ANTOON BOSMANS: 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.
ANTOON BOSMANS
Largest movements
- Cash -€30,025
down €30,025 (-35.0%), from €85,886 to €55,861
mainly Stocks and contracts (-€21,582) and Trade debts (-€18,596)
- Tangible fixed assets -€23,795
down €23,795 (-7.1%), from €335,810 to €312,015
of which Furniture and vehicles: -€12,260
- Stocks and contracts +€21,582
new in 2025: €21,582
of which Contracts in progress: +€19,672
- Trade debts -€18,596
down €18,596 (-91.5%), from €20,328 to €1,732
- Reserves +€14,139
up €14,139 (+9.7%), from €145,144 to €159,283
- Debts after one year -€12,681
down €12,681 (-5.2%), from €246,165 to €233,483
- Tax, wage and social debts -€6,355
down €6,355 (-97.1%), from €6,547 to €192
- Current portion of long-term debt -€5,577
down €5,577 (-30.5%), from €18,258 to €12,681
- Gross operating margin -€14,093
down €14,093 (-18.3%), from €76,926 to €62,833
- Depreciation +€7,565
up €7,565 (+32.5%), from €23,308 to €30,873
- Financial charges +€1,700
up €1,700 (+15.8%), from €10,746 to €12,446
of which Financial charges: +€1,813
- Taxes -€1,167
down €1,167 (-18.3%), from €6,360 to €5,193
- Other operating charges -€1,080
down €1,080 (-76.4%), from €1,414 to €334
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 | €445,496 | €416,254 | -€29,241 | -6.6% |
| Fixed assets | 21/28 | €335,810 | €312,015 | -€23,795 | -7.1% |
| Tangible fixed assets | 22/27 | €335,810 | €312,015 | -€23,795 | -7.1% |
| Land and buildings | 22 | €298,002 | €288,252 | -€9,750 | -3.3% |
| Plant, machinery and equipment | 23 | €14,595 | €12,810 | -€1,785 | -12.2% |
| Furniture and vehicles | 24 | €23,213 | €10,953 | -€12,260 | -52.8% |
| Current assets | 29/58 | €109,686 | €104,240 | -€5,446 | -5.0% |
| Stocks and contracts in progress | 3 | - | €21,582 | +€21,582 | |
| Stocks | 30/36 | - | €1,910 | +€1,910 | |
| Contracts in progress | 37 | - | €19,672 | +€19,672 | |
| Amounts receivable within one year | 40/41 | €23,585 | €26,720 | +€3,135 | +13.3% |
| Trade receivables | 40 | €10,615 | €1,686 | -€8,929 | -84.1% |
| Other amounts receivable | 41 | €12,969 | €25,034 | +€12,064 | +93.0% |
| Cash at bank and in hand | 54/58 | €85,886 | €55,861 | -€30,025 | -35.0% |
| Deferred charges and accrued income | 490/1 | €215 | €77 | -€138 | -64.0% |
| Total equity and liabilities | 10/49 | €445,496 | €416,254 | -€29,241 | -6.6% |
| Equity | 10/15 | €151,144 | €165,283 | +€14,139 | +9.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €145,144 | €159,283 | +€14,139 | +9.7% |
| Distributable reserves | 133 | €145,144 | €159,283 | +€14,139 | +9.7% |
| Amounts payable | 17/49 | €294,351 | €250,971 | -€43,380 | -14.7% |
| Amounts payable after more than one year | 17 | €246,165 | €233,483 | -€12,681 | -5.2% |
| Financial debts | 170/4 | €246,165 | €233,483 | -€12,681 | -5.2% |
| Amounts payable within one year | 42/48 | €45,304 | €14,606 | -€30,698 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €18,258 | €12,681 | -€5,577 | -30.5% |
| Trade debts | 44 | €20,328 | €1,732 | -€18,596 | -91.5% |
| Suppliers | 440/4 | €20,328 | €1,732 | -€18,596 | -91.5% |
| Taxes, remuneration and social security | 45 | €6,547 | €192 | -€6,355 | -97.1% |
| Taxes | 450/3 | €6,547 | €192 | -€6,355 | -97.1% |
| Other amounts payable | 47/48 | €171 | - | -€171 | |
| Accrued charges and deferred income | 492/3 | €2,882 | €2,882 | = | 0.0% |
| Non-recurring operating income | 76A | - | €174 | +€174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,308 | €30,873 | +€7,565 | +32.5% |
| Other operating charges | 640/8 | €1,414 | €334 | -€1,080 | -76.4% |
| Gross operating margin | 9900 | €76,926 | €62,833 | -€14,093 | -18.3% |
| Operating profit (loss) | 9901 | €52,204 | €31,625 | -€20,579 | -39.4% |
| Financial income | 75/76B | €24 | €153 | +€129 | +536% |
| Recurring financial income | 75 | €24 | €153 | +€129 | +536% |
| Financial charges | 65/66B | €10,746 | €12,446 | +€1,700 | +15.8% |
| Recurring financial charges | 65 | €10,633 | €12,446 | +€1,813 | +17.1% |
| Non-recurring financial charges | 66B | €113 | - | -€113 | |
| Profit (loss) for the period before taxes | 9903 | €41,482 | €19,332 | -€22,150 | -53.4% |
| Income taxes | 67/77 | €6,360 | €5,193 | -€1,167 | -18.3% |
| Profit (loss) for the period | 9904 | €35,122 | €14,139 | -€20,984 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,122 | €14,139 | -€20,984 | -59.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.