €1,530,000 | €1,553,646 | +€23,646 | +1.5% |
| Amounts payable within one year | 42/48 | €2,670,225 | €1,989,152 | -€681,073 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €274,830 | €267,054 | -€7,777 | -2.8% |
| Trade debts | 44 | €1,292,473 | €1,195,498 | -€96,976 | -7.5% |
| Suppliers | 440/4 | €1,292,473 | €1,195,498 | -€96,976 | -7.5% |
| Advances received on contracts in progress | 46 | €855,222 | €219,775 | -€635,446 | -74.3% |
| Taxes, remuneration and social security | 45 | €247,700 | €306,451 | +€58,750 | +23.7% |
| Taxes | 450/3 | €22,240 | €25,247 | +€3,006 | +13.5% |
| Remuneration and social security | 454/9 | €225,460 | €281,204 | +€55,744 | +24.7% |
| Other amounts payable | 47/48 | - | €375 | +€375 | |
| Accrued charges and deferred income | 492/3 | €84,021 | €81,935 | -€2,085 | -2.5% |
| Operating income | 70/76A | €12,702,096 | €12,787,407 | +€85,311 | +0.7% |
| Turnover | 70 | €13,433,923 | €12,516,293 | -€917,630 | -6.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,178,630 | -€127,508 | +€1.1m | +89.2% |
| Other operating income | 74 | €408,351 | €385,841 | -€22,510 | -5.5% |
| Non-recurring operating income | 76A | €38,453 | €12,781 | -€25,672 | -66.8% |
| Operating charges | 60/66A | €12,540,481 | €13,577,715 | +€1.0m | +8.3% |
| Goods for resale, raw materials and consumables | 60 | €6,458,853 | €7,218,462 | +€759,608 | +11.8% |
| Purchases | 600/8 | €6,483,196 | €7,210,098 | +€726,902 | +11.2% |
| Change in stocks: decrease (increase) | 609 | -€24,343 | €8,364 | +€32,707 | |
| Services and other goods | 61 | €1,580,546 | €1,637,638 | +€57,092 | +3.6% |
| Remuneration, social security and pensions | 62 | €4,056,789 | €4,293,149 | +€236,360 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391,663 | €378,224 | -€13,439 | -3.4% |
| Other operating charges | 640/8 | €51,732 | €50,242 | -€1,490 | -2.9% |
| Non-recurring operating charges | 66A | €897 | - | -€897 | |
| Operating profit (loss) | 9901 | €161,615 | -€790,308 | -€951,924 | |
| Financial income | 75/76B | €54,517 | €76,210 | +€21,693 | +39.8% |
| Recurring financial income | 75 | €54,517 | €76,210 | +€21,693 | +39.8% |
| Income from financial fixed assets | 750 | €5,705 | €4,216 | -€1,489 | -26.1% |
| Other financial income | 752/9 | €48,812 | €71,993 | +€23,181 | +47.5% |
| Financial charges | 65/66B | €141,971 | €130,650 | -€11,321 | -8.0% |
| Recurring financial charges | 65 | €141,971 | €130,650 | -€11,321 | -8.0% |
| Debt charges | 650 | €127,326 | €104,428 | -€22,897 | -18.0% |
| Other financial charges | 652/9 | €14,646 | €26,222 | +€11,576 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €74,161 | -€844,749 | -€918,910 | |
| Transfer from deferred taxes | 780 | €1,567 | €2,033 | +€467 | +29.8% |
| Transfer to deferred taxes | 680 | €8,000 | - | -€8,000 | |
| Income taxes | 67/77 | €25,523 | €2,616 | -€22,907 | -89.7% |
| Taxes | 670/3 | €25,523 | €2,616 | -€22,907 | -89.7% |
| Profit (loss) for the period | 9904 | €42,204 | -€845,331 | -€887,536 | |
| Transfer from tax-exempt reserves | 789 | €3,400 | €4,800 | +€1,400 | +41.2% |
| Transfer to tax-exempt reserves | 689 | €24,000 | - | -€24,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,604 | -€840,531 | -€862,136 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.