THOMAS BONG MANAGEMENT: 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.
THOMAS BONG MANAGEMENT
Largest movements
- Cash +€101,816
up €101,816 (+1,048%), from €9,712 to €111,528
mainly Net result for the year (+€82,871) and Depreciation (+€61,575)
- Tangible fixed assets -€61,575
down €61,575 (-11.3%), from €545,118 to €483,543
of which Land and buildings: -€42,415
- Receivables after one year -€30,345
down €30,345 (-18.9%), from €160,345 to €130,000
- Debts after one year -€113,000
down €113,000 (-65.1%), from €173,559 to €60,559
of which Other amounts payable: -€100,000
- Reserves +€82,870
up €82,870 (+13.5%), from €611,850 to €694,720
- Other debts +€45,778
up €45,778 (+89.5%), from €51,176 to €96,955
- Gross operating margin +€18,791
up €18,791 (+16.2%), from €115,811 to €134,602
- Financial income +€14,842
up €14,842 (+49.9%), from €29,722 to €44,565
- Taxes +€8,249
up €8,249 (+52.8%), from €15,623 to €23,873
- Financial charges -€7,188
down €7,188 (-48.6%), from €14,784 to €7,596
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 | €899,010 | €911,525 | +€12,515 | +1.4% |
| Fixed assets | 21/28 | €705,573 | €643,998 | -€61,575 | -8.7% |
| Tangible fixed assets | 22/27 | €545,118 | €483,543 | -€61,575 | -11.3% |
| Land and buildings | 22 | €477,141 | €434,726 | -€42,415 | -8.9% |
| Furniture and vehicles | 24 | €67,977 | €48,818 | -€19,160 | -28.2% |
| Financial fixed assets | 28 | €160,455 | €160,455 | = | 0.0% |
| Current assets | 29/58 | €193,437 | €267,527 | +€74,089 | +38.3% |
| Amounts receivable after more than one year | 29 | €160,345 | €130,000 | -€30,345 | -18.9% |
| Other amounts receivable | 291 | €160,345 | €130,000 | -€30,345 | -18.9% |
| Amounts receivable within one year | 40/41 | €21,899 | €24,416 | +€2,517 | +11.5% |
| Trade receivables | 40 | €2,500 | €10,000 | +€7,500 | +300% |
| Other amounts receivable | 41 | €19,399 | €14,416 | -€4,983 | -25.7% |
| Cash at bank and in hand | 54/58 | €9,712 | €111,528 | +€101,816 | +1,048% |
| Deferred charges and accrued income | 490/1 | €1,482 | €1,583 | +€102 | +6.9% |
| Total equity and liabilities | 10/49 | €899,010 | €911,525 | +€12,515 | +1.4% |
| Equity | 10/15 | €631,395 | €713,432 | +€82,038 | +13.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €611,850 | €694,720 | +€82,870 | +13.5% |
| Distributable reserves | 133 | €611,850 | €694,720 | +€82,870 | +13.5% |
| Profit (loss) carried forward | 14 | €953 | €120 | -€832 | -87.4% |
| Amounts payable | 17/49 | €267,616 | €198,093 | -€69,523 | -26.0% |
| Amounts payable after more than one year | 17 | €173,559 | €60,559 | -€113,000 | -65.1% |
| Financial debts | 170/4 | €73,559 | €60,559 | -€13,000 | -17.7% |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €91,089 | €128,161 | +€37,072 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €20,083 | €13,000 | -€7,083 | -35.3% |
| Trade debts | 44 | €2,715 | €623 | -€2,093 | -77.1% |
| Suppliers | 440/4 | €2,715 | €623 | -€2,093 | -77.1% |
| Taxes, remuneration and social security | 45 | €17,115 | €17,584 | +€470 | +2.7% |
| Taxes | 450/3 | €16,615 | €17,584 | +€970 | +5.8% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €51,176 | €96,955 | +€45,778 | +89.5% |
| Accrued charges and deferred income | 492/3 | €2,967 | €9,372 | +€6,405 | +216% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,804 | €61,575 | -€230 | -0.4% |
| Other operating charges | 640/8 | €3,109 | €3,253 | +€144 | +4.6% |
| Gross operating margin | 9900 | €115,811 | €134,602 | +€18,791 | +16.2% |
| Operating profit (loss) | 9901 | €50,898 | €69,774 | +€18,876 | +37.1% |
| Financial income | 75/76B | €29,722 | €44,565 | +€14,842 | +49.9% |
| Recurring financial income | 75 | €29,722 | €44,565 | +€14,842 | +49.9% |
| Financial charges | 65/66B | €14,784 | €7,596 | -€7,188 | -48.6% |
| Recurring financial charges | 65 | €14,784 | €7,596 | -€7,188 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €65,836 | €106,743 | +€40,907 | +62.1% |
| Income taxes | 67/77 | €15,623 | €23,873 | +€8,249 | +52.8% |
| Profit (loss) for the period | 9904 | €50,213 | €82,871 | +€32,657 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,213 | €82,871 | +€32,657 | +65.0% |
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 25 October 2026 via checked.be.