PETER BONDUE: 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.
PETER BONDUE
Largest movements
- Receivables within one year -€33,759
down €33,759 (-39.8%), from €84,860 to €51,101
of which Trade receivables: -€35,863
- Tangible fixed assets -€20,759
down €20,759 (-35.6%), from €58,291 to €37,532
- Cash +€17,921
up €17,921 (+583%), from €3,076 to €20,996
mainly Receivables within one year (+€33,759) and Depreciation (+€20,759)
- Deferred charges and accrued income -€2,969
down €2,969 (-19.4%), from €15,309 to €12,340
- Profit (loss) carried forward -€20,210
down €20,210 (-582%), from -€3,473 to -€23,683
- Trade debts -€16,342
down €16,342 (-33.9%), from €48,162 to €31,820
- Tax, wage and social debts -€7,116
down €7,116 (-47.2%), from €15,070 to €7,954
- Other debts +€4,833
up €4,833 (+2,274%), from €212 to €5,045
- Gross operating margin -€78,673
down €78,673 (-44.7%), from €176,124 to €97,451
- Staff costs -€61,000
down €61,000 (-40.1%), from €151,957 to €90,957
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 | €172,664 | €133,097 | -€39,567 | -22.9% |
| Fixed assets | 21/28 | €58,291 | €37,532 | -€20,759 | -35.6% |
| Tangible fixed assets | 22/27 | €58,291 | €37,532 | -€20,759 | -35.6% |
| Plant, machinery and equipment | 23 | €37,032 | €26,684 | -€10,348 | -27.9% |
| Furniture and vehicles | 24 | €21,158 | €10,848 | -€10,310 | -48.7% |
| Other tangible fixed assets | 26 | €101 | - | -€101 | |
| Current assets | 29/58 | €114,373 | €95,565 | -€18,808 | -16.4% |
| Amounts receivable after more than one year | 29 | €5,078 | €5,078 | = | 0.0% |
| Other amounts receivable | 291 | €5,078 | €5,078 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,050 | €6,050 | = | 0.0% |
| Stocks | 30/36 | €6,050 | €6,050 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,860 | €51,101 | -€33,759 | -39.8% |
| Trade receivables | 40 | €72,192 | €36,330 | -€35,863 | -49.7% |
| Other amounts receivable | 41 | €12,668 | €14,771 | +€2,103 | +16.6% |
| Cash at bank and in hand | 54/58 | €3,076 | €20,996 | +€17,921 | +583% |
| Deferred charges and accrued income | 490/1 | €15,309 | €12,340 | -€2,969 | -19.4% |
| Total equity and liabilities | 10/49 | €172,664 | €133,097 | -€39,567 | -22.9% |
| Equity | 10/15 | €108,488 | €88,278 | -€20,210 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,361 | €93,361 | = | 0.0% |
| Distributable reserves | 133 | €93,361 | €93,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,473 | -€23,683 | -€20,210 | -582% |
| Amounts payable | 17/49 | €64,176 | €44,819 | -€19,357 | -30.2% |
| Amounts payable within one year | 42/48 | €64,113 | €44,819 | -€19,293 | -30.1% |
| Financial debts | 43 | €668 | - | -€668 | |
| Credit institutions | 430/8 | €668 | - | -€668 | |
| Trade debts | 44 | €48,162 | €31,820 | -€16,342 | -33.9% |
| Suppliers | 440/4 | €48,162 | €31,820 | -€16,342 | -33.9% |
| Taxes, remuneration and social security | 45 | €15,070 | €7,954 | -€7,116 | -47.2% |
| Taxes | 450/3 | €15,070 | €7,954 | -€7,116 | -47.2% |
| Other amounts payable | 47/48 | €212 | €5,045 | +€4,833 | +2,274% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Remuneration, social security and pensions | 62 | €151,957 | €90,957 | -€61,000 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,233 | €20,759 | -€474 | -2.2% |
| Other operating charges | 640/8 | €2,550 | €2,438 | -€113 | -4.4% |
| Non-recurring operating charges | 66A | - | €3,204 | +€3,204 | |
| Gross operating margin | 9900 | €176,124 | €97,451 | -€78,673 | -44.7% |
| Operating profit (loss) | 9901 | €383 | -€19,907 | -€20,290 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €319 | €303 | -€15 | -4.9% |
| Recurring financial charges | 65 | €319 | €303 | -€15 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €67 | -€20,210 | -€20,277 | |
| Income taxes | 67/77 | €50 | - | -€50 | |
| Profit (loss) for the period | 9904 | €17 | -€20,210 | -€20,227 | |
| Profit (loss) for the period to be appropriated | 9905 | €17 | -€20,210 | -€20,227 |
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 17 October 2026 via checked.be.