Sam Bonte: what changed
Two fiscal 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.
Sam Bonte
Largest movements
- Tangible fixed assets +€27,276
up €27,276 (+133.3%), from €20,456 to €47,732
of which Furniture and vehicles: +€20,760
- Receivables within one year -€25,104
down €25,104 (-48.7%), from €51,524 to €26,420
of which Trade receivables: -€23,814
- Stocks and contracts -€18,850
down €18,850 (-80.4%), from €23,459 to €4,609
of which Contracts in progress: -€16,108
- Cash -€2,102
down €2,102 (-6.0%), from €34,954 to €32,852
mainly Investment in fixed assets (net) (-€33,079) and Trade debts (-€21,073)
- Trade debts -€21,073
down €21,073 (-46.7%), from €45,093 to €24,020
- Debts after one year +€12,460
up €12,460 (+459.4%), from €2,712 to €15,172
- Other debts -€10,447
down €10,447 (-72.3%), from €14,452 to €4,005
- Gross operating margin -€46,346
down €46,346 (-75.3%), from €61,515 to €15,169
- Taxes -€11,673
down €11,673 (-100.0%), from €11,673 to €0
- Depreciation +€3,722
up €3,722 (+178.9%), from €2,081 to €5,803
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.
Cash bridge derived
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 | €131,079 | €112,293 | -€18,786 | -14.3% |
| Fixed assets | 21/28 | €20,536 | €47,812 | +€27,276 | +132.8% |
| Tangible fixed assets | 22/27 | €20,456 | €47,732 | +€27,276 | +133.3% |
| Plant, machinery and equipment | 23 | €2,095 | €8,610 | +€6,516 | +311.1% |
| Furniture and vehicles | 24 | €18,361 | €39,121 | +€20,760 | +113.1% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €110,543 | €64,482 | -€46,062 | -41.7% |
| Stocks and contracts in progress | 3 | €23,459 | €4,609 | -€18,850 | -80.4% |
| Stocks | 30/36 | €7,350 | €4,609 | -€2,741 | -37.3% |
| Contracts in progress | 37 | €16,108 | €0 | -€16,108 | -100.0% |
| Amounts receivable within one year | 40/41 | €51,524 | €26,420 | -€25,104 | -48.7% |
| Trade receivables | 40 | €43,813 | €20,000 | -€23,814 | -54.4% |
| Other amounts receivable | 41 | €7,710 | €6,420 | -€1,290 | -16.7% |
| Cash at bank and in hand | 54/58 | €34,954 | €32,852 | -€2,102 | -6.0% |
| Deferred charges and accrued income | 490/1 | €607 | €600 | -€6 | -1.1% |
| Total equity and liabilities | 10/49 | €131,079 | €112,293 | -€18,786 | -14.3% |
| Equity | 10/15 | €52,459 | €51,791 | -€668 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,971 | €83,971 | = | 0.0% |
| Distributable reserves | 133 | €83,971 | €83,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,712 | -€38,380 | -€668 | -1.8% |
| Amounts payable | 17/49 | €78,620 | €60,502 | -€18,118 | -23.0% |
| Amounts payable after more than one year | 17 | €2,712 | €15,172 | +€12,460 | +459.4% |
| Financial debts | 170/4 | €2,712 | €15,172 | +€12,460 | +459.4% |
| Amounts payable within one year | 42/48 | €75,908 | €45,289 | -€30,618 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €4,546 | €5,488 | +€942 | +20.7% |
| Trade debts | 44 | €45,093 | €24,020 | -€21,073 | -46.7% |
| Suppliers | 440/4 | €45,093 | €24,020 | -€21,073 | -46.7% |
| Taxes, remuneration and social security | 45 | €11,818 | €11,777 | -€41 | -0.3% |
| Taxes | 450/3 | €11,818 | €11,777 | -€41 | -0.3% |
| Other amounts payable | 47/48 | €14,452 | €4,005 | -€10,447 | -72.3% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,081 | €5,803 | +€3,722 | +178.9% |
| Other operating charges | 640/8 | €8,138 | €8,590 | +€452 | +5.6% |
| Gross operating margin | 9900 | €61,515 | €15,169 | -€46,346 | -75.3% |
| Operating profit (loss) | 9901 | €51,296 | €776 | -€50,520 | -98.5% |
| Financial income | 75/76B | €169 | €222 | +€53 | +31.5% |
| Recurring financial income | 75 | €169 | €222 | +€53 | +31.5% |
| Financial charges | 65/66B | €1,197 | €1,666 | +€469 | +39.2% |
| Recurring financial charges | 65 | €1,197 | €1,666 | +€469 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €50,268 | -€668 | -€50,936 | |
| Income taxes | 67/77 | €11,673 | €0 | -€11,673 | -100.0% |
| Profit (loss) for the period | 9904 | €38,595 | -€668 | -€39,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,595 | -€668 | -€39,262 |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.