Thomas Bonte: 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 Bonte
Largest movements
- Financial fixed assets +€740,741
up €740,741 (+651%), from €113,702 to €854,443
- Cash -€28,324
down €28,324 (-33.6%), from €84,175 to €55,851
mainly Investment in fixed assets (net) (-€740,741) and Current portion of long-term debt (-€18,140)
- Tangible fixed assets -€9,680
down €9,680 (-51.1%), from €18,936 to €9,256
- Other debts +€649,608
up €649,608 (+5,147%), from €12,621 to €662,229
- Reserves +€84,970
up €84,970 (+57.5%), from €147,820 to €232,791
- Current portion of long-term debt -€18,140
down €18,140 (-64.8%), from €27,995 to €9,855
- Debts after one year -€9,855
down €9,855 (-100%), from €9,855 to €0
- Gross operating margin +€69,138
up €69,138 (+87.5%), from €79,040 to €148,177
- Financial income -€62,184
down €62,184 (-100%), from €62,184 to €0
- Taxes +€13,442
up €13,442 (+48.2%), from €27,904 to €41,346
- Financial charges +€7,030
up €7,030 (+178%), from €3,954 to €10,984
of which Financial charges: +€7,171
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 | €216,813 | €919,549 | +€702,737 | +324% |
| Fixed assets | 21/28 | €132,638 | €863,698 | +€731,061 | +551% |
| Tangible fixed assets | 22/27 | €18,936 | €9,256 | -€9,680 | -51.1% |
| Furniture and vehicles | 24 | €18,936 | €9,256 | -€9,680 | -51.1% |
| Financial fixed assets | 28 | €113,702 | €854,443 | +€740,741 | +651% |
| Current assets | 29/58 | €84,175 | €55,851 | -€28,324 | -33.6% |
| Cash at bank and in hand | 54/58 | €84,175 | €55,851 | -€28,324 | -33.6% |
| Total equity and liabilities | 10/49 | €216,813 | €919,549 | +€702,737 | +324% |
| Equity | 10/15 | €149,320 | €234,291 | +€84,970 | +56.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €147,820 | €232,791 | +€84,970 | +57.5% |
| Distributable reserves | 133 | €147,820 | €232,791 | +€84,970 | +57.5% |
| Amounts payable | 17/49 | €67,492 | €685,258 | +€617,766 | +915% |
| Amounts payable after more than one year | 17 | €9,855 | €0 | -€9,855 | -100% |
| Financial debts | 170/4 | €9,855 | €0 | -€9,855 | -100% |
| Amounts payable within one year | 42/48 | €57,637 | €685,258 | +€627,621 | +1,089% |
| Current portion of amounts payable after more than one year | 42 | €27,995 | €9,855 | -€18,140 | -64.8% |
| Trade debts | 44 | €1,166 | €1,157 | -€9 | -0.7% |
| Suppliers | 440/4 | €1,166 | €1,157 | -€9 | -0.7% |
| Taxes, remuneration and social security | 45 | €15,856 | €12,017 | -€3,838 | -24.2% |
| Taxes | 450/3 | €15,856 | €12,017 | -€3,838 | -24.2% |
| Other amounts payable | 47/48 | €12,621 | €662,229 | +€649,608 | +5,147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,680 | €9,680 | = | 0.0% |
| Other operating charges | 640/8 | €1,271 | €1,197 | -€73 | -5.8% |
| Gross operating margin | 9900 | €79,040 | €148,177 | +€69,138 | +87.5% |
| Operating profit (loss) | 9901 | €68,089 | €137,300 | +€69,211 | +102% |
| Financial income | 75/76B | €62,184 | €0 | -€62,184 | -100% |
| Recurring financial income | 75 | €62,184 | €0 | -€62,184 | -100% |
| Financial charges | 65/66B | €3,954 | €10,984 | +€7,030 | +178% |
| Recurring financial charges | 65 | €3,769 | €10,940 | +€7,171 | +190% |
| Non-recurring financial charges | 66B | €185 | €44 | -€141 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €126,319 | €126,316 | -€3 | 0.0% |
| Income taxes | 67/77 | €27,904 | €41,346 | +€13,442 | +48.2% |
| Profit (loss) for the period | 9904 | €98,415 | €84,970 | -€13,444 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,415 | €84,970 | -€13,444 | -13.7% |
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 24 October 2026 via checked.be.